20 unchanged sentences
dollar would have resulted in similar decreases to our revenue and pre-tax operating profit for 2025 and 2024.
−Removed: On average across our mix of international businesses, foreign currencies at December 31, 2024 were weaker against the U.S.
+Added: On average across our mix of international businesses, foreign currencies at December 31, 2025 were stronger against the U.S.
dollar than the average foreign exchange rates that prevailed across the full year 2024.
−Removed: As a result, if foreign exchange rates were unchanged throughout 2024, foreign exchange translation would increase growth as reported in U.S.
+Added: As a result, if foreign exchange rates were unchanged throughout 2025, foreign exchange translation would have decreased growth as reported in U.S.
As foreign exchange rates change daily, there can be no assurance that foreign exchange rates will remain constant throughout 2026, and rates could go either higher or lower.
7 unchanged sentences
Based on the amount of outstanding variable-rate debt, we have exposure to interest rate risk.
−Removed: In the future, if our mix of fixed-rate and variable-rate debt were to change due to additional borrowings under existing or new variable-rate debt, we could have additional exposure to interest rate risk.
+Added: In the future, if our mix of fixed-rate and variable-rate debt were to change due to additional borrowings under existing or new variable-rate debt, we
+Added: could have additional exposure to interest rate risk.
The nature and amount of our long-term and short-term debt, as well as the proportionate amount of fixed-rate and variable-rate debt, can be expected to vary as a result of future business requirements, market conditions and other factors.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.