7 unchanged sentences
We are exposed to interest rate risk on the variable-rate term loans under these Facilities.
−Removed: A hypothetical increase in interest rates of 1% during the three months ended April 4, 2025 would have increased interest expense by approximately $3.8 million.
+Added: A hypothetical increase in interest rates of 1% during the six months ended July 4, 2025 would have increased interest expense by approximately $4 million.
To mitigate our interest risk, in July 2022, we entered into two interest rate swaps to hedge approximately $600 million of our floating-rate debt.
1 unchanged sentence
As a result, the Company terminated one of these swaps hedging only $300 million of our floating-rate debt.
−Removed: The remaining swap matured as of April 4, 2025, therefore no remaining interest rate swaps remained as of quarter end.
+Added: The remaining swap matured during the first quarter in 2025, therefore no remaining interest rate swaps remained as of quarter end.
See Note 11, “Derivatives” in our Notes contained elsewhere in this Form 10-Q for additional information.
3 unchanged sentences
Dollar and against the currencies of other countries in which we manufacture and sell products and services.
−Removed: During the three months ended April 4, 2025, approximately 78% of our sales were derived from operations outside the United States.
+Added: During the six months ended July 4, 2025, approximately 79% of our sales were derived from operations outside the United States.
We have significant manufacturing operations in European countries that are not part of the Eurozone.
6 unchanged sentences
A 10% depreciation in major currencies relative to the U.S.
−Removed: Dollar as of April 4, 2025 would result in a reduction in Equity of approximately $183.0 million.
−Removed: As of April 4, 2025, we have six fixed-to-fixed cross-currency swaps, which are expected to provide a hedge to a portion of our European net asset position.
+Added: Dollar as of July 4, 2025 would result in a reduction in Equity of approximately $201 million.
+Added: As of July 4, 2025, we have six fixed-to-fixed cross-currency swaps, which are expected to provide a hedge to a portion of our European net asset position.
See Note 11, “Derivatives” in our Notes contained elsewhere in this Form 10-Q for additional information.
10 unchanged sentences
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.