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 six months ended July 4, 2025 would have increased interest expense by approximately $4 million.
+Added: A hypothetical increase in interest rates of 1% during the nine months ended October 3, 2025 would have increased interest expense by approximately $6 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.
7 unchanged sentences
Dollar and against the currencies of other countries in which we manufacture and sell products and services.
−Removed: During the six months ended July 4, 2025, approximately 79% of our sales were derived from operations outside the United States.
+Added: During the nine months ended October 3, 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 July 4, 2025 would result in a reduction in Equity of approximately $201 million.
−Removed: 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.
+Added: Dollar as of October 3, 2025 would result in a reduction in Equity of approximately $240 million.
+Added: As of October 3, 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.