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 3, 2026 would have increased annual interest expense by approximately $3.6 million.
−Removed: A hypothetical increase in interest rates of 1% during the three months ended April 4, 2025 would have increased annual interest expense by approximately $3.8 million.
+Added: A hypothetical increase in interest rates of 1% during the six months ended July 3, 2026 would have increased annual interest expense by $7.2 million.
+Added: A hypothetical increase in interest rates of 1% during the six months ended July 4, 2025 would have increased annual interest expense by $3.9 million.
Exchange Rate Risk
2 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 3, 2026, approximately 79% of our sales were derived from operations outside the United States.
+Added: During the six months ended July 3, 2026, 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 3, 2026 would result in a reduction in Equity of approximately $244 million.
+Added: Dollar as of July 3, 2026 would result in a reduction in Equity of approximately $262 million.
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 million.
−Removed: As of April 3, 2026, 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 have resulted in a reduction in Equity of approximately $201 million.
+Added: As of July 3, 2026, 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 10, “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.