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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-02-28 compared with 2022-02-28 · 1 added, 1 removed, 14 unchanged (13% of the section changed)
5 unchanged sentences
As of December 31, 2022, we had approximately $7,364,424 in total face value debt, of which approximately $2,602,228 was subject to variable interest rates (excluding debt with interest rate swaps).
−Removed: If LIBOR were to increase or decrease by 100 basis points, the increase or decrease in interest expense on the variable rate debt would increase or decrease future earnings and cash flows by approximately $14,777 annually.
+Added: If benchmark index rates were to increase or decrease by 100 basis points, the increase or decrease in interest expense on the variable rate debt would increase or decrease future earnings and cash flows by approximately $26,022 annually.
Interest rate risk amounts were determined by considering the impact of hypothetical interest rates on our financial instruments.
7 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.