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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2024-11-04 compared with 2024-08-02 · 1 added, 1 removed, 10 unchanged (17% of the section changed)
4 unchanged sentences
Interest rate risk is highly sensitive to many factors, including governmental monetary and tax policies, domestic and international economic and political considerations and other factors beyond our control.
−Removed: As of June 30, 2024, we had approximately $11.8 billion in total face value of debt, of which approximately $2.9 billion was subject to variable interest rates (excluding debt with interest rate swaps).
+Added: As of September 30, 2024, we had approximately $11.8 billion in total face value of debt, of which approximately $2.6 billion was subject to variable interest rates (excluding debt with interest rate swaps).
If SOFR was 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 $25.7 million annually.
4 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.