6 unchanged sentences
government and agency securities.
−Removed: associated with fluctuating interest rates is limited to our investment portfolio.
+Added: The risk associated with fluctuating interest rates is limited to our investment portfolio.
A 10% decrease in interest rates in 2020, 2019 and 2018 would have resulted in an insignificant decrease in our interest income in each of these periods.
2 unchanged sentences
dollars and therefore substantially all of our revenue is not subject to foreign currency translation risk.
−Removed: However, a substantial portion of our operating expenses incurred outside the United States are denominated in foreign currencies and are subject to fluctuations due to changes in foreign currency exchange rates, particularly changes in the Canadian dollar (“CAD”), the Brazilian real (“BRL”), the Euro (“EUR”) and the British pound (“GBP”).
+Added: However, a substantial portion of our operating expenses incurred outside the United States are denominated in foreign currencies and are subject to fluctuations due to changes in foreign currency exchange rates, particularly changes in the Canadian dollar (“CAD”), the Euro (“EUR”) and the British pound (“GBP”).
To help protect against significant fluctuations in value and the volatility of future cash flows caused by changes in currency exchange rates, we engage in foreign currency risk management activities to minimize the impact of balance sheet items denominated in CAD.
2 unchanged sentences
These contracts typically have a maturity of one month and settle on the last day of each month.
−Removed: We record changes in the fair value of forward exchange contracts related to balance sheet accounts in Other income (expense)—net in the consolidated statements of income.
+Added: We record changes in the fair value of forward exchange contracts related to balance sheet accounts in other expense—net in the consolidated statements of income.
We recognized an expense of $5.5 million in 2020 due to foreign currency transaction losses.
2 unchanged sentences
Long-term material changes in the value of the U.S.
−Removed: dollar against other foreign currencies, such as the EUR, BRL and GBP, could adversely impact our operating expenses in the future.
+Added: dollar against other foreign currencies, such as the EUR and GBP, could adversely impact our operating expenses in the future.
We assessed the risk of loss in fair values from the impact of hypothetical changes in foreign currency exchange rates.
6 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.