5 unchanged sentences
This means that a change in prevailing interest rates may cause the principal amount of the investment to fluctuate.
−Removed: To minimize this risk, we maintain our
−Removed: portfolio of cash, cash equivalents, investments and marketable equity securities in a variety of securities, including commercial paper, corporate debt securities, U.S.
+Added: To minimize this risk, we maintain our portfolio of cash, cash equivalents, investments and marketable equity securities in a variety of securities, including commercial paper, corporate debt securities, U.S.
government and agency securities, certificates of deposit and term deposits, money market funds, municipal bonds and marketable equity securities.
1 unchanged sentence
A 10% decrease in interest rates would have resulted in a decrease of $15.5 million in our interest income in 2024, and would have resulted in an insignificant decrease in our interest income in 2023 and 2022.
−Removed: On March 5, 2021, we issued $1.0 billion aggregate principal amount of senior notes, consisting of $500.0 million aggregate principal amount of 1.0% notes due March 15, 2026 and $500.0 million aggregate principal amount of 2.2% notes due March 15, 2031.
−Removed: We carry the senior notes at face value less unamortized discount on our consolidated balance sheets.
−Removed: As the senior notes bear interest at a fixed rate, we have no financial statement risk associated with changes in interest rates.
−Removed: Refer to Note 11.
−Removed: Debt in Part II, Item 8 of this Annual Report on Form 10-K.
Foreign Currency Exchange Risk
6 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 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 income (expense)—net in the consolidated statements of income.
We recognized an expense of $16.9 million in 2024 due to foreign currency transaction losses.
11 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.