9 unchanged sentences
and global economies have experienced a recession due to the economic impacts of the COVID-19 pandemic.
−Removed: Although we did not experience a material increase in cancellations by customers or a material reduction in our retention rate in fiscal 2021 or in the first quarter of fiscal 2022, we may experience such an increase or reduction in the future, especially in the event of a prolonged recession as a result of the COVID-19 pandemic.
+Added: Although we did not experience a material increase in cancellations by customers or a material reduction in our retention rate in fiscal 2021 or in the first three quarters of fiscal 2022, we may experience such an increase or reduction in the future, especially in the event of a prolonged recession as a result of the COVID-19 pandemic.
A prolonged recession could adversely affect demand for our offerings, retention rates and harm our business and results of operations, particularly in light of the fact that our solutions are discretionary purchases and thus may be more susceptible to macroeconomic pressures, as well impact the value of our common stock, ability to refinance our debt, and our access to capital.
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Our solutions are discretionary purchases, and customers may reduce or eliminate their discretionary spending on our solutions during a difficult macroeconomic environment.
−Removed: Although we did not experience a material increase in cancellations by customers or a material reduction in our retention rate in fiscal 2021 or in the first quarter of fiscal 2022 , we may experience such an increase or reduction in the future, especially in the event of a prolonged recession or a worsening of current conditions as a result of the COVID-19 pandemic.
+Added: Although we did not experience a material increase in cancellations by customers or a material reduction in our retention rate in fiscal 2021 or in the first three quarters of fiscal 2022 , we may experience such an increase or reduction in the future, especially in the event of a prolonged recession or a worsening of current conditions as a result of the COVID-19 pandemic.
In addition, during a recession, consumers may experience a decline in their credit or disposable income, which may result in less demand for our solutions.
52 unchanged sentences
We may fail to consummate the Proposed Merger with Avast plc, may not consummate the Proposed Merger on the expected terms, or may not achieve the anticipated benefits.
−Removed: It is currently anticipated that the Proposed Merger will be consummated in mid-2022.
−Removed: Completion of the Proposed Merger is subject to, among other things, the receipt of approval from Avast’s shareholders, regulatory approvals and other customary closing conditions for the acquisition of a UK public company, including the sanction of the UK’s High Court.
+Added: It is currently anticipated that the Proposed Merger will be consummated on February 24, 2022.
+Added: Completion of the Proposed Merger is subject to, among other things, regulatory approvals and other customary closing conditions for the acquisition of a UK public company, including the sanction of the UK’s High Court.
As a result, the possible timing and likelihood of completion are uncertain, and, accordingly, there can be no assurance that the Proposed Merger will be completed on the expected terms, on the anticipated schedule or at all.
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Several recent, highly publicized data security breaches, including a large-scale attack on SolarWinds customers by a foreign nation state actor and a significant uptick in ransomware/extortion attacks at other companies have heightened consumer awareness of this issue and may embolden individuals or groups to target our systems or those of our strategic partners or enterprise customers.
+Added: In December 2021, a critical remote code execution (RCE) vulnerability was identified in the Apache Software Foundation’s Log4j software library (Log4j), which if exploited could result in unauthorized access to Company systems and data, and acquisition of the same.
+Added: We are taking, and have taken, steps to remediate all known Log4j vulnerabilities within our environment, deployed compensating controls, and implemented additional changes to protect against an exploit of those vulnerabilities.
+Added: A threat actor could exploit a Log4j vulnerability or newly discovered vulnerabilities before we complete our remediation work or identify a vulnerability that we did not effectively remediate.
+Added: If that happens, there could be unauthorized access to, or acquisition of, data we maintain, and damage to Company systems.
+Added: We could also face legal action from individuals, business partners, and regulators in connection with exploitation of those vulnerabilities, which would result in increased costs and fees incurred in our defense against those proceedings.
Our solutions are complex and operate in a wide variety of environments, systems and configurations, which could result in failures of our solutions to function as designed.
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Additionally, third parties with whom we work, such as vendors or developers, may violate applicable laws or our policies and such violations can place personal information of our customers at risk.
−Removed: In addition, our customers may also accidentally disclose
−Removed: their passwords or store them on a device that is lost or stolen, creating the perception that our systems are not secure against third-party access.
+Added: In addition, our customers may also accidentally disclose their passwords or store them on a device that is lost or stolen, creating the perception that our systems are not secure against third-party access.
This could have an adverse effect on our reputation and business.
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Any legal action to protect proprietary information that we may bring or be engaged in with a strategic partner or vendor could adversely affect our ability to access software, operating system, and hardware platforms of such partner or vendor, or cause such partner or vendor to choose not to offer our products to their customers.
−Removed: In addition, any legal action to protect proprietary information that we may bring or be engaged in, could be
−Removed: costly, may distract management from day-to-day operations, and may lead to additional claims against us, which could adversely affect our operating results.
+Added: In addition, any legal action to protect proprietary information that we may bring or be engaged in, could be costly, may distract management from day-to-day operations, and may lead to additional claims against us, which could adversely affect our operating results.
From time to time we are a party to lawsuits and investigations, which typically require significant management time and attention and result in significant legal expenses.
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There are risks associated with our outstanding and future indebtedness that could adversely affect our financial condition.
−Removed: As of October 1, 2021, we had an aggregate of $ 3,866 million of outstanding indebtedness that will mature in calendar years 2022 through 2030, and $1,000 million available for borrowing under our revolving credit facility.
+Added: As of December 31, 2021, we had an aggregate of $3,855 million of outstanding indebtedness that will mature in calendar years 2022 through 2030, and $1,000 million available for borrowing under our revolving credit facility.
See Note 10 of the Notes to the Condensed Consolidated Financial Statements included in this Quarterly Report on Form 10-Q for further information on our outstanding debt.
1 unchanged sentence
We are not able to control many of these factors.
−Removed: Accordingly, our cash flow may not be sufficient to allow us to pay principal and interest on our debt, including the notes, and meet our other obligations.
+Added: Accordingly, our cash flow may not be
+Added: sufficient to allow us to pay principal and interest on our debt, including the notes, and meet our other obligations.
Our level of indebtedness could have other important consequences, including the following :
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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.