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For a discussion of our exposure to market risk, refer to Part II, Item 7A, "Quantitative and Qualitative Disclosures About Market Risk," contained in our Annual Report on Form 10-K for the year ended December 31, 2022.
−Removed: With respect to foreign currency exchange rate risk, during the three months ended March 31, 2023, w e designated our Euro-denominated senior notes of €800 million as a hedge of our net investment in our Euro-denominated operations.
+Added: With respect to foreign currency exchange rate risk, during the six months ended June 30, 2023, w e designated our Euro-denominated senior notes of €800 million as a hedge of our net investment in our Euro-denominated operations.
The purpose of the net investment hedge is to offset the volatility of our net investment in our Euro-denominated operations due to changes in foreign currency exchange rates.
1 unchanged sentence
See "Note 7—Derivatives and Hedging Instruments" in the notes to the accompanying unaudited consolidated financial statements for further information about our hedging arrangements.
−Removed: Table of Content s
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.