Quantitative and Qualitative Disclosures About Market Risk
−Removed: As of September 30, 2023, the net fair value of all financial instruments with exposure to currency risk was a $77 million asset.
−Removed: The potential loss or gain in fair value for such financial instruments from a hypothetical 10% adverse or favorable change in quoted currency exchange rates would be $141 million and $(150) million, respectively, at September 30, 2023 exchange rates.
+Added: As of March 31, 2024, the net fair value of all financial instruments with exposure to currency risk was a $60 million asset.
+Added: The potential loss or gain in fair value for such financial instruments from a hypothetical 10% adverse or favorable change in quoted currency exchange rates would be $152 million and $(161) million, respectively, at March 31, 2024 exchange rates.
The model assumes a parallel shift in currency exchange rates;
−Removed: however, currency
−Removed: exchange rates rarely move in the same direction.
+Added: however, currency exchange rates rarely move in the same direction.
The assumption that currency exchange rates change in a parallel fashion may overstate the impact of changing currency exchange rates on assets and liabilities denominated in currencies other than the U.S.
1 unchanged sentence
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.