9 unchanged sentences
As of December 31, 2023, a hypothetical 1% increase in Euribor would have increased our interest expense by approximately $3 million.
−Removed: For our fixed-rate notes, a 1% increase or decrease in interest rates would have decreased or increased the fair value of our notes by approximately 4%.
−Removed: Foreign Currency Exchange Risk
+Added: Foreign Currency Exchange Rate Risk
A significant proportion of our net assets and income is in non-USD currencies, primarily the Euro (“EUR”) and British pound sterling (“GBP”).
3 unchanged sentences
We use foreign currency option contracts to mitigate the risk of a reduction in the value of earnings from our operations that use the EUR or GBP as their functional currency.
−Removed: As of December 31, 2022, a uniform 10% strengthening in the value of the USD relative to the EUR would have increased our net assets by approximately $35 million.
−Removed: As of December 31, 2022, a uniform 10% strengthening in
−Removed: the value of the USD relative to the GBP would have decreased our net assets by approximately $30 million.
+Added: As of December 31, 2023, a uniform 10% strengthening in the value of the USD relative to the EUR would have increased our net assets by approximately $67 million, net of hedging.
+Added: As of December 31, 2023, a uniform 10% strengthening in the value of the USD relative to the GBP would have decreased our net assets by approximately $143 million, net of hedging.
These theoretical calculations assume that an instantaneous, parallel shift in exchange rates occurs, which is not consistent with the history of foreign currency markets.
1 unchanged sentence
The sensitivity analysis of the impact of changes in foreign currency exchange rates does not factor in a potential change in sales levels or local currency prices.
−Removed: See Note — 10 Fair Value Measurements and Financial Instruments to the Consolidated Financial Statements for additional information.
+Added: “Fair Value Measurements and Financial Instruments” to the Consolidated Financial Statements for additional information.
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.