3 unchanged sentences
We use interest rate swap agreements to manage our fixed/floating-rate debt portfolio, none of which are for trading or speculative purposes.
−Removed: At January 30, 2022, after giving consideration to our interest rate swap agreements, floating rate debt principal was $5.7 billion, or approximately 16% of our senior notes portfolio, and the fair values of our interest rate swap agreements totaled $191 million.
+Added: At January 29, 2023, after giving consideration to our interest rate swap agreements, floating-rate debt principal was $5.4 billion, or approximately 13% of our senior notes portfolio.
+Added: Our interest rate swap agreements were in an aggregate liability position of $778 million at January 29, 2023.
The changes in the fair values of our interest rate swap agreements offset the changes in the fair value of the hedged long-term debt.
1 unchanged sentence
The United Kingdom’s Financial Conduct Authority announced the phased cessation of publication of LIBOR beginning after 2021 and continuing through 2023.
−Removed: While the discontinuance of LIBOR tenors that are scheduled to occur in 2023 will impact certain of our credit arrangements and interest rate swaps, we do not anticipate the transition to a new reference rate will have a material impact on our consolidated financial condition, results of operations, or cash flows.
+Added: While the discontinuance of LIBOR tenors that are scheduled to occur in 2023 will impact our interest rate swaps, we do not anticipate the transition to a new reference rate will have a material impact on our consolidated financial condition, results of operations, or cash flows.
+Added: Fiscal 2022 Form 10-K 32
FOREIGN CURRENCY EXCHANGE RATE RISK
1 unchanged sentence
dollars and on the purchase of goods by these foreign operations that are not denominated in their local currencies.
−Removed: We use derivative and nonderivative instruments to hedge a portion of our foreign currency exchange rate risk, none of which are for trading or speculative purposes.
+Added: We use derivative instruments to hedge a portion of our foreign currency exchange rate risk, none of which are for trading or speculative purposes.
Our foreign currency related hedging arrangements outstanding at the end of fiscal 2022 were not material.
6 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.