Quantitative and Qualitative Disclosures about Market Risk
−Removed: We are exposed to market risk, primarily related to interest rates and foreign currency exchange rates.
+Added: We are exposed to market risk, primarily related to interest rates.
Interest Rates - Our floating rate financial instruments subject to interest rate risk include a $650 million Term Loan, a $1.5 billion Revolving Credit Facility, and a $1 billion commercial paper program.
−Removed: As of June 30, 2022, we had $425 million outstanding on the Term Loan and no indebtedness outstanding under our Revolving Credit Facility or our commercial paper program.
−Removed: Based on the amounts outstanding under our Term Loan as of June 30, 2022, an increase of 1% in interest rates would increase the interest expense on our debt by approximately $4 million on an annual basis.
+Added: As of September 30, 2022, we had $325 million outstanding on the Term Loan and no indebtedness outstanding under our Revolving Credit Facility or our commercial paper program.
+Added: Based on the amounts outstanding under our Term Loan as of September 30, 2022, an increase of 1% in interest rates would increase the interest expense on our debt by approximately $3 million on an annual basis.
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.