10 unchanged sentences
We generally do not hold or issue these derivative contracts for trading or speculative purposes.
−Removed: As of December 31, 2024, we had $2,854.0 million principal amount of fixed rate debt outstanding, a $6.9 million decrease as compared to December 31, 2023.
+Added: As of December 31, 2025, we had $3,195.2 million principal amount of fixed rate debt outstanding, a $341.2 million increase as compared to December 31, 2024.
The estimated aggregate fair market value of this debt was $3,113.5 million.
1 unchanged sentence
If interest rates had been 100 basis points lower, the aggregate fair market value of our fixed rate debt would have been $128.6 million higher.
−Removed: As of December 31, 2024, we had $454.0 million of variable rate debt outstanding not protected by interest rate hedge contracts, an $84.0 million increase as compared to December 31, 2023.
+Added: As of December 31, 2025, we had $375.0 million of variable rate debt outstanding not protected by interest rate hedge contracts, a $79.0 million decrease as compared to December 31, 2024.
If the weighted average interest rate on this variable rate debt had been 100 basis points higher or lower, the annual interest expense as of December 31, 2025 would increase or decrease by $3.8 million.
4 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.