8 unchanged sentences
dollar as their functional currency are translated using the exchange rates in effect at the balance sheet date, and changes in the exchange rates can result in translation adjustments that are reflected in “Accumulated other comprehensive loss” in the shareholders’ equity section of our condensed consolidated balance sheets.
−Removed: For the three-month period ended March 31, 2023, we recorded foreign currency translation gains of $8.4 million to accumulated other comprehensive loss.
+Added: For the six-month period ended June 30, 2023, we recorded foreign currency translation gains of $20.7 million to accumulated other comprehensive loss.
Deferred taxes have not been provided on foreign currency translation adjustments as the related undistributed earnings are permanently reinvested.
−Removed: When currencies other than the functional currency are to be paid or received, the resulting transaction gain or loss associated with changes in the applicable foreign currency exchange rate is recognized in the condensed consolidated statements of operations as a component of “Other income (expense), net.” Foreign currency gains or losses from the remeasurement of monetary assets and liabilities as well as unsettled foreign currency transactions, including intercompany transactions that are not of a long-term investment nature, are also recognized as a component of “Other income (expense), net.” For the three-month period ended March 31, 2023, we recorded foreign currency gains of $3.4 million, primarily related to U.S.
+Added: When currencies other than the functional currency are to be paid or received, the resulting transaction gain or loss associated with changes in the applicable foreign currency exchange rate is recognized in the condensed consolidated statements of operations as a component of “Other income (expense), net.” Foreign currency gains or losses from the remeasurement of monetary assets and liabilities as well as unsettled foreign currency transactions, including intercompany transactions that are not of a long-term investment nature, are also recognized as a component of “Other income (expense), net.” For the three- and six-month periods ended June 30, 2023, we recorded net foreign currency losses of $5.7 million and $2.3 million, respectively, primarily reflecting foreign currency losses of $11.7 million and $13.2 million, respectively, related to the devaluation of the Nigerian naira on our naira cash holdings, offset in part by foreign currency gains related to U.S.
dollar denominated intercompany debt in our U.K.
4 unchanged sentences
We currently have no exposure to interest rate risks as we have no outstanding debt subject to floating rates.
−Removed: However, we may be at risk upon refinancing our debt.
+Added: However, we are subject to risks upon refinancing our debt.
Commodity Price Risk.
3 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.