18 unchanged sentences
Notional amounts are used to calculate the contractual payments to be exchanged under the contract.
−Removed: Weighted average variable rates are based on implied
−Removed: forward rates in effect as of December 31, 2020 (in thousands, except interest rates):
+Added: Weighted average variable rates are based on implied forward rates in effect as of December 31, 2021 (in thousands, except interest rates):
Expected Maturity Date
−Removed: 2021 2022 2023 2024 2025 Thereafter Total Fair Value
+Added: 2022 2023 2024 2025 2026 Thereafter Total (1)
Fixed rate debt, gross $ — $ — $ — $ — $ 600,000 $ 1,950,000 $ 2,550,000 $ 2,616,630
6 unchanged sentences
Average receive rate — % 1.24 % 1.25 % — % — % — % 1.24 %
+Added: (1) Total for interest rate swaps represents notional amount of derivative financial instruments designated as cash flow hedges.
As of December 31, 2021, we had $3.1 billion of gross fixed and variable rate debt with interest rates ranging from 0.98% to 3.75% per annum and a weighted average interest rate of 2.67% per annum, excluding the impact of cash flow hedges.
5 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.