6 unchanged sentences
As our CLOC borrowings are generally seasonal, interest rate risk typically increases during the months of November through March.
−Removed: While the market value of our CLOC borrowings is relatively insensitive to interest rate changes, interest expense on CLOC borrowings will increase and decrease with changes in the underlying short-term interest rates.
−Removed: We had no outstanding balance on our CLOC as of April 30, 2021.
−Removed: Our long-term debt as of April 30, 2021, consists primarily of fixed-rate Senior Notes;
+Added: While our CLOC borrowings are relatively insensitive to interest rate changes, interest expense on CLOC borrowings will increase and decrease with changes in the underlying short-term interest rates.
+Added: We had no outstanding balance on our CLOC as of June 30, 2022.
+Added: Our long-term debt as of June 30, 2022, consists primarily of fixed-rate Senior Notes;
therefore, a change in interest rates would have no impact on consolidated pretax earnings until these notes mature or are refinanced.
+Added: H&R Block, Inc.
+Added: | 2022 Form 10-K
The fixed-rate interest payable on our Senior Notes is subject to adjustment based upon our credit ratings.
10 unchanged sentences
dollars of our international businesses.
−Removed: The impact of changes in foreign exchange rates during the period on our international cash balances resulted in an increase of $18.3 million during fiscal year 2021 compared to a decrease of $5.3 million in fiscal year 2020.
−Removed: We estimate a 10% change in foreign exchange rates by itself would impact consolidated pretax income in fiscal years 2021 and 2020 by $5.5 million and $12.2 million, respectively, and cash balances, excluding restricted balances, as of April 30, 2021 and 2020 by $14.9 million and $9.9 million, respectively.
+Added: The impact of changes in foreign exchange rates during the period on our international cash balances resulted in a decrease of $8.1 million during the year ended June 30, 2022 compared to an increase of $13.5 million in year ended June 30, 2021.
+Added: We estimate a 10% change in foreign exchange rates by itself would impact consolidated pretax income in the year ended June 30, 2022 and the year ended June 30, 2021 by $2.8 million and $3.2 million, respectively, and cash balances, excluding restricted balances, as of June 30, 2022 and June 30, 2021 by $18.5 million and $16.4 million, respectively.
We generally use foreign exchange forward contracts to mitigate foreign currency exchange rate risk for loans we advance to our Canadian operations.
−Removed: We had no forward contracts outstanding at April 30, 2021 or 2020.
+Added: We had no forward contracts outstanding at June 30, 2022, June 30, 2021, or April 30, 2021.
2022 Form 10-K | H&R Block, Inc.
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.