18 unchanged sentences
Cash and Cash Equivalents - We are exposed to the risk of interest rate fluctuations on the interest income earned on our cash and cash equivalents.
−Removed: A hypothetical 100 basis point movement in interest rates applicable to our cash and cash equivalents outstanding at September 30, 2020 would increase interest income by approximately $4.0 million on an annual basis .
+Added: A hypothetical 100 basis points movement in interest rates applicable to our cash and cash equivalents outstanding at March 31, 2021 would increase interest income by approximately $4.1 million on an annual basis.
No significant decrease in interest income would be expected as our cash balances are earning interest at rates of approximately one basis point.
2 unchanged sentences
dollar LIBOR-indexed borrowings.
−Removed: We use interest rate derivative instruments to manage our earnings and cash flow exposure to changes in interest rates.
+Added: We use interest rate swap derivative instruments to manage our earnings and cash flow exposure to changes in interest rates.
These interest rate swaps fix the interest rate on a portion of our expected LIBOR-indexed floating-rate borrowings.
−Removed: See Note 8, Derivative Instruments , for the details of interest rate swaps.
−Removed: The total notional amount of interest rate swaps in effect as of September 30, 2020 was $975.0 million.
−Removed: Based on our outstanding borrowings at September 30, 2020 , a 100 basis points change in interest rates would have impacted interest expense on the unhedged portion of the debt by $0.9 million on an annualized basis.
+Added: These interest rate swaps were designated as cash flow hedges as of March 31, 2021.
+Added: The total notional amounts related to the Company’s interest rate swaps were $1.9 billion with $975.0 million effective as of March 31, 2021.
+Added: Based on our outstanding borrowings at March 31, 2021, a 100 basis points change in interest rates would have impacted interest expense on the unhedged portion of the debt by $1.1 million on an annualized basis.See Note 7, Derivative Instruments , for the details of interest rate swaps.
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.