5 unchanged sentences
We operate on a global basis and are exposed to the risk that changes in foreign currency exchange rates could adversely affect our financial condition, results of operations and cash flows.
−Removed: We are primarily exposed to foreign currency exchange rate risk with respect to transactions and net assets denominated in Euros ("EUR"), British pounds ("GBP"), Swiss francs ("CHF"), Canadian dollars, Japanese yen, Mexican pesos, Brazilian reais, Australian dollars and Chinese yuan.
+Added: We are primarily exposed to foreign currency exchange rate risk with respect to transactions and net assets denominated in Euros, British pounds, Swiss francs, Canadian dollars, Japanese yen, Mexican pesos, Brazilian reais, Australian dollars and Chinese yuan.
We manage the foreign currency exposure centrally, on a combined basis, which allows us to net exposures and to take advantage of any natural offsets.
3 unchanged sentences
As a result, the impact of foreign currency gains/losses recognized in earnings are partially offset by gains/losses on the related foreign currency forward exchange contracts in the same reporting period.
−Removed: Refer to Note 7, Derivative Instruments for further information.
+Added: Refer to Note 6, Derivative Instruments for further information of the Notes to Consolidated Financial Statements (Part II, Item 8 of this Form 10-K).
We maintain written policies and procedures governing our risk management activities.
14 unchanged sentences
Assets (Liabilities)
−Removed: 1-month USD LIBOR 100,000 March 27, 2017 December 31, 2017 June 30, 2021 1.971 % (929)
−Removed: 1-month USD LIBOR 150,000 December 13, 2017 January 1, 2018 December 31, 2022 2.201 % (6,152)
−Removed: 1-month USD LIBOR 150,000 December 13, 2017 January 1, 2018 December 31, 2022 2.201 % (6,405)
−Removed: 1-month USD LIBOR 100,000 December 13, 2017 July 1, 2019 June 30, 2024 2.423 % (7,724)
−Removed: 1-month USD LIBOR 50,000 December 13, 2017 July 1, 2019 June 30, 2024 2.423 % (3,778)
−Removed: 1-month USD LIBOR 200,000 December 13, 2017 January 1, 2018 December 31, 2024 2.313 % (16,243)
−Removed: 1-month USD LIBOR 75,000 October 10, 2018 July 1, 2020 June 30, 2025 3.220 % (9,836)
−Removed: 1-month USD LIBOR 75,000 October 10, 2018 July 1, 2020 June 30, 2025 3.199 % (9,826)
−Removed: 1-month USD LIBOR 75,000 October 10, 2018 July 1, 2020 June 30, 2025 3.209 % (9,783)
−Removed: 1-month USD LIBOR 100,000 December 18, 2018 December 30, 2022 December 31, 2027 2.885 % (10,407)
−Removed: 1-month USD LIBOR 100,000 December 18, 2018 December 30, 2022 December 31, 2027 2.867 % (10,431)
−Removed: 1-month USD LIBOR 125,000 December 15, 2020 July 31, 2025 December 31, 2027 1.415 % (382)
−Removed: 1-month USD LIBOR 50,000 December 15, 2020 July 1, 2025 December 31, 2027 1.404 % (162)
−Removed: 1-month USD LIBOR 225,000 December 15, 2020 July 31, 2025 December 31, 2027 1.415 % (846)
−Removed: 1-month USD LIBOR 225,000 December 15, 2020 July 31, 2025 December 31, 2027 1.415 % (679)
−Removed: 1-month USD LIBOR 75,000 December 15, 2020 July 1, 2025 December 31, 2027 1.404 % (187)
−Removed: Total interest rate derivatives designated as cash flow hedge 1,875,000 (93,769)
+Added: 1-month USD LIBOR Loan 300,000 December 13, 2017 January 1, 2018 December 31, 2022 2.201 % (5,268)
+Added: 1-month USD LIBOR Loan 150,000 December 13, 2017 July 1, 2019 June 30, 2024 2.423 % (5,520)
+Added: 1-month USD LIBOR Loan 200,000 December 13, 2017 January 1, 2018 December 31, 2024 2.313 % (7,421)
+Added: 1-month USD LIBOR Loan 75,000 October 10, 2018 July 1, 2020 June 30, 2025 3.220 % (5,512)
+Added: 1-month USD LIBOR Loan 75,000 October 10, 2018 July 1, 2020 June 30, 2025 3.199 % (5,464)
+Added: 1-month USD LIBOR Loan 75,000 October 10, 2018 July 1, 2020 June 30, 2025 3.209 % (5,494)
+Added: 1-month USD LIBOR Loan 100,000 December 18, 2018 December 30, 2022 December 31, 2027 2.885 % (6,886)
+Added: 1-month USD LIBOR Loan 100,000 December 18, 2018 December 30, 2022 December 31, 2027 2.867 % (6,764)
+Added: 1-month USD LIBOR Loan 575,000 December 15, 2020 July 31, 2025 December 31, 2027 1.415 % 3,552
+Added: 1-month USD LIBOR Loan 125,000 December 15, 2020 July 1, 2025 December 31, 2027 1.404 % 821
+Added: $ 1,775,000 $ (43,957)
These interest rate swaps were designated as cash flow hedges as of December 31, 2021.
The total notional amounts related to the Company’s interest rate swaps were $1.8 billion and with $875.0 million effective as of December 31, 2021.
−Removed: Based on our outstanding borrowings at December 31, 2020, 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.
+Added: Based on our outstanding borrowings at December 31, 2021, a 100 basis points change in interest rates would have impacted interest expense on the unhedged p ortion of the debt by $1.1 million on an annualized basis.
+Added: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
+Added: Financial statements and the financial statement schedule specified by this Item, together with the report thereon of PricewaterhouseCoopers LLP, are presented following Item 15 of this report.
+Added: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES
+Added: Not applicable.
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.