11 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 of the Notes to Consolidated Financial Statements (Part I, Item 1 of this Form 10-Q) for further information.
+Added: Refer to Note 7.
+Added: Derivative Instruments , to Notes to Consolidated Financial Statements (Part I, Item 1 of this Quarterly Report) for further information.
We maintain written policies and procedures governing our risk management activities.
4 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 points movement in interest rates applicable to our cash and cash equivalents outstanding at September 30, 2022 would have impacted interest income by approximately $5.1 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, 2023 would impact interest income by approximately $3.1 million on an annual basis.
We are subject to foreign currency exchange risk with respect to cash balances maintained in foreign currencies.
Debt - Our interest rate risk relates primarily to U.S.
−Removed: dollar LIBOR-indexed borrowings.
+Added: dollar SOFR-indexed borrowings.
We use interest rate swap derivative instruments to manage our earnings and cash flow exposure to changes in interest rates.
−Removed: These interest rate swaps fix the interest rate on a portion of our expected LIBOR-indexed floating-rate borrowings.
−Removed: These interest rate swaps were designated as cash flow hedges as of September 30, 2022.
−Removed: The total notional amounts related to the Company’s interest rate swaps were $1.8 billion with $875.0 million effective as of September 30, 2022.
−Removed: Based on our outstanding borrowings at September 30, 2022, 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.
−Removed: See Note 7, Derivative Instruments , for the details of interest rate swaps.
+Added: These interest rate swaps fix the interest rate on a portion of our expected SOFR-indexed floating-rate borrowings.
+Added: These interest rate swaps were designated as cash flow hedges as of March 31, 2023.
+Added: The total notional amounts related to the Company’s interest rate swaps were $1.5 billion with $775.0 million effective as of March 31, 2023.
+Added: Based on our outstanding borrowings at March 31, 2023, a 100 basis points change in interest rates would have impacted interest expense on the unhedged portion of the debt by $1.0 million on an annualized basis.
+Added: Derivative Instruments , to the Notes to Consolidated Financial Statements (Part I, Item 1 of this Quarterly Report) for further information regarding 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.