1 unchanged sentence
INTEREST RATE RISK
−Removed: As of March 31, 2026, the Company had $3.0 billion in total debt principal outstanding.
−Removed: None of the Company’s total debt outstanding as of March 31, 2026 was based on a floating base rate of interest.
+Added: As of June 30, 2026, the Company had $3.0 billion in total debt principal outstanding.
+Added: None of the Company’s total debt outstanding as of June 30, 2026 was based on a floating base rate of interest.
Note 8 — Debt in the Notes to Condensed Consolidated Financial Statements provides additional information regarding the Company’s outstanding debt obligations.
9 unchanged sentences
A measure of the potential impact of foreign currency translation can be determined through a sensitivity analysis of our cash and cash equivalents.
−Removed: At March 31, 2026, we had $1.7 billion of cash and cash equivalents, with a substantial portion denominated in foreign currencies.
+Added: At June 30, 2026, we had $1.5 billion of cash and cash equivalents, with a substantial portion denominated in foreign currencies.
If the exchange rates of the foreign currencies we hold all changed in comparison to the U.S.
−Removed: dollar by 10%, the amount of cash and cash equivalents we would have reported on March 31, 2026 could have increased or decreased by approximately $117.5 million.
+Added: dollar by 10%, the amount of cash and cash equivalents we would have reported on June 30, 2026 could have increased or decreased by approximately $125.9 million.
The translation of our foreign currency revenues and expenses historically has not had a material impact on our consolidated earnings because movements in and among the major currencies in which we operate tend to impact our revenues and expenses fairly equally.
3 unchanged sentences
We typically enter into foreign currency forward exchange contracts to mitigate the effects of some of this foreign currency transaction risk.
−Removed: Our outstanding foreign currency forward exchange contracts as of March 31, 2026 had an immaterial net unrealized gain.
+Added: Our outstanding foreign currency forward exchange contracts as of June 30, 2026 had an immaterial net unrealized loss.
Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of short-term, highly liquid investments classified as cash equivalents, fees receivable, interest rate swap contracts and foreign currency forward exchange contracts.
2 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.