1 unchanged sentence
Foreign Currency Exchange Risks
−Removed: We transact business in various foreign countries and are, therefore, subject to risk of foreign currency exchange rate fluctuations.
+Added: We transact business in various foreign countries and are, therefore, subject to the risk of foreign currency exchange rate fluctuations.
We enter into forward foreign exchange contracts to economically hedge transactional exposure associated with commitments arising from trade accounts receivable, trade accounts payable, intercompany transactions, and fixed purchase obligations denominated in a currency other than the functional currency of the respective operating entity.
1 unchanged sentence
All derivative instruments are recorded on our Consolidated Balance Sheets at their respective fair values.
−Removed: Forward foreign exchange contracts will generally expire in less than three months and are primarily denominated in Chinese yuan renminbi, Euro, Malaysian Ringgit, Mexican peso and Swiss franc.
+Added: Forward foreign exchange contracts will generally expire in less than three months and are primarily denominated in Chinese yuan renminbi, Euro, Indian Rupee, Malaysian Ringgit, and Mexican peso.
The change in fair value related to contracts designated as accounting cash flow hedging instruments is initially reported as a component of accumulated other comprehensive income (“AOCI”) and subsequently reclassified to the revenue or expense line in which the underlying transaction occurs within our Consolidated Statements of Operations.
11 unchanged sentences
The Company periodically enters into interest rate swaps to manage interest rate risk associated with the Company’s borrowings or anticipated debt issuances.
−Removed: As of August 31, 2024, there are no outstanding interest rate swaps.
+Added: As of August 31, 2025, we have forward interest rate swaps with an aggregate notional amount of $100 million, which are scheduled to expire on July 31, 2026.
+Added: As of August 31, 2024, there were no outstanding interest rate swaps.
See Note 11 – “Derivative Financial Instruments and Hedging Activities” for additional information regarding interest rate risk management.
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.