7 unchanged sentences
Intercompany transactions which create transactional foreign currency risk include services, royalties, loans, contributions and distributions.
+Added: On November 2, 2023, the Company entered into a foreign currency forward contract with a notional amount of €90 million to manage the foreign currency risk associated with the sale of our EMEA staffing operations, which was completed in the first quarter of 2024.
+Added: This contract is not designated as a hedging instrument;
+Added: therefore, it is marked-to-market and the changes in fair value are recognized in earnings.
+Added: A total loss of $2.4 million was realized upon settlement on January 5, 2024.
+Added: An unrealized loss of $3.6 million associated with the forward contract was recorded as of December 31, 2023;
+Added: therefore, the Company will record a gain of $1.2 million in the first quarter of 2024.
In addition, we are exposed to interest rate risks through our use of the multi-currency line of credit and other borrowings.
2 unchanged sentences
The obligation to employees increases and decreases based on movements in the equity and debt markets.
−Removed: The investments in mutual funds, as part of the
−Removed: company-owned variable universal life insurance policies, are designed to mitigate, but not eliminate, this risk with offsetting gains and losses.
+Added: The investments in mutual funds, as part of the company-owned variable universal life insurance policies, are designed to mitigate, but not eliminate, this risk with offsetting gains and losses.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
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.