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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-02-16 compared with 2022-02-17 · 0 added, 4 removed, 21 unchanged (16% of the section changed)
20 unchanged sentences
Changes in our portfolio of financial instruments are a function of our results of operations, debt repayments and debt issuances, market effects on debt and foreign currency, and our acquisition and divestiture activities.
−Removed: Effect of Hypothetical 1% Fluctuation in LIBOR:
−Removed: Based on our current variable rate debt balance as of December 25, 2021, a hypothetical 1% increase in LIBOR would have an insignificant impact on our annual interest expense.
−Removed: The Financial Conduct Authority in the United Kingdom will be phasing out the LIBOR rates associated with our outstanding variable rate debt by the end of June 2023.
−Removed: Given our current variable rate debt outstanding, we do not anticipate a significant impact to our annual interest expense as a result of the transition.
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.