4 unchanged sentences
Foreign Currency Exchange Rates
−Removed: Approximately 15.2% of the Company's revenues for the nine months ended September 30, 2021, and approximately 11.0% of the Company's revenue for the nine months ended September 30, 2020, were denominated in currencies other than the U.S.
−Removed: The Company's financial statements are reported in U.S.
−Removed: dollars and, accordingly, fluctuations in exchange rates will affect the translation of revenues and expenses denominated in foreign currencies into U.S.
−Removed: dollars for purposes of reporting the Company's consolidated financial results.
−Removed: In the third quarter of 2021 and the year ended December 31, 2020, the most significant currency exchange rate exposures were to the Canadian dollar, Swiss Franc, Euro and British Pound.
−Removed: Excluding the impacts from any outstanding or future hedging transactions, a hypothetical change of 10% in average exchange rates used to translate all foreign currencies to U.S.
−Removed: dollars would have impacted income before income taxes for the nine months ended September 30, 2021, by approximately $11.5.
−Removed: Gross accumulated currency translation adjustments recorded as a separate component of shareholders’ equity were ($ 114.6 ) and $ 52.4 at September 30, 2021 and 2020, respectively.
+Added: Approximately 15.7% of the Company's revenues for the three months ended March 31, 2022, and approximately 14.0% of the Company's revenue for the three months ended March 31, 2021, were denominated in currencies other than the U.S.
+Added: dollar (USD).
+Added: The Company's financial statements are reported in USD and, accordingly, fluctuations in exchange rates will affect the translation of revenues and expenses denominated in foreign currencies into USD for purposes of reporting the Company's consolidated financial results.
+Added: In the first quarter of 2022 and the year ended December 31, 2021, the most significant currency exchange rate exposures were to the Canadian dollar, Swiss Franc, Euro and British Pound.
+Added: Excluding the impacts from any outstanding or future hedging transactions, a hypothetical change of 10% in average exchange rates used to translate all foreign currencies to USD would have impacted income before income taxes for the three months ended March 31, 2022, by approximately $6.7.
+Added: Gross accumulated currency translation adjustments recorded as a separate component of shareholders’ equity were ($ 74.6 ) and ($ 66.8 ) at March 31, 2022 and 2021, respectively.
The Company does not have significant operations in countries in which the economy is considered to be highly inflationary.
−Removed: The Company earns revenue from service contracts over a period of several months and, in some cases, over a period of several years.
+Added: The Company earns revenue from service contracts over a period of time, ranging from months to years.
Accordingly, exchange rate fluctuations during this period may affect the Company's profitability with respect to such contracts.
1 unchanged sentence
The Company limits its foreign currency transaction risk through exchange rate fluctuation provisions stated in some of its contracts with customers, or it may hedge transaction risk with foreign currency forward contracts.
−Removed: At September 30, 2021, the Company had 29 open foreign exchange forward contracts relating to service contracts with various amounts maturing monthly through October 2021 with a notional value totaling approximately $915.2.
+Added: At March 31, 2022, the Company had 27 open foreign exchange forward contracts relating to service contracts with various amounts maturing monthly through April 2022 with a notional value totaling approximately $711.0.
At December 31, 2021, the Company had 28 open foreign exchange forward contracts relating to service contracts with various amounts maturing monthly through January 2022 with a notional value totaling approximately $600.7.
−Removed: The Company is party to U.S.
−Removed: Dollar to Swiss Franc cross-currency swap agreements with an aggregate notional amount of $ 600.0 , maturing in 2022 and 2025, as a hedge against the impact of foreign exchange movements on its net investment in a Swiss Franc functional currency subsidiary.
+Added: The Company is party to US to Swiss Franc cross-currency swap agreements with an aggregate notional amount of $ 600.0 , maturing in 2022 and 2025, as a hedge against the impact of foreign exchange movements on its net investment in a Swiss Franc functional currency subsidiary.
Interest Rates
3 unchanged sentences
Borrowings under the Company's term loan credit facility, now repaid, and revolving credit facility are subject to variable interest rates, unless fixed through interest rate swaps or other agreements.
−Removed: As of September 30, 2021, and December 31, 2020, the Company had $ 0.0 and $375.0, respectively, of unhedged variable debt from the 2019 term loan credit facility and $0.0 and $0.0, respectively, outstanding on its revolving credit facility.
−Removed: To hedge against changes in the fair value portion of the Company's long-term debt, the Company is party to fixed-to-variable interest rate swap agreements for the 2.70% senior notes due 2031 with an aggregate notional value of $500.0 and variable interest rates based on three-month LIBOR plus 1.0706%.
+Added: In May 2021, to hedge against changes in the fair value portion of the Company's long-term debt, the Company entered into fixed-to-variable interest rate swap agreements for the 2.70% senior notes due 2031 with an aggregate notional value of $500.0 and variable interest rates based on three-month LIBOR plus 1.0706%.
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.