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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-02-28 compared with 2022-02-28 · 1 added, 1 removed, 29 unchanged (6% of the section changed)
28 unchanged sentences
See Note 12 to the consolidated financial statements.
−Removed: Holding all other variables constant, if there were a 10% increase in foreign-currency exchange rates for the portfolio, the fair market value of foreign-currency contracts outstanding at December 31, 2021 would decrease by approximately $28 million and at December 31, 2020 would decrease by approximately $99 million, which would be largely offset by an offsetting loss or gain on the foreign-currency fluctuation of the underlying exposure being hedged.
+Added: Holding all other variables constant, if there were a 10% increase in foreign-currency exchange rates for the portfolio, the fair market value of foreign-currency contracts outstanding at December 31, 2022 would increase by approximately $83 million and at December 31, 2021 would decrease by approximately $28 million, which would be largely offset by an offsetting loss or gain on the foreign-currency fluctuation of the underlying exposure being hedged.
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.