Quantitative and Qualitative Disclosures About Market Risk
−Removed: In the ordinary course of conducting business, we are exposed to certain risks associated with potential changes in market conditions.
−Removed: These market risks include changes in currency exchange rates and interest rates which could affect operating results, financial position and cash flows.
−Removed: We manage our exposure to these market risks through our regular operating and financing activities and, if considered appropriate, we may enter into derivative financial instruments such as forward currency exchange contracts, although we have not done so in 2024 or in recent years.
−Removed: There have been no material changes in our quantitative and qualitative market risks since the disclosure in our Annual Report on Form 10-K for the year ended December 31, 2023.
+Added: We are exposed to changes in interest rates and foreign currency exchange rates because we denominate our transactions in a variety of foreign currencies.
+Added: Changes in these rates may have an impact on future cash flow and earnings.
+Added: We manage these risks through normal operating and financing activities.
+Added: There has been no material change in the foreign currency risk or interest rate risk discussed in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our 2024 Form 10-K.
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.