What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2021-05-12 compared with 2020-05-27 · 1 added, 3 removed, 30 unchanged (12% of the section changed)

25 unchanged sentences

The adverse effect as of March 31, 2021 and 2020 is after consideration of the offsetting effect of approximately $12.4 million and $5.2 million, respectively, from open foreign exchange contracts in place as of March 31, 2021 and 2020.

Logitech International S.A.

| Fiscal 2020 Form 10-K | 61

We enter into cash flow hedge contracts to protect against exchange rate exposure of forecasted inventory purchases.

These hedging contracts mature within four months.

These hedging contracts mature within five months.

Gains and losses in the fair value of the effective portion of the hedges are deferred as a component of accumulated other comprehensive loss until the hedged inventory purchases are sold, at which time the gains or losses are reclassified to cost of goods sold.

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.