2 unchanged sentences
Other than as noted below, our exposure related to market risk has not changed materially since June 27, 2021.
−Removed: All of the potential changes noted below are based on sensitivity analysis performed on our financial position as of March 28, 2021.
+Added: All of the potential changes noted below are based on sensitivity analysis performed on our financial position as of September 26, 2021.
Actual results may differ materially.
6 unchanged sentences
Market changes reflect immediate hypothetical parallel shifts in the yield curve of plus or minus 50 basis points (“BPS”), 100 BPS, and 150 BPS with a minimum interest rate of zero BPS.
−Removed: The hypothetical fair values as of March 28, 2021, were as follows:
+Added: The hypothetical fair values as of September 26, 2021, were as follows:
Valuation of Securities
1 unchanged sentence
Decrease of X Basis Points Fair Value
−Removed: March 28, 2021 Valuation of Securities
+Added: September 26, 2021 Valuation of Securities
Given an Interest Rate
3 unchanged sentences
Treasury and agencies $ 1,855 $ 1,855 $ 1,855 $ 1,849 $ 1,835 $ 1,821 $ 1,807
−Removed: Government-sponsored enterprises 3,523 3,523 3,523 3,512 3,480 3,448 3,415
Foreign government bonds 15,169 15,169 15,169 15,133 15,079 15,025 14,971
Corporate notes and bonds 538,813 538,771 538,501 536,383 533,707 531,031 528,355
−Removed: Mortgage backed securities - residential 6,446 6,419 6,393 6,353 6,293 6,233 6,172
Mortgage backed securities - commercial 16,289 16,287 16,228 16,107 15,985 15,863 15,741
3 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.