3 unchanged sentences
We do not hold or issue financial instruments for trading purposes and do not enter into derivative transactions that would be considered speculative positions.
−Removed: As of June 30, 2021, the estimated fair value of our long-term debt was approximately $15.50 billion, compared to its contractual value of $14.55 billion.
+Added: As of September 30, 2021, the estimated fair value of our long-term debt was approximately $15.09 billion, compared to its contractual value of $14.65 billion.
The estimated fair value of our long-term debt is based on recent trades, if available, and indicative pricing from market information (level 2 inputs).
1 unchanged sentence
A hypothetical 100 basis point change in LIBOR, HIBOR and the Singapore Swap Offer Rate would cause our annual interest cost on our long-term debt to change by approximately $30 million.
−Removed: Foreign currency transaction losses were $7 million for the six months ended June 30, 2021, primarily due to U.S.
+Added: Foreign currency transaction losses were $22 million for the nine months ended September 30, 2021, primarily due to U.S.
dollar denominated debt issued by SCL and Singapore denominated intercompany debt reported in U.S.
2 unchanged sentences
dollar/pataca exchange rates.
−Removed: Based on balances as of June 30, 2021, a hypothetical 10% weakening of the U.S.
+Added: Based on balances as of September 30, 2021, a hypothetical 10% weakening of the U.S.
dollar/SGD exchange rate would cause a foreign currency transaction loss of approximately $22 million, and a hypothetical 1% weakening of the U.S.
−Removed: dollar/pataca exchange rate would cause a foreign currency transaction loss of approximately $69 million.
+Added: dollar/pataca exchange rate would cause a foreign currency transaction loss of approximately $53 million (net of the impact from the foreign currency swap agreements).
The pataca is pegged to the Hong Kong dollar and the Hong Kong dollar is pegged to the U.S.
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.