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 September 30, 2023, the estimated fair value of our long-term debt was approximately $13.30 billion, compared to its contractual value of $14.26 billion.
+Added: As of March 31, 2024, the estimated fair value of our long-term debt was approximately $13.45 billion, compared to its contractual value of $14.01 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 Secured Overnight Financing Rate (“SOFR”), Hong Kong Inter-Bank Offered Rate (“HIBOR”) and Swap Offer Rate (“SOR”) would cause our annual interest cost on our long-term debt to change by approximately $28 million.
−Removed: Foreign currency transaction losses were $17 million for the nine months ended September 30, 2023, primarily due to U.S.
+Added: Foreign currency transaction losses were $6 million for the three months ended March 31, 2024, primarily due to U.S.
dollar denominated debt issued by SCL.
2 unchanged sentences
dollar/pataca exchange rates.
−Removed: Based on balances as of September 30, 2023, a hypothetical 10% weakening of the U.S.
+Added: Based on balances as of March 31, 2024, a hypothetical 10% weakening of the U.S.
dollar/SGD exchange rate would cause a foreign currency transaction loss of approximately $36 million , and a hypothetical 1% weakening of the U.S.
4 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.