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, 2024, the estimated fair value of our long-term debt was approximately $13.30 billion, compared to its contractual value of $13.80 billion.
+Added: As of September 30, 2024, the estimated fair value of our long-term debt was approximately $13.72 billion, compared to its contractual value of $13.95 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).
A hypothetical 100 basis point change in market rates would cause the fair value of our long-term debt to change by $320 million.
−Removed: 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 $27 million.
−Removed: Foreign currency transaction gains were $5 million for the six months ended June 30, 2024, primarily due to U.S.
+Added: A hypothetical 100 basis point change in Secured Overnight Financing Rate (“SOFR”), Hong Kong Inter-Bank Offered Rate (“HIBOR”) and Singapore Overnight Rate Average (“SORA”) would cause our annual interest cost on our long-term debt to change by approximately $29 million.
+Added: Foreign currency transaction gains were $16 million for the nine months ended September 30, 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 June 30, 2024, a hypothetical 10% weakening of the U.S.
−Removed: dollar/SGD exchange rate would cause a foreign currency transaction loss of approximately $46 million , and a hypothetical 1% weakening of the U.S.
+Added: There were no material balances denominated in U.S.
+Added: dollars related to our Singapore operations as of September 30, 2024;
+Added: however, these balances fluctuate to support our operations.
+Added: Based on balances as of September 30, 2024, a hypothetical 1% weakening of the U.S.
dollar/pataca exchange rate would cause a foreign currency transaction loss of approximately $19 million (net of the impact from the foreign currency swap agreements).
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.