7 unchanged sentences
government bonds and short term deposits are subject to market risk due to changes in interest rates, which may affect our interest income and fair market value of our investments.
−Removed: To minimize this risk, we invest in highly liquid short term U.S.
−Removed: government bonds and in institutional investors money market funds, which consist of high-grade securities.
+Added: To minimize this risk, we invest in institutional investors money market funds, which consist of high-grade securities.
Our short term deposits are redeemable upon demand and held in banks domiciled in the U.S.
and Europe, as well as in Israel.
−Removed: As of September 28, 2024 and December 30, 2023, our investment in money market funds was $934 million and $932 million, respectively;
−Removed: government bonds were $20 million and $0 million, respectively;
−Removed: and our short term deposits were $294 million and $222 million, respectively.
+Added: As of March 29, 2025 and December 28, 2024, our investment in money market funds was $996 million and $951 million, respectively;
+Added: government bonds were $44 million and $33 million, respectively and our short term deposits were $445 million and $419 million, respectively.
The primary objectives of our investments in money market funds, U.S.
8 unchanged sentences
We also have expenses in other currencies, in particular the Euro, the Chinese Yuan, and the Japanese Yen, although to a much lesser extent.
−Removed: We have attempted to minimize foreign currency risk, primarily by entering into a hedging services agreement with Intel during 2021.
−Removed: Intel centrally hedges its forecast cash flow exposure to the U.S.
−Removed: dollar / New Israeli Shekel exchange rates, and according to the agreement, we have been entitled to a certain allocation of the gains and losses arising from the execution of the hedging contracts.
−Removed: During the fourth quarter of 2022, we de-designated the remaining cash flow hedges for forecasted operating expenses denominated in ILS and will no longer be participating in Intel’s corporate hedging program.
−Removed: We plan to reassess what, if any, hedging arrangements we will have in subsequent fiscal years.
+Added: During the fourth quarter of 2024 we initiated a foreign currency cash flow hedging program, designed to hedge the Company's foreign exchange rate risk, resulting mainly from ILS payroll expenses.
+Added: The Company hedges portions of its forecasted payroll payments denominated in ILS using forward contracts that are designated as cash flow hedges, as defined by ASC 815.
If the New Israeli Shekel had strengthened by 10% against the U.S.
−Removed: dollar, it would have decreased our cash flows by approximately $51 million in the nine months ended September 28, 2024.
+Added: dollar, it would have decreased our cash flows by approximately $11 million in the three months ended March 29, 2025.
If the New Israeli Shekel had strengthened by 10% against the U.S.
−Removed: dollar, it would have decreased our cash flows by approximately $29 million in the nine months ended September 30, 2023.
−Removed: This exposure to U.S.
−Removed: dollar / New Israeli Shekel exchange rates in comparative period results from the second and third quarters of 2023, since in the first quarter of 2023 we were still affected by the hedging program with Intel and therefore the effect of the exchange rates would not have had a material impact on our cash flows.
+Added: dollar, it would have decreased our cash flows by approximately $17 million in the three months ended March 30, 2024.
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.