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Temporary closures of businesses were ordered and numerous other businesses temporarily closed voluntarily.
−Removed: The impact of the global pandemic and response has had a material unfavorable impact on global markets, including commodity, currency and capital markets, and these markets are likely to continue to remain volatile while the situation continues.
+Added: The impact of the global pandemic and response has had a material unfavorable impact on global markets, including commodity, currency and capital markets.
+Added: While some of these markets such as the U.S.
+Added: and other major stock markets and certain currencies have rebounded significantly in the second quarter of 2020, these markets are likely to continue to remain volatile while the situation continues.
An economic or credit crisis could occur and impair credit availability and our ability to raise capital when needed.
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operations and other currency impacts, we cannot fully predict or eliminate volatility arising from changes in currency exchange rates on our consolidated financial results.
−Removed: See Consolidated Results of Operations and Results of Operations by Reportable Segment under Discussion and Analysis of Historical Results for currency exchange effects on our financial results during the three months ended March 31, 2020 .
+Added: See Consolidated Results of Operations and Results of Operations by Reportable Segment under Discussion and Analysis of Historical Results for currency exchange effects on our financial results during the six months ended June 30, 2020 .
Throughout our discussion and analysis of results, we isolate currency impacts and supplementally provide net revenues, operating income and diluted earnings per share on a constant currency basis.
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For more information on our 2020 debt activity, see Note 8, Debt and Borrowing Arrangements .
−Removed: Due to the current uncertainty in the global markets related to the COVID-19 outbreak, as a precautionary measure and to preserve financial flexibility, we increased our credit facility borrowing capacity and cash position by borrowing under some of our credit facilities.
−Removed: Refer to Note 8, Debt and Borrowing Arrangements , for additional
+Added: Due to the current uncertainty in the global markets related to the COVID-19 outbreak, as a precautionary measure and to preserve financial flexibility, we increased our credit facility borrowing capacity.
+Added: Refer to Note 8, Debt and Borrowing Arrangements , for additional details.
As discussed further in Liquidity and Capital Resources , we also continue to utilize other short- and longer-term financing arrangements.
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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.