3 unchanged sentences
Fluctuations in the currency exchange rates of currency exposures that are unhedged, such as in certain emerging markets, may result in future earnings and cash flow volatility.
−Removed: The gross notional amount of all currency exchange rate derivative instruments outstanding at July 28, 2023 and April 28, 2023 was $22.9 billion and $22.0 billion, respectively.
−Removed: At July 28, 2023, these contracts were in a net unrealized gain position of $91 million.
+Added: The gross notional amount of all currency exchange rate derivative instruments outstanding at October 27, 2023 and April 28, 2023 was $21.3 billion and $22.0 billion, respectively.
+Added: At October 27, 2023, these contracts were in a net unrealized gain position of $662 million.
Additional information regarding our currency exchange rate derivative instruments is included in Note 8 to the current period's consolidated financial statements.
−Removed: A sensitivity analysis of changes in the fair value of all currency exchange rate derivative contracts at July 28, 2023 indicates that, if the U.S.
+Added: A sensitivity analysis of changes in the fair value of all currency exchange rate derivative contracts at October 27, 2023 indicates that, if the U.S.
dollar uniformly strengthened/weakened by 10 percent against all currencies, the fair value of these contracts would increase/decrease by approximately $1.6 billion.
4 unchanged sentences
We manage interest rate risk in the aggregate, while focusing on our immediate and intermediate liquidity needs.
−Removed: Our debt portfolio at July 28, 2023 was comprised of debt predominantly denominated in U.S.
+Added: Our debt portfolio at October 27, 2023 was comprised of debt predominantly denominated in U.S.
dollars and Euros, of which substantially all is fixed rate debt.
We are also exposed to interest rate changes affecting our investments in interest rate sensitive instruments, which include our marketable debt securities.
−Removed: A sensitivity analysis of the impact on our interest rate-sensitive financial instruments of a hypothetical 50 basis point change in interest rates, as compared to interest rates at July 28, 2023, indicates that the fair value of these instruments would correspondingly change by $61 million.
+Added: A sensitivity analysis of the impact on our interest rate-sensitive financial instruments of a hypothetical 50 basis point change in interest rates, as compared to interest rates at October 27, 2023, indicates that the fair value of these instruments would correspondingly change by $57 million.
For a discussion of current market conditions and the impact on our financial condition and results of operations, please see the “Liquidity” section of the current period's Management's Discussion and Analysis.
1 unchanged sentence
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.