7 unchanged sentences
To date, we have not entered into any hedging arrangements or other derivative financial instruments, with respect to foreign currency risk.
−Removed: During the six months ended July 31, 2022 and 2021, a hypothetical 10% change in foreign currency exchange rates applicable to our business would not have had a material impact on our condensed consolidated financial statements.
+Added: During the nine months ended October 31, 2022 and 2021, a hypothetical 10% change in foreign currency exchange rates applicable to our business would not have had a material impact on our condensed consolidated financial statements.
Interest Rate Risk
−Removed: We had cash, cash equivalents and short-term investments totaling $2,477.0 million as of July 31, 2022, of which $2,339.0 million was invested in U.S.
+Added: We had cash, cash equivalents and short-term investments totaling $2,473.2 million as of October 31, 2022, of which $2,315.1 million was invested in U.S.
treasury securities, corporate debt securities and money market funds.
7 unchanged sentences
As losses due to changes in interest rates are generally not considered to be credit related changes, no losses in such securities are recognized due to changes in interest rates unless we intend to sell, it is more likely than not that we will be required to sell, we sell prior to maturity, or we otherwise determine that all or a portion of the decline in fair value are due to credit related factors.
−Removed: As of July 31, 2022, a hypothetical 10% relative change in interest rates would not have had a material impact on the value of our cash equivalents or investment portfolio.
+Added: As of October 31, 2022, a hypothetical 10% relative change in interest rates would not have had a material impact on the value of our cash equivalents or investment portfolio.
Fluctuations in the value of our cash equivalents and investment portfolio caused by a change in interest rates (gains or losses on the carrying value) are recorded in other comprehensive income (loss), and are realized only if we sell the underlying securities prior to maturity.
3 unchanged sentences
The Note Hedges were completed to reduce the potential dilution from the conversion of the 2023 Notes.
−Removed: Additionally, through July 31, 2022, we received and completed requests to convert approximately $45.4 million principal amount of 2023 Notes (not in connection with the partial repurchases of the 2023 Notes) and exercised and net-share-settled Note Hedges corresponding to approximately $45.4 million principal amount of 2023 Notes.
−Removed: No requests to convert material amounts of 2023 Notes are currently outstanding.
+Added: Additionally, since issuance through October 31, 2022, we received and completed requests to convert approximately $45.4 million principal amount of 2023 Notes (not in connection with the partial repurchases of the 2023 Notes) and exercised and net-share-settled Note Hedges corresponding to approximately $45.4 million principal amount of 2023 Notes.
In September 2019, we issued the 2025 Notes due September 1, 2025 with a principal amount of $1,060.0 million.
11 unchanged sentences
See Note 5 to our condensed consolidated financial statements for more information.
+Added: Changes in the interest rate environment upon maturity of this fixed rate debt could have an effect on our future cash flows and earnings, depending on whether the debt is replaced with other fixed rate debt, variable rate debt or equity.
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.