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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2023-07-19 compared with 2023-04-19 · 2 added, 2 removed, 8 unchanged (33% of the section changed)
4 unchanged sentences
We do not use derivatives for trading or speculative purposes.
−Removed: Using derivatives exposes us to the risk that counterparties to the derivative contracts will fail to meet their contractual obligations.
+Added: Using derivatives exposes us to the credit risk that counterparties to the derivative contracts will fail to meet their contractual obligations.
We manage that risk through careful selection and ongoing evaluation of the counterparty financial institutions based on specific minimum credit standards and other factors.
1 unchanged sentence
No material change has occurred in our market risks since the disclosure contained in our 2022 10-K.
−Removed: Note 14 to the unaudited consolidated financial statements provides a discussion of our foreign currency derivatives and cross currency swaps as of March 31, 2023.
+Added: Note 14 to the unaudited consolidated financial statements provides a discussion of our foreign currency derivatives and cross currency swaps as of June 30, 2023.
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.