What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2021-02-23 compared with 2020-02-20 · 4 added, 1 removed, 20 unchanged (20% of the section changed)

5 unchanged sentences

While these agreements are intended to lessen the impact of rising interest rates, they also expose us to the risks that the other parties to the agreements will not perform, we could incur significant costs associated with the settlement of the agreements, the agreements will be unenforceable and the underlying transactions will fail to qualify as highly effective cash flow hedges under guidance included in ASC 815 "Derivatives and Hedging."

The table below provides information about financial instruments that are sensitive to changes in interest rates, including mortgage obligations, bonds and lines of credit.

The table below provides information about financial instruments that are sensitive to changes in interest rates, including notes, term loans, bonds and lines of credit.

For debt obligations, the table presents scheduled maturities, including annual amortization of principal, and related weighted-average interest rates for the debt maturing in each specified period (dollars in thousands).

2021 2022 2023 2024 2025 Thereafter Total

Fixed rate debt $ — $ — $ 60,000 $ — $ 40,000 $ 500,000 $ 600,000

2 unchanged sentences

Average interest rate (1)

2.45 % 2.52 % 4.00 % 3.21 % — % — % 3.28 %

Total $ 40,966 $ 564,034 $ 760,000 $ 510,000 $ 40,000 $ 500,000 $ 2,415,000

(1) See discussion of our debt under Liquidity and Capital Resources and Derivative Instruments.

8 unchanged sentences

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.