27 unchanged sentences
As the majority of our foreign currency contracts have an original maturity date of less than one year, there is no material foreign currency risk.
−Removed: At December 31, 2024, there were no outstanding foreign currency derivative contracts.
+Added: At December 31, 2025, we had outstanding foreign currency derivative contracts with gross notional U.S.
+Added: dollar equivalent amounts of $23.2 million.
Changes in the fair value of all derivatives are recognized immediately in income unless the derivative qualifies as a hedge of future cash flows.
Gains and losses related to a hedge are deferred and recorded in the Consolidated Balance Sheets as a component of Accumulated other comprehensive loss and subsequently recognized in the Consolidated Statements of Operations and Comprehensive Income when the hedged item affects earnings.
−Removed: At December 31, 2024, we had outstanding cross currency swap agreements with a combined notional amount of $728.5 million.
+Added: At December 31, 2025, we had outstanding cross currency swap agreements with a combined notional amount of $1.1 billion.
The cross currency swap agreements are accounted for as either cash flow hedges to hedge foreign currency fluctuations on certain intercompany debt, or as net investment hedges to manage our exposure to fluctuations in the Euro-U.S.
6 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.