7 unchanged sentences
Net Investment and Fair Value Hedging
−Removed: On November 17, 2022, we executed foreign cross-currency swaps as net investment hedges and fair value hedges in designated hedging relationships with either the foreign denominated net asset balances or the foreign denominated intercompany loan as the hedged items.
+Added: We enter into foreign cross-currency swaps as net investment hedges and fair value hedges in designated hedging relationships with either the foreign denominated net asset balances or the foreign denominated intercompany loans as the hedged items.
All derivatives are recorded at fair value as either an asset or liability.
5 unchanged sentences
Any difference between the change in the fair value of the hedge components excluded from the assessment of effectiveness and the amounts recognized in earnings is recorded as a component of other comprehensive income.
−Removed: The purpose of the cross-currency swaps for the net investment hedge is to mitigate foreign currency risk associated with changes in spot rates on the net asset balances of our foreign functional subsidiaries.
+Added: The purpose of the cross-currency swaps for net investment hedges is to mitigate foreign currency risk associated with changes in spot rates on the net asset balances of our foreign functional subsidiaries.
For net investment hedges that qualify and are designated for hedge accounting, the change in fair value of the derivative is recorded in cumulative translation adjustment within other comprehensive loss and reclassified into earnings when the hedged net investment is either sold or substantially liquidated.
The initial fair value of components excluded from the assessment of hedge effectiveness will be recognized in interest (expense) income, net.
−Removed: The notional value of outstanding foreign cross-currency swaps was $1,124.9 million and $1,128.3 million at December 31, 2025 and June 30, 2025, respectively.
−Removed: These contracts mature at various dates prior to December 31, 2029.
+Added: The notional value of outstanding foreign cross-currency swaps was $3,430.5 million and $1,128.3 million at March 31, 2026 and June 30, 2025, respectively.
+Added: These contracts mature at various dates prior to January 31, 2036.
Non-Designated Hedges
7 unchanged sentences
All movements in the fair value of the foreign currency instruments are recorded within other, net in our condensed consolidated statements of operations.
−Removed: The notional value of the outstanding non-designated hedges was $1,794.0 million and $1,410.2 million at December 31, 2025 and June 30, 2025, respectively.
+Added: The notional value of the outstanding non-designated hedges was $1,318.8 million and $1,410.2 million at March 31, 2026 and June 30, 2025, respectively.
These contracts mature at various dates prior to September 15, 2026.
4 unchanged sentences
The table below provides information (in U.S.
−Removed: dollars) on our foreign currency denominated operating assets and liabilities and after considering our foreign currency hedging activities as of December 31, 2025 (in thousands):
+Added: dollars) on our foreign currency denominated operating assets and liabilities and after considering our foreign currency hedging activities as of March 31, 2026 (in thousands):
(EUR) Canadian
8 unchanged sentences
Net Total — 4,106 (3,182) —
+Added: EURO Functional:
+Added: Net Assets/(Liabilities) — 4,106 (3,183) —
+Added: Foreign Currency Hedges 26,083 — — —
+Added: Net Total 26,083 4,106 (3,183) —
SGD Functional:
7 unchanged sentences
dollar equivalents.
−Removed: The table summarizes information on instruments and transactions that are sensitive to foreign currency exchange rates, including foreign currency call options, collars, forward contracts and cross-currency swaps held at December 31, 2025.
+Added: The table summarizes information on instruments and transactions that are sensitive to foreign currency exchange rates, including foreign currency call options, collars, forward contracts and cross-currency swaps held at March 31, 2026.
The table presents the notional amounts and weighted average exchange rates by contractual maturity dates for our foreign currency derivative financial instruments, including the forward contracts used to hedge our foreign currency denominated assets and liabilities.
1 unchanged sentence
Fair Value Assets / (Liabilities)
−Removed: Total December 31,
+Added: Total March 31,
2026 June 30,
12 unchanged sentences
Contract amount 2,326,558 (27,446) —
+Added: contractual exchange rate USD 1 = SGD 1.2744
+Added: Contract amount 35,828 1,252 370
contractual exchange rate CAD 1 = USD 0.7416
1 unchanged sentence
We are exposed to risk associated with changes in interest rates affecting the return on our cash and cash equivalents and debt.
−Removed: At December 31, 2025, we held cash and cash equivalents of $1,417.1 million, principally comprised of bank term deposits and at-call accounts, and are invested at both short-term fixed interest rates and variable interest rates.
−Removed: At December 31, 2025, there was $165.0 million outstanding under the Revolving Credit Agreement and Term Credit Agreement, which are subject to variable interest rates.
−Removed: A hypothetical 10% change in interest rates during the three months ended December 31, 2025, would not have had a material impact on pretax income.
+Added: At March 31, 2026, we held cash and cash equivalents of $1,660.5 million, principally comprised of bank term deposits, at-call accounts, and money market accounts, and are invested at both short-term fixed interest rates and variable interest rates.
+Added: At March 31, 2026, there was $165.0 million outstanding under the Revolving Credit Agreement and Term Credit Agreement, which are subject to variable interest rates.
+Added: A hypothetical 10% change in interest rates during the three months ended March 31, 2026, would not have had a material impact on pretax income.
We have no interest rate hedging agreements.
4 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.