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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-03-01 compared with 2022-02-22 · 1 added, 1 removed, 23 unchanged (8% of the section changed)
2 unchanged sentences
Our financial results are affected by changes in foreign exchange rates and economic conditions in foreign countries in which we operate.
−Removed: Our primary overseas markets are in Europe and Asia, thus exposing us to exchange rate risk from fluctuations in the euro, the Chinese renminbi and certain other currencies.
+Added: Our primary overseas markets are in Europe and Asia, thus exposing us to exchange rate risk from fluctuations in the euro, the Chinese renminbi, British pound, Korean won and certain other currencies.
We seek to mitigate exposure to variability in currency exchange rates, when possible, through the use of natural hedges, whereby purchases and sales in the same foreign currency and with similar maturity dates offset one another.
19 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.