9 unchanged sentences
We use foreign currency forward contracts to hedge the price risk associated with firmly committed and forecasted foreign denominated payments and receipts related to our ongoing business and financing.
−Removed: We actively manage foreign currency exposures that are
−Removed: associated with commi tted foreign currency purchases and sales, and other assets and liabilities created in the normal course of business at the operating unit level.
+Added: We actively manage foreign currency exposures that are associated with commi tted foreign currency purchases and sales, and other assets and liabilities created in the normal course of business at the operating unit level.
More than insignificant exposures that cannot be naturally offset within an operating unit are hedged with foreign currency derivatives.
Foreign exchange exposures arising from intercompany loan and deposit transactions are also hedged regularly.
−Removed: The aggregate notional amount of our outstanding foreign currency hedges was $15.8 billion and $11.2 billion at December 31, 2023 and 2022, respectively .
+Added: The present value of aggregate notional principal of our outstanding foreign currency hedges was $17 billion and $16 billion at December 31, 2024 and 2023, respectively .
Foreign currency forward contracts are sensitive to changes in foreign currency exchange rates.
−Removed: A 10% unfavorable exchange rate movement in our portfolio of foreign currency contracts would have resulted in an increase in unrealized losses of $1.0 billion and $0.9 billion at December 31, 2023 and 2022, respectively.
+Added: A 10% unfavorable exchange rate movement in our portfolio of foreign currency contracts would have resulted in an increase in unrealized losses of $1.0 billion at both December 31, 2024 and 2023, respectively.
Such losses or gains would be offset by corresponding gains or losses in the remeasurement of the underlying transactions being hedged.
2 unchanged sentences
However, for our non-U.S.
−Removed: based entities, such as Pratt & Whitney Canada Corp.
−Removed: (P&WC), a substantial portion of their costs are incurred in local currencies.
+Added: based entities, including Pratt & Whitney Canada, a substantial portion of their costs are incurred in local currencies.
Consequently, there is a foreign currency exchange impact and risk to operational results as U.S.
4 unchanged sentences
Dollars will be converted.
−Removed: At P&WC and Collins Aerospace, firm and forecasted sales for both original equipment and spare parts are hedged at varying amounts on the U.S.
+Added: At Pratt & Whitney Canada and Collins Aerospace, firm and forecasted sales for both original equipment and spare parts are hedged at varying amounts on the U.S.
Dollar sales exposure as represented by the excess of U.S.
16 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.