2 unchanged sentences
Financial Instruments
−Removed: Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, derivatives, marketable securities, accounts receivable and notes receivables.
+Added: Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, derivatives, marketable securities and accounts receivable.
We believe we had no significant concentrations of credit risk as of December 28, 2025.
15 unchanged sentences
During fiscal year 2018, we designated a portion of the 2026 Notes to hedge our investments in certain foreign subsidiaries.
−Removed: Unrealized translation adjustments from a portion of the 2026 Notes were included in the foreign currency
−Removed: translation component of accumulated other comprehensive income (“AOCI”), which offsets translation adjustments on the underlying net assets of foreign subsidiaries.
+Added: Unrealized translation adjustments from a portion of the 2026 Notes were included in the foreign currency translation component of accumulated other comprehensive income (“AOCI”), which offsets translation adjustments on the underlying net assets of foreign subsidiaries.
The cumulative translation gains or losses will remain in AOCI until the foreign subsidiaries are liquidated or sold.
As of December 28, 2025, the total notional amount of the 2026 Notes that was designated to hedge investments in foreign subsidiaries was €498.6 million.
−Removed: The unrealized foreign exchange (gains) losses recorded in AOCI related to the ne t investment hedge were $(31.7) million , $19.5 million and $(34.5) million during the fiscal years 2024, 2023 and 2022, respectively.
+Added: The unrealized foreign exchange losses (gains) recorded in AOCI related to the ne t investment hedge were $67.6 million , $(31.7) million and $19.5 million during the fiscal years 2025, 2024 and 2023, respectively.
We do not expect any material net pre-tax gains or losses to be reclassified from accumulated other comprehensive income (loss) into interest and other expense, net within the next twelve months.
18 unchanged sentences
Our debt portfolio is primarily comprised of fixed interest debt.
−Removed: however, there i s $0.5 million of variable rate instruments.
Our cash and cash equivalents, for which we receive interest at variable rates, were $919.9 million at December 28, 2025.
−Removed: Fluctuations in interest rates can therefore have a direct impact on both our short-term cash flows, as they relate to interest, and our earnings.
+Added: Fluctuations in interest rates can therefore have a direct impact on both our short-term cash flows, as they relate to interest income, and our earnings.
To manage the volatility relating to these exposures, we periodically enter into various derivative transactions pursuant to our policies to hedge against known or forecasted interest rate exposures.
However, no such instruments are outstanding at December 28, 2025.
−Removed: Interest Rate Risk—Sensitivity .
−Removed: Our current earnings exposure for changes in interest rates can be summarized as follows:
−Removed: Changes in interest rates can cause our interest expense and cash flows to fluctuate to the extent we have borrowing outstanding on our revolving credit facility.
−Removed: Changes in interest rates can cause our interest income and cash flows to fluctuate.
We believe that we do not have any material exposure of interest rate risk.
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.