7 unchanged sentences
dollars, a 10% change in any foreign currency exchange rates would not have a material impact to our financial condition or results of operations.
−Removed: SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
Interest Rate Risk
Debt obligations.
−Removed: Our financial risk management objective is to reduce variability in earnings from changes in interest rates, which we may manage through operational means or the use of financial instruments, such as interest rate swaps.
+Added: Our financial risk management objective is to reduce the negative impact to earnings from changes in interest rates, which we may manage through operational means or the use of financial instruments, such as interest rate swaps.
We have approximately $1.7 billion of variable rate debt.
2 unchanged sentences
We regularly evaluate our outstanding debt and swap agreements to meet our risk management objective.
−Removed: A hypothetical 50 basis points (bps) change to interest rates would not materially change our results of operations or cash flows.
−Removed: For additional information related to our debt and interest rate swap agreements, see Note 11 and Note 12, respectively, to the consolidated financial statements contained in this report.
+Added: A hypothetical 50 basis points ("bps") change to interest rates would have a net impact of $5 million on our results of operations or cash flows.
+Added: For additional information related to our debt and interest rate swap agreements, see Note 12—Debt Obligations and Note 13—Derivative Instruments Designated as Cash Flow Hedges, respectively, to the consolidated financial statements contained in this report.
+Added: SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
As of February 2, 2024, the fair value of our fixed interest rate swaps was $15 million (asset).
3 unchanged sentences
We do not hold or issue derivative financial instruments for trading or speculative purposes.
−Removed: For additional information related to calculating the fair value of our interest rate swaps, see Note 12 to the consolidated financial statements included in this report.
+Added: For additional information related to calculating the fair value of our interest rate swaps, see Note 13—Derivative Instruments Designated as Cash Flow Hedges to the consolidated financial statements included in this report.
Cash equivalents.
1 unchanged sentence
Inflation Risk
−Removed: For each of the most recent three fiscal years ended February 3, 2023, inflation has not had a significant impact on revenues or costs.
+Added: For each of the most recent three fiscal years ended February 2, 2024, inflation has not had a significant impact on our revenues or costs.
Approximately 61% of our revenues for fiscal 2024 were derived from cost-reimbursement type contracts, which have limited inflation risk because our contracts generally entail the provision of labor on a reimbursable basis, and, when materials are acquired, they provide for billing to the customer during the period in which the materials were received.
7 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.