11 unchanged sentences
As of January 30, 2026, we have approximately $1.6 billion of variable rate debt.
−Removed: The fair value of our outstanding long-term debt obligations approximates its carrying value.
−Removed: In connection with the issuances of our variable rate Term Loan A and Term Loan B Facilities, we entered into fixed interest rate swap agreements, effectively converting a substantial portion of our variable rate debt to fixed rate debt in order to mitigate our exposure to fluctuations in interest rates.
−Removed: 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 have a net impact of $6 million on our results of operations or cash flows.
−Removed: For additional information related to our debt and interest rate swap agreements, see Note 11—Debt Obligations and Note 12—Derivative Instruments Designated as Cash Flow Hedges, respectively, to the consolidated financial statements contained in this report.
−Removed: As of January 31, 2025, the fair value of our fixed interest rate swaps asset was $6 million.
−Removed: Under the swap agreements, we pay a fixed rate and the counterparties to the agreements pay a floating interest rate based on 1-month Term SOFR.
−Removed: A hypothetical 50 bps change in the 1-month Term SOFR curve would change the fair value of the fixed interest rate swaps up to $2 million.
−Removed: Since the interest rate swaps are accounted for as cash flow hedges, the change in fair value is reported as a component of equity (accumulated other comprehensive income or loss).
−Removed: 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—Derivative Instruments Designated as Cash Flow Hedges to the consolidated financial statements included in this report.
+Added: The fair value of our outstanding long-term debt obligations approximates their carrying value.
+Added: We regularly evaluate our outstanding debt agreements to meet our risk management objective.
+Added: A hypothetical 50 basis points ("bps") change to interest rates would have a net impact of $8 million on our results of operations and cash flows.
+Added: For additional information related to our debt agreements, see Note 11—Debt Obligations to the consolidated financial statements contained in this report.
Cash equivalents.
4 unchanged sentences
Bids for longer-term FFP and T&M contracts typically include sufficient provisions for labor and other cost escalations to cover anticipated cost increases over the period of performance.
−Removed: As a result, if we were to experience significant levels of inflation, our revenues and costs for cost-type contracts
+Added: As a result, if we were to experience significant levels of inflation, our revenues and costs for cost-type contracts would generally both increase commensurate with inflation and operating income as a percentage of total revenues
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
−Removed: would generally both increase commensurate with inflation and operating income as a percentage of total revenues would not be significantly affected.
+Added: would not be significantly affected.
Operating income as a percentage of total revenues would not be significantly affected for longer-term FFP and T&M contracts to the extent that bid contract cost escalations are sufficient to cover heightened inflation levels.
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.