5 unchanged sentences
We typically have naturally hedged positions in most countries from a local currency perspective with offsetting assets and liabilities.
−Removed: As of September 30, 2022 and December 31, 2021, we entered into foreign exchange forward contracts in order to mitigate the change in fair value of specific assets and liabilities in the consolidated balance sheet.
+Added: As of March 31, 2023 and December 31, 2022, we entered into foreign exchange forward contracts in order to mitigate the change in fair value of specific assets and liabilities in the consolidated balance sheet.
These forward contracts are not designated as hedges and do not qualify for hedge accounting.
−Removed: As of September 30, 2022 and December 31, 2021, we entered into foreign exchange forward contracts to hedge the effect of adverse fluctuations in foreign exchange rates and cross-currency swap contracts to hedge a portion of our net investment in a foreign subsidiary against volatility in foreign exchange rates.
−Removed: As of September 30, 2022 and December 31, 2022, we entered into a series of interest rate swaps to mitigate or hedge the adverse fluctuations in interest rates.
−Removed: We have not entered into any derivative financial instruments for speculative purposes.
+Added: As of March 31, 2023 and December 31, 2022, we entered into foreign exch ange forward contracts to hedge the effect of adverse fluctuations in foreign exchange rates and held cross-currency swap contracts to hedge a portion of our net investment in a foreign subsidiary against volatility in foreign exchange rates.
+Added: As of March 31, 2023 and December 31, 2022, we held positions in a series of interest rate swaps to mitigate or hedge the adverse fluctuations in interest rates.
+Added: We have not en tered into any derivative financial instruments for speculative purposes.
See Note 5 - Derivative Instruments to the consolidated financial statements of this Form 10-Q for further discussion.
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.