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, 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.
+Added: As of March 31, 2024 and December 31, 2023, we have 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, 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.
−Removed: As of September 30, 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: As of March 31, 2024 and December 31, 2023, we have 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 December 31, 2023, we held positions in a series of interest rate swaps to mitigate or hedge the adverse fluctuation s in interest rates.
We have not en tered into any derivative financial instruments for speculative purposes.
1 unchanged sentence
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.