4 unchanged sentences
Fluctuations in currency rates could affect our revenues, cost of revenues and income from operations and could result in currency exchange gains and losses.
−Removed: During the first quarter of fiscal 2022, we entered into forward currency contracts in order to hedge a portion of our expected non-U.S.
+Added: During the second quarter of fiscal 2022, we entered into forward currency contracts in order to hedge a portion of our expected non-U.S.
dollar denominated earnings against our reporting currency, the U.S.
These currency exchange contracts will mature during fiscal 2022.
−Removed: We have executed forward currency contracts to hedge a portion of results denominated in euros, British pounds sterling, Mexican pesos,Canadian dollars and Chinese yuan.
+Added: We have executed forward currency contracts to hedge a portion of results denominated in euros, Mexican pesos and Canadian dollars.
We did not elect hedge accounting for these forward currency contracts;
however, we may seek to apply hedge accounting in future scenarios.
−Removed: As a result, we may experience volatility due to (i) the timing mismatch of unrealized hedge gains or losses versus recognition of the underlying hedged earnings, and (ii) the impact of unrealized and realized hedge gains or losses being reported in selling,
−Removed: general and administrative expenses, whereas the offsetting economic gains and losses of the underlying hedged earnings are reported in the various line items of our Consolidated Statements of Income.
+Added: As a result, we may experience volatility due to (i) the timing mismatch of unrealized hedge gains or losses versus recognition of the underlying hedged earnings, and (ii) the impact of unrealized and realized hedge gains or losses being reported in selling, general and administrative expenses, whereas the offsetting economic gains and losses of the underlying hedged earnings are reported in the various line items of our Consolidated Statements of Income.
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.