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 third quarter of fiscal 2023, we entered into forward currency contracts in order to hedge a portion of our expected euro-denominated earnings against our reporting currency, the U.S.
−Removed: These currency exchange contracts will mature during fiscal 2023.
+Added: During the first quarter of fiscal 2024, we entered into forward currency contracts in order to hedge a portion of our expected euro-denominated and Mexican peso-denominated earnings against our reporting currency, the U.S.
+Added: These foreign currency exchange contracts will mature during fiscal 2024.
We did not elect hedge accounting for these forward currency contracts;
3 unchanged sentences
We do not use derivative financial instruments for speculative purposes.
−Removed: At December 31, 2022, we held foreign currency forward contracts to buy 13.0 million British pounds sterling;
−Removed: and to sell 150.0 million Mexican pesos, and to sell 16.3 million euros.
+Added: June 30, 2023, we held net foreign currency forward contracts to buy 29.0 million British pounds sterling and 95.5 million Mexican pesos;
+Added: and to sell 7.0 million Singapore dollars and 51.2 million euros.
We are dependent on basic raw materials, sub-assemblies, components, and other supplies used in our operations.
3 unchanged sentences
We may also enter into commodity swap contracts to hedge price changes in a certain commodity that impacts raw materials included in our Cost of revenues.
−Removed: At December 31, 2022, we held commodity swap contracts to buy 200.4 thousand pounds of nickel.
+Added: At June 30, 2023, we held commodity swap contracts to buy 564.8 thousand pounds of nickel.
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.