18 unchanged sentences
Since we operate internationally and approximately 30% of our revenues and 20% of our Cost of revenues are generated outside the United States, foreign currency exchange rate fluctuations can significantly impact our financial position, results of operations, and competitive position.
−Removed: We enter into foreign currency forward co ntracts to hedge monetary assets and liabilities denominated in foreign currencies, including intercompany transactions.
+Added: We enter into foreign currency forward contracts to hedge monetary assets and liabilities denominated in foreign currencies, including intercompany transactions.
We do not use derivative financial instruments for speculative purposes.
−Removed: At March 31, 2023, we held foreign currency forward contracts to buy 19.5 million British pounds sterling;
−Removed: and to sell 150.0 million Mexican pesos, and 7.0 million Singapore dollars and 6.0 million euros.
+Added: At March 31, 2024, we held foreign currency forward contracts to buy 48.0 million British pounds sterling and 4.0 million euros;
+Added: and to sell 150.0 million Mexican pesos, and 18.0 million Australian dollars.
COMMODITY RISK
8 unchanged sentences
Where appropriate, we enter into long-term supply contracts as a basis to guarantee a reliable supply.
−Removed: 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.
+Added: We may also enter into commodity swap contracts to hedge price changes in commodities that impact raw materials included in our Cost of revenues.
At March 31, 2024, we held commodity swap contracts to buy 789.0 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.