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 2024, we held forward foreign currency contracts to hedge a portion of our expected non-U.S.
+Added: During the first quarter of fiscal 2025, we held forward foreign currency contracts to hedge a portion of our expected non-U.S.
dollar-denominated earnings against our reporting currency, the US dollar.
2 unchanged sentences
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
−Removed: 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 (Loss).
−Removed: We also enter into foreign currency forward contracts to hedge monetary assets and liabilities denominated in foreign currencies, including intercompany transactions.
+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.
+Added: We also enter into foreign currency forward contracts to hedge monetary assets and liabilities denominated in foreign currencies, including inter-company transactions.
We do not use derivative financial instruments for speculative purposes.
−Removed: At December 31, 2023, we held net foreign currency forward contracts to buy 42.0 million British pounds sterling;
−Removed: and to sell 49.9 million Mexican pesos, 24.0 million Australian dollars, and 18.1 million euros.
+Added: At June 30, 2024, we held net foreign currency forward contracts to buy 50.0 million British pounds sterling;
+Added: and to sell 100.0 million Mexican pesos, 25.0 million Canadian dollars, 18.2 million euros, and 15.0 million Australian dollars,
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, 2023, we held commodity swap contracts to buy 188.3 thousand pounds of nickel.
+Added: At June 30, 2024, we held commodity swap contracts to buy 591.8 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.