2 unchanged sentences
Investment and Interest Rate Risk
−Removed: Our exposure to interest rate and general market risks relates principally to our investment portfolio, which consists of cash and cash equivalents (money market funds and marketable securities purchased with less than ninety days until maturity) that total approximately $566.7 million and marketable securities (U.S.
−Removed: Treasury and government securities, corporate bonds and notes,
−Removed: municipal bonds) that total approximately $408.1 million and $5.2 million within short-term and long-term marketable securities, respectively, as of October 2, 2020.
+Added: Our exposure to interest rate and general market risks relates to our Term Credit Facility, which has variable interest rates, and our investment portfolio.
+Added: As of October 1, 2021, there were $750.0 million of borrowings outstanding under the Term Credit Agreement and a potential change in the associated interest rates would be immaterial to the results of our operations.
+Added: Our investment portfolio consists of cash and cash equivalents (money market funds and marketable securities purchased with less than ninety days until maturity) that total approximately $882.9 million, and marketable securities (U.S.
+Added: Treasury and government securities, corporate bonds and notes, municipal bonds) that total approximately $137.2 million and $7.1 million within short-term and long-term marketable securities, respectively, as of October 1, 2021.
The main objectives of our investment activities are liquidity and preservation of capital.
7 unchanged sentences
A percentage of our international operational expenses are denominated in foreign currencies and exchange rate volatility could positively or negatively impact those operating costs.
−Removed: For the fiscal years ended October 2, 2020, September 27, 2019, and September 28, 2018, we had foreign exchange losses of $5.9 million, $6.2 million, and $5.5 million, respectively.
+Added: For the fiscal years ended October 1, 2021, October 2, 2020, and September 27, 2019, we had foreign exchange losses of $0.5 million, $5.9 million, and $6.2 million, respectively.
Increases in the value of the United States dollar relative to other currencies could make our products more expensive, which could negatively impact our ability to compete.
2 unchanged sentences
However, fluctuations in currency exchange rates could have a greater effect on our business or results of operations in the future to the extent our expenses increasingly become denominated in foreign currencies.
−Removed: We may enter into foreign currency forward and option contracts with financial institutions to protect against foreign exchange risks associated with certain existing assets and liabilities, certain firmly committed transactions, forecasted future cash flows and net investments in foreign subsidiaries.
+Added: We may enter into foreign currency forward and options contracts with financial institutions to protect against foreign exchange risks associated with certain existing assets and liabilities, certain firmly committed transactions, forecasted future cash flows and net investments in foreign subsidiaries.
However, we may choose not to hedge certain foreign exchange exposures for a variety of reasons, including, but not limited to, accounting considerations and the prohibitive economic cost of hedging particular exposures.
−Removed: For the fiscal year ended October 2, 2020, we had no outstanding foreign currency forward or option contracts with financial institutions.
+Added: For the fiscal year ended October 1, 2021, we had no outstanding foreign currency forward or options contracts with financial institutions.
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.