2 unchanged sentences
The Company operates internationally, and thus is subject to potentially adverse movements in foreign currency exchange rates.
−Removed: Approximately 37% of the Company’s consolidated net sales in fiscal 2023 were made in foreign currencies, including 13% in euro, 5% in British pound sterling, 6% in Chinese yuan, 3% in Canadian dollars, and the remaining 10% in other currencies.
−Removed: The Company is exposed to market risk primarily from foreign exchange rate fluctuations of the euro, British pound sterling, Chinese yuan and Canadian dollar as compared to the U.S.
+Added: Approximately 31% of the Company’s consolidated net sales in fiscal 2024 were made in foreign currencies, including 14% in euro, 4% in British pound sterling, 6% in Chinese yuan, 3% in Canadian dollars, 1% in Swiss francs, and the remaining 3% in other currencies.
+Added: The Company is exposed to market risk primarily from foreign exchange rate fluctuations of the euro, British pound sterling, Chinese yuan, Canadian dollar, and Swiss franc as compared to the U.S.
dollar as the financial position and operating results of the Company’s foreign operations are translated into U.S.
dollars for consolidation.
−Removed: Month-end exchange rates between the euro, British pound sterling, Chinese yuan, Canadian dollar and the U.S.
+Added: Month-end exchange rates between the euro, British pound sterling, Chinese yuan, Canadian dollar, Swiss franc and the U.S.
dollar, which have not been weighted for actual sales volume in the applicable months in the periods, were as follows:
4 unchanged sentences
The Company does not enter into foreign currency forward contracts to reduce its exposure to foreign currency rate changes on forecasted intercompany sales transactions or on intercompany foreign currency denominated balance sheet positions.
−Removed: Foreign currency transaction gains and losses are included in "Other non-operating expense, net"
−Removed: in the Consolidated Statement of Earnings and Comprehensive Income.
+Added: Foreign currency transaction gains and losses are included in "Other non-operating expense, net" in the Consolidated Statement of Earnings and Comprehensive Income.
The effect of translating net assets of foreign subsidiaries into U.S.
−Removed: dollars are recorded on the Consolidated Balance Sheet as part of "Accumulated other comprehensive income (loss)."
+Added: dollars are recorded on the Consolidated Balance Sheet as part of "Accumulated other comprehensive income (loss)."
The effects of a hypothetical simultaneous 10% appreciation in the U.S.
−Removed: dollar from June 30, 2023 levels against the euro, British pound sterling, Chinese yuan and Canadian dollar are as follows (in thousands):
+Added: dollar from June 30, 2024 levels against the euro, British pound sterling, Chinese yuan, Canadian dollar and Swiss francs are as follows (in thousands):
Decrease in translation of earnings of foreign subsidiaries
2 unchanged sentences
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.