2 unchanged sentences
We transact business globally in multiple currencies and hence have foreign currency risks related to our revenue, costs of revenue, operating expenses and localized subsidiary debt denominated in currencies other than the U.S.
−Removed: dollar (primarily the Chinese yuan, euro, South Korean won and pound sterling in relation to our current year operations).
+Added: dollar (primarily the Chinese yuan, euro, Australian dollar and Canadian dollar in relation to our current year operations).
In general, we are a net receiver of currencies other than the U.S.
5 unchanged sentences
These changes were applied to our total monetary assets and liabilities denominated in currencies other than our local currencies at the balance sheet date to compute the impact these changes would have had on our net income before income taxes.
−Removed: These changes would have resulted in a gain or loss of $56 million at September 30, 2022 and $277 million at December 31, 2021, assuming no foreign currency hedging.
−Removed: Interest Rate Risk
−Removed: We are exposed to interest rate risk on our borrowings that bear interest at floating rates.
−Removed: Pursuant to our risk management policies, in certain cases, we utilized derivative instruments to manage some of this risk.
−Removed: We do not enter into derivative instruments for trading or speculative purposes.
−Removed: A hypothetical 10% change in interest rates on our floating rate debt would have increased or decreased our interest expense by an immaterial amount for the nine months ended September 30, 2022 and 2021, respectively.
+Added: These changes would have resulted in a gain or loss of $435 million at March 31, 2023 and $473 million at December 31, 2022, assuming no foreign currency hedging.
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.