1 unchanged sentence
Foreign Currency Risk
−Removed: 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, pound sterling and Norwegian krone in relation to our current year operations).
+Added: We transact business globally in multiple currencies and hence have foreign currency risks related to our revenue, costs of revenue and operating expenses denominated in currencies other than the U.S.
+Added: dollar (primarily the Chinese yuan and euro in relation to our current year operations).
In general, we are a net receiver of currencies other than the U.S.
dollar for our foreign subsidiaries.
−Removed: Accordingly, changes in exchange rates affect our revenue and other operating results as expressed in U.S.
+Added: Accordingly, changes in exchange rates affect our operating results as expressed in U.S.
dollars as we do not typically hedge foreign currency risk.
2 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 $473 million at December 31, 2022 and $277 million at December 31, 2021, assuming no foreign currency hedging.
+Added: These changes would have resulted in a gain or loss of $1.01 billion at December 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.