12 unchanged sentences
dollar net balance sheet exposures.
−Removed: As of December 31, 2021, we had forward currency exchange contracts outstanding with a notional value of $313 million to hedge net balance sheet exposures (including $127 million to sell Japanese yen, $82 million to sell British pounds and $42 million to sell euros).
+Added: As of December 31, 2022, we had forward currency exchange contracts outstanding with a notional value of $387 million to hedge net balance sheet exposures (including $118 million to sell Japanese yen, $78 million to sell British pounds and $49 million to buy Chinese yuan).
Similar hedging activities existed at year-end 2021.
15 unchanged sentences
See Note 6 to the financial statements for details of equity and other long-term investments.
−Removed: We also utilize total return swaps to economically hedge exposure to changes in liabilities related to the equity market risks of certain deferred compensation arrangements with employees.
+Added: We also utilize total return swaps to economically hedge exposure to changes in liabilities related to the market risks of certain deferred compensation arrangements with employees.
Gains or losses from changes in the fair value of these total return swaps generally offset the related losses or gains on the deferred compensation liabilities.
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.