7 unchanged sentences
Such pricing pressure has caused, and could continue to cause, some of our customers to ask for discounted prices, delay purchasing decisions, consider moving to in-sourcing supply of components or migrating to lower cost alternatives.
−Removed: Dollar may result in our products becoming more attractively priced on a U.S.
−Removed: Dollar basis compared to our competitors.
In addition, because our business is global and some payments may be made in local currency, fluctuations in foreign currency exchange rates can impact our revenues and expenses and/or the profitability in U.S.
1 unchanged sentence
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, and net investments in foreign subsidiaries.
−Removed: We generally hedge portions of forecasted foreign currency exposure, typically for one to three months.
+Added: We may hedge portions of forecasted foreign currency exposure, typically for one to three months.
In addition, we hold a cross-currency swap between the Euro and U.S.
3 unchanged sentences
Dollars to settle this obligation.
−Removed: However, we may choose not to hedge certain foreign exchange exposures for a variety of reasons including, but not limited to, accounting considerations or the prohibitive economic cost of hedging particular exposures.
+Added: Additionally, we may choose not to hedge certain foreign exchange exposures for a variety of reasons including, but not limited to, accounting considerations, the prohibitive economic cost of hedging particular exposures, or due to natural offsets among the different exposures.
Credit and Counterparty Risk
4 unchanged sentences
Borrowings under our ABL Facility bear interest at floating interest rates.
−Removed: At July 2, 2021, we had no borrowings subject to floating interest rates.
+Added: At December 31, 2021, we had no borrowings subject to floating interest rates.
Borrowings, of the notes to our condensed consolidated financial statements for further information.
3 unchanged sentences
We try to protect against such volatility through various business strategies.
−Removed: During the three months ended July 2, 2021, we did not have any commodity derivative instruments in place to manage our exposure to price changes.
+Added: During the three months ended December 31, 2021, we did not have any commodity derivative instruments in place to manage our exposure to price changes.
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.