13 unchanged sentences
As of December 31, 2023, 2022, and 2021 we did not have any outstanding interest rate swap or cap agreements.
−Removed: The interest paid on our credit facility is based on a LIBOR spread.
−Removed: At December 31, 2022, we had no amounts outstanding under the revolving credit facility.
−Removed: Future borrowings under the revolving credit commitment will bear interest at LIBOR plus 1.50%.
+Added: The interest paid on our credit facilities is based on variable reference rates and an interest margin.
+Added: At December 31, 2023, we had no amounts outstanding under our revolving credit facilities.
+Added: dollar borrowings under the revolving credit commitment will bear interest at SOFR plus
Our convertible debt instruments bear interest at a fixed rate, and accordingly are not subject to interest rate fluctuation risks.
25 unchanged sentences
Accordingly, we monitor several important cross-rates.
+Added: Upon completion of the acquisition of Nexperia's Newport wafer fab, we anticipate greater exposure to British sterling, where costs incurred in British sterling are expected to exceed sales
+Added: denominated in British sterling.
+Added: The acquisition price for Nexperia's Newport wafer fab is denominated in U.S.
We have performed sensitivity analyses of our consolidated foreign exchange risk as of December 31, 2023, using a model that measures the change in the values arising from a hypothetical 10% adverse movement in foreign currency exchange rates relative to the U.S.
−Removed: all other variables held constant.
+Added: dollar, with all other
+Added: variables held constant.
The foreign currency exchange rates we used were based on market rates in effect at December 31, 2023.
−Removed: The sensitivity analyses indicated that a hypothetical 10% adverse movement in foreign currency exchange rates would impact our net earnings by approximately $10.0 million at December 31, 2022, although individual line items in our consolidated statement of operations would be materially affected.
−Removed: For example, a 10% weakening in all foreign currencies would
−Removed: decrease the U.S.
+Added: sensitivity analyses indicated that a hypothetical 10% adverse movement in foreign currency exchange rates would impact our net earnings by approximately $15.3 million at December 31, 2023, although individual line items in our consolidated statement of operations would be materially affected.
+Added: For example, a 10% weakening in all foreign currencies would decrease the U.S.
dollar equivalent of operating income generated in foreign currencies, which would be offset by foreign exchange gains of our foreign subsidiaries that have significant transactions in U.S.
dollars or have the U.S.
−Removed: dollar as their
−Removed: functional currency.
+Added: dollar as their functional
A change in the mix of the currencies in which we transact our business could have a material effect on the estimated impact of the hypothetical 10% movement in the
38 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.