5 unchanged sentences
The following table summarizes the analysis performed as of the dates indicated (in thousands):
−Removed: September 30, 2020 December 31, 2019
+Added: March 31, 2021 December 31, 2020
Principal Change in Principal Change in
4 unchanged sentences
Our variable rate debt, including our unsecured revolving credit facility and commercial paper program, is reflected at fair value.
−Removed: At September 30, 2020, we had $2,318,914,000 outstanding related to our variable rate debt.
+Added: At March 31, 2021, we had $2,304,903,000 outstanding related to our variable rate debt.
Assuming no changes in outstanding balances, a 1% increase in interest rates would result in increased annual interest expense of $23,050,000.
At December 31, 2020, we had $2,241,909,000 outstanding under our variable rate debt.
−Removed: Assuming no changes in outst an ding balances, a 1% increase in interest rates would have resulted in increased annual interest expense of $34,706,000.
+Added: Assuming no changes in outstanding balances, a 1% increase in interest rates would have resulted in increased annual interest expense of $22,420,000.
We are subject to currency fluctuations that may, from time to time, affect our financial condition and results of operations.
1 unchanged sentence
Dollar impact the amount of net income we earn from our investments in Canada and the United Kingdom.
−Removed: Based solely on our results for the three months ended September 30, 2020, including the impact of existing hedging arrangements, if these exchange rates were to increase or decrease by 10%, our net income from these investments would increase or decrease, as applicable, by less than $5,000,000.
+Added: Based solely on our results for the three months ended March 31, 2021, including the impact of existing hedging arrangements, if these exchange rates were to increase or decrease by 10%, our net income from these investments would increase or decrease, as applicable, by less than $2,000,000.
We will continue to mitigate these underlying foreign currency exposures with non-U.S.
4 unchanged sentences
The following table summarizes the results of the analysis performed (dollars in thousands):
−Removed: September 30, 2020 December 31, 2019
+Added: March 31, 2021 December 31, 2020
Carrying Change in Carrying Change in
Value fair value Value fair value
−Removed: Foreign currency forward contracts $ 76,244 $ 11,786 $ 26,767 $ 12,136
+Added: Foreign currency exchange contracts $ 84,219 $ 12,367 $ 61,851 $ 12,731
Debt designated as hedges 1,647,220 16,472 1,630,542 16,305
2 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.