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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2023-11-02 compared with 2023-08-03 · 1 added, 2 removed, 19 unchanged (14% of the section changed)
5 unchanged sentences
We are primarily exposed to interest rate risk through our ABL Facility, which bears interest at variable rates.
−Removed: We had $2.0 billion in outstanding principal under the ABL Facility at June 30, 2023.
+Added: We had $1.9 billion in outstanding principal under the ABL Facility at September 30, 2023.
To manage interest rate risk, in January 2023, we executed interest rate swap agreements relating to an aggregate of $750.0 million in notional amount of variable-rate debt under our ABL Facility.
11 unchanged sentences
These exposures are included in currency (gains) losses, net, on the consolidated statements of operations.
−Removed: To date, we have not entered into any hedging arrangements with respect to foreign currency risk.
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.