2 unchanged sentences
Prices of the commodities underlying these raw materials are volatile and have fluctuated significantly in recent years and in the future may contribute to fluctuations in our results of operations.
−Removed: The ability to hedge these commodity prices is limited.
In the normal course of business, we are exposed to foreign currency translation and transaction risks.
2 unchanged sentences
We are exposed to market risk from changes in interest rates related to our borrowing under our Credit Agreement and Receivables Securitization Program.
−Removed: We had $33.3 million in borrowings under our revolving credit facility, $226 million in borrowings under our Receivables Securitization Program and $11.4 million in letters of credit under the Credit Agreement at June 30, 2021.
−Removed: We estimate an increase in interest rates of 100 basis points would result in a potential reduction in future pre-tax earnings of approximately $2.7 million per year based on our borrowings outstanding at June 30, 2021.
+Added: We had $12.3 million in borrowings under our revolving credit facility, $197 million in
+Added: borrowings under our Receivables Securitization Program and $9.4 million in letters of credit under the Credit Agreement at September 30, 2021.
+Added: We estimate an increase in interest rates of 100 basis points would result in a potential reduction in future pre-tax earnings of approximately $2.2 million per year based on our borrowings outstanding at September 30, 2021.
Due to the nature and pricing of our Global Solutions segment distribution services, we are exposed to potential volatility in fuel prices.
3 unchanged sentences
Energy Information Administration.
−Removed: The benchmark averaged $3.06 and $2.66 per gallon in the first six months of 2021 and 2020.
−Removed: Based on our fuel consumption in the first six months of 2021, we estimate that every 10 cents per gallon increase in the benchmark would reduce our Global Solutions segment operating income by approximately $0.2 million on an annualized basis.
+Added: The benchmark averaged $3.16 and $2.58 per gallon in the first nine months of 2021 and 2020.
+Added: Based on our fuel consumption in the first nine months of 2021, we estimate that every 10 cents per gallon increase in the benchmark would reduce our Global Solutions segment operating income by approximately $0.2 million on an annualized basis.
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.