6 unchanged sentences
In the normal course of business, we are exposed to foreign currency translation and transaction risks.
−Removed: Our business transactions outside of the United States are denominated in the euro, Malaysian ringgit, Mexican peso, Thai baht and other currencies.
+Added: Our business transactions outside of the U.S.
+Added: are denominated in the Euro, Malaysian ringgit, Mexican peso, Thai baht and other currencies.
We may use foreign currency forwards, swaps and options, where possible, to manage our risk related to certain foreign currency fluctuations.
As of December 31, 2023 and 2022, we held contracts with notional amounts of $78.4 million and $58.3 million to exchange the U.S.
−Removed: dollar, Euro, and Thai baht.
−Removed: We are exposed to market risk from changes in interest rates related to our borrowing under our Revolving Credit Agreement and Receivables Financing Agreement.
−Removed: E xcluding deferred financing costs and third party fees, we had $500 million in borrowings under our Term Loan A, $596 million in borrowings under our Term Loan B, no borrowings under our Revolving Credit Agreement, $96.0 million in borrowings under our Receivables Financing Agreement at December 31, 2022.
−Removed: After considering the effects of an interest rate swap agreement entered into during April 2022, we estimate an increase in interest rates of 100 basis points would result in a potential reduction in future pre-tax earnings of approximately $7.9 million per year based on our borrowings outstanding at December 31, 2022.
−Removed: Due to the nature and pricing of our distribution and delivery services, we are exposed to potential volatility in fuel prices.
+Added: dollar, Euro, Thai baht and other currencies.
+Added: See Note 12 of Notes to Consolidated Financial Statements.
+Added: We are exposed to market risk from changes in interest rates related to our borrowing under our Revolving Credit Agreement and Receivables Financing Agreement, and related to our participation in the RPA.
+Added: Excluding deferred financing costs and third party fees, we had $393 million in borrowings under our Term Loan A, $517 million in borrowings under our Term Loan B, and no borrowings under our Revolving Credit Agreement and under our amended Receivables Financing Agreement at December 31, 2023.
+Added: After considering the effects of our interest rate swap agreement (See Note 12 of Notes to Consolidated Financial Statements), we estimate an increase in interest rates of 100 basis points would result in a potential reduction in future pre-tax earnings of approximately $7.6 million per year based on our borrowings at December 31, 2023 and the maximum aggregate outstanding accounts receivable amount of $200 million under the RPA.
+Added: Due to the nature and pricing of our Products & Healthcare Services segment distribution services, we are exposed to potential volatility in fuel prices.
Our strategies for helping to mitigate our exposure to changing domestic fuel prices have included using trucks with improved fuel efficiency.
2 unchanged sentences
Energy Information Administration.
−Removed: The benchmark averaged $5.01 per gallon for 2022, an increase from $3.29 per gallon in 2021.
−Removed: Based on our fuel consumption in 2022, we estimate that every 10 cents per gallon increase in the benchmark would directly reduce our operating income by approximately $0.4 million on an annualized basis.
+Added: The benchmark averaged $4.20 per gallon for 2023, a decrease from $5.01 per gallon in 2022.
+Added: Based on business activity in 2023, we estimate that every 10 cents per gallon increase in the benchmark would reduce our annual operating income by approximately $0.6 million.
We are also indirectly exposed to increased shipping and freight costs, including container and other third party fees associated with the transportation of our products due to changes in fuel prices.
4 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.