−Removed: Quantitative and Qualitative Disclosures
−Removed: About Market Risk.
+Added: Quantitative and Qualitative Disclosures About Market Risk.
We are exposed to various market risks, including
46 unchanged sentences
immediately in cost of goods sold.
−Removed: We recognized net gains of $21.6 million, $14.8 million and $0.6 million related to the change in the
−Removed: fair values of these contracts for the years ended December 31, 2021, 2020 and 2019, respectively.
−Removed: At December 31, 2021, we prepared a sensitivity
−Removed: analysis to estimate our exposure to ethanol and corn.
+Added: We recognized net gains of $19.3 million, $21.6 million and $14.8 million related to the change in
+Added: the fair values of these contracts for the years ended December 31, 2022, 2021 and 2020, respectively.
+Added: We prepared a sensitivity analysis as of December
+Added: 31, 2022 to estimate our exposure to ethanol and corn.
Market risk related to these factors was estimated as the potential change in pre-tax
4 unchanged sentences
2022, which may differ materially from actual results, are as follows (in millions):
−Removed: Unit of Measure
Adverse Change to
3 unchanged sentences
statements, which begin at page F-1 of this report.
−Removed: Changes in and Disagreements with Accountants
−Removed: on Accounting and Financial Disclosure.
+Added: Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
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.