1 unchanged sentence
We are exposed to market risks that may impact our Consolidated Balance Sheets , Consolidated Statements of Comprehensive Income, and Consolidated Statements of Cash Flows due primarily to fluctuations in interest rates, foreign exchange rates, and commodity prices.
−Removed: Our long-term debt as of August 31, 2020 consisted primarily of variable-rate obligations, whereas at May 31, 2021, our variable-rate debt was solely comprised of the $4.0 million industrial revenue bond.
−Removed: We had no borrowings outstanding under the Revolving Credit Facility or the Term Loan Facility as of May 31, 2021.
−Removed: A 10% increase in market interest rates during May 31, 2021, would have resulted in a de minimis amount of additional annual after-tax interest expense.
−Removed: A fluctuation in interest rates would not affect interest expense or cash flows related to the Company’s fixed-rate debt, which includes $500.0 million of senior unsecured notes.
−Removed: A 10% increase in market interest rates at May 31, 2021 would have decreased the estimated fair value of the senior unsecured notes by approximately $9.9 million.
−Removed: Except for the change in our long-term debt from primarily variable to fixed-rate obligations and the broad effects of the COVID-19 pandemic as a result of its impact on the global economy and major financial markets, there have been no other material changes to our exposure from market risks from those disclosed in Part II, Item 7a.
+Added: There have been no material changes to our exposure from market risks from those disclosed in Part II, Item 7a.
Quantitative and Qualitative Disclosures About Market Risk of our Form 10-K.
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.