8 unchanged sentences
However, a 10% increase in market interest rates at August 31, 2023 would have decreased the estimated fair value of our senior unsecured notes by approximately $14.2 million.
−Removed: Additionally, as of August 31, 2022, we had $18.0 million of borrowings outstanding on our credit facility.
−Removed: Interest incurred on these borrowings is not significant to our overall results of operations.
+Added: As of August 31, 2023, we had no borrowings outstanding on our credit facility.
+Added: Interest incurred on these borrowings is not significant to our overall results of operations or cash flows.
See the Debt and Lines of Credit footnote of the Notes to Consolidated Financial Statements contained in this Form 10-K for additional information.
2 unchanged sentences
However, exposure with respect to foreign exchange rate fluctuation exists due to our operations in Mexico and Canada, where a significant portion of products sold are produced or sourced from the United States, and, to a lesser extent, in Europe.
−Removed: Based on fiscal 2022 performance, a hypothetical decline in the value of the Canadian dollar in relation to the U.S.
−Removed: dollar of 10% would negatively impact operating profit by approximately $13 million, while a hypothetical appreciation of 10% in the value of the Canadian dollar in relation to the U.S.
+Added: Based on fiscal 2023 performance, a hypothetical depreciation of 10% in the value of the Canadian dollar in relation to the U.S.
+Added: dollar would negatively impact operating profit by approximately $11.9 million, while a hypothetical 10% appreciation in the value of the Canadian dollar in relation to the U.S.
dollar would favorably impact operating profit by approximately $14.5 million.
1 unchanged sentence
A hypothetical 10% decrease in the value of the Mexican peso in relation to the U.S.
−Removed: dollar would favorably impact operating profit by approximately $15 million, while a hypothetical increase of 10% in the value of the Mexican peso in relation to the U.S.
−Removed: dollar would negatively impact operating profits by approximately $18 million.
+Added: dollar would favorably impact operating profit by approximately $19.4 million, while a hypothetical 10% increase in the value of the Mexican peso in relation to the U.S.
+Added: dollar would negatively impact operating profit by approximately $23.7 million.
The individual impacts to the operating profit of hypothetical currency fluctuations in the Canadian dollar and Mexican peso have been calculated in isolation from any potential responses to address such exchange rate changes in our foreign markets.
1 unchanged sentence
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.