1 unchanged sentence
Our cash and cash equivalents are held primarily in certificates of deposit and money market investment funds.
−Removed: In the second quarter of 2019, we entered into an interest rate swap and cross-currency swap for hedging purposes.
−Removed: Refer to details noted below (see Note 20).
−Removed: Additionally, as of December 31, 2021, our borrowings were under a revolving loan bearing interest at a fluctuating rate as defined by the Credit Agreement plus an applicable rate.
+Added: In 2019, we entered into an interest rate swap and cross-currency swap for hedging purposes.
+Added: Refer to details noted below (see Note 20, Derivative Instruments and Hedging Activities).
+Added: Additionally, as of December 31, 2022, our borrowings were under a revolving loan bearing interest at a fluctuating rate as defined by the Credit Agreement plus an applicable rate (see Note 8, Revolving Loan).
The applicable rate is based upon our consolidated net leverage ratio, as defined in the Credit Agreement.
5 unchanged sentences
Interest Rate Risk
−Removed: We have exposure to market risk for changes in interest rates, including the interest rate relating to our credit agreement dated June 27, 2018.
−Removed: In the second quarter of 2019, we began to manage our interest rate exposure through the use of derivative instruments.
+Added: We have exposure to market risk for changes in interest rates, including the interest rate relating to our credit agreement dated July 27, 2022 (see Note 8, Revolving Loan).
+Added: In 2019, we began to manage our interest rate exposure through the use of derivative instruments.
All of our derivative instruments are utilized for risk management purposes, and are not used for trading or speculative purposes.
2 unchanged sentences
Foreign Currency Exchange Risk
−Removed: The financial condition and results of operations of our foreign subsidiaries are reported in Euros, Canadian Dollars, Malaysian Ringgits, Singapore Dollars, Australian Dollars, and Philippine Pesos and then translated into U.S.
+Added: The financial condition and results of operations of our foreign subsidiaries are reported in local currencies and then translated into U.S.
dollars at the applicable currency exchange rate for inclusion in our consolidated financial statements.
Therefore, we are exposed to foreign currency exchange risk related to these currencies.
−Removed: Specifically, we are exposed to changes in exchange rates between the U.S.
−Removed: dollar and Euro.
−Removed: In the second quarter of 2019, we entered into a cross-currency swap, with a notional amount of $108,569, which we designated as a hedge of our net investment in Chemogas (see Note 20, "Derivative Instruments and Hedging Activities").
+Added: In 2019, we entered into a cross-currency swap, with a notional amount of $108,569, which we designated as a hedge of our net investment in Chemogas (see Note 20, Derivative Instruments and Hedging Activities).
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.