20 unchanged sentences
That increase or decrease in expected functional currency cash flows is a foreign exchange transaction gain or loss that is included in our operating income in the Consolidated Statements of Operatio ns.
−Removed: In 2021, we recorded approximately $1.7 million of net foreign currency transaction losses.
−Removed: In 2020, we recorded approximately $7.9 million of net foreign currency transaction gains.
+Added: In 2022 and 2021, we recorded approximately $2.8 million and $1.7 million, respectively, of net foreign currency transaction losses.
Generally, the currency in which we sell our products is the same as the currency in which we incur the costs to manufacture our products, resulting in a natural hedge.
3 unchanged sentences
Our exposure to currency rate fluctuations primarily relates to exchange rate movements between the U.S.
−Removed: dollar and the euro, Canadian dollar, Hong Kong dollar, Chinese yuan, Mexican peso, Australian dollar, British pound, and Indian rupee.
+Added: dollar and the euro, Canadian dollar, Hong Kong dollar, Chinese yuan, Mexican peso, Australian dollar, British pound, Indian rupee, and Swiss franc.
Commodity Price Risk
30 unchanged sentences
Average interest rate 3.375 %
−Removed: €300.0 million fixed-rate senior subordinated notes due 2031 $ — 340,860 $ 340,860 $ 350,080
−Removed: Average interest rate 3.375 %
Total $ 1,174,140 $ 1,046,252
8 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.