1 unchanged sentence
Foreign Currency Risk
−Removed: We have historically utilized currency forwards and options to hedge currency risk associated with anticipated Australian dollar expenditures.
+Added: The Company has historically utilized currency forwards and options to hedge currency risk associated with anticipated Australian dollar expenditures.
The accounting for these derivatives is discussed in Note 7.
“Derivatives and Fair Value Measurements” to the accompanying unaudited condensed consolidated financial statements.
−Removed: As of September 30, 2020, we had currency options outstanding with an aggregate notional amount of $600.0 million Australian dollars to hedge currency risk associated with anticipated Australian dollar expenditures during the remainder of 2020 and over the first nine months of 2021.
−Removed: Assuming we had no foreign currency hedging instruments in place, our exposure in operating costs and expenses due to a $0.10 change in the Australian dollar/U.S.
+Added: As of March 31, 2021, the Company had currency options outstanding with an aggregate notional amount of $575.0 million Australian dollars to hedge currency risk associated with anticipated Australian dollar expenditures over the nine-month period ending December 31, 2021.
+Added: Assuming the Company had no foreign currency hedging instruments in place, its exposure in operating costs and expenses due to a $0.10 change in the Australian dollar/U.S.
dollar exchange rate is approximately $115 million for the next twelve months.
Based upon the Australian dollar/U.S.
−Removed: dollar exchange rate at September 30, 2020, the currency option contracts outstanding at that date would limit our net exposure to a $0.10 unfavorable change in the exchange rate to approximately $70 million for the next twelve months.
+Added: dollar exchange rate at March 31, 2021, the currency option contracts outstanding at that date would limit the Company’s net exposure to a $0.10 unfavorable change in the exchange rate to approximately $80 million for the next twelve months.
Other Non-Coal Trading Activities — Diesel Fuel Price Risk
Diesel Fuel Hedges.
−Removed: Previously, we managed price risk of the diesel fuel used in our mining activities through the use of derivatives, primarily swaps.
−Removed: As of September 30, 2020, we did not have any diesel fuel derivative instruments in place.
−Removed: We also manage the price risk of diesel fuel through the use of cost pass-through contacts with certain customers.
−Removed: We expect to consume 75 to 85 million gallons of diesel fuel during the next twelve months.
−Removed: A $10 per barrel change in the price of crude oil (the primary component of a refined diesel fuel product) would increase or decrease our annual diesel fuel costs by approximately $20 million based on our expected usage.
+Added: Previously, the Company managed price risk of the diesel fuel used in its mining activities through the use of derivatives, primarily swaps.
+Added: As of March 31, 2021, the Company did not have any diesel fuel derivative instruments in place.
+Added: The Company also manages the price risk of diesel fuel through the use of cost pass-through contacts with certain customers.
+Added: The Company expects to consume 75 to 85 million gallons of diesel fuel during the next twelve months.
+Added: A $10 per barrel change in the price of crude oil (the primary component of a refined diesel fuel product) would increase or decrease its annual diesel fuel costs by approximately $20 million based on its expected usage.
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.