1 unchanged sentence
We are exposed to a variety of market risks, including changes in currency exchange rates, interest rates and gasoline prices.
−Removed: We manage our exposure to market risks through our regular operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments, particularly currency forward contracts to manage and reduce currency exchange rate risk;
+Added: We manage our exposure to market risks through our regular operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments, particularly currency forward
+Added: contracts to manage and reduce currency exchange rate risk;
swap contracts, futures and options contracts, to manage and reduce the interest rate risk related to our debt;
20 unchanged sentences
Interest Rate Risk Management
−Removed: Our primary interest rate exposure at December 31, 2020 was interest rate fluctuations in the U.S., specifically LIBOR and commercial paper interest rates due to their impact on variable rate borrowings and other interest rate sensitive liabilities.
+Added: Our primary interest rate exposure at December 31, 2021 was interest rate fluctuation in the U.S.
+Added: due to its impact on variable rate borrowings and other interest rate sensitive liabilities.
We use interest rate swaps and caps to manage our exposure to interest rate movements.
−Removed: anticipate that LIBOR and commercial paper rates will remain a primary market risk exposure for the foreseeable future.
+Added: We anticipate interest rate fluctuation will remain a primary market risk exposure for the foreseeable future.
We assess our market risk based on changes in interest rates utilizing a sensitivity analysis.
9 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.