12 unchanged sentences
We do not have interest rate risk on our outstanding long-term debt as these arrangements have fixed interest rates.
+Added: We cannot ensure that future interest rate movements will not have a material adverse effect on our future business, prospects, financial condition, operating results and cash flows.
+Added: To date, we have not entered into interest rate hedging transactions to control or minimize certain of these risks.
Foreign Currency Risk
−Removed: We conduct business in certain foreign markets, primarily in Canada, Australia and the European Union.
+Added: We conduct business in certain foreign markets, primarily in Canada, Australia, the European Union and Japan.
Our principal exposure to foreign currency risk relates to investment and inter-company debt in foreign subsidiaries that transact business in functional currencies other than the U.S.
−Removed: Dollar, primarily the Australian Dollar, the Canadian Dollar, the Euro, the Hong Kong Dollar, the Japanese Yen, the New Zealand Dollar, the Norwegian Kroner and the British Pound Sterling.
+Added: Dollar, primarily the Euro and the Japanese Yen.
If we are unable to settle our short-term intercompany debts in a timely manner, we remain exposed to foreign currency fluctuations.
6 unchanged sentences
however, we may do so in the future.
−Removed: Our objective in managing foreign exchange risk is to minimize the potential exposure to changes that exchange rates might have on earnings, cash flows and financial position.
−Removed: For the years ended December 31, 2021, 2020 and 2019, foreign exchange gains (losses) amounted to $0.2 million, $31.6 million and $(1.4) million, respectively.
−Removed: The change in our gains (losses) recognized in earnings from 2020 to 2021 and from 2020 to 2019 were primarily attributable to the settlement of certain intra-entity transactions of $33.1 million in 2020 that was not present in neither 2021 nor 2019.
−Removed: Cumulative translation adjustments, net of tax, included in other comprehensive income for the years ended December 31, 2021, 2020 and 2019, was $(14.4) million, $(11.1) million, and $(2.0) million respectively.
+Added: Our objective in managing foreign exchange risk is to minimize the potential exposure to changes that exchange rates might have on earnings, cash flows and our financial position.
We currently do not have derivative financial instruments for hedging, speculative or trading purposes and therefore are not subject to such hedging risk.
However, we may, in the future, engage in hedging transactions to manage our exposure to fluctuations in foreign currency exchange rates.
+Added: For the years ended December 31, 2022, 2021 and 2020, foreign exchange (losses) gains amounted to $(1.6) million, $0.2 million and $31.6 million, respectively.
+Added: The change in our gains (losses) recognized in earnings from 2021 to 2022 was primarily attributable to the translation of certain intra-entity balances in foreign currencies.
+Added: The change in our gains (losses) recognized in earnings from 2020 to 2021 was primarily attributable to the settlement of certain intra-entity transactions of $33.1 million in 2020 that was not present in 2021.
+Added: Cumulative translation losses included in other comprehensive income for the years ended December 31, 2022, 2021 and 2020, were $2.3 million, $14.4 million and $11.1 million, respectively.
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.