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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2022-02-23 compared with 2021-02-24 · 2 added, 1 removed, 14 unchanged (18% of the section changed)
13 unchanged sentences
LIBOR is anticipated to be phased out by the end of 2023.
−Removed: We are unable to predict the use of alternative reference rates and corresponding interest rate risk at this time.
+Added: The Credit Agreement includes a general process for establishing an alternative reference rate to the extent LIBOR is phased out.
+Added: The impact of the use of alternative reference rates is not expected to have a material impact on our exposure to interest rate risk at this time.
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.