1 unchanged sentence
We are exposed to market risk from foreign currency exchange rates, which could affect operating results, financial position and cash flows.
−Removed: We manage our exposure to this market risk through our regular operating and financing activities and, when appropriate, through the use of derivative financial instruments.
+Added: We manage our exposure to this market risk through our regular operating and financing activities and, when appropriate, using derivative financial instruments.
We utilized derivative financial instruments to hedge economic exposures, as well as reduce earnings and cash flow volatility resulting from shifts in market rates.
11 unchanged sentences
Interest Rate Risk Management
−Removed: The consolidated weighted-average interest rates related to our total debt for 2020 approximated 2.34 % for Term A Loan due 2022, 3.82 % for Term B Loan due 2023, 10.90 % for Senior Notes due 2024 and 5.29 % for finance lease obligations.
+Added: The consolidated weighted-average interest rates related to our total debt for 2021 approximated 3.10% for 2021 Term A Loan due 2026, 5.00% for 2021 Term B Loan due 2028, 6.04% for 2021 Senior Notes due 2029, 2.58% for our 2021 Revolving Credit Facility maturing 2026 and 5.01% for finance lease obligations.
As of December 31, 2021, $880 million of our total debt of $1,440 million carried variable interest rates.
−Removed: The fair values of our fixed rate financial instruments are sensitive to changes in interest rates and at December 31, 2020, a 10% increase in market interest rates would decrease the fair values of such financial instruments by less than $1 million.
−Removed: A 10% decrease in market interest rates would increase the fair values of such financial instruments by less than $1 million.
+Added: The fair values of our fixed rate financial instruments are sensitive to changes in interest rates and at December 31, 2021, a 10% increase in market interest rates would decrease the fair values of such financial instruments by approximately $19 million.
+Added: A 10% decrease in market interest rates would increase the fair values of such financial instruments by approximately $20 million.
CNDT 2021 Annual Report
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.