8 unchanged sentences
The company has significant international operations resulting in a large number of currency transactions that result from international sales, purchases, investments and borrowings.
−Removed: The primary currencies for which the company has an exchange rate exposure are the Brazilian Real, Swiss franc, European Euro ("EUR"), and Canadian dollar.
+Added: The primary currencies for which the company has an exchange rate exposure are the Brazilian Real, Swiss franc, Canadian dollar and European Euro ("EUR").
The company uses foreign exchange contracts to offset its net exposures, by currency, related to the foreign currency denominated monetary assets and liabilities of its operations.
5 unchanged sentences
The USD/EUR was the primary foreign exchange exposure for these nonfunctional currency denominated marketable securities.
−Removed: These marketable securities were classified as available-for-sale and as such, fluctuations in foreign exchange were recorded in accumulated other comprehensive loss (AOCL) within the Consolidated Statements of Equity.
−Removed: These fluctuations are subsequently reclassified from AOCL to earnings in the period in which the marketable securities are sold.
+Added: These debt securities were classified as available-for-sale marketable securities and as such, fluctuations in foreign exchange were recorded in accumulated other comprehensive income (loss) within the Consolidated Statements of Equity.
+Added: These fluctuations were subsequently reclassified from accumulated other comprehensive income (loss) to earnings during 2021, which was the period in which the marketable securities were sold.
+Added: At December 31, 2021, the company no longer held these USD denominated marketable securities.
The following table illustrates the fair values of outstanding foreign currency contracts at December 31, 2021 and 2020, and the effect on fair values of a hypothetical adverse change in the foreign exchange rates that existed at December 31, 2021 and 2020.
12 unchanged sentences
Credit risk associated with its receivables balance is representative of the geographic, industry and customer diversity associated with the company's global product lines.
−Removed: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
+Added: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK, continued
The company also maintains strong credit controls in evaluating and granting customer credit.
1 unchanged sentence
Length of terms for customer credit varies by region.
+Added: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
+Added: The financial statements and supplementary data required by this Item are included herein, commencing on page F-1 of this report.
+Added: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
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.