7 unchanged sentences
The market risk for a change in interest rates relates primarily to our debt obligations.
−Removed: Our fixed rate interest exposure was 100% and 91% as of December 31, 2022 and December 31, 2021, respectively.
+Added: Our fixed rate interest exposure was 100% as of December 31, 2023 and December 31, 2022.
As of December 31, 2023, a change in interest rates of 1% would not have a material impact on consolidated interest expense.
8 unchanged sentences
dollar by 10%, net earnings would have decreased or increased, respectively, by approximately $13 million as it relates exclusively to foreign currency exchange rate exposures.
−Removed: Financial instruments expose us to counter-party credit risk for non-performance and to market risk for changes in interest and foreign currency rates.
−Removed: We manage exposure to counter-party credit risk through specific minimum credit standards, diversification of counter-parties, and procedures to monitor concentrations of credit risk.
+Added: Financial instruments expose us to counterparty credit risk for non-performance and to market risk for changes in interest and foreign currency rates.
+Added: We manage exposure to counterparty credit risk through specific minimum credit standards, diversification of counterparties, and procedures to monitor concentrations of credit risk.
We monitor the impact of market risk on the fair value and cash flows of our investments by investing primarily in investment grade interest-bearing securities, which have short-term maturities.
1 unchanged sentence
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.