8 unchanged sentences
The Company has significant international operations resulting in a large number of currency transactions from international sales, purchases, investments and borrowings.
−Removed: The primary currencies for which the Company has an exchange rate exposure are the Chinese renminbi ("CNY"), European euro ("EUR"), Japanese yen ("JPY"), South Korean won ("KRW") and Canadian dollar ("CAD").
+Added: The primary currencies for which the Company has an exchange rate exposure are the European euro ("EUR"), Chinese renminbi ("CNY"), Japanese yen ("JPY"), South Korean won ("KRW") and Canadian dollar ("CAD").
The Company uses forward exchange contracts to offset its net exposures, by currency, related to the foreign currency denominated monetary assets and liabilities of its operations.
8 unchanged sentences
The net investment hedge serves to offset the foreign currency translation risk from the Company’s foreign operations.
−Removed: dollar weakened by 10%, the fair value of the net investment hedge would have been approximately $91 million lower as of December 31, 2022 and approximately $118 million lower as of December 31, 2021.
+Added: dollar weakened by 10 percent, the fair value of the net investment hedge would have been approximately $101 million lower as of December 31, 2023 and approximately $91 million lower as of December 31, 2022.
The Company uses interest rate swaps to hedge changes in the fair value of the hedged item due to changes in the Secured Overnight Financing Rate (“SOFR”).
−Removed: If the floating rates appreciated by 10%, the fair value of the interest rate swaps would have been approximately $26 million lower as of December 31, 2022.
+Added: If the floating rates appreciated by 10 percent, the fair value of the interest rate swaps would have been approximately $26 million lower as of December 31, 2023 and December 31, 2022.
Since the Company's risk management programs are highly effective, the potential loss in value for each risk management portfolio described above would be largely offset by changes in the value of the underlying exposure.
14 unchanged sentences
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.