Quantitative and Qualitative Disclosures About Market Risk
−Removed: We are exposed to various types of market risk in the normal course of our business, including the impact of interest rate changes and diesel fuel cost changes.
+Added: We are exposed to various types of market risk in the normal course of our business, including the impact of interest rate changes, diesel fuel cost changes and inflation.
We may enter into interest rate or diesel fuel swaps to manage exposure to interest rate and diesel fuel price changes.
1 unchanged sentence
Interest Rate Risk
−Removed: Our exposure to interest rate risk relates to our revolving credit facility, as borrowings under the revolving credit facility bear interest at SOFR, reset periodically, plus 0.10%, plus 0.875% to 1.50% as determined by our credit ratings and leverage ratio.
−Removed: At January 28, 2023, there were no borrowings outstanding under the revolving credit facility.
+Added: Our exposure to interest rate risk relates to our revolving credit facility and borrowings under our commercial paper program.
+Added: At February 3, 2024, there were no borrowings outstanding under the revolving credit facility or the commercial paper program.
Inflation Risk
3 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.