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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2022-02-24 compared with 2021-02-25 · 2 added, 2 removed, 33 unchanged (11% of the section changed)
25 unchanged sentences
Interest Rate Risk
−Removed: Our exposure to market risk for changes in interest rates relates to our variable-rate commercial paper, Revolver, and Floating Rate Notes borrowings.
−Removed: We attempt to achieve the lowest all-in weighted-average cost of debt while simultaneously taking into account the mix of our fixed- and floating-rate debt, and the average life and scheduled maturities of our debt.
+Added: Our exposure to market risk for changes in interest rates relates to our variable-rate CP, the Revolver and term loan borrowings.
+Added: We attempt to achieve the lowest all-in weighted-average cost of debt while simultaneously taking into account the mix of our fixed- and variable-rate debt and the average life and scheduled maturities of our debt.
At December 31, 2021, our weighted average cost of debt was 3.2% and weighted-average life of debt was 5.4 years.
6 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.