8 unchanged sentences
Under certain conditions, we enter into hedging transactions, primarily forward foreign currency swaps, that enable us to mitigate the potential adverse impact of foreign currency exchange rate risk (see Note 9, “Derivatives” in the notes to the consolidated financial statements for further information).
−Removed: We do not engage in trading or other speculative activities with these transactions, as established policies require that these hedging transactions relate to specific currency exposures.
+Added: We do not engage in trading or other speculative activities with these transactions, as established policies require th at these hedging transactions relate to specific currency exposures.
The strengthening of the U.S.
8 unchanged sentences
dollars, our reporting currency.
−Removed: Interest Rate Risk —In the current economic environment, we manage interest expense using a mixture of variable rate debt and fixed-interest-rate swaps.
+Added: Interest Rate Risk —In the current economic environment, we manage interest expense using a mix ture of variable rate debt and fixed-interest-rate swaps.
As of August 31, 2021, long term debt consisted of $ 175 million of borrowings under the revolving line of credit (variable rate debt).
−Removed: We are the fixed rate payor on an interest rate swap that effectively fixes the LIBOR-based index on $100 million of borrowings under our revolving line of credit.
+Added: We were the fixed-rate payor on an interest rate swap that effectively fixed the LIBOR-based index on $100 million of borrowings under our revolving line of credit through August 31, 2021.
C ommodity Risk —We source a wide variety of materials and components from a network of global suppliers.
−Removed: While such materials are typically available from numerous suppliers, commodity raw materials, such as steel and plastic resin, are subject to price fluctuations which could have a negative impact on our results.
+Added: While such materials are typically available from numerous suppliers, commodity raw materials, such as steel, aluminum, plastic resin, brass, steel wire and rubber are subject to price fluctuations which could have a negative impact on our results.
We strive to timely pass along such commodity price increases to customers to avoid profit margin erosion.
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.