Quantitative and Qualitative Disclosures About Market Risk
−Removed: The Company is primarily exposed to market risk from changes in foreign currency exchange rates and raw material prices.
+Added: The Company is primarily exposed to market risk from changes in raw material prices, freight costs, and foreign currency exchange rates.
Market risk is measured as the potential negative impact on earnings, cash flows or fair values resulting from a hypothetical change in interest rates, commodity prices or foreign currency exchange rates over the next year.
8 unchanged sentences
During 2022, approximately 0.74% of revenue was denominated in non-U.S.
−Removed: dollar currencies and virtually all assets and liabilities of the Company are denominated in U.S.
+Added: dollar currencies and substantially all assets and liabilities of the Company are denominated in U.S.
However, as the Company expands its international operations, non-U.S.
2 unchanged sentences
Commodity Risk
−Removed: The Company, and the CT segment in particular, primarily relies upon long-term strategic supply relationships to meet many of its raw material needs and are expected to remain in place for the foreseeable future.
+Added: The Company, and the CT segment in particular, primarily relies upon supply relationships to meet many of its raw material needs.
Price increases are passed along to the Company’s customers, where applicable or possible.
−Removed: The Company presently does not have any commodity futures contracts but may consider utilizing forms of hedging from time to time in the future.
+Added: The Company presently does not utilize commodity derivative instruments but may consider utilizing forms of hedging to mitigate the effects of rising commodity prices on its supplies, in the future.
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.