8 unchanged sentences
dollar value resulting from anticipated currency transactions and net monetary asset and liability positions.
−Removed: At December 31, 2021, the currencies to which the Company had the most significant balance sheet exchange rate exposure were the euro, Swiss franc, Canadian dollar, British pound, Japanese yen, Australian dollar, Chinese yuan renminbi and South Korean won.
+Added: At December 30, 2022, the currencies to which the Company had the most significant balance sheet exchange rate exposure were the euro, Swiss franc, Canadian dollar, British pound, Japanese yen, Australian dollar, Chinese renminbi, South Korean won and Indian rupee.
It is not possible to determine the true impact of currency rate changes;
however, the direct translation effect on net sales and net earnings can be estimated.
+Added: In 2022, changes in currency translation rates reduced sales by approximately $66 million and reduced net earnings by approximately $31 million.
In 2021, changes in currency translation rates increased sales by approximately $26 million and increased net earnings by approximately $12 million.
−Removed: In 2020, changes in currency translation rates increased sales by approximately $4 million and had an immaterial impact on net earnings.
−Removed: Broad based end market recovery and demand levels remain strong in all segments and regions.
−Removed: However, we expect component availability, price inflation and logistical challenges to continue at least into the first half of 2022.
−Removed: As a result, our outlook for 2022 is high single-digit revenue growth on an organic, constant currency basis.
−Removed: At January 2022 exchange rates, assuming the same volumes, mix of products and mix of business by currency as in 2021, the movement in foreign currencies would have an unfavorable impact of approximately 1 percent on sales and 3 percent on operating earnings in 2022.
+Added: The Company expects its core growth strategies of developing new products, expanding distribution, seeking adjacent markets and pursuing strategic acquisitions will help growth prospects in the future.
+Added: As a result, the Company's outlook for 2023 is low single-digit revenue growth on an organic, constant currency basis.
+Added: At January 31, 2023 exchange rates, assuming the same volumes, mix of products and mix of business by currency as in 2022, the movement in foreign currencies would have a favorable impact of approximately 1 percent on sales and 1 percent on net earnings in 2023.
The Company’s backlog is not a good indicator of future long-term business levels.
13 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.