6 unchanged sentences
the Canadian dollar, the functional currency of our Canadian operations;
−Removed: and the Australian dollar, the functional currency of our Australasian operations.
+Added: and the Australian dollar, the
+Added: functional currency of our Australasian operations.
We monitor our foreign currency exposures and from time to time, we enter into currency forward contracts to manage our exposure to currency fluctuations.
+Added: Foreign currency exchange exposure, particularly in regard to the Australian and Canadian dollar, and to a lesser extent the Euro, positively impacted our results for the year ended December 31, 2021.
Foreign currency exchange exposure, particularly in regard to the Euro positively impacted our results for the year ended December 31, 2020.
This positive impact was mostly offset by the negative impact from the Canadian and Australian dollar for the full year ended December 31, 2020.
−Removed: Foreign currency exchange
−Removed: exposure, particularly in regard to the Canadian and Australian dollar and, to a lesser extent, the Euro, negatively impacted our results for the year ended December 31, 2019.
During 2021 and 2020, it was estimated that a 10% shift in exchange rates between those foreign functional currencies and the U.S.
1 unchanged sentence
A 15% shift in exchange rates between those functional currencies and the U.S.
−Removed: dollar would have impacted translated net sales by approximately $824 million in 2020 and $763 million in 2019.
+Added: dollar would have impacted translated net sales by approximately $1.0 billion in 2021 and $824 million in 2020.
A 20% shift in exchange rates between those functional currencies and the U.S.
−Removed: dollar would have impacted translated net sales by approximately $1,099 million in 2020 and $1,017 million in 2019.
+Added: dollar would have impacted translated net sales by approximately $1.4 billion in 2021 and $1.1 billion in 2020.
Interest Rates
2 unchanged sentences
From time to time, we enter into interest rate swap agreements to manage our exposure to interest rate fluctuations.
−Removed: Based on the Company's variable-rate debt and derivative instruments outstanding as of December 31, 2020 and 2019, we estimate that a 100 basis point increase in interest rates would have increased interest expense by $1.1 million in 2020 and $5.5 million in 2019.
−Removed: However, these increases in interest expense would have been partially offset by the increases in interest income related to higher interest rates.
+Added: As of December 31, 2021, we primarily had fixed-rate debt.
+Added: Based on the Company's variable-rate debt and derivative instruments outstanding as of December 31, 2021 and 2020, we estimate that a 100 basis point increase in interest rates would have an immaterial impact in 2021 and would have increased interest expense by $1.1 million in 2020.
+Added: However, this increase in interest expense would have been partially offset by the increases in interest income related to higher interest rates.
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.