4 unchanged sentences
dollars for consolidated financial statement purposes.
−Removed: For the periods presented, our principal foreign currency exchange exposures are the Euro, the functional currency of our European operations;
+Added: For the periods presented, our principal foreign currency exchange exposures are the Euro, the primary functional currency of our European operations;
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 primary 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, in regard to the Australian and Canadian dollar, negatively impacted our results, while the Euro positively impacted our results for the year ended December 31, 2023.
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, 2022.
−Removed: Foreign currency exchange exposure, particularly in regard to the Euro positively impacted our results for the year ended December 31, 2021.
−Removed: This positive impact was mostly offset by the negative impact from the Canadian and Australian dollar for the full year ended December 31, 2021.
During 2023 and 2022, it was estimated that a 10% shift in exchange rates between those foreign functional currencies and the U.S.
10 unchanged sentences
Based on our variable-rate debt and derivative instruments outstanding as of December 31, 2023 and 2022, we estimate that a 100 basis point increase in interest rates would have an immaterial impact in 2023 and 2022 and would increase the fees on our A/R Sales Agreement by $10 million.
−Removed: In fiscal year 2022, we experienced inflationary pressures across various parts of our business and operations, including, but not limited to, increases to our product costs, overhead costs and rising costs across our supply chain.
+Added: In fiscal years 2023 and 2022, we experienced inflationary pressures across various parts of our business and operations, including, but not limited to, increases to our product costs, overhead costs and rising costs across our supply chain.
We continue to monitor the impact of inflation in order to minimize its effects through pricing strategies, productivity improvements and cost reductions.
−Removed: If our costs were to be subject to more significant inflationary pressures, we may not be able to fully offset such higher costs through price increases or other cost
−Removed: efficiency measures.
+Added: If our costs were to be subject to more significant inflationary pressures, we may not be able to fully offset such higher costs through price increases or other cost efficiency measures.
Our inability or failure to do so could harm our business, financial condition and results of operations.
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.