4 unchanged sentences
Included below is a sensitivity analysis based upon a hypothetical 10% weakening or strengthening in the U.S.
−Removed: dollar compared to foreign currency exchange rates at December 31, 2023, a 10% change in pricing of commodity contracts
−Removed: and a 100 basis point increase in effective and variable interest rates at December 31, 2023.
−Removed: The derivative, borrowing and investment arrangements in effect at December 31, 2023 were compared to the hypothetical foreign exchange or interest rates in the sensitivity analysis to determine the effect on the Company’s current period consolidated financial statements.
+Added: dollar compared to foreign currency exchange rates at December 31, 2024.
+Added: The derivative, borrowing and investment arrangements in effect at December 31, 2024 were compared to the hypothetical foreign exchange rates in the sensitivity analysis to determine the effect on the Company’s current period consolidated financial statements.
Foreign Currency Exchange Risk
9 unchanged sentences
The Company also has a foreign currency forward contract hedge designated as a net investment hedge with a notional dollar amount of $319,450 at December 31, 2024.
−Removed: At December 31, 2023, a hypothetical 10% strengthening or weakening in the U.S.
+Added: At December 31, 2024, any loss (or gain) resulting from the hypothetical 10% strengthening or weakening in the U.S.
dollar would have changed Accumulated other comprehensive income (loss) by $32,617.
−Removed: Commodity Price Risk
−Removed: From time to time, the Company uses various hedging arrangements to manage exposures related to price risk from commodity purchases.
−Removed: These hedging arrangements have the effect of fixing for specified periods the prices the Company will pay for the volume to which the hedge relates.
−Removed: The notional amount of these contracts was 200,000 pounds at December 31, 2023.
−Removed: At December 31, 2023, a hypothetical 10% change in the price would have resulted in an increase or decrease to the value of the contracts by $74.
−Removed: Interest Rate Risk
−Removed: In anticipation of future debt issuance associated with the Notes referenced in Note 9 to the consolidated financial statements, the Company has interest rate forward starting swap agreements to hedge the variability of future changes in interest rates.
−Removed: The gross notional dollar value of these contracts was $100,000 at December 31, 2023.
−Removed: At December 31, 2023, a hypothetical 100 basis point increase to effective interest rates would have changed Accumulated other comprehensive income (loss) by $6,054.
−Removed: At December 31, 2023, a hypothetical 100 basis point increase to variable interest rates would have changed Interest expense by approximately $2,500.
−Removed: In March 2023, the Company entered into interest rate swap agreements, which were qualified and designated as cash flow hedges, with an aggregate notional amount of $150,000.
−Removed: At December 31, 2023, a hypothetical 100 basis point increase to effective interest rates would have changed Accumulated other comprehensive income (loss) by $2,599.
The fair value of the Company’s cash and cash equivalents at December 31, 2024 approximated cost due to the short-term duration.
6 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.