4 unchanged sentences
We closely monitor the financial market environment and actively manage counterparty exposure to minimize the potential impact from adverse developments with any single credit provider while ensuring availability of, and access to, sufficient credit resources.
−Removed: Our main exposure to market risk relates to interest rates, foreign currency exchange rates and market prices on certain equity securities.
+Added: Our main exposures to market risk relate to interest rates, foreign currency exchange rates and market prices on certain equity securities.
Our financial instruments that are subject to interest rate risk principally include fixed-rate long-term debt and commercial paper, if issued.
2 unchanged sentences
We use derivative instruments principally to reduce our exposure to market risks from changes in foreign currency exchange rates and interest rates.
−Removed: We do not enter into or hold derivative instruments for speculative trading purposes.
We transact business globally and are subject to risks associated with changing foreign currency exchange rates.
−Removed: We enter into foreign currency hedges such as forward and option contracts that change in value as foreign currency exchange rates change.
−Removed: Our most significant foreign currency exposures relate to the British pound sterling, the euro, the Canadian dollar, the Australian dollar, the Norwegian kroner and the Polish zloty.
+Added: We do not enter into or hold derivative instruments for speculative trading purposes.
These contracts hedge forecasted foreign currency transactions in order to minimize fluctuations in our earnings and cash flows associated with changes in foreign currency exchange rates.
We designate foreign currency hedges as cash flow hedges.
+Added: We enter into foreign currency hedges such as forward and option contracts that change in value as foreign currency exchange rates change.
+Added: Our most significant foreign currency exposures relate to the British pound sterling, the euro, the Canadian dollar, the Australian dollar, the Norwegian kroner and the Polish zloty.
We also are exposed to the impact of interest rate changes primarily through our borrowing activities.
23 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.