Item 7A - Quantitative and Qualitative Disclosures about Market Risk
−Removed: In addition to the risks inherent in our operations, we are exposed to certain market risks, including changes in interest rates, commodity prices and foreign currency exchange rates.
+Added: In addition to the risks inherent in our operations, we are exposed to certain market risks, including changes in interest rates and commodity prices.
Interest Rate Risk
We use forward starting interest rate swaps to hedge our exposure to the impact of interest rate changes in future debt issuances.
−Removed: The fair value of our derivative financial instruments as of January 28, 2022, was not material.
+Added: The fair value of our derivative financial instruments as of February 3, 2023, was not material.
Fluctuations in interest rates do not have a material impact on our financial condition and results of operations because our long-term debt is carried at amortized cost and consists primarily of fixed-rate instruments.
4 unchanged sentences
The selling prices of these commodity products are influenced, in part, by the market price we pay and our competitive environment.
−Removed: Foreign Currency Exchange Rate Risk
−Removed: Although we have international operating entities, our exposure to foreign currency rate fluctuations is not material to our financial condition and result 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.