2 unchanged sentences
Interest Rate Risk
−Removed: We use forward starting interest rate swaps to hedge our exposure to the impact of interest rate changes in future debt issuances.
+Added: We use interest rate swap agreements as fair value hedges on certain debt.
The fair value of our derivative financial instruments as of February 2, 2024, was not material.
−Removed: 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.
+Added: Fluctuations in interest rates do not have a material impact on our financial condition and results of operations because nearly all of our long-term debt is carried at amortized cost and consists primarily of fixed-rate instruments.
Therefore, providing quantitative information about interest rate risk is not meaningful for our financial instruments.
+Added: Table of Content s
Commodity Price Risk
2 unchanged sentences
The selling prices of these commodity products are influenced, in part, by the market price we pay and our competitive environment.
+Added: Table of Content s
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.