QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: Our international operations have exposure to foreign currency rate risks, primarily due to fluctuations in the Canadian dollar, Brazilian real, and the Chilean peso.
+Added: Our international operations have exposure to foreign currency rate risks, primarily due to fluctuations in the Canadian dollar, the Brazilian real, and the Chilean peso.
Although we have in the past entered into foreign exchange contracts associated with certain of our indebtedness and may continue to enter into foreign exchange contracts associated with major equipment purchases to manage a portion of the foreign currency rate risk, we historically have not entered into material currency rate hedges with respect to our exposure from operations, although we may do so in the future.
1 unchanged sentence
The most significant commodity product we sell is OSB.
−Removed: Based upon an assumed North America annual production capacity in the OSB segment of 4.5 billion square feet (3/8" basis) or 3.9 billion square feet (7/16" basis), a $1 change in the annual average price per thousand square feet on a 7/16" basis would change annual pre-tax profits by approximately $4 million.
+Added: There have been no material changes to the assumed production capacity and annual average price sensitivity previously disclosed under caption “Item 3:
+Added: Quantitative and Qualitative Disclosures about Market Risk)” in our 2021 Annual Report on Form 10-K.
We are exposed to market risk associated with changes in interest rates on our variable rate long-term debt.
−Removed: As of September 30, 2021, we had no outstanding amounts borrowed under our Amended Credit Facility.
+Added: As of March 31, 2022, we had no outstanding amounts borrowed under our Amended Credit Facility.
We do not currently have any derivative or hedging arrangements, or other known exposures, to changes in interest rates.
1 unchanged sentence
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.