Quantitative and Qualitative Disclosures About Market Risk
+Added: We are exposed to fluctuations in foreign currency exchange rates, commodity prices and interest rates which could impact our results of operations and financial condition.
+Added: Foreign Currency Risk
Each of our international operations has transactional foreign currency exposures related to buying and selling in currencies other than the local currencies in which it operates.
Exposures are primarily related to the U.S.
−Removed: dollar relative to the Canadian dollar, the Brazilian real, and the Chilean peso.
+Added: dollar relative to the Canadian dollar, the Brazilian real, the Chilean peso, and the Argentine Peso.
We also have translation exposure resulting from translating the financial statements of foreign subsidiaries into U.S.
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 currency rate hedges with respect to our exposure from operations, provided we may do so in the future.
+Added: Commodity Price Risk
Some of our products are sold as commodities, and therefore sales prices fluctuate daily based on market factors over which we have little or no control.
2 unchanged sentences
We historically have not entered into material commodity futures and swaps, although we may do so in the future.
+Added: Interest Rate Risk
+Added: We are exposed to market risk associated with changes in interest rates on our variable rate long-term debt.
+Added: As of December 31, 2023, there were no outstanding borrowings under our Amended Credit Facility.
+Added: We do not currently have any derivative or hedging arrangements, or other known exposures, to changes in interest rates.
+Added: Based on our current amounts outstanding, a 100-basis point increase or decrease in market interest rates over a 12-month period would not result in a change to interest expense.
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.