2 unchanged sentences
Foreign Currency Risk
−Removed: 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.
−Removed: 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.
+Added: 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.
+Added: Exposures are primarily related to the U.S.
+Added: dollar relative to the Canadian dollar, the Brazilian real, the Chilean peso, and the Argentine Peso.
+Added: We also have translation exposure resulting from translating the financial statements of foreign subsidiaries into U.S.
+Added: 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.
Commodity Price Risk
1 unchanged sentence
The most significant commodity product we sell is OSB.
−Removed: There have been no material changes to the assumed production capacity and annual average price sensitivity previously disclosed under the caption “Item 7A.
+Added: There have been no material changes to the assumed production capacity and annual average price sensitivity for OSB previously disclosed under the caption “Item 7A.
Quantitative and Qualitative Disclosures about Market Risk” in our 2023 Annual Report on Form 10-K.
2 unchanged sentences
We are exposed to market risk associated with changes in interest rates on our variable rate long-term debt.
−Removed: As of September 30, 2023, there were no outstanding borrowings under our Amended Credit Facility.
−Removed: We do not currently have any derivative or hedging arrangements, or other known exposures, to changes in interest rates.
+Added: As of March 31, 2024, there were no outstanding borrowings under our Amended Credit Facility.
+Added: We do not currently have any derivative or hedging arrangements to reduce the impact of changes in interest rates, or other known exposures, to changes in interest rates.
+Added: There have been no material changes to the interest rate sensitivity analysis previously disclosed under the caption “Item 7A.
+Added: Quantitative and Qualitative Disclosures about Market Risk” in our 2023 Annual Report on Form 10-K.
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.