4 unchanged sentences
At the time of this filing, we are unable to predict or determine the impacts that the COVID-19 pandemic may continue to have on our exposure to market risk from commodity prices, foreign currency exchange rates, and interest rates, among other factors.
−Removed: Based on our open commodity contract hedge positions as of August 29, 2021, a hypothetical 10 percent decline in market prices applied to the fair value of the instruments would result in a charge to “Cost of sales” of approximately $5.7 million ($4.4 million net of income tax benefits).
+Added: Based on our open commodity contract hedge positions as of November 28, 2021, a hypothetical 10 percent decline in market prices applied to the fair value of the instruments would result in a charge to “Cost of sales” of approximately $4.9 million ($3.7 million net of income tax benefits).
It should be noted that any change in the fair value of the contracts, real or hypothetical, would be substantially offset by an inverse change in the value of the underlying hedged item.
We transact business in multiple currencies and are subject to currency exchange rate risk through investments and businesses owned and operated in foreign countries.
−Removed: At August 29, 2021, we had no financial instruments to hedge foreign currency risk.
−Removed: At August 29, 2021, we had $2,166.0 million of fixed-rate and $578.8 million of variable-rate debt outstanding.
+Added: At November 28, 2021, we had no financial instruments to hedge foreign currency risk.
+Added: At November 28, 2021, we had $2,170.0 million of fixed-rate and $571.0 million of variable-rate debt outstanding.
We have interest rate risk associated with our variable-rate debt.
3 unchanged sentences
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.