30 unchanged sentences
We also continually monitor the market for commodities that we use in our products.
−Removed: Input costs may fluctuate widely due to international demand, weather conditions, government policy and regulation and unforeseen conditions such as the current COVID-19 pandemic.
−Removed: To manage input cost volatility, we enter into forward purchase agreements and other derivative financial instruments.
+Added: Input costs may fluctuate widely due to international demand, weather conditions, government policy and regulation and unforeseen conditions such as the current COVID-19 global pandemic.
+Added: Refer to Recent Developments and Significant Items Affecting Comparability and Financial Outlook above for updates on recent supply chain, transportation, labor and other disruptions that are increasing operating costs and impacting our results.
+Added: To manage input cost volatility and inflation, we enter into forward purchase agreements and other derivative financial instruments.
We also pursue productivity and cost saving measures and take pricing actions when necessary to mitigate the impact of higher input costs on earnings.
2 unchanged sentences
Treasury rates, corporate credit spreads, commercial paper rates as well as limited debt tied to London Interbank Offered Rates (“LIBOR”).
−Removed: The Financial Conduct Authority in the United Kingdom plans to phase out LIBOR by the end of 2021.
−Removed: We do not anticipate a significant impact to our financial position from the planned phase out of LIBOR given our current mix of variable and fixed-rate debt.
−Removed: We periodically use interest rate swaps and forward interest rate contracts to achieve a desired proportion of variable versus fixed rate debt based on current and projected market conditions.
+Added: The last publication date of LIBOR rates against various currencies by the Financial Conduct Authority in the United Kingdom was December 31, 2021, with the publication of certain USD rates being phased out after June 30, 2023.
+Added: We did not have a significant impact to our financial position from the phase out of LIBOR, nor do we expect a significant impact from the remaining phase out given our current mix of variable and fixed-rate debt.
+Added: We periodically use interest rate swaps and forward interest rate contracts to achieve a desired proportion of variable
+Added: versus fixed rate debt based on current and projected market conditions.
For more information on our 2020 debt activity, see Note 9, Debt and Borrowing Arrangements .
31 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.