8 unchanged sentences
For derivatives designated in cash flow hedging relationships, we record the gains and losses from the use of these instruments in accumulated other comprehensive income (loss) on the consolidated balance sheets and subsequently recognize the accumulated gains and losses into cost of products sold in the same period when the associated underlying transactions occur.
−Removed: At December 31, 2021, accumulated other comprehensive income (loss) included $0.8 million in unrealized gains for these derivative instruments.
−Removed: All other commodity derivatives are marked-to-market and recognized into cost of products sold with the offset recognized as an asset or accrued liability.
+Added: At December 31, 2022, we had no outstanding hedge positions.
See Note 11, "Derivative Instruments and Hedging Activities," in Item 8 for further information on our outstanding derivatives.
2 unchanged sentences
We are exposed to changes in interest rates as a result of our credit facility, which had a weighted-average interest rate of 7.81% as of December 31, 2022.
−Removed: Based on the amount of unhedged floating rate debt owed by us on December 31, 2021, assuming that LIBOR exceeds the 1.0% floor in our credit facility, the impact of a 100 basis point increase in interest rates on this amount of debt would result in an increase in interest expense and a corresponding decrease in net income of approximately $1.6 million annually.
+Added: Based on the amount of unhedged floating rate debt owed by us on December 31, 2022, the impact of a 100 basis point increase in interest rates on this amount of debt would result in an increase in interest expense and a corresponding decrease in net income of approximately $1.7 million annually.
We are not exposed to changes in interest rates with respect to our 2024 Notes and 2025 Notes as these obligations are fixed rate.
2 unchanged sentences
Such an increase in interest rates at December 31, 2022 would result in a $0.04 million decrease in the fair value of our 2024 Notes and a $0.5 million decrease in the fair value of our 2025 Notes.
−Removed: On February 15, 2021, our 2021 Notes matured and we retired the outstanding balance of $28.8 million using our credit facility.
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.