1 unchanged sentence
Foreign currency exchange rate risk
−Removed: We have foreign-based operations, primarily in Europe, South America and Asia, which accounted for approximately 22 percent of our net sales in the first six months of 2020.
+Added: We have foreign-based operations, primarily in Europe, South America and Asia, which accounted for approximately 22 percent of our net sales in the first nine months of 2020.
Ingevity's significant operations outside the U.S.
9 unchanged sentences
A hypothetical 10 percent change in the average euro to U.S.
−Removed: dollar exchange rate during the six months ended June 30, 2020, would have changed our net sales and income before income taxes by approximately $1.7 million or less than one percent and $1.5 million or two percent, respectively.
+Added: dollar exchange rate during the nine months ended September 30, 2020, would have changed our net sales and income before income taxes by approximately $2.8 million or less than one percent and $2.4 million or one percent, respectively.
Interest rate risk
1 unchanged sentence
As a result, we are subject to interest rate risk with respect to such floating-rate debt.
−Removed: A 100 basis point increase in the variable interest rate component of our borrowings as of June 30, 2020 would increase our annual interest expense by approximately $10.3 million or 28 percent.
+Added: A 100 basis point increase in the variable interest rate component of our borrowings as of September 30, 2020 would increase our annual interest expense by approximately $9.0 million or 27 percent.
We have entered into fixed-to-fixed cross-currency interest rate swaps with an aggregate notional amount of $166.2 million to limit exposure to interest rate increases related to a portion of the Company's floating rate indebtedness.
1 unchanged sentence
As a result, the Company's weighted average effective interest rate on the notional amount floating rate indebtedness will be 3.79% through May 2021.
−Removed: The fair value of this instrument at June 30, 2020 was an asset of $7.6 million.
+Added: The fair value of this instrument at September 30, 2020 was an asset (liability) of $(0.4) million.
Other market risks
−Removed: Information about our other remaining market risks for the period ended June 30, 2020 does not differ materially from that discussed under Item 7A of our 2019 Annual Report.
+Added: Information about our other remaining market risks for the period ended September 30, 2020 does not differ materially from that discussed under Item 7A of our 2019 Annual Report.
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.