7 unchanged sentences
The remainder of the debt (approximately $3.6 billion) carries a fixed rate of interest.
−Removed: Based upon the Company’s debt structure at December 31, 2023, a hypothetical 1% increase in these interest rates would increase interest expense by approximately $12 million and decrease the fair value of debt by approximately $177 million.
+Added: Based upon the Company’s debt structure at December 31, 2024, a hypothetical 1% increase in these variable interest rates would increase interest expense by approximately $10 million and decrease the fair value of debt by approximately $202 million.
While the Company transacts business principally in U.S.
8 unchanged sentences
A hypothetical 10% change in foreign currency exchange rates would not have a material effect on foreign currency gains and losses related to the foreign currency derivatives or the net fair value of the Company’s foreign currency derivatives.
−Removed: The Company is exposed to the price risk that the rising cost of commodities has on certain of its raw materials.
−Removed: As such, the Company monitors the commodities markets and from time to time the Company enters into commodity-based derivatives in order to mitigate the impact that the rising price of these commodities has on the cost of certain of the Company’s raw materials.
−Removed: A hypothetical 10% change in the commodity prices underlying the derivatives would not have a material effect on the related gains and losses included in the Company’s results of operations.
In this sensitivity analysis, all other assumptions are constant and assumes that a change in one currency’s rate relative to the U.S.
dollar would not impact another currency’s rates relative to the U.S.
+Added: The Company is exposed to the price risk that the rising cost of commodities has on certain of its raw materials.
+Added: As such, the Company monitors the commodities markets and from time to time the Company enters into commodity-based derivatives in order to mitigate the impact that the rising price of these commodities has on the cost of certain of the Company’s raw materials.
+Added: The Company did not enter into any commodity-based derivatives during 2024 and 2023.
The Company is exposed to credit loss in the event of non-performance by the counterparties to its derivative financial instruments, all of which are highly rated institutions;
2 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.