3 unchanged sentences
A 100-basis point increase in the interest rate would have resulted in an increase in interest expense on these borrowings of approximately $2.9 million for the year ended December 31, 2022.
+Added: We are exposed to changes in foreign currency exchange rates.
Our foreign subsidiaries generally conduct business in local currencies.
6 unchanged sentences
Therefore, changes in exchange rates may either positively or negatively affect our net sales and expenses from foreign operations as expressed in U.S.
−Removed: Our largest exposures to commodity prices relate to steel and natural gas prices, which have fluctuated widely in recent years.
−Removed: We do not have any commodity swap agreements, forward purchase or hedge contracts.
+Added: During 2022, we entered into an agreement to hedge foreign currency exchange rates.
+Added: The agreement did not have a material impact on the results of the Company.
+Added: Our largest exposures to commodity prices relate to metal and natural gas prices, which have fluctuated widely in recent years.
+Added: We have no commodity swap agreements or forward purchase contracts.
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.