1 unchanged sentence
We are exposed to market risk, including changes in interest rates.
−Removed: As of September 30, 2022, we are subject to interest rate risk on borrowings under the floating rate revolving credit facility provided by our Credit Agreement.
−Removed: A 100-basis-point increase in the interest rate would have resulted in an increase in interest expense on these borrowings of approximately $2.3 million during the nine-month period ended September 30, 2022.
+Added: As of March 31, 2023, we are subject to interest rate risk on borrowings under the floating rate revolving credit facility provided by our Credit Agreement.
+Added: A 100-basis-point increase in the interest rate would have resulted in an increase in interest expense on these borrowings of approximately $0.7 million during the three-month period ended March 31, 2023.
Our foreign subsidiaries generally conduct business in local currencies.
7 unchanged sentences
Our largest exposures to commodity prices relate to metal and rubber compound, which have fluctuated widely in recent years.
−Removed: During the nine months ended September 30, 2022, we entered into agreements to hedge foreign currency.
−Removed: The agreement will not have a material impact on the results of the Company.
+Added: In 2023 and 2022, we entered into agreements to hedge foreign currency.
+Added: These agreements will not have a material impact on the results of the Company.
We have no other 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.