31 unchanged sentences
Using a discounted cash flow analysis, a hypothetical 10% increase in interest rates would have decreased the fair value of our fixed-rate debt by $131.1 million as of December 31, 2023.
−Removed: Variable-rate debt .
−Removed: Our variable-rate debt instruments represent approximately 15.2% of our total debt as of December 25, 2022.
−Removed: Holding other variables constant, including levels of indebtedness, an increase in interest rates of 100 basis points would have increased our interest expense by an $7.2 million for the year ended December 25, 2022.
Foreign Currency
47 unchanged sentences
Impact of Inflation
−Removed: Our global operations were significantly impacted by inflation during 2022.
+Added: Our global operations were impacted by inflation during 2023, but less significantly than in 2022.
Our global businesses negotiated with our customers to increase prices to mitigate the impacts of the increase in input costs such as feed ingredients, labor, utilities, freight and other input costs.
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.