QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
−Removed: In the normal course of business, the Company's financial position and results of operations are routinely subject to a variety of risks, including market risk associated with interest rate movements on borrowings and currency rate movements on non-U.S.
+Added: In the normal course of business, our financial position and results of operations are routinely subject to a variety of risks, including market risk associated with interest rate movements on borrowings and currency rate movements on non-U.S.
dollar denominated assets, liabilities and cash flows.
−Removed: The Company is also subject to commodity pricing risk via changes in the price of materials used in our manufacturing process.
−Removed: The Company regularly assesses these risks and has established policies and business practices that should mitigate a portion of the adverse effect of these and other potential exposures.
+Added: We are also subject to commodity pricing risk via changes in the price of materials used in our manufacturing process.
+Added: We regularly assess these risks and have established policies and business practices that should mitigate a portion of the adverse effect of these and other potential exposures.
Interest Rate Risk
1 unchanged sentence
The following item is market rate sensitive for interest rates for the Company:
−Removed: long-term debt consisting of a credit facility with no outstanding balance at December 31, 2020.
−Removed: For additional information about our 2020 credit facility see Note 7 .
−Removed: In March 2021, we entered into two new credit facilities as a result of the recently closed acquisition of the performance and lifestyle footwear business of Honeywell International, Inc.
−Removed: See Note 19 for additional information.
−Removed: We have no other long-term debt maturities.
+Added: long-term debt consisting of a term facility and a credit facility with an outstanding balance of approximately $128 million and $146 million, respectively at December 31, 2021.
+Added: For additional information about our credit facilities see Note 8 . 
We do not hold any market risk sensitive instruments for trading purposes.
2 unchanged sentences
We are also exposed to changes in the price of commodities used in our manufacturing operations.
−Removed: However, commodity price risk related to the Company's current commodities is not material as price changes in commodities can generally be passed along to the customer.
+Added: However, commodity price risk related to our current commodities is not material as price changes in commodities can generally be passed along to the customer.
Foreign Exchange Risk
−Removed: The Company faces market risk to the extent that changes in foreign currency exchange rates affect the Company’s foreign assets, liabilities and inventory purchase commitments.
−Removed: The Company manages these risks by attempting to denominate contractual and other foreign arrangements in U.S.
+Added: We face market risk to the extent that changes in foreign currency exchange rates affect our foreign assets, liabilities and inventory purchase commitments.
+Added: We manage these risks by attempting to denominate contractual and other foreign arrangements in U.S.
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.