6 unchanged sentences
We generally do not hedge currency translation exposures.
−Removed: Our exposures for commodity raw materials vary, with the highest concentration relating to steel, copper and oil.
+Added: Our exposures for commodity raw materials vary, with the highest concentration relating to steel and oil.
See Note 14 to our consolidated financial statements for further details.
5 unchanged sentences
We believe that cash and equivalents, cash flows from operations, and availability under revolving credit facilities and our trade receivables financing arrangement will be sufficient to fund working capital needs, planned capital expenditures, other operational cash requirements and required debt service obligations.
−Removed: At December 31, 2020, we had initial interest rate swap agreements that had an aggregate notional amount of $234.0 and maturities through March 2021 and additional swaps with a notional amount of $248.4 that cover the period from March 2021 to November 2024.
−Removed: The fair value of these swaps totaled $7.8, with $1.4 recorded as a current liability and the remainder in long-term liabilities as of December 31, 2020.
−Removed: From time to time, we enter into forward contracts to manage the exposure on contracts with forecasted transactions denominated in non-functional currencies and to manage the risk of transaction gains and losses associated with assets/liabilities denominated in currencies other than the functional currency of certain subsidiaries (“FX forward contracts”).
+Added: At December 31, 2021, we had swaps with a notional amount of $243.7 that cover the period from March 2021 to November 2024.
+Added: The fair value of th ese swaps was $0.6 at December 31, 2021, with $2.5 recorded as a non-current asset and $1.9 as a current liability.
+Added: From time to time, we enter into FX forward contracts to manage the exposure on contracts with forecasted transactions denominated in non-functional currencies and to manage the risk of transaction gains and losses associated with assets/liabilities denominated in currencies other than the functional currency of certain subsidiaries.
None of our FX forward contracts are designated as cash flow hedges.
−Removed: The aggregate notional a mount of our FX forward contracts was $6.3 at December 31, 2020, with all of the $6.3 scheduled to mature in 2021.
−Removed: We had commodity contracts with an outstanding notional amount o f 3.2 pou nds of copper at December 31, 2020.
−Removed: The fair value of these contracts was $2.4 (recorded as a current asset) as of December 31, 2020.
+Added: We had FX forward contracts with an aggregate notional amount of $8.7 at December 31, 2021, with all of the $8.7 scheduled to mature in 2022.
+Added: The fair value of our FX contracts was less than $0.1 at December 31, 2021.
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.