6 unchanged sentences
We may manage our exposure to transactional exposures by entering into foreign currency forward contracts for forecasted transactions and projected cash flows for foreign currencies in future periods.
−Removed: In 2020 and 2021, we entered into financial contracts to hedge the risk of fluctuations associated with the Chinese Yuan.
−Removed: Foreign currency translation adjustments on our underlying assets and liabilities resulted in an accumulated other comprehensive loss of $6.6 million for the nine months ended September 30, 2021, due to the effects of the strengthening United States Dollar in relation to almost all other currencies.
+Added: In 2021 and 2022, we entered into financial contracts to hedge the risk of fluctuations associated with the Euro and the Chinese Yuan.
Interest Rate Risk
−Removed: Our primary exposure to interest rate risk results from outstanding borrowings under the Credit Facility, which bears interest at variable rates.
−Removed: The variable interest rates on the Credit Facility fluctuate and expose us to short-term changes in market interest rates as our interest obligation on this instrument is based on prevailing market interest rates.
+Added: Our primary exposure to interest rate risk results from outstanding borrowings under the Amended and Restated Credit Agreement, which bears interest at variable rates.
+Added: As of March 31, 2022, the outstanding debt under the Amended and Restated Credit Agreement subject to interest rate fluctuations was $700.0 million.
+Added: The variable interest rates on the Credit Agreement fluctuate and expose us to short-term changes in market interest rates as our interest obligation on this instrument is based on prevailing market interest rates.
Interest rates fluctuate as a result of many factors, including governmental monetary and tax policies, domestic and international economic and political considerations and other factors that are beyond our control.
−Removed: As of September 30, 2021, the total outstanding debt subject to interest rate fluctuations was $0.
+Added: We have entered into certain interest rate swap agreements to convert the variable interest rate on our revolver and term loan to fixed interest rates.
+Added: The objective of the interest rate swap agreements is to eliminate the variability of the interest payment cash flows associated with the variable interest rate entered under the borrowings.
+Added: We designated the interest rate swaps as cash flow hedges.
+Added: Refer to Note 8, "Derivatives and Hedging Instruments", for further information on our interest rate swap contracts in effect as of March 31, 2022.
Commodity Price Risk
7 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.