13 unchanged sentences
Debt of our Financial Statements included elsewhere in this Report, the Credit Agreement provides for the Senior Secured Credit Facilities consisting of the Term Loan, the Revolving Credit Facility, and incremental availability under which additional secured credit facilities could be issued under certain circumstances.
−Removed: The Term Loan accrues interest at a variable rate that is currently based on London Interbank Offered Rate ("LIBOR"), plus an interest rate margin, in accordance with the terms of the Credit Agreement.
+Added: The Term Loan accrues interest at a variable rate that, as of December 31, 2022, is based on London Interbank Offered Rate ("LIBOR"), plus an interest rate margin, in accordance with the terms of the Credit Agreement.
Sensitivity Analysis
25 unchanged sentences
(Decrease)/Increase to Future Pre-tax Earnings Due to:
−Removed: (In millions) Net (Liability)/Asset Balance as of December 31, 2020 10% Strengthening of the Value of the Foreign Currency Relative to the U.S.
+Added: (In millions) Net Asset/(Liability) Balance as of December 31, 2021 10% Strengthening of the Value of the Foreign Currency Relative to the U.S.
10% Weakening of the Value of the Foreign Currency Relative to the U.S.
14 unchanged sentences
The tables below present our commodity forward contracts as of December 31, 2022 and 2021 and the estimated impact to pre-tax earnings associated with a 10% increase/(decrease) in the related forward price for each commodity:
−Removed: Net (Liability)/Asset Balance as of
+Added: Net Asset/(Liability) Balance as of
December 31, 2022 Average Forward Price Per Unit as of December 31, 2022 Increase/(Decrease) to Pre-tax Earnings Due to
9 unchanged sentences
Palladium $ (0.5) $ 1,803.34 $ 0.2 $ (0.2)
−Removed: Net Asset Balance as of
−Removed: December 31, 2020 Average Forward Price Per Unit as of December 31, 2020 Increase/(Decrease) to Pre-tax Earnings Due to
+Added: Net (Liability)/Asset Balance as of December 31, 2021 Average Forward Price Per Unit as of December 31, 2021 Increase/(Decrease) to Pre-tax Earnings Due to
(In millions, except per unit amounts) 10% Increase
9 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.