13 unchanged sentences
Debt of our Financial Statements included elsewhere in this Report, the Credit Agreement provides for the Senior Secured Credit Facilities including the Revolving Credit Facility, and incremental availability (the "Accordion") under which additional secured credit facilities could be issued under certain circumstances.
−Removed: In the year ended December 31, 2023, we prepaid the entire outstanding balance on the Term Loan, which was our only variable-rate debt.
−Removed: Borrowings under the Revolving Credit Facility continue to be subject to interest based on a variable rate, but we had no outstanding balance on the Revolving Credit Facility at December 31, 2024 or 2023.
+Added: Borrowings under the Revolving Credit Facility continue to be subject to interest based on a variable rate, but we had no outstanding balance on the Revolving Credit Facility at December 31, 2025 and 2024.
Foreign Currency Risk
8 unchanged sentences
10% Strengthening of the Value of the Foreign Currency Relative to the U.S.
−Removed: Dollar 10% Weakening of the Value of the Foreign Currency Relative to the U.S.
+Added: 10% Weakening of the Value of the Foreign Currency Relative to the U.S.
Euro $ (15.1) $ (47.2) $ 47.2
−Removed: Chinese Renminbi $ (6.2) $ 5.9 $ (5.9)
Mexican Peso $ 15.5 $ 20.5 $ (20.5)
3 unchanged sentences
10% Strengthening of the Value of the Foreign Currency Relative to the U.S.
−Removed: Dollar 10% Weakening of the Value of the Foreign Currency Relative to the U.S.
+Added: 10% Weakening of the Value of the Foreign Currency Relative to the U.S.
Euro $ 18.7 $ (48.7) $ 48.7
Chinese Renminbi $ (6.2) $ 5.9 $ (5.9)
−Removed: Japanese Yen $ 0.0 $ 0.1 $ (0.1)
−Removed: Korean Won $ (0.0) $ (2.3) $ 2.3
−Removed: Malaysian Ringgit $ 0.0 $ 0.5 $ (0.5)
Mexican Peso $ (20.4) $ 19.8 $ (19.8)
British Pound Sterling $ (0.7) $ 6.2 $ (6.2)
−Removed: Commodity Risk
−Removed: We are exposed to the potential change in prices associated with certain commodities used in the manufacturing of our products.
−Removed: We may mitigate a portion of this exposure by entering forward contracts that fix the price at a future date for various notional amounts associated with these commodities.
−Removed: These forward contracts are not designated as accounting hedges.
−Removed: Refer to Note 19:
−Removed: Derivative Instruments and Hedging Activities of our Financial Statements included elsewhere in this Report for additional information related to the commodity forward contracts outstanding as of December 31, 2024.
−Removed: Sensitivity Analysis
−Removed: The tables below present our commodity forward contracts as of December 31, 2024 and 2023 and the estimated impact to pre-tax earnings associated with a 10% increase/(decrease) in the related forward price for each commodity:
−Removed: Net Asset/(Liability) Balance as of
−Removed: December 31, 2024
−Removed: Average Forward Price Per Unit as of December 31, 2024
−Removed: Increase/(Decrease) to Pre-tax Earnings Due to
−Removed: (In millions, except per unit amounts) 10% Increase
−Removed: in the Forward Price 10% Decrease
−Removed: in the Forward Price
−Removed: Silver $ 0.9 $ 29.67 $ 1.9 $ (1.9)
−Removed: Copper $ (0.7) $ 4.04 $ 2.1 $ (2.1)
−Removed: Net Asset Balance as of
−Removed: December 31, 2023
−Removed: Average Forward Price Per Unit as of December 31, 2023
−Removed: Increase/(Decrease) to Pre-tax Earnings Due to
−Removed: (In millions, except per unit amounts) 10% Increase
−Removed: in the Forward Price 10% Decrease
−Removed: in the Forward Price
−Removed: Silver $ 0.5 $ 24.61 $ 1.7 $ (1.7)
−Removed: Copper $ 0.2 $ 3.90 $ 2.5 $ (2.5)
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.