10 unchanged sentences
COMMODITIES RISK
−Removed: We purchase certain commodities, such as grains and livestock in the course of normal operations.
+Added: We purchase certain commodities, such as grains and livestock, during normal operations.
As part of our commodity risk management activities, we use derivative financial instruments, primarily forwards and options, to reduce the effect of changing prices and as a mechanism to procure the underlying commodity.
2 unchanged sentences
Contracts designated and highly effective at meeting this risk reduction and correlation criteria are recorded using hedge accounting.
−Removed: We generally do not hedge
−Removed: anticipated transactions beyond 18 months.
+Added: We generally do not hedge anticipated transactions beyond 18 months.
The following table presents a sensitivity analysis resulting from a hypothetical change of 10% in market prices as of October 1, 2022 and October 2, 2021, on the fair value of open positions.
11 unchanged sentences
Market risk for fixed-rate debt is estimated as the potential increase in fair value, resulting from a hypothetical 10% decrease in interest rates.
−Removed: A hypothetical 10% decrease in interest rates would have increased the fair value of our fixed-rate debt by approximately $154 million at October 2, 2021, and $108 million at October 3, 2020.
+Added: A hypothetical 10% change in interest rates would have changed the fair value of our fixed-rate debt by approximately $215 million at October 1, 2022, and $154 million at October 2, 2021.
The fair values of our debt were estimated based on quoted market prices and/or published interest rates.
17 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.