10 unchanged sentences
The risks from interest rate swaps include changes in the interest rates affecting the fair value of such instruments, potential increases in interest expense due to market increases in floating interest rates and the creditworthiness of the counterparties.
−Removed: After considering interest rate swaps that fixed the interest rate on $733 million of the principal amounts of our Initial Term Loan Facility, approximately 58% of the principal amount of our debt bore interest at floating rates based on LIBOR or ABR, as of June 27, 2020 .
+Added: After considering interest rate swaps that fixed the interest rate on $550 million of the principal amounts of our Initial Term Loan Facility, approximately 57% of the principal amount of our debt bore interest at floating rates based on LIBOR or ABR, as of September 26, 2020.
A hypothetical 1% change in the applicable rate would cause the interest expense on our floating rate debt to change by approximately $33 million per year (see Note 13, Debt, in our consolidated financial statements).
7 unchanged sentences
We also enter into forward purchase commitments for a portion of our projected diesel fuel requirements.
−Removed: We had diesel fuel forward purchase commitments totaling $88 million through September 2021 as of June 27, 2020 .
+Added: We had diesel fuel forward purchase commitments totaling $71 million through December 2021 as of September 26, 2020.
These lock in approximately 64% of our projected diesel fuel purchase needs for the contracted periods.
Our remaining fuel purchase needs will occur at market rates unless contracted for at a fixed price or hedged at a later date.
−Removed: Using current published market price projections for diesel and estimated fuel consumption needs, a hypothetical 10% unfavorable change in diesel prices from the market price could result in approximately $3 million in additional fuel cost on such uncommitted volumes through September 2021 .
+Added: Using current published market price projections for diesel and estimated fuel consumption needs, a hypothetical 10% unfavorable change in diesel prices from the market price could result in approximately $4 million in additional fuel cost on such uncommitted volumes through December 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.