2 unchanged sentences
foreign currency exchange rate risk, credit and counterparty risk, interest rate risk and commodity price risk.
+Added: These risks, as discussed below, have not changed materially versus the prior reporting period.
+Added: In addition, we are not aware of any facts or circumstances that would significantly impact such exposures in the near term.
Foreign Currency Exchange Rate Risk
13 unchanged sentences
Additionally, we may choose not to hedge certain foreign exchange exposures for a variety of reasons including, but not limited to, accounting considerations, the prohibitive economic cost of hedging particular exposures, or due to natural offsets among the different exposures.
+Added: See Note 8, Financial Derivatives and Hedging Activities, of the Notes to the Consolidated Financial Statements for further information.
Credit and Counterparty Risk
3 unchanged sentences
Interest Rate Risk
−Removed: Borrowings under our ABL Facility bear interest at floating interest rates.
+Added: Borrowings under our Revolving Credit Facility and Equipment Credit Facility bear interest at floating interest rates.
At September 27, 2024, we had no borrowings subject to floating interest rates.
−Removed: See Note 9, Borrowings, of the Notes to Consolidated Financial Statements for further information.
+Added: See Note 9, Borrowings, of the Notes to the Consolidated Financial Statements for further information.
Our exposure to interest rate risk also relates to our interest-bearing assets, primarily our cash and cash equivalents and marketable securities.
4 unchanged sentences
The prices of these raw materials fluctuate in response to changes in supply and demand fundamentals and our product margins and level of profitability tend to fluctuate with changes in these raw materials prices.
−Removed: We try to protect against such volatility through various business strategies.
+Added: We try to protect against such volatility through various business
During the fiscal year ended September 27, 2024, we did not have any commodity derivative instruments in place to manage our exposure to price changes.
1 unchanged sentence
The following table sets forth the potential loss in future earnings, fair value, or cash flows resulting from hypothetical changes in relevant market rates or prices as of September 27, 2024.
+Added: The actual impact of the respective underlying rates and price changes on the financial instruments may differ significantly from those shown in the sensitivity analysis.
Market Risk Category Hypothetical Change Estimated Impact
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.