1 unchanged sentence
Earnings, cash flows and financial position are exposed to market risks relating to fluctuations in interest rates and foreign currency exchange rates.
−Removed: All potential changes noted below are based on information available at June 28, 2024.
+Added: All potential changes noted below are based on information available at September 27, 2024.
Interest Rate Risk
1 unchanged sentence
Assuming the 2023 Revolver was fully drawn to a principal amount equal to $500.0 million, each one percentage point change in interest rates would result in a $5.1 million change in annual cash interest expense.
−Removed: As of June 28, 2024, the notional value of the Company's interest rate swap agreements totaled $342.2 million.
+Added: As of September 27, 2024, the notional value of the Company's interest rate swap agreements totaled $442.2 million.
The difference to be paid or received under the terms of the interest rate swap agreements is accrued as interest rates change and recognized as an adjustment to interest expense for the related debt in the period incurred.
6 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.