3 unchanged sentences
We are exposed to market risk from changes in foreign currency exchange rates, domestic and foreign interest rates, and commodity prices, which can affect our operating results and overall financial condition.
−Removed: We manage exposure to these risks through our operating and financing
−Removed: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
−Removed: RESULTS OF OPERATIONS - (CONTINUED)
−Removed: activities and, when deemed appropriate, through the use of derivatives.
+Added: We manage exposure to these risks through our operating and financing activities and, when deemed appropriate, through the use of derivatives.
Derivatives are viewed as risk management tools and are not used for speculation or for trading purposes.
1 unchanged sentence
We use foreign currency forward contracts, currency options, currency swaps and cross-currency swaps to hedge the price risk associated with firmly committed and forecasted cross-border payments and receipts related to ongoing business and operational financing activities.
−Removed: At December 31, 2020, our most significant foreign currency exposures related to the Brazilian Real, Canadian Dollar and British Pound.
−Removed: We also use forward or option contracts to hedge our investment in the net assets of certain international subsidiaries to offset foreign currency translation adjustments related to our net investment in those subsidiaries.
+Added: At December 31, 2021 and 2020, our most significant foreign currency exposures related to the Brazilian Real, Canadian Dollar and British Pound.
+Added: We also use forward or option contracts to hedge our investment in the net assets of certain international subsidiaries to offset foreign currency
+Added: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
+Added: RESULTS OF OPERATIONS - (CONTINUED)
+Added: translation adjustments related to our net investment in those subsidiaries.
These foreign currency contracts are sensitive to changes in foreign currency exchange rates.
5 unchanged sentences
At December 31, 2021, a 10% favorable or unfavorable shift in commodity prices would have resulted in an incremental gain or loss of approximately $26 million, respectively, related to these contracts.
+Added: There is no material change to market risk exposure other than foreign exchange, which is attributable to a change in the size of the derivative portfolio year over year.
+Added: For additional information, see Note 10 to the Consolidated Financial Statements.
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.