Here is a clip off of YouTube that shows the cut.
That’s a nasty cut once you’ve seen the original. Even in the 80’s they could have optically blurred the number out. Grease has had the coke signs in the Frosty Palace scenes blurred out since 1978. I’ve been told the 40th anniversary version has digitally inserted Pepsi signs since Paramount is apparently still too cheap to just cut Coca Cola a check.