Paul Alexander | VP, IR |
Tom Falk | Chairman and CEO |
Mike Hsu | President and COO |
Maria Henry | CFO |
Olivia Tong | Bank of America Merrill Lynch |
Jason English | Goldman Sachs |
Ali Dibadj | Bernstein |
Bonnie Herzog | Wells Fargo |
Lauren Lieberman | Barclays Capital |
Dara Mohsenian | Morgan Stanley |
Stephen Powers | Deutsche Bank |
Wendy Nicholson | Citi |
Kevin Grundy | Jefferies |
Steve Garmaise | RBC Capital Markets |
Andrea Teixeira | JPMorgan |
Steve Strycula | UBS |
Jonathan Feeney | Consumer Edge |
Ladies and gentlemen, thank you for your patience and holding. We now have your presenters in conference. Please be aware that each of your lines is in a listen-only mode. At the conclusion of today's presentation, we will open the floor for questions. At that time, instructions will be given as to the procedure to follow if you'd like to as an audio question.