Paul Alexander | Vice President of Investor Relations |
Michael Hsu | Chairman and Chief Executive Officer |
Maria Henry | Senior Vice President and Chief Financial Officer |
Lauren Lieberman | Barclays Bank PLC |
Dara Mohsenian | Morgan Stanley |
Nik Modi | RBC Capital Markets |
Olivia Tong | Bank of America Merrill Lynch |
Andrea Teixeira | JPMorgan Chase & Co. |
Jason English | Goldman Sachs Group Inc. |
Stephen Powers | Deutsche Bank |
Wendy Nicholson | Citigroup Inc. |
Kevin Grundy | Jefferies LLC |
Steven Strycula | UBS Investment Bank |
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 the presentation, we will open the floor for questions. [Operator Instructions]