So people stay committed to travel, as we all know from the airlines. But with this extreme inflation, affordability for everything else in our life was very constrained. And so they've really cut back on anything that's a discretionary spend.

Oct 28, 2022 / receipt, needs a key / Mark Costa, CEO | earnings call 2022-10-28 | transcript ae841479-4cd0-413d-b7d2-ac521024b07f | chars 4244-4487 | segment 4

So, you know, those costs are obviously coming back, but there's still a lot of other costs, you know, of efficiency and structural costs or travel with COVID that is not going to come back, certainly not in the first quarter, but we would expect it to start coming back. you know, through the year.

Jan 29, 2021 / receipt, needs a key / Mark Taylor, CEO | earnings call 2021-01-29 | transcript fb1259a0-7363-4a98-8eeb-1e057b304d2a | chars 22819-23118 | segment 23

We have stopped travel, reduced consultants and third-party services, as you think through that.

May 1, 2020 / receipt, needs a key / Willie, CFO | earnings call 2020-05-01 | transcript 519c5b48-1872-4910-9f7d-4855c86c7c07 | chars 18412-18508 | segment 19

Laser focused on controlling costs and capital allocation

ir_statement / Sep 16, 2026 / receipt

Remain on track to implement ~$500M of price increases

ir_statement / Sep 16, 2026 / receipt

Maintaining discipline with capital expenditures of ~$400M in 2026, ~$150M below 2025

ir_statement / Sep 16, 2026 / receipt

On track with our cost-reduction target of $125M-$150M, net of inflation, building on actions taken in 2025

ir_statement / Sep 16, 2026 / receipt

Variable compensation expense resetting to a normal factor

ir_statement / Sep 16, 2026 / receipt

Drove a 350-basis-point sequential adjusted EBIT margin improvement through 8% higher sales volume/mix and disciplined price-cost management in AM and AFP and spread expansion in CI

ir_statement / Sep 16, 2026 / receipt

Made substantial progress toward delivering $125 million to $150 million of cost savings, net of inflation

ir_statement / Sep 16, 2026 / receipt

Benefit from cost reduction initiatives

ir_statement / Sep 16, 2026 / receipt

Benefit from cost reduction initiatives

ir_statement / Sep 16, 2026 / receipt

Cost reduction initiatives including lower shutdown costs

ir_statement / Sep 16, 2026 / receipt

Reduction of finished goods inventory in 1H to manage working capital resulting in an asset utilization headwind

ir_statement / Sep 16, 2026 / receipt

Benefit from cost reduction initiatives

ir_statement / Sep 16, 2026 / receipt