Fiscal Year 2021 First Quarter

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Capital Allocation Framework slide · 70%

Our capital allocation priorities remain unchanged: working capital needs, quarterly dividend, required capex, strategic acquisitions, share repurchases, special dividends, and debt repayment (in order)

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capital-allocation-framework 90%

Prioritization of capital deployment activities listed in bullet points

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Includes footnotes regarding M&A definition and Q2'20 withholdings.