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  "notes": "Includes debt maturity schedule, leverage ratios against covenants, and credit ratings.",
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      "text": ">$1B repurchase authorization remaining as of 7/30/2024.",
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      "text": "1 Gross debt/Trailing twelve month Adjusted EBITDA. 2 As defined in the Company's 2024 Credit Agreement.",
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      "text": "Capital Structure: Optimizes financial leverage benefits and financial flexibility; Target 2-2.5x leverage; ~$200M cash is needed to run the business. Free Cash Flow deployment: Expect to offset equity dilution; Opportunistic, price sensitive stock repurchases; Strategic value-enhancing tuck-in acquisitions; No current plans for material debt repayments",
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