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  "documentTitle": "2025 Investor Day",
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      "kind": "callout",
      "text": "Targeting 2-3% gross productivity annually - direct materials to remain largest source of productivity",
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      "text": "Cost base excluding R&D and selling: ~$16.5B",
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      "text": "1. Figures are adjusted and represent 2024; excludes Commercial Refrigeration\n2. See appendix for additional information regarding non-GAAP measures. 2025E is outlook as of May 1, 2025",
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      "text": "Expanding operating margin through productivity",
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