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      "text": "In Q2, the company repurchased $1 billion of stock, and we are on track to buy back $3 billion by fiscal year end",
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      "text": "We still expect to generate over $8 billion in free cash flow(1) this fiscal year",
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      "text": "On a total company basis, we remain positioned to exceed our $7.5 billion annualized cost target by the end of fiscal 2024",
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      "text": "(1) Diluted EPS excluding certain items and free cash flow are not financial measures defined by GAAP. The most comparable GAAP measures are diluted EPS and cash provided by operations, respectively. See the discussion on page 20 for a definition of diluted EPS excluding certain items and why Disney is not providing a forward-looking quantitative reconciliation to the most comparable GAAP measure, and see the discussion on pages 20 and 23 for how we define and calculate free cash flow and a reconciliation thereof to an estimate of the most directly comparable GAAP measure.",
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