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      "text": "MAINTAIN STRONG BALANCE SHEET: $765 million of liquidity, Total leverage at 3.4x, Weighted average maturity of 5 years, ~20% of debt is variable-rate, Significant room under all debt covenants",
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      "text": "RETURN EXCESS CAPITAL TO SHAREHOLDERS: Targeting mid-30s dividend payout ratio, ~$450 million excess capacity for share repurchases, ~$540 million of remaining share repurchase authorization, ~$2.3 billion of capital returned to shareholders",
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