“The rural builds are actually performing at least as well or actually better than we expected. And from a financial perspective, I'm still confident in where we are on the returns that we had said that we would have against those belts.”

In context

“market. So I do think the cost of money and the cost of labor and the cost of everything will affect our competitors' ability to build as well. Jessica Fischer: Yes. The advantage that we have there against many of them is scale. So certainly, when it comes to being able to acquire and then to move supply around the areas where we're ready and most able to build. I think that we have -- we continue to have a very good ability to do that. And really on the cost of capital side, the advantage that we have is a large amount of free cash flow that we're able to deploy really what's a relatively small portion of to execute on these builds. So we're not as beholden to borrowing on a regular basis to fund our builds as some others in the market are. So I think we continue to be well positioned. The rural builds are actually performing at least as well or actually better than we expected. And from a financial perspective, I'm still confident in where we are on the returns that we had said that we would have against those belts. Craig Moffett: Thank you. And again, congratulations to you and to Chris, Tom, for the transition. Tom Rutledge: Thank you. Stefan Anninger: Thanks, Craig. Katie, we’ll take our next question, please. Operator: Thank you. Our next question will come from Philip Cusick with JPMorgan. Your line is now open. Philip Cusick: Hi, guys. Thank you. A couple of follow-ups, if I can. Chris, looking forward to your event in December, I know you addressed somewhat a couple of things a minute ago, but I noticed you didn't mention updates on core network capital intensity or leverage targets as part of this transition, which are things that we hear people asking about in the market, any changes to consider here that you can give us a little preview on? And then second, I know it's early, but Jessica, c”