“And so as we intend to produce in line for new next year, combined with better inventory management on the new side, we think that balance of new and used should be relatively healthy going into 2024.”

In context

“ed inventories well below historic target averages. And so we look at combines we're, I think, something 40% below the historic average there and tractors, we're around 20% below that historic average. Part of that was, again, our dealers being proactive, but then also in the back half of 2023, we did increase our incentive spend on used to help dealers manage that used inventory. And I think the other part of the story here is just around how we've changed some of our leasing options relative to the last cycle. If we go back to 2012 and '13 and '14, John Deere and the industry at large was engaging in a lot of short-term leases that produced machines coming back to OEMs within 1 or 2 years, and that exacerbated some of the used inventory balances that we saw at the end of the cycle. And so as we intend to produce in line for new next year, combined with better inventory management on the new side, we think that balance of new and used should be relatively healthy going into 2024. Operator: The next question is from Rob Wertheimer with Melius Research. Robert Wertheimer: I just wanted to circle back to decremental margins in large ag. I think the production and precision is more like 38% versus 35%, obviously, not a huge difference. But I was curious if there's any mix headwind within that segment or R&D? And actually curious how you interpret what sounds like a more negative kind of combine Early Order Program versus some of the others? Is there any shift in time? Is that a combine-specific cycle? Is that -- how do you interpret that differential, if there is one? And is that kind of what's dragging down on the margins in the outlook? Brent Norwood: Yes. Thanks, Rob, for the question. Regarding our decrementals for next year, I think -- I mean, there's a number”