“We've introduced large tractor pricing for '26 as well. That's about 3% year-over-year.”

In context

“ng, production efficiencies, if you could just give us the puts and takes. Josh Beal: Yes. Thanks, Jairam. I mean a couple of points to start. And we talked about the setup from a demand standpoint, and we obviously don't know where retails are going to go. I think there's some positive tailwinds in both small ag and construction and forestry when you compare the underproduction that we've done this year versus building a line next year. So again, we'll see how those demand pieces play out for next year, but there's some inherent tailwinds just comparing, again, the underproduction this year to next. Thinking about price, obviously, we don't have a guide for next year, but indications, as we mentioned, for early order programs next year in North America, list prices are between 2% and 4%. We've introduced large tractor pricing for '26 as well. That's about 3% year-over-year. So you're going to see some lift from a price standpoint. We'll see where net-net price lands. But from a list price standpoint, that's favorable and helps to offset some of the impact we've seen on tariffs this year where, again, as we mentioned before, limited ability to price for tariffs in fiscal '25, just given where our order books have set, but you'll see that start to come into the business in 2026. Joshua A. Jepsen: Jairam, the one thing I would add, this is Jepsen, we'll continue our focus on execution on product cost reduction, production cost reduction and just the focus there to continue to drive. We've had good success over the last 2 years of taking cost out. And again, that kind of fits in the bucket of things we can control. We may see inflationary pressures. We'll see ul”