“I'm going to expect to take some continued price in the future as well to cover that additional piece.”

In context

“dence of the year I assume you'll improve as the year progresses, but curious how you're thinking about it. Thanks. Josh Jepsen: Yes. Thanks, Steve, for the question. You got the numbers right. So it's $1.2 billion is the pretax tariff hit in 2026. That's about $600 million incremental, from the $600 million that we saw in 2025. The run rate of the tariffs by quarter is pretty evenly spread, roughly $300 million per quarter. If you look at our price cost, expectation for 2026, inclusive of tariffs in that number, we expect to be price cost positive. So we'll start to capture back we'll capture the incremental exposure this year and some of the exposure that we saw in 2025. Won't get us fully there, but it gives us a good chunk along the way continue to execute activities to mitigate that. I'm going to expect to take some continued price in the future as well to cover that additional piece. Thanks for the question, Steve. Stephen Volkmann: Thank you. Operator: Thank you. Our next question comes from Jamie Cook with Truist Securities. Your line is open. Jamie Cook: Hi, good morning. Just a question on production and precision ag, just on a 7% sales decline, the implied decrementals, I think, are approaching 60%. So just trying to understand that. I mean, I'm assuming a good portion of that is tariffs. So how much is allocated to tariffs? And also, just your comments on mix, understanding North American large ag is going to be down a lot, but you've also spoken to improving profitability in other regions in particular Brazil. So if you could just unpack the decremental margin on the sales decline? Thank you. Josh Jepsen: Yes. Your numbers are right, Jamie. If looking at PPA sp”