“we still expect our full year 2022 tax rate is going to be somewhat elevated above the US statutory rate similar to what you saw. And for Q4 it could even be slightly above Q3.”

In context

“is year. You talked about it last quarter. Is that something that's going to extend into 2023? And if you could just provide any color around what some of the factors are driving that? Thank you. Christine McCarthy: Sure. So on working capital, we have seen net working capital outflows as our businesses are getting back up and running and going back to more normalized operations after they were turned down during the pandemic. And you'll see in this quarter, we did generate positive free cash flow of $187 million in the quarter. On taxes, our effective -- annual effective tax rate has generally been correlated with the US statutory rate. But there are a lot of things on a quarterly basis. We call them puts and takes in any given period. And these can lead to these quarterly variances. But we still expect our full year 2022 tax rate is going to be somewhat elevated above the US statutory rate similar to what you saw. And for Q4 it could even be slightly above Q3. As it relates to fiscal 2023, we're just working now through our annual operating plan. And I don't want to get too specific today but it's one of the factors we keep a close eye on as it relates to our ability to utilize foreign tax credits. And that ability to utilize foreign tax credits has been the source of some volatility that you've seen especially in Q2 tax rate. Alexia Quadrani: Okay. Thanks for the question. I want to thank everybody for joining us as well. And for your convenience we will be posting the pricing schedule and updated content slate on our website. Note that a reconciliation of non-GAAP measures that were referred to on this call to equivalent GAAP measures can be found on our Investor Relations website. Let me also remind you that certain statements on this call i”