“And just to expand on that a little bit, the provisions of the One Big Beautiful bill are generally favorable for Emerson, avoiding some downsides that were in the outlook as part of TCJA and changing some rates there, that will be helpful -- modestly helpful as we move forward.”

In context

“Entergy which is building 2 combined cycle 754-megawatt power plants in Mississippi and Texas, and they're using the technology. So there's a really good customer adoption there already on that product that you saw as a demo. Deane Michael Dray: Good to hear. And then in your Q this morning, there's a reference to the One Big Beautiful bill talking about the accelerated depreciation that you're saying it would not be a meaningful impact for Emerson. Can you just clarify, is that a reference to your own CapEx? And what about customer CapEx with all this reshoring, there could be some benefit there. Can you just clarify? Michael J. Baughman: You are correct. That is a reference to ours. And you're also correct that it certainly could be a benefit to our customers as they think about CapEx. And just to expand on that a little bit, the provisions of the One Big Beautiful bill are generally favorable for Emerson, avoiding some downsides that were in the outlook as part of TCJA and changing some rates there, that will be helpful -- modestly helpful as we move forward. Operator: Our final question is from the line of Nicole DeBlase with Deutsche Bank. Nicole Sheree DeBlase: Just wanted to ask about the order outlook for 4Q. I think previously, it was up high singles. Now we're looking at 5% to 7% growth. Was that driven by a revision in the factory automation outlook? Can you guys just elaborate a bit there? Surendralal Lanca Karsanbhai: No. Look, the process hybrid has remained very consistent for us in terms of outlook. We are still expecting that to exit in the mid- single digits as we were prior. Discrete recovery has been very, very encouraging as we went through the quarter and you saw in the call. So double-digit exit rate there still expected. And then safety productivity, there's some comps in there but lower single digits on that one. And so i”