“With respect to the positive market factors, yes, it does include the sunset of low margin nameplates, namely Escape, but there's also benefits that we expect to achieve from changes in the U.S. regulatory environment, and the biggest impact there would be about a half $1 billion less of credits in the U.S.”

In context

“ement of $1 billion year-over-year, and I'll unpack that slightly for you. That assumes 2.5 to $3 billion reflecting the nonrecurrence of 2025 losses and capacity actions at Dearborn and Kentucky truck plants. So you'll recall that we had about $2 billion of losses last year. The expectation is that would be nonrecurring as we enter into 2026. Originally, we thought we would make up about $1 billion of that. Now we think we'll make up a half $1 billion to $1 billion based on the second fire in November. That's gonna be offset by 1.5 to $2 billion of temporary costs, and that's to ensure supply continuity. There will be tariffs and premium freight associated with that supply continuity of aluminum until we can get the Novelis hot mill back up and running sometime between May and September. With respect to the positive market factors, yes, it does include the sunset of low margin nameplates, namely Escape, but there's also benefits that we expect to achieve from changes in the U.S. regulatory environment, and the biggest impact there would be about a half $1 billion less of credits in the U.S. You'll note that we had about $0.7 billion of credits last year, but about a half $1 billion of that is attributed to the U.S. Cost, roughly flat. Excluding the Novelis impacts. We had industrial cost improvements. We're expecting maybe around $1 billion, again, in material and warranty costs. We're expecting tariff costs lower by $1 billion year-over-year. But, again, that's gonna be offset by the Novelis temporary costs in '26. We have higher commodity prices, we think, and there's also investment in UEB Energy, and the cycle plan that we spoke about. We also expect there to be continued growth in the high margin software and physical services businesses that we talked about in Pro but across all the retail, including Blue. Other factors, you know, are largely balanced exchange complian”