“And as we sit here for the second quarter, we do expect to have a strong second quarter on cash. It should be sequentially up from first quarter and we expect more than 100% conversion for the second quarter.”

In context

“illion of remaining authorization on the buyback once that $7 billion that we planned for this year has been utilized. So we've got some latitude, some flexibility in that regard. With respect to the duty drawback, normal course, we would see that cycle somewhere, call it, four, five months, we'll see how things play out in this environment, but that would be a good planning assumption. Rahul Ghai: And Noah, for the -- on the first quarter cash, we basically came in, in line. I think we'd expect to kind of at the levels we are at, working capital was positive in the quarter. You saw the inventory build that we had, it was down - a little bit year-over-year just given the timing of cash tax payments and some of the employee liabilities that we had. But again, nothing unusual or unexpected. And as we sit here for the second quarter, we do expect to have a strong second quarter on cash. It should be sequentially up from first quarter and we expect more than 100% conversion for the second quarter. Operator: Our next question comes from Scott Deuschle with Deutsche Bank. Scott Deuschle: Hi, good morning. Larry Culp: Good morning, Scott. Scott Deuschle: Rahul, in your last Investor Day deck, you had this chart that showed price increases on both LEAP OE and LTSA contracts. And I think it compared pricing from prior to 2018 to pricing in 2022 and 2023. And the step-up was something to the tune of 100%, I think. I guess, can you characterize how much of that 100% increase in price you see at this point in the income statement versus how much is still just sitting in the backlog and remaining to be seen? Thank you. Rahul Ghai: Yes. No, Scott, you're right. So let me take that in two pieces. One, I think you're right, the shop visit prices are going up. And that's just basically the end”