“We do expect some pretty significant offsets as well more than $10 billion of offsets, which will also help.”

In context

“akness we are seeing in Q1 and uncertainty, can you kind of walk through how you are thinking about the path to turning free cash flow positive? David Zinsner : Yes. So we are not obviously guiding beyond the first quarter. But I would just say, we did a very good job in a challenging situation in '24 around cash flow from operations by driving strong working capital improvements, and we adjusted CapEx accordingly, and that helped stem the tide. So while we were negative in '24, we were closer to zero than we should have been based on the top-line results. I'd say it is more about the same in '25. We're going to be acutely focused on cash flow from operations, really managing working capital effectively. We adjusted the CapEx down, as I talked about in relationship to a different outlook. We do expect some pretty significant offsets as well more than $10 billion of offsets, which will also help. I won't throw out a number yet for adjusted free cash flow for the year, but I would just say that it is a focus that -- where we want to improve. I would say in addition to that, we have these non-core businesses, and we see opportunity to monetize there. That will help us delever because that's a focus of us -- focus of ours in 2025. We are far along on the process of Altera. I suspect that by the time we get to earnings next quarter, we will have something to say there that will help generate some cash that we can use to delever. John Pitzer: Thanks C.J. Jonathan, can we have the next question please? Operator: Certainly. And our next question comes from the line of Joe Moore from Morgan Stanley. Your question please. Joseph Moore : Great. Thank you. In the prepared remarks, you made r”