“And below the operating line are actually our net interest expense, given the tremendous work we’ve done to completely restructure our debt portfolio, is actually a net benefit for us in 2022.”

In context

“e leverage is in the net -- on the P&L. John Murphy: Thanks, Bryan. Yes, on the -- as you walk down through the P&L, currency neutral, I think on the first point is top line is very robust. We have done a really nice job, I think, going into ‘22 on optimizing to our RGM efforts and the innovation pipeline that we have at play. And then, secondly, coming out of the reorg work that we’ve done over the last couple of years, we are doing I think a much tighter job on overall resource allocation, finding a good balance between investing as we need to for -- to support the top line, but also taking into account the opportunities that we have driven in the efficiency work that we have done. So, I feel confident that we have some flex from the gross margin line down in the currency neutral basis. And below the operating line are actually our net interest expense, given the tremendous work we’ve done to completely restructure our debt portfolio, is actually a net benefit for us in 2022. Operator: Your next question comes from Kaumil Gajrawala from Credit Suisse. Kaumil Gajrawala: A couple of things on just kind of understanding the balance between the pricing needs of your own and the commodity inflation you’re seeing versus the kind of pricing needs of your bottlers? I certainly understand that you work as a system, but you’re obviously different businesses and different regions and such. So, how do you work that balance between the two? James Quincey: Let me separate the businesses into the vast majority of the business, which goes through the bottling system, and then some businesses that go in parallel. When we’re talking about pricing needs of the concentrate business a bit that goes through the bottler, in the almost all cases, we have a system whereby we operate w”