“It's -- we're making great progress on that at the moment. And without giving specifics, as you know from history and it will have a revenue headwind and a margin tailwind.”

In context

“given availability or as I said, lack of availability of some critical commodities in the marketplace. But actually, overall, we've had a very good run in the last number of years. And so we've been looking for the right time and the right partners to refranchise to. I think most importantly, this is a combination of a strong, local, long-term investing family, the Aboitiz Group together with some system expertise coming from CCEP. So, I think it's the right combination of partners that can bring bottling expertise and knowledge of the Philippine market -- Philippines market together to continue the track record of what's been achieved. John, do you want to do the other pieces? John Murphy: Yes. So on the transaction stuff, Charlie, we'll guide in February, assuming that the deal closes. It's -- we're making great progress on that at the moment. And without giving specifics, as you know from history and it will have a revenue headwind and a margin tailwind. And specifics, we'll give more details in February. And with regard to your last -- the last part of the long question, I would say the following. One is we have, I think, developed a strong position and created flexibility, given the momentum we have in the business, the stronger balance sheet we have today versus a few years back and the fact that we do have proceeds coming in from non-operating sources, i.e., the bottler refranchising primarily. We continue to be very focused on reinvesting in the business and returning capital. And as we look at some of these proceeds coming in, we will evaluate their best use, including share repurchases beyond the current objective we have to cover dilution. So more to come on that in February. Operator: Our next question comes from Bryan Spillane f”