“First of all, I think it's important to highlight the 2024 guidance that we've given. It would be close to flat if we were to exclude those few hyperinflationary markets.”

In context

“ing with our bottlers to get the revenue growth management and their unwavering commitment to drive execution and build capabilities and capacities in the marketplace. And that does help, Power, the overall performance I talked about in the answer to the previous questions. So, as -- I think we're in the penultimate chapter of the refranchising. There's only really a couple of pieces left at the right time with the right partners, we would like to finish the play. But really, we have our eye on the prize on creating a much stronger system together with our bottling partners to continue the top of the algorithm momentum very far into the future. John Murphy: Great. And on currency, Steve. Let me just make a couple of comments in case there are other questions out there on currency overall. First of all, I think it's important to highlight the 2024 guidance that we've given. It would be close to flat if we were to exclude those few hyperinflationary markets. And it just reinforces the point that we're making on that sort of distortion that those few markets have. And then secondly, with regards to your specific question, I do not have that breakdown. Today, there is just too many -- there's just too many puts and takes, particularly in that below the operating income line as we go through the year. You got to do a monthly remeasurement on the balance sheet items. And that's just a calculation, that's -- I don't have the ability to predict with great detail. So I just keep in mind that the overall impact I think is the one to focus on. In normal years the multiplier is 1.5 times to 2 times, we would continue to assume that will be the case going forward. But these hyperinflationary markets have a tenancy to create that distortion that we've hi”