“That trend has been consistent over an extended period. I go back 15, 20 years. We've demonstrated positive pricing across that period aligned with what we think global CPI has done. And that is actually a great proxy to think about how we continue to see pricing going forward.”

In context

“h UBS. Josh Spector: I was wondering if you could talk about pricing specifically in the Americas. I think it's been a source of strength for you guys and some of your competitors that have reported. So just curious, one, if that's more of a U.S. phenomenon or if that's more South or Central America where you're getting more pricing? And two, I guess, with energy prices semi-stable, demand kind of semi-stable what's driving some of that sequential acceleration in pricing within the region? Sanjiv Lamba: Thanks, Josh. So again, I think pricing is -- and we've said this a number of times before, Josh, I'm just going to maybe go back and recap that very briefly. We've said, if you go back and look at the long-term pricing trend, we track or are slightly ahead of globally weighted CPI for us. That trend has been consistent over an extended period. I go back 15, 20 years. We've demonstrated positive pricing across that period aligned with what we think global CPI has done. And that is actually a great proxy to think about how we continue to see pricing going forward. So, I want to just -- as you're thinking about pricing and as you're looking ahead, I want you to just keep that in mind because that I think in truth is really where our pricing efforts will continue to yield results going forward. Now, pricing continues to be robust in the Americas, I think we are seeing positive pricing both in the U.S. as well as in our Latin American businesses. And this, again, the trend itself is not inconsistent. It's a trend that we've been able to -- we have seen through the course of the last many quarters and in fact, consistently proven over the last 5 years as well. So again, there's nothing happening over there that's exceptional. All we're doing is -- management action drives pricing is how we think about it. And I think management action is driving the pr”