“We have repurchased $1.2 billion in stock year-to-date and will continue to be opportunistic for the remainder of the year and into 2025.”

In context

“ts to LA growth. Latin America OI declined 4.8%, due primarily to lower volumes in Argentina and Mexico. Turning to Page 17. In Q3, we saw strong double-digit gross profit dollar NOI dollar growth. Top line growth, pricing execution and ongoing cost discipline helped fuel these results. In addition, cocoa is still relatively benign in Q3, thanks to our effective coverage strategies. In Q4, this dynamic will reverse with meaningful pressure to profit as Cocoa catches up to market levels. Next to EPS on Slide 18. Q3 EPS grew more than 28% in constant currency on the same drivers as OI. We continue to generate strong free cash flow as you can see on Slide 19. We delivered $2.5 billion to date, which includes a payment of nearly $400 million in the quarter related to the EU Commission matter. We have repurchased $1.2 billion in stock year-to-date and will continue to be opportunistic for the remainder of the year and into 2025. Before moving to our outlook, I'll provide some additional context on cocoa. Cocoa costs have decreased since all-time highs, and futures signal eventual normalization, albeit the market is still showing signs of nervousness due to tight physical availability ahead of the new crop. At this stage, the new crop outlook remains positive with significant recovery compared to last year. Both consensus and our internal outlook forecast a surplus and increased stocks into 2025. With still a few weeks to go before pods are harvested, we believe this is good news. We also continue to employ a flexible hedging structure that would allow us to risk manage next year. Moving to Slide 22 and our approach to pricing and cost as we move into 2025. In terms of pricing, we will continue to utilize all the”