“Global tax reform is likely to be a headwind, but as always, we're focused on driving offsets, where we can.”

In context

“at we expect to continue into FY'25, you know, we've been working through our planning process, and we expect to wrap that up in advance of our Q4 earnings call. So we'll give our guidance in May. Not ready to give you real specifics, but from a high level, we've had no major changes to the puts and takes for next year that we discussed on our earnings call in Q2. And we're focused on obviously setting up guidance that sets us up for success, prioritizes innovation and allows us to deliver on our commitments. But just on margins and down the P&L, there are puts and takes, we've got inflation that's stabilizing a bit, but it's still higher than historical. Currency is always dynamic, but at recent rates we are facing a decent headwind from FX and we'll just have to see how that shakes out. Global tax reform is likely to be a headwind, but as always, we're focused on driving offsets, where we can. And as you know, we've made, we've made good and real progress on our COGS cost out work, and that started with centralizing our global ops and supply chain, and focusing those teams on putting in place tangible programs that we now have in place to drive that cost-out work. And always, we're continuing to focus on driving pricing as an important lever. We've built a new muscle around pricing and we're just making it stronger and stronger. And then we're always focused on controlling expenses. We've got discipline on our largest driver of our expense, which is our headcount. And we expect that to continue. So really no major changes from what we laid out last quarter. Larry Biegelsen: Okay. Geoff Martha: Okay, thanks, Larry. And I'll remind the analysts, please stick to one question and a”