“The total program, as a reminder, is between $700 million to $900 million of charge and $700 million to $9 million -- $900 million of benefits.”

In context

“usly, you had a nice step-up in sequential margin despite absorbing the 2.7% of pretax charges. So how do we think about the durability of the productivity actions, the positive price versus cost that look like was going on in the quarter? And how do you think about margin performance embedded in Q3? And Monish, the second half as it looks like you're forecasting margin below Q2 and Q3. Monish Patolawala: Yes Andy, I'll just start first with your question on sustainability, et cetera. There have been a few questions on cadence of restructuring charges and benefits. And we have attached an appendix that shows you by quarter where we expect to be for 2023 which is charges in the range of $400 million to $450 million and benefits in the range of $400 million to $450 million, so self-funding. The total program, as a reminder, is between $700 million to $900 million of charge and $700 million to $9 million -- $900 million of benefits. From a cadence perspective, depending on how the restructuring announcements play itself out, we've given you 2023, we expect 2024 charges by the end of 2024 to have pretty much taken most of the restructuring charges. The benefits, of course, show up in '25 and beyond. And once all these charges come to an end, the benefit is between $700 million to $900 million. Your second piece on where are we starting to see margin, as you have seen coming into the second quarter, one of the reasons for us able to beat expectations in the second quarter was driving supply chain efficiency. So factories started to heal better, raw materials started to flow better which allowed us to have longer runs. But at the same time, the work that the supply chain team has done under Peter Gibbins is starting to”