“On the supply chain side, we said that we'll do $1 billion of productivity over the next 3 years. We did good this year, but we're also finding more opportunities... So you're going to see a little bit more on the productivity side next year.”

In context

“maybe on 2026. Can you maybe just give us a bit more definition on some of the margin puts and takes as it relates to the tariff roll forwards, stranded costs and then some of the productivity savings? And then maybe a tricky one on the EPS. You talked about high single-digits growth per year planning for '26 and '27. I'm just wondering if you have confidence that that's a decent place order for '26. Anurag Maheshwari: Okay. Thanks, Nigel. Just on the margin headwinds and tailwinds for next year, it's going to be no different from what it is this year. In fact, on the volume side, as we just add a discussion, the outperformance versus macro should accelerate next year. So you should see higher volume growth, more incrementals coming -- flowing through from that next year versus this year. On the supply chain side, we said that we'll do $1 billion of productivity over the next 3 years. We did good this year, but we're also finding more opportunities, which I mentioned earlier, if you look at the factory spend that we have, which is close to $6 billion and logistics. So you're going to see a little bit more on the productivity side next year. G&A, we're off the blocks really well this year. We're in fact finding more opportunities. We did some good work on IT side, on the indirect expense. And as we move into next year and the year after, we're also going to look at what does the strategy for IT mean for us. And for shared services as well as on the indirect, there's more that we can do facility management and MRO and so on. So you're going to see good tailwinds on that next year as well. So I would say, higher on the volume side, supply chain continuing and G&A continuing the way it is. On the EPS side, we will give you more color next year. what -- as I said, the intent of that page was when we started the year”