“At the end of the quarter, we had approximately $1 billion remaining under our currently authorized share repurchase program which we expect to complete by the end of this year.”

In context

“. We recorded $145 million of adjusted equity earnings for the second quarter, up 9.8% versus the prior year. As a reminder, we used the equity method of accounting for our investment in ABI and report our share of ABI's results using a one quarter lag. Accordingly, our second quarter adjusted equity earnings represent our share of ABI's first quarter earnings reduced by our lower ownership percentage following the partial sale of our ABI investment which occurred late in the first quarter. Lastly, on capital allocation. We returned significant value to shareholders during the first half of the year, supported by the partial sale of our investment in ABI, we returned $2.4 billion to shareholders through an accelerated share repurchase program which was completed during the second quarter. At the end of the quarter, we had approximately $1 billion remaining under our currently authorized share repurchase program which we expect to complete by the end of this year. We also paid $3.4 billion in dividends, resulting in total cash return to shareholders of $5.8 billion for the first half. Our balance sheet remains strong. Our debt-to-EBITDA ratio as of June 30 was 2.1x, in line with our capital structure goal of approximately 2x. As we continue to execute on our vision, we remain committed to creating long-term value for our shareholders and maintaining a strong balance sheet. With that, we'll wrap up. And Billy and I will be happy to take your questions. While the calls are being compiled, I'll remind you that today's earnings release and our non-GAAP reconciliations are available on altria.com. We've also posted our usual quarterly metrics which include pricing, inventory and other items. Let's open the question-and-answer period. Operator, do we hav”