“clearly, a higher adjusted operating income margin in the second-half of the year and that's really largely driven by the impact of the cost actions.”

In context

“Arias: I guess it was a little bit of both. I mean, organic growth is going from high-singles to potentially low-singles and the EPS only actually came in pretty modest amount. So I was just wondering how much room you think you've given yourself, given your PPI comments whether, you know, you are -- I guess, the answer is you're comfortable with it, but how comfortable actually are you given the range of outcomes in the back half? Stephen Williamson: Yes. So we provided a range of outcomes and what you thought about what the market conditions could be and when we think about what the pull through would be on the revenue and that range of outcomes, plus the activities we're working on the cost side. I think that's an appropriate range for EPS. And then the phasing first-half, second-half, clearly, a higher adjusted operating income margin in the second-half of the year and that's really largely driven by the impact of the cost actions. So of the $450 million, $75 million impacted the first-half and you'll have $375 million of benefit in the second-half. And then revenue is a little bit more weighted and look at the year as a whole to the second-half versus the first-half. That's the other piece that drives the profitability in EPS difference. Thanks, Dan. Stephen Williamson: Yes. Okay, helpful. Operator: Thank you. Our next question comes from Vijay Kumar from Evercore ISI. Vijay, your line is now open. Please proceed with your question. Vijay Kumar: Hi, guys. Thank you for taking my question. Marc, maybe one on -- you know, thanks for all the color on the assumptions are on the guide change, when you look at the quarter, maybe can you talk about how things progress? I think China was down low-teens. Overall, organic --”