“At the beginning of the year, we guided toward $0.25 to $0.30 of negativity to interest expense for the year; we're about $0.10 into it, so we've got about $0.20 to go for the balance of the year under the current interest rate environment.”

In context

“Brian McDade (Chief Financial Officer): Mike, we're focused on our balance sheet and preserving liquidity. We're active across a variety of markets and have done two deals in Europe in the past quarter. We're looking globally for interest opportunities, including considering yen funding. There are a variety of capital markets executions available. Credit spreads are tight, pricing off a higher base rate, but there is plenty of capital in the world to refinance our debt. We're being proactive about interest expense and managing it appropriately. At the beginning of the year, we guided toward $0.25 to $0.30 of negativity to interest expense for the year; we're about $0.10 into it, so we've got about $0.20 to go for the balance of the year under the current interest rate environment. We'll continue to manage as we head into next year.”