“And as long as the global trade environment remains favorable and we make progress on the rate increases, we expect the fourth quarter to turn free cash flow positive and sets us up to exit the year with a very nice positive momentum heading into 2026.”

In context

“incremental $700 million of positive free cash flow. Now as we think about the third quarter, before we adjust for a potential onetime item, free cash flow, as I mentioned, is going to look a little bit more like the 2Q usage more or less. And here are the things that are driving it. The benefit of lower interest payments will be offset by this 777 2Q reversal that I just outlined. On volume, 737 could be a bit better. And I think the 787 is going to be pretty steady. And there's a few hundred million dollars of unfavorable timing shift from 2Q to 3Q, mainly CapEx spend. On top of this in the third quarter, there's a potential for a $700 million onetime payment related to the DOJ nonprosecution case. So that's the third quarter, which then sets us up for the fourth quarter to be positive. And as long as the global trade environment remains favorable and we make progress on the rate increases, we expect the fourth quarter to turn free cash flow positive and sets us up to exit the year with a very nice positive momentum heading into 2026. So when I put all that together, I think your number there of $3 billion is pretty reasonable for the full year. Operator: Your next question comes from the line of Sheila Kahyaoglu from Jefferies. Sheila Karin Kahyaoglu: Brian, congratulations on ending on a high note. Kelly, maybe one for you on tariffs. We've seen a number of trade agreements announced since April with lower tariffs -- with the tariff agreements benefiting Boeing orders potentially year-to-date. How do you think about the 0 for 0 with EU? How do you think that the order momentum builds from here? And given the 7-year backlog, how does that factor into pricing and deal negotiations and any potential impact on supply chain? Robert K. Ortberg: Yes, Sheila. Well, there's obviously been -- some of these deals have been a go”