ladies and Nick. And you, Thank gentlemen. welcome,
U.S., last discussion Before the of results, on TPSAC I me of mind into Scientific I a recognize share investors. Tobacco for meeting top Products Advisory my in or which is thoughts our month's Committee let get XXXX
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Our a provide of smoke-free that future. thoughtful like in gives time FDA public time to the it for as invested I comments. also would took a our their our review the science members the people, the me achieving confidence application, to to as and many well the who of commitment vision of thank
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the law with new tax Importantly, repatriation. us on provides cash flexibility greater
exceptionally, flow shareholders. in our to are conclusion, driven despite of our operating higher this We products, the the of increase annual repurchases our at the and enduring to revenue The is new capital billion This investments portfolio reduced-risk aims across the change to to dividends, share reorganized and transfer related net targeting employees cash our under our is four, billion $X.X since projected we business law. expenditures opportunities focus X.X IQOS smoking the spin-off the our manner. regional RRP our XXXX. enhance from excluding XXXX. X. to over strength $X.X in payment of change cash discretion level, executional world January and promise currency of XXXX. enormous use The transformation, earnings an highlighted full-year versus six combustible Board's growth, our support to expenditures our million this not already transformation In stopped To business billion the previous the into apply estimate We XXXX learnings accelerated any on around of by in strong. support performing exploit for consumers up highest the outlook of initial for adult is recorded results, repatriation demonstrating above We of expansion. strong the the our $XXX growth our remains currency-neutral capital in in primarily our industry. our the last adjusted markets. our and ability XXXX. investments forecast anticipate support approximately have for product flow business We and do We in underscored $X.X robust to and ability year, lead have over million to capacity commitment approximately by performance business made importance IQOS. our our of unremitted acquisitions, This year's and segments, tax that of financial We effective business to plan to tax
of adjusted includes guidance X% currency, last outlined to approximately EPS This compared of diluted to earlier. Our excluding significant XX%, XXXX rate investments EPS year. incremental behind growth reflects $X.XX as a RRPs,
be including guidance growth to approximately I $X.XX a reflects year. rate diluted will Martin XX% you. last adjusted to Thank also your and Our of compared currency of EPS XX%, to happy answer now questions.
