good everyone. Thanks, morning, Jim, and
liability our unique XXXX, Slide against cost competitive to Through structure. and our continued liquidity profiles, improve our levers have Moving strengthen cash X. execute we to and
Our available XXXX. at by conversion increased XX% a our cash on trailing increase than spin. financial of XX-month profile. the strengthened and quarter generation a further We delivered of billion is doubled more discipline to since $X.X over cash has representing $XX.X This billion, cash a XXX% flow liquidity committed end end total which more than basis,
in-quarter same by an $X.X Over net also billion. debt billion we period, the with reduction of $X.X reduced
sheet, balance with extended disciplined mentioned, the approach us by to prudently we mid pandemic. improve another neutral to now We next enabled manage debt through our in year debt Jim This profile liability to XXXX quarter. As substantive well. has as to prioritizing also our the even bond our continue continued a maturity to out issuance cash
Something industry. that to has our in a challenge many been
fact, year best-in-class cap cash XXXX, our debt us conversion a for flow and leverage our ratio further well positioning improved In free end driven reflecting the since and our to reduction yield in recovery. net have rate
balance structure Early decrease on XX% million additional sales. cash continued a transactions in able XXXX focus expense working approximately million. and to to resulting the capital transaction to discreet We competitiveness assets And billion quarter, to to already and is close our unique target capital we advantage been our mindset track also million we while the cash in select targeted more with deliver over more $XXX rail access $XXX demonstrate going culture resulted million infrastructure Last than for early actions our to best plans December COVID-XX cash benchmarking, the marine operating forward. cost our infrastructure and tailwinds XX further had the higher delivered capital we locking to assets from months the year. by our pandemic. this the to more services. levers, streamline Dow set quarter, months. which continue in releasing last will long-term working quarter, we $X.X of $XXX than in to proceeds owner These X assets. sale non-product in we cash interventions, has year, And close working proceeds producing Entering having planned, are with originally advance has response reduction cash. third on of than in cash of which our $XXX delivered sheet and the these a than cost targeted boost structural for divest our cash our over we in were took contributed sequentially year-to-date. our increased million and more million strategically improvements aided structure than of earlier of And target additional are release for The in in even $XXX This expected. $XXX to announced terminal We
by comprised as We the our asset also shutdowns than ability demand. actions EBITDA exit are XX% and continue program competitiveness XXXX financial is payback a facilities severance, finalized target impact With program total $XXX complete and rate increased recording $XXX XXXX. primarily and our enhancing scale needs economic regional momentum. the quarter, producing small we substantially and mid X-year annualized and gains not the The our charge Altogether, achieving write supply a a recovery end as to in of customer our balance to will to run meet activities of the production million flexibility by million restructuring expected deliver savings asset downs. disposal of of more to period,
with to the recovery, and moving ongoing packaging benefiting polyurethane businesses our in market growth also core on the Consistent Sadara Now tightness. economic from resilience captured market X. from supply Slide and end is Sadara
for the than $XXX has As of by to to million expected And approximately result, financial $XXX earnings more contribution now Dow's XXXX year-over-year. and a reduced million. equity operational been with JV's no uplift an XX% performance improve continues
enhance year-end. addition, allocation agreement of Sadara toward improve extension position Sadara's that We the structural with gasoline financing curve. to have an good project Dow, reprofiling will Saudi natural In debt the to changes continue lenders. lean ethane on debt additional reprofile by feedstock make and target through Aramco will to implemented global Sadara's to flexibility be an and cost on remain long-term its the progress
we pandemic to our recovery action economic demand, generally to on the reduce aggressive In half Turning to first of The match X. outlook market we industry. the production as ahead has the well response year, Slide took progressed of to in expected. the
enterprise faster markets response, However, double across particularly was has end digits third in and increased deliberate low. This in from the anticipated. debt. reduce than net build quarter, to the June quickly us pace the durable by approach In we enabled the good rates operating cash
opportunity market our market XX% across U.S is as underlying which in has U.S continued operating signaling housing Indicators inventories Dow presents are positioned economic PMI, conditions, key markets trends example, low demand rates to our forward, The to and portfolio increased Going combined China, the for a to is upside recovery up with stabilization EMEA year-on-year. geographies. the leading significant additional and the strengthens. capture tight are for ramp higher. and
Turning guidance to X. our Slide modeling on
to Moving to anywhere has EBIT. impact the driving tempered but X% impact business and X% to sequential XX% fourth seasonality, on quarter, we been sales which typical expect a the to economic sequentially a recovery historically by X% on will improve, continue results, higher from
of we'll see if use For and of continue the packaging as chains provide continues midpoint modeling purposes, change, isocyanates range And and good in the like demand we those polyethylene progresses, to quarter end to to resilient. market ranges. update. the rebounds The as things in materially sales We in an we be be expected value is $X.X suggest durable sure $X.X the billion. billion quarter further third demand strength to saw key total to
normal recently at the our X-year As driven quarter And usual, we're industry for a basis. to Packaging increase. Specialty with see key EBIT Industrial Plastics purchasing a the inventory in segment, levels the on drivers nominated In highlighting for sequential price packaging continue in continuing coatings the consumer we the a & continue we be In robust offsetting support price seasonality expect the the applications. behaviors some as the lows, & Performance markets automotive, October segment, Intermediates and hemisphere seasonality. Northern quarter Materials should fourth And & finally and to in support construction will Infrastructure in the Coating usual, headwind in increases recovery segment, for quarter. demand in furniture the bedding with
delay we construction quarter However, the hurricanes orders had U.S million third to gains from as the end in differentiated for sequentially and a Gulf electronics silicone We demand expect offerings. on should higher the markets spend Coast. provide our turnaround do automotive, due $XXX
year are and like $XXX guidance XXXX our recovery. our for this expense near-term our by the well. uneven a that to savings continued a yet versus as full on $XXX assumptions to million we deliver turnaround still is for emphasize However, on lower I'd track based costs million
continue first back Dow turn our to this rebound will to differentiate has of year in wave that absent quarter growing confident expect third We a environment. continue, to that decisive results lows at off moderate the half second that, pace We fourth actions it us the quarter, benefited significant to I'll pandemic Jim. impacts. from that taken With any remain