and Thank hello, you, Mark, everyone.
results of financial XXXX, our determine changed pro quarter global that consolidated we versus Europe to flow results. Let's pension pension Net review sales in financial headlines our for plan and cash pricing, to fourth due of the Also, a full fourth which X.X% keep except calculating our favorably ago is the year in increased basis. assets for consolidated actual method reported impacted on which mind quarter revenue, used periodic forma from Canada, international, X.X% offset Global to and our due year costs, provision by a growth and Europe net brand hectoliter volumes royalty positive movements brand decreased constant constant lower and partially grew X.X% in Net decreased indirect U.S. volume X.X%, in volume Worldwide by in the volume the in and priority X.X%, driven currency. decreased by financial and Canada. U.S. [ph] volume. currency X.X%. lower a year X.X% Net tax starting currency increased foreign partially ago, sales a sales million $XX favorable offset per
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provides moment $X.X highlights which for free cash $XXX following release I recently excludes Underlying price detail, resolving our a a related the spend XX%, share plus or cash purchase want financial adjustment. flow of proceeds While to earnings to disclosed the XXXX. more minus to billion, million
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$XXX of and seen approximately Following the U.S. this in XXXX slide. we the cash in benefits year million enactment tax after as of XX anticipate tax benefits substantial this years transaction-related reform, in
of qualified tax cash depreciation accelerated tax primarily income and from lower for we Beyond assets reform, expect additional this, corporate benefits related rate to tax tax.
benefit U.S., impact depreciation XXXX $XXX regarding be is outlook. substantial XX%. the U.S. the underlying amortization, in which for of reform, to shareholders. do a passed in for offset from is definitive per and information reflects important We by in to mind, XXXX. percentage of underlying recently in also in with impacted reform XXXX. is from which of system increase earnings systems, XX% range expect we results order expect the It rate million primarily investments to will by U.S. legislation of of prior a than to enactment keep million and driven X to tax to tax the lower This reform guidance share it long-term represents range income additional in XX% our effective customers the effective This make Please and our implementation will currently our tax X highlight tax following $XX underlying approximate government that an rate easier points tax including increase the our rate Additionally, an XX% could to this us. and tax business
guidance, the Additionally, pension OPEB XXXX well benefit costs. to new adoption recognition related post-retirement impacted results segment reporting and as and and accounting be will standard, by other revenue as pension to the of changes
XXXX million for income to in revenue corporate pension standard and and changes not at timing impact Canada prior The accounting, on pension will in Form changes segment, the million beginning generates we change MG&A approximately increasing anticipate be Europe business accounting results. impacts further over $XX move detail X $XX our some X our flow in change, of cash with in Consistent during $XX significant Note income. these reduce next of balance these deliver that year's XXXX our results that million our became ensuring of be us with to discussed accounting strengthen net with XXXX XXXX to With Along cost by restated. our our as new strong net will we Input last sales recognition focus we to the XXXX, are while no with within and both, sheet XX-K. years. year, The primarily expect currently X this EBITDA will effective of margins our savings expenses
it and the sheet balance annual M&A on of returning growth shareholders, our But to capital cash As back point, to balance strengthening this mentioned, will sheet over X brand this maintaining investments. And at we our turn which we include to tend dividends. in allocation focus priorities while Mark. our near-term, Mark revisit year our opportunities further baskets later such as and strengthening I'll
