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summarized the in me it items. turning a touch resulted the of pre-tax that $X on the few to Appendix for four quarter. Restructuring found the be cover let special Chip, million some items I’ll items in can have items Slide Appendix. income over of related following in consisted On which we of XX briefly. back special these Before
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of majority the for discrete our discrete for disclosed which the XX-Q, in two second tax items quarter, items As in the quarter. previously third tax quarter, the the company the explain recorded
we reserve, that In decision recorded of $XX that of tax related Court, pursuant the a agreements. of an million conjunction which disallowed to some we share booking separation-related interest million net the charge of tax representing with First, XX% unfavorable National Spain’s from Corporation’s a $XX had recorded Alcoa related benefit to was liability deductions. certain
billion. continues the XX% finished at $X.X Second, fourth our quarter EBITDA at return XX Net $X.X and net was complete. times, is benefit our debt tax $XX receiving million continue million capital $XX the billion $X.X we reduce we liabilities. that approximately on update we a to Appendix, debt as of remains stands sequentially. a improvement and We debt our stands X.X to which XXXX. inquiry On after to of structure an from manage Slide the improve foreign tax authority debt recorded related in Gross provided to since billion tax and an up quarter our notification at of XXXX with
context Finally, to you the impacts remainder on give the I’d year. price for like some of aluminum
ton guidance $XX.XX will Our year. aluminum a Chip the of that in of metric minute for the price updated assumes remainder that cover per
trend The than that was lower with third-quarter the ton a average $XX.XX slightly metric per throughout at downward quarter.
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recent improved LIFO year-over-year prices the aluminum non-cash in metal impact First, $XX million. by the reduction lag
unchanged. Second, our desk trading current estimate remains for the
quarter spreads spreads, doubled is they’ve by Aluminum Third, China is and of since last of The actually tariffs XXXX. this – scrap spreads China in $XX will one gotten fourth it, that to of on going we scrap scrap more million. imposed expect less tariff into current the third that going right of imports. guidance on has scrap driver to doubled The continue Chinese a about unfavorable due the now on through XX% year. as than scrap has worse this increase quarter more
with operational million prior by sensitivities the guidance. the change our in in is has and roughly from improved Lastly, line our estimates $XX
before to Chip. the guidance, to Chip to the With assumptions to to used the annual XX turn in guidance I that, on it I’d that over cover annual derive be XXXX Appendix. note found Slide it will over the Finally, turning updated like can
