Tim S. Nicholls
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by results impacted were to $XX Hurricane quarter Florence. negatively related million Third
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balance exposure our reduce and the we quarter, with couple a actions our plan liability. start the to derisk pension let's took In of our to further So, pension sheet.
transfer $X.X we was entirely assets. executed liability of a funded pension planned billion, First, with which
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sheet with maintain last balance X.X an said target to I will credit on basis. times of As quarter, Moody's investment-grade X.X strong a debt-to-EBITDA a rating and we a
a so We X.X, our are priority. at currently about is ratio improving leverage
share or of XX% a we since is third quarter, increased the X.X% shareholders, the competitive cash XX% to our flow. this board repurchases. it billion third incremental $XXX from of completed framework million to XXXX of our to we And This consecutive of a end the will dividend Turning This free authorized share go forward. authorization the at a Also back and to allocation $XXX in we month, returning a of this month, in directors and as remaining capital commitment cash earlier quarter. be meaningful cash to increase previous repurchase $X our annually. the is million program. $X and our dividend annual sustainable by is reinforces Earlier part seventh
can share thoughtful and value. our a to repurchases cadence forward, be consistent based Going expect you on have
we financial spending for investments logic. disciplined, compelling. Currently, quarter, will that and call due billion are selective we be grounded are turn invest staying expecting back to strategic organic XXXX, the And Mark. will capital timing to to projects strategic Turning the I'll $X.X to and as M&A and capital attractive approximately the last committed on create through clear, on over very of we be of spend that allocation, our on will projects. topic on And
