John Renwick | VP, IR |
Steven Cahillane | CEO |
Fareed Khan | CFO |
Alexia Howard | Bernstein |
Bryan Spillane | Bank of America-Merrill Lynch |
Robert Moskow | Credit Suisse |
Ken Goldman | JPMorgan |
Tim Rainey | Pivotal Research Group |
David Driscoll | Citi |
Matthew Grainger | Morgan Stanley |
Michael Lavery | Piper Jaffray |
Pablo Zuanic | SIG |
Good morning. Welcome to the Kellogg Company Fourth Quarter 2017 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer period. [Operator Instructions] Thank you.