For 2024: Expects modest interest expense and pension pressure from current rate environment; Repositioning spend ~in line with 2023. Sees cash growth in line or above EPS growth; improvement from lack of settlements. Beginning of multi-year inventory unwind, strong pipeline of growth capex. Robust M&A pipeline a focus for capital deployment. Aligning segments to three key megatrends: automation, the future of aviation, and energy transition. Comments taken from investor presentation slides.
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