The Kraft Heinz Company

Ladies and gentlemen, thank you for standing by and welcome to the Kraft Heinz Company fourth quarter results conference call. At this time, all participants are listening on the mode. After the speaker's prepared remarks, there will be a question and answer session. To ask a question, please press star then one on your text tone telephone. As a reminder, today's conference call is being recorded. I will now turn the conference over to your host, Mr. Chris Ducubit. Sir, you may begin.

Thank you and hello everyone. Thank you for joining our Q&A session today. As you know, during our remarks today, we will make some forward-looking statements that are based on how we see things today. Actual results may differ due to risks and uncertainties, and these are discussed in our press release and our filings with the SEC. We will also discuss some non-GAAP financial measures today during the call, and these non-GAAP financial measures should not be considered a replacement for and should be read together with GAAP results. You can find the The Gap to Non-Gap Reconciliations Within Our Earnings Release Before we begin, I do want to highlight that we will provide greater details on our 2021 initiatives during our presentation at the CAGNI conference this coming Tuesday. So today's session will be most productive if you limit yourself to one question and focus your questions on our results and the announcements that we have made today. With that, I'll hand it back to the operator and we can start the Q&A.

Thank you. Again, if you'd like to ask a question, please press star then 1 on your text phone telephone. One moment. Our first question comes from Andrew Lazar of Barclays. Your line is open.