Mondelez International, Inc.

Good afternoon and welcome to the Mondelez International third quarter 2026 earnings question and answer session. Your lines are in place in the listen only until it's your turn to ask a question. In order to ask a question, please press the star key followed by the one key on your touchtone phone at any time. To remove yourself from the queue, press star 2. On today's call are Dirk Van de Put, Chairman and CEO, Luca Zaramella, COO, Amit Banati, CFO, and Shep Dunlap, Senior Vice President of Invention Relations. Earlier this afternoon, the company posted a press release and prepared remarks, both of which are available on its website. During the call, the company will make forward-looking statements about performance. These statements are based on how the company sees things today. Actual results may differ materially due to risks and uncertainties. Please refer to the cautionary statements and risk factors contained in the company's 10-K, 10-Q, and 8-K filings for more details on forward-looking statements. As the company discusses results today, unless noted as reported, it will be referencing non-GAAP financial measures, which adjust for certain items included in the company's GAAP results. In addition to the company's year-over-year growth on a constant currency basis, unless otherwise noted, You can find comparable gap measures and gap to non-gap reconciliations within the company's earnings release at the back of the slide presentation. We will now move to our first question. And our first question comes from the line of Andrew Lazar with Barclays. Please go ahead. Your line is open.

Thank you so much, and good afternoon, everybody.

Hi, Andrew.