Business Overview Despite challenging global economic conditions, we strengthened our global paint and coatings businesses in 2015 to deliver another record year. We achieved the highest adjusted earnings per diluted share in company history. Other financial highlights included: Record full-year adjusted earnings per diluted share from continuing operations of $5.69, up 17 percent year-over-year; Full-year net sales of $15.3 billion; sales up more than 7 percent year-over-year in local currencies; Full-year cash deployment of $1.15 billion, including business acquisitions that totaled more than $400 million (purchase price) and share repurchases of approximately $750 million; Cash and short-term investments totaling $1.5 billion at year-end; and Record $1.8 billion in cash from continuing operations, up 2 percent versus the prior year. We also completed several strategic initiatives aimed at creating long-term value for our shareholders. These included the successful integration of Comex, the leading paint supplier in Mexico that we acquired in late 2014, and six smaller acquisitions that we expect will further strengthen our product, technology and distribution offerings to customers. We continued to reinvest in our businesses while also distributing cash through dividends and share repurchases, deploying approximately $2 billion to grow the businesses and reward shareholders. These included: Approximately $475 million directed toward capital spending, including several key growth projects; More than $400 million spent on six acquisitions (purchase price); and Approximately $1.1 billion returned to shareholders through dividends and share repurchases. We also maintained our heritage of rewarding shareholders by raising our annual per share dividend payout for the 44th consecutive year, including a 7 percent per-share dividend increase in April 2015.