How is the 2004 Restructuring Program progressing?
A. Reuben Mark: We are very pleased with what we have accomplished thus far. As you know, the four-year restructuring and business-building program that was announced in December 2004 was designed to accelerate growth and generate additional savings throughout the income statement. Now at the halfway mark, the Program is already generating sizable savings and remains on track to meet projections. The savings are being used to increase marketing spending, accelerate innovation and increase profitability. In 2006, we saw significant gross profit margin improvement, up 110 basis points, excluding restructuring charges, which is at the high end of the Company’s targeted range of 75-125 basis points. Including these charges, gross profit margin was up 40 basis points.
