People & Talent Agenda

• Debt Maturity Profile Committed to maintaining investment grade credit rating Current average cash interest rate is 3.8% $3,500 Investment Grade Ratings: S&P BBB+ As of 9/30/2019 $3,000 Fitch BBB Moody's Baa2 $2,500 Approx. 18% of debt is point increase in variable $2,000 floating-rate; every 100 basis interest rates is ~$16 million $1,500 $1,000 $500 $0 2020 2021 2022 2023 2024 2025 ■Senior Notes ■IRBs 2026 Credit Facility 2027 2028 2029+ 27

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