People & Talent Agenda

● Cash Flow Utilization Priorities We have an efficient and balanced approach to cash utilization which drives shareholder value Internal Growth & Acquisitions Share Repurchase Increase Shareholder Value Dividends Strong Capital Structure 2019 Estimated Cash Utilization Acquisitions Γ I Dividends Share Repurchase I $550M 7 $500M I $400M Est. $900 million cash returned to shareholders in 2019 $4.7 billion cash returned to shareholders over last 5 years We return a majority of free cash flow to shareholders 15

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