At the request of BD, today's call is being recorded and will be available for replay on BD's Investor Relations website, investors.bd.com or by phone at 1-800-839-2486 for domestic calls and area code 402-220-7223 for international calls. For today's call, all parties have been placed in a listen-only mode until the question-and-answer session.

Walt Disney Company (NYSE:DIS), with a market capitalization of $204.9 billion, reported its first-quarter earnings for 2025, surpassing expectations with an earnings per share (EPS) of $1.76 against a forecast of $1.