Thank you very much, Mr. Kingsley.
Welcome, Diane; I appreciate your being here as well.
We are going to open for rounds of questions. Historically the committee has been a little bit less formal, for the most part, in its rounds, but we'll start with the standard first round and allot each party seven to eight minutes. Then we'll open up for a second round. If we have time we can go to a third.
Is that acceptable to everybody?