Announces $10B share buyback authorization (15.6% of market cap) - investor day
- Targets net capex in low 30s as % of sales, could be more or less year to year
- Targets liquidity (cash on balance sheet, unused revolvers) in low 30s as % of sales
- Targets remaining net cash positive
- Targets at least 50% of annual free cash flow to be returned to shareholders starting in FY19