We have got to keep the momentum going in order to achieve all of our objectives.

We are not highly leveraged, and we have a strong balance sheet. The rating agencies will readily admit that our financial numbers put us above investment grade.

They want to see these big cases cleared up.

We have a history of accretive transactions that have significantly benefited shareholders.

Our cost of debt will be lower than the return we expect from this business.

We evaluated a host of alternatives around the cash and the debt mix. One thing to keep in mind is that we do have about $500 million of debt that’s maturing this year and into...

Our results confirm that we have the right business plan and that Reynolds American is both on the right track and right on track.