Phil Winslow: Awesome. Thanks for that color. And then Debbie, just a follow-up on billings, at the beginning of the year, you talked about long-term deferred revenue, I think, being in the high 20s as a percentage of toll as you exit this year. I wonder if you could give us an update on that. And then in terms of next fiscal year, as you move towards 1-year billings, help us maybe quantify sort of the drawdown of long-term deferred revenue and the impact of that? Because obviously, you flagged the sell-side range right now of $1.2 billion to $1.7 billion, but obviously, that’s pretty broad. So maybe some color on the impact of long-term deferred next year would be helpful, too. Thanks.
Debbie Clifford: Yes. So overall, our messaging in these two areas hasn’t changed. So we were talking about long-term deferred as a percent of total deferred in that 20s range, and it’s going to continue to be there. The impact of our guidance adjustment for billings, a little over $100 million on a $5 billion number is not significant. And so we’re not anticipating that they will have a major impact on the metrics that you described. As we think about next year, I don’t have anything additional to share on how to think about the decline or what have you, other than to reiterate what I said before, and that is to think about the FactSet consensus that’s out there right now, that range of $1.2 billion to $1.7 billion. And then to reiterate that it’s really our goal to move as fast as possible because we really like to get this financial noise behind us.
Phil Winslow: Great. Thanks a lot.
Operator: Thank you. Our next question comes from the line of Adam Borg of Stifel. Your line is open.
Adam Borg: Hey, guys. Thanks for taking the questions. First, for Andrew, and then a follow-up for Debbie. So just given the macro, are you seeing any trends of customers either €“ not necessarily upgrading to collections that otherwise or doing so earlier in the year? Or conversely, any trade downs from collections to point solutions or even LT? And then I have a follow-up.
Andrew Anagnost: Yes. Okay. Great. Adam. No, actually, there is no change in those demand preferences with regards to collections and what people are buying. The mix of state essentially is same, the renewal rate of the states pretty steady. If anything, what we’re seeing is softness in the low end of our business, which is what you would expect in a climate like this. LT growth has lowed, LT renewal rates have seen some pressure. That’s where we’re seeing things. The collections percentages, the collections renewal rates, these have remained steady throughout the year and throughout the quarter.
Adam Borg: Awesome. And maybe just for Debbie. So €“ and I don’t know if this is a harder question to answer, but if the multiyear mix came in line with your original expectations, how we think about the billings guide or even the billings results in the year, right? If it was the original mix that going into the quarter. Thanks again.
Debbie Clifford: If I understand your question correctly, if the proportion of our business that had been multiyear was in line with our expectations then we would have hit our original guide. And the fact that we’re seeing some in that cohort choose to move to annual billings or annual contracts, that’s making it so that we’re reducing the billings and free cash flow guide. But maybe €“ did I understand your question correctly?
Adam Borg: Super clear. Thanks again.
