Jerry Revich: Jim, I’m wondering if you could just expand on your comments in mining. Your biggest competitor in trucks is posting 250% book-to-bill. I’m wondering if you’re seeing that level of bookings activity? And are we finally at a point where we’re hitting the sweet spot of that replacement cycle for what we delivered a decade ago? Or are there some idiosyncratic ebbs and flows in the data points? Thanks.
James Umpleby: Well, thank you. Thank you, Jerry. And certainly, as we’ve talked about many times, mining is kind of a lumpy business quarter-to-quarter. And our mining customers are remaining capital disciplined. What we’ve talked about for some time is what we expect is a gradual increase over time in our mining business, and that’s certainly the way it’s played out. Certainly, at the moment, large truck sales, our activity, that activity is robust. That quotation activity is quite robust, and some other products, not quite as strong. But again, just based on what we see required in terms of commodity production increases to support the energy transition. We feel very good about that business. We do believe quite strongly that we have the best autonomous mining solutions.
We now have about 600 autonomous trucks in operation around the world. And one of the great things that’s happened is that we’ve been able to reduce the cost such that now, a smaller mine can make a capital investment to put autonomy. And so when we’re talking to miners now, autonomy is almost always part of that discussion. We’re down to about 12 to 14 trucks. But mine is about 12 to 14 trucks. It could pencil to put autonomy, and we’ve actually seen mines adapt autonomy with that low number of trucks. So we’re quite bullish about what we see coming in again, and we’re leveraging that autonomous solutions, whether it’s in iron ore, copper, gold, oilsands, a whole variety of applications. But again, we’re certainly long-term bullish about that business.
All right. Well — so if I can, I’d like to thank you all for joining us, and we certainly appreciate your questions. Again, I want to thank our global team one more time for just an outstanding quarter. And to reiterate, based on our strong operating performance due to the strong results that we achieved in the second quarter, we now believe that 2023 will be even better than we had previously anticipated during our last earnings call. That includes higher full-year expectations for adjusted operating profit margin, ME&T free cash flow, which again, reflects that continuing healthy customer demand and our performance. Please stay safe. Thanks for your interest.
Ryan Fiedler: Thanks, Jim, Andrew and everyone who joined us today. A replay of our call will be available online later this morning. We’ll also post a transcript on our Investor Relations website as soon as it’s available. You’ll also find the second quarter results video with our CFO and an SEC filing with our sales to users data. Click on investors.caterpillar.com and then click on Financials to view those materials. If you have any questions, please reach out to Rob or me. Investor Relations general phone number is 309-675-4549. Now let’s turn it back over to Abby to conclude our call.
Operator: Thank you. Ladies and gentlemen, that concludes our call today and thank you for joining. You may all disconnect.
