And as we think about that product category in particular, as we go into 2023, just given the high-ticket nature of that product, we do expect that will probably weigh more heavily on Plumbing growth in 2023. And so, it’s broadly around what we’re seeing relative to the consumer right now. But Keith, I don’t know if there’s something else you want to add?
Keith Allman: Sure. Stephen, if you think the fundamental question of, if things are better, what would that drive in our business, and I think we’ve covered that in terms of thinking about our dropdowns on the incrementals and how we manage on the down with the decrementals. I would also put a finer point on this notion of volatility and things can change. And sure, yes, absolutely, a month doesn’t a quarter make and a quarter doesn’t make the year, particularly if you think about our business and our industry is in June or July and then what have ended up happening in kind of a tale of two halves of last year. So, things can change and this is a volatile time and we’re specifically focusing our organization on adaptability and looking at signals.
Now, in terms of how our guide or how the industry may improve, you point to rates, obviously, that’s a factor. We are a new — a repair and remodeling company and a little bit of new construction, but fundamentally, we’re in repair and remodeling. So, some of the things that could change the assumption for us would be home prices and home equity holding up better than expected, for example. Certainly, an increase in existing home sales would help. When you think about our International, down high single digits, if we saw better than expected GDP in U.S., Europe and China, that would clearly help. We’re strongly related to consumer confidence. So — and then, on the performance side, the ability for us to gain more share than expected. So, there are things that could — we’re watching and that could drive the economy to perform better than our guide.
Again, I’ll take us back to — our fundamental message here is, we have a very adaptable business, small ticket used on big projects, used on small projects. We cover very effectively on the premium segment in China, a brand leader in Europe and, of course, a strong fundamental base here in North America. So, our business is built for that and for these sorts of things in terms of variability and that’s what we’re driving. But there are areas, Stephen, that could lead to better-than-expected performance on the overall macro.
Stephen Kim: Great. Thanks a lot, guys.
Operator: The next question comes from Michael Dahl with RBC Capital Markets. Michael, please go ahead.
Michael Dahl: Good morning. Thanks for taking my questions. And I’ll echo others, John, congrats. It’s been a heck of a ride and look forward to catching up more offline. A couple of follow ups here. On the cost side, I think that the discussion with Mike earlier around the paint side was helpful. But just to follow-up there, some of your peers in paint have been talking about deflation coming through as the next quarter — couple of quarters progress. And so maybe you can give us a sense of how you’re thinking about costs and how you’re seeing costs in the paint business? And also, let’s expand that in Plumbing, it seems like it was going to have some tailwinds now maybe copper is back up. So, give us a little more color on what you’re seeing on Plumbing costs as we look through this year?
