Stephen Laszczyk: Great. Thank you. And maybe just one more on inventory. I was wondering if you could touch a little bit more on if there are any categories in particular where retail inventory levels ended the year in a particularly better worse or better spot? And maybe Hot Wheels fared better than the Doll category, for example? And then just as a follow-up on capital allocation, maybe for Anthony, it was great to see the credit upgrade in November. I was curious where the conversation stands with the other two agencies and what they’re looking for maybe in terms of a potential upgrade this year? And maybe as it relates to that, how you’re thinking about the magnitude of share repurchases that are incorporated in your guidance for 2023? Thank you.
Anthony DiSilvestro: Yes. So, in terms of inventory — retail inventory levels, there’s no category that materially over-indexes either way in terms of this situation. With respect to the rating agencies, we’re in continuing dialogue with them. and discussing our results. So, we’ll have to wait and see what, if any, actions that they take in the near-term. We feel really good about where our numbers are, 2.4 times debt to EBITDA were down from 2.6 last year, down from 4.1 the year before. So, we’ve made consistent improvement in that metric. And then lastly, on share repurchases. As I mentioned, we have $200 million of remaining current authorization, but not ready to share a specific number in terms of what our forecasted repurchases are for 2023.
Stephen Laszczyk: Got it. Thank you.
Operator: We have time for one more question. Your final question from Fred Wightman of Wolfe Research.
Fred Wightman: Hey guys. Thanks for squeezing us in. I just wanted to ask about the expectation for higher incentive comp in 2023. I think you sized that at $100 million year-over-year. I would assume most of that came out of 4Q, but how should we think about the sequencing? Do you guys have to book some of that as we move throughout the year, or should it really just hit in the fourth quarter year-over-year?
Ynon Kreiz: A good point. The reduction this year came predominantly in the fourth quarter. But in a normal year, we would accrue that ratably through the year and adjust as we update our forecast.
Fred Wightman: Okay. And then there was a comment earlier just that you’re assuming some film participation in the topline guide. I’m wondering if that is sort of a new treatment or a new expectation or if we think about some of the prior 2023 targets that were out there, that you guys had obviously removed last quarter, but if you were sort of always assuming there would be some film participation when you were putting numbers into the market?
Ynon Kreiz: Yes. We’ve consistently made that assumption in terms of fill and participation. Some of the franchise adjacencies that we do have get included in our category reporting as well.
Fred Wightman: Great. Thanks a lot.
Anthony DiSilvestro: You’re welcome.
