Doug Dietrich: Yes, I’d say some of that – like our assumptions around the fourth quarter, some of our higher margin products, that destocking does not end. But even then, I do think that we’re on track to hit those targets, Steve. It’s a little hard to predict what’ll happen. If the economy does fall off or something happens, that could be a challenge. But right now, we think we’ve got it in place. We’ve got a cost savings program. And so, we’ve got some levers that we’ve pulled to make sure we get there.
Steve Ferazani: Perfect. Thanks. And just last one, in terms of your expectations on timing on paying down the revolver. Obviously, this quarter you could see the year-over-year impact for interest expense. We had another rate hike. How quickly do you want to get that revolver down to get interest expense lower.
Erik Aldag: As quickly as possible, Steve. The higher free cashflow in the second half is certainly going to help.
Steve Ferazani: Okay, perfect. Thanks Erik. Thanks, Doug.
Operator: Our next question comes from the line of Mike Harrison with Seaport Research Partners.
Mike Harrison: Hi, just one more for me. I didn’t want to let you off the hook on the Talc announcement. Just curious, it looks like as of the end of last quarter, you had 460 open cases. I know the new number will be in the Q when it comes out, but where is that number today? And I guess, as you think about – you’re looking at divestiture. I believe your press release also used the term structural alternatives. So, is it your intention to exit or dispose of that business in such a way that you do not end up with legal liabilities or any exposure to further litigation related to that business?
Doug Dietrich: Yes, that’s correct, Mike. So, I’ll give you the number. Right now, the number you’ll see in the Q is 501 cases. And I think that reflects kind of what we’re talking about in terms of the increased kind of litigation environment that we’re facing. But yes, we’re looking at a comprehensive solution for both assets and ensuring that liabilities are dealt with efficiently and effectively. So, right now, we’ve started that process. We’ve made the announcement. We’ve looked at this. The business, again, is relatively small, under 3% of the company sales. We’re weighing that against kind of the ongoing cost to defend ourselves against what we see are meritless claims, the ongoing litigation environment and have made the decision to exit the business.
Putting the business up for sale, we’re looking at various alternatives. But yes, it will be dealt – we’re looking at structural solutions to deal with both assets and the liabilities of the business. So, more to come on that, and we’ll certainly give you an update as the program develops.
Mike Harrison: All right, thanks very much.
Operator: [Operator instructions]
Doug Dietrich: Okay, thank you, operator. Thank you, everyone, for joining today’s call. We’ll see you and talk to you again in three months. Thanks a lot.
Operator: This concludes today’s call. Thank you for your participation and you may now disconnect.
