So we’re going to see some inflation trends catch up to us but that’s still maintaining a balanced view of price over cost. And we’re going to manage that. I think the other piece that we continue to push heavily on is productivity. And our focus there from a manufacturing productivity that gives us also the capability to offset inflation is something that remains important and will become more and more important as we go forward. But I think if you roll all that up, we still feel very confident and comfortable in our mid-teens guides through the cycle in our Insulation and our Composites business. We think the commercial strategies we’ve put in place have given us access to a more profitable product offering. And we think the operational improvements we’ve made in these businesses, we feel very comfortable with that guide.
Ken Parks: Yes. I think Brian covered everything on that question. The only tiny thing I would add is just think about what we’re all seeing in the inflation environment which is softer markets, not just ours but across the globe and softer markets — and by the way, resolution of a lot of the supply chain issues that we all were dealing with as we came out of COVID. And those 2 kind of moves give us some pretty good feeling that we’re going to see a better inflationary environment as we move through the year. We’re still expecting inflation but we expect it to be significantly less. You guys see the numbers. You can see the numbers in the 10-K but I’ll just kind of — at an overall level, we saw about $1 billion of inflation across all 3 of our businesses last year.
And rounded off, it’s probably about 1/4 of that number is tied to energy and asphalt-related costs. And what we see as we’re looking at those trends just, based upon the true market conditions right now, is we should see some relief there which also helps in that price/cost mix.
Operator: Our final question for today comes from Adam Baumgarten of Zelman & Associates.
Adam Baumgarten: Just on Roofing, to — given the inflation you’re seeing pick back up, are you expecting the need to raise price further to offset some of that asphalt and other inflation?
Brian Chambers: Adam, as we sit today, we’re still seeing positive price/cost mix to start the year. So we’ll continue to watch the inflation trends as we go forward and we’ll make adjustments as needed. But I think we’ve got a very good track record of being able to manage price relative to inflationary environments or deflationary environments. So we’ll continue to manage that closely and make those decisions as we see the year play out.
Operator: That concludes the Q&A session for today. So I’ll hand back to Brian Chambers for any further remarks.
Brian Chambers: Okay. Thanks, Alex and thanks, everyone, for your time today and your questions. We really appreciate your interest in Owens Corning and look forward to speaking with you all again during our first quarter call. Hope you all have a great day.
Operator: Thank you all for joining today’s call. You may now disconnect your lines.
