David Burritt : Well, thanks for those comments, Gordon. We appreciate them. As we keep doing the beating of the drum, we’ve got the strategic investments we have to get through because we’re going to generate $1 billion of cash through these and we’ll be done with those at the end of this next year. So we feel really good about getting those strategic investments in place. And so I do think that as we say and we’re going to have the growth and direct returns to stockholders. We want to make sure that we’re building that into our business model that our stockholders can always appreciate and expect for us to be able to give direct returns and stock buyback.
Jessica Graziano : If I can add, Dave, just a quick comment to that. Gordon, what I would is if you come back to our — the framework of our capital allocation strategy, that’s really a guide towards the way we’re thinking about how we’ll spend that cash, how we’ll put that cash to work, how we’ll look to grow the business and provide direct returns. In going down the list, the check box of making sure we maintain a strong balance sheet, making sure that we are prioritizing the investment in the strategy and in the initiatives that are going to generate even more cash flow, right, that virtuous cycle of investing in a business to drive more cash to reinvest and drive more cash. And then ultimately, the opportunity that we have today and tomorrow, to have that cash be returned to the stockholders in direct returns.
We’re really excited about the opportunity that we have and what we’ve built so far and how the continued focus of capital allocation in those strategies is just going to give us more power to grow in the future.
David Burritt : I think we need to all be clear on this. We got the capital allocation strategy. It’s a healthy balance sheet, making sure we get the strategic projects done. If there’s a 15% or better return that we can get quickly we’re in. And then, of course, we got the dividends and the stock buyback. But look at that schedule in there, that’s what we’re following. And as long as we’re generating that cash, we believe we’re going to be in absolutely fantastic shape.
Operator: And that was our final question. I will now turn the call back over to U.S. Steel’s CEO, Dave Burritt, for closing comments.
David Burritt : Well, thanks again for your interest in our company and our strategy. We’re looking forward to building on our successes from 2022 and delivering value to all of our stakeholders in 2023. None of this is possible without the commitment and dedication of our teams. Thank you for safely working for our customers and delivering quality sustainable steel solutions. We can’t stand still, and we have a lot more success together. And to our customers, thank you for your continued partnership, your support motivates us every day to make U.S. Steel, the best steel company and to provide you our customer with profitable steel solutions for people and planet. We appreciate you, and thank you so very much for the increase in market share.
Thank you also to our investors. If you currently own U.S. Steel stock or considering to purchase, know that we remain committed to delivering on our strategy, determined to execute those plans as promised and focused on generating the best stockholder value improvements from our transition to best for all. Now let’s get back to work safely.
Operator: Thank you very much. And that does conclude the conference call for today. We thank you for your participation as you disconnect your lines. Have a good day, everyone.
