The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: Follow-up on the synergy questions here. I wonder if you could talk a little bit about what's volume-dependent and what's volume-independent
in the synergy creation. I mean, clearly, there has to be some kind of total revenue assumption to generate that $250 million of synergy savings in
it. So obviously, volume is going to be a little bit lower in 2020 than we anticipated. So can you just give us some color on what you can generate
independent of volume and what you need in volume in order to get to that $250 million?
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Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: So just to clarify that, the $250 million of total synergies, the volume piece of that was based on your volume in 2019, not some anticipated volume
in '22 or '23?
Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: Great. That's helpful. My follow-up on sustainability. You said you want to be a top quartile company in sustainability. Can you talk about what that
actually means to you and what you'll have to do in order to be a top quartile company, what kinds of metrics you're using, what things you're
going to lay out for us to track?
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