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The first quarter at a 47% conversion was pretty much what we expected. It was all in the guide in the 90% to the 100%. The first quarter conversion is driven by two pieces. One is higher compensation expenses from a year-over-year basis as we paid out. Thank you, John. And I wish you all a very good morning. Please turn to Slide 9. The 3M team delivered strong execution in Q1 in a macro environment that remains extremely fluid and increasingly uncertain. To wrap up, we had a good start to the year with solid growth, sequential margin expansion and strong cash generation. We are positioned for a successful 2022, and we'll stay focused on taking care of our customers, driving growth and improving our operational performance. Thank you for joining us.

Can you just maybe give a little more precision on the second quarter? And then, I mean, there's a lot of kind of moderate downward revisions to some of the assumptions. I'm just not 100% clear to me how the guide is reaffirmed, maybe you're talking about more -- you're still within the range but toward the low end? Just kind of those two factors, just to start.And there was an ask for people to know how much we were spending on cost for our litigation-related matters. So we've shown that as a separate line item. You can put it either way. At the end of the day, GAAP EPS is the first thing. Yes. So I'll start with your operating leverage question, Brendan. What I've said is, always in the long term, 30% to 40% is what our targeted leverage is, incremental leverage. And when you just think about it and look at our gross margin, which is anywhere between 45% to 50%, you can see you can get to the 30% to 40%. Understood. But it's not a sort of material headwind dialed in for Q2 or the balance of the year. You can sort of cope with it, the shortage still. During today's conference call, we will be making certain predictive statements that reflect our current views about 3M's future performance and financial results. These statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Item 1A of our most recent Form 10-K lists some of the most important risk factors that could cause actual results to differ from our predictions. Please note, throughout today's presentation, we'll be making references to certain non-GAAP financial measures.

Got you. And just a follow-up question. Interesting to note that you guys continue to push into electronics. You highlighted it as one of your sort of technologies within your periodic table. We will move on to the next one from Julian Mitchell with Barclays. You may proceed with your question. Second is the adjustment. So you can see how much you're spending on litigation and you can see the -- bring clarity to our underlying business. So, hopefully, that clarifies. Got it. That's helpful. And then really, just wanted to follow up on China, I saw that it was down low-single digits in the quarter. I'd be curious, Mike or Monish, maybe just provide how that was trending as the quarter ended and into April.As Mike mentioned, I encourage you to read our annual Global Impact Report to be released on May 11 with more details on our priorities and progress. Now I will turn it to Monish, who will cover the details of the quarter. Monish? To wrap up, although we remain cautious in this current environment, we are bullish about the long term. We are committed to delivering for our customers, taking appropriate price actions, driving operational execution and managing spending while continuing strong financial rigor and maintaining a strong capital structure and financial flexibility. In the long run, we will grow about the macro, expand margins and deliver strong cash. I want to take a minute to thank the 3M employees for delivering for our customers and shareholders in a very uncertain and fluid environment.