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	NET WORKING CAPITAL SCHEDULE
	All amounts in USD millions | Driven by Assumptions sheet
		Year 1	Year 2	Year 3	Year 4	Year 5
	Current Assets
	Accounts Receivable	196	202	207	212	220
	Inventory	162	164	165	168	170
	Other Current Assets	32	34	35	37	38
	Current Liabilities
	Accounts Payable	108	113	121	125	132
	Other Current Liabilities	48	50	53	55	57
	Net Working Capital
	Net Working Capital	234	236	234	236	239
	Prior Year NWC	223	234	236	234	236
	Change in NWC	11	2	(2)	2	3
	NWC as % of Revenue	14.7%	14.1%	13.3%	12.8%	12.5%
	Cash Conversion Cycle (Days)	65	62	58	56	54
	Note: AR based on DSO, Inventory on DIO, AP on DPO from Assumptions. Change in NWC flows to Cash Flow Statement.