I would say the spin intent is clear for two reasons — first, AI compute density requires power and thermal engineered as a unified system, not bolted on; second, a generational electrical transformation toward solid-state transformers and 800-volt DC distribution. The spun company would deliver grid to chip for hyperscalers, colos, neoclouds, and utilities. Targeted Q1 2027, intended tax-free for U.S. shareholders. Revathi Advaithi to lead the new company; Michael Hartung becomes CEO of remaining Flex. To put a finer point on it, segment detail at spin disclosure.