Our power industry diversification is driven by growth in renewables, hydro turbine controls and grid control and optimization and we bought an HMI company in Progea that complements the PLC assets that we had acquired from General Electric and really focuses on the hybrid and discrete segments. Your underlying is down. I know your paygrade. That's for sure, Dave. Thanks, Dave. Oh, there she is laughing at that one. That's fantastic. From our perspective, we went through -- Lal and his team, this year from a strategy standpoint, we are acquirers in the space. Turning to Slide 15. I never call you stupid. Someone came in and said, they can't hear us, but I think they can hear us. Jamie and his team -- I mean, the innovation that Jamie inherited from Bob and those guys is phenomenal and I think that we have unique opportunity. Additionally, we have lots of exciting features on the way over the next couple of years, so we're very excited about how that space is unfolding. Lastly, our effective tax rate dropped this quarter driven by foreign subsidiary reorganization efforts. Yes, COVID virus is still out there, but we have confidence we'll have a vaccine. Q4 combined sales for these business were up 10%. And, I guess, part of that mix is also considering that you guys said you did a better job of working down some of the backlog. He didn't go any deeper than we thought, but he didn't -- he has not recovered yet, primarily because of KOB3 in the turnaround business in North America. It doesn't mean you got to make more double down on it, but it's still growing and investments will come back. As we look at October, you can, I hope Jamie will comment on how we saw October and Lal will comment on how they saw October, but I think that we'll be down somewhere in the 6% to 7%. So, we're watching and we'll continue to communicate to you all about this KOB3 when we start seeing that happen. Looking at chart 27, we saw a return to growth in underlying sales in the fourth quarter of 2020 across many of our product lines driven by strength in the North America residential markets. Upper right hand corner, obviously Commercial & Residential came back strong, Lal's business is going sideways right now as we continue to wait for America. Change. We'll start seeing some additional investments in aftermarket and some KOB2 to come in and allowing us to have a little bit of growth in the second half year. And I think you already answered Steve's questions regarding conservatism around detrimentals and incrementals, but if Lal's business does turn, does he get to see better than historical incrementals, especially if KOB3 is coming back faster than KOB1? It's too early to tell, because the cycle could run into the third quarter if you have a hot summer. As it is right now, he's targeting internally a 20% deleverage in 2021 as he's got this forecast. That means they're getting ready and they'll start spending money. Total net sales were down 8% with underlying sales finishing down 9%. Cash flow performance was strong in the quarter with operating cash flow of $1.23 billion and free cash flow of $1.02 billion. Now, please turn to Slide 3. So, we've seen strong orders now, three, four months. And so, we'll see if that's sustainable or if it's just a blip on the radar here, but too early to tell, but some positive signs. We also experienced sequential improvement across our businesses as the quarter unfolded. Total segment adjusted EBIT margin decreased 30 basis points to 19.9%, reflecting aggressive cost control measures and strong operational execution as sales declined. Returns as of 01/14/2021. If you could just talk a little bit about your perspectives on what might be a structural change? Asia is on track right now to return to growth late Q1 or early Q2. Commercial and Residential Solutions orders turned sharply in the quarter ending up 6% on a trailing three month basis. Sorry, Josh. Again, we know some of that's restocking and so we're being prudent in what we put into the sales forecast at this time. But again, before I go to the charts, I want to make a very special call out to our Emerson employees around the world. We expect that underlying sales will be in the down 7% to down 6% underlying range as residential, life sciences, medical and food and beverage market growth is more than offset by challenging but stabilizing other process, discrete and commercial markets. Go ahead, Josh. I'll have to add that to my watch-list. I'll keep it quite brief. We almost set a new record as free cash flow, as a percent of sales at 15.1%. So just call me Andrew K, and we're good. Importantly, SG&A as a percent of sales declined by 150 basis points as aggressive cost control actions took effect. [Operator Instructions]. How are you doing, my friend? Yeah. Our second quarter outlook and growth percentage is slightly lower than Q1 as we believe the inventory rebuild restocking activities will start to level out a little bit. The operational headwinds from COVID-19 were broadly mitigated by restructuring and cost containment efforts. So that's encouraging to see as we've gone through the first, the first month of this fiscal. It's better or he won't be around by the time I step down. Andrew Obin -- Bank of America -- Analyst. We're resetting the industries we're going after, we're putting the resources, we're putting our facilities, what type of plants we want to have and from the perspective of what we're trying to get done with this repositioning. Very good. We have the leading DCS position in the life science industry, DeltaV, a position that has been invested in over time through both organic investment and acquisitions. The first is, I still believe and we still are executing around the investments for the globalization of natural gas. So what you have is, there's a lot of noise in the system right now as they -- people are chasing to restock inventories, there is real demand by home improvement and home sales. As we continue to invest in other technologies, as we make acquisitions, we are still a major supplier, a very important supplier, especially in KOB3, which, if you look in oil and gas industry, our KOB3 is probably closer to 70%. RXi industrial displays are vivid, responsive and modular, delivering high performance even in harsh and difficult operating environments. Adjusted EPS of $3.46 was above the guidance range of $3.20 to $3.35 and restructuring actions finished slightly above guidance of $300 million. Stock Advisor launched in February of 2002. Please go ahead. [Speech Overlap]. So, yeah, I'll let Jamie answer that. Our Sensi thermostat sensing and analytics platform continues to outperform and has been recognized in the industry. I think it was Jeff, because when I told him I was retiring and stepping down next year, they all cut off [Speech Overlap]. I will tell you that they tend to be more systems driven upgrades than valves and instrumentation, right now. In the middle part of the chart is our medical business, which grew 40% in 2020 driven by two predominant applications, mask manufacturing, where we use ultrasonic welding machines instead of, for example, glue to assemble masks and secondly, valves and regulators for ventilators and oxygen therapy devices for patient treatment. It's just a joy. Please go ahead. The problem will be, if we get into February, March, April and we don't see any turnaround in KOB3, if something happened, that will be a problem for Lal and his business. We're going to keep this on down-low. Automation Solutions underlying sales were down 11% and trailing three month underlying orders were down 19%. Please contact us if you need assistance purchasing this product in another country. And what's the expectation for China in fiscal '21 in your business, please? I know what -- how proud you guys are of the team, but this is not easy work, so it your mic, Lal. So, I don't want to get into the exact numbers, but just know that as we see the orders unfolding, they're good. I encourage everyone to read the CSR report if you have not yet had a chance to do so. So the way for us to get back to the very challenging operating cash flow and free cash flow number next year, which will still be very, very good is, we've got to get higher earnings, because as Frank and I've been communicating to all the people out there, the earnings is going to drive cash flow this year, not the liquidation of balance sheets. If you look at those historical charts we put out there. She didn't have the -- your last name starts with K. I don't want to pick on her, because she could cut me off the phone right now. Thank you. I don't look at the year right now and say, well, this quarter we're fine; this quarter, we're not. Yeah, I thought so. Why don't you start put your name as Andrew K, that way we all know who that is. We see growth occurring in the Europe Heating & AC Technologies Group businesses throughout the year and overall growth for the broader European portfolio returning in the second quarter. So, is there anything in the mix or anything like that? So that's encouraging again as we see activity pick up. Likewise. Trailing three month underlying orders were down 19% again reflecting stagnant but stabilizing demand trends. You know that, don't you? Got you. So that's what we're watching, Josh. We're on a global webcast right now. This increase in restructuring spend yields higher incremental savings in 2021 of approximately $245 million. He will return, but we don't know exactly when. It sounds as much fun as you trying to pronounce my name. It's a good thing, other than the fact that there won't be any new fields for many, many years for us to deal with from an installed base. Our aggressive cost actions are self-help, we are on track to deliver the peak margin plan we laid out in February of 2020 despite sales being approximately $2 billion lower than we said back then before the pandemic, before the -- obviously the recession, we've had to go through. And that will help us as people consolidate. I think that's right, David. Moving to Slide 10, we will review the P&L in the quarter. Obviously, you mentioned a little bit more capex, but again good conversion. So, the plus 1, plus 4 is what we're working at right now. I want again thank everybody out there for attending today and talk -- I apologize, we lost our webcast -- WebEx, I guess, webcast for everybody. Thank you. So I think we're very well positioned for 5% to 6% underlying sales growth in the first quarter. I think there are some positives in chemical, life science, automotive, as I said earlier, and that's offset by some challenges around power generation and refining. It's a big program. It'll depend a little bit on the mix and other factors, but it will be in that range. Well, best of luck. So, I just want to make sure that we -- I'm not trying to be too crazy here. And then, Dave, just one last quick one. Please go ahead. I want to appreciate everything you've done, I want to thank you for the job you did and thank you for everything you did over the last eight months as we brought -- got back into our offices, as we got back to the manufacturing plants and we opened and produced product for our customers. But I would say I'm in charge still and I will most likely name it with the Board sometime in late 2021. They have to spend money or those plants will have safety or quality issues and that's not a good thing for the facilities we operate in. We've been making this transition for some time now over the last several years and we'll continue to make it. I like the hand we have right now. Here we saw strength in residential, life sciences, medical and food and beverage markets more than offset by weakness in most other end markets. Number two, the manpower presence in customer sites. Good afternoon, guys. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 2:00 p.m. Eastern Time, 1:00 p.m. Central Time. Lal only have -- he is watching the restocking on the hybrid in the discrete side -- the early stages of that, because inventories have been taken the way down. They don't need Dave and so that's where it is right now. But... 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