Corning Incorporated Q3 FY2021 Earnings Call

Operator: Welcome to the Corning Incorporated, Quarter 3, 2021 Earnings Call. [Operator Instruction]. It is my pleasure to introduce to you, Ann Nicholson, Vice President of Investor Relations. Ann Nicholson: Thank you, and good morning, everybody. Welcome to Corning's quarter 3 earnings call. With me today are Wendell Weeks, Chairman and Chief Executive Officer, Tony Tripeny, Executive Vice President and Chief Financial Officer, and Jeff Evenson, Executive Vice President and Chief Strategy Officer. I'd like to remind you that today's remarks contain forward-looking statements that fall within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements involve risks, uncertainties, and other factors that could cause the actual results to differ materially. These factors are detailed in the Company's financial reports. You should also note that we will be discussing our consolidated results using core performance measures unless we specifically indicate our comments relate to GAAP data. Our core performance measures are non-GAAP measures used by management to analyze the business. For the Third Quarter, the largest differences between our GAAP and core results stem from non-cash mark-to-market losses associated with the Company's currency hedging contracts, and non-cash impairment charges. With respect to mark-to-market adjustments, GAAP accounting requires earnings translation hedge contracts in foreign debt settling in future periods to be mark-to-