Item 1. Financial Statements

ANALOG DEVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(in thousands, except per share amounts)

			Three Months Ended
			January 31, 2026						February 1, 2025
Revenue			$	3,160,263					$	2,423,174
Cost of sales			1,115,287						992,871
Gross margin			2,044,976						1,430,303
Operating expenses:
Research and development			467,400						402,892
Selling, marketing, general and administrative			345,253						284,796
Amortization of intangibles			187,315						187,415
Special charges, net			47,982						63,887
Total operating expenses			1,047,950						938,990
Operating income:			997,026						491,313
Nonoperating expense (income):
Interest expense			86,345						75,264
Interest income			(32,257)						(23,487)
Other, net			(2,933)						3,960
Total nonoperating expense (income)			51,155						55,737
Income before income taxes			945,871						435,576
Provision for income taxes			115,045						44,260
Net income			$	830,826					$	391,316
Shares used to compute earnings per common share – basic			488,874						496,116
Shares used to compute earnings per common share – diluted			491,656						498,668
Basic earnings per common share			$	1.70					$	0.79
Diluted earnings per common share			$	1.69					$	0.78

See accompanying notes.

ANALOG DEVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

(in thousands)

			Three Months Ended
			January 31, 2026						February 1, 2025
Net income			$	830,826					$	391,316
Foreign currency translation adjustments			288						(159)
Change in fair value of derivative instruments designated as cash flow hedges, net			5,653						(77)
Changes in pension plans, net			200						523
Other comprehensive income			6,141						287
Comprehensive income			$	836,967					$	391,603

See accompanying notes.

ANALOG DEVICES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands, except share and per share amounts)

			January 31, 2026						November 1, 2025
ASSETS
Current Assets
Cash and cash equivalents			$	2,905,860					$	2,499,406
Short-term investments			1,142,987						1,152,915
Accounts receivable			1,360,184						1,436,075
Inventories			1,767,104						1,656,323
Prepaid expenses and other current assets			426,391						363,342
Total current assets			7,602,526						7,108,061
Non-current Assets
Net property, plant and equipment			3,248,983						3,315,696
Goodwill			26,945,180						26,945,180
Intangible assets, net			7,629,200						8,013,815
Deferred tax assets			1,759,646						1,867,102
Other assets			805,655						742,858
Total non-current assets			40,388,664						40,884,651
TOTAL ASSETS			$	47,991,190					$	47,992,712
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable			$	549,058					$	543,760
Income taxes payable			755,829						610,370
Debt, current			898,900						—
Commercial paper notes			543,042						446,639
Accrued liabilities			1,583,794						1,645,032
Total current liabilities			4,330,623						3,245,801
Non-current Liabilities
Long-term debt			7,240,279						8,145,066
Deferred income taxes			1,995,833						2,163,281
Income taxes payable			103,644						100,963
Other non-current liabilities			533,552						521,846
Total non-current liabilities			9,873,308						10,931,156
Shareholders’ Equity
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding			—						—
Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 488,204,157 shares outstanding (489,654,097 on November 1, 2025)			81,369						81,611
Capital in excess of par value			22,968,224						23,349,185
Retained earnings			10,886,107						10,539,541
Accumulated other comprehensive loss			(148,441)						(154,582)
Total shareholders’ equity			33,787,259						33,815,755
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY			$	47,991,190					$	47,992,712

See accompanying notes.

ANALOG DEVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

(Unaudited)

(in thousands)

			Three Months Ended January 31, 2026
															Capital in												Accumulated Other
			Common Stock												Excess of						Retained						Comprehensive
			Shares						Amount						Par Value						Earnings						Loss
BALANCE, NOVEMBER 1, 2025			489,654						$	81,611					$	23,349,185					$	10,539,541					$	(154,582)
Net income																					830,826
Dividends declared and paid - $0.99 per share																					(484,260)
Issuance of stock under stock plans and other			461						77						49,544
Stock-based compensation expense															85,675
Other comprehensive income																											6,141
Common stock repurchased			(1,911)						(319)						(516,180)
BALANCE, JANUARY 31, 2026			488,204						$	81,369					$	22,968,224					$	10,886,107					$	(148,441)

			Three Months Ended February 1, 2025
															Capital in												Accumulated Other
			Common Stock												Excess of						Retained						Comprehensive
			Shares						Amount						Par Value						Earnings						Loss
BALANCE, NOVEMBER 2, 2024			496,297						$	82,718					$	25,082,243					$	10,196,612					$	(185,256)
Net income																					391,316
Dividends declared and paid - $0.92 per share																					(456,338)
Issuance of stock under stock plans and other			411						68						41,679
Stock-based compensation expense															77,574
Other comprehensive income																											287
Common stock repurchased			(732)						(122)						(160,246)
BALANCE, FEBRUARY 1, 2025			495,976						$	82,664					$	25,041,250					$	10,131,590					$	(184,969)

See accompanying notes.

ANALOG DEVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(in thousands)

			Three Months Ended
			January 31, 2026						February 1, 2025
Cash flows from operating activities:
Net income			$	830,826					$	391,316
Adjustments to reconcile net income to net cash provided by operations:
Depreciation			105,886						98,447
Amortization of intangibles			384,615						417,156
Stock-based compensation expense			85,675						77,574
Deferred income taxes			(60,661)						(59,454)
Other			13,425						(799)
Changes in operating assets and liabilities			8,749						202,569
Total adjustments			537,689						735,493
Net cash provided by operating activities			1,368,515						1,126,809
Cash flows from investing activities:
Maturities of short-term available-for-sale investments			9,992						—
Additions to property, plant and equipment, net			(109,313)						(148,978)
Payments for acquisitions, net of cash acquired			—						(45,652)
Other			(7,708)						329
Net cash used for investing activities			(107,029)						(194,301)
Cash flows from financing activities:
Proceeds from commercial paper notes			3,046,825						1,969,276
Payments of commercial paper notes			(2,950,422)						(1,968,611)
Repurchase of common stock			(516,499)						(160,368)
Dividend payments to shareholders			(484,260)						(456,338)
Proceeds from employee stock plans			49,621						41,747
Other			(297)						438
Net cash used for financing activities			(855,032)						(573,856)
Net increase in cash and cash equivalents			406,454						358,652
Cash and cash equivalents at beginning of period			2,499,406						1,991,342
Cash and cash equivalents at end of period			$	2,905,860					$	2,349,994

See accompanying notes.

ANALOG DEVICES, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED JANUARY 31, 2026 (UNAUDITED)

(all tabular amounts in thousands except per share amounts and percentages)

Note 1 – Basis of Presentation

In the opinion of management, the information furnished in the accompanying condensed consolidated financial statements reflects all normal recurring adjustments that are necessary to fairly state the results for these interim periods and should be read in conjunction with Analog Devices, Inc.’s (the Company) Annual Report on Form 10-K for the fiscal year ended November 1, 2025 (fiscal 2025) and related notes. The results of operations for the interim periods shown in this report are not necessarily indicative of the results that may be expected for the fiscal year ending October 31, 2026 (fiscal 2026) or any future period.

The Company has a 52-53 week fiscal year that ends on the Saturday closest to the last day in October. Certain prior-year amounts have been reclassified to conform to the fiscal 2026 presentation.

Note 2 – Shareholders’ Equity

As of January 31, 2026, the Company’s Board of Directors had authorized the repurchase of an aggregate of $26.7 billion of its common stock under its common stock repurchase program and $9.1 billion remained available for repurchases under the program.

Note 3 – Accumulated Other Comprehensive (Loss) Income

The following table provides the changes in accumulated other comprehensive (loss) income (AOCI) by component and the related tax effects during the first three months of fiscal 2026.

			Foreign currency translation adjustment																		Unrealized holding gains/losses on derivatives						Pension plans						Total
November 1, 2025			$	(71,700)																	$	(69,777)					$	(13,105)					$	(154,582)
Other comprehensive income before reclassifications			288																		920						—						1,208
Amounts reclassified out of other comprehensive income			—																		5,893						200						6,093
Tax effects			—																		(1,160)						—						(1,160)
Other comprehensive income			288																		5,653						200						6,141
January 31, 2026			$	(71,412)																	$	(64,124)					$	(12,905)					$	(148,441)

The amounts reclassified out of AOCI into the Condensed Consolidated Statements of Income and the Condensed Consolidated Statements of Shareholders’ Equity with presentation location during each period were as follows:

						Three Months Ended
Comprehensive (Loss) Income Component						January 31, 2026						February 1, 2025																		Location
Unrealized holding gains/losses on derivatives:
Currency forwards						$	624					$	(1,579)																	Cost of sales
						718						(847)																		Research and development
						820						(2,084)																		Selling, marketing, general and administrative
Interest rate derivatives						3,731						3,731																		Interest expense
						5,893						(779)																		Total before tax
						(1,023)						(158)																		Tax
Total amounts reclassified out of AOCI, net of tax						$	4,870					$	(937)

Note 4 – Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

			Three Months Ended
			January 31, 2026						February 1, 2025
Net income			$	830,826					$	391,316
Basic shares:
Weighted-average shares outstanding			488,874						496,116
Earnings per common share basic:			$	1.70					$	0.79
Diluted shares:
Weighted-average shares outstanding			488,874						496,116
Assumed exercise of common stock equivalents			2,782						2,552
Weighted-average common and common equivalent shares			491,656						498,668
Earnings per common share diluted:			$	1.69					$	0.78
Anti-dilutive shares related to:
Outstanding stock-based awards			106						190

Note 5 – Special Charges, Net

Liabilities related to special charges, net are included in Accrued liabilities in the Condensed Consolidated Balance Sheets. The activity is detailed below:

Accrued Special Charges																					Global Repositioning Actions
Balance at November 1, 2025																					$	4,115
Employee severance costs, net																					29,085
Severance payments																					(1,952)
Balance at January 31, 2026																					$	31,248

The Company recorded net special charges of $32.4 million as part of its Global Repositioning Actions in the three months ended January 31, 2026. The Global Repositioning Actions were part of a transformation initiative aimed at aligning the Company’s enterprise strategy and organizational design and streamlining its operations to achieve its long-term strategic plan. The special charges include severance costs, in accordance with the Company’s ongoing benefit plan or statutory requirements at foreign locations, related to the termination of certain employees in manufacturing, engineering and selling, marketing, general and administrative roles.

During the first quarter of fiscal 2026, the Company entered into a sublease agreement for its leased property in San Jose, California. As a result of the sublease transaction, the Company recorded an impairment charge of $15.6 million in net special charges, which represented the excess carrying value of the associated asset group over its estimated fair value. The Company estimated fair value using cash flows from the estimated net sublease rental income discounted at a market rate.

Note 6 – Industry and Segment Information

The Company’s Chair and Chief Executive Officer has been identified as its Chief Operating Decision Maker (CODM). The following table presents a summary of consolidated net income inclusive of significant segment expenses and other expense information provided to the CODM:

			Three Months Ended
			January 31, 2026						February 1, 2025
Revenue			$	3,160,263					$	2,423,174
Less:
Cost of sales, including human capital expenses therein			1,115,287						992,871
Operating expenses:
Employee compensation costs			602,487						467,597
Amortization of acquired intangible assets			187,315						187,415
Research and development related costs (excluding employee compensation costs)			128,849						131,482
Special charges, net			47,982						63,887
Other operating expense (excluding employee compensation costs) (1)			81,317						88,609
Nonoperating expense (income)			51,155						55,737
Provision for income taxes			115,045						44,260
Net income			$	830,826					$	391,316

---

(1)Includes depreciation and amortization expenses, facilities expenses, legal expenses and other discretionary expenses.

Revenue Trends by End Market

The following table summarizes revenue by end market. The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which the Company’s product will be incorporated. The assignment of products to end markets may change over time. When this occurs, the Company reclassifies revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market.

			Three Months Ended
			January 31, 2026																		February 1, 2025
			Revenue						% of Revenue*						Y/Y%						Revenue						% of Revenue*
Industrial			$	1,489,256					47		%				38		%				$	1,080,650					45		%
Automotive			794,402						25		%				8		%				735,646						30		%
Communications			476,797						15		%				63		%				292,186						12		%
Consumer			399,808						13		%				27		%				314,692						13		%
Total revenue			$	3,160,263					100		%				30		%				$	2,423,174					100		%
* The sum of the individual percentages may not equal the total due to rounding.

Revenue by Sales Channel

The following table summarizes revenue by sales channel. The Company sells its products globally through a direct sales force, third-party distributors, independent sales representatives and via its website. Distributors are customers that buy products with the intention of reselling them. Direct customers are non-distributor customers and consist primarily of original equipment manufacturers. Other customers include the U.S. government, government prime contractors and certain commercial customers for which revenue is recorded over time.

			Three Months Ended
			January 31, 2026												February 1, 2025
Channel			Revenue						% of Revenue*						Revenue						% of Revenue*
Distributors			$	1,742,294					55		%				$	1,375,464					57		%
Direct customers			1,377,131						44		%				1,019,872						42		%
Other			40,838						1		%				27,838						1		%
Total revenue			$	3,160,263					100		%				$	2,423,174					100		%
* The sum of the individual percentages may not equal the total due to rounding.

Note 7 – Fair Value

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

The tables below, set forth by level, present the Company’s financial assets and liabilities, excluding accrued interest components that were accounted for at fair value on a recurring basis as of January 31, 2026 and November 1, 2025. The tables exclude cash on hand and assets and liabilities that are measured at historical cost or any basis other than fair value. As of January 31, 2026 and November 1, 2025, the Company held $1.5 billion and $1.4 billion, respectively, of cash that is excluded from the tables below.

			January 31, 2026
			Fair Value Measurement at Reporting Date Using:
			Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)												Total
Assets
Cash equivalents:
Available-for-sale:
Government and institutional money market funds			$	1,028,132					$	—											$	1,028,132
Corporate obligations (1)			—						397,987												397,987
Short-term investments:
Available-for-sale:
Corporate obligations (1)			—						647,335												647,335
Bank obligations (1)			—						495,652												495,652
Other assets:
Forward foreign currency exchange contracts (2)			—						8,739												8,739
Deferred compensation plan investments			114,245						—												114,245
Total assets measured at fair value			$	1,142,377					$	1,549,713											$	2,692,090
Liabilities
Forward foreign currency exchange contracts (2)			$	—					$	4,635											$	4,635
Interest rate derivatives (3)			—						18,860												18,860
Total liabilities measured at fair value			$	—					$	23,495											$	23,495

(1)The amortized cost of the Company’s investments classified as available-for-sale as of January 31, 2026 was $1.5 billion.

(2)The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 8, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company’s master netting arrangements.

(3)The carrying value of the related debt was adjusted by an equal and offsetting amount. The fair value of interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivatives. See Note 8, Derivatives, in these Notes to Condensed Consolidated Financial Statements.

			November 1, 2025
			Fair Value Measurement at Reporting Date Using:
			Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)												Total
Assets
Cash equivalents:
Available-for-sale:
Government and institutional money market funds			$	740,730					$	—											$	740,730
Corporate obligations (1)			—						397,707												397,707
Short-term investments (2):
Available-for-sale:
Corporate obligations (1)			—						656,839												656,839
Bank obligations (1)			—						496,076												496,076
Other assets:
Forward foreign currency exchange contracts (3)			—						6,708												6,708
Deferred compensation plan investments			105,188						—												105,188
Total assets measured at fair value			$	845,918					$	1,557,330											$	2,403,248
Liabilities
Forward foreign currency exchange contracts (3)			$	—					$	7,975											$	7,975
Interest rate derivatives (4)			—						12,550												12,550
Total liabilities measured at fair value			$	—					$	20,525											$	20,525

(1)The amortized cost of the Company’s investments classified as available-for-sale as of November 1, 2025 was $1.6 billion.

(2)Available-for-sale securities are classified as current assets on the Condensed Consolidated Balance Sheets if the securities are available to be converted into cash to fund current operations.

(3)The Company has master netting arrangements by counterparty with respect to derivative contracts. See Note 8, Derivatives, in these Notes to Condensed Consolidated Financial Statements for more information related to the Company’s master netting arrangements.

(4)The carrying value of the related debt was adjusted by an equal and offsetting amount. The fair value of interest rate derivatives is estimated using a discounted cash flow analysis based on the contractual terms of the derivatives. See Note 8, Derivatives, in these Notes to Condensed Consolidated Financial Statements.

Assets and Liabilities Not Recorded at Fair Value on a Recurring Basis

San Jose, California leased property asset group — As a result of a sublease transaction involving a leased property

in San Jose, California, the Company estimated the fair value of the sublease assets using discounted cash flows from the estimated net sublease rental income discounted at a market rate and recorded an impairment charge which represented the excess carrying value of the asset group associated with the leased property over its estimated fair value. These assets are considered a Level 2 fair value measurement. See Note 5, Special Charges, Net, in these Notes to Condensed Consolidated Financial Statements for additional information.

Debt — The table below presents the estimated fair values of certain financial instruments not recorded at fair value on a recurring basis. Given the short tenure of the Company’s commercial paper notes, the carrying value of the outstanding commercial paper notes approximates the fair values, and therefore, are excluded from the table below ($543.0 million and $446.6 million as of January 31, 2026 and November 1, 2025, respectively). The fair values of the senior unsecured notes are

obtained from broker prices and are classified as Level 1 measurements according to the fair value hierarchy.

			January 31, 2026												November 1, 2025
			Principal Amount Outstanding						Fair Value						Principal Amount Outstanding						Fair Value
2026 Notes, due December 2026			900,000						898,160						900,000						895,623
2027 Notes, due June 2027			440,212						438,402						440,212						436,916
2028 Notes, due June 2028			850,000						856,972						850,000						856,345
2028 Notes, due October 2028			750,000						709,690						750,000						704,186
2030 Notes, due June 2030			650,000						658,983						650,000						659,834
2031 Notes, due October 2031			1,000,000						889,346						1,000,000						884,390
2032 Notes, due October 2032			300,000						301,995						300,000						301,546
2034 Notes, due April 2034			550,000						568,435						550,000						571,370
2036 Notes, due December 2036			144,278						137,601						144,278						138,756
2041 Notes, due October 2041			750,000						551,493						750,000						555,925
2045 Notes, due December 2045			332,587						324,899						332,587						327,992
2051 Notes, due October 2051			1,000,000						649,360						1,000,000						662,609
2054 Notes, due April 2054			550,000						530,558						550,000						541,087
Total senior unsecured notes			$	8,217,077					$	7,515,894					$	8,217,077					$	7,536,579

Note 8 – Derivatives

Foreign Exchange Exposure Management — The total notional amounts of forward foreign currency derivative instruments designated as hedging instruments of cash flow hedges as of January 31, 2026 and November 1, 2025 were $311.4 million and $297.0 million, respectively, and the fair values of these instruments in the Company’s Condensed Consolidated Balance Sheets were as follows:

									Fair Value At
			Balance Sheet Location						January 31, 2026						November 1, 2025
Forward foreign currency exchange contracts			Prepaid expenses and other current assets						$	6,050					$	4,403
Forward foreign currency exchange contracts			Accrued liabilities						$	2,167					$	4,399

As of January 31, 2026 and November 1, 2025, the total notional amounts of undesignated hedges related to forward foreign currency exchange contracts were $218.9 million and $207.3 million, respectively, and the fair values of undesignated hedges in the Company’s Condensed Consolidated Balance Sheets were as follows:

									Fair Value At
			Balance Sheet Location						January 31, 2026						November 1, 2025
Undesignated hedges related to forward foreign currency exchange contracts			Prepaid expenses and other current assets						$	2,689					$	2,305
Undesignated hedges related to forward foreign currency exchange contracts			Accrued liabilities						$	2,468					$	3,576

Interest Rate Exposure Management — The Company does not consider the risk of counterparty default to be significant. The gain or loss on the Company’s interest rate swap transactions attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps were recorded as follows:

						January 31, 2026
Balance Sheet Location						Loss on Swaps						Gain on Note
Accrued liabilities						$	18,860					$	—
Long-term debt						$	—					$	18,860

For further information on the unrealized holding gains (losses) on derivatives included in and reclassified out of AOCI into the Condensed Consolidated Statements of Income related to forward foreign currency exchange contracts, see Note 3, Accumulated Other Comprehensive (Loss) Income, in these Notes to Condensed Consolidated Financial Statements.

Note 9 – Inventories

Inventories at January 31, 2026 and November 1, 2025 were as follows:

			January 31, 2026						November 1, 2025
Raw materials			$	67,345					$	70,183
Work in process			1,318,628						1,218,625
Finished goods			381,131						367,515
Total inventories			$	1,767,104					$	1,656,323

Note 10 – Income Taxes

The Company’s effective tax rates for the three-month periods ended January 31, 2026, and February 1, 2025, were below the U.S. statutory tax rate of 21%, due to lower statutory tax rates applicable to the Company's operations in the foreign jurisdictions in which it earns income.

During fiscal 2025, the Company received an assessment from the U.S. Internal Revenue Service (IRS) for fiscal 2018 and fiscal 2019, totaling approximately $267.0 million. The assessment excludes any penalties and interest. The assessment pertains to transfer pricing arrangements between the Company and one of its wholly-owned foreign subsidiaries. The Company firmly disagrees with this assessment and maintains that its transfer pricing is appropriate. Consequently, the Company has not recorded any additional tax liability related to fiscal 2018 and fiscal 2019 in relation to this issue, nor to any other periods. The Company intends to vigorously defend its original tax return position and is currently preparing for an appeal with the IRS. Should the IRS ultimately prevail regarding its assessments for fiscal 2018 and fiscal 2019, such a resolution, along with any potential impact on subsequent fiscal years, could have a material adverse effect on the Company’s income tax expense and net earnings in future periods.

Note 11 – New Accounting Pronouncements

Standards Implemented

Income Taxes

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires the disaggregation of information in existing income tax disclosures related to the effective tax rate reconciliation and income taxes paid. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted this ASU in fiscal 2026 and will include required financial statement disclosures in its Annual Report on Form 10-K for the fiscal year ending October 31, 2026.

Standards to Be Implemented

Disaggregation of Income Statement Expenses

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses, requiring public companies to disaggregate key expense categories such as inventory purchases, employee compensation and depreciation in their financial statements. This aims to improve investor insights into company performance. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact, if any, adoption will have on its financial statement disclosures.

Note 12 – Subsequent Events

On February 17, 2026, the Board of Directors of the Company declared a cash dividend of $1.10 per outstanding share of common stock. The dividend will be paid on March 17, 2026 to all shareholders of record at the close of business on March 3, 2026 and is expected to total approximately $537.0 million.