Operator: Good day, ladies and gentlemen, and welcome to the General Electric Third Quarter 2013 Earnings Conference Call. At this time, all participants are in a listen-only mode. My name is Shaquana, and I will be your conference coordinator today. As a reminder, this conference is being recorded.
I would now like to turn the program over to your host for today's conference, Trevor Schauenberg, Vice President of Investor Communications. Please proceed, sir.
Trevor A. Schauenberg - VP, Corporate Investor Communications: Thank you, Shaquana. Good morning and welcome, everyone. We're pleased to host today's third quarter webcast. Regarding the materials for this webcast, we issued the press release as well as the presentation slides at 6.30 this morning, which is something new for us. Slides are available for download and printing on our website at www.ge.com/investor.
As always, elements of this presentation are forward-looking and are based on our best view of the world and our businesses, as we see them today. Those elements can change as the world changes. Please interpret them in that light. For today's webcast, we have our Chairman and CEO, Jeff Immelt; and our Senior Vice President and CFO, Jeff Bornstein.
Now I'd like to turn over to our Chairman and CEO, Jeff Immelt.
Jeffrey R. Immelt - Chairman and CEO: Trevor, thanks and good morning, everyone. GE had a good third quarter and an improving environment. Our orders grew 19% with great balance. Our growth markets were up 22%, U.S. was up 18% and Europe up 17%. Earnings per share was up 18%, ex unusual items. Industrial earnings were up 11% with six or seven segments growing by double digits. Capital continues to execute on our strategic objectives. Earnings were up 13%, while our financial position continue to strengthened and we had $0.04 of uncovered charges in the quarter and no industrial gains.
Operations were very strong. Our margins grew by 120 basis points behind strong value gap, performance and simplification. Our Industrial cost out reached $1 billion through the third quarter and we are significantly ahead of our plan. CFOA is up 5% operationally. This includes $3.9 billion dividend from GE Capital year-to-date. We returned about $14 billion for investors year-to-date, well on our way to our $18 billion goal and at the same time we continued to invest in strategic acquisition like Avio and Lufkin.
So, overall, this was a good quarter for the GE team. Our orders were highlight for the quarter. Overall growth was up 19% with strength in equipment and services. Every business grew and backlog reached $229 billion. Equipment orders grew 32% with strength across the board and orders price was flat. The orders profile is very encouraging. Services was up 5% with real strength in power gen services and aviation commercial spares.
Total orders in the U.S. and Europe were both robust and seven growth regions had double-digit orders growth. These include Australia, Canada, Middle East, North Africa, and Turkey up 17%, Africa up 18%, Russia up 51%, China up 18% and ASEAN up 100%.
Power & Water had a solid orders performance with growth of 19%, and note, this number did not include any orders from Algeria. Those will be booked in the fourth quarter and 2014. Orders growth and backlog supports business expansion in fourth quarter and through 2014.