so mr. fritt, we'll begin with you. you're recognized for five minutes. >> good morning. chairman camp, ranking member levin and members of the committee, i very much appreciate this opportunity appear before you today to discuss the importance of tax reform to fedex. we believe reducing the u.s. corporate tax rate significantly to be more in line with the rest of the developed world is essential to overall economic and job growth. and will help our company continue to invest in critical infrastructure to compete and grow. before i tell delve into the details of how we analyze tax reform i'd like to make a couple of points about fedex and our business and our tax profile. with respect to our business, through our global expedited transportation network, we connect more than 90% of the world's gdp in 48 hours or less. so if a business of any size wants to send its product from beijing to billings or cleveland to somewhere we can do it without them having to invest billions of dollars without them building their own distribution network. our business is based on this global