So, Zach, over to you on non-cash transactions.

Perfect.

Well, I will start with some of the current requirements, which is that non-cash transactions, not surprisingly, are excluded from the cash flow statement.

The information is disclosed elsewhere in the financial statements.

And when we talked to investors, some of the feedback we heard was that As finance and accounting has gotten more complex, these non-cash transactions have become more important to them because you can essentially replicate any cash transaction with a non-cash transaction today.

So, for example, leases would replace borrowing and building something or.

They would say that the information may be available, but it's difficult for them to pull it together comprehensively.

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