Tomohiko Sano
JPMorgan Chase & Co, Research Division

Okay. Good afternoon, everyone. Thank you very much for joining us at the TMC conference, Resideo Technologies today. My name is Tomo Sano, smid-cap industrials analyst at JPMorgan, and I will be your moderator for these sessions. So we are honored to welcome Mike Carlet, CFO; and then Chris Lee, Global Head of Strategic Finance from Resideo for a fireside chat about the company's business strategies and future outlook. So Mike, Chris, thank you for joining us.

Christopher Lee
Global Head of Investor Relations

Thanks for having us.

Michael Carlet
CFO & Executive VP

Thank you. Appreciate you.

Tomohiko Sano
JPMorgan Chase & Co, Research Division

So to start, I imagine there may be some in the audience who are not yet familiar with Resideo. So Mike, Chris, could you briefly share the history of Resideo, your core business lines and defining elements of your company culture, please?

Michael Carlet
CFO & Executive VP

Sure. Happy to. Resideo was a company that was originally spun out of Honeywell about 8 or 9 years ago in 2018. And today, we operate a 2-segment business. We call 1 segment, our P&S, Products & Solutions business. And that business is focused on developing and manufacturing products that are involved in the residential control and sensing. So if the home is a system of systems of your water system, your electrical system, your HVAC system, we are focused on developing products that control those systems that sense those systems and make them more enjoyable, more affordable, more comfortable, more safe for the homeowner. The