higher employee costs. Segment margins for Electrification Products (+330bps yoy), benefited from higherlocalizationwhilemarginsforthePowerGridsegment(+260bpsyoy)werepositivelyimpacted byhigherexportandservicerevenues.However,marginsforDiscreteAutomation&Motiondeclined; 230bpsyoybecauseofimpactofforeignexchangedepreciation,asthissegmentreliesonhighimport content. ABB's focus on cash over revenue led to an improvement in net working capital to 11% of...