And lastly, we have used pro forma results for certain metrics in the first quarter to aid in the comparison of our performance to historical combined metrics of Sealed Air and Diversey. These pro forma results are also available supplements in our earnings release, which also can be found on our website.
Now I'll turn the call over to Bill Hickey, our CEO. Bill?
William V. Hickey
Thank you, Amanda, and good morning to everyone on the call. During this morning's call, I'll try to give our update on our progress in achieving our full year 2012 targets and highlights of our sales performance through the first quarter. Tod will then follow me with additional detail on the financial results, liquidity measures and key balance sheet items. We'll then follow that with opportunities for questions from both the callers on the telephone lines, as well as our webcast participants, who are invited to text in any questions you might have.Our first quarter ought to demonstrate to you our focus on 2012 objectives of integrating the Diversey business, achieving our adjusted EBITDA goals and on reducing our debt. We are realizing higher synergies as a result of the outstanding progress our teams have made in transitioning the organization into 3 new businesses, which will be leveraging shared platform of functional support, including optimized global supply chain network, as well as an integrated and shared R&D, HR and information technology functions among others. Additionally, we have increased the size of the overall benefits of the program in 2012, as well as through 2014 as our integrations teams continue to finalize the details of their respective programs. These cost synergies, combined with the focus on execution on core business plans, organic growth in all segments and regions, drove first quarter EBITDA results that are pacing within our plan and are still in line for us to achieve our 2012 targets for adjusted EBITDA, free cash flow, net debt and our adjusted and cash earnings per share guidance ranges.