Aon plc logo AON - Aon plc

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 19
HOLD 18
SELL 1
STRONG
SELL 0
| PRICE TARGET: $398.40 DETAILS
HIGH: $443.00
LOW: $360.00
MEDIAN: $394.50
CONSENSUS: $398.40
UPSIDE: 23.92%
Annual Quarterly
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Revenue
Revenue 5,034 4,300 3,997 4,155 4,729 4,147 3,721 3,760 4,070 3,375 2,953 3,177 3,871 3,130 2,696 2,983 3,670 3,080 2,702 2,886 3,525 2,965 2,385 2,497 3,219 2,885 2,379 2,606 3,143 2,770 2,349 2,561 3,090 2,909 2,340 2,368 2,381 3,323 2,201 2,282 2,276 3,288 2,742 2,805 2,847 3,299 2,880 2,919 2,947 3,209 2,794 2,897 2,915 3,115 2,737 2,821 2,841 2,994 2,723 2,811 2,759 2,909 1,801 1,898 1,904 2,048 1,794 1,882 1,846 1,920 1,846 1,956 1,905 195 1,749 1,866 1,798 2,413 2,168 2,208 2,165 2,523 2,018 2,148 2,464 2,662 2,347 2,544 2,564 2,601 2,412 2,366 2,122 2,036 1,917 1,811 1,961 1,785 1,819 1,810
Cost of Revenue 621 707 2,259 2,360 2,249 2,120 2,150 2,130 1,883 1,671 1,685 1,754 1,792 1,539 1,532 1,639 1,767 1,556 1,835 1,628 1,719 1,635 1,387 1,361 1,522 1,601 1,368 1,501 1,584 1,601 1,392 1,494 1,616 1,752 1,428 1,466 1,469 1,966 1,300 1,396 1,345 1,857 1,644 1,653 1,683 1,848 1,707 1,708 1,751 1,842 1,666 1,712 1,725 6,709 1,620 1,639 1,661 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 4,413 3,592 1,738 1,795 2,480 2,027 1,571 1,630 2,187 1,704 1,268 1,423 2,079 1,591 1,164 1,344 1,903 1,524 867 1,258 1,806 1,330 998 1,136 1,697 1,284 1,011 1,105 1,559 1,169 957 1,067 1,474 1,157 912 902 912 1,357 901 886 931 1,431 1,098 1,152 1,164 1,451 1,173 1,211 1,196 1,367 1,128 1,185 1,190 (3,594) 1,117 1,182 1,180 2,994 2,723 2,811 2,759 2,909 1,801 1,898 1,904 2,048 1,794 1,882 1,846 1,920 1,846 1,956 1,905 195 1,749 1,866 1,798 2,413 2,168 2,208 2,165 2,523 2,018 2,148 2,464 2,662 2,347 2,544 2,564 2,601 2,412 2,366 2,122 2,036 1,917 1,811 1,961 1,785 1,819 1,810
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 0 531 479 551 506 531 548 429 618 392 431 421 549 373 467 350 335 1,446 394 366 401 358 336 415 475 386 429 433 397 430 638 411 405 406 417 392 728 353 321 353 714 685 875 723 816 756 766 727 852 764 803 780 (4,055) 778 788 778 2,559 2,395 2,371 2,361 2,487 1,538 1,630 1,631 2,020 1,600 1,662 1,480 1,599 1,550 1,643 1,568 2,599 1,445 1,534 1,053 3,179 1,116 1,590 1,097 1,843 1,697 1,552 1,123 1,964 1,684 1,752 1,777 1,876 1,776 1,719 1,671 1,510 1,523 1,396 1,449 1,208 1,262 1,271
Other Expenses 2,606 2,255 391 457 468 430 417 426 293 307 185 150 185 30 201 177 186 215 222 192 195 216 199 206 249 285 265 263 254 273 265 445 264 263 250 612 185 0 180 178 158 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (174) 0 0 0 65 49 58 50 (2,477) 48 46 470 (1,044) 879 317 802 444 148 319 997 553 456 475 453 347 349 325 405 343 299 331 310 295 296 290
Operating Expenses 2,606 2,255 922 936 1,019 936 948 974 722 925 577 581 606 579 574 644 536 550 1,668 586 561 617 557 542 664 760 651 692 687 670 695 1,083 675 668 656 1,029 577 728 533 499 511 714 685 875 723 816 756 766 727 852 764 803 780 (4,055) 778 788 778 2,559 2,395 2,371 2,361 2,487 1,538 1,630 1,631 1,846 1,600 1,662 1,480 1,664 1,599 1,701 1,618 122 1,493 1,580 1,523 2,135 1,995 1,907 1,899 2,287 1,845 1,871 2,120 2,517 2,140 2,227 2,230 2,223 2,125 2,044 2,076 1,853 1,822 1,727 1,759 1,503 1,558 1,561
Operating Income
Operating Income 1,807 1,337 816 859 1,461 1,091 623 656 1,465 779 691 842 1,473 1,012 590 700 1,367 974 (801) 672 1,245 713 441 594 1,033 524 360 413 872 499 262 (16) 799 489 256 (127) 335 629 368 387 420 717 413 277 441 635 417 445 469 515 364 382 410 461 339 394 402 435 328 440 398 422 263 268 273 202 194 220 366 256 247 255 287 73 256 286 275 278 173 301 266 236 173 277 344 145 207 317 334 378 287 322 46 183 95 84 202 282 261 249
Interest Expense 179 191 206 212 206 206 213 225 144 124 119 130 111 110 103 102 91 85 80 78 79 82 80 89 83 80 78 77 72 70 69 69 70 71 70 71 70 70 70 73 69 68 72 68 65 67 65 65 58 57 53 48 52 55 57 57 59 59 60 63 63 65 50 33 34 35 32 26 29 30 32 31 33 0 33 34 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 12 14 0 0 5 4 4 31 28 12 9 5 5 3 7 5 3 2 3 3 3 1 3 0 2 4 1 1 2 0 0 1 4 7 10 8 2 3 1 3 2 4 3 4 3 3 3 2 2 3 3 2 1 4 1 2 3 4 4 4 6 6 4 4 1 0 3 2 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,930 2,633 1,043 1,163 1,701 1,329 883 1,096 1,628 800 741 852 1,516 881 684 800 1,461 1,197 (696) 751 1,327 792 536 684 1,201 666 508 557 1,011 642 403 311 937 616 411 399 432 772 460 468 515 907 558 418 622 796 606 594 618 694 563 548 578 639 492 569 564 588 496 564 563 551 319 337 339 321 266 294 432 273 299 315 341 158 306 364 325 350 229 356 576 374 250 375 412 401 285 401 405 449 375 415 114 217 180 167 289 363 344 331
EBIT 1,732 2,400 803 915 1,456 1,097 662 923 1,568 733 679 788 1,453 819 613 735 1,395 1,121 (788) 674 1,246 708 444 585 1,063 521 363 420 874 491 263 (18) 788 477 270 (115) 335 641 379 389 440 770 424 282 486 648 455 445 472 532 406 390 420 465 331 408 405 443 352 415 419 425 258 277 281 253 210 236 372 208 250 257 291 71 256 315 275 279 173 301 521 237 173 277 344 325 207 317 334 364 296 340 46 130 95 84 202 282 261 249
Income Before Tax 1,553 2,209 597 703 1,250 891 449 698 1,424 609 560 658 1,342 709 510 633 1,304 1,036 (868) 596 1,167 626 364 496 980 441 285 343 802 421 194 (87) 718 406 200 (186) 265 571 309 316 371 702 352 214 421 581 390 380 414 475 353 342 368 410 274 351 346 384 292 352 356 360 208 244 247 218 178 210 343 178 218 226 258 36 223 281 240 248 139 267 266 205 144 246 310 110 175 282 300 356 260 289 16 154 64 48 164 244 228 218
Income Tax Expense 314 505 127 109 268 157 94 160 331 102 93 83 263 43 92 119 256 163 23 203 234 92 82 85 189 59 56 56 126 137 39 (144) 114 389 4 (143) 0 62 25 43 59 112 49 26 80 114 75 67 78 115 89 90 96 103 64 96 97 104 84 87 103 118 61 60 61 56 47 57 108 51 59 57 76 2 93 98 75 60 49 92 93 61 47 98 112 26 62 102 108 132 96 107 6 61 25 19 64 95 89 85
Net Income 1,212 1,693 458 579 965 716 343 524 1,071 498 456 560 1,050 657 408 501 1,023 863 (900) 379 913 524 275 398 772 374 222 277 659 345 147 48 594 (19) 185 769 291 502 319 300 325 584 295 178 328 459 309 304 325 355 256 241 261 305 204 246 238 277 198 258 246 231 144 153 178 198 120 149 280 (6) 117 1,133 218 207 204 240 213 223 106 193 198 224 122 191 200 81 122 173 170 215 146 178 0 83 29 19 83 139 129 123
Per Share Data
EPS (Basic) 5.66 7.87 2.12 2.68 4.46 3.31 1.58 2.47 5.38 2.49 2.25 2.74 5.09 3.17 1.93 2.35 4.75 3.94 -3.99 1.67 4.02 2.29 1.18 1.71 3.31 1.59 0.94 1.15 2.72 1.42 0.60 0.20 2.39 -0.08 0.72 2.93 1.10 1.89 1.19 1.01 1.20 2.12 1.05 0.63 1.15 1.60 1.06 1.02 1.07 1.16 0.83 0.77 0.82 0.95 0.62 0.74 0.72 0.84 0.59 0.76 0.72 0.68 0.52 0.55 0.65 0.72 0.42 0.53 0.99 -0.02 0.43 3.82 0.70 0.68 0.69 0.81 0.71 0.74 0.34 0.60 0.61 0.69 0.37 0.59 0.62 0.25 0.38 0.54 0.53 0.59 0.46 0.57 0.04 0.31 0.11 0.07 0.35 0.53 0.50 0.47
EPS (Diluted) 5.63 7.82 2.11 2.66 4.43 3.28 1.57 2.46 5.35 2.47 2.23 2.71 5.07 3.14 1.92 2.33 4.73 3.90 -3.99 1.66 4.00 2.27 1.18 1.70 3.29 1.58 0.93 1.14 2.70 1.41 0.60 0.19 2.37 -0.08 0.72 2.93 1.09 1.87 1.18 1.01 1.19 2.09 1.04 0.62 1.14 1.56 1.04 1.01 1.06 1.14 0.82 0.76 0.82 0.93 0.62 0.73 0.71 0.82 0.59 0.75 0.71 0.67 0.51 0.54 0.63 0.70 0.41 0.52 0.96 -0.02 0.40 3.71 0.68 0.65 0.64 0.75 0.66 0.69 0.32 0.57 0.57 0.64 0.36 0.57 0.59 0.24 0.36 0.52 0.51 0.59 0.46 0.56 0.04 0.30 0.11 0.07 0.34 0.53 0.49 0.47
Shares Outstanding 214.3 215.1 215.7 216.2 216.4 216.6 217.4 212.5 199.1 200.3 202.9 204.7 206.1 207.5 210.9 213.3 215.3 219.3 225.4 227 227.1 229.2 232.6 232.7 233.2 234.7 236.9 240.6 242.2 242.4 244 246 248.5 251.3 255.6 262.4 264.8 265.6 267.5 269.3 271.7 275.5 280.9 284.5 284.2 286.9 292.3 298.5 303.7 306.0 308.4 313.7 318.3 321.1 329.0 332.4 330.6 330.6 335.6 339.5 341.7 341.7 276.9 278.2 275.9 275.9 285.7 281.1 284.3 284.3 272.1 289.5 311.9 304 295 296 298 300 340.1 320 324.6 324.6 327.0 323.7 321.0 321.0 318.4 320.4 318.9 318.9 317.4 314.6 271.1 271.1 263.6 257.1 257.1 260.4 258 259.6
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Current Assets
Cash & Cash Equivalents 1,178 1,195 1,095 1,008 964 1,085 1,103 974 995 778 808 952 1,119 690 692 740 595 544 609 1,091 822 884 821 757 690 790 602 581 600 656 484 487 597 756 749 684 433 431 483 438 465 260 422 217 537 501 321 510 491 540 470 432 506 927 498 765 886 1,118 980 930 774 837 0 0 0 723 0 0 0 1,084.7 0 0 0 410.1 0 0 0 115.3 0 0 0 508.8 0 0 0 0 0 0 0
Short-Term Investments 238 1,603 207 8,694 7,428 10,538 196 182 5,413 369 7,405 7,738 7,239 452 153.3 243 455 292 310 289 171 308 448 654 170 138 177 235 134 172 167 173 118 529 1,640 2,746 200 290 463 251 587 474 312 422 769 1,067 4,096 4,077 4,435 3,815 4,044 5,041 6,587 3,594 2,899 2,414 2,420 2,325 2,473 2,322 2,263 2,362 6,483 6,358 6,390 2,221 6,395.4 6,544.7 6,117.1 5,922 5,446.5 5,056.8 4,978 5,126 4,864.2 4,954.6 9,793.6 938.3 9,712.5 9,553.4 9,359.1 783.2 9,083.3 8,846.7 8,907.1 8,887.3 8,979.1 8,641.1 9,419.6
Net Receivables 5,089 4,209 15,041 17,356 15,385 11,093 13,737 16,052 4,054 3,289 12,074 14,470 13,310 3,109 11,167 3,716 3,673 3,147 3,192 3,630 3,571 3,165 3,037 3,397 3,633 3,200 3,043 3,372 3,323 2,885 2,863 3,174 3,177 2,620 2,400 2,421 2,250 2,206 2,560 2,662 2,713 1,994 1,983 2,052 1,937 1,795 8,296 10,372 10,372 10,111 11,173 10,254 9,643 8,884 8,353 8,473 8,050 8,230 8,009 8,299 7,500 7,346 6,992 7,252 7,052 6,606 1,085.3 1,108.7 993.5 929.8 5,636.2 5,778.5 5,773.2 4,624.2 790.3 841.3 702.1 2,996.7 800.3 740.2 746.6 2,653.2 2,437 2,509.2 2,515.9 2,100.5 2,182.4 2,193.5 2,019.9
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 19,658 18,767 209.9 595 469 581 8,445 8,159 18,034 17,168 691 625 333 16,363 7,040.7 17,328 15,690 14,912 14,483 16,130 14,223 14,216 13,827 14,049 12,696 12,251 11,372 12,429 11,754 10,562 9,725 10,906 11,081 9,646 9,320 9,608 12,385 10,122 8,815 10,298 10,108 12,769 11,551 11,298 12,638 11,546 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 26,163 25,774 26,569 27,823 24,414 23,432 23,653 25,543 28,624 21,704 21,125 23,949 22,144 20,723 19,176 22,167 20,545 19,032 18,740 21,276 18,905 18,676 18,249 18,990 17,345 16,476 15,317 16,745 15,919 14,372 13,348 14,860 15,115 13,677 14,267 15,602 15,393 13,146 12,471 13,801 14,041 15,497 14,268 13,989 15,881 14,909 12,713 13,461 13,696 13,108 14,438 13,789 12,749 12,426 10,540 10,406 10,193 10,415 10,095 10,317 9,336 9,502 9,177 9,358 9,335 8,367 7,827 7,768 7,364 7,335 7,111 7,177 7,117 5,035 4,147 3,822 3,345 3,112 3,414 3,256 3,458 16,107.4 15,896.9 15,549.9 15,331 15,214.1 14,500.7 14,018.7 13,684.8
Non-Current Assets
Property, Plant & Equipment 1,388 1,379 1,365 1,399 1,366 1,348 1,400 1,376 1,239 1,314 1,298 1,317 1,289 1,257 1,226 1,261 1,326 1,315 1,434 1,524 1,533 1,599 1,618 1,657 1,656 1,550 1,625 1,623 1,669 588 594 575 578 564 545 556 536 765 738 751 766 450 452 461 447 430 520 745 791 827 871 855 865 0 0 0 0 (6,019) 0 0 0 (6,184) 0 0 0 (6,452) 0 0 0 456.8 443.9 453 439.1 323.2 277.5 275.2 309.6 307.8 308.1 303.3 291.4 266.5 254 249.5 235.2 224.2 219.6 215.3 189.9
Goodwill 15,925 15,797 15,704 16,024 15,697 15,234 15,612 15,281 8,302 8,414 8,245 8,360 8,319 8,292 7,979 8,295 8,496 8,434 8,547 8,659 8,587 8,666 8,462 8,356 8,293 8,165 8,071 8,198 8,219 8,171 8,282 8,291 8,550 8,358 7,888 7,745 7,544 8,747 8,452 8,473 8,411 5,710 5,887 6,078 5,883 5,546 4,883 4,511 4,485 4,509 4,310 4,152 4,099 3,998 3,626 3,449 3,380 3,427 3,255 3,296 3,335 3,359 0 0 0 3,006 0 0 0 0 0 0 0 1,060.2 0 0 0 957.6 0 0 0 869.4 0 0 0 0 0 0 0
Intangible Assets 5,826 5,727 5,827 6,733 6,865 6,743 6,789 6,794 217 234 252 268 425 447 456 491 530 492 529 564 594 640 665 699 746 783 874 973 1,077 1,149 1,260 1,363 1,662 1,733 1,341 1,402 1,886 2,223 2,038 2,107 2,108 753 770 791 776 738 203 166 166 176 197 212 225 204 469 481 485 489 482 493 498 503 3,842 3,642 3,594 494 3,341.3 3,273.6 3,141.9 3,094.5 2,802.7 2,195.9 2,255.1 537.5 1,393.4 1,383.8 1,575.4 640.1 1,555.1 1,579.1 1,610.5 678.6 1,562.6 1,577.4 1,554.6 840.8 1,444.8 1,446.5 1,418
Long-Term Investments 198 192 163 101 97 90 87 83 80 45 45 45 63 60 62 64 62 64 65 78 74 74 59 51 52 53 52 54 55 54 52 54 58 57 44 122 121 119 124 127 131 301 308 319 296 313 7,485 7,929 8,141 7,324 7,284 7,178 6,587 6,266 6,387 5,964 6,079 6,019 6,256 6,135 6,175 6,184 0 0 0 6,452 0 0 0 5,922.1 0 0 0 5,125.6 0 0 0 9,780.8 0 0 0 9,567.6 0 0 0 0 0 0 0
Other Non-Current Assets 1,192 1,167 1,154 1,069 1,097 1,464 1,135 1,158 1,051 1,053 1,095 1,112 1,077 1,058 1,505 1,671 1,762 1,751 1,740 1,741 1,761 1,727 1,651 1,588 1,552 1,633 1,617 1,615 1,608 1,527 1,590 1,622 1,588 1,310 1,274 1,187 1,151 3,175 1,151 1,169 1,185 1,245 1,274 439 1,155 1,172 9,600 11,466 11,608 10,340 10,889 10,642 9,813 10,310 9,899 9,298 9,236 8,634 9,105 9,077 9,193 8,817 10,279 10,110 9,838 8,645 15,510.9 15,462.9 14,739.4 14,140.2 8,949.3 8,979.5 8,849.3 7,785 9,765.8 9,498.7 17,535.9 14,718.3 16,976.6 16,398 16,200.2 12,945.4 13,459.9 13,040.7 12,815.1 13,113.6 12,318.3 11,825.2 11,664.9
Total Non-Current Assets 25,266 25,010 25,068 26,187 25,890 25,533 26,232 25,910 12,143 12,255 11,987 12,100 12,109 11,981 12,047 12,553 12,946 12,896 13,076 13,304 13,270 13,430 13,110 13,005 12,937 12,929 12,850 13,062 13,216 12,050 12,254 12,357 12,732 12,411 11,657 11,587 11,589 13,469 12,781 12,892 12,772 8,459 8,691 8,969 8,557 8,199 11,110 14,309 14,217 13,919 13,472 12,758 12,585 11,897 12,305 12,060 11,844 11,836 11,736 11,778 11,964 11,630 11,936 11,646 11,149 11,321 12,110.5 12,077 11,510.8 11,356 10,721 10,229.9 10,199.7 8,687.7 8,080 8,177 16,778 16,623.8 16,226 15,764.6 15,390.7 1,814.5 1,816.6 1,826.9 1,789.8 1,065 1,664.4 1,661.8 1,607.9
Total Assets 51,429 50,784 51,637 54,010 50,304 48,965 49,885 51,453 40,767 33,959 33,112 36,049 34,253 32,704 31,223 34,720 33,491 31,928 31,816 34,580 32,175 32,106 31,359 31,995 30,282 29,405 28,167 29,807 29,135 26,422 25,602 27,217 27,847 26,088 25,924 27,189 26,982 26,615 25,252 26,693 26,813 23,956 22,959 22,958 24,438 23,108 23,823 27,770 27,913 27,027 27,910 26,547 25,334 24,323 22,845 22,466 22,037 22,251 21,831 22,095 21,300 21,132 21,113 21,004 20,484 19,688 19,937.5 19,845.2 18,874.8 18,691.2 17,832.1 17,406.9 17,316.7 13,722.7 12,227 11,999 20,123 19,735.8 19,640.1 19,020.6 18,848.7 17,921.9 17,713.5 17,376.8 17,120.8 16,279.1 16,165.1 15,680.5 15,292.7
Current Liabilities
Account Payables 2,208 2,861 2,398 2,294 2,088 2,905 2,588 2,319 1,925 2,262 1,749 1,625 1,681 2,114 1,798 1,728 1,728 2,192 1,995 1,692 1,628 2,016 1,608 1,488 1,549 1,939 1,499 1,369 1,479 1,943 1,600 1,447 1,545 1,961 1,588 1,423 1,332 1,604 1,477 1,373 1,420 1,192 1,269 0 1,392 1,336 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7,643 0 0 0 6,948 0 0 0 6,379.8 0 0 0 4,143.7 0 0 0 2,408.7 0 0 0 2,408.7 0 0 0 0 0 0 0
Short-Term Debt 1,121 589 1,735 1,837 1,348 751 199 4 606 1,204 1,282 1,338 775 945 711 739 599 1,164 150 13 0 448 472 782 1,884 712 1,148 844 426 251 741 799 403 299 305 292 667 336 250 251 695 370 84 10 681 104 14 58 7 53 271 127 117 320 193 204 60 309 476 390 343 303 1,129 926 929 501 1,052.7 931.2 675.6 764 592.6 479.3 345.4 213 59.6 89.7 354.2 243.9 322.2 227 259.2 243.9 246.5 167.3 164.3 168.6 205.7 86.6 123.7
Deferred Revenue 0 0 361 385 361 280 312 391 360 270 282 355 337 250 250 327 323 321 334 355 340 296 251 294 309 270 256 337 305 251 266 332 329 311 331 377 338 393 413 433 438 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 21,208 19,776 20,274 22,208 18,942 18,608 18,614 20,244 18,371 17,442 17,033 19,219 17,375 16,618 15,508 17,812 16,063 15,034 14,772 16,539 14,496 14,359 14,181 14,361 12,973 12,347 11,578 12,575 11,928 10,768 10,020 11,240 11,217 10,045 9,713 10,029 10,576 10,279 9,152 10,573 10,179 12,576 11,423 12,630 12,786 11,671 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 24,537 23,226 25,103 27,075 23,333 22,995 22,098 23,498 21,838 21,651 20,722 22,949 20,595 20,306 18,688 21,077 19,189 19,073 17,510 18,927 16,823 17,424 16,870 17,383 17,111 15,571 14,851 15,481 14,537 13,296 12,643 13,843 13,658 12,755 12,474 13,375 12,970 12,495 11,366 12,697 12,793 14,138 12,776 12,640 14,859 13,111 13,943 18,602 18,688 17,686 19,647 18,512 16,849 16,712 15,634 15,395 14,991 15,117 14,995 15,328 14,714 14,665 14,616 14,737 14,610 13,876 14,123 13,939 13,199 13,263 12,134 12,464 12,413 9,590 8,347 8,300 14,314 14,024 14,105 13,773 13,919 2,652.6 246.5 167.3 164.3 168.6 205.7 86.6 123.7
Non-Current Liabilities
Long-Term Debt 13,542 15,301 15,055 15,451 16,284 16,265 17,090 17,610 15,916 9,995 9,969 9,989 10,577 9,825 10,116 9,666 9,685 8,228 8,250 7,272 7,263 7,281 7,251 7,229 6,227 6,627 6,120 6,740 5,990 5,993 5,665 5,659 5,697 5,667 5,662 5,631 5,610 5,869 5,910 5,907 5,902 1,601 2,013 1,998 1,249 1,848 1,994 2,000 2,004 2,095 1,490 1,523 1,671 1,862 1,660 1,746 1,804 1,798 1,801 1,818 1,593 1,611 817 814 576 923 594.7 624.5 618.3 637 679.1 667.7 618.7 475 522.9 534.6 536.1 495.5 496.4 496.2 487 495.5 495.1 495.5 493.5 521.3 522.1 599.2 546.7
Deferred Tax Liabilities 350 340 361 363 384 319 1,086 1,177 129 115 117 120 110 99 332 364 399 412 414 417 293 262 223 200 189 199 209 211 205 181 273 294 243 127 83 84 112 101 36 39 177 0 0 129 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16.5 0 0 0 129.3 0 0 0 129.3 0 0 0 0 0 0 0
Other Non-Current Liabilities 2,387 1,439 1,953 2,293 2,308 2,241 2,314 2,274 2,265 2,256 2,099 2,097 2,166 2,145 2,024 2,064 2,115 2,169 2,409 2,433 2,456 2,517 2,346 2,394 2,439 2,477 2,363 2,404 2,453 2,499 2,693 2,803 2,864 2,689 2,458 2,546 2,464 2,618 2,446 2,489 2,594 2,739 2,713 871 2,322 2,487 (1,994) (2,000) (2,004) (2,095) (1,490) (1,523) (1,671) (1,862) (1,660) (1,746) (1,804) (1,798) (1,801) (1,818) (1,593) (1,611) (817) (814) (576) (923) (594.7) (624.5) (618.3) (637) (679.1) (667.7) (618.7) (491.5) (522.9) (534.6) (536.1) (624.8) (496.4) (496.2) (487) (624.8) (495.1) (495.5) (493.5) (521.3) (522.1) (599.2) (546.7)
Total Non-Current Liabilities 16,912 18,010 18,335 18,846 19,697 19,540 21,234 21,797 18,957 13,050 12,876 12,938 13,600 12,827 13,205 12,855 13,011 11,697 12,007 11,086 10,991 11,099 10,869 10,917 9,911 10,385 9,755 10,413 9,736 8,907 8,631 8,756 8,804 8,685 8,203 8,261 8,186 8,588 8,392 8,435 8,673 4,340 4,726 4,887 3,571 4,335 4,265 4,401 4,521 4,793 3,895 3,915 4,540 3,848 3,535 3,551 3,633 3,696 3,604 3,630 3,446 3,366 3,291 3,099 2,937 2,745 2,818 2,881 2,792 2,606 2,778 2,125 2,208 1,300 1,112 955 3,094 2,988 2,913 2,595 2,461 624.8 495.1 495.5 493.5 521.3 522.1 599.2 546.7
Total Liabilities 41,471 41,236 43,538 45,921 43,030 42,535 43,332 45,295 40,795 34,701 33,598 35,887 34,195 33,133 31,893 33,932 32,200 30,770 29,517 30,013 27,814 28,523 27,739 28,300 27,022 25,956 24,606 25,894 24,273 22,203 21,274 22,599 22,462 21,440 20,677 21,636 21,156 21,083 19,758 21,132 21,466 18,478 17,502 17,527 18,430 17,446 18,208 23,053 23,259 22,529 22,890 21,775 20,737 19,810 18,419 18,196 17,874 18,063 17,849 18,208 17,410 17,281 17,107 17,036 16,747 15,871 16,090.5 15,970.1 15,141.1 15,069.1 14,061.6 14,539.4 13,770.7 10,889.8 9,458.9 9,254.8 17,407.9 17,478.4 17,018.1 16,367.8 16,379.5 15,664.5 15,407 15,077.7 14,815.9 13,991.3 13,913.6 13,458.9 13,126.3
Stockholders' Equity
Common Stock 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 363 363 363 363 363 350 338 337 336 335 335 333 295 292 268 264 264 260 260 259 259 0 0 0 172 0 0 0 171.5 0 0 0 114.1 0 0 0 110.6 0 0 0 110.6 0 0 0 0 0 0 0
Retained Earnings 307 (245) (1,527) (1,574) (1,740) (2,309) (2,682) (2,574) (2,700) (3,399) (3,024) (2,505) (2,388) (2,772) (2,638) (1,727) (1,609) (1,694) (445) 1,823 1,801 1,042 1,423 1,751 1,455 1,254 1,436 1,669 2,555 2,093 2,042 2,295 2,747 2,302 2,914 3,574 3,934 3,807 3,702 3,784 3,600 7,605 7,500 7,335 7,132 7,034 5,452 3,925 3,800 3,679 3,454 3,357 3,251 3,119 3,060 3,056 3,087 3,127 3,107 3,036 2,966 2,905 2,948 2,871 2,726 2,782 2,642.5 2,654.8 2,506.9 2,463.4 2,364.6 2,354 2,272.4 2,356.8 2,312.7 2,337 2,250.4 1,998.1 2,130.8 2,111.9 2,023.3 1,998.1 1,902.6 1,889 1,810.2 1,784.9 1,714.1 1,706.5 1,625.4
Accumulated Other Comprehensive Income (3,928) (3,843) (3,915) (3,843) (4,456) (4,745) (4,121) (4,478) (4,404) (4,373) (4,579) (4,338) (4,544) (4,623) (4,919) (4,260) (3,843) (3,871) (3,877) (3,744) (3,891) (3,861) (4,099) (4,296) (4,409) (4,033) (4,030) (3,837) (3,740) (3,909) (3,632) (3,524) (3,191) (3,496) (3,412) (3,677) (3,750) (3,912) (3,793) (3,722) (3,710) (1,961) (1,871) (1,675) (1,254) (1,517) (791) (930) (849) (861) (786) (1,089) (954) (389) (377) (413) (413) (377) (409) (394) (338) (309) 0 0 0 (116) (82.2) (91.4) (83.3) 103.4 (57.8) (46.1) (34.6) 154.1 (11.5) (14.9) (5.7) (162.5) (4.7) 4.7 10.5 (162.5) (28.6) (38.9) (65.8) (61) (51.1) (49.1) 0
Total Stockholders' Equity 9,834 9,352 7,939 7,843 7,004 6,121 6,244 5,860 (133) (826) (586) 65 (70) (529) (783) 684 1,177 1,061 2,209 4,462 4,260 3,495 3,542 3,601 3,169 3,375 3,492 3,836 4,775 4,151 4,262 4,545 5,301 4,583 5,175 5,487 5,754 5,475 5,434 5,499 5,281 5,428 5,402 5,379 5,866 5,553 5,615 4,717 4,654 4,498 4,318 4,070 3,895 3,713 3,626 3,470 3,363 3,388 3,182 3,087 3,090 3,051 3,206 3,168 2,937 3,017 3,047 3,075.1 2,933.7 2,822.1 3,770.5 2,867.5 2,746 2,832.9 2,768.1 2,744.2 2,715.1 2,257.4 2,622 2,652.8 2,469.2 2,257.4 2,306.5 2,299.1 2,304.9 2,287.8 2,251.5 2,221.6 2,166.4
Total Liabilities & Equity 51,429 50,588 51,637 54,010 50,304 48,965 49,885 51,453 40,767 33,959 33,112 36,049 34,253 32,704 31,223 34,720 33,491 31,928 31,816 34,580 32,175 32,106 31,359 31,995 30,282 29,405 28,167 29,807 29,135 26,422 25,602 27,217 27,847 26,088 25,924 27,189 26,982 26,615 25,252 26,693 26,813 23,956 22,959 22,958 24,438 23,108 23,823 27,770 27,913 27,027 27,910 26,547 25,334 24,323 22,845 22,466 22,037 22,251 21,831 22,095 21,300 21,132 21,113 21,004 20,484 19,688 19,937.5 19,845.2 18,874.8 18,691.2 17,832.1 17,406.9 17,316.7 13,722.7 12,227 11,999 20,123 19,735.8 19,640.1 19,020.6 18,848.7 17,921.9 17,713.5 17,376.8 17,120.8 16,279.1 16,165.1 15,680.5 15,292.7
Debt Metrics
Total Debt 15,296 16,531 17,626 18,178 18,510 17,892 18,200 18,519 17,317 12,032 12,087 12,205 12,239 11,677 11,707 11,332 11,269 10,423 9,485 8,409 8,398 8,925 8,929 9,252 9,295 8,569 8,490 8,806 7,685 6,413 6,563 6,610 6,256 6,119 6,112 6,063 6,412 6,341 6,329 6,330 6,765 1,971 2,097 2,008 1,930 1,952 2,008 2,058 2,011 2,148 1,761 1,650 1,788 2,182 1,853 1,950 1,864 2,107 2,277 2,208 1,936 1,914 1,946 1,740 1,505 1,424 1,647.4 1,555.7 1,293.9 1,401 1,271.7 1,147 964.1 688 582.5 624.3 890.3 739.4 818.6 723.2 746.2 739.4 741.6 662.8 657.8 689.9 727.8 685.8 670.4
Net Debt 14,118 15,336 16,531 17,170 17,546 16,807 17,097 17,545 16,322 11,254 11,279 11,253 11,120 10,987 11,015 10,592 10,674 9,879 8,876 7,318 7,576 8,041 8,108 8,495 8,605 7,779 7,888 8,225 7,085 5,757 6,079 6,123 5,659 5,363 5,363 5,379 5,979 5,915 5,846 5,892 6,300 1,711 1,675 1,791 1,393 1,451 1,687 1,548 1,520 1,608 1,291 1,218 1,788 1,255 1,355 1,185 978 989 1,297 1,278 1,162 1,077 1,946 1,740 1,505 701 1,647.4 1,555.7 1,293.9 1,401 1,271.7 1,147 964.1 688 582.5 624.3 890.3 624.1 818.6 723.2 746.2 230.6 741.6 662.8 657.8 689.9 727.8 685.8 670.4
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2005 Q3 2005 Q2 2005 Q1 2004 Q2 2004 Q1 2003 Q4 2003 Q3 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2002 Q2 2002 Q1 2001 Q4 2001 Q3 2001 Q2 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Operating Activities
Net Income 1,239 1,693 470 594 982 734 355 524 1,071 498 456 575 1,050 666 418 514 1,048 873 (891) 393 913 524 282 411 791 382 222 287 676 353 153 58 610 (12) 192 778 305 509 326 280 327 122 191 200 172 191 203 150 146 152 178 128 56 104 83 72 29 90 139 129 123 13 138 151 50 139.1 124.1 139.5 138.3 112.9 101 84.2 0.7 25.2 83.8 65.3 96.5 (6.2) 100 98.7 111.2 86 86.7 88.2 99.1 77.9 77.8 79.1 89
Depreciation & Amortization 198 233 240 248 245 232 221 173 60 67 62 64 63 62 71 65 66 76 92 77 81 84 92 99 138 145 145 137 137 151 140 329 149 139 141 514 97 131 81 126 123 79 62 68 84 71 85 82 79 68 75 62 68 58 87 84 85 87 81 83 82 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock-Based Compensation 82 0 106 119 147 113 114 0 130 117 95 99 127 93 93 92 119 103 130 85 131 105 67 64 76 65 72 91 89 124 67 70 77 105 66 70 78 103 66 70 85 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (1,021) 522 332 54 (1,100) 298 437 18 (816) 715 483 20 (756) 217 521 37 (727) 91 608 134 (603) 24 353 317 (637) 77 376 (225) (799) 247 232 (64) (717) (85) (568) (63) (258) 123 217 29 (250) 14 (10) (41) (5) 39 (618) 42 627 24 (364) 9 385 4 30 (6) (67) 20 (152) 152 125 276 (60) (104) 234 787 (125) (336) 93 (905) 264 9 (741) (355) 278 6,491 (57) (221) (174) (56) (23,915.8) (2,195.6) 267.8 215.9 121.2 750.5 362.9 371 306.4
Other Non-Cash Items (19) (1,051) (6) (94) (17) (12) (90) (156) (60) 5 11 28 29 169 (6) (22) (25) (140) (1) (1) 20 10 (1) (1) (24) (5) 6 7 (4) (67) 5 (1) (5) 44 3 (814) 20 2 21 (6) (35) 96 (485) 565 (367) 501 562 79 (905) 536 304 245 (95) 25 (319) 232 (83) 8 204 (293) (201) (305) 43 47 (21) (769.5) (75.9) 724.5 24.9 1,104.2 (187.3) (106.7) 1,048.1 308.8 (283.6) (6,501.6) 203.2 397.4 140.5 39.6 24,095.2 2,287.4 (243.6) (156.5) 39.2 (671.5) (348.8) (313.3) (176.2)
Operating Cash Flow 430 1,397 1,148 796 140 1,200 1,013 513 309 1,261 1,043 688 443 1,042 1,046 668 463 931 (94) 784 561 760 804 881 338 672 802 287 74 711 562 273 140 381 (147) 260 240 851 711 491 273 311 (242) 792 (116) 802 232 353 (53) 780 193 444 414 191 (119) 382 (36) 205 272 116 146 (16) 121 94 263 156.6 (76.8) 528 256.2 312.1 177.7 (13.5) 307.8 (21) 78.2 54.7 242.7 170.2 66.5 82.3 290.6 177.8 110.9 147.6 259.5 156.9 91.9 136.8 219.2
Investing Activities
Capital Expenditure (67) (74) (69) (64) (56) (55) (62) (53) (48) (49) (58) (69) (76) (70) (58) (45) (23) (35) (32) (41) (29) (22) (30) (30) (59) (58) (61) (49) (57) (61) (68) (66) (45) (58) (43) (48) (34) (69) (49) (52) (52) (36) (24) (27) (18) (23) (40) (40) (53) (52) (82) (90) (50) (56) (115) (54) (55) (75) (31) (14) (59) 297 (257) (168) (143) (129.6) (65.4) (62.3) (42.7) (1,754.4) (11.7) (0.1) (28.6) (17.9) (21.8) (19.2) (15.9) (16) (26.5) (31.1) (24.3) (20.3) (14) (25.4) (17.2) (15.1) (12.3) (16.4) (3.3)
Acquisitions (295) 2,119 24 68 (92) (481) 103 (2,499) 71 (13) (10) (6) (1) (7) 47 (9) (112) 199 (4) 9 29 299 30 (34) (304) 9 12 1 (9) (10) (9) (19) (30) (805) (22) 4,092 (48) (678) (14) (161) 81 (6) (24) (19) (42) 1 3 0 (35) 24 (71) 2 (7) (35) (6) (31) (26) (25) (19) (6) (35) 0 0 0 0 0 0 0 0 0 0 0 0 1,027.8 0 0 0 (109.6) 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 1,344 (1,412) 72 (31) (164) (36) (45) 5,011 (5,102) (6) (32) (18) (11) (187) (56) 134 (173) (21) (41) (11) (18) 128 190 (501) (81) (12) 21 (108) (14) (15) (29) (25) (11) 1,103 1,084 (2,474) (9) 91 (126) 212 (241) (1,173) (272) (1,285) (239) (844) (234) (259) (681) (896) (924) (743) (301) (662) (1,761) 271 (36) (19) (469) (275) (273) 1,669 (394) (498) (870) (787.1) (324) (1,359) (2,714.9) (1,774) (1,406.9) (852.2) (599.6) 1,186 (148) (1,182.1) (884.5) (1,205.3) (1,403.3) (1,273.8) (960.5) (715) (596.4) (785.3) (1,370.9) (1,293.1) (1,223.9) (970.2) (1,161.8)
Sales/Maturities of Investments 1,380 15 (71) 51 20 (5) 33 217 118 (172) 24 16 293 24 (17) 58 45 22 (12) (86) 149 30 17 11 6 63 19 (39) 53 33 11 (57) 432 25 14 (90) 119 73 (98) 116 13 955 735 574 287 194 196 339 814 307 550 889 235 748 863 333 187 327 278 259 299 330 321 454 862 688.6 463.4 863.2 2,488.8 1,374.8 1,324.1 9 1,609.3 (454.8) 300.3 210.8 780.4 (1,791.8) 1,262.2 1,294.3 716.1 820.8 310.2 695.3 1,378.7 1,324.6 933.5 923.3 937.2
Other Investing Activities (1,363) 0 (50) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (29) (299) (30) 0 0 0 0 0 0 0 0 0 0 0 0 (4) (15) 0 0 0 0 0 0 0 137 0 0 0 0 0 0 0 0 0 1,053 (891) (162) 0 0 0 0 (2,096) 0 0 0 (51.5) (59.5) (166.9) (96.1) 1,344.7 (55.9) 735 (1,289.8) (1,776.8) (20.7) 1,281.1 (7.2) 3,019.9 (7.8) (3.7) (63) (1.2) 0 (10.7) (10.1) (28.5) (5.5) (51.1) (11.2)
Investing Cash Flow 999 648 (94) 24 (292) (577) 29 2,676 (4,961) (240) (76) (77) 205 (240) (84) 138 (263) 165 (89) (129) 102 136 177 (554) (438) 2 (9) (195) (27) (53) (95) (167) 346 265 1,033 1,476 13 (583) (287) 115 (199) (260) 415 (757) 125 (672) (75) 40 45 (617) (527) 58 (123) (5) 34 (372) (92) 208 (241) (36) (68) 200 (330) (212) (151) (279.6) 14.5 (725) (364.9) (808.9) (150.4) (108.3) (308.7) (35.7) 109.8 290.6 (127.2) (102.8) (175.4) (14.3) (331.7) 84.3 (300.2) (126.1) (19.5) (12.1) (308.2) (114.4) (239.1)
Financing Activities
Net Debt Issuance (593) (1,550) (504) (414) 594 (50) (550) (2,344) 5,351 (103) (57) (44) 571 (140) 480 142 920 1,016 1,124 13 (400) (25) (310) (113) 719 51 (271) 1,154 177 (125) (63) 421 104 2 (8) (381) 42 101 (3) (446) 870 17 (229) (27) 47 (136) (117) (228) 104 (144) (400) 73 83 53 109 (114) 99 (211) 51 326 25 (25) 205 258 120 (215.4) 108 262 (108) 170 111.4 113.3 72.9 152.3 (31.9) (264.7) (0.6) 39.2 94.7 (21.1) 3.6 (4.4) 78.1 3 (29.7) (37) 40.1 (1.4) 8.6
Stock Repurchased (500) (250) (250) (250) (250) (200) (300) (250) (250) (750) (850) (550) (550) (675) (1,200) (500) (828) (2,000) (1,251) (242) (50) (800) (500) 0 (463) (453) (352) (1,055) (100) (198) (301) (402) (569) (511) (788) (974) (126) (220) (287) (65) (685) 0 0 0 0 0 6 0 1 (7) (13) 0 0 13 (30) 11 1 2 2 (40) (23) (44) (9) (12) (1) 0 0 0 0 (100.7) 0 0 10.8 (32.6) 6.2 (54.2) 12.1 3 (76.8) (45.7) (2.3) (103.3) 0 0 0 0 0 0 0
Dividends Paid (162) (161) (160) (161) (147) (146) (147) (146) (123) (123) (125) (126) (115) (116) (118) (119) (110) (112) (116) (115) (104) (105) (103) (102) (102) (103) (104) (107) (96) (97) (98) (98) (89) (90) (92) (95) (87) (87) (89) (87) (82) (48) (49) (48) (48) (48) (48) (47) (48) (47) (47) (62) (62) (62) (62) (61) (60) (58) (57) (57) (54) (54) (55) (53) (48) (48.2) (54.3) (47.5) (44) (46.6) (46.6) (46.5) (42.4) (43.4) (43.2) (44.1) (42.2) (43.1) (43.9) (42.9) (41.4) (41.6) (41.6) (40.2) (38.9) (36.9) (39.1) (39.1) (35.9)
Other Financing Activities 789 (1,113) 119 798 (576) (391) 264 (259) 258 (697) (160) 269 473 (734) 513 (63) 495 552 385 289 (127) (12) (29) (26) (72) (20) (9) (84) (121) (24) 5 (56) (109) (18) 10 (62) (87) (65) 8 (42) (107) (50) 0 0 0 0 (10) (22) (16) (41) (214) (352) (144) (59) (40) (116) (30) (9) 25 (146) (89) (92) (100) 40 22 (22.8) 147 4 169 179.6 2.1 110.2 837.1 117.6 17.8 81 (145.8) (145.3) (7.2) (202.8) 79.8 (12.8) 128.6 54.5 24.8 (42.1) 185.6 38.6 111.3
Financing Cash Flow (441) (3,064) (768) (24) (349) (769) (699) (2,997) 5,261 (1,664) (1,162) (443) 404 (1,451) (302) (537) 500 (544) 142 (55) (681) (942) (942) (286) 82 (525) (736) (92) (140) (444) (457) (135) (663) (617) (878) (1,512) (258) (271) (371) (640) (4) (52) (271) (70) 8 (179) (175) (297) 41 (239) (93) (335) (113) (55) 26 (280) 10 (276) 21 83 (141) (215) 41 233 93 (314.4) 196 221 29 164.5 68.7 188.1 878.4 236.5 (65.3) (267.9) (204.7) (70.8) (33.2) (312.5) 39.7 (70.1) 164.7 12.1 (100.6) (105) 179.8 (4.3) 79
Cash Position
Net Change in Cash 891 100 196 1,296 (305) (710) 722 136 463 (322) (455) 313 1,110 (119) 4 (104) 650 (65) (163) 663 (52) 63 64 67 (100) 188 21 (19) (56) 172 (3) (110) (159) 7 65 233 20 (52) 45 (27) 81 14 (107) (44) 19 (49) (30) 100 60 (74) (421) 166 192 130 (59) (267) (121) 138 50 156 (63) (34) (167) 111 204 (447.9) 137 24 (75) (319.7) 72.8 62 859.5 183.5 123.1 78 (89.8) (8.9) (144.2) (249.3) 8.9 0 0 0 (163.8) 0 0 0 (87.7)
Cash at Beginning 8,573 1,095 9,324 8,028 8,333 9,043 8,321 8,185 7,722 8,044 8,499 8,186 7,076 7,195 7,191 7,295 6,645 609 7,184 6,521 6,573 821 757 690 790 602 581 600 656 484 487 597 756 749 684 451 431 483 438 465 384 419 526 570 491 540 570 470 410 484 927 761 569 439 498 765 886 980 930 774 837 871 1,038 927 723 1,170.9 1,034 1,010 1,085 1,404.4 1,331.6 1,269.6 410.1 226.6 103.5 25.5 115.3 124.2 268.4 517.7 508.8 0 0 0 163.8 0 0 0 87.7
Cash at End 9,464 1,195 9,520 9,324 8,028 8,333 9,043 8,321 8,185 7,722 8,044 8,499 8,186 7,076 7,195 7,191 7,295 544 7,021 7,184 6,521 884 821 757 690 790 602 581 600 656 484 487 597 756 749 684 451 431 483 438 465 433 419 526 510 491 540 570 470 410 506 927 761 569 439 498 765 1,118 980 930 774 837 871 1,038 927 723 1,171 1,034 1,010 1,084.7 1,404.4 1,331.6 1,269.6 410.1 226.6 103.5 25.5 115.3 124.2 268.4 517.7 0 0 0 0 0 0 0 0
Free Cash Flow 363 1,323 1,079 732 84 1,145 951 460 261 1,212 985 619 367 972 988 623 440 896 (126) 743 532 738 774 851 279 614 741 238 17 650 494 207 95 323 (190) 212 206 782 662 439 221 275 (266) 765 (134) 779 192 313 (106) 728 111 354 364 135 (234) 328 (91) 130 241 102 87 281 (136) (74) 120 27 (142.2) 465.7 213.5 (1,442.3) 166 (13.6) 279.2 (38.9) 56.4 35.5 226.8 154.2 40 51.2 266.3 157.5 96.9 122.2 242.3 141.8 79.6 120.4 215.9
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 2005 Q1 2004 Q4 2004 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2002 Q4 2002 Q2 2001 Q4 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1
Income Statement
Revenue 5,034 4,300 3,997 4,155 4,729 4,147 3,721 3,760 4,070 3,375 2,953 3,177 3,871 3,130 2,696 2,983 3,670 3,080 2,702 2,886 3,525 2,965 2,385 2,497 3,219 2,885 2,379 2,606 3,143 2,770 2,349 2,561 3,090 2,909 2,340 2,368 2,381 3,323 2,201 2,282 2,276 3,288 2,742 2,805 2,847 3,299 2,880 2,919 2,947 3,209 2,794 2,897 2,915 3,115 2,737 2,821 2,841 2,994 2,723 2,811 2,759 2,909 1,801 1,898 1,904 2,048 1,794 1,882 1,846 1,920 1,846 1,956 1,905 195 1,749 1,866 1,798 2,413 2,168 2,208 2,165 2,523 2,018 2,148 2,464 2,662 2,347 2,544 2,564 2,601 2,412 2,366 2,122 2,036 1,917 1,811 1,961 1,785 1,819 1,810
Gross Profit 4,413 3,592 1,738 1,795 2,480 2,027 1,571 1,630 2,187 1,704 1,268 1,423 2,079 1,591 1,164 1,344 1,903 1,524 867 1,258 1,806 1,330 998 1,136 1,697 1,284 1,011 1,105 1,559 1,169 957 1,067 1,474 1,157 912 902 912 1,357 901 886 931 1,431 1,098 1,152 1,164 1,451 1,173 1,211 1,196 1,367 1,128 1,185 1,190 (3,594) 1,117 1,182 1,180 2,994 2,723 2,811 2,759 2,909 1,801 1,898 1,904 2,048 1,794 1,882 1,846 1,920 1,846 1,956 1,905 195 1,749 1,866 1,798 2,413 2,168 2,208 2,165 2,523 2,018 2,148 2,464 2,662 2,347 2,544 2,564 2,601 2,412 2,366 2,122 2,036 1,917 1,811 1,961 1,785 1,819 1,810
Operating Income 1,807 1,337 816 859 1,461 1,091 623 656 1,465 779 691 842 1,473 1,012 590 700 1,367 974 (801) 672 1,245 713 441 594 1,033 524 360 413 872 499 262 (16) 799 489 256 (127) 335 629 368 387 420 717 413 277 441 635 417 445 469 515 364 382 410 461 339 394 402 435 328 440 398 422 263 268 273 202 194 220 366 256 247 255 287 73 256 286 275 278 173 301 266 236 173 277 344 145 207 317 334 378 287 322 46 183 95 84 202 282 261 249
Net Income 1,212 1,693 458 579 965 716 343 524 1,071 498 456 560 1,050 657 408 501 1,023 863 (900) 379 913 524 275 398 772 374 222 277 659 345 147 48 594 (19) 185 769 291 502 319 300 325 584 295 178 328 459 309 304 325 355 256 241 261 305 204 246 238 277 198 258 246 231 144 153 178 198 120 149 280 (6) 117 1,133 218 207 204 240 213 223 106 193 198 224 122 191 200 81 122 173 170 215 146 178 0 83 29 19 83 139 129 123
EPS (Diluted) 5.63 7.82 2.11 2.66 4.43 3.28 1.57 2.46 5.35 2.47 2.23 2.71 5.07 3.14 1.92 2.33 4.73 3.90 -3.99 1.66 4.00 2.27 1.18 1.70 3.29 1.58 0.93 1.14 2.70 1.41 0.60 0.19 2.37 -0.08 0.72 2.93 1.09 1.87 1.18 1.01 1.19 2.09 1.04 0.62 1.14 1.56 1.04 1.01 1.06 1.14 0.82 0.76 0.82 0.93 0.62 0.73 0.71 0.82 0.59 0.75 0.71 0.67 0.51 0.54 0.63 0.70 0.41 0.52 0.96 -0.02 0.40 3.71 0.68 0.65 0.64 0.75 0.66 0.69 0.32 0.57 0.57 0.64 0.36 0.57 0.59 0.24 0.36 0.52 0.51 0.59 0.46 0.56 0.04 0.30 0.11 0.07 0.34 0.53 0.49 0.47
Balance Sheet
Cash & Equivalents 1,178 1,195 1,095 1,008 964 1,085 1,103 974 995 778 808 952 1,119 690 692 740 595 544 609 1,091 822 884 821 757 690 790 602 581 600 656 484 487 597 756 749 684 433 431 483 438 465 260 422 217 537 501 321 510 491 540 470 432 506 927 498 765 886 1,118 980 930 774 837 0 0 0 723 0 0 0 1,084.7 0 0 0 410.1 0 0 0 115.3 0 0 0 508.8 0 0 0 0 0 0 0
Total Assets 51,429 50,784 51,637 54,010 50,304 48,965 49,885 51,453 40,767 33,959 33,112 36,049 34,253 32,704 31,223 34,720 33,491 31,928 31,816 34,580 32,175 32,106 31,359 31,995 30,282 29,405 28,167 29,807 29,135 26,422 25,602 27,217 27,847 26,088 25,924 27,189 26,982 26,615 25,252 26,693 26,813 23,956 22,959 22,958 24,438 23,108 23,823 27,770 27,913 27,027 27,910 26,547 25,334 24,323 22,845 22,466 22,037 22,251 21,831 22,095 21,300 21,132 21,113 21,004 20,484 19,688 19,937.5 19,845.2 18,874.8 18,691.2 17,832.1 17,406.9 17,316.7 13,722.7 12,227 11,999 20,123 19,735.8 19,640.1 19,020.6 18,848.7 17,921.9 17,713.5 17,376.8 17,120.8 16,279.1 16,165.1 15,680.5 15,292.7
Total Debt 15,296 16,531 17,626 18,178 18,510 17,892 18,200 18,519 17,317 12,032 12,087 12,205 12,239 11,677 11,707 11,332 11,269 10,423 9,485 8,409 8,398 8,925 8,929 9,252 9,295 8,569 8,490 8,806 7,685 6,413 6,563 6,610 6,256 6,119 6,112 6,063 6,412 6,341 6,329 6,330 6,765 1,971 2,097 2,008 1,930 1,952 2,008 2,058 2,011 2,148 1,761 1,650 1,788 2,182 1,853 1,950 1,864 2,107 2,277 2,208 1,936 1,914 1,946 1,740 1,505 1,424 1,647.4 1,555.7 1,293.9 1,401 1,271.7 1,147 964.1 688 582.5 624.3 890.3 739.4 818.6 723.2 746.2 739.4 741.6 662.8 657.8 689.9 727.8 685.8 670.4
Stockholders' Equity 9,834 9,352 7,939 7,843 7,004 6,121 6,244 5,860 (133) (826) (586) 65 (70) (529) (783) 684 1,177 1,061 2,209 4,462 4,260 3,495 3,542 3,601 3,169 3,375 3,492 3,836 4,775 4,151 4,262 4,545 5,301 4,583 5,175 5,487 5,754 5,475 5,434 5,499 5,281 5,428 5,402 5,379 5,866 5,553 5,615 4,717 4,654 4,498 4,318 4,070 3,895 3,713 3,626 3,470 3,363 3,388 3,182 3,087 3,090 3,051 3,206 3,168 2,937 3,017 3,047 3,075.1 2,933.7 2,822.1 3,770.5 2,867.5 2,746 2,832.9 2,768.1 2,744.2 2,715.1 2,257.4 2,622 2,652.8 2,469.2 2,257.4 2,306.5 2,299.1 2,304.9 2,287.8 2,251.5 2,221.6 2,166.4
Cash Flow
Operating Cash Flow 430 1,397 1,148 796 140 1,200 1,013 513 309 1,261 1,043 688 443 1,042 1,046 668 463 931 (94) 784 561 760 804 881 338 672 802 287 74 711 562 273 140 381 (147) 260 240 851 711 491 273 311 (242) 792 (116) 802 232 353 (53) 780 193 444 414 191 (119) 382 (36) 205 272 116 146 (16) 121 94 263 156.6 (76.8) 528 256.2 312.1 177.7 (13.5) 307.8 (21) 78.2 54.7 242.7 170.2 66.5 82.3 290.6 177.8 110.9 147.6 259.5 156.9 91.9 136.8 219.2
Capital Expenditure (67) (74) (69) (64) (56) (55) (62) (53) (48) (49) (58) (69) (76) (70) (58) (45) (23) (35) (32) (41) (29) (22) (30) (30) (59) (58) (61) (49) (57) (61) (68) (66) (45) (58) (43) (48) (34) (69) (49) (52) (52) (36) (24) (27) (18) (23) (40) (40) (53) (52) (82) (90) (50) (56) (115) (54) (55) (75) (31) (14) (59) 297 (257) (168) (143) (129.6) (65.4) (62.3) (42.7) (1,754.4) (11.7) (0.1) (28.6) (17.9) (21.8) (19.2) (15.9) (16) (26.5) (31.1) (24.3) (20.3) (14) (25.4) (17.2) (15.1) (12.3) (16.4) (3.3)
Free Cash Flow 363 1,323 1,079 732 84 1,145 951 460 261 1,212 985 619 367 972 988 623 440 896 (126) 743 532 738 774 851 279 614 741 238 17 650 494 207 95 323 (190) 212 206 782 662 439 221 275 (266) 765 (134) 779 192 313 (106) 728 111 354 364 135 (234) 328 (91) 130 241 102 87 281 (136) (74) 120 27 (142.2) 465.7 213.5 (1,442.3) 166 (13.6) 279.2 (38.9) 56.4 35.5 226.8 154.2 40 51.2 266.3 157.5 96.9 122.2 242.3 141.8 79.6 120.4 215.9