CF Industries Holdings, Inc. logo CF - CF Industries Holdings, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 21
HOLD 14
SELL 6
STRONG
SELL 0
| PRICE TARGET: $110.00 DETAILS
HIGH: $145.00
LOW: $72.00
MEDIAN: $109.00
CONSENSUS: $110.00
DOWNSIDE: 11.05%
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 2004 Q4 2004 Q3
Revenue
Revenue 1,986 1,872 1,659 1,890 1,663 1,524 1,370 1,572 1,470 1,571 1,273 1,775 2,012 2,608 2,321 3,389 2,868 2,540 1,362 1,588 1,048 1,102 847 1,204 971 1,049 1,038 1,502 1,001 1,132 1,040 1,300 957 1,099 870 1,124 1,037 867 680 1,134 1,004 1,115.8 927.4 1,311.5 953.6 1,216.5 921.4 1,472.7 1,132.6 1,326.3 1,097 1,714.9 1,336.5 1,481.4 1,359.4 1,735.6 1,527.6 1,718.4 1,403.8 1,801.7 1,174 1,237.6 917.1 1,307.9 502.4 506.7 430.1 991 680.6 1,072 1,020.8 1,161 667.3 852.5 582.9 848.9 447.7 506.2 378 664.8 400.5 463.0 359.4 543.0 478.6 326.7
Cost of Revenue 1,240 1,103 1,027 1,044 986 1,001 924 893 1,057 1,024 888 971 1,103 1,262 1,406 1,406 1,220 1,428 934 1,085 874 916 753 870 779 811 808 1,004 779 897 867 990 769 946 855 931 879 856 647 607 787 835.4 763 625 538 772.2 620.3 882.4 689.8 732.5 710.9 849.7 661.4 825.2 657.4 692.3 815.8 853.2 765.8 934.3 649 753.7 747.3 911.1 373.4 380.6 306.1 564 518.3 711.3 899.9 691.1 396.1 616.5 431.6 671.3 367.3 463.3 372.8 587.5 423.2 460.7 303.4 531.1 407.3 282.8
Gross Profit 746 769 632 846 677 523 446 679 413 547 385 804 909 1,346 915 1,983 1,648 1,112 428 503 174 186 94 334 192 238 230 498 222 235 173 310 188 153 15 193 158 11 33 527 217 280.4 165 686 416 444.3 301.1 590.3 442.8 593.8 386.1 865.2 675.1 656.2 702 1,043.3 711.8 865.2 638 867.4 525 483.9 169.8 396.8 129 126.1 124 427 162.3 360.7 120.9 469.9 271.2 236 151.3 177.6 105.1 42.9 25.8 101.2 (22.7) 2.3 56 95.6 71.3 43.9
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 21.9 0 0 0 0 0 0 0 0 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 103 91 88 101 84 78 78 76 88 76 68 71 74 87 66 73 64 56 52 60 55 52 49 51 54 63 56 62 58 51 53 53 57 52 45 49 46 33 44 52 45 50.2 41.6 37.9 40.1 32.5 38.2 39.5 41.7 45 32.2 44.5 44.3 40.2 36.5 41.3 33.8 36.8 30.5 31.7 31 32.8 28.8 28.3 16.2 15.9 15.1 16.5 15.4 19.5 16.7 18.1 19.6 20.6 16.6 18.2 15 10.6 13.5 15.9 14.5 22.1 20.9 14.1 36.7 9.9
Other Expenses 0 0 (36) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 63 61 (22.4) 33 23 18 (10.8) 25.7 21.6 (5.8) 20 (20.3) (3.5) 14.6 (19.8) 8.6 10.8 22.3 (41.6) 39.4 2.1 (31) 12.4 1.3 0 139.3 39.1 19.1 15.3 23.2 (2.7) 1.6 0 1.4 1.2 (3.2) 0 0 21.4 0.3 0 0 2.2 0 0 (6.8) 1.7
Operating Expenses 103 91 52 101 84 78 78 76 88 76 68 71 74 87 66 73 64 56 52 60 55 52 49 51 54 63 56 62 58 51 53 53 55 52 45 49 46 33 44 115 106 27.8 75 61 58 21.7 63.9 61.1 35.9 65 11.9 41 58.9 20.4 45.1 52.1 56.1 (4.8) 69.9 33.8 0 45.2 30.1 28.3 155.5 55 34.2 31.8 38.6 16.8 18.3 18.1 19.6 21.8 13.4 18.2 15 32 13.5 15.9 14.5 24.3 19 16 30.0 11.6
Operating Income
Operating Income 640 678 580 745 593 445 368 603 325 471 317 733 835 1,259 849 1,910 1,584 1,056 376 443 119 134 45 283 138 175 174 436 164 184 120 257 133 101 (30) 144 112 (22) (11) 238 97 137.1 59 630 367 418.8 246.6 531.3 1,169.8 564.8 385.4 833.7 627.8 655.6 667.1 1,005 671.2 869.8 567.3 830.5 534.4 435 131.1 350.4 (26.5) 71.1 89.8 395.2 123.7 343.9 102.6 452.1 251.6 214.2 137.9 159.4 90.1 10.9 12.3 85.3 (37.2) (22.0) 37 79.6 41.4 32.3
Interest Expense 39 41 41 36 37 47 0 37 37 35 39 36 40 0 46 82 241 44 46 46 48 38 48 49 44 55 63 59 60 61 59 61 60 74 81 80 80 70 31 61 38 40 30.3 26.6 33.9 41.1 46.4 50.7 40 39.8 41 32.3 39.1 30.4 28.7 45.3 30.9 32.2 32.1 30.8 52.1 50.7 58.3 111.9 0.4 0.4 0.4 0.3 0.4 0 0 0.4 0.4 0 0 0 0 2.9 0 0 0 0 0 0 0 0
Interest Income 20 24 23 17 17 33 32 28 30 43 45 40 30 9 12 8 36 1 0 0 0 0 0 17 1 8 4 4 4 4 4 2 3 4 5 2 1 1 2 1 1 0.4 0.6 0.2 0.4 0.2 0.2 0.3 0.2 0.6 1 1 2.1 2.3 1.6 0 0.4 0.2 0.3 0.9 0.3 0.5 0.3 0.4 0.3 0.4 2.1 0.7 1.3 0 0 6.6 8.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,111 871 823 903 695 701 629 888 590 700 505 997 1,065 1,449 959 1,998 1,899 1,365 109 689 443 383 248 537 358 374 416 730 355 420 370 518 352 285 185 320 257 (82) 41 388 242 265.4 175 731 482 509.2 340 626.3 1,271.9 657.8 482.9 938 678.8 687.6 765.3 1,101.5 769.7 930.6 684.3 940.6 653.5 542 248 483.4 30.4 111.6 118.9 420.4 147.2 369 126.9 486.4 288.6 237.6 158.5 179.8 110.2 35.2 35.2 110.2 (14.7) (1.0) 60.2 79.6 68.9 32.3
EBIT 883 643 606 671 474 480 400 666 337 471 292 776 859 1,254 739 1,778 1,693 1,129 (91) 448 241 155 39 300 148 162 196 481 170 202 142 279 165 57 (34) 109 58 (265) (100) 207 96 133.8 46 627 367 415.2 244.6 528.5 1,166.6 561 382.8 831.4 571.7 586.5 665.6 985.6 666.6 829.3 582.7 845.8 535 435.7 137.6 333.6 2.1 83.9 91.9 396 125.3 343.9 102.6 460.8 262.8 214.2 137.9 159.4 90.1 10.9 12.3 85.3 (37.2) (22.0) 37 79.6 41.4 32.3
Income Before Tax 844 602 565 635 437 433 400 629 300 436 253 740 819 1,254 693 1,696 1,452 1,085 (137) 402 193 117 (9) 251 104 107 133 422 110 141 83 218 105 (17) (115) 29 (22) (335) (131) 178 62 98.3 24.6 601 333.7 376.5 200.5 480.2 1,130.1 525.2 345.7 802.7 536.1 588.2 640.2 960.3 640.8 797.1 550.6 815 482.9 385 79.3 221.7 1.7 83.5 91.5 395.7 124.9 297.3 76 441.3 243.9 206.8 132.6 144.9 87 12.5 11 70.3 (40.8) (18.7) 3.3 53.9 29.4 23.1
Income Tax Expense 168 107 105 143 86 41 59 123 62 84 23 134 169 245 155 357 401 226 (46) 85 18 (2) (13) 33 13 13 19 102 (8) 46 12 44 17 (520) (47) 5 (13) (47) (131) 95 15 62.3 20.1 200.7 112.7 132.1 70.5 157.2 413.2 187.2 109 282.9 107.4 242.2 206 309.2 206.8 (301.8) 184.9 281 (158.8) 378.1 18.9 89.9 4.4 25.9 32.1 146.8 41.2 103.9 27.5 159.9 86.8 72.3 46.1 51.3 29.8 4.5 3.7 27.7 (16.2) (8.7) 94.7 21.4 11.2 8.8
Net Income 615 404 353 386 312 328 276 420 194 274 164 527 560 860 438 1,165 883 705 (185) 246 151 87 (28) 190 68 55 65 283 90 49 30 148 63 465 (87) 3 (23) (320) (30) 47 26 26.5 90 352 231 238.3 130.9 312.6 708.5 325.8 234.1 498.2 406.5 470.7 403.3 606.3 368.4 438.9 330.9 487.4 282 200.3 48.2 105.1 (4.4) 51.4 38.5 213 62.7 190.1 47.1 288.6 158.8 135.4 86.5 93.6 57.2 8 7.3 42.6 (24.6) (12.8) (91.4) 42.9 18.1 14.3
Per Share Data
EPS (Basic) 3.99 2.60 2.19 2.37 1.85 1.89 1.55 2.30 1.03 1.44 0.85 2.71 2.85 4.37 2.19 5.59 4.23 3.29 -0.86 1.14 0.70 0.40 -0.13 0.89 0.31 0.26 0.29 1.28 0.40 0.21 0.13 0.63 0.27 1.99 -0.37 0.01 -0.10 -1.38 -0.13 0.20 0.11 0.11 0.39 1.50 0.96 0.97 0.53 1.22 2.59 1.15 0.82 1.69 1.31 1.50 1.29 1.88 1.12 1.34 0.95 1.36 0.79 0.62 0.14 0.31 -0.02 0.21 0.16 0.88 0.26 0.69 0.17 1.02 0.56 0.49 0.31 0.34 0.21 0.03 0.03 0.15 -0.09 -0.05 -0.33 0.16 0.07 0.05
EPS (Diluted) 3.98 2.59 2.19 2.37 1.85 1.89 1.55 2.30 1.03 1.44 0.85 2.70 2.84 4.36 2.18 5.58 4.21 3.27 -0.86 1.14 0.70 0.40 -0.13 0.89 0.31 0.25 0.29 1.28 0.40 0.21 0.13 0.63 0.27 1.98 -0.37 0.01 -0.10 -1.37 -0.13 0.20 0.11 0.11 0.39 1.49 0.96 0.96 0.52 1.22 2.58 1.14 0.81 1.68 1.29 1.48 1.27 1.86 1.11 1.33 0.95 1.35 0.78 0.61 0.13 0.31 -0.02 0.21 0.16 0.87 0.26 0.67 0.16 1.00 0.55 0.48 0.30 0.33 0.20 0.03 0.03 0.15 -0.09 -0.05 -0.33 0.16 0.07 0.05
Shares Outstanding 154.2 155.9 161 162.9 168.6 173.2 178.4 182.7 187.6 190.1 192.4 194.6 196.2 196.6 200.2 208.2 208.6 214 214.9 215.5 214.9 214.5 213.9 214.5 216 217.5 219 221.1 223.4 229.1 233.5 234 233.9 233.5 233.2 233.5 230 231.8 230.8 233.3 233.2 233.1 233.1 235.2 239.5 246.5 248.5 255.5 274 284.5 286.5 295.5 311.5 314.5 314 321.5 327.5 327 347 358 356.5 323.5 355.5 337 243 242.5 242.5 242 242 276.5 282 282 281.5 277.5 278 277 275.5 275 275 275 275 275.0 275 275 275 275
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 2004 Q4
Current Assets
Cash & Cash Equivalents 2,042 1,982 1,838 1,686 1,406 1,614 1,877 1,819 1,773 2,032 3,254 3,219 2,825 2,323 2,192 2,370 2,617 1,628 757 777 804 683 553 563 753 287 1,019 858 671 682 1,022 728 936 835 1,992 2,001 1,312 1,164 1,554 2,008 2,689 286 943.2 809.9 1,778.8 1,996.6 2,651.2 2,194.1 3,530.2 1,710.8 2,286.2 1,934.1 2,210.3 2,274.9 2,221.3 1,383 1,713.3 1,207 1,426.1 1,355.6 1,134.1 797.7 648.4 601.4 1,010.5 697.1 497.5 816.1 803.8 625 828.4 805.8 852 366.5 53 59.6 27.8 25.4 21.4 24.7 38.7 37.4 40.4 79.4 50.0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.2 3.2 3.1 0 0 25.2 185 205.1 105.1 35.2 0 323.8 238.7 0 494.5 677.4 506 463 300.2 284 203.3 157.6 179.3 277.1 430.9 369.3
Net Receivables 726 488 602 586 582 404 482 531 535 505 417 388 482 582 721 724 679 497 386 401 271 265 234 250 251 242 311 313 264 235 273 338 247 307 279 282 252 236 207 239 262 267.2 251.9 194.9 167.1 191.5 156.9 258.3 215.7 230.9 186.9 294.3 242.7 217.4 340.9 360.2 464.9 269.4 268.6 424.5 260.3 238.9 228.8 347.4 197.5 167.4 143.3 137.9 185.4 175.1 154 175.3 154.2 148.7 149.7 158 118.5 113.9 86.5 85 70.9 53.9 60.5 91.9 43.3
Inventory 371 383 367 316 351 314 301 302 271 299 318 319 430 474 500 497 488 408 418 290 379 287 298 273 379 351 296 290 446 309 264 257 401 275 316 325 364 339 312 231 304 321.2 329.8 205.3 267.7 202.9 254.8 205 384.4 274.3 357.4 321 385.8 277.9 310 229.6 265.5 304.2 341.6 277 395.2 270.3 271.1 287.3 287.2 207.8 219.6 213.9 460.1 588.6 617.2 368.8 444.5 231.7 236.7 180.1 303.7 176.1 241.4 202.6 331.3 251.1 215.8 141.4 233.5
Other Current Assets 229 27 46 37 40 43 57 64 38 47 54 65 42 79 88 75 42 56 52 33 24 35 33 30 19 23 26 26 30 20 21 24 21 15 22 67 877 916 858 896 265 252.7 239.3 156.3 166.1 223.5 275.8 748.3 780.8 361 229.2 145.6 68.9 19.7 24.9 23.9 14.7 1.5 21.6 20.1 16 31.4 22.1 23.7 6.4 11.1 19.3 11.4 10.5 18.2 36.4 182.2 65.8 37.7 29.2 19.6 23.7 17.5 22 25.2 48.4 54.4 97.2 48.7 92.7
Total Current Assets 3,391 2,985 2,978 2,676 2,433 2,520 2,850 2,801 2,719 3,050 4,190 4,072 3,848 3,673 3,680 3,738 3,826 2,593 1,814 1,569 1,489 1,367 1,171 1,136 1,480 974 1,669 1,488 1,412 1,274 1,597 1,348 1,660 1,465 2,651 2,675 2,805 2,655 2,931 3,374 3,520 1,127.1 1,764.2 1,366.4 2,379.7 2,614.5 3,338.7 3,405.7 4,911.1 2,630.1 3,059.7 2,719.5 2,907.7 2,807.6 3,015.2 1,996.7 2,458.4 1,798.6 2,057.9 2,080.4 1,808.8 1,341.4 1,199 1,267.4 1,549.8 1,283.1 1,084.8 1,284.4 1,495 1,433.2 2,041.5 1,770.8 1,516.5 1,279.1 1,138.8 923.3 936.7 633.1 655.3 540.8 642.4 576.1 687.7 792.3 788.8
Non-Current Assets
Property, Plant & Equipment 7,117 7,125 7,245 7,084 6,918 7,001 7,088 7,071 7,222 7,400 6,433 6,496 6,582 6,691 6,774 6,849 7,142 7,324 7,471 7,665 7,741 7,891 8,008 8,070 8,225 8,450 8,511 8,617 8,756 8,623 8,772 8,841 9,031 9,175 9,372 9,441 9,552 9,652 9,725 9,413 9,052 8,539 7,939.6 6,465.6 5,925 5,525.8 5,050.2 4,605.1 4,281.9 4,101.7 4,250 4,086.5 3,938.1 3,900.5 3,721.8 3,700.8 3,712.5 3,736 3,739.3 3,869.5 3,924.1 3,925.6 3,928.8 3,907.6 789.7 793.8 766.9 738.5 706.4 661.9 665.1 649.3 636.4 623.6 618.4 596 593.9 597 603.2 608.4 619.2 630.1 627.4 626 645.6
Goodwill 2,492 2,493 2,492 2,493 2,492 2,492 2,493 2,493 2,495 2,495 2,089 2,089 2,089 2,089 2,088 2,090 2,091 2,091 2,116 2,378 2,377 2,374 2,357 2,346 2,346 2,365 2,344 2,353 2,360 2,353 2,361 2,364 2,381 2,371 2,369 2,360 2,350 2,345 2,359 2,363 2,384 2,390.1 2,407.2 2,090.8 2,090.4 2,092.8 2,094 2,095.7 2,094.6 2,095.8 2,064.5 2,064.5 2,064.5 2,064.5 2,064.5 2,064.5 2,064.5 2,064.5 2,064.5 2,064.5 2,064.5 2,085.7 2,096.4 2,096.4 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0 0 0 0
Intangible Assets 470 473 480 488 499 507 515 522 532 538 0 0 15 15 15 33 44 45 66 102 102 104 102 101 102 110 106 111 115 115 119 121 131 129 130 129 128 128 135 140 150 155.7 162.4 35.4 36.1 41.8 42.8 43.8 44.8 45.8 46.8 47.7 48.7 49.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.9 1.3 1.3 1.3
Long-Term Investments 39 32 35 35 33 29 28 25 29 26 32 72 81 74 86 79 84 82 92 82 91 80 86 94 91 88 87 101 100 93 96 94 100 108 109 120 141 139 287 289 298 297.8 359.8 808.7 853.5 861.5 925.2 943 933.5 926 931.8 898.6 905.8 935.6 991.9 999.8 1,005.8 999.5 1,057 1,085.3 1,084.4 1,079.9 1,110.9 1,064.7 218.8 376.2 428.1 180 211.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1,099 980 973 974 933 917 869 863 864 867 799 808 783 771 637 634 595 240 207 211 211 207 207 203 197 185 185 193 199 203 211 219 219 215 226 211 209 212 195 183 177 173 236.6 231.5 200.6 201.8 208.9 211.6 209.6 878.7 446.2 434.8 473.6 383.1 389.3 357.1 375.7 322.5 327.1 320.3 308.1 325.9 282.4 259.2 73.9 77.4 76.4 75.6 73.9 40.2 311 346.3 376.8 108.9 67.2 67.7 66.2 57.7 32.4 31.9 32 21 21.4 34.3 36.3
Total Non-Current Assets 11,217 11,103 11,225 11,074 10,875 10,946 10,993 10,974 11,142 11,326 9,353 9,465 9,550 9,640 9,600 9,685 9,956 9,782 9,952 10,438 10,522 10,656 10,760 10,814 10,961 11,198 11,233 11,375 11,530 11,387 11,559 11,639 11,862 11,998 12,206 12,261 12,380 12,476 12,701 12,388 12,061 11,611.8 11,105.6 9,632 9,105.6 8,723.7 8,321.1 7,899.2 7,564.4 8,048 7,739.3 7,532.1 7,430.7 7,359.3 7,167.5 7,122.2 7,158.5 7,175.9 7,187.9 7,339.6 7,381.1 7,417.1 7,418.5 7,327.9 1,083.3 1,211.8 1,272.3 995 1,011.1 954.4 977 996.5 1,014.1 733.4 686.5 664.6 661 657.3 636.5 641.2 658.4 652 650.2 708.5 758.2
Total Assets 14,608 14,088 14,203 13,750 13,308 13,466 13,843 13,775 13,861 14,376 13,543 13,537 13,398 13,313 13,280 13,423 13,782 12,375 11,766 12,007 12,011 12,023 11,931 11,950 12,441 12,172 12,902 12,863 12,942 12,661 13,156 12,987 13,522 13,463 14,857 14,936 15,185 15,131 15,632 15,762 15,581 12,738.9 12,869.8 10,998.4 11,485.3 11,338.2 11,659.8 11,304.9 12,475.5 10,678.1 10,799 10,251.6 10,338.4 10,166.9 10,182.7 9,118.9 9,616.9 8,974.5 9,245.8 9,420 9,189.9 8,758.5 8,617.5 8,595.3 2,633.1 2,494.9 2,357.1 2,279.4 2,506.1 2,387.6 3,018.5 2,767.3 2,530.6 2,012.5 1,825.3 1,587.9 1,597.7 1,290.4 1,291.8 1,182 1,300.8 1,228.1 1,337.8 1,500.8 1,547.0
Current Liabilities
Account Payables 613 681 716 671 597 125 562 501 501 114 497 451 452 63 711 806 629 110 537 545 451 85 424 389 378 78 459 416 432 101 467 429 447 99 635 616 657 81 843 742 880 97 825.4 701.2 693.2 65.8 555.7 551.9 593.7 169 466.9 489.9 448.5 117.3 393.3 334.4 319.3 99.5 440.4 346.8 338.3 752.7 0 331.6 463.5 332 263.3 175.6 192 555.7 230 279.4 254.3 210.4 175.4 182 194.8 37.4 145.9 148.1 155.9 171.6 170.4 152.4 169.2
Short-Term Debt 107 110 0 0 0 0 0 0 0 0 0 0 0 0 0 0 499 0 0 0 0 249 0 0 500 0 499 498 0 0 0 0 0 0 798 797 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.8 5 0 0 0 0 4.7 5.1 5.1 4.9 0 18.6 0 0 4.6 4.2 3.9 4.1 0 0 0 0 0 0 0 0 0 0 0 0 0 19.9 19.9
Deferred Revenue 132 77 477 32 241 118 348 8 104 130 282 9 284 229 511 72 598 700 375 9 341 130 143 8 239 119 184 21 301 149 313 21 154 89 92 5 184 42 86 13 227 161.5 381.9 17.3 495.2 325.4 460.8 63.4 477.3 120.6 433.3 67.7 698.6 380.7 617.6 121 399.9 257.2 878.2 401.3 0 0 0 0 0 0 0 70.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 16 19 8 11 7 9 14 9 8 42 26 15 12 95 38 29 6 54 9 6 6 15 18 17 5 18 9 5 5 6 8 9 15 17 19 23 12 5 36 17 162 130 62.1 22.6 43.5 48.4 23.3 17.7 17.6 27.3 9.1 3.6 4.6 17.9 145.4 98.6 238.5 181.9 101.5 205.4 823.8 48.8 74.7 110 74.3 55.7 52.2 35.7 551.1 138.2 730.4 634.7 731.6 268.3 388.3 247.4 385.8 229.4 196.2 105.7 286.5 169.5 219.7 138.4 235.6
Total Current Liabilities 958 887 1,310 830 939 818 1,013 596 690 800 926 622 862 995 1,381 1,097 2,228 1,432 1,015 643 891 906 681 615 1,235 665 1,245 1,042 826 705 788 482 626 580 1,551 1,441 853 686 966 773 1,273 1,215.2 1,273.6 753.5 1,311.3 979.7 1,048.8 720.3 1,435.7 828.3 912.9 577.1 1,285.3 950.2 1,193.6 555.3 1,250.5 1,031.2 1,502.5 1,094.6 1,383.9 946.6 725.3 580.6 633.3 479.8 329.1 309.5 865.9 818.1 960.4 914.1 985.9 629.3 563.7 429.4 580.6 353.4 342.1 253.8 442.4 341.1 390.0 310.7 424.8
Non-Current Liabilities
Long-Term Debt 3,216 3,526 2,974 2,973 2,972 2,971 2,970 2,970 2,969 2,968 2,967 2,967 2,966 2,965 2,965 2,964 2,963 3,465 3,465 3,713 3,713 3,712 3,960 3,959 3,958 3,957 4,204 4,203 4,700 4,698 4,697 4,695 4,693 4,692 4,988 4,986 5,780 5,778 5,540 5,540 5,539 5,592.7 5,592.6 4,592.6 4,592.5 4,592.5 4,592.4 4,592.4 4,592.3 3,098.1 3,098 3,098 1,600 1,600 1,605 1,604.8 1,617.9 1,617.8 1,613 1,613 1,613 1,954.1 2,255.6 2,582.6 4.9 4.7 0 0 0 0 4.6 4.8 4.8 4.9 5 4.6 4.3 4.2 4.4 4.4 4.2 4.2 4.2 230.4 238.9
Deferred Tax Liabilities 855 869 887 839 845 871 927 926 985 999 882 910 933 958 1,010 1,025 1,028 1,029 1,160 1,156 1,175 1,184 1,201 1,175 1,217 1,246 1,235 1,207 1,135 1,117 1,087 1,051 1,076 1,047 1,592 1,632 1,616 1,630 1,642 1,787 955 916 909.5 776.5 783 734.6 814.3 829.8 821 833.2 870.1 783.2 885.2 938.8 1,019.1 1,017.3 948.2 956.8 1,029.4 1,030.5 1,053.2 1,081.2 1,031.6 935.3 56 68.3 64 0 0 6.2 115.2 12.2 17.9 32.1 13.4 17.6 6 0 7.7 7.3 0 8.4 19.3 0 0
Other Non-Current Liabilities 340 26 322 323 306 301 270 271 303 314 288 341 365 375 642 676 658 251 337 387 396 444 419 434 431 474 356 396 408 410 421 437 462 460 486 487 553 545 504 497 620 628 626.6 400 380 374.9 349 317.3 318.2 480.1 456 449.9 450.2 395.7 386.9 441.3 439.4 435.8 351.1 350.1 348.2 343.2 303.1 301.7 199.9 197.2 204.7 280.2 215.6 212.6 161.7 147.7 144.4 141.9 155.6 159.2 156 152.2 115 106.1 104.8 104.9 82.5 81.8 83.2
Total Non-Current Liabilities 5,394 5,426 5,198 5,099 5,072 5,056 5,093 5,077 5,175 5,203 4,316 4,395 4,446 4,465 4,802 4,812 4,801 4,907 5,137 5,406 5,450 5,514 5,775 5,759 5,803 5,870 5,976 6,003 6,446 6,225 6,205 6,183 6,231 6,199 7,066 7,105 7,949 7,953 7,686 7,824 7,114 7,136.5 7,128.7 5,769.1 5,755.5 5,786 5,755.7 5,739.5 5,731.5 4,411.4 4,424.1 4,331.1 2,935.4 2,934.5 3,011 3,063.4 3,005.5 3,010.4 2,993.5 2,993.6 3,014.4 3,378.5 3,590.3 3,819.6 260.8 270.2 268.7 280.2 215.6 218.8 281.5 164.7 167.1 178.9 174 181.4 166.3 156.4 127.1 117.8 109 117.5 106.0 312.2 322.1
Total Liabilities 6,352 6,313 6,508 5,929 6,011 5,874 6,106 5,673 5,865 6,003 5,242 5,017 5,308 5,460 6,183 5,909 7,029 6,339 6,152 6,049 6,341 6,420 6,456 6,374 7,038 6,535 7,221 7,045 7,272 6,930 6,993 6,665 6,857 6,779 8,617 8,546 8,802 8,639 8,652 8,597 8,387 8,351.7 8,402.3 6,522.6 7,066.8 6,765.7 6,804.5 6,459.8 7,167.2 5,239.7 5,337 4,908.2 4,220.7 3,884.7 4,204.6 3,618.7 4,256 4,041.6 4,496 4,088.2 4,398.3 4,325.1 4,315.6 4,400.2 894.1 750 597.8 589.7 1,081.5 1,036.9 1,241.9 1,078.8 1,153 808.2 737.7 610.8 746.9 509.8 469.2 371.6 551.4 458.6 496.1 622.9 746.9
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 2 2 2 2 2 2 2 2.4 2.4 2.4 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.5 0.5 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.0 0.0
Retained Earnings 4,412 3,874 4,195 3,924 4,208 4,009 4,533 4,360 4,634 4,535 4,681 4,797 4,348 3,867 4,087 3,729 2,907 2,088 1,933 2,183 2,013 1,927 1,905 1,997 1,961 1,958 2,109 2,111 2,047 2,463 2,474 2,514 2,436 2,443 2,048 2,205 2,272 2,365 2,892 2,991 3,014 3,057.9 3,101.3 3,080.3 3,334.1 3,175.3 3,679.1 3,622.4 4,378.9 3,725.6 3,880.6 3,673.1 3,842.4 3,461.1 3,015.7 2,637.5 3,183.2 2,841 2,428.2 2,125.9 1,645.7 1,370.8 1,177.6 1,136.8 1,038.9 1,048.1 1,001.6 969.5 761.3 703.4 894.4 852.9 570 416.8 282.6 197.2 104.7 48.6 41.7 35.5 (6) 19.7 33.5 124.9 59.8
Accumulated Other Comprehensive Income (256) (235) (231) (202) (271) (280) (209) (232) (225) (209) (225) (199) (224) (230) (270) (285) (266) (257) (316) (296) (305) (320) (388) (426) (440) (366) (374) (344) (341) (371) (308) (309) (248) (263) (275) (325) (378) (398) (273) (243) (202) (249.8) (213.6) (205.8) (240.3) (159.8) (72.4) (22.4) (52) (42.6) (72.6) (115.3) (110.1) (49.6) (37.9) (75.2) (72) (99.3) (67.4) (22.2) (26.8) (53.3) (36.1) (85.3) (54.2) (43.2) (64.3) (66.1) (80.3) (75.2) (29.8) (28.3) (27.6) (21.2) (28.9) (30.7) (32.9) (33.4) (10.6) (9.7) (9.4) (7.4) 32.8 (11.8) (12.4)
Total Stockholders' Equity 5,342 4,838 4,849 4,963 4,780 4,985 5,194 5,460 5,440 5,717 5,723 5,804 5,453 5,051 4,444 4,589 4,002 3,206 2,938 3,246 3,029 2,922 2,826 2,873 2,728 2,897 2,980 3,066 2,955 2,958 3,436 3,556 3,594 3,579 3,167 3,270 3,279 3,348 3,860 3,984 4,042 4,035.2 4,112 4,115.9 4,061.9 4,209.7 4,497.1 4,482.3 4,943.7 5,076.1 5,105.9 4,978.6 5,732.3 5,902.2 5,457.3 5,019.4 4,931.9 4,547 4,262.8 4,868.5 4,363.1 4,050.4 3,863.7 3,771 1,711.2 1,728.9 1,658.9 1,618.3 1,392.7 1,338.1 1,696.3 1,634.7 1,342.9 1,187 1,028.4 933.8 829.8 767 780.8 773 730 755.9 808.4 853.0 787.3
Total Liabilities & Equity 14,608 14,088 14,203 13,750 13,308 13,466 13,843 13,775 13,861 14,376 13,543 13,537 13,398 13,313 13,280 13,423 13,782 12,375 11,766 12,007 12,011 12,023 11,931 11,950 12,441 12,172 12,902 12,863 12,942 12,661 13,156 12,987 13,522 13,463 14,857 14,936 15,185 15,131 15,632 15,762 15,581 12,738.9 12,869.8 10,998.4 11,485.3 11,338.2 11,659.8 11,304.9 12,475.5 10,678.1 10,799 10,251.6 10,338.4 10,166.9 10,182.7 9,118.9 9,616.9 8,974.5 9,245.8 9,420 9,189.9 8,758.5 8,617.5 8,595.3 2,633.1 2,494.9 2,357.1 2,279.4 2,506.1 2,387.6 3,018.5 2,767.3 2,530.6 2,012.5 1,825.3 1,587.9 1,597.7 1,290.4 1,291.8 1,182 1,300.8 1,228.1 1,337.8 1,500.8 1,547.0
Debt Metrics
Total Debt 3,620 3,947 3,396 3,326 3,296 3,246 3,250 3,219 3,217 3,232 3,247 3,244 3,252 3,225 3,246 3,198 3,702 3,716 3,733 3,946 3,967 4,223 4,248 4,242 4,749 4,240 4,971 4,987 4,988 4,698 4,697 4,695 4,693 4,692 5,786 5,783 5,780 5,778 5,540 5,540 5,539 5,592.7 5,592.6 4,592.6 4,592.5 4,592.5 4,592.4 4,592.4 4,592.3 3,098.1 3,098 3,098 1,604.8 1,605 1,605 1,604.8 1,617.9 1,617.8 1,617.7 1,618.1 1,618.1 1,959 2,255.6 2,601.2 4.9 4.7 4.6 4.2 3.9 4.1 4.6 4.8 4.8 4.9 5 4.6 4.3 4.2 4.4 4.4 4.2 4.2 4.2 250.3 258.8
Net Debt 1,578 1,965 1,558 1,640 1,890 1,632 1,373 1,400 1,444 1,200 (7) 25 427 902 1,054 828 1,085 2,088 2,976 3,169 3,163 3,540 3,695 3,679 3,996 3,953 3,952 4,129 4,317 4,016 3,675 3,967 3,757 3,857 3,794 3,782 4,468 4,614 3,986 3,532 2,850 5,306.7 4,649.4 3,782.7 2,813.7 2,595.9 1,941.2 2,398.3 1,062.1 1,387.3 811.8 1,163.9 (605.5) (669.9) (616.3) 221.8 (95.4) 410.8 191.6 262.5 484 1,161.3 1,607.2 1,999.8 (1,005.6) (692.4) (492.9) (811.9) (799.9) (620.9) (823.8) (801) (847.2) (361.6) (48) (55) (23.5) (21.2) (17) (20.3) (34.5) (33.2) (36.1) 170.9 208.8
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 2004 Q4
Operating Activities
Net Income 615 495 460 492 351 392 341 506 238 274 230 606 650 1,009 538 1,339 1,051 859 (91) 317 175 119 4 218 91 94 114 320 118 95 71 174 88 503 (68) 24 (9) (288) 45 83 47 36 97.4 364.8 235.9 251.1 140.6 324.7 720.4 341.4 243.9 518.1 429.4 355.3 458.1 678.3 431.7 502.2 382.4 543.8 332.6 226.7 71.2 136.6 6.2 57.3 60 248.2 83 190.1 47.1 288.6 158.8 135.4 86.5 93.6 57.2 8 7.3 42.6 (24.6) (12.8) (91.4) 18.1
Depreciation & Amortization 228 228 217 232 221 221 229 222 253 229 213 221 206 198 221 223 208 238 203 243 204 230 212 239 211 212 223 252 188 221 233 241 193 235 226 217 205 203 148 181 146 131.6 128.7 103.9 115.4 94 95.4 97.8 105.3 96.8 100.1 106.6 107.1 101.1 (13.3) 32 153.5 196.5 66.3 99.7 118.5 394.8 88.2 130.8 11.3 99.9 (3.4) (10.9) (24.4) 25.1 24.3 25.6 25.8 23.4 20.6 20.4 20.1 24.3 22.9 24.9 22.5 21.1 23.2 0
Stock-Based Compensation 11 10 13 12 10 10 7 6 13 8 10 7 12 9 10 12 10 7 7 8 8 5 7 6 7 4 7 11 6 5 6 5 6 4 5 4 4 4 6 5 4 3.5 5.2 4.2 3.9 3 3.6 6.2 3.8 3.1 3.3 3 3.2 3.1 3.2 2.4 3.2 2.6 2.9 2.7 2.4 2.5 2 2 1.8 1.9 1.7 1.6 1.4 8.3 0 0 2.3 9.7 0 0 1.9 3.7 0 0 1.8 0 0 0
Change in Working Capital (205) (278) 332 (159) 8 (142) 361 (119) (17) (294) 143 (67) 213 (279) 110 (841) 110 501 129 (412) 230 (57) (8) 35 42 (30) 162 (226) (18) (112) 314 (66) (9) (4) 111 614 118 (107) 88 (840) 56 (308.5) 285.3 (521.5) 198.9 (179) 386.8 (637.1) 624 (291.4) 413.6 (740.5) 174.4 136.1 413.2 (259.6) 6.6 (546.2) 515.5 (371.5) 262.1 225.8 361.1 (275.7) 24.9 42.5 22 (58.3) 228.2 (173.7) (267.1) (45.6) 153.4 (2.6) 85.8 (61.4) 132 (9.2) 49.2 (48.2) 6.9 (83.3) 24.6 3.9
Other Non-Cash Items (141) 91 (9) (2) 22 (15) (8) (81) (31) 107 42 (28) (108) (252) 118 154 14 46 433 (9) (27) (7) (14) (26) (9) (11) (27) (41) (2) 4 (14) (11) (25) 39 (14) (36) 54 205 48 (168) 57 185.4 56.7 22.5 (23.5) 59.7 (19.3) 29.7 (720.6) (42.3) 20 (20) 31.3 (3.1) 11.5 4.9 168 214.5 141.6 66.7 390.1 285 105.9 142 14.5 13.5 (4.4) (36.9) (25.6) 11 278.6 (74.6) (55.2) 0.7 2.4 54.2 (26.2) 13.1 20.3 6.5 27.7 1.5 33.2 53.4
Operating Cash Flow 496 539 1,064 563 586 420 931 475 445 478 618 712 947 585 990 889 1,391 1,480 687 128 578 290 223 426 292 302 510 387 306 254 645 316 282 230 214 831 356 26 145 100 346 132.2 572.7 (32.1) 530.9 231.7 621.6 (194.7) 750 37.5 861 (110.4) 678.7 421.3 905.6 445.5 603.2 123.8 1,033 250.9 671.2 560.4 588 (1.5) 47.5 111.3 83.3 194.9 292.3 24.7 97.4 219.3 297.2 186.5 201.4 111.1 191.1 40.3 100.4 44.4 18.5 (85.2) 89.4 84.0
Investing Activities
Capital Expenditure (223) (226) (347) (245) (132) (197) (139) (84) (100) (1,413) (147) (95) (69) (134) (190) (66) (72) (132) (211) (110) (71) (103) (87) (52) (67) (108) (143) (74) (80) (144) (133) (77) (68) (183) (105) (91) (94) (392) (440) (703) (676) (678) (759.4) (587.1) (444.8) (535.8) (587.7) (292.6) (392.4) (190.9) (230.4) (249.7) (152.8) (262.1) (103.6) (93.5) (64.3) (78) (63.7) (50.6) (54.9) (69.6) (84.2) (75.3) (29) (54.3) (54.5) (55) (71.9) (30.5) (38.5) (38.8) (34) (27.3) (38.4) (18.5) (20.9) (18.2) (17.9) (11.7) (11.5) (15.6) (20.5) (7.2)
Acquisitions 0 (4) 0 0 4 3 0 0 0 1,225 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16 0 0 0 0 0 0 0 2.3 (553.9) 12.8 0 18.4 0 0 1,353.6 (72.5) 0 45.3 (45.3) 0 0 0 0 0 0 0 0 3.8 0 (3,174.2) 6 0.4 3.6 0 0 0 0 0 0.1 0.1 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 (2) 0 0 0 (1) 0 0 0 (1) (1) (1) 0 (1) (1) (12) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.5 0 0 0 0 0 0 0 0 0 0 0 (3.1) 0 (0.1) (29.1) (57.5) (149.9) (69.8) (42.7) 0 (283.5) (238.7) (116) (364.2) (322.5) (203.8) (276.8) (256.2) (305.6) (198.9) (125) (78.1) (286.0) (271.5)
Sales/Maturities of Investments 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 (1) 1 12 0 0 0 0 0 0 0 0 0 0 0 0 0 (9) 0 9 0 0 0 0 0 55.6 0 0 0 (5) 5 0 0 6.9 1 5.6 0 17.4 15 16 0 1 12.3 24.1 0.5 18.7 0.8 31.7 354.1 197.5 50.9 49.2 3.2 327.1 228.4 36.6 342 520.4 151.1 160.8 113.9 240 224.9 153.2 146.7 176.0 439.8 219.7
Other Investing Activities (2) 3 8 4 2 (1) 0 50 (2) (1,220) 3 1 35 2 3 7 10 50 10 (1) 0 5 3 0 2 (1) 23 58 5 7 13 14 13 10 11 10 9 6 7 7 14 (1.3) 15.8 2.5 15.2 52 504.3 23.9 (492.2) (31.9) (35.6) (70.4) 1.4 (47.8) 4.4 3.3 1.7 (47) 3.7 8.3 70.5 (51) 3.9 (3,144.2) 6.2 7.9 (246.1) 2.5 2.8 3 4.9 2.4 (4.9) (12.7) 4 0.1 (8.3) (39.7) 0 0 (11.1) 0 18.6 0.3
Investing Cash Flow (225) (226) (339) (242) (126) (196) (139) (34) (100) (1,408) (144) (93) (34) (132) (187) (59) (62) (83) (201) (111) (71) (98) (84) (52) (65) (108) (120) (16) (75) (137) (120) (63) (55) (157) (94) (72) (85) (386) (433) (696) (662) (677) (1,297.5) (571.8) (429.6) (465.4) (78.4) (268.7) 469 (288.4) (265) (314.5) (196.7) (292.5) (84.2) (74.2) (62.6) (124) (47.7) (18.2) 16.1 (105) (79.5) (3,187.9) 302.2 93.6 (399.6) (73.1) (108.6) 299.6 (88.7) (238.5) 187.1 116.2 (205.8) (61.4) (192.1) (34.4) (98.6) (57.4) (0.9) 82.3 151.9 (58.7)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 4 (4) (507) 0 0 (263) 0 (255) 0 0 (500) 500 0 0 0 0 0 0 0 0 (1,148) 0 0 0 74 0 0 0 0 0 0 0 0 0 0 1,494.2 0 0 1,498 0 0 0 (13) 0 0 0 0 (346) (300) (350) 1,838.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (26.4) (272.7) (15.7)
Stock Repurchased (28) 1,020 (360) (216) (444) (375) (490) (305) (339) (225) (150) (151) (54) (251) (519) (479) (98) (489) (50) 0 0 0 0 0 (100) (90) (71) (122) (87) (380) (87) 0 0 0 0 0 0 0 0 0 0 556.3 (34) (287) (236.2) (343.7) 0 (809.4) (781.8) (297.6) (195.9) (415.5) (500.1) 0 0 (500) 0 (198.3) 0 0 0 0 0.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0 0
Dividends Paid (78) (78) (81) (81) (86) (86) (90) (91) (97) (76) (77) (79) (79) (79) (80) (83) (64) (65) (65) (65) (65) (65) (64) (64) (65) (65) (67) (66) (67) (70) (70) (70) (70) (70) (70) (70) (70) (71) (69) (70) (70) (69.9) (69.9) (70.7) (71.8) (74.3) (74.2) (52) (55.2) (57.2) (23) (23.7) (25.2) (25.3) (237.9) (26.1) (26.2) (26.1) (28.3) (7.2) (7.1) (104.1) (7.1) (27.2) (4.8) (4.9) (4.9) (117.1) (4.8) (5.1) (5.6) (5.7) (5.6) (1.2) (1.1) (1.1) (1.1) (1.1) 0 (1.1) (1.1) (4.6) 0 (26.3)
Other Financing Activities (94) (1,130) (121) 235 (142) (1) (166) 0 (167) (1) (204) 0 (277) (4) (372) 4 (274) (5) (131) 0 (74) (5) (87) 0 (96) (775) (100) 0 (90) (6) (80) (386) (59) (11) (66) (5) (54) (33) (97) (12) 2,787 (31.9) 961 (8) (6) (2.6) (8.5) (13.2) (54.4) 39.8 (16.6) (960.2) (3.1) (51.4) 42.8 (164.5) (8) 4.2 (889.2) 18.3 8.9 98.9 (104.7) (181.3) (31.7) 0.2 3.5 0.8 0.1 (23.8) 13.6 (22.9) 4.7 8.2 1.4 (27.6) 1 (3.3) (5) 0 (15.1) 20.7 (8.3) (0.0)
Financing Cash Flow (199) (189) (562) (62) (671) (462) (745) (396) (602) (300) (431) (229) (410) (330) (966) (1,065) (339) (527) (503) (46) (387) (69) (150) (565) 242 (930) (227) (184) (242) (456) (231) (456) (127) (1,229) (135) (75) (124) (30) (166) (82) 2,717 (101.8) 861.2 (365.2) (314.3) (420.6) (82.7) (874.6) 602.8 (315) (235.5) 143.9 (528.4) (76.7) 17.7 (703.6) (34.2) (220.2) (917.5) (11.2) (350.5) (305.2) (461.8) 2,780.2 (36.2) (4.4) 0.4 (115.4) (4.5) (528.9) 13.9 (26.7) 1.2 13 2.9 (24) 3.2 (1) (5) (1.1) (16.2) (1.2) (281.1) (42.1)
Cash Position
Net Change in Cash 60 144 152 280 (208) (263) 58 46 (259) (1,222) 35 394 502 131 (178) (247) 989 871 (20) (27) 121 130 (10) (190) 466 (732) 161 187 (11) (340) 294 (208) 101 (1,157) 1,992 689 148 (390) (454) (681) 2,403 (657.2) 133.3 (968.9) (217.8) (654.6) 457.1 (1,336.1) 1,819.4 (575.4) 352.1 (276.2) (64.6) 53.6 838.3 (330.3) 506.3 (219.1) 70.5 221.5 336.4 149.3 47 (409.1) 313.4 199.6 (318.6) 12.3 178.8 (203.4) 22.6 (46.2) 485.5 313.5 (6.6) 31.8 2.4 4 (3.3) (14) 1.3 (3.0) (39.1) (18.8)
Cash at Beginning 1,982 1,838 1,686 1,406 1,614 1,877 1,819 1,773 2,032 3,254 3,219 2,825 2,323 2,192 2,370 2,617 1,628 757 777 804 683 553 563 753 287 1,019 858 671 682 1,022 728 936 835 1,992 0 1,312 1,164 1,554 2,008 2,689 286 943.2 809.9 1,778.8 1,996.6 2,651.2 2,194.1 3,530.2 1,710.8 2,286.2 1,934.1 2,210.3 2,274.9 2,221.3 1,383 1,713.3 1,207 1,426.1 1,355.6 1,134.1 797.7 648.4 601.4 1,010.5 697.1 497.5 816.1 803.8 625 828.4 805.8 852 366.5 53 59.6 27.8 25.4 21.4 24.7 38.7 37.4 40.4 79.4 68.8
Cash at End 2,042 1,982 1,838 1,686 1,406 1,614 1,877 1,819 1,773 2,032 3,254 3,219 2,825 2,323 2,192 2,370 2,617 1,628 757 777 804 683 553 563 753 287 1,019 858 671 682 1,022 728 936 835 1,992 2,001 1,312 1,164 1,554 2,008 2,689 286 943.2 809.9 1,778.8 1,996.6 2,651.2 2,194.1 3,530.2 1,710.8 2,286.2 1,934.1 2,210.3 2,274.9 2,221.3 1,383 1,713.3 1,207 1,426.1 1,355.6 1,134.1 797.7 648.4 601.4 1,010.5 697.1 497.5 816.1 803.8 625 828.4 805.8 852 366.5 53 59.6 27.8 25.4 21.4 24.7 38.7 37.4 40.4 50.0
Free Cash Flow 273 313 717 318 454 223 792 391 345 (935) 471 617 878 451 800 823 1,319 1,348 476 18 507 187 136 374 225 194 367 313 226 110 512 239 214 47 109 740 262 (366) (295) (603) (330) (545.8) (186.7) (619.2) 86.1 (304.1) 33.9 (487.3) 357.6 (153.4) 630.6 (360.1) 525.9 159.2 802 352 538.9 45.8 969.3 200.3 616.3 490.8 503.8 (76.8) 18.5 57 28.8 139.9 220.4 (5.8) 58.9 180.5 263.2 159.2 163 92.6 170.2 22.1 82.5 32.7 7 (100.8) 68.9 76.8
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 2004 Q4 2004 Q3
Income Statement
Revenue 1,986 1,872 1,659 1,890 1,663 1,524 1,370 1,572 1,470 1,571 1,273 1,775 2,012 2,608 2,321 3,389 2,868 2,540 1,362 1,588 1,048 1,102 847 1,204 971 1,049 1,038 1,502 1,001 1,132 1,040 1,300 957 1,099 870 1,124 1,037 867 680 1,134 1,004 1,115.8 927.4 1,311.5 953.6 1,216.5 921.4 1,472.7 1,132.6 1,326.3 1,097 1,714.9 1,336.5 1,481.4 1,359.4 1,735.6 1,527.6 1,718.4 1,403.8 1,801.7 1,174 1,237.6 917.1 1,307.9 502.4 506.7 430.1 991 680.6 1,072 1,020.8 1,161 667.3 852.5 582.9 848.9 447.7 506.2 378 664.8 400.5 463.0 359.4 543.0 478.6 326.7
Gross Profit 746 769 632 846 677 523 446 679 413 547 385 804 909 1,346 915 1,983 1,648 1,112 428 503 174 186 94 334 192 238 230 498 222 235 173 310 188 153 15 193 158 11 33 527 217 280.4 165 686 416 444.3 301.1 590.3 442.8 593.8 386.1 865.2 675.1 656.2 702 1,043.3 711.8 865.2 638 867.4 525 483.9 169.8 396.8 129 126.1 124 427 162.3 360.7 120.9 469.9 271.2 236 151.3 177.6 105.1 42.9 25.8 101.2 (22.7) 2.3 56 95.6 71.3 43.9
Operating Income 640 678 580 745 593 445 368 603 325 471 317 733 835 1,259 849 1,910 1,584 1,056 376 443 119 134 45 283 138 175 174 436 164 184 120 257 133 101 (30) 144 112 (22) (11) 238 97 137.1 59 630 367 418.8 246.6 531.3 1,169.8 564.8 385.4 833.7 627.8 655.6 667.1 1,005 671.2 869.8 567.3 830.5 534.4 435 131.1 350.4 (26.5) 71.1 89.8 395.2 123.7 343.9 102.6 452.1 251.6 214.2 137.9 159.4 90.1 10.9 12.3 85.3 (37.2) (22.0) 37 79.6 41.4 32.3
Net Income 615 404 353 386 312 328 276 420 194 274 164 527 560 860 438 1,165 883 705 (185) 246 151 87 (28) 190 68 55 65 283 90 49 30 148 63 465 (87) 3 (23) (320) (30) 47 26 26.5 90 352 231 238.3 130.9 312.6 708.5 325.8 234.1 498.2 406.5 470.7 403.3 606.3 368.4 438.9 330.9 487.4 282 200.3 48.2 105.1 (4.4) 51.4 38.5 213 62.7 190.1 47.1 288.6 158.8 135.4 86.5 93.6 57.2 8 7.3 42.6 (24.6) (12.8) (91.4) 42.9 18.1 14.3
EPS (Diluted) 3.98 2.59 2.19 2.37 1.85 1.89 1.55 2.30 1.03 1.44 0.85 2.70 2.84 4.36 2.18 5.58 4.21 3.27 -0.86 1.14 0.70 0.40 -0.13 0.89 0.31 0.25 0.29 1.28 0.40 0.21 0.13 0.63 0.27 1.98 -0.37 0.01 -0.10 -1.37 -0.13 0.20 0.11 0.11 0.39 1.49 0.96 0.96 0.52 1.22 2.58 1.14 0.81 1.68 1.29 1.48 1.27 1.86 1.11 1.33 0.95 1.35 0.78 0.61 0.13 0.31 -0.02 0.21 0.16 0.87 0.26 0.67 0.16 1.00 0.55 0.48 0.30 0.33 0.20 0.03 0.03 0.15 -0.09 -0.05 -0.33 0.16 0.07 0.05
Balance Sheet
Cash & Equivalents 2,042 1,982 1,838 1,686 1,406 1,614 1,877 1,819 1,773 2,032 3,254 3,219 2,825 2,323 2,192 2,370 2,617 1,628 757 777 804 683 553 563 753 287 1,019 858 671 682 1,022 728 936 835 1,992 2,001 1,312 1,164 1,554 2,008 2,689 286 943.2 809.9 1,778.8 1,996.6 2,651.2 2,194.1 3,530.2 1,710.8 2,286.2 1,934.1 2,210.3 2,274.9 2,221.3 1,383 1,713.3 1,207 1,426.1 1,355.6 1,134.1 797.7 648.4 601.4 1,010.5 697.1 497.5 816.1 803.8 625 828.4 805.8 852 366.5 53 59.6 27.8 25.4 21.4 24.7 38.7 37.4 40.4 79.4 50.0
Total Assets 14,608 14,088 14,203 13,750 13,308 13,466 13,843 13,775 13,861 14,376 13,543 13,537 13,398 13,313 13,280 13,423 13,782 12,375 11,766 12,007 12,011 12,023 11,931 11,950 12,441 12,172 12,902 12,863 12,942 12,661 13,156 12,987 13,522 13,463 14,857 14,936 15,185 15,131 15,632 15,762 15,581 12,738.9 12,869.8 10,998.4 11,485.3 11,338.2 11,659.8 11,304.9 12,475.5 10,678.1 10,799 10,251.6 10,338.4 10,166.9 10,182.7 9,118.9 9,616.9 8,974.5 9,245.8 9,420 9,189.9 8,758.5 8,617.5 8,595.3 2,633.1 2,494.9 2,357.1 2,279.4 2,506.1 2,387.6 3,018.5 2,767.3 2,530.6 2,012.5 1,825.3 1,587.9 1,597.7 1,290.4 1,291.8 1,182 1,300.8 1,228.1 1,337.8 1,500.8 1,547.0
Total Debt 3,620 3,947 3,396 3,326 3,296 3,246 3,250 3,219 3,217 3,232 3,247 3,244 3,252 3,225 3,246 3,198 3,702 3,716 3,733 3,946 3,967 4,223 4,248 4,242 4,749 4,240 4,971 4,987 4,988 4,698 4,697 4,695 4,693 4,692 5,786 5,783 5,780 5,778 5,540 5,540 5,539 5,592.7 5,592.6 4,592.6 4,592.5 4,592.5 4,592.4 4,592.4 4,592.3 3,098.1 3,098 3,098 1,604.8 1,605 1,605 1,604.8 1,617.9 1,617.8 1,617.7 1,618.1 1,618.1 1,959 2,255.6 2,601.2 4.9 4.7 4.6 4.2 3.9 4.1 4.6 4.8 4.8 4.9 5 4.6 4.3 4.2 4.4 4.4 4.2 4.2 4.2 250.3 258.8
Stockholders' Equity 5,342 4,838 4,849 4,963 4,780 4,985 5,194 5,460 5,440 5,717 5,723 5,804 5,453 5,051 4,444 4,589 4,002 3,206 2,938 3,246 3,029 2,922 2,826 2,873 2,728 2,897 2,980 3,066 2,955 2,958 3,436 3,556 3,594 3,579 3,167 3,270 3,279 3,348 3,860 3,984 4,042 4,035.2 4,112 4,115.9 4,061.9 4,209.7 4,497.1 4,482.3 4,943.7 5,076.1 5,105.9 4,978.6 5,732.3 5,902.2 5,457.3 5,019.4 4,931.9 4,547 4,262.8 4,868.5 4,363.1 4,050.4 3,863.7 3,771 1,711.2 1,728.9 1,658.9 1,618.3 1,392.7 1,338.1 1,696.3 1,634.7 1,342.9 1,187 1,028.4 933.8 829.8 767 780.8 773 730 755.9 808.4 853.0 787.3
Cash Flow
Operating Cash Flow 496 539 1,064 563 586 420 931 475 445 478 618 712 947 585 990 889 1,391 1,480 687 128 578 290 223 426 292 302 510 387 306 254 645 316 282 230 214 831 356 26 145 100 346 132.2 572.7 (32.1) 530.9 231.7 621.6 (194.7) 750 37.5 861 (110.4) 678.7 421.3 905.6 445.5 603.2 123.8 1,033 250.9 671.2 560.4 588 (1.5) 47.5 111.3 83.3 194.9 292.3 24.7 97.4 219.3 297.2 186.5 201.4 111.1 191.1 40.3 100.4 44.4 18.5 (85.2) 89.4 84.0
Capital Expenditure (223) (226) (347) (245) (132) (197) (139) (84) (100) (1,413) (147) (95) (69) (134) (190) (66) (72) (132) (211) (110) (71) (103) (87) (52) (67) (108) (143) (74) (80) (144) (133) (77) (68) (183) (105) (91) (94) (392) (440) (703) (676) (678) (759.4) (587.1) (444.8) (535.8) (587.7) (292.6) (392.4) (190.9) (230.4) (249.7) (152.8) (262.1) (103.6) (93.5) (64.3) (78) (63.7) (50.6) (54.9) (69.6) (84.2) (75.3) (29) (54.3) (54.5) (55) (71.9) (30.5) (38.5) (38.8) (34) (27.3) (38.4) (18.5) (20.9) (18.2) (17.9) (11.7) (11.5) (15.6) (20.5) (7.2)
Free Cash Flow 273 313 717 318 454 223 792 391 345 (935) 471 617 878 451 800 823 1,319 1,348 476 18 507 187 136 374 225 194 367 313 226 110 512 239 214 47 109 740 262 (366) (295) (603) (330) (545.8) (186.7) (619.2) 86.1 (304.1) 33.9 (487.3) 357.6 (153.4) 630.6 (360.1) 525.9 159.2 802 352 538.9 45.8 969.3 200.3 616.3 490.8 503.8 (76.8) 18.5 57 28.8 139.9 220.4 (5.8) 58.9 180.5 263.2 159.2 163 92.6 170.2 22.1 82.5 32.7 7 (100.8) 68.9 76.8