General Mills, Inc. logo GIS - General Mills, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 8
HOLD 22
SELL 6
STRONG
SELL
0
| PRICE TARGET: $36.92 DETAILS
HIGH: $47.00
LOW: $31.00
MEDIAN: $36.00
CONSENSUS: $36.92
DOWNSIDE: 1.76%
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 18,424.6 19,486.6 19,857.2 20,094.2 18,992.8 18,127 17,626.6 16,865.2 15,740.4 15,619.8 16,563.1 17,630.3 17,909.6 17,774.1 16,657.9 14,880.2 14,635.6 14,691.3 13,652.1 12,441.5 11,711.3 11,308 11,070 10,506 7,949 5,450 5,173 6,246.1 6,033 5,609.3 5,416 5,026.7 8,516.9 8,134.6 7,777.8 7,153.2 6,448.3 5,620.6 5,178.8 5,189.3 4,586.6
Cost of Revenue 12,253.7 12,753.6 12,925.1 13,548.4 12,590.6 11,678.7 11,496.7 11,108.4 10,304.8 10,052 10,733.6 11,681.1 11,539.8 11,350.2 10,613.2 8,926.7 8,835.4 9,457.8 8,778.3 7,955.1 7,544.8 7,326 6,584 6,109 4,662 2,841 2,489 2,399.3 2,343 2,328.4 2,241 2,023 4,458.2 4,297.6 4,123.2 3,722.1 3,485.1 3,114.8 2,847.8 2,834 2,563.9
Gross Profit 6,170.9 6,733 6,932.1 6,545.8 6,402.2 6,448.3 6,129.9 5,756.8 5,435.6 5,567.8 5,829.5 5,949.2 6,369.8 6,423.9 6,044.7 5,953.5 5,800.2 5,233.5 4,873.8 4,486.4 4,166.5 3,982 4,486 4,397 3,287 2,609 2,684 3,846.8 3,690 3,280.9 3,175 3,003.7 4,058.7 3,837 3,654.6 3,431.1 2,963.2 2,505.8 2,331 2,355.3 2,022.7
Operating Expenses
R&D Expenses 256 0 0 0 0 239.3 0 0 0 0 0 0 0 0 0 0 0 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 3,139.8 3,445.8 3,259 3,500.4 3,147 3,079.6 3,151.6 2,935.8 2,850.1 2,888.8 3,118.9 3,328 3,474.3 3,552.3 3,380.7 3,192 3,162.7 2,951.8 2,625 2,389.3 2,177.7 1,998 2,443 2,472 2,070 1,393 1,376 2,634.9 2,544.9 2,239.2 2,128.3 2,123.3 2,755.5 2,645.2 2,504.5 2,386 2,138 1,808.5 1,710.5 1,756.4 1,545.7
Other Expenses 0 (17.6) 241.4 (388.4) (220.6) (15.4) 24.4 305.1 165.6 186.9 3.2 543.9 (61.9) 19.8 101.6 (13) 31.4 (43.3) 21 39.3 29.8 84 26 62 134 12 209 194.2 194.9 182.8 186.7 191.4 303.8 274.2 247.4 218.4 180.1 152.3 140 131.7 113.1
Operating Expenses 3,395.8 3,428.2 3,500.4 3,112 2,926.4 3,303.5 3,176 3,240.9 3,015.7 3,075.7 3,122.1 3,871.9 3,412.4 3,572.1 3,482.3 3,179 3,194.1 2,908.5 2,646 2,428.6 2,207.5 2,082 2,469 2,534 2,204 1,405 1,585 2,829.1 2,739.8 2,422 2,315 2,314.7 3,059.3 2,919.4 2,751.9 2,604.4 2,318.1 1,960.8 1,850.5 1,888.1 1,658.8
Operating Income
Operating Income 2,775.1 3,304.8 3,431.7 3,433.8 3,475.8 3,144.8 2,953.9 2,515.9 2,419.9 2,492.1 2,707.4 2,077.3 2,957.4 2,851.8 2,562.4 2,774.5 2,606.1 2,325 2,227.8 2,057.8 1,959 1,900 2,017 1,863 1,083 1,204 1,099 1,017.7 950.2 858.9 860 689 999.4 917.6 902.7 826.7 645.1 545 480.5 467.2 363.9
Interest Expense 570.3 549.3 503.1 393.4 376.6 418 461 518.2 398.7 301.5 301.3 319 307 317.8 352.3 341.5 350.4 353.2 427 394 366 446 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 31 24.6 18.8 14 3.8 7.4 6 5.6 11.7 7 8.1 13.2 16.1 12.6 9.9 7.4 6.8 21.6 27.3 31 26.8 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 3,330.3 3,922.8 4,079 4,083.2 4,163.3 3,886.4 3,667.4 3,229.5 3,139.8 3,177 3,323.6 2,678.8 3,558.9 3,452.4 3,113.8 3,254.5 3,029.9 2,800.2 2,687 2,475.6 2,409.7 2,735 2,442 2,290 1,513 1,439 1,308 1,211.9 1,145.1 1,041.7 1,046.7 880.4 1,303.2 1,191.8 1,150.1 1,045.1 825.2 697.3 620.5 598.9 477
EBIT 2,775.1 3,383.8 3,526.3 3,536.6 3,593 3,285.1 3,072.7 2,609.4 2,521 2,573.4 2,715.5 2,090.5 2,973.5 2,864.4 2,572.3 2,781.9 2,572.8 2,346.6 2,227.8 2,057.8 1,985.8 2,292 2,043 1,925 1,217 1,216 1,099 1,017.7 950.2 858.9 860 689 999.4 917.6 902.7 826.7 645.1 545 480.5 467.2 363.9
Income Before Tax 329 2,892.6 3,113.1 3,221.8 3,321.3 2,975.1 2,691.3 2,154 2,220.3 2,356.3 2,492 1,846.2 2,744.6 2,633.7 2,298.7 2,524.6 2,306.2 2,034.1 1,916.9 1,704 1,628.6 1,901 1,583 1,377 700 1,015 950 838.5 663.7 703.7 755.8 404.6 753.3 844 844.5 765.6 612.7 517.5 442.8 433.2 323.6
Income Tax Expense 414.3 573.7 594.5 612.2 586.3 629.1 480.5 367.8 57.3 655.2 755.2 586.8 883.3 741.2 709.6 721.1 771.2 720.4 622.2 560.1 538.3 661 528 460 239 350 336 304 241.9 258.3 279.4 144.9 283.6 337.9 338.9 301.4 239 202.2 177.4 211.2 140.1
Net Income (87.6) 2,295.2 2,496.6 2,593.9 2,707.3 2,339.8 2,181.2 1,752.7 2,131 1,657.5 1,697.4 1,221.3 1,824.4 1,855.2 1,567.3 1,798.3 1,530.5 1,304.4 1,294.7 1,143.9 1,090.3 1,240 1,055 917 458 665 614 534.5 421.8 445.4 476.4 367.4 469.9 506.1 495.6 472.7 381.4 484.3 283.1 222 183.5
Per Share Data
EPS (Basic) -0.16 4.12 4.34 4.36 4.46 3.81 3.59 2.92 3.69 2.82 2.83 2.02 2.90 2.86 2.42 2.80 2.32 1.96 1.93 1.65 1.53 1.67 1.41 1.25 0.69 1.17 1.02 0.88 0.67 0.71 0.75 0.59 0.74 0.78 0.75 0.72 0.59 0.75 0.42 0.32 0.26
EPS (Diluted) -0.16 4.10 4.31 4.31 4.42 3.78 3.56 2.90 3.64 2.77 2.77 1.97 2.83 2.79 2.35 2.70 2.24 1.90 1.86 1.59 1.45 1.54 1.30 1.22 0.67 1.14 1.00 0.85 0.65 0.69 0.74 0.59 0.74 0.78 0.75 0.72 0.59 0.75 0.42 0.32 0.26
Shares Outstanding 547.5 554.5 575.5 594.8 607.5 614.1 608.1 600.4 576.8 587.1 598.4 599.9 628.6 648.6 648.1 642.5 659.6 663.7 666 693 715.4 742 750 738 662 568 598.2 613 632.4 631.8 635.2 628.0 635 653.0 660.8 656.5 652.0 650.1 674.0 704.8 705.8
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 453.8 363.9 418 585.5 569.4 1,505.2 1,677.8 450 399 766.1 763.7 334.2 867.3 741.4 471.2 619.6 673.2 749.8 661 417.1 647 573 751 703 975 64 26 3.9 6.4 12.8 20.6 13 0.2 100 0.5 39.8 0.7 10.6 14.6 179.7 190.3
Short-Term Investments 0 0 0 117.2 249.8 360 0 0 0 0 0 0 0 0 0 0 0 23.4 0 6.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,646.8 1,937.1 1,938.6 2,014 1,961 1,815.1 1,770.9 1,972.1 1,899.1 1,628.8 1,564.7 1,616.4 1,670.8 1,687.1 1,461.9 1,405.1 1,041.6 1,146.4 1,081.6 1,162.1 1,024 1,034 1,010 980 1,010 664 501 490.6 395.1 419.1 337.8 277.3 309.7 287.4 291.9 306.3 258.7 254.6 230 236.7 220
Inventory 1,917.9 1,910.8 1,898.2 2,172 1,867.3 1,820.5 1,426.3 1,559.3 1,642.2 1,483.6 1,413.7 1,540.9 1,559.4 1,545.5 1,478.8 1,609.3 1,344 1,346.8 1,366.8 1,173.4 1,055 1,037 1,063 1,082 1,055 519 511 426.7 389.7 364.4 395.5 372 488.3 439 487.2 493.6 394.4 370.1 423.5 388.6 350.9
Other Current Assets 599.8 794.9 60 43.3 228.8 32 51.8 16.1 17.8 14 17.2 24.8 108.8 156.3 101.2 107 42.7 71 0 122.3 147 208 169 230 241 62 152 181.3 244.1 215 241.2 234.6 331 250.5 255 242.6 256.3 206 317.8 60.9 43.2
Total Current Assets 4,618.3 5,275.7 4,580.9 5,176.4 5,089.8 5,754.5 5,121.3 4,186.5 4,123.7 4,061.4 3,937.2 3,685.6 4,393.5 4,298.9 3,691.4 3,902 3,480 3,534.9 3,620 3,053.7 3,041 3,055 3,215 3,179 3,437 1,408 1,190 1,102.5 1,035.3 1,011.3 995.1 896.9 1,129.2 1,076.9 1,034.6 1,082.3 910.1 841.3 985.9 865.9 804.4
Non-Current Assets
Property, Plant & Equipment 3,443.4 4,031.7 4,230 3,976.2 3,730.6 3,985.4 3,945.8 3,787.2 4,047.2 3,687.7 3,743.6 3,783.3 3,941.9 3,878.1 3,652.7 3,345.9 3,127.7 3,034.9 3,108.1 3,013.9 2,997 3,111 3,111 2,980 2,764 1,501 1,405 1,294.7 1,186.3 1,279.4 1,312.4 1,456.6 3,092.6 2,859.6 2,648.6 2,241.3 1,934.5 1,588.1 1,376.4 1,249.5 1,084.9
Goodwill 14,122.4 15,622.4 14,750.7 14,511.2 14,378.5 14,062.4 13,923.2 13,995.8 14,065 8,747.2 8,741.2 8,874.9 8,650.5 8,622.2 8,182.5 6,750.8 6,592.8 6,663 6,786.1 6,835.4 6,652 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 6,716.9 7,081.4 6,979.9 6,967.6 6,999.9 7,150.6 7,095.8 7,166.8 7,445.1 4,530.4 4,538.6 4,677 5,014.3 5,015.1 4,704.9 3,813.3 3,715 3,747 3,777.2 3,694 3,607 10,216 10,325 10,272 8,563 870 870 722 630.4 655.2 0 0 0 0 0 0 64.4 57.2 72.9 56.4 53.4
Long-Term Investments 0 431.9 397.9 462 513.8 566.4 566.7 452.9 499.6 505.3 531.6 561.3 575.7 567.3 627.9 519.1 398.1 283.3 278.6 294.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1,115.7 441.9 363 358.3 377.5 322.6 153.9 522 443.4 280.6 220.1 249.9 569.8 276.4 237.4 343.4 365.3 611.7 1,471.6 1,292.1 1,778 1,684 1,797 1,796 1,776 1,312 1,109 1,021.5 1,009.4 956.5 987.2 1,004.7 976.5 714.3 621.8 578.2 380.5 401.5 236.7 108.6 143.5
Total Non-Current Assets 25,398.4 27,795.4 26,889 26,275.3 26,000.3 26,087.4 25,685.4 25,924.7 26,500.3 17,751.2 17,775.1 18,146.4 18,752.2 18,359.1 17,405.4 14,772.5 14,198.9 14,339.9 15,421.6 15,130 15,034 15,011 15,233 15,048 13,103 3,683 3,384 3,038.2 2,826.1 2,891.1 2,299.6 2,461.3 4,069.1 3,573.9 3,270.4 2,819.5 2,379.4 2,046.8 1,686 1,414.5 1,281.8
Total Assets 30,016.7 33,071.1 31,469.9 31,451.7 31,090.1 31,841.9 30,806.7 30,111.2 30,624 21,812.6 21,712.3 21,832 23,145.7 22,658 21,096.8 18,674.5 17,678.9 17,874.8 19,041.6 18,183.7 18,075 18,066 18,448 18,227 16,540 5,091 4,574 4,140.7 3,861.4 3,902.4 3,294.7 3,358.2 5,198.3 4,650.8 4,305 3,901.8 3,289.5 2,888.1 2,671.9 2,280.4 2,086.2
Current Liabilities
Account Payables 3,729.5 4,009.5 3,987.8 4,194.2 3,982.3 3,653.5 3,247.7 2,854.1 2,746.2 2,119.8 2,046.5 1,684 1,611.3 1,423.2 1,148.9 995.1 849.5 803.4 937.3 777.9 673 1,136 1,110 1,303 1,217 619 642 647.4 593.1 599.7 590.7 494 650.4 617 632.5 578.7 518.2 436.8 0 0 0
Short-Term Debt 1,122 2,205.4 1,625.9 1,740.8 2,485.6 2,825.1 2,610.5 2,865.2 3,149.9 1,838.8 1,373.2 1,616.2 2,362.3 2,043 1,267.7 1,342.6 1,157.4 1,320.7 2,650.8 2,988.4 3,634 1,937 816 1,341 3,848 1,207 1,499 614.9 417.3 343.3 217 206.6 548.5 403.9 201.9 152.4 183.6 133.8 371.6 94.4 10.5
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25.5 19.3 17.3 6.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,922.6 414.3 298.5 396.8 388.6 480 317.5 375.4 370.9 381.6 384.6 400.1 269.4 312.2 308.5 289.6 688.1 639 658.1 632.6 628 1,111 831 800 682 130 388 438 433.3 349.5 384.2 520.3 633.2 537.9 537.3 541.3 471.4 467.8 819.8 828.6 752.3
Total Current Liabilities 6,774.1 7,857.3 7,033.1 7,535.7 8,019.9 8,265.8 7,491.5 7,087.1 7,341.9 5,330.8 5,014.7 4,890.1 5,423.5 5,293.9 3,843.2 3,659.2 3,769.1 3,606 4,856.3 5,845.1 6,138 4,184 2,757 3,444 5,747 2,209 2,529 1,700.3 1,443.7 1,292.5 1,191.9 1,220.9 1,832.1 1,558.8 1,371.7 1,272.4 1,173.2 1,038.4 1,191.4 923 762.8
Non-Current Liabilities
Long-Term Debt 12,416 12,673.2 11,304.2 9,965.1 9,134.8 9,786.9 10,929 11,624.8 12,668.7 7,642.9 7,057.7 7,575.3 6,423.5 5,926.1 6,161.9 5,542.5 5,268.5 5,754.8 4,348.7 3,217.7 2,415 4,255 7,410 7,516 5,591 2,221 1,760 1,702.4 1,640.4 1,530.4 1,220.9 1,400.9 1,417.2 1,268.3 920.5 879 688.5 536.3 361.5 285.5 458.3
Deferred Tax Liabilities 2,265.8 2,100.8 2,200.6 2,110.9 2,218.3 2,118.4 1,947.1 2,031 2,003.8 1,719.4 1,399.6 1,450.2 1,666 1,389.1 1,171.4 1,127.4 874.6 1,165.3 1,454.6 1,433.1 1,690 1,851 1,773 1,661 407 423 387 400.2 413.9 415.8 407.5 248.6 487.2 457.6 434.5 455.2 427.6 399.3 407.1 282.6 127.8
Other Non-Current Liabilities 1,180.2 925.8 1,000.7 883 680.8 1,009.5 1,268 1,448.9 1,341 1,523.1 2,087.6 1,744.8 1,643.2 1,952.9 2,189.8 1,733.2 2,118.7 1,932.2 1,923.9 1,229.9 924 967 961 1,131 1,066 186 187 173.6 173.2 169.1 166.7 346.8 310.6 147.6 207.4 181.7 190.5 182.2 63.4 58.9 54.8
Total Non-Current Liabilities 15,862 16,002.6 14,788.3 13,216 12,282.2 13,198 14,421.1 15,104.7 16,013.5 10,885.4 10,544.9 10,770.3 9,732.7 9,268.1 9,523.1 8,403.1 8,261.8 8,852.3 7,727.2 5,880.7 5,029 7,073 10,144 10,308 7,064 2,830 2,334 2,276.2 2,227.5 2,115.3 1,795.1 1,996.3 2,215 1,873.5 1,562.4 1,515.9 1,306.6 1,117.8 832 627 640.9
Total Liabilities 22,636.1 23,859.9 21,821.4 20,751.7 20,302.1 21,463.8 21,912.6 22,191.8 23,355.4 16,216.2 15,559.6 15,660.4 15,156.2 14,562 13,366.3 12,062.3 12,030.9 12,458.3 12,583.5 11,725.8 11,167 11,257 12,901 13,752 12,811 5,039 4,863 3,976.5 3,671.2 3,407.8 2,987 3,217.2 4,047.1 3,432.3 2,934.1 2,788.3 2,479.8 2,156.2 2,023.4 1,550 1,403.7
Stockholders' Equity
Common Stock 75.5 75.5 75.5 75.5 75.5 75.5 75.5 75.5 75.5 75.5 75.5 75.5 75.5 75.5 75.5 75.5 75.5 75.5 37.7 50.2 50 50 5,680 5,684 5,733 745 681 657.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 20,514.9 21,917.8 20,971.8 19,838.6 18,532.6 17,069.8 15,982.1 14,996.7 14,459.6 13,138.9 12,616.5 11,990.8 11,787.2 10,702.6 9,958.5 9,191.3 8,122.4 7,235.6 6,510.7 5,745.3 5,107 4,501 3,722 3,079 2,568 2,468 2,114 1,827.4 1,622.8 1,535.4 1,408.6 1,233.3 2,457.9 2,284.5 2,049 1,795.5 1,530.6 1,327.8 1,067.9 924.1 812.9
Accumulated Other Comprehensive Income (2,522.3) (2,545) (2,519.7) (2,276.9) (1,970.5) (2,429.2) (2,914.4) (2,625.4) (2,429) (2,244.5) (2,612.2) (2,310.7) (1,340.3) (1,585.3) (1,743.7) (1,010.8) (1,486.9) (877.8) 176.7 (119.7) 41 (106) (233) (385) (433) (146) (148) (125.8) 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 7,368.4 9,199.2 9,396.7 10,449.6 10,542.4 9,470.4 8,058.5 7,054.5 6,141.1 4,327.9 4,930.2 4,996.7 6,534.8 6,672.2 6,421.7 6,365.5 5,402.9 5,172.3 6,215.8 5,319.1 5,772 5,676 5,248 4,175 3,576 52 (289) 164.2 190.2 494.6 307.7 141 1,151.2 1,218.5 1,370.9 1,113.5 809.7 731.9 648.5 730.4 682.5
Total Liabilities & Equity 30,016.7 33,071.1 31,469.9 31,451.7 31,090.1 31,841.9 30,806.7 30,111.2 30,624 21,812.6 21,712.3 21,832 23,145.7 22,658 21,096.8 18,674.5 17,678.9 17,874.8 19,041.6 18,183.7 18,075 18,066 18,448 18,227 16,540 5,091 4,574 4,140.7 3,861.4 3,902.4 3,294.7 3,358.2 5,198.3 4,650.8 4,305 3,901.8 3,289.5 2,888.1 2,671.9 2,280.4 2,086.2
Debt Metrics
Total Debt 13,538 15,296.7 13,315.1 12,064.8 11,975.4 13,006.4 13,918.5 14,490 15,818.6 9,481.7 8,430.9 9,191.5 8,785.8 7,969.1 7,429.6 6,885.1 6,425.9 7,075.5 6,999.5 6,206.1 6,049 6,192 8,226 8,857 9,439 3,428 3,259 2,317.3 2,057.7 1,873.7 1,437.9 1,607.5 1,965.7 1,672.2 1,122.4 1,031.4 872.1 670.1 733.1 379.9 468.8
Net Debt 13,084.2 14,932.8 12,897.1 11,479.3 11,406 11,501.2 12,240.7 14,040 15,419.6 8,715.6 7,667.2 8,857.3 7,918.5 7,227.7 6,958.4 6,265.5 5,752.7 6,325.7 6,338.5 5,789 5,402 5,619 7,475 8,154 8,464 3,364 3,233 2,313.4 2,051.3 1,860.9 1,417.3 1,594.5 1,965.5 1,572.2 1,121.9 991.6 871.4 659.5 718.5 200.2 278.5
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Operating Activities
Net Income (85.3) 2,318.9 2,518.6 2,609.6 2,735 2,346 2,210.8 1,786.2 2,163 1,701.1 1,736.8 1,259.4 1,861.3 1,892.5 1,589.1 1,803.5 1,535 1,313.7 1,318.1 1,143.9 1,090.3 1,240 1,055 917 458 665 614 534.5 421.8 445.4 476.4 367.4 469.7 506.1 495.6 472.7 381.4 484.3 283 222 184
Depreciation & Amortization 555.2 539 552.7 546.6 570.3 601.3 594.7 620.1 618.8 603.6 608.1 588.3 585.4 588 541.5 472.6 457.1 453.6 459.2 417.8 423.9 443 399 365 296 223 209 194.2 194.9 182.8 186.7 191.4 303.8 274.2 247.4 218.4 180.1 152.3 131.1 122.8 104.5
Stock-Based Compensation 79.4 91.7 95.3 111.7 98.7 89.9 94.9 84.9 77 95.7 89.8 106.4 108.5 100.4 108.3 105.3 107.3 117.7 133.2 127.1 44.6 38 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (478.3) 192.4 10.6 (48.9) 277.4 (155.9) 793.9 (7.5) 542.1 (194.2) 298.5 214.7 (32.2) 471.1 243.8 (720.9) 143.4 176.9 (126.7) 149.1 183.9 251 (186) 246 276 (74) (125) (93.3) 54.5 (86.4) 0 (227.8) (72) 2.5 20 (96.7) 113.3 53.1 (147.9) (96.1) (191)
Other Non-Cash Items 1,892 (102.9) 173.9 (418.2) (427.5) (16.9) 11.5 229.8 (55.6) 25.1 (89.6) 423.3 (85.2) (104.8) (161.8) (228.5) 30.1 (360.4) (96.3) (39.6) 34 (249) 84 76 (210) (125) (54) 8.8 127.6 24.6 (45.7) 277.5 157 36.3 (4.9) (50.9) (59.5) (357.9) 46.3 156.1 231
Operating Cash Flow 2,166.2 2,918.2 3,302.6 2,778.6 3,316.1 2,983.2 3,676.2 2,807 2,841 2,313.3 2,629.8 2,542.8 2,541 2,926 2,402 1,526.8 2,181.2 1,828.2 1,729.9 1,765 1,771 1,711 1,461 1,631 913 736.9 687.7 686.2 769.5 587.3 659.8 667.5 830.7 859.9 771.6 544.4 627.8 355.9 340.7 414.2 351.3
Investing Activities
Capital Expenditure (539.9) (625.3) (774.1) (689.5) (568.7) (530.8) (460.8) (537.6) (622.7) (684.4) (729.3) (712.4) (663.5) (613.9) (675.9) (648.8) (649.9) (562.6) (522) (460.2) (360) (434) (628) (711) (506) (308) (268) (280.9) (183.6) (162.5) (128.8) (156.5) (559.5) (623.8) (695.3) (554.6) (540) (442.4) (410.7) (329.1) (244.9)
Acquisitions 1,835 (1,164.2) (454.6) 349.4 (1,111.8) 18.4 (48) 26.5 (8,053.1) 20.8 808.4 (924.7) 66.7 (938.4) (1,072.3) (90.7) (130.7) 244.7 0.6 (83.4) (26.5) 799 (2) (261) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (31.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1) (7) (63) (46) (98) (18) (11.5) (10.6) (8) (21.6) (21.7) (83.8) (69.7) 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 79 33 129 57 70 70 12 19.2 40.3 47.7 22.5 49.1 33.7 0 0 0 32.6 0 0 0 0
Other Investing Activities (5.1) (5.4) 31.3 (6.3) (10.2) (0.4) 22.6 (45.4) (9.6) 16.7 14.3 34.9 35 36.9 (122.6) 24.4 59.4 29 79 (53.5) (62.5) 16 38 (40) (2,789) (124) (290) (101.7) (49.4) (62.8) (45.1) (244.4) (172.6) (90.6) 47.3 (1.1) (22.8) 592.6 (9.3) 111.6 392.9
Investing Cash Flow 1,258.2 (1,794.9) (1,197.4) (346.4) (1,690.7) (512.8) (486.2) (556.5) (8,685.4) (646.9) 93.4 (1,602.2) (561.8) (1,515.4) (1,870.8) (715.1) (721.2) (288.9) (442.4) (597) (292) 496 (470) (1,018) (3,271) (460.1) (563.7) (374.9) (203.3) (185.6) (173) (373.5) (782.2) (784.1) (648) (555.7) (530.2) 150.2 (420) (217.5) 148
Financing Activities
Net Debt Issuance (1,425.7) 1,722 1,143.2 133.4 (385.8) (960.8) (917.2) (1,221) 6,277.4 1,034.5 (781.7) 597.6 801.1 414.3 168.3 450 (671.1) 89.2 773.2 326.8 (188.6) (2,170) (695) (616) 5,746 183 956 273.8 198.9 221.9 (164.8) (312.6) 287.7 585.7 91 160.2 57.2 (64.3) 0 0 0
Stock Repurchased (500.3) (1,202.9) (2,002.4) (1,403.6) (876.8) (301.4) (3.4) (1.1) (601.6) (1,651.5) (606.7) (1,161.9) (1,745.3) (1,044.9) (313) (1,163.5) (691.8) (1,296.4) (2,425.4) (1,320.7) (885) (771) (24) (29) (2,436) (226) (820) (340.7) (524.9) (361.8) (35.6) (57.7) (145.7) (420.2) (40.1) 0 (149.9) (189.2) (226.4) (60.3) 22
Dividends Paid (1,315.3) (1,338.7) (1,363.4) (1,287.9) (1,244.5) (1,246.4) (1,195.8) (1,181.7) (1,139.7) (1,135.1) (1,071.7) (1,017.7) (983.3) (867.6) (800.1) (729.4) (643.7) (579.5) (529.7) (506) (485) (461) (413) (406) (358) (312.4) (329.2) (331.4) (336.3) (320.7) (303.6) (297.2) (299.4) (274.8) (245.2) (210.6) (180.8) (154.4) 0 0 0
Other Financing Activities (74.2) (360.5) (49.7) 154 3.9 (206.9) 174.9 227.4 (60.5) 4.7 40.1 197.2 103.4 358 278.2 502 502.8 77 805.2 (216.4) (3.1) 822 (3) 70 178 10 (19) (8.3) (2.8) (9.4) (13.2) 334.3 (4.2) (7.4) (7.9) 59.3 (2.9) (116.7) (85.8) (207.3) (375.8)
Financing Cash Flow (3,315) (1,180.1) (2,272.3) (2,404.1) (2,503.2) (2,715.5) (1,941.5) (2,176.4) 5,445.5 (1,645.5) (2,285.6) (1,384.8) (1,824.1) (1,140.2) (661.4) (936.6) (1,503.8) (1,404.5) (1,093) (1,398) (1,405) (2,385) (943) (885) 3,269 (238.3) (102.3) (313.8) (572.6) (409.5) (479.2) (308.9) (148.3) (84.4) (162.9) 50.4 (107.5) (510.1) (85.8) (207.3) (375.8)
Cash Position
Net Change in Cash 127.8 (54.1) (167.5) 16.1 (935.8) (172.6) 1,227.8 51 (367.1) 2.4 429.5 (533.1) 125.9 270.2 (148.4) (53.6) (76.6) 88.8 243.9 (230) 74 (178) 48 (272) 911 38.5 21.7 (313.8) (572.6) (409.5) (479.2) (308.9) (148.3) (84.4) (162.9) 50.4 (107.5) (510.1) (165.1) (10.6) 123.5
Cash at Beginning 363.9 418 585.5 569.4 1,505.2 1,677.8 450 399 766.1 763.7 334.2 867.3 741.4 471.2 619.6 673.2 749.8 661 417.1 647 573 751 703 975 64 25.6 3.9 6.4 12.8 20.6 13 27.8 100 108.6 39.8 0.7 10.6 14.6 180 190 67
Cash at End 491.7 363.9 418 585.5 569.4 1,505.2 1,677.8 450 399 766.1 763.7 334.2 867.3 741.4 471.2 619.6 673.2 749.8 661 417 647 573 751 703 975 64.1 25.6 (307.4) (559.8) (388.9) (466.2) (281.1) (48.3) 24.2 (123.1) 51.1 (96.9) (495.5) 14.9 179.4 190.5
Free Cash Flow 1,626.3 2,292.9 2,528.5 2,089.1 2,747.4 2,452.4 3,215.4 2,269.4 2,218.3 1,730.8 2,034.9 1,830.4 1,877.5 2,312.1 1,731.3 882.3 1,531.3 1,265.6 1,207.9 1,291 1,483.5 1,360 833 920 407 429 420 405.3 585.9 424.8 531 511 271.2 236.1 76.3 (10.2) 87.8 (86.5) (70) 85.1 106.4
Key Metrics 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 18,424.6 19,486.6 19,857.2 20,094.2 18,992.8 18,127 17,626.6 16,865.2 15,740.4 15,619.8 16,563.1 17,630.3 17,909.6 17,774.1 16,657.9 14,880.2 14,635.6 14,691.3 13,652.1 12,441.5 11,711.3 11,308 11,070 10,506 7,949 5,450 5,173 6,246.1 6,033 5,609.3 5,416 5,026.7 8,516.9 8,134.6 7,777.8 7,153.2 6,448.3 5,620.6 5,178.8 5,189.3 4,586.6
Gross Profit 6,170.9 6,733 6,932.1 6,545.8 6,402.2 6,448.3 6,129.9 5,756.8 5,435.6 5,567.8 5,829.5 5,949.2 6,369.8 6,423.9 6,044.7 5,953.5 5,800.2 5,233.5 4,873.8 4,486.4 4,166.5 3,982 4,486 4,397 3,287 2,609 2,684 3,846.8 3,690 3,280.9 3,175 3,003.7 4,058.7 3,837 3,654.6 3,431.1 2,963.2 2,505.8 2,331 2,355.3 2,022.7
Operating Income 2,775.1 3,304.8 3,431.7 3,433.8 3,475.8 3,144.8 2,953.9 2,515.9 2,419.9 2,492.1 2,707.4 2,077.3 2,957.4 2,851.8 2,562.4 2,774.5 2,606.1 2,325 2,227.8 2,057.8 1,959 1,900 2,017 1,863 1,083 1,204 1,099 1,017.7 950.2 858.9 860 689 999.4 917.6 902.7 826.7 645.1 545 480.5 467.2 363.9
Net Income (87.6) 2,295.2 2,496.6 2,593.9 2,707.3 2,339.8 2,181.2 1,752.7 2,131 1,657.5 1,697.4 1,221.3 1,824.4 1,855.2 1,567.3 1,798.3 1,530.5 1,304.4 1,294.7 1,143.9 1,090.3 1,240 1,055 917 458 665 614 534.5 421.8 445.4 476.4 367.4 469.9 506.1 495.6 472.7 381.4 484.3 283.1 222 183.5
EPS (Diluted) -0.16 4.10 4.31 4.31 4.42 3.78 3.56 2.90 3.64 2.77 2.77 1.97 2.83 2.79 2.35 2.70 2.24 1.90 1.86 1.59 1.45 1.54 1.30 1.22 0.67 1.14 1.00 0.85 0.65 0.69 0.74 0.59 0.74 0.78 0.75 0.72 0.59 0.75 0.42 0.32 0.26
Balance Sheet
Cash & Equivalents 453.8 363.9 418 585.5 569.4 1,505.2 1,677.8 450 399 766.1 763.7 334.2 867.3 741.4 471.2 619.6 673.2 749.8 661 417.1 647 573 751 703 975 64 26 3.9 6.4 12.8 20.6 13 0.2 100 0.5 39.8 0.7 10.6 14.6 179.7 190.3
Total Assets 30,016.7 33,071.1 31,469.9 31,451.7 31,090.1 31,841.9 30,806.7 30,111.2 30,624 21,812.6 21,712.3 21,832 23,145.7 22,658 21,096.8 18,674.5 17,678.9 17,874.8 19,041.6 18,183.7 18,075 18,066 18,448 18,227 16,540 5,091 4,574 4,140.7 3,861.4 3,902.4 3,294.7 3,358.2 5,198.3 4,650.8 4,305 3,901.8 3,289.5 2,888.1 2,671.9 2,280.4 2,086.2
Total Debt 13,538 15,296.7 13,315.1 12,064.8 11,975.4 13,006.4 13,918.5 14,490 15,818.6 9,481.7 8,430.9 9,191.5 8,785.8 7,969.1 7,429.6 6,885.1 6,425.9 7,075.5 6,999.5 6,206.1 6,049 6,192 8,226 8,857 9,439 3,428 3,259 2,317.3 2,057.7 1,873.7 1,437.9 1,607.5 1,965.7 1,672.2 1,122.4 1,031.4 872.1 670.1 733.1 379.9 468.8
Stockholders' Equity 7,368.4 9,199.2 9,396.7 10,449.6 10,542.4 9,470.4 8,058.5 7,054.5 6,141.1 4,327.9 4,930.2 4,996.7 6,534.8 6,672.2 6,421.7 6,365.5 5,402.9 5,172.3 6,215.8 5,319.1 5,772 5,676 5,248 4,175 3,576 52 (289) 164.2 190.2 494.6 307.7 141 1,151.2 1,218.5 1,370.9 1,113.5 809.7 731.9 648.5 730.4 682.5
Cash Flow
Operating Cash Flow 2,166.2 2,918.2 3,302.6 2,778.6 3,316.1 2,983.2 3,676.2 2,807 2,841 2,313.3 2,629.8 2,542.8 2,541 2,926 2,402 1,526.8 2,181.2 1,828.2 1,729.9 1,765 1,771 1,711 1,461 1,631 913 736.9 687.7 686.2 769.5 587.3 659.8 667.5 830.7 859.9 771.6 544.4 627.8 355.9 340.7 414.2 351.3
Capital Expenditure (539.9) (625.3) (774.1) (689.5) (568.7) (530.8) (460.8) (537.6) (622.7) (684.4) (729.3) (712.4) (663.5) (613.9) (675.9) (648.8) (649.9) (562.6) (522) (460.2) (360) (434) (628) (711) (506) (308) (268) (280.9) (183.6) (162.5) (128.8) (156.5) (559.5) (623.8) (695.3) (554.6) (540) (442.4) (410.7) (329.1) (244.9)
Free Cash Flow 1,626.3 2,292.9 2,528.5 2,089.1 2,747.4 2,452.4 3,215.4 2,269.4 2,218.3 1,730.8 2,034.9 1,830.4 1,877.5 2,312.1 1,731.3 882.3 1,531.3 1,265.6 1,207.9 1,291 1,483.5 1,360 833 920 407 429 420 405.3 585.9 424.8 531 511 271.2 236.1 76.3 (10.2) 87.8 (86.5) (70) 85.1 106.4