GWW - W.W. Grainger, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$1,229.25
DETAILS
HIGH:
$1,365.00
LOW:
$1,081.00
MEDIAN:
$1,235.50
CONSENSUS:
$1,229.25
DOWNSIDE:
1.49%
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 17,942 | 17,168 | 16,478 | 15,228 | 13,022 | 11,797 | 11,486 | 11,221 | 10,424.9 | 10,137.2 | 9,973.4 | 9,965.0 | 9,437.8 | 8,950.0 | 8,078.2 | 7,182.2 | 6,222.0 | 6,850.0 | 6,418.0 | 5,883.7 | 5,526.6 | 5,049.8 | 4,667.0 | 4,643.9 | 4,754.3 | 4,977.0 | 4,533.9 | 4,341.3 | 4,136.6 | 3,537.2 | 3,276.9 | 3,023.1 | 2,628.4 |
| Cost of Revenue | 10,933 | 10,480 | 9,982 | 9,379 | 8,302 | 7,559 | 7,089 | 6,873 | 6,327.3 | 6,022.6 | 5,742.0 | 5,650.7 | 5,301.3 | 5,033.9 | 4,567.4 | 4,176.5 | 3,623.5 | 4,041.8 | 3,814.4 | 3,529.5 | 3,365.1 | 3,143.1 | 3,028.9 | 3,045.7 | 3,165.0 | 3,284.8 | 2,783 | 2,664.7 | 2,562.6 | 2,195.7 | 2,024.7 | 1,884.6 | 1,594.3 |
| Gross Profit | 7,009 | 6,688 | 6,496 | 5,849 | 4,720 | 4,238 | 4,397 | 4,348 | 4,097.6 | 4,114.6 | 4,231.4 | 4,314.2 | 4,136.5 | 3,916.2 | 3,510.8 | 3,005.7 | 2,598.5 | 2,808.2 | 2,603.6 | 2,354.2 | 2,161.5 | 1,906.7 | 1,638.1 | 1,598.2 | 1,589.3 | 1,692.2 | 1,750.9 | 1,676.6 | 1,574 | 1,341.5 | 1,252.2 | 1,138.5 | 1,034.1 |
| 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 |
| SG&A Expenses | 4,318 | 4,016 | 3,931 | 3,634 | 3,173 | 3,219 | 3,135 | 3,190 | 2,845 | 2,826 | 2,822.0 | 2,848.1 | 2,839.6 | 2,785.0 | 2,458.4 | 2,145.2 | 1,933.3 | 2,025.5 | 1,933.0 | 1,776.1 | 1,642.6 | 1,467.3 | 1,251.4 | 1,207.0 | 1,211.6 | 1,250.2 | 1,335.4 | 1,189.7 | 1,101.2 | 921.7 | 865.1 | 787.1 | 722.7 |
| Other Expenses | 0 | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (3) | (3) | (4) | (4) | (4) | (3.1) | (3.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 106.9 | 98.2 | 78.9 | 79.7 | 74.3 | 70.9 | 66.7 | 59.2 |
| Operating Expenses | 4,318 | 4,051 | 3,931 | 3,634 | 3,173 | 3,219 | 3,135 | 3,190 | 3,048.9 | 2,995.1 | 2,931.1 | 2,967.1 | 2,839.6 | 2,785.0 | 2,458.4 | 2,145.2 | 1,933.3 | 2,025.5 | 1,933.0 | 1,776.1 | 1,642.6 | 1,467.3 | 1,251.4 | 1,207.0 | 1,211.6 | 1,357.1 | 1,433.6 | 1,268.6 | 1,180.9 | 996 | 936 | 853.8 | 781.9 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 2,691 | 2,637 | 2,565 | 2,215 | 1,547 | 1,019 | 1,262 | 1,158 | 1,048.7 | 1,119.5 | 1,300.3 | 1,347.1 | 1,296.9 | 1,131.1 | 1,052.4 | 860.5 | 665.2 | 782.7 | 670.7 | 578.1 | 519.0 | 439.5 | 387.3 | 393.2 | 338.6 | 335.1 | 317.3 | 408 | 393.1 | 345.5 | 316.2 | 284.7 | 252.2 |
| Interest Expense | 81 | 77 | 93 | 93 | 87 | 93 | 79 | 88 | 89 | 76 | 33.6 | 10.1 | 13.2 | 16.1 | 9.1 | 8.2 | 8.8 | 14.5 | 0 | 0 | 0 | 0 | 6.2 | 19.2 | 41.3 | 3.5 | 13.6 | 7.2 | 3.5 | 0 | 4 | 55.9 | 2.9 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 3 | 1 | 1.2 | 2.1 | 3.2 | 2.7 | 2.1 | 1.2 | 1.4 | 5.1 | 0 | 0 | 0 | 0 | 3.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 2,765 | 2,898 | 2,807 | 2,404 | 1,738 | 1,216 | 1,516 | 1,423 | 1,284 | 1,334.2 | 1,512.2 | 1,552.8 | 1,481.4 | 1,292.9 | 1,209.8 | 1,011.6 | 863.6 | 927.3 | 802.7 | 696.6 | 627.8 | 547.8 | 476.9 | 484.7 | 480.9 | 442.0 | 415.5 | 486.9 | 472.8 | 419.8 | 387.1 | 351.4 | 311.4 |
| EBIT | 2,511 | 2,661 | 2,593 | 2,204 | 1,552 | 1,040 | 1,288 | 1,169 | 1,025 | 1,085.4 | 1,284.3 | 1,344.5 | 1,300.8 | 1,133.9 | 1,060.6 | 862.0 | 716.1 | 787.7 | 670.7 | 578.1 | 519.0 | 441.0 | 386.7 | 391.2 | 377.6 | 335.1 | 317.3 | 408 | 393.1 | 345.5 | 316.2 | 284.7 | 252.2 |
| Income Before Tax | 2,430 | 2,584 | 2,500 | 2,146 | 1,485 | 947 | 1,209 | 1,081 | 935.3 | 1,019.1 | 1,250.7 | 1,334.4 | 1,287.6 | 1,117.8 | 1,051.5 | 853.8 | 707.3 | 773.2 | 681.9 | 603.0 | 532.7 | 445.1 | 381.1 | 397.8 | 297.3 | 331.6 | 303.7 | 400.8 | 389.6 | 348.9 | 312.2 | 228.8 | 250.1 |
| Income Tax Expense | 622 | 595 | 597 | 533 | 371 | 192 | 314 | 258 | 312.9 | 386.2 | 465.5 | 522.1 | 479.9 | 418.9 | 385.1 | 340.2 | 276.6 | 297.9 | 261.7 | 219.6 | 186.3 | 158.2 | 154.1 | 162.3 | 122.8 | 138.7 | 123 | 162.3 | 157.8 | 140.4 | 125.5 | 100.9 | 100.8 |
| Net Income | 1,706 | 1,909 | 1,829 | 1,547 | 1,043 | 695 | 849 | 782 | 585.7 | 605.9 | 769.0 | 801.7 | 797.0 | 689.9 | 658.4 | 510.9 | 430.5 | 475.4 | 420.1 | 383.4 | 346.3 | 286.9 | 227.0 | 211.6 | 174.5 | 192.9 | 180.7 | 238.5 | 231.8 | 208.5 | 186.7 | 127.9 | 148.5 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 35.47 | 39.04 | 36.65 | 30.39 | 20.10 | 12.99 | 15.52 | 13.93 | 10.07 | 9.94 | 11.69 | 11.59 | 11.31 | 9.71 | 9.26 | 7.05 | 5.70 | 6.21 | 5.10 | 4.36 | 3.87 | 3.18 | 2.50 | 2.30 | 1.87 | 2.07 | 1.95 | 2.48 | 2.31 | 2.04 | 1.84 | 1.25 | 1.45 |
| EPS (Diluted) | 35.40 | 38.71 | 36.51 | 30.27 | 19.98 | 12.94 | 15.46 | 13.83 | 10.02 | 9.87 | 11.58 | 11.45 | 11.13 | 9.52 | 9.07 | 6.93 | 5.62 | 6.04 | 4.94 | 4.24 | 3.78 | 3.13 | 2.46 | 2.24 | 1.84 | 2.05 | 1.92 | 2.44 | 2.27 | 2.02 | 1.82 | 1.25 | 1.43 |
| Shares Outstanding | 47.9 | 48.9 | 49.9 | 50.9 | 51.9 | 53.5 | 54.7 | 56.1 | 57.7 | 60.4 | 65.2 | 68.3 | 69.5 | 69.8 | 69.7 | 70.8 | 73.8 | 76.6 | 82.4 | 87.8 | 89.6 | 90.2 | 90.7 | 92.0 | 93.2 | 93.0 | 92.8 | 96.2 | 100.6 | 102.2 | 101.5 | 102.5 | 102.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 585 | 1,036 | 660 | 325 | 241 | 585 | 360 | 538 | 326.9 | 274.1 | 459.9 | 396.3 | 429.2 | 402.8 | 208.5 | 168.8 | 63.4 | 62.7 | 43.1 | 46.9 | 126.9 | 11.5 | 15.3 | 2.6 |
| 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 |
| Net Receivables | 2,329 | 2,232 | 2,192 | 2,133 | 1,754 | 1,474 | 1,425 | 1,385 | 1,325 | 1,223.1 | 624.9 | 589.4 | 480.9 | 431.9 | 423.2 | 454.2 | 608.3 | 561.8 | 463.4 | 455.5 | 433.6 | 369.6 | 345.8 | 299.9 |
| Inventory | 2,394 | 2,306 | 2,266 | 2,253 | 1,870 | 1,733 | 1,655 | 1,541 | 1,429.2 | 1,406.5 | 889.7 | 1,009.9 | 700.6 | 661.2 | 721.2 | 634.7 | 704.1 | 762.5 | 626.7 | 612.1 | 686.9 | 602.6 | 520 | 466.2 |
| Other Current Assets | 176 | 163 | 156 | 266 | 0 | 0 | 104 | 83 | 87 | 81.8 | 42.0 | 52.6 | 96.9 | 99.5 | 95.3 | 97.5 | 107.2 | 84.1 | 73.2 | 68.5 | 72.8 | 79 | 82.5 | 55.2 |
| Total Current Assets | 5,484 | 5,737 | 5,274 | 4,977 | 4,011 | 3,919 | 3,555 | 3,557 | 3,206.0 | 3,020.2 | 2,131.5 | 2,144.1 | 1,754.7 | 1,633.4 | 1,484.9 | 1,392.6 | 1,483.0 | 1,471.1 | 1,206.4 | 1,183 | 1,320.2 | 1,062.7 | 963.6 | 823.9 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 2,613 | 2,298 | 2,087 | 1,828 | 1,817 | 1,605 | 1,400 | 1,352 | 1,392.0 | 1,420.9 | 953.3 | 930.3 | 761.6 | 732.0 | 736.8 | 689.7 | 676.4 | 697.8 | 660.5 | 592.9 | 551 | 518.4 | 469.1 | 409.4 |
| Goodwill | 360 | 355 | 370 | 371 | 384 | 391 | 429 | 424 | 543.9 | 527.1 | 351.2 | 213.2 | 0 | 0 | 0 | 155.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 265 | 243 | 234 | 232 | 238 | 228 | 304 | 460 | 569.1 | 586.1 | 207.4 | 109.6 | 174.6 | 167.7 | 118.7 | 0 | 159.2 | 173.3 | 180.6 | 206.8 | 229.9 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.5 | 20.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 240 | 196 | 182 | 180 | 142 | 138 | 306 | 68 | 71 | 75.1 | 0 | 0 | 109.4 | 82.7 | 76.5 | 93.4 | 141.0 | 222.6 | 56.5 | 15.1 | 17.9 | 88.1 | 102.1 | 143.4 |
| Total Non-Current Assets | 3,478 | 3,092 | 2,873 | 2,611 | 2,581 | 2,376 | 2,450 | 2,316 | 2,598.3 | 2,674.1 | 1,594.8 | 1,371.3 | 1,054.9 | 991.3 | 952.5 | 938.6 | 976.6 | 1,093.7 | 897.5 | 814.8 | 798.8 | 606.5 | 571.2 | 552.8 |
| Total Assets | 8,962 | 8,829 | 8,147 | 7,588 | 6,592 | 6,295 | 6,005 | 5,873 | 5,804.3 | 5,694.3 | 3,726.3 | 3,515.4 | 2,809.6 | 2,624.7 | 2,437.4 | 2,331.2 | 2,459.6 | 2,564.8 | 2,103.9 | 1,997.8 | 2,119 | 1,669.2 | 1,534.8 | 1,376.7 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 963 | 952 | 954 | 1,047 | 816 | 779 | 719 | 678 | 731 | 650.1 | 300.8 | 290.8 | 289.4 | 257.8 | 290.8 | 275.9 | 220.9 | 260.1 | 287.1 | 261.8 | 240.8 | 204.9 | 226.5 | 178.1 |
| Short-Term Debt | 199 | 499 | 34 | 35 | 0 | 8 | 301 | 130 | 95 | 406.1 | 87.9 | 41.2 | 9.5 | 144.1 | 9.5 | 17.0 | 196.3 | 324.5 | 110.9 | 26.8 | 160 | 46.8 | 37.5 | 56 |
| Deferred Revenue | 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 | 386 | 324 | 327 | 334 | 319 | 307 | 313 | 395 | 347 | 267.5 | 0 | 0 | 35.3 | 43.7 | 37.9 | 9.1 | 330.1 | 285.9 | 266.5 | 245.3 | 215.3 | 192.4 | 195.1 | 147.3 |
| Total Current Liabilities | 1,940 | 2,305 | 1,831 | 2,010 | 1,528 | 1,441 | 1,678 | 1,501 | 1,506.7 | 1,628.9 | 776.8 | 761.7 | 662.4 | 706.6 | 586.3 | 553.8 | 747.3 | 870.5 | 664.5 | 533.9 | 616.1 | 444.1 | 459.1 | 381.4 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 2,663 | 2,279 | 2,266 | 2,284 | 2,362 | 2,389 | 1,914 | 2,090 | 2,248 | 1,840.9 | 437.5 | 488.2 | 0 | 4.9 | 119.7 | 118.2 | 125.3 | 124.9 | 122.9 | 131.2 | 6.2 | 8.7 | 1 | 6.2 |
| Deferred Tax Liabilities | 121 | 101 | 104 | 121 | 121 | 110 | 106 | 103 | 111 | 126.1 | 62.2 | 33.2 | 4.5 | 0 | 0 | 1.2 | 0 | 48.1 | 0 | 2.9 | 2.2 | 8.5 | 15.2 | 23 |
| Other Non-Current Liabilities | (204) | 114 | 124 | 120 | 87 | 100 | 247 | 86 | 110 | 192.6 | 222.6 | 198.4 | 74.7 | 68.0 | 63.8 | 54.6 | 49.5 | 40.8 | 37.9 | 35.1 | 31.8 | 28.8 | 26.7 | 24.2 |
| Total Non-Current Liabilities | 2,881 | 2,821 | 2,875 | 2,843 | 2,904 | 2,761 | 2,267 | 2,279 | 2,469.9 | 2,159.6 | 722.3 | 719.9 | 79.2 | 72.9 | 183.5 | 174.1 | 174.8 | 213.8 | 160.7 | 169.2 | 40.2 | 46 | 42.9 | 53.4 |
| Total Liabilities | 4,821 | 5,126 | 4,706 | 4,853 | 4,432 | 4,202 | 3,945 | 3,780 | 3,976.5 | 3,788.5 | 1,499.1 | 1,481.6 | 741.6 | 779.5 | 769.8 | 727.9 | 922.1 | 1,084.3 | 825.2 | 703.1 | 656.3 | 490.1 | 502 | 434.8 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 0 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 54.8 | 54.8 | 54.8 | 54.8 | 54.7 | 54.5 | 54.2 | 54.0 | 53.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | 13,677 | 12,162 | 10,700 | 9,500 | 8,779 | 8,405 | 7,869 | 7,405 | 7,113.6 | 3,966.5 | 3,670.7 | 2,458.4 | 2,242.8 | 2,083.1 | 1,938.0 | 1,837.3 | 1,707.3 | 1,585.3 | 1,403.5 | 1,225.6 | 1,067.1 | 925.7 | 837.4 |
| Accumulated Other Comprehensive Income | 0 | (274) | (172) | (180) | (96) | (61) | (154) | (171) | (135) | (272.3) | 12.4 | (38.5) | 3.6 | (8.9) | (52.9) | (47.3) | (41.6) | 52.2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 4,141 | 3,358 | 3,115 | 2,440 | 1,874 | 1,828 | 1,855 | 1,921 | 1,690 | 1,797.9 | 2,163.7 | 2,033.8 | 2,068.0 | 1,845.1 | 1,667.7 | 1,603.2 | 1,537.4 | 1,480.5 | 1,278.7 | 1,294.7 | 1,462.7 | 1,179.1 | 1,032.8 | 941.9 |
| Total Liabilities & Equity | 8,962 | 8,829 | 8,147 | 7,588 | 6,592 | 6,295 | 6,005 | 5,873 | 5,804 | 5,694.3 | 3,726.3 | 3,515.4 | 2,809.6 | 2,624.7 | 2,437.4 | 2,331.2 | 2,459.6 | 2,564.8 | 2,104 | 1,997.8 | 2,119 | 1,669.2 | 1,534.8 | 1,376.7 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 3,163 | 3,183 | 2,752 | 2,705 | 2,762 | 2,616 | 2,215 | 2,220 | 2,342.3 | 2,247.1 | 525.4 | 529.4 | 9.5 | 149.0 | 129.2 | 135.3 | 321.6 | 449.4 | 233.8 | 158 | 166.2 | 55.5 | 38.5 | 62.2 |
| Net Debt | 2,578 | 2,147 | 2,092 | 2,380 | 2,521 | 2,031 | 1,855 | 1,682 | 2,015.5 | 1,972.9 | 65.5 | 133.2 | (419.8) | (253.8) | (79.4) | (33.6) | 258.2 | 386.7 | 190.7 | 111.1 | 39.3 | 44 | 23.2 | 59.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 1,808 | 1,989 | 1,903 | 1,613 | 1,114 | 755 | 895 | 823 | 623 | 633 | 346.3 | 286.9 | 227.0 | 211.6 | 174.5 | 192.9 | 180.7 | 238.5 | 231.8 | 208.5 | 186.7 | 127.9 | 149.3 |
| Depreciation & Amortization | 254 | 237 | 214 | 205 | 187 | 182 | 229 | 257 | 264 | 249 | 108.8 | 98.3 | 90.3 | 93.5 | 103.2 | 106.9 | 98.2 | 78.9 | 79.7 | 74.3 | 70.9 | 66.7 | 59.2 |
| Stock-Based Compensation | 64 | 62 | 62 | 48 | 42 | 46 | 40 | 47 | 32.7 | 35.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (428) | (276) | (255) | (616) | (495) | (170) | (255) | (234) | 70 | 42 | (57.1) | 8.3 | 55.8 | (34.0) | 170.2 | (5.4) | (257.5) | 13.5 | 100 | (22.9) | (133.9) | (49.8) | (32.5) |
| Other Non-Cash Items | 317 | 107 | 116 | 75 | 62 | 315 | 129 | 157 | 72 | 70 | 10.9 | 17.5 | 15.7 | 38.9 | 70.1 | 4.4 | 13.6 | 11.6 | 12.4 | 12.4 | 8 | 78.4 | 8.9 |
| Operating Cash Flow | 2,015 | 2,111 | 2,031 | 1,333 | 937 | 1,123 | 1,042 | 1,057 | 1,056.6 | 1,003.0 | 432.5 | 406.5 | 394.1 | 303.5 | 510.8 | 277.8 | 29.7 | 334.6 | 426.1 | 271.4 | 126.3 | 191.4 | 162.5 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (684) | (541) | (445) | (256) | (255) | (197) | (221) | (239) | (237.3) | (284.2) | (112.3) | (128.3) | (74.1) | (134.0) | (100.5) | (94.9) | (114.1) | (130.2) | (108.3) | (62.1) | (111.9) | (120.4) | (98.4) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 20 | 2 | 86 | (35) | (34) | (24.8) | 0 | (36.7) | 0 | (14.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | (2) | (13) | (35) | (34.1) | 0 | 0 | 12.1 | 0 | 10.5 | (5) | (18.5) | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0.1 | 6.1 | 16.0 | 1.0 | 31.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 39 | 21 | 23 | (7) | 29 | (2) | 17 | (13) | 126 | 56 | (25.9) | (14.2) | (0.6) | 12.3 | (0.2) | (25.9) | (16.8) | (46.1) | 5.2 | (130) | 5.3 | 2.4 | 1.4 |
| Investing Cash Flow | (645) | (520) | (422) | (263) | (226) | (179) | (202) | (166) | (146.1) | (262.3) | (163.0) | (142.4) | (105.3) | (105.8) | (115.7) | (94.2) | (149.4) | (176.3) | (103.1) | (191.1) | (106.6) | (118) | (97) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | (290) | 464 | (30) | 1 | (8) | 161 | (37) | (101) | 23 | 292 | 0 | (140.8) | (4.6) | (8.8) | (179.3) | (123.4) | 208.7 | 84 | (8.2) | 110.7 | 16.9 | (23.6) | 30.3 |
| Stock Repurchased | (1,045) | (1,201) | (850) | (603) | (695) | (601) | (700) | (425) | (605) | (790) | (137.5) | (100.9) | (41.2) | (99.9) | (74.6) | (0.9) | (15.3) | (194) | (346.8) | (32.1) | 0 | 0 | (104.7) |
| Dividends Paid | (467) | (421) | (392) | (370) | (357) | (338) | (328) | (316) | (304) | (303) | (82.7) | (71.2) | (67.3) | (66.5) | (65.4) | (62.9) | (58.8) | (56.7) | (53.9) | (50) | (45.2) | (39.6) | (36.3) |
| Other Financing Activities | (23) | (22) | (6) | 0 | 21 | 52 | 42 | 172 | 19 | 25 | 0 | 0 | 0 | 0 | (0.1) | 0.1 | 3.4 | 0 | 3.8 | 3.6 | 2.7 | 1.4 | 0.1 |
| Financing Cash Flow | (1,825) | (1,180) | (1,278) | (972) | (1,039) | (726) | (1,023) | (670) | (866.5) | (754.5) | (154.1) | (240.6) | (97.9) | (158.1) | (287.1) | (181.1) | 139.2 | (162.1) | (402.9) | 35.1 | (23.5) | (60.6) | (107.7) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | (451) | 376 | 335 | 84 | (344) | 225 | (178) | 211 | 52.7 | (16.0) | 115.6 | 26.4 | 194.3 | 39.7 | 105.5 | 0.7 | 19.5 | (3.8) | (79.9) | 115.4 | (3.8) | 12.8 | (42.2) |
| Cash at Beginning | 1,036 | 660 | 325 | 241 | 585 | 360 | 538 | 327 | 274.1 | 290.1 | 429.2 | 402.8 | 208.5 | 168.8 | 63.4 | 62.7 | 43.2 | 46.9 | 126.9 | 11.5 | 15.3 | 2.6 | 44.8 |
| Cash at End | 585 | 1,036 | 660 | 325 | 241 | 585 | 360 | 538 | 326.9 | 274.1 | 544.9 | 429.2 | 402.8 | 208.5 | 168.8 | 63.4 | 62.7 | 43.1 | 47 | 126.9 | 11.5 | 15.4 | 2.6 |
| Free Cash Flow | 1,331 | 1,570 | 1,586 | 1,077 | 682 | 926 | 821 | 818 | 819.3 | 718.7 | 320.2 | 278.2 | 320.0 | 169.5 | 410.3 | 182.8 | (84.4) | 204.4 | 317.8 | 209.3 | 14.4 | 71 | 64.1 |
| Key Metrics | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 17,942 | 17,168 | 16,478 | 15,228 | 13,022 | 11,797 | 11,486 | 11,221 | 10,424.9 | 10,137.2 | 9,973.4 | 9,965.0 | 9,437.8 | 8,950.0 | 8,078.2 | 7,182.2 | 6,222.0 | 6,850.0 | 6,418.0 | 5,883.7 | 5,526.6 | 5,049.8 | 4,667.0 | 4,643.9 | 4,754.3 | 4,977.0 | 4,533.9 | 4,341.3 | 4,136.6 | 3,537.2 | 3,276.9 | 3,023.1 | 2,628.4 |
| Gross Profit | 7,009 | 6,688 | 6,496 | 5,849 | 4,720 | 4,238 | 4,397 | 4,348 | 4,097.6 | 4,114.6 | 4,231.4 | 4,314.2 | 4,136.5 | 3,916.2 | 3,510.8 | 3,005.7 | 2,598.5 | 2,808.2 | 2,603.6 | 2,354.2 | 2,161.5 | 1,906.7 | 1,638.1 | 1,598.2 | 1,589.3 | 1,692.2 | 1,750.9 | 1,676.6 | 1,574 | 1,341.5 | 1,252.2 | 1,138.5 | 1,034.1 |
| Operating Income | 2,691 | 2,637 | 2,565 | 2,215 | 1,547 | 1,019 | 1,262 | 1,158 | 1,048.7 | 1,119.5 | 1,300.3 | 1,347.1 | 1,296.9 | 1,131.1 | 1,052.4 | 860.5 | 665.2 | 782.7 | 670.7 | 578.1 | 519.0 | 439.5 | 387.3 | 393.2 | 338.6 | 335.1 | 317.3 | 408 | 393.1 | 345.5 | 316.2 | 284.7 | 252.2 |
| Net Income | 1,706 | 1,909 | 1,829 | 1,547 | 1,043 | 695 | 849 | 782 | 585.7 | 605.9 | 769.0 | 801.7 | 797.0 | 689.9 | 658.4 | 510.9 | 430.5 | 475.4 | 420.1 | 383.4 | 346.3 | 286.9 | 227.0 | 211.6 | 174.5 | 192.9 | 180.7 | 238.5 | 231.8 | 208.5 | 186.7 | 127.9 | 148.5 |
| EPS (Diluted) | 35.40 | 38.71 | 36.51 | 30.27 | 19.98 | 12.94 | 15.46 | 13.83 | 10.02 | 9.87 | 11.58 | 11.45 | 11.13 | 9.52 | 9.07 | 6.93 | 5.62 | 6.04 | 4.94 | 4.24 | 3.78 | 3.13 | 2.46 | 2.24 | 1.84 | 2.05 | 1.92 | 2.44 | 2.27 | 2.02 | 1.82 | 1.25 | 1.43 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 585 | 1,036 | 660 | 325 | 241 | 585 | 360 | 538 | 326.9 | 274.1 | 459.9 | 396.3 | 429.2 | 402.8 | 208.5 | 168.8 | 63.4 | 62.7 | 43.1 | 46.9 | 126.9 | 11.5 | 15.3 | 2.6 | |||||||||
| Total Assets | 8,962 | 8,829 | 8,147 | 7,588 | 6,592 | 6,295 | 6,005 | 5,873 | 5,804.3 | 5,694.3 | 3,726.3 | 3,515.4 | 2,809.6 | 2,624.7 | 2,437.4 | 2,331.2 | 2,459.6 | 2,564.8 | 2,103.9 | 1,997.8 | 2,119 | 1,669.2 | 1,534.8 | 1,376.7 | |||||||||
| Total Debt | 3,163 | 3,183 | 2,752 | 2,705 | 2,762 | 2,616 | 2,215 | 2,220 | 2,342.3 | 2,247.1 | 525.4 | 529.4 | 9.5 | 149.0 | 129.2 | 135.3 | 321.6 | 449.4 | 233.8 | 158 | 166.2 | 55.5 | 38.5 | 62.2 | |||||||||
| Stockholders' Equity | 4,141 | 3,358 | 3,115 | 2,440 | 1,874 | 1,828 | 1,855 | 1,921 | 1,690 | 1,797.9 | 2,163.7 | 2,033.8 | 2,068.0 | 1,845.1 | 1,667.7 | 1,603.2 | 1,537.4 | 1,480.5 | 1,278.7 | 1,294.7 | 1,462.7 | 1,179.1 | 1,032.8 | 941.9 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 2,015 | 2,111 | 2,031 | 1,333 | 937 | 1,123 | 1,042 | 1,057 | 1,056.6 | 1,003.0 | 432.5 | 406.5 | 394.1 | 303.5 | 510.8 | 277.8 | 29.7 | 334.6 | 426.1 | 271.4 | 126.3 | 191.4 | 162.5 | ||||||||||
| Capital Expenditure | (684) | (541) | (445) | (256) | (255) | (197) | (221) | (239) | (237.3) | (284.2) | (112.3) | (128.3) | (74.1) | (134.0) | (100.5) | (94.9) | (114.1) | (130.2) | (108.3) | (62.1) | (111.9) | (120.4) | (98.4) | ||||||||||
| Free Cash Flow | 1,331 | 1,570 | 1,586 | 1,077 | 682 | 926 | 821 | 818 | 819.3 | 718.7 | 320.2 | 278.2 | 320.0 | 169.5 | 410.3 | 182.8 | (84.4) | 204.4 | 317.8 | 209.3 | 14.4 | 71 | 64.1 | ||||||||||