W.W. Grainger, Inc. logo GWW - W.W. Grainger, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 10
HOLD 24
SELL 4
STRONG
SELL
0
| 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 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 4,742 4,425 4,657 4,554 4,306 4,233 4,388 4,312 4,235 3,997 4,208 4,182 4,091 3,802 3,942 3,837 3,647 3,359 3,372 3,207 3,084 2,941 3,018 2,837 3,001 2,847 2,947 2,893 2,799 2,763 2,831.4 2,860.2 2,766.4 2,632.5 2,636.0 2,615.3 2,541.1 2,470.7 2,596.3 2,563.7 2,506.5 2,478.3 2,532.9 2,522.6 2,439.7 2,511.0 2,562.3 2,506.1 2,385.6 2,377.2 2,398.5 2,381.6 2,280.4 2,226.1 2,281.2 2,249.3 2,193.4 2,076.9 2,114.6 2,003.0 1,883.6 1,826.7 1,899.4 1,783.7 1,672.4 1,633.8 1,589.7 1,533.3 1,465.2 1,592.7 1,839.5 1,756.9 1,661.0 1,611.8 1,658.6 1,601.0 1,546.7 1,462.2 1,519.5 1,482.9 1,419.1 1,390.6 1,428.3 1,372.8 1,334.9 1,265.0 1,301.1 1,256.0 1,227.8 1,154.4 1,172.7 1,120.4 1,194.8 1,110.5 1,225.0 1,219.4 1,298.1 1,241.7 1,242.0 1,195.2
Cost of Revenue 2,846 2,679 2,859 2,799 2,596 2,557 2,668 2,618 2,567 2,434 2,553 2,538 2,457 2,296 2,423 2,396 2,264 2,106 2,122 2,083 1,991 1,914 1,944 1,821 1,880 1,765 1,848 1,772 1,704 1,697 1,752.2 1,749.3 1,674.6 1,611.2 1,618.8 1,575.3 1,521.9 1,481.0 1,556.5 1,523.6 1,461.5 1,475.9 1,471.0 1,449.1 1,345.9 1,456.2 1,459.5 1,425.4 1,309.7 1,370.8 1,347.2 1,334.6 1,248.7 1,256.6 1,287.2 1,270.9 1,219.1 1,171.1 1,201.6 1,140.6 1,054.0 1,063.6 1,109.7 1,036.6 966.6 949.6 929.7 908.3 835.8 912.6 1,097.1 1,051.0 981.1 940.3 999.0 960.5 914.6 860.7 920.4 899.6 848.8 803.2 880.2 845.7 836.0 744.9 821.8 796.1 780.3 728.4 768.6 707.4 795.2 706.9 830.1 824.5 992.1 767.4 780.6 744.7
Gross Profit 1,896 1,746 1,798 1,755 1,710 1,676 1,720 1,694 1,668 1,563 1,655 1,644 1,634 1,506 1,519 1,441 1,383 1,253 1,250 1,124 1,093 1,027 1,074 1,016 1,121 1,082 1,099 1,121 1,095 1,066 1,079.2 1,110.9 1,091.8 1,021.2 1,017.2 1,040.0 1,019.2 989.7 1,039.8 1,040.1 1,045.1 1,002.4 1,061.9 1,073.4 1,093.7 1,054.8 1,102.8 1,080.7 1,076.0 1,006.4 1,051.4 1,047.0 1,031.7 969.5 994.0 978.3 974.3 905.8 913.0 862.4 829.6 763.1 789.7 747.1 705.7 684.2 659.9 625.0 629.4 680.1 742.3 705.9 679.9 671.5 659.6 640.5 632.1 601.4 599.1 583.3 570.3 587.4 548.2 527.1 498.9 520.1 479.3 459.8 447.5 426.0 404.1 413.1 399.6 403.6 394.9 394.9 306.0 474.3 461.4 450.5
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 1,103 1,112 1,287 1,077 1,038 1,043 1,034 1,045 999 1,006 988 983 954 962 916 907 849 836 812 790 735 752 694 811 962 677 761 741 732 776 890.1 767.0 756.9 656.9 736.0 807.9 723.7 730.8 717.2 734.5 728.0 750.7 721.1 716.7 742.5 788.3 717.3 739.9 721.6 749.6 704.7 696.9 688.4 711.1 739.6 664.3 670.0 684.3 610.0 597.1 567 551.7 538.5 532.2 522.9 518.8 473.2 471.0 470.2 499.5 510.9 521.0 494.1 504.3 485.3 473.9 469.5 453.6 447.8 438.8 435.9 439.6 412.6 400.2 390.2 395.9 371.8 352.9 346.7 317.8 311.3 306.3 305.3 298.7 301.2 311.2 185.8 356.0 361.6 346.8
Other 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 (0.5) 0.4 (1.6) (1.9) 0.2 (2.2) (3.1) (1.1) 0.0 (0.5) (0.1) 0.1 (0.1) 0.9 (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 0 0 0 0 0 0 0 0 0 0 0 0 24.3 26.7 27.0 29.0
Operating Expenses 1,103 1,112 1,287 1,077 1,038 1,043 1,034 1,045 999 1,006 988 983 954 962 916 907 849 836 812 790 735 752 694 811 962 901 761 741 732 776 890.1 767.0 756.9 781.3 736.0 807.9 723.7 815.5 717.2 734.5 728.0 750.7 721.1 716.7 742.5 788.3 717.3 739.9 721.6 749.6 704.7 696.9 688.4 711.1 739.6 664.3 670.0 684.3 610.0 597.1 567 551.7 538.5 532.2 522.9 518.8 473.2 471.0 470.2 499.5 510.9 521.0 494.1 504.3 485.3 473.9 469.5 453.6 447.8 438.8 435.9 439.6 412.6 400.2 390.2 395.9 371.8 352.9 346.7 317.8 311.3 306.3 305.3 298.7 301.2 311.2 210.1 382.7 388.5 375.7
Operating Income
Operating Income 793 634 511 678 672 633 686 649 669 557 667 661 680 544 603 534 534 417 438 334 358 275 380 205 159 181 338 380 363 290 189.1 344.0 334.8 239.9 281.2 232.1 295.5 174.2 322.6 305.6 317.1 251.6 340.7 356.7 351.2 266.5 385.5 340.8 354.3 256.8 346.7 350.1 343.3 258.4 254.3 314 304.4 221.5 303.0 265.3 262.6 211.4 251.3 214.9 182.9 165.4 186.7 153.9 159.2 180.6 231.5 184.8 185.8 167.2 174.3 166.6 162.6 147.8 151.3 144.5 134.4 147.8 135.6 127.0 108.7 124.4 107.4 106.9 100.7 108.8 92.8 108.7 94.3 105.8 53.7 83.7 95.9 91.6 72.9 74.8
Interest Expense 21 20 20 20 21 17 19 20 21 23 22 24 24 23 25 22 23 22 22 22 21 21 23 28 21 19 21 22 21 18.1 22 23 25 21.8 23.8 22.5 18.7 17.8 18.0 16.8 13.7 13.9 13.9 4.2 1.6 2.1 2.4 2.8 2.9 3.1 3.7 3.2 3.2 5.4 4.8 2.9 3.1 2.7 2.6 2.0 1.9 2.0 2.0 2.2 2.0 2.0 2.2 2.3 2.2 6.9 2.8 0.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.3 0 2.9 2.3 0.9 70.5 8.9 11.1 7.6 0 5.5
Interest Income 0 0 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 1 2 2.4 2 2 0 1.2 0.7 0.5 0.2 0.2 0.1 0.2 0.2 0.2 0.5 0.3 0.2 0.4 0.6 0.4 0.6 0.7 0.8 0.8 0.9 0.8 0.7 0.6 0.6 0.5 0.6 0.5 0.5 0.4 0.3 0.3 0.2 0.3 0.4 0.3 0.4 0 1.6 1.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.3 0 0 0.9 0 0 0 0 0 0 0
Profitability
EBITDA 855 704 577 745 739 701 749 716 732 621 730 724 737 607 664 594 592 471 489 390 407 325 427 262 208 243 401 444 429 362 257.2 410.1 395.6 299.0 337.9 293.0 349.9 234.5 375.1 357.0 367.6 312.6 390.6 407.4 401.7 324.4 439.0 389.2 400.3 311.9 392.9 392.6 384.0 304.9 295.4 350.4 342.2 274.4 340.6 299.3 295.6 252.6 289.1 251.1 218.9 209.3 271.2 188.8 194.3 224.4 231.5 184.8 185.8 205.6 174.3 166.6 162.6 182.0 151.3 144.5 134.4 177.2 162.4 152.6 108.7 146.1 107.4 106.9 100.7 126.8 92.8 129.3 94.3 132.0 119.5 109.2 120.1 118.3 99.9 103.7
EBIT 793 640 512 681 678 639 690 656 676 564 674 669 686 548 612 539 540 423 444 341 364 280 385 212 163 185 342 387 370 297 193.4 346.3 331.7 229.3 273.8 229.7 289.4 163.1 311.2 299.8 311.3 248.8 333.3 352.9 349.3 263.8 385.0 341.2 354.5 257.4 347.6 350.7 345.1 259.2 255.5 313.6 305.6 228.7 303.0 265.8 263.0 212.1 251.8 215.0 183.0 165.9 235.6 153.9 160.7 185.6 231.5 184.8 185.8 167.2 174.3 166.6 162.6 147.8 151.3 144.5 134.4 147.8 135.9 126.2 108.7 124.2 107.4 106.9 100.7 108.2 92.8 106.8 94.3 104.9 93.7 83.7 95.9 91.6 72.9 74.8
Income Before Tax 775 620 492 661 657 622 671 636 655 541 652 645 662 525 587 517 517 401 422 319 343 259 362 184 142 170 322 366 351 279 171.0 323.4 307.0 207.5 250.0 207.2 270.7 145.3 293.2 283.0 297.6 234.9 319.4 348.7 347.6 261.7 382.6 338.4 351.6 254.3 343.9 347.5 341.9 253.8 250.7 310.7 302.5 226.1 300.5 263.8 261.2 210.1 249.8 212.8 181.0 163.8 233.4 151.6 158.5 173.6 228.7 184.4 186.5 168.7 177.2 170.3 165.7 153.0 156.8 152.9 140.4 149.0 139.4 129.0 115.3 127.8 108.9 107.4 101.1 104.4 93.8 105.8 92.0 104.9 23.2 74.8 84.8 84.0 93.5 69.3
Income Tax Expense 194 141 171 153 157 125 166 146 158 129 159 155 154 128 145 128 132 100 107 76 88 74 106 55 (43) 53 78 94 89 60 56.0 75.6 66.2 45.6 79.2 100.2 87.8 77.0 99.8 103.5 105.9 85.8 122.8 123.5 133.5 110.6 149.6 129.3 132.6 94.9 130.8 126.8 127.4 95.3 92.9 117.6 113.1 74.4 116.4 92.3 102.1 76.9 98.5 83.1 81.6 66.5 88.9 59.2 62.1 65.7 88.7 71.2 72.3 64.3 68.0 65.5 63.9 54.0 52.3 59.1 54.1 45.2 51.3 47.4 42.5 37.7 41.2 40.7 38.6 42.7 37.8 43.3 37.5 43.4 8.3 32.6 36.9 35.9 37.9 28.1
Net Income 555 451 294 482 479 475 486 470 478 395 476 470 488 384 426 371 366 283 297 225 238 168 240 114 173 103 233 260 253 209 104.4 237.0 231.5 151.1 162.0 97.9 174.7 60.7 185.9 172.7 186.7 145.2 192.2 220.5 211.0 148.8 230.3 205.9 216.7 156.7 210.8 217.7 211.8 156.3 155.4 190.7 187.5 148.5 182.1 169.9 157.9 132.2 150.4 129.1 99.2 97.1 144.6 92.5 96.4 107.9 140.0 113.2 114.2 104.4 109.2 104.8 101.8 98.9 104.5 93.7 86.2 103.8 88.1 81.6 72.8 90.1 67.7 66.6 62.6 61.7 56.0 62.6 54.5 61.5 14.8 42.2 47.9 48.1 55.7 41.2
Per Share Data
EPS (Basic) 11.73 9.45 6.10 10.04 9.88 9.74 9.96 9.59 9.72 7.98 9.54 9.38 9.72 7.58 8.39 7.22 7.16 5.47 5.68 4.30 4.51 3.14 4.43 2.11 3.20 1.89 4.27 4.69 4.50 3.71 1.84 4.19 4.09 2.64 2.80 1.68 2.95 1.02 3.07 2.81 3.00 2.32 2.94 3.28 3.11 2.17 3.33 2.97 3.11 2.24 2.99 3.08 2.99 2.21 2.19 2.68 2.63 2.12 2.56 2.39 2.23 1.90 2.10 1.76 1.34 1.34 1.91 1.23 1.27 1.45 1.84 1.48 1.47 1.34 1.33 1.25 1.21 1.18 1.20 1.05 0.96 1.16 0.98 0.91 0.81 1.00 0.75 0.74 0.69 0.68 0.61 0.69 0.59 0.66 0.16 0.45 0.52 0.52 0.60 0.44
EPS (Diluted) 11.65 9.44 6.09 10.02 9.86 9.71 9.94 9.55 9.68 7.95 9.50 9.34 9.66 7.53 8.34 7.19 7.12 5.44 5.65 4.27 4.48 3.12 4.41 2.10 3.19 1.88 4.25 4.67 4.48 3.68 1.82 4.16 4.07 2.63 2.79 1.67 2.93 1.01 3.05 2.79 2.98 2.30 2.92 3.25 3.07 2.14 3.30 2.94 3.07 2.20 2.95 3.03 2.94 2.17 2.15 2.63 2.57 2.12 2.51 2.34 2.18 1.90 2.06 1.73 1.31 1.34 1.88 1.21 1.25 1.45 1.79 1.43 1.43 1.34 1.29 1.21 1.17 1.18 1.16 1.02 0.93 1.16 0.97 0.89 0.79 1.00 0.74 0.72 0.69 0.68 0.60 0.69 0.57 0.66 0.15 0.45 0.52 0.51 0.59 0.44
Shares Outstanding 47.3 47.5 48 48.1 48.2 48.6 48.8 49 49.2 49.5 49.9 50.1 50.2 50.4 50.8 51 51.1 51.4 51.8 52.2 52.3 53.3 53.6 53.5 53.6 53.8 54.1 55.1 55.6 56.1 56.3 56.1 56.1 56.7 57.3 58.0 58.7 59.2 60.0 60.9 61.7 62.1 64.7 66.7 67.2 67.9 68.3 68.5 68.7 69.1 69.5 69.7 69.6 69.6 69.6 69.9 70.1 69.9 69.8 69.6 69.4 69.2 69.9 71.7 72.6 72.6 74.0 73.4 74.3 74.3 76.0 76.5 77.9 77.9 82.2 84.1 84.0 84.0 87.3 89.3 89.6 89.3 89.1 89.5 90.4 90.1 90.3 90.2 90.2 90.2 90.8 90.7 92.8 92.6 93.8 93.0 92.9 93.1 93.1 92.9
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 695 585 535 597 666 1,036 1,448 769 804 660 601 515 461 325 315 262 364 241 328 547 562 585 859 1,603 1,492 360 286 315 392 538 516.9 312.5 302.0 326.9 284.6 275.1 238.8 274.1 286.0 316.0 279.9 388.1 548.5 459.9 416.3 257.6 89.4 486.1 434.7 402.8 186.7 218.6 208.5 218.5 138.5 66.3 69.0 63.4 72.3 57.1 64.7 62.7 47.6 45.5 36.9 43.1 46.1 49 36 46.9 57.5 31.7 101.7 126.9 131.6 94.4 43.6 11.5 22.9 16.2 14.1 15.3 12.1 12.5 14.2 2.6 5.5 2.7 36.4
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 19.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 2,627 2,329 2,408 2,472 2,369 2,232 2,346 2,344 2,330 2,192 2,444 2,418 2,294 2,133 2,158 2,099 2,001 1,754 1,742 1,634 1,576 1,474 1,485 1,460 1,613 1,425 1,495 1,503 1,485 1,385 1,481.3 1,462.6 1,428.2 1,325.2 1,373.3 1,369.6 1,325.2 1,223.1 1,326.4 1,310.4 1,304.6 725.2 688.6 624.9 582.4 559.3 674.8 484.5 473.0 431.9 464.5 455.0 423.2 479.7 548.3 606.4 595.1 608.3 651.7 654.6 601.0 561.8 565.5 562.6 508.1 463.4 496.6 515.8 482.5 455.5 493.6 497.8 465.8 433.6 419 432.2 388.6 369.6 394.4 388.2 365.5 345.8 357.5 372.8 323.6 299.9 316 309.9 273.8
Inventory 2,385 2,394 2,275 2,357 2,309 2,306 2,170 2,169 2,178 2,266 2,196 2,223 2,252 2,253 2,071 1,990 1,929 1,870 1,786 1,707 1,675 1,733 1,780 1,695 1,615 1,655 1,520 1,535 1,523 1,541 1,473.1 1,464.2 1,434.6 1,429.2 1,392.0 1,397.8 1,388.1 1,406.5 1,381.5 1,418.7 1,420.9 867.3 852.5 889.7 899.8 956.6 889.2 654.7 654.1 661.2 747.1 706.0 721.2 646.5 630.4 665.2 685.8 704.1 754.5 771.1 773.2 762.5 699.3 691.5 646.6 626.7 570.3 584.1 606.2 612.1 576.5 587.4 627.7 686.9 565.9 545.8 559 602.6 597.9 607.5 535.5 520 527.1 498.1 481.6 466.2 448.8 433.2 419.6
Other Current Assets 200 176 256 224 186 163 219 239 228 156 171 187 183 266 0 0 0 0 0 0 0 0 120 127 129 104 86 92 102 83 93.6 106.7 116.3 87 84.5 106.7 110.4 81.8 91.5 103.9 102.4 43.0 42.5 42.0 54.0 54.6 53.7 104.8 101.4 99.5 101.1 98.0 95.3 101.0 92.8 98.2 82.9 107.2 102.3 107.0 104.8 84.1 80.4 85.2 89.2 73.2 73.8 75.4 73.3 68.5 75.2 79 79.1 72.8 73.5 82.1 85.8 79 83.5 81.7 82.9 82.5 61.9 54.8 57.5 55.2 50.1 45.8 49.3
Total Current Assets 5,907 5,484 5,474 5,650 5,530 5,737 6,183 5,521 5,540 5,274 5,412 5,343 5,190 4,977 4,686 4,513 4,439 4,011 4,005 4,057 3,934 3,919 4,273 4,918 4,914 3,555 3,396 3,456 3,508 3,557 3,583.3 3,373.0 3,307.2 3,206.0 3,175.1 3,186.3 3,096.2 3,020.2 3,129.2 3,224.8 3,139.0 2,122.4 2,227.8 2,131.5 2,025.0 1,904.3 1,778.7 1,780.3 1,715.7 1,633.4 1,550.1 1,530.3 1,484.9 1,479.3 1,458.0 1,491.4 1,488.5 1,483.0 1,580.8 1,589.8 1,543.7 1,471.1 1,392.8 1,384.8 1,280.8 1,206.4 1,186.8 1,224.3 1,198 1,183 1,202.8 1,195.9 1,274.3 1,320.2 1,190 1,154.5 1,077 1,062.7 1,098.7 1,093.6 998 963.6 958.6 938.2 876.9 823.9 820.4 791.6 779.1
Non-Current Assets
Property, Plant & Equipment 2,701 2,613 2,557 2,462 2,340 2,298 2,146 2,063 2,075 2,087 1,956 1,913 1,854 1,828 1,769 1,775 1,795 1,817 1,429 1,436 1,441 1,605 1,394 1,365 1,357 1,400 1,384 1,380 1,358 1,352 1,348.9 1,359.9 1,370.1 1,392.0 1,395.9 1,392.2 1,410.3 1,420.9 1,436.9 1,418.7 1,442.2 934.7 939.4 953.3 928.8 927.7 860.6 717.2 718.9 732.0 731.1 738.7 736.8 723.8 672.1 676.1 673.5 676.4 668.7 679.7 688.0 697.8 685.5 693.5 680.6 660.5 634.6 616.8 601.9 592.9 574.3 561.5 552.1 551 507.1 510.4 513.2 518.4 503.7 491.6 476.3 469.1 441.9 426.6 416.1 409.4 390.6 370.7 356.9
Goodwill 358 360 361 365 356 355 366 360 364 370 364 368 370 371 363 374 384 384 387 390 388 391 369 365 361 429 425 429 425 424 429.8 535.1 549.4 543.9 543.2 536.6 533.0 527.1 594.5 590.1 595.5 379.1 356.2 351.2 218.8 209.2 232.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 268 265 264 267 249 243 247 237 236 234 238 237 234 232 222 227 229 238 233 232 224 228 224 223 226 304 422 437 446 460 479.5 533.6 570.1 569.1 582.3 592.5 587.4 586.1 420.1 437.5 458.2 208.2 212.2 207.4 102.7 104.5 0 153.2 155.0 167.7 218.1 120.7 118.7 118.0 0 0 0 159.2 0 0 0 173.3 0 0 0 180.6 0 0 0 206.8 0 0 0 229.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-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 3.1 3.5 3.5 19.6 19.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Non-Current Assets 239 240 192 193 183 196 172 171 185 182 170 170 177 180 161 160 146 142 336 347 346 138 312 313 309 306 282 277 263 68 69.9 75.3 642.9 71 72.5 75.0 76.0 75.1 267.3 266.2 263.7 0 0 0 0 0 127.5 84.0 80.1 82.7 19.8 79.4 76.5 84.4 243.5 265.2 283.0 141.0 305.6 303.4 380.8 222.6 271.1 263.1 240.7 56.5 230.2 230.5 237.9 15.1 231.5 236.3 238.9 17.9 77 80.4 84.3 88.1 92.2 95.4 98.2 102.1 130.2 134.5 139 143.4 147.9 152.7 158.2
Total Non-Current Assets 3,566 3,478 3,374 3,287 3,128 3,092 2,931 2,831 2,860 2,873 2,728 2,688 2,635 2,611 2,515 2,536 2,554 2,581 2,385 2,405 2,399 2,376 2,310 2,276 2,263 2,450 2,526 2,536 2,506 2,316 2,348.8 2,531.6 2,595.6 2,598.3 2,650 2,675.5 2,686.4 2,674.1 2,756.3 2,740.0 2,825.9 1,609.5 1,583.0 1,594.8 1,380.7 1,366.2 1,281.2 972.7 969.9 991.3 993.7 962.4 952.5 937.7 921.6 946.4 963.8 976.6 974.2 983.1 1,068.8 1,093.7 956.6 956.6 921.3 897.5 864.8 847.3 839.8 814.8 805.8 797.8 791 798.8 584.1 590.8 597.5 606.5 595.9 587 574.5 571.2 572.1 561.1 555.1 552.8 538.5 523.4 515.1
Total Assets 9,473 8,962 8,848 8,937 8,658 8,829 9,114 8,352 8,400 8,147 8,140 8,031 7,825 7,588 7,201 7,049 6,993 6,592 6,390 6,462 6,333 6,295 6,583 7,194 7,177 6,005 5,922 5,992 6,014 5,873 5,932.2 5,904.6 5,902.8 5,804.3 5,825.1 5,861.9 5,782.5 5,694.3 5,885.5 5,964.8 5,964.8 3,731.9 3,810.8 3,726.3 3,405.8 3,270.5 3,059.9 2,753.0 2,685.6 2,624.7 2,543.8 2,492.7 2,437.4 2,417.0 2,379.7 2,437.8 2,452.4 2,459.6 2,555.0 2,572.9 2,612.5 2,564.8 2,349.4 2,341.4 2,202.1 2,103.9 2,051.6 2,071.6 2,037.8 1,997.8 2,008.6 1,993.7 2,065.3 2,119 1,774.1 1,745.3 1,674.5 1,669.2 1,694.6 1,680.6 1,572.5 1,534.8 1,530.7 1,499.3 1,432 1,376.7 1,358.9 1,315 1,294.2
Current Liabilities
Account Payables 1,220 963 1,123 1,204 1,114 952 1,046 1,106 1,133 954 1,067 1,158 1,074 1,047 1,038 1,054 1,038 816 933 954 887 779 836 770 863 719 723 780 741 678 730.2 735.3 748.4 731.6 713.5 692.7 672.5 650.1 623.7 628.7 620.4 347.5 314.0 300.8 255.4 254.3 377.3 314.8 312.3 257.8 314.5 301.3 290.8 333.2 285.0 299.3 255.7 220.9 271.7 334.7 295.2 260.1 306.1 331.4 307.4 287.1 279.3 282.9 274.9 261.8 269.1 243.1 253.9 240.8 233.9 259.4 206 204.9 208.9 249.2 229.7 226.5 235.1 217.5 201.1 178.1 181.6 187.5 160.4
Short-Term Debt 73 199 2 2 3 499 497 505 501 34 34 33 37 35 16 17 0 0 0 0 7 8 12 36 38 301 270 132 134 130 86.4 84.4 167.9 95 53.2 158.3 441.6 406.1 404.2 505.5 705.2 95.6 92.5 87.9 67.6 50.4 148.8 140.2 142.6 144.1 6.5 9.3 9.5 14.0 26.9 119.3 138.1 196.3 281.6 303.8 311.2 324.5 244.7 270.2 176.8 110.9 67.8 28.9 30.6 26.8 157.3 233.9 158.1 160 27.8 28 26.3 46.8 133.4 151.7 61.3 37.5 61.5 91.3 59.6 56 82 42.7 25.7
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 423 386 379 260 272 324 306 254 235 327 297 254 230 334 307 282 222 319 259 285 219 307 249 245 196 313 240 229 173 395 309.2 294.2 210.9 347 258.5 246.0 168.2 267.5 228.9 239.4 230.1 0 0 0 0 0 11.5 29.6 73.0 43.7 34.8 65.3 37.9 25.8 21.7 (6.1) 46.2 330.1 329.6 278.0 296.4 285.9 243.8 221.2 243.3 266.5 239.8 223.4 229.5 245.3 216 191.5 207.8 215.3 176.6 159 178.9 192.4 172.7 139.7 169.7 195.1 142.8 131.3 143.9 147.3 134.8 111 120.1
Total Current Liabilities 2,199 1,940 2,015 2,002 2,017 2,305 2,383 2,397 2,528 1,831 1,898 1,920 1,924 2,010 1,785 1,750 1,742 1,528 1,550 1,589 1,531 1,441 1,441 1,388 1,500 1,678 1,572 1,452 1,462 1,501 1,467.3 1,424.5 1,504.3 1,506.7 1,392.5 1,410.6 1,688.4 1,628.9 1,536.3 1,641.3 1,880.4 798.5 733.9 776.8 581.6 570.8 877.5 736.9 751.0 706.6 576.6 580.0 586.3 623.7 638.9 692.5 711.6 747.3 882.9 916.5 902.8 870.5 794.6 822.8 727.5 664.5 586.9 535.2 535 533.9 642.4 668.5 619.8 616.1 438.3 446.4 411.2 444.1 515 540.6 460.7 459.1 439.4 440.1 404.6 381.4 398.4 341.2 306.2
Non-Current Liabilities
Long-Term Debt 2,409 2,663 2,367 2,341 2,278 2,279 2,279 1,783 1,783 2,266 2,260 2,275 2,278 2,284 2,294 2,309 2,338 2,362 2,372 2,375 2,373 2,389 2,388 3,301 3,303 1,914 1,918 2,080 2,077 2,090 2,148.4 2,210.4 2,244.4 2,248 2,270.0 2,267.9 1,847.7 1,840.9 1,874.1 1,765.8 1,387.1 412.7 425 437.5 467.4 479.9 4.9 4.9 4.9 4.9 139.2 127.6 119.7 118.6 119.1 124.0 119.4 125.3 120.1 121.9 124.5 124.9 127.8 127.4 124.6 122.9 122.8 128 132.1 131.2 5.1 5.1 5.6 6.2 6.7 7.2 8.2 8.7 4.4 1 1 1 6 6 6 6.2 6.3 6.3 6.4
Deferred Tax Liabilities 128 121 135 102 97 101 125 117 101 104 135 131 129 121 135 131 126 121 88 88 87 110 112 103 99 106 120 115 101 103 115.6 117.2 121.8 111 135.1 135.3 134.0 126.1 132.8 135.9 158.2 64.3 62.6 62.2 35.9 34.0 24.6 0 0 0 0 0 0 0 0 0 0 0 0.0 6.0 41.4 48.1 0 0 0 0 0.3 0.7 2.5 2.9 3.7 3.3 0.1 2.2 1.9 4.3 6.4 8.5 9.1 11.7 13.2 15.2 17.5 19.1 21 23 28.8 34.3 36.5
Other Non-Current Liabilities 95 (204) 95 104 99 114 118 116 120 124 104 103 109 120 120 112 114 87 263 269 262 100 267 250 245 247 240 231 222 86 100.8 102.2 106.4 110 126.3 200.0 195.9 192.6 181.3 179.1 174.8 236.2 230.6 222.6 210.2 199.0 168.7 74.7 71.6 68.0 71.0 67.6 63.8 63.2 53.6 52.2 50.7 49.5 42.2 42.1 41.4 40.8 41.4 39.8 38.5 37.9 39.1 38.1 36.4 35.1 35.3 34.3 33.1 31.8 31.5 30.6 29.7 28.8 29.9 28.8 27.7 26.7 27.2 26.6 25.6 24.2 17.7 17 16.5
Total Non-Current Liabilities 2,931 2,881 2,872 2,852 2,794 2,821 2,875 2,368 2,363 2,875 2,860 2,884 2,856 2,843 2,854 2,834 2,881 2,904 2,723 2,732 2,722 2,761 2,767 3,654 3,647 2,267 2,278 2,426 2,400 2,279 2,364.8 2,429.8 2,472.6 2,469.9 2,531.5 2,603.1 2,177.6 2,159.6 2,188.2 2,080.9 1,720.2 713.2 718.2 722.3 713.5 712.8 198.2 79.6 76.5 72.9 210.1 195.1 183.5 181.8 172.7 176.2 170.1 174.8 162.3 170.0 207.3 213.8 169.2 167.2 163.1 160.7 162.2 166.8 171 169.2 44.1 42.7 38.8 40.2 40.1 42.1 44.3 46 43.4 41.5 41.9 42.9 50.7 51.7 52.6 53.4 52.8 57.6 59.4
Total Liabilities 5,130 4,821 4,887 4,854 4,811 5,126 5,258 4,765 4,891 4,706 4,758 4,804 4,780 4,853 4,639 4,584 4,623 4,432 4,273 4,321 4,253 4,202 4,208 5,042 5,147 3,945 3,850 3,878 3,862 3,780 3,832.1 3,854.3 3,976.9 3,976.5 3,924.0 4,013.7 3,866.0 3,788.5 3,724.5 3,722.2 3,600.6 1,511.7 1,452.1 1,499.1 1,295.1 1,283.6 1,075.7 816.5 827.5 779.5 786.7 775.1 769.8 805.5 811.7 868.7 881.7 922.1 1,045.1 1,086.5 1,110.1 1,084.3 963.8 990 890.6 825.2 749.1 702 706 703.1 686.5 711.2 658.6 656.3 478.4 488.5 455.5 490.1 558.4 582.1 502.6 502 490.1 491.8 457.2 434.8 451.2 398.8 365.6
Stockholders' Equity
Common Stock 55 0 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 55 54.8 54.8 54.8 55 54.8 54.8 54.8 54.8 54.8 54.8 54.8 54.8 54.8 54.8 54.8 54.8 54.8 54.9 54.7 54.7 54.6 54.5 54.5 54.4 54.2 54.2 54.1 54.0 54.0 54.0 53.9 53.7 53.7 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
Retained Earnings 15,405 0 14,615 14,429 14,057 13,677 13,302 12,917 12,548 12,162 11,859 11,477 11,101 10,700 10,402 10,066 9,782 9,500 9,301 9,089 8,948 8,779 8,694 8,536 8,500 8,405 8,380 8,226 8,045 7,869 7,751.7 7,724.6 7,564.3 7,405 7,327.1 7,239.2 7,216.0 7,113.6 7,125.7 7,013.7 6,916.0 4,121.2 4,031.6 3,966.5 3,794.4 3,736.5 3,239.4 2,336.9 2,288.5 2,242.8 2,158 2,119.0 2,083.1 2,037.0 1,892.8 1,853.3 1,855.1 1,837.3 1,805.3 1,773.2 1,733.5 1,707.3 1,694 1,663.2 1,627.6 1,585.3 1,533.6 1,492.1 1,447.5 1,403.5 1,353.7 1,310.6 1,267 1,225.6 1,181.8 1,142.3 1,105.6 1,067.1 1,027.7 990.2 962.4 925.7 934.9 902 869.8 837.4 805 812.3 823.7
Accumulated Other Comprehensive Income (181) 0 (219) (199) (255) (274) (210) (248) (207) (172) (219) (184) (176) (180) (225) (165) (109) (96) (94) (74) (81) (61) (134) (151) (217) (154) (174) (156) (168) (171) (164.9) (167.1) (122.4) (135) (134.0) (203.6) (249.9) (272.3) (208.1) (192.3) (176.0) 11.0 31.5 12.4 (20.6) (54.6) (2.8) (20.7) (9.7) (8.9) (22.7) (39.0) (52.9) (57.4) (61.0) (43.8) (63.8) (41.6) (38.6) (27.2) 39.3 52.2 (29.7) 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
Total Stockholders' Equity 3,930 4,141 3,561 3,674 3,480 3,358 3,503 3,277 3,199 3,115 3,090 2,935 2,735 2,440 2,308 2,201 2,081 1,874 1,827 1,868 1,816 1,828 2,131 1,929 1,810 1,855 1,871 1,923 1,971 1,921 1,937.7 1,894.1 1,770.6 1,690 1,767.5 1,723.3 1,794.8 1,797.9 2,042.7 2,133.9 2,267.3 2,144.8 2,295.1 2,163.7 2,110.7 1,986.9 1,984.2 1,936.6 1,858.1 1,845.1 1,757.1 1,717.6 1,667.7 1,611.5 1,567.9 1,569.1 1,570.6 1,537.4 1,509.8 1,486.4 1,502.4 1,480.5 1,385.6 1,351.4 1,311.5 1,278.7 1,302.5 1,369.6 1,331.8 1,294.7 1,322.1 1,282.5 1,406.7 1,462.7 1,295.7 1,256.8 1,219 1,179.1 1,136.2 1,098.5 1,069.9 1,032.8 1,040.6 1,007.5 974.8 941.9 907.7 916.2 928.6
Total Liabilities & Equity 9,473 8,962 8,848 8,937 8,658 8,829 9,114 8,352 8,400 8,147 8,140 8,031 7,825 7,588 7,201 7,049 6,993 6,592 6,390 6,462 6,333 6,295 6,583 7,194 7,177 6,005 5,922 5,992 6,014 5,873 5,932.2 5,904.6 5,902.8 5,804 5,825.1 5,861.9 5,782.5 5,694.3 5,885.5 5,964.8 5,964.8 3,731.9 3,810.8 3,726.3 3,405.8 3,270.5 3,059.9 2,753.0 2,685.6 2,624.7 2,543.8 2,492.7 2,437.4 2,417.0 2,379.7 2,437.8 2,452.4 2,459.6 2,555.0 2,572.9 2,612.5 2,564.8 2,349.4 2,341.4 2,202.1 2,104 2,051.6 2,071.6 2,037.8 1,997.8 2,008.6 1,993.7 2,065.3 2,119 1,774.1 1,745.3 1,674.5 1,669.2 1,694.6 1,680.6 1,572.5 1,534.8 1,530.7 1,499.3 1,432 1,376.7 1,358.9 1,315 1,294.2
Debt Metrics
Total Debt 2,781 3,163 2,720 2,729 2,679 3,183 3,207 2,712 2,714 2,752 2,728 2,757 2,720 2,705 2,682 2,676 2,708 2,762 2,372 2,375 2,380 2,616 2,400 3,337 3,341 2,215 2,188 2,212 2,211 2,220 2,234.8 2,294.8 2,412.3 2,342.3 2,323.2 2,426.2 2,289.3 2,247.1 2,278.3 2,271.3 2,092.3 508.4 517.5 525.4 535.0 530.3 153.7 145.1 147.5 149.0 145.6 136.9 129.2 132.6 146.0 243.3 257.4 321.6 401.6 425.8 435.7 449.4 372.5 397.6 301.4 233.8 190.6 156.9 162.7 158 162.4 239 163.7 166.2 34.5 35.2 34.5 55.5 137.8 152.7 62.3 38.5 67.5 97.3 65.6 62.2 88.3 49 32.1
Net Debt 2,086 2,578 2,185 2,132 2,013 2,147 1,759 1,943 1,910 2,092 2,127 2,242 2,259 2,380 2,367 2,414 2,344 2,521 2,044 1,828 1,818 2,031 1,541 1,734 1,849 1,855 1,902 1,897 1,819 1,682 1,718.0 1,982.3 2,110.3 2,015.5 2,038.6 2,151.1 2,050.5 1,972.9 1,992.3 1,955.3 1,812.4 120.3 (30.9) 65.5 118.7 272.7 64.3 (341.0) (287.3) (253.8) (41.1) (81.7) (79.4) (85.9) 7.5 177.0 188.4 258.2 329.4 368.6 371.0 386.7 324.9 352.1 264.5 190.7 144.5 107.9 126.7 111.1 104.9 207.3 62 39.3 (97.1) (59.2) (9.1) 44 114.9 136.5 48.2 23.2 55.4 84.8 51.4 59.6 82.8 46.3 (4.3)
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 581 479 196 508 500 497 505 490 497 412 493 490 508 397 442 389 385 301 315 243 255 185 256 129 185 117 244 272 262 219.4 115 248 241 161.8 170.8 107.0 182.9 68.3 193.4 179.4 191.6 88.1 81.6 72.8 66.6 62.6 61.7 56.8 56.0 52.4 62.6 60.0 30.6 58.5 61.5 56.0 14.8 47.9 48.1 55.7 41.2 28.1 45.8 50.5 56.3 66 56.1 59.2 57.2 63.2 56.4 57.6 54.6 56.6 52.2 49.6 50.1 51.2 49.1 39.5 46.9 1 43 42.4 41.5 41 38.7 35.5 34.1
Depreciation & Amortization 62 64 65 64 61 62 59 60 56 52 55 52 50 58 52 55 52 48 45 49 43 45 42 50 45 58 58 56 57 65.4 64 64 64 69.7 66.1 65.9 62.2 71.5 63.9 57.2 56.3 26.6 26.4 26.4 24.3 26.4 18.6 22.2 24.6 24.9 22.5 23.2 23.6 24.2 27.1 24.8 25.8 24.3 26.7 27.0 29.0 23.5 25.9 24.6 24.2 13.7 21 22.2 22 19.3 18.9 20.6 20.9 19 17.1 18.4 19.8 16.5 16.5 18.8 19.1 27.1 4.6 17.8 17.2 12.6 15.8 20.4 10.4
Stock-Based Compensation 14 15 14 23 12 14 14 23 11 13 18 19 12 10 11 18 9 9 8 17 8 10 10 17 9 8 9 18 5 11 8.4 16.2 11.7 5.5 7.1 13.3 6.8 8.2 6.4 13.7 7.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 48 (165) (63) (250) 50 (141) (2) (205) 72 51 (66) (144) (147) (91) (134) (226) (114) (182) (213) (48) 0 94 (4) (86) (174) (23) 1 (38) (195) 7.7 14 (81) (177) 75.6 97.0 (38.4) (64.9) 153.5 47.8 (52.3) (109.9) 47.1 (15.5) (100.2) (25.0) (4.2) 65.7 55.0 (33.3) (31.6) (57.8) 72.2 (33.5) (14.8) 14.2 130.6 8.0 38.0 (6.3) (16.6) (24.1) (66.7) (11) (93.5) (86.3) 11 45.4 (12.6) (30.3) 29.8 65.8 (20.5) 24.9 (17.7) (10.7) 2.9 2.6 39.3 (13.3) (100.3) (59.5) 26.2 7.1 (60.4) (22.7) 12.5 (8.4) (28.6) (8)
Other Non-Cash Items 34 2 385 27 27 28 26 26 27 105 20 26 21 (2) 4 6 4 3 5 5 (1) 16 (2) 115 186 127 1 (1) 2 13.7 140 (4) 9 12.8 15.5 43.1 1.6 61.3 14.6 0.9 (5.9) 6.1 5.2 0.5 9.6 6.5 8.4 3.0 (2.0) 6.4 4.5 8.7 15.6 1.2 9.2 10.5 41.7 12.4 9.5 (21.1) 3.6 3.3 2.7 4.5 3.1 0.8 3.5 3.9 3.4 1.7 3.4 3.6 3.7 1.1 2.4 4.3 3.6 (0.8) 8.8 (2.5) 2.5 58 15 2.8 2.6 3.1 2.5 (6.6) 5.1
Operating Cash Flow 739 395 597 377 646 428 611 411 661 604 523 450 454 360 380 250 343 213 161 269 294 336 311 232 244 272 320 323 127 314 367.1 248.0 146.9 335.7 348.7 191.2 180.9 332.6 344.0 172.7 153.7 169.0 101.9 12.7 67.3 92.8 161.0 138.4 45.0 49.7 28.7 166.3 39.4 69.0 115.7 226.0 75.3 113.2 79.4 38.6 46.6 (11.9) 63.3 (18.4) (3.3) 87.3 125 72.1 50.2 113.8 146.9 63.9 101.5 59.7 61.8 75.1 74.8 106.7 58 (45.6) 7.2 87 67.9 0.3 36.2 58.5 41.7 20.7 41.6
Investing Activities
Capital Expenditure (170) (126) (258) (175) (125) (258) (88) (76) (119) (127) (125) (95) (98) (48) (45) (106) (57) (58) (50) (74) (73) (45) (59) (43) (50) (58) (56) (47) (60) (70) (65.8) (53.9) (49.1) (46.1) (60.0) (52.4) (78.8) (70.6) (107.9) (53.9) (51.8) (26.4) (28.7) (16.9) (19.9) (9.8) (28.5) (19.5) (6.3) (19.7) (41.3) (43.3) (31.3) (18.1) (41.1) (22.5) (21.5) (59.5) (11.2) (2.9) (21.3) (33.6) (11.4) (31.1) (38) (42.3) (32.6) (11.2) (44.1) (37.4) (28) (25.1) (17.8) (27.8) (10.5) (12.5) (11.3) (33) (26.3) (30.4) (22.2) (48.6) (28.8) (23.9) (19.1) (28.8) (30.9) (24.1) (14.6)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 (1.1) 2 (6) (8) (12.3) (9.1) (6.2) (7.1) (14.8) (9.0) (3.1) (7.2) 0.1 0 (24.8) 0 0 (0.0) 0.0 0 0 0 0 0 0 0 0 (1.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of 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 3.6 0 0 (3.6) 0 0 0 0 0 0 0 0 (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (5.4) 5.4 0.0 0 0 0 0 16.0 0.5 0 0 0.9 17.3 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
Other Investing Activities (8) 24 (2) 17 0 0 3 17 1 12 9 0 2 (3) 5 (9) 0 12 0 2 15 (2) 9 13 (2) 1 2 8 6 10.4 33 17 26 12.0 44.4 21.3 48.3 8.6 5.0 28.9 13.6 (11.5) (8.7) (10.7) (4.8) (0.5) 12.7 (6.3) (37.7) (1.8) 20.5 (1.3) (1.4) (5.5) 2.9 3.9 (0.4) 35.3 3.5 (11.7) (10.4) (0.6) (9.1) (21.1) (4.5) (0.5) (17.1) (8.5) (20) 3.2 1.4 (1.7) 2.3 (127.7) (0.7) (0.6) 0 5.5 1.1 (1.3) 0 2.4 0.3 (0.1) (0.2) 0.8 0.1 0.7 (0.2)
Investing Cash Flow (178) (102) (260) (158) (125) (258) (85) (59) (118) (115) (116) (95) (96) (51) (40) (115) (57) (46) (50) (72) (58) (47) (50) (30) (52) (57) (54) (39) (52) (61) (31.4) (42.5) (31.3) (46.4) (24.8) (37.3) (37.5) (76.9) (111.9) (28.1) (45.4) (37.7) (37.4) (52.4) (24.7) (10.2) (15.8) (20.4) (44.0) (25.1) (20.9) (44.6) (32.6) (7.6) (37.7) (18.6) (23.1) (23.3) (24.6) (23.5) (22.8) (34.2) (20.5) (52.2) (42.5) (42.8) (49.7) (40.6) (43.2) (34.2) (27.1) (26.3) (15.5) (155.5) (11.2) (13.1) (11.3) (27.5) (25.2) (31.7) (22.2) (46.2) (28.5) (24) (19.3) (28) (30.8) (23.4) (14.8)
Financing Activities
Net Debt Issuance (76) 123 27 61 (501) (1) 479 2 (16) 0 (18) 0 (12) 15 1 0 0 0 0 (8) 0 (8) (946) (4) 1,119 7 (13) (20) (11) (7.7) (57) (91) 55 (9.5) (117.7) 117.0 33.3 (0.8) 10.6 191.5 90.8 0 0 0 (0.0) (0.0) (0.4) (1.5) (2.4) (0.3) (4.4) (0.2) (1.6) (2.5) (9.9) (92.4) (18.8) (80.4) (22.3) (7.4) (13.3) 74.8 (25.4) 93.4 65.9 43.1 38.8 (1.7) 3.8 (4.4) (76.7) 75.4 (2.5) 131.8 (0.7) 0.7 (21.1) (82.3) (14.8) 90.4 23.6 (28.8) (29.9) 31.7 3.4 (26) 39.2 16.9 0.2
Stock Repurchased (237) (247) (291) (226) (281) (462) (227) (244) (268) (344) (193) (171) (142) (220) (184) (120) (79) (170) (242) (108) (175) (500) 0 (1) (100) (100) (200) (265) (135) (142.3) (82) (28) (173) (169.4) (122.4) (154.4) (159.1) (176.6) (200.6) (240.6) (172.0) (15.4) (87.5) (15.2) (9.8) (36.6) (19.9) (0.2) (20.6) (0.5) (0.3) (83.4) 0 0 (23.3) (25.7) (24.6) (0.5) 0 (0.1) (0.3) (0.4) (0.4) (1.3) (13.2) (76.7) (104.7) (4.2) (8.4) (76.4) (4.7) (170) (95.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 (38.2) (38.8) (27.7)
Dividends Paid (108) (109) (133) (110) (115) (100) (115) (101) (105) (92) (106) (107) (87) (85) (102) (99) (84) (96) (85) (95) (81) (92) (82) (86) (78) (86) (79) (87) (76) (83.7) (77) (83) (72) (79.0) (73.9) (79.5) (72.1) (81.8) (73.7) (74.8) (72.6) (21.4) (21.5) (18.2) (18.2) (16.9) (16.9) (16.9) (17.0) (16.5) (16.5) (16.7) (16.9) (16.4) (16.3) (16.5) (16.6) (16.0) (16.0) (16.0) (15.0) (14.9) (15) (14.9) (14) (14.2) (14.7) (14.6) (13.2) (13.3) (13.4) (14) (13.2) (12.8) (12.7) (12.8) (11.7) (11.7) (11.7) (11.6) (10.2) (10.2) (10.1) (10.2) (9.1) (9.2) (9.2) (9.3) (8.6)
Other Financing Activities (31) 7 (1) (28) (1) (2) 11 (29) (2) (3) (1) (19) 17 (14) 5 (10) 4 17 0 (2) 6 21 (2) 0 14 31 3 7 1 1.1 110 17 44 9.8 (0.6) (4.4) 14.7 4.6 3.6 3.7 15.6 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) 0 0 0 0.1 0 0 3.5 (0.1) 0.1 (0.1) (0.1) 0.2 0 (0.1) 3.8 0.1 0 (0.1) 3.6 (0.1) 0.1 0 2.7 0 (0.1) 0.1 1.4 0 0.1 (0.1) 0.1 0 0 0
Financing Cash Flow (446) (226) (398) (303) (898) (565) 148 (372) (391) (439) (318) (297) (224) (304) (280) (229) (159) (249) (327) (213) (250) (579) (1,011) (91) 955 (148) (289) (365) (221) (233) (125.0) (185.3) (146.1) (247.5) (314.6) (121.3) (183.2) (254.6) (256.3) (112.3) (131.3) (12.0) (108.0) (19.9) 9.5 (50.1) (35.9) (10.7) (35.5) (15.7) (17.7) (100.1) (31.9) (8.4) (47.7) (132.9) (56.7) (97.0) (39.6) (22.7) (21.7) 61.1 (40.7) 79.3 39.5 (47.5) (78.2) (18.5) (17.9) (90) (94) (107.6) (111.3) 91.2 (13.5) (11.2) (31.4) (90.6) (26.2) 79.4 13.9 (37.5) (39.8) 22 (5.3) (33.4) (8.1) (31) (35.2)
Cash Position
Net Change in Cash 110 50 (62) (69) (370) (412) 679 (35) 144 59 86 54 136 10 53 (102) 123 (87) (219) (15) (23) (274) (744) 111 1,132 74 (29) (77) (146) 21 204.4 10.4 (24.9) 42.3 9.5 36.3 (35.3) (11.8) (30.0) 36.1 (10.2) 120.4 (43.5) (59.8) 51.4 31.9 109.2 106.9 (31.9) 10.1 (9.9) 19.2 (22.3) 52.7 30.3 72.2 (2.7) (8.9) 15.1 (7.5) 2.0 15.1 2.1 8.7 (6.3) (3) (2.9) 13 (10.9) (10.4) 25.8 (70) (25.3) (4.6) 37.1 50.8 32.1 (11.4) 6.6 2.1 (1.1) 3.3 (0.4) (1.7) 11.6 (2.9) 2.8 (33.7) (8.4)
Cash at Beginning 585 535 597 666 1,036 1,448 769 804 660 601 515 461 325 315 262 364 241 328 547 562 585 859 1,603 1,492 360 286 315 392 538 517 312.5 302.0 326.9 284.6 275.1 238.8 274.1 286.0 316.0 279.9 290.1 326.0 369.5 429.2 434.7 402.8 293.6 186.7 218.6 208.5 218.5 199.3 221.6 168.8 138.5 66.3 69.0 72.3 57.1 64.7 62.7 47.6 45.5 0 43.1 46.1 0 0 46.9 0 0 0 126.9 0 0 0 11.5 0 0 0 15.3 0 0 0 2.6 0 0 0 44.8
Cash at End 695 585 535 597 666 1,036 1,448 769 804 660 601 515 461 325 315 262 364 241 328 547 562 585 859 1,603 1,492 360 286 315 392 538 516.9 312.5 302.0 326.9 284.6 275.1 238.8 274.1 286.0 316.0 279.9 446.4 326.0 369.5 486.1 434.7 402.8 293.6 186.7 218.6 208.5 218.5 199.3 221.6 168.8 138.5 66.3 63.4 72.3 57.1 64.7 62.7 47.6 8.7 36.8 43.1 (2.9) 13 36 (10.4) 25.8 (70) 101.6 (4.6) 37.1 50.8 43.6 (11.4) 6.6 2.1 14.2 3.3 (0.4) (1.7) 14.2 (2.9) 2.8 (33.7) 36.4
Free Cash Flow 569 269 339 202 521 170 523 335 542 477 398 355 356 312 335 144 286 155 111 195 221 291 252 189 194 214 264 276 67 244 301.3 194.0 97.7 289.6 288.7 138.9 102.2 262.0 236.1 118.7 101.9 142.6 73.2 (4.2) 47.5 83.0 132.5 118.9 38.7 29.9 (12.7) 123.0 8.2 50.9 74.6 203.4 53.8 53.7 68.2 35.7 25.2 (45.5) 51.9 (49.5) (41.3) 45 92.4 60.9 6.1 76.4 118.9 38.8 83.7 31.9 51.3 62.6 63.5 73.7 31.7 (76) (15) 38.4 39.1 (23.6) 17.1 29.7 10.8 (3.4) 27
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 4,742 4,425 4,657 4,554 4,306 4,233 4,388 4,312 4,235 3,997 4,208 4,182 4,091 3,802 3,942 3,837 3,647 3,359 3,372 3,207 3,084 2,941 3,018 2,837 3,001 2,847 2,947 2,893 2,799 2,763 2,831.4 2,860.2 2,766.4 2,632.5 2,636.0 2,615.3 2,541.1 2,470.7 2,596.3 2,563.7 2,506.5 2,478.3 2,532.9 2,522.6 2,439.7 2,511.0 2,562.3 2,506.1 2,385.6 2,377.2 2,398.5 2,381.6 2,280.4 2,226.1 2,281.2 2,249.3 2,193.4 2,076.9 2,114.6 2,003.0 1,883.6 1,826.7 1,899.4 1,783.7 1,672.4 1,633.8 1,589.7 1,533.3 1,465.2 1,592.7 1,839.5 1,756.9 1,661.0 1,611.8 1,658.6 1,601.0 1,546.7 1,462.2 1,519.5 1,482.9 1,419.1 1,390.6 1,428.3 1,372.8 1,334.9 1,265.0 1,301.1 1,256.0 1,227.8 1,154.4 1,172.7 1,120.4 1,194.8 1,110.5 1,225.0 1,219.4 1,298.1 1,241.7 1,242.0 1,195.2
Gross Profit 1,896 1,746 1,798 1,755 1,710 1,676 1,720 1,694 1,668 1,563 1,655 1,644 1,634 1,506 1,519 1,441 1,383 1,253 1,250 1,124 1,093 1,027 1,074 1,016 1,121 1,082 1,099 1,121 1,095 1,066 1,079.2 1,110.9 1,091.8 1,021.2 1,017.2 1,040.0 1,019.2 989.7 1,039.8 1,040.1 1,045.1 1,002.4 1,061.9 1,073.4 1,093.7 1,054.8 1,102.8 1,080.7 1,076.0 1,006.4 1,051.4 1,047.0 1,031.7 969.5 994.0 978.3 974.3 905.8 913.0 862.4 829.6 763.1 789.7 747.1 705.7 684.2 659.9 625.0 629.4 680.1 742.3 705.9 679.9 671.5 659.6 640.5 632.1 601.4 599.1 583.3 570.3 587.4 548.2 527.1 498.9 520.1 479.3 459.8 447.5 426.0 404.1 413.1 399.6 403.6 394.9 394.9 306.0 474.3 461.4 450.5
Operating Income 793 634 511 678 672 633 686 649 669 557 667 661 680 544 603 534 534 417 438 334 358 275 380 205 159 181 338 380 363 290 189.1 344.0 334.8 239.9 281.2 232.1 295.5 174.2 322.6 305.6 317.1 251.6 340.7 356.7 351.2 266.5 385.5 340.8 354.3 256.8 346.7 350.1 343.3 258.4 254.3 314 304.4 221.5 303.0 265.3 262.6 211.4 251.3 214.9 182.9 165.4 186.7 153.9 159.2 180.6 231.5 184.8 185.8 167.2 174.3 166.6 162.6 147.8 151.3 144.5 134.4 147.8 135.6 127.0 108.7 124.4 107.4 106.9 100.7 108.8 92.8 108.7 94.3 105.8 53.7 83.7 95.9 91.6 72.9 74.8
Net Income 555 451 294 482 479 475 486 470 478 395 476 470 488 384 426 371 366 283 297 225 238 168 240 114 173 103 233 260 253 209 104.4 237.0 231.5 151.1 162.0 97.9 174.7 60.7 185.9 172.7 186.7 145.2 192.2 220.5 211.0 148.8 230.3 205.9 216.7 156.7 210.8 217.7 211.8 156.3 155.4 190.7 187.5 148.5 182.1 169.9 157.9 132.2 150.4 129.1 99.2 97.1 144.6 92.5 96.4 107.9 140.0 113.2 114.2 104.4 109.2 104.8 101.8 98.9 104.5 93.7 86.2 103.8 88.1 81.6 72.8 90.1 67.7 66.6 62.6 61.7 56.0 62.6 54.5 61.5 14.8 42.2 47.9 48.1 55.7 41.2
EPS (Diluted) 11.65 9.44 6.09 10.02 9.86 9.71 9.94 9.55 9.68 7.95 9.50 9.34 9.66 7.53 8.34 7.19 7.12 5.44 5.65 4.27 4.48 3.12 4.41 2.10 3.19 1.88 4.25 4.67 4.48 3.68 1.82 4.16 4.07 2.63 2.79 1.67 2.93 1.01 3.05 2.79 2.98 2.30 2.92 3.25 3.07 2.14 3.30 2.94 3.07 2.20 2.95 3.03 2.94 2.17 2.15 2.63 2.57 2.12 2.51 2.34 2.18 1.90 2.06 1.73 1.31 1.34 1.88 1.21 1.25 1.45 1.79 1.43 1.43 1.34 1.29 1.21 1.17 1.18 1.16 1.02 0.93 1.16 0.97 0.89 0.79 1.00 0.74 0.72 0.69 0.68 0.60 0.69 0.57 0.66 0.15 0.45 0.52 0.51 0.59 0.44
Balance Sheet
Cash & Equivalents 695 585 535 597 666 1,036 1,448 769 804 660 601 515 461 325 315 262 364 241 328 547 562 585 859 1,603 1,492 360 286 315 392 538 516.9 312.5 302.0 326.9 284.6 275.1 238.8 274.1 286.0 316.0 279.9 388.1 548.5 459.9 416.3 257.6 89.4 486.1 434.7 402.8 186.7 218.6 208.5 218.5 138.5 66.3 69.0 63.4 72.3 57.1 64.7 62.7 47.6 45.5 36.9 43.1 46.1 49 36 46.9 57.5 31.7 101.7 126.9 131.6 94.4 43.6 11.5 22.9 16.2 14.1 15.3 12.1 12.5 14.2 2.6 5.5 2.7 36.4
Total Assets 9,473 8,962 8,848 8,937 8,658 8,829 9,114 8,352 8,400 8,147 8,140 8,031 7,825 7,588 7,201 7,049 6,993 6,592 6,390 6,462 6,333 6,295 6,583 7,194 7,177 6,005 5,922 5,992 6,014 5,873 5,932.2 5,904.6 5,902.8 5,804.3 5,825.1 5,861.9 5,782.5 5,694.3 5,885.5 5,964.8 5,964.8 3,731.9 3,810.8 3,726.3 3,405.8 3,270.5 3,059.9 2,753.0 2,685.6 2,624.7 2,543.8 2,492.7 2,437.4 2,417.0 2,379.7 2,437.8 2,452.4 2,459.6 2,555.0 2,572.9 2,612.5 2,564.8 2,349.4 2,341.4 2,202.1 2,103.9 2,051.6 2,071.6 2,037.8 1,997.8 2,008.6 1,993.7 2,065.3 2,119 1,774.1 1,745.3 1,674.5 1,669.2 1,694.6 1,680.6 1,572.5 1,534.8 1,530.7 1,499.3 1,432 1,376.7 1,358.9 1,315 1,294.2
Total Debt 2,781 3,163 2,720 2,729 2,679 3,183 3,207 2,712 2,714 2,752 2,728 2,757 2,720 2,705 2,682 2,676 2,708 2,762 2,372 2,375 2,380 2,616 2,400 3,337 3,341 2,215 2,188 2,212 2,211 2,220 2,234.8 2,294.8 2,412.3 2,342.3 2,323.2 2,426.2 2,289.3 2,247.1 2,278.3 2,271.3 2,092.3 508.4 517.5 525.4 535.0 530.3 153.7 145.1 147.5 149.0 145.6 136.9 129.2 132.6 146.0 243.3 257.4 321.6 401.6 425.8 435.7 449.4 372.5 397.6 301.4 233.8 190.6 156.9 162.7 158 162.4 239 163.7 166.2 34.5 35.2 34.5 55.5 137.8 152.7 62.3 38.5 67.5 97.3 65.6 62.2 88.3 49 32.1
Stockholders' Equity 3,930 4,141 3,561 3,674 3,480 3,358 3,503 3,277 3,199 3,115 3,090 2,935 2,735 2,440 2,308 2,201 2,081 1,874 1,827 1,868 1,816 1,828 2,131 1,929 1,810 1,855 1,871 1,923 1,971 1,921 1,937.7 1,894.1 1,770.6 1,690 1,767.5 1,723.3 1,794.8 1,797.9 2,042.7 2,133.9 2,267.3 2,144.8 2,295.1 2,163.7 2,110.7 1,986.9 1,984.2 1,936.6 1,858.1 1,845.1 1,757.1 1,717.6 1,667.7 1,611.5 1,567.9 1,569.1 1,570.6 1,537.4 1,509.8 1,486.4 1,502.4 1,480.5 1,385.6 1,351.4 1,311.5 1,278.7 1,302.5 1,369.6 1,331.8 1,294.7 1,322.1 1,282.5 1,406.7 1,462.7 1,295.7 1,256.8 1,219 1,179.1 1,136.2 1,098.5 1,069.9 1,032.8 1,040.6 1,007.5 974.8 941.9 907.7 916.2 928.6
Cash Flow
Operating Cash Flow 739 395 597 377 646 428 611 411 661 604 523 450 454 360 380 250 343 213 161 269 294 336 311 232 244 272 320 323 127 314 367.1 248.0 146.9 335.7 348.7 191.2 180.9 332.6 344.0 172.7 153.7 169.0 101.9 12.7 67.3 92.8 161.0 138.4 45.0 49.7 28.7 166.3 39.4 69.0 115.7 226.0 75.3 113.2 79.4 38.6 46.6 (11.9) 63.3 (18.4) (3.3) 87.3 125 72.1 50.2 113.8 146.9 63.9 101.5 59.7 61.8 75.1 74.8 106.7 58 (45.6) 7.2 87 67.9 0.3 36.2 58.5 41.7 20.7 41.6
Capital Expenditure (170) (126) (258) (175) (125) (258) (88) (76) (119) (127) (125) (95) (98) (48) (45) (106) (57) (58) (50) (74) (73) (45) (59) (43) (50) (58) (56) (47) (60) (70) (65.8) (53.9) (49.1) (46.1) (60.0) (52.4) (78.8) (70.6) (107.9) (53.9) (51.8) (26.4) (28.7) (16.9) (19.9) (9.8) (28.5) (19.5) (6.3) (19.7) (41.3) (43.3) (31.3) (18.1) (41.1) (22.5) (21.5) (59.5) (11.2) (2.9) (21.3) (33.6) (11.4) (31.1) (38) (42.3) (32.6) (11.2) (44.1) (37.4) (28) (25.1) (17.8) (27.8) (10.5) (12.5) (11.3) (33) (26.3) (30.4) (22.2) (48.6) (28.8) (23.9) (19.1) (28.8) (30.9) (24.1) (14.6)
Free Cash Flow 569 269 339 202 521 170 523 335 542 477 398 355 356 312 335 144 286 155 111 195 221 291 252 189 194 214 264 276 67 244 301.3 194.0 97.7 289.6 288.7 138.9 102.2 262.0 236.1 118.7 101.9 142.6 73.2 (4.2) 47.5 83.0 132.5 118.9 38.7 29.9 (12.7) 123.0 8.2 50.9 74.6 203.4 53.8 53.7 68.2 35.7 25.2 (45.5) 51.9 (49.5) (41.3) 45 92.4 60.9 6.1 76.4 118.9 38.8 83.7 31.9 51.3 62.6 63.5 73.7 31.7 (76) (15) 38.4 39.1 (23.6) 17.1 29.7 10.8 (3.4) 27