Macy's, Inc. logo M - Macy's, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 13
HOLD 20
SELL 7
STRONG
SELL 0
| PRICE TARGET: $19.20 DETAILS
HIGH: $22.00
LOW: $9.00
MEDIAN: $22.00
CONSENSUS: $19.20
DOWNSIDE: 7.07%
Annual Quarterly
Metric 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 1999 Q4
Revenue
Revenue 7,916 4,913 4,999 4,793 8,007 4,903 5,096 5,000 8,375 5,038 5,280 5,173 8,526 5,467 5,834 5,565 8,930 5,653 5,844 4,865 7,037 4,185 3,727 3,148 8,577 5,356 5,722 5,676 8,695 5,589 5,758 5,698 8,666 5,426 5,803 5,511 8,515 5,626 5,866 5,771 8,869 5,874 6,104 6,232 9,364 6,195 6,267 6,279 9,202 6,276 6,066 6,387 9,350 6,075 6,118 6,143 8,724 5,853 5,939 5,889 8,269 5,623 5,537 5,574 7,849 5,277 5,164 5,199 7,934 5,493 5,718 5,747 8,594 5,906 5,892 5,921 9,159 5,886 5,995 5,930 9,341 5,555 3,623 3,641 5,074 3,525 3,581 3,550 5,053 3,434 5,017 3,486 4,322 3,732 3,556 6,115 4,195 4,065 4,032 5,656
Cost of Revenue 5,804 2,855 2,900 2,795 4,991 2,864 2,938 2,946 5,076 2,905 3,176 2,988 5,450 3,204 3,422 3,231 5,507 3,207 3,353 2,889 4,498 2,569 2,718 2,501 5,266 3,106 3,395 3,403 5,288 3,226 3,320 3,382 5,358 3,152 3,403 3,303 5,251 3,386 3,468 3,516 5,549 3,537 3,610 3,800 5,589 3,766 3,672 3,836 5,464 3,817 3,533 3,911 5,554 3,672 3,555 3,757 5,151 3,544 3,457 3,586 4,855 3,377 3,214 3,378 4,577 3,156 3,021 3,219 4,812 3,324 3,346 3,527 5,021 3,585 3,507 3,564 5,419 3,541 3,604 3,633 5,549 3,312 2,126 2,176 3,001 2,121 2,111 2,123 2,981 2,025 3,014 2,051 2,670 2,258 2,177 3,523 2,328 2,195 2,208 3,036
Gross Profit 2,112 2,058 2,099 1,998 3,016 2,039 2,158 2,054 3,299 2,133 2,104 2,185 3,076 2,263 2,412 2,334 3,423 2,446 2,491 1,976 2,539 1,616 1,009 647 3,311 2,250 2,327 2,273 3,407 2,363 2,438 2,316 3,308 2,274 2,400 2,208 3,264 2,240 2,398 2,255 3,320 2,337 2,494 2,432 3,775 2,429 2,595 2,443 3,738 2,459 2,533 2,476 3,796 2,403 2,563 2,386 3,573 2,309 2,482 2,303 3,414 2,246 2,323 2,196 3,272 2,121 2,143 1,980 3,122 2,169 2,372 2,220 3,573 2,321 2,385 2,357 3,740 2,345 2,391 2,297 3,792 2,243 1,497 1,465 2,073 1,404 1,470 1,427 2,072 1,409 2,003 1,435 1,652 1,474 1,379 2,592 1,867 1,870 1,824 2,620
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 2,359 2,024 1,944 1,913 2,382 2,064 1,973 1,911 2,405 2,047 2,102 1,950 2,406 2,120 2,011 1,905 2,435 1,981 1,979 1,748 2,063 1,752 1,436 1,598 2,555 2,214 2,177 2,112 2,553 2,278 2,214 2,083 2,310 2,210 2,212 2,057 2,219 2,174 2,053 1,979 2,207 1,968 2,058 2,023 2,324 2,007 2,024 2,000 2,301 2,099 1,999 2,041 2,400 2,078 2,009 1,995 2,314 2,018 1,976 1,973 2,245 2,069 1,953 1,993 2,212 2,033 1,861 1,956 2,256 2,085 2,037 2,103 2,282 2,121 2,038 2,113 2,313 2,094 2,117 2,154 2,675 1,973 1,206 1,213 1,310 1,229 1,225 1,210 1,314 1,145 1,369 1,135 945 1,235 1,175 1,697 1,476 1,466 1,384 1,575
Other Expenses (986) (8) 0 (9) 135 (89) (37) 18 965 3 (122) (9) (6) (49) 2 (34) (27) (58) (85) 13 75 (9) 204 3,168 197 (16) (5) (42) (196) (62) (79) (5) (215) (54) (94) (68) 230 (41) 228 0 177 111 0 0 87 0 0 0 88 0 0 0 5 0 0 0 (25) 0 0 0 25 0 0 0 186 33 34 138 5,601 16 76 87 69 17 97 36 167 117 (148) 123 (63) (417) 0 0 0 0 0 0 0 0 0 0 137 28 26 1,022 187 184 187 189
Operating Expenses 1,373 2,016 1,944 1,904 2,517 1,975 1,936 1,929 3,370 2,050 1,980 1,941 2,400 2,071 2,013 1,871 2,408 1,923 1,894 1,761 2,138 1,743 1,640 4,766 2,752 2,198 2,172 2,070 2,357 2,216 2,135 2,078 2,095 2,156 2,118 1,989 2,449 2,133 2,281 1,979 2,384 2,079 2,058 2,023 2,411 2,007 2,024 2,000 2,389 2,099 1,999 2,041 2,405 2,078 2,009 1,995 2,289 2,018 1,976 1,973 2,270 2,069 1,953 1,993 2,398 2,066 1,895 2,094 7,857 2,101 2,113 2,190 2,351 2,138 2,135 2,149 2,480 2,211 1,969 2,277 2,612 1,556 1,206 1,213 1,310 1,229 1,225 1,210 1,314 1,145 1,369 1,135 1,082 1,263 1,201 2,719 1,663 1,650 1,571 1,764
Operating Income
Operating Income 739 42 155 94 499 64 222 125 (71) 83 124 244 676 192 399 463 1,015 523 597 215 401 (127) (631) (4,119) 559 52 155 203 1,050 147 303 238 1,213 118 282 219 815 107 117 276 936 258 436 409 1,364 422 571 443 1,349 360 534 435 1,391 325 554 391 1,284 291 506 330 1,144 177 370 203 874 55 248 (114) (4,735) 68 259 30 1,222 183 250 208 1,260 134 422 20 1,180 687 291 252 763 175 245 217 758 264 634 300 570 211 178 (127) 204 220 253 856
Interest Expense 20 25 25 27 21 32 31 31 27 35 36 37 43 42 42 47 47 53 80 79 86 80 73 49 51 52 52 54 64 64 69 71 86 76 82 86 110 82 98 99 115 80 94 95 109 97 101 100 114 97 97 97 122 104 105 113 132 109 112 117 119 166 131 163 139 139 141 143 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 12 0 0 0 3 0 0 0 1 0 1 2 9 4 5 7 15 5 7 5 13 2 3 2 23 1 1 1 22 0 1 0 12 1 1 0 15 1 1 0 20 1 0 1 24 1 1 1 1 2 1 1 0 2 2 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
Profitability
EBITDA 987 265 358 314 681 295 439 345 157 310 221 466 899 392 613 645 1,235 571 750 443 640 113 (424) (3,871) 756 305 404 453 1,274 386 501 489 1,487 367 494 474 1,109 375 378 537 1,228 529 698 668 1,625 686 826 696 1,623 618 788 686 1,541 595 811 648 1,575 574 775 599 1,430 469 659 491 1,179 358 551 191 (4,434) 418 593 425 1,611 538 666 564 1,746 555 754 447 1,431 1,024 470 431 968 354 426 395 940 438 814 470 792 436 374 982 391 404 440 1,045
EBIT 765 30 140 95 457 67 226 129 (75) 78 6 248 680 167 406 439 1,029 347 530 219 403 (137) (659) (4,108) 500 52 168 217 1,030 138 266 254 1,237 113 250 231 838 108 118 277 958 258 437 409 1,359 423 572 443 1,364 361 535 435 1,274 326 554 392 1,308 292 507 331 1,145 179 371 204 874 57 250 (112) (4,735) 84 285 117 1,291 200 347 244 1,427 251 465 143 1,117 750 291 252 763 175 245 217 758 264 634 300 654 239 204 800 204 220 253 856
Income Before Tax 661 5 115 68 436 35 195 98 (102) 43 (30) 211 637 125 364 392 982 294 450 140 314 (217) (729) (4,157) 449 0 116 163 966 74 197 183 1,151 37 168 145 728 26 20 178 843 178 343 314 1,250 326 471 343 1,250 264 438 338 1,152 222 449 279 1,176 183 395 214 1,026 13 240 41 735 (82) 109 (255) (4,878) (75) 121 (106) 1,086 38 113 83 1,211 30 323 (118) 1,053 542 237 198 713 120 126 157 697 199 564 222 543 111 100 549 (702) 112 154 752
Income Tax Expense 155 (6) 28 30 94 7 45 36 (32) 2 (8) 56 128 17 89 106 239 55 105 37 154 (126) (298) (576) 109 (2) 30 27 226 12 33 52 (169) 10 60 68 256 11 11 63 300 61 126 121 457 109 179 119 439 87 157 121 422 77 170 98 431 44 154 83 359 3 93 18 269 (47) 102 (167) (105) (31) 48 (47) 336 5 39 31 451 10 41 (44) 384 118 89 75 273 46 48 60 237 79 223 89 206 1 42 217 (34) 49 65 304
Net Income 506 11 87 38 342 28 150 62 (70) 41 (22) 155 509 108 275 286 743 239 345 103 160 (91) (431) (3,581) 340 2 86 136 740 62 166 139 1,325 30 111 78 475 17 11 116 544 118 217 193 793 217 292 224 811 177 281 217 730 145 279 181 745 139 241 131 667 10 147 23 466 (35) 7 (88) (4,773) (44) 73 (59) 750 33 74 36 733 (3) 317 (52) 699 436 148 123 440 74 78 97 460 120 341 282 (447) 110 58 332 (668) 63 89 448
Per Share Data
EPS (Basic) 1.87 0.04 0.32 0.14 1.23 0.10 0.54 0.22 -0.26 0.15 -0.08 0.57 1.87 0.40 1.01 1.01 2.50 0.78 1.11 0.33 0.51 -0.29 -1.39 -11.53 1.10 0.01 0.28 0.44 2.37 0.20 0.54 0.45 4.34 0.10 0.36 0.26 1.56 0.05 0.03 0.37 1.74 0.36 0.65 0.57 2.22 0.62 0.81 0.61 2.21 0.47 0.73 0.56 1.83 0.36 0.68 0.43 1.74 0.33 0.56 0.31 1.55 0.02 0.35 0.05 1.10 -0.08 0.02 -0.21 -11.33 -0.10 0.17 -0.14 1.73 0.08 0.16 0.08 1.40 -0.01 0.57 -0.09 1.26 0.91 0.43 0.36 1.28 0.22 0.22 0.27 1.26 0.33 0.89 0.70 -1.13 0.28 0.15 0.82 -1.67 0.16 0.21 1.02
EPS (Diluted) 1.83 0.04 0.31 0.14 1.21 0.10 0.53 0.22 -0.26 0.15 -0.08 0.56 1.83 0.39 0.99 0.98 2.44 0.76 1.08 0.32 0.50 -0.29 -1.38 -11.53 1.09 0.01 0.28 0.44 2.37 0.20 0.53 0.45 4.31 0.10 0.36 0.26 1.54 0.05 0.03 0.37 1.73 0.36 0.64 0.56 2.22 0.61 0.80 0.60 2.16 0.47 0.72 0.55 1.83 0.36 0.67 0.43 1.74 0.32 0.55 0.30 1.55 0.02 0.35 0.05 1.10 -0.08 0.02 -0.21 -11.33 -0.10 0.17 -0.14 1.73 0.08 0.16 0.08 1.40 -0.01 0.57 -0.09 1.26 0.90 0.42 0.36 1.28 0.21 0.22 0.27 1.26 0.32 0.89 0.70 -1.12 0.28 0.14 0.82 -1.66 0.15 0.21 1.02
Shares Outstanding 270.6 267.7 274.7 277.6 278.5 278.4 277.7 276.1 275 274.7 273.8 273.1 272.2 272 271.1 283.6 296.5 306.9 312.4 311.6 311.4 311.2 310.1 310.6 309.9 309.9 309.8 309.1 308.3 308.1 306.8 306.6 305.6 305.5 305.5 304.3 305.5 308.4 309.4 310.6 312.2 325.3 335.7 340.7 344.1 351.6 359.2 365.9 367.7 374.8 382.5 388.2 392.3 401.3 411.2 417.1 420 425.3 427.5 425.1 424.2 423.5 421.8 422.6 421.8 421.8 421.5 421.4 421.3 421.1 421.1 420.9 432.2 434.2 451.9 468.2 516 541.7 556.1 550.2 545.4 478.6 344.2 341.7 335.8 344 354.5 359.3 359.7 369.2 382 402.9 395 392.9 396 397.8 401 406.5 423.8 418.2
Metric 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3 2004 Q2 2004 Q1 2003 Q4 2003 Q2 2003 Q1 2002 Q4 2002 Q3 2001 Q3 2001 Q2 2001 Q1 2000 Q4 2000 Q3 2000 Q2 2000 Q1 1999 Q4 1999 Q3 1999 Q2 1999 Q1 1998 Q4 1998 Q3 1998 Q2 1998 Q1 1997 Q4 1997 Q3 1997 Q2 1997 Q1 1996 Q4 1996 Q3 1996 Q2 1996 Q1 1995 Q4 1995 Q3 1995 Q2 1995 Q1 1994 Q4 1994 Q3 1994 Q2 1994 Q1 1993 Q4 1993 Q3 1993 Q2 1993 Q1
Current Assets
Cash & Cash Equivalents 1,246 447 829 932 1,306 315 646 876 1,034 364 438 603 862 326 300 672 1,712 316 2,137 1,798 1,679 1,551 1,395 1,523 685 301 674 737 1,162 736 1,068 1,531 1,455 534 783 1,201 1,297 457 1,000 734 1,208 981 1,686 515 295 275 605 913 925 564 744 716 216 296 330 519 322 303 296 249 218 595 357 239 307 164 281 179 142 431.2 317.4 152.6 148.8 152.6 134.1 195.5 172.5 158 238.2 150.2 206.5 125.9 98.1 102.9 222.4 337 362.1 212.3
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 0 0 0 0 0 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 628 187 224 251 320 258 280 257 293 291 293 255 300 204 219 233 297 212 221 205 276 185 184 170 409 176 240 237 400 190 261 250 363 219 382 345 522 322 423 436 355 273 358 424 585 459 3,062 3,100 3,213 2,836 2,876 2,945 2,702 3,392 3,427 3,656 2,435 3,826 3,818 4,031 4,313 3,731 3,512 2,165 2,209 2,107 2,111 2,446 2,640 2,513.1 2,498.1 2,661.1 2,834.3 2,821.8 2,768.4 2,944.6 2,842.1 2,780.9 2,157.5 2,237.6 2,265.7 1,986 1,791.8 1,781.9 1,758.9 1,538 1,364.7 1,481.6
Inventory 4,412 6,298 4,342 4,663 4,468 6,257 4,378 4,687 4,361 6,025 4,129 4,607 4,267 6,403 4,610 4,956 4,383 6,141 4,298 4,230 3,774 5,144 3,582 4,923 5,188 7,256 5,029 5,498 5,263 7,147 4,956 5,291 5,178 7,065 4,980 5,626 5,399 7,587 5,322 5,738 4,633 4,921 4,615 4,634 5,026 7,012 3,355 3,498 3,215 3,439 3,502 3,359 4,633 4,933 3,994 4,050 3,812 5,045 3,932 4,086 3,819 5,010 3,856 3,799 3,376 4,322 3,361 3,336 3,354 4,287.3 3,371.6 3,384.9 3,246 4,170.9 3,411 3,204 3,271.3 3,905.5 2,694.6 2,553.2 2,380.4 1,730.6 1,341.5 1,268 1,180.8 1,534.7 1,209.8 1,215.3
Other Current Assets 387 453 430 445 385 416 403 442 401 390 411 0 0 415 387 144 159 732 635 656 139 116 114 130 218 0 603 633 252 180 580 638 119 432 412 397 57 0 471 19 0 747 0 936 0 261 112 121 99 13 139 134 530 545 531 290 1,240 524 414 176 172 162 142 142 80 225 223 167 58 235.8 235 186.8 198.2 260.4 115.6 248.3 74.5 297.8 305.6 347.1 337.8 135.4 146.3 133.7 135.5 133.4 136.8 123.6
Total Current Assets 6,673 7,385 5,825 6,291 6,479 7,246 5,707 6,262 6,089 7,070 5,271 5,855 5,853 7,348 5,516 6,233 6,758 7,591 7,611 7,240 6,184 7,357 5,631 7,135 6,810 8,301 6,546 7,105 7,445 8,667 6,865 7,710 7,444 8,250 6,557 7,569 7,626 8,820 7,216 7,417 6,433 6,441 6,882 5,804 6,159 8,007 7,134 7,632 7,452 6,967 7,261 7,154 8,081 9,166 8,282 8,711 8,700 9,698 8,460 8,542 8,522 9,498 7,867 6,345 5,972 6,818 5,976 6,128 6,194 7,467.4 6,422.1 6,385.4 6,427.3 7,405.7 6,429.1 6,592.4 6,360.4 7,142.2 5,395.9 5,288.1 5,190.4 3,977.9 3,377.7 3,286.5 3,297.6 3,543.1 3,073.4 3,032.8
Non-Current Assets
Property, Plant & Equipment 6,879 7,053 7,113 7,190 7,313 7,483 7,579 7,653 7,613 8,597 8,568 8,579 8,596 8,530 8,371 8,337 8,473 8,408 8,532 8,651 8,818 9,150 9,314 9,097 9,301 9,154 9,119 9,130 6,637 6,572 6,547 6,575 6,672 6,742 6,822 6,886 7,017 7,149 7,187 7,475 9,070 9,294 9,507 10,046 10,226 11,072 6,019 6,081 6,174 6,200 6,249 6,379 6,424 6,710 6,735 6,710 6,830 6,808 6,757 6,741 6,828 6,739 6,689 6,624 6,572 6,406 6,381 6,422 6,520 6,423.2 6,371.1 6,419.5 6,524.8 6,384.8 6,270.9 6,231.8 6,305.2 6,220.9 5,261.7 5,245.3 5,349.9 2,664 2,623.8 2,544.5 2,576.9 2,473.7 2,450.2 2,447.1
Goodwill 828 828 828 828 828 828 828 828 828 828 828 828 828 828 828 828 828 828 828 828 828 828 828 838 3,908 3,908 3,908 3,908 3,908 3,908 3,908 3,908 3,897 3,897 3,897 3,897 3,897 3,897 3,897 3,897 3,743 3,743 3,743 3,743 3,743 9,139 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 420 421 423 424 425 426 428 429 430 431 431 432 432 433 433 434 435 435 436 436 437 437 438 439 439 440 440 441 478 481 483 486 488 491 493 496 498 499 502 511 658 668 678 697 707 842 640 640 640 640 640 640 651 955 942 884 896 913 1,703 1,720 1,735 1,771 1,807 1,889 631 670 677 684 690 696.9 703.8 710.6 717.4 724.2 731 737.9 744.7 1,160.7 1,027 1,037.9 1,006.5 0 328.3 333 0 342.4 347.1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1,438 1,377 1,362 1,356 1,357 1,310 1,291 1,277 1,286 1,185 1,206 1,174 1,157 1,091 1,194 1,140 1,096 1,017 1,010 926 1,439 1,442 1,403 1,072 714 744 728 712 726 733 865 889 880 835 810 793 813 909 904 898 534 490 490 494 496 609 272 270 284 269 266 268 542 703 659 618 586 627 655 652 607 551 516 572 289 323 317 319 334 344 377.1 584.6 594.6 582 601.4 588.6 884.8 830.4 772.7 794.1 832.9 1,527.4 1,200.4 1,207.4 1,544.9 772 795.1 1,143.6
Total Non-Current Assets 9,565 9,679 9,726 9,798 9,923 10,047 10,126 10,187 10,157 11,041 11,033 11,013 11,013 10,882 10,826 10,739 10,832 10,688 10,806 10,841 11,522 11,857 11,983 11,446 14,362 14,246 14,195 14,191 11,749 11,694 11,803 11,858 11,937 11,965 12,022 12,072 12,225 12,454 12,490 12,781 14,005 14,195 14,418 14,980 15,172 21,662 6,931 6,991 7,098 7,109 7,155 7,287 7,617 8,368 8,336 8,212 8,312 8,348 9,115 9,113 9,170 9,061 9,012 9,085 7,492 7,399 7,375 7,425 7,544 7,464.1 7,452 7,714.7 7,836.8 7,691 7,603.3 7,558.3 7,934.7 8,212 7,061.4 7,077.3 7,189.3 4,191.4 4,152.5 4,084.9 4,121.8 3,588.1 3,592.4 3,590.7
Total Assets 16,238 17,064 15,551 16,089 16,402 17,293 15,833 16,449 16,246 18,111 16,304 16,868 16,866 18,230 16,342 16,972 17,590 18,279 18,417 18,082 17,706 19,214 17,614 18,581 21,172 22,547 20,741 21,296 19,194 20,361 18,668 19,568 19,381 20,215 18,579 19,641 19,851 21,274 19,706 20,198 20,438 20,636 21,300 20,784 21,331 29,669 14,065 14,623 14,550 14,076 14,416 14,441 15,698 17,534 16,618 16,923 17,012 18,046 17,575 17,655 17,692 18,559 16,879 15,430 13,464 14,217 13,351 13,553 13,738 14,931.5 13,874.1 14,100.1 14,264.1 15,096.7 14,032.4 14,150.7 14,295.1 15,354.2 12,457.3 12,365.4 12,379.7 8,169.3 7,530.2 7,371.4 7,419.4 7,131.2 6,665.8 6,623.5
Current Liabilities
Account Payables 4,422 5,888 4,013 4,354 2,746 5,681 3,861 4,435 2,660 5,854 4,184 4,648 2,874 6,539 4,685 5,321 3,280 6,531 5,136 5,161 2,856 6,115 4,315 4,953 2,659 6,473 4,413 4,796 2,638 6,379 4,403 3,403 2,325 6,335 4,542 4,933 2,177 6,305 4,391 4,742 1,743 2,010 1,796 1,683 1,809 6,097 2,672 2,754 2,613 2,678 2,657 2,584 3,372 3,558 2,903 2,946 2,642 3,859 2,992 3,006 3,043 3,688 2,905 2,699 2,446 2,998 2,517 2,375 2,416 3,047.9 2,482.4 2,414.1 2,492.2 3,059.3 2,386.6 2,201.9 2,358.5 2,909.5 2,139.3 2,085.2 2,183.7 1,512.2 1,178.6 1,146.7 1,209.7 1,403.5 1,083.2 1,057.4
Short-Term Debt 0 0 194 6 6 92 6 0 0 160 0 0 0 183 0 0 0 140 1,546 294 452 536 539 739 539 6 6 41 36 65 63 25 22 22 16 313 309 938 1,063 642 609 685 242 92 135 1,634 691 916 908 749 939 946 1,306 1,990 801 1,399 1,722 2,593 1,714 1,352 1,284 2,078 1,402 1,225 524 699 34 357 556 1,899.5 1,504.5 1,059.5 1,094.6 741.1 375.4 537.6 733.1 941.4 260 671.7 463 441.6 220.6 125.8 10.1 97.9 11.4 11
Deferred Revenue 0 0 0 0 353 0 0 0 384 0 0 0 399 0 0 0 481 0 0 0 616 0 0 0 839 0 0 0 879 0 0 0 1,032 (6,301) (4,490) (4,578) 1,310 0 (4,368) (4,742) 57 55 68 0 0 177 0 0 0 0 0 0 0 306 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 357 0 0 0 384 0 0 0 43 0 0 0 438 0 0 0 398 0 0 0 498 0 0 0 575 0 0 0 1,627 0 0 0 194 0 0 0 286 217 1,586 226 230 6 192 152 362 121 92 71 203 111 116 104 505 3 97 83 225 84 46 75 98 22 67 24 88 28 4.4 15.8 8.9 3.6 3.1 2.9 6.5 31.4 35.8 9.6 65.3 96 68.9 78.3 110.3 47.3 31.2 28.4
Total Current Liabilities 4,493 5,888 4,219 4,387 4,524 5,773 3,867 4,550 4,532 6,014 4,184 4,782 4,861 6,743 4,708 5,543 5,416 6,671 6,700 5,518 5,357 6,651 4,854 5,772 5,750 6,479 4,439 5,019 5,232 6,444 4,481 5,077 5,075 6,391 4,610 5,601 5,647 7,243 5,356 5,384 4,760 5,094 4,454 4,072 4,397 7,914 3,555 3,822 3,883 3,548 3,688 3,601 4,881 5,659 3,820 4,449 4,869 6,455 4,803 4,441 4,552 5,850 4,353 3,999 3,068 3,719 2,618 2,756 3,060 4,975.4 3,991.3 3,489.4 3,595.7 3,804 2,765.1 2,742.4 3,098.1 3,882.3 2,435.1 2,766.5 2,712 2,049.8 1,468.1 1,350.8 1,330.1 1,548.7 1,125.8 1,096.8
Non-Current Liabilities
Long-Term Debt 2,432 2,432 2,432 2,774 2,773 2,773 2,993 2,998 2,998 2,997 2,997 2,996 2,996 2,996 2,995 2,994 3,295 3,295 3,295 4,558 4,407 4,852 4,851 4,918 3,621 4,677 4,680 4,680 4,683 5,469 5,473 5,857 5,835 6,297 6,301 6,412 6,535 6,563 6,567 6,990 7,493 7,503 8,456 8,632 8,719 9,097 3,040 3,149 3,151 3,154 3,406 3,408 3,410 4,266 5,163 4,792 4,374 4,033 4,452 4,757 4,589 4,658 4,704 3,806 3,057 3,549 3,890 3,920 3,919 3,682.5 3,732.3 4,514.2 4,605.9 5,624.1 5,644.5 5,768.9 5,632.2 5,943.5 5,121.4 4,526.2 4,529.2 2,723.8 2,715.4 2,683.2 2,786.7 2,459 2,453.9 2,451.5
Deferred Tax Liabilities 805 727 723 721 724 712 725 749 745 925 933 916 947 884 948 968 983 970 913 868 908 917 921 944 1,169 1,200 1,206 1,193 1,238 1,185 1,194 1,169 1,122 1,553 1,512 1,482 1,443 1,548 1,448 1,536 1,040 1,045 1,068 1,082 1,156 1,464 1,029 1,025 998 1,026 1,005 998 1,178 1,301 1,306 1,359 1,393 1,485 1,458 1,448 1,444 1,345 1,240 1,236 1,060 1,024 977 975 939 842 835.7 831.2 830.9 727.8 730.7 731.2 732.9 911.5 873.3 989.2 993.5 802.3 801.3 803.2 804.2 771.8 753.3 754.2
Other Non-Current Liabilities 876 878 871 872 902 927 932 932 950 997 1,005 1,008 1,017 1,144 1,152 1,159 1,177 1,245 1,267 1,297 1,296 1,285 1,395 1,327 1,337 1,315 1,265 1,258 1,580 1,618 1,626 1,664 1,662 1,750 1,773 1,846 1,877 2,129 2,164 3,670 2,258 2,255 2,621 2,449 2,504 1,754 595 581 578 641 649 672 549 562 559 558 554 548 548 548 555 582 586 576 570 557 557 557 564 560.3 558.9 562 562.4 564.5 562 556.7 558.2 593.1 503.2 498.6 505.4 228.9 226.6 220.5 220.2 220.4 222.6 221.7
Total Non-Current Liabilities 6,885 6,848 6,881 7,251 7,326 7,373 7,663 7,713 7,679 7,953 7,910 7,916 7,923 8,012 8,103 8,151 8,553 8,600 8,571 9,889 9,796 10,320 10,436 10,112 9,045 10,011 9,987 9,954 7,526 8,272 8,293 8,690 8,645 9,600 9,586 9,740 9,882 10,240 10,300 10,660 10,791 10,803 12,145 12,163 12,379 12,315 4,664 4,755 4,727 4,821 5,060 5,078 5,137 6,129 7,028 6,709 6,321 6,066 6,458 6,753 6,588 6,585 6,530 5,618 4,687 5,130 5,424 5,452 5,422 5,084.8 5,126.9 5,907.4 5,999.2 6,916.4 6,937.2 7,056.8 6,923.3 7,448.1 6,497.9 6,014 6,028.1 3,755 3,743.3 3,706.9 3,811.1 3,451.2 3,429.8 3,427.4
Total Liabilities 11,378 12,736 11,100 11,638 11,850 13,146 11,530 12,263 12,211 13,967 12,094 12,698 12,784 14,755 12,811 13,694 13,969 15,271 15,271 15,407 15,153 16,971 15,290 15,884 14,795 16,490 14,426 14,973 12,758 14,716 12,774 13,767 13,720 15,991 14,196 15,341 15,529 17,483 15,656 16,044 15,551 15,897 16,599 16,235 16,776 20,229 8,219 8,577 8,610 8,369 8,748 8,679 10,018 11,788 10,848 11,158 11,190 12,521 11,261 11,194 11,140 12,435 10,883 9,617 7,755 8,849 8,042 8,208 8,482 10,060.2 9,118.2 9,396.8 9,594.9 10,720.4 9,702.3 9,799.2 10,021.4 11,330.4 8,933 8,780.5 8,740.1 5,804.8 5,211.4 5,057.7 5,141.2 4,999.9 4,555.6 4,524.2
Stockholders' Equity
Common Stock 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 5,667 5,916 5,821 3 4,231 4,388 4,302 3 3,789 4,046 4,148 0 0 5 0 0 0 0 0 2 0 0 3 0 0 0 0 3 0 0 0 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
Retained Earnings 6,941 6,433 6,521 6,485 6,499 6,157 6,328 6,227 6,088 6,261 6,310 6,378 6,268 5,764 5,742 5,509 5,268 4,523 4,376 4,031 3,928 3,769 3,860 4,291 7,989 7,649 7,883 7,911 8,050 0 0 0 7,174 0 0 0 6,088 0 0 0 0 0 2,274 0 0 0 0 0 3,809 3,328 0 3,185 0 0 0 5,765 2,643 2,311 0 2,916 2,827 2,379 2,256 2,119 2,032 1,624 1,537 1,430 1,370 991.2 886.1 858.4 834.3 545.1 446.3 511.4 568.4 266.5 436.8 436.8 493.8 149 149 113 113 113 113 113
Accumulated Other Comprehensive Income (392) (448) (449) (449) (449) (496) (496) (496) (496) (559) (526) (617) (618) (707) (615) (618) (622) (661) (665) (780) (788) (929) (931) (982) (995) (977) (940) (945) (951) 11,334 11,832 11,642 (724) 8,462 8,888 8,604 (896) 7,578 8,092 (5,500) (6,264) 9,382 (753) 0 0 9,440 5,846 6,046 (274) 2,379 5,668 (280) 5,680 5,746 5,770 11,530 (8) 11,050 6,314 12,922 (7) 12,248 (2,183) 11,626 11,418 (1,746) 10,618 10,690 (1,746) 9,742 9,512 9,406 9,338 8,752 8,660 8,704 8,548 8,048 7,048 7,170 (591.6) (370.3) (370.3) (370.3) (370.3) (189.5) (189.5) (189.5)
Total Stockholders' Equity 4,860 4,328 4,451 4,451 4,552 4,147 4,303 4,186 4,035 4,144 4,210 4,170 4,082 3,475 3,531 3,278 3,621 3,008 3,146 2,675 2,553 2,243 2,324 2,697 6,377 6,057 6,315 6,323 6,436 5,667 5,916 5,821 5,673 4,231 4,388 4,302 4,323 3,789 4,046 4,148 4,887 4,739 4,701 4,549 4,555 9,440 5,846 6,046 5,940 5,707 5,668 5,762 5,680 5,746 5,770 5,765 5,822 5,525 6,314 6,461 6,552 6,124 5,996 5,813 5,709 5,368 5,309 5,345 5,256 4,871.3 4,755.9 4,703.3 4,669.2 4,376.3 4,330.1 4,351.5 4,273.7 4,023.8 3,524.3 3,584.9 3,639.6 2,364.5 2,318.8 2,313.7 2,278.2 2,131.3 2,110.2 2,099.3
Total Liabilities & Equity 16,238 17,064 15,551 16,089 16,402 17,293 15,833 16,449 16,246 18,111 16,304 16,868 16,866 18,230 16,342 16,972 17,590 18,279 18,417 18,082 17,706 19,214 17,614 18,581 21,172 22,547 20,741 21,296 19,194 20,361 18,668 19,568 19,583 20,215 18,579 19,641 19,851 21,274 19,706 20,198 20,438 20,636 21,300 20,784 21,331 29,669 14,065 14,623 14,550 14,076 14,416 14,441 15,698 17,534 16,618 16,923 17,012 18,046 17,575 17,655 17,692 18,559 16,879 15,430 13,464 14,217 13,351 13,553 13,738 14,931.5 13,874.1 14,100.1 14,264.1 15,096.7 14,032.4 14,150.7 14,295.1 15,354.2 12,457.3 12,365.4 12,379.7 8,169.3 7,530.2 7,371.4 7,419.4 7,131.2 6,665.8 6,623.5
Debt Metrics
Total Debt 5,204 5,243 5,481 5,664 5,706 5,826 6,012 6,032 5,984 6,191 5,972 5,992 6,397 6,167 6,003 6,024 6,826 6,525 7,937 8,018 8,329 8,654 8,659 8,580 7,477 7,502 7,522 7,544 4,931 5,534 5,536 5,882 5,883 6,319 6,317 6,725 7,054 7,501 7,630 7,632 8,102 8,188 8,698 8,724 8,854 10,731 3,731 4,065 4,059 3,903 4,345 4,354 4,716 6,256 5,964 6,191 6,096 6,626 6,166 6,109 5,873 6,736 6,106 5,031 3,581 4,248 3,924 4,277 4,475 5,582 5,236.8 5,573.7 5,700.5 6,365.2 6,019.9 6,306.5 6,365.3 6,884.9 5,381.4 5,197.9 4,992.2 3,165.4 2,936 2,809 2,796.8 2,556.9 2,465.3 2,462.5
Net Debt 3,958 4,796 4,652 4,732 4,400 5,511 5,366 5,156 4,950 5,827 5,534 5,389 5,535 5,841 5,703 5,352 5,114 6,209 5,800 6,220 6,650 7,103 7,264 7,057 6,792 7,201 6,848 6,807 3,769 4,798 4,468 4,351 4,428 5,785 5,534 5,524 5,757 7,044 6,630 6,898 6,894 7,207 7,012 8,209 8,559 10,456 3,126 3,152 3,134 3,339 3,601 3,638 4,500 5,960 5,634 5,672 5,774 6,323 5,870 5,860 5,655 6,141 5,749 4,792 3,274 4,084 3,643 4,098 4,333 5,150.8 4,919.4 5,421.1 5,551.7 6,212.6 5,885.8 6,111 6,192.8 6,726.9 5,143.2 5,047.7 4,785.7 3,039.5 2,837.9 2,706.1 2,574.4 2,219.9 2,103.2 2,250.2
Metric 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 5,041.2 11 (4,448.2) 38 342 28 150 62 (71) 40 (22) 155 509 107 275 286 743 239 345 103 160 (92) (431) (3,581) 340 1 87 136 740 62 165 131 1,320 33 113 70 472 15 9 115 436 148 123 79 96 460 67 120 46 341 106 282 89 (447) 3 110 332 (668) 63 89 448 123 137 87 408 110 107 60 379.5 105.1 66.3 24.1 289.2 41.8 (27.2) (37.9) 244.9 (46.4) (66.9) (57) 107.3 44.3 3.8 32.2 146 20.2 8.9 21.7
Depreciation & Amortization 3 235 437 219 224 228 213 216 232 232 215 218 219 225 207 206 206 224 220 224 237 250 235 237 256 253 236 236 244 248 235 235 250 254 244 243 271 267 260 260 286 179 179 181 178 182 177 174 180 180 168 170 167 138 191 183 182 187 184 187 189 193 189 174 155 160 159 157 154.3 152 151.5 152.2 137.9 141.7 141.8 139.2 138.4 139.5 120.8 121.1 119.9 71.7 68.4 66.8 65.8 64.8 63.1 63.1
Stock-Based Compensation 62 15 (31) 13 16 14 15 13 2 15 16 14 10 14 17 13 23 10 11 11 10 8 7 6 (2) 12 14 14 15 17 14 17 12 15 18 13 5 19 21 16 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 118 (266) (12) (326) 546 (338) (311) (174) 212 (424) (154) (246) 344 (152) (433) (213) 903 (672) (204) 168 (76) 28 91 219 573 (467) 37 (397) 483 (427) (208) (56) 191 (439) (71) (24) 707 (602) 7 (395) (818) 200 (190) 164 (240) 350 (343) 196 (22) 355 (429) 131 (93) 96 (398) 244 465 (541) 139 (219) 272 (512) 15 (116) 653 (608) 301 (75) 516.7 (432.2) 240.7 (75.2) 482.6 (378.3) 332.6 (126.9) 239.8 (507) 49.8 (274.5) 64.7 (243.9) 22.9 (196.6) 10 (187.6) 145.4 (65.8)
Other Non-Cash Items (4,102.2) (7) 4,374.2 (6) 184 (86) (34) 22 973 21 125 (4) 13 23 652 (27) 10 20 92 31 131 62 295 3,180 300 15 4 (34) 102 23 16 (5) 183 22 (2) (68) 17 49 6 12 (402) 0 0 32 0 0 0 25 0 (731) 78 473 0 794 42 35 167 795 0 0 0 0 0 0 0 0 (41) 32 (40.1) 40 0.1 0 0 0.1 (0.1) 0 192 69.2 (0.1) 0 (3.6) (2.8) (0.8) 3.5 (2.8) 4.7 (2.7) (0.1)
Operating Cash Flow 1,183 (8) 319 (64) 1,308 (167) 8 129 1,147 (113) 166 105 1,127 185 55 248 1,871 (124) 471 494 405 251 157 (164) 1,436 (178) 388 (38) 1,306 (115) 222 322 1,555 (147) 302 234 1,493 (252) 552 8 (528) 609 56 456 34 960 (89) 515 204 165 (175) 1,009 169 657 (153) 533 1,017 (176) 386 58 956 (180) 341 146 1,281 (291) 526 174 1,164.9 (155.8) 462.7 101.2 1,015.2 (173) 428.9 (50.6) 815.1 (344.7) 33.5 (209.4) 288.3 (126.8) 92.6 (92.6) 243.7 (75.4) 215.1 27.1
Investing Activities
Capital Expenditure (24) (93) (79) (177) (119) (217) (203) (229) (244) (185) (268) (296) (312) (401) (321) (261) (212) (155) (131) (99) (80) (97) (129) (160) (345) (311) (237) (264) (255) (269) (218) (190) (210) (178) (195) (177) (231) (237) (216) (228) (178) (107) (36) (103) (72) (195) (157) (115) (41) (162) (187) (138) (81) (187) (206) (169) (252) (239) (182) (69) 1,239 (229) (189) (1,591) (318) (188) (138) (51) (285.5) (191.8) (168.8) (49.9) (322.5) (259.1) (202.4) (62) (339.7) (186.9) (123.9) (46) (184.1) (95.9) (79) (27.8) (158.8) (75.7) (55.3) (19.7)
Acquisitions (20) 20 0 0 0 0 0 4 50 0 7 0 0 49 0 73 46 84 26 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 2 (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
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.3) 0 0 0
Other Investing Activities (182) (1) (50) (33) (18) 46 (39) 8 (3) (90) (86) (55) (67) (77) (114) (6) 45 96 61 25 69 55 (30) 47 72 36 20 27 348 32 62 34 183 45 42 117 535 84 89 17 (1,834) (69) (25) (11) 1 (11) (18) (14) (11) (2) (5) (51) (11) 29 6 (163) (31) (16) 35 (50) (1,570) (45) (35) (12) 22 6 206 16 57.9 30.7 261.7 27.7 58.8 32.3 13.1 92 23.6 15.9 0 23.8 (492.6) 0.3 (75) 0.6 (109) 15.7 0 0
Investing Cash Flow (214) (163) (129) (133) (137) (82) (156) (217) (197) (185) (261) (270) (300) (354) (321) (194) (167) (59) (70) (74) (11) (42) (159) (113) (273) (275) (217) (237) 93 (237) (156) (156) (27) (133) (153) (60) 304 (153) (127) (211) (2,012) (176) (61) (114) (71) (206) (175) (129) (52) (164) (192) (189) (92) (156) (202) (332) (283) (255) (147) (119) (331) (274) (224) (1,603) (296) (182) 68 (35) (227.6) (161.1) 92.9 (22.2) (263.7) (226.8) (189.3) 30 (316.1) (171) (123.9) (22.2) (676.7) (95.6) (154) (27.2) (270.1) (60) (55.3) (19.7)
Financing Activities
Net Debt Issuance 381 (159) (221) (1) (86) (136) (34) (1) (160) 159 0 (1) (184) 183 (1) (465) (141) (1,455) (15) (300) (534) (4) (220) 1,496 (527) (3) (36) (3) (788) (4) (354) (3) (424) (4) (404) (146) (580) (171) 0 (3) 1,258 2 (18) (370) 16 38 130 (460) (6) (426) (563) (55) 33 (340) 360 (707) (631) 563 18 272 (970) 688 (45) 1,394 (781) 721 27 (499) (1,235.7) 421.6 (368.1) (126.8) (758.5) 414.1 (307.9) (58.9) (483) 412.2 213.8 174.4 535.8 246.4 57.9 (2.3) (88.4) 110.3 (11.5) (367.2)
Stock Repurchased 200 (51) (52) (97) (1) 0 0 0 0 0 (3) (35) 0 0 (17) (584) (206) (294) 0 0 (1) 0 0 0 0 (1) 0 0 0 0 0 0 0 0 0 (1) (86) (100) 0 (130) 0 1 (8) (263) (90) (160) (258) (107) (120) 0 (253) (138) (1) 0 (29) (123) (52) (120) (213) (218) 0 0 0 0 (63) (377) 0 0 (0.2) (0.1) 0 (1.7) (0.8) 0 0 (0.6) (0.6) 0 (0.1) (0.3) (0.1) 0 0 (0.3) 0 0 0 (0.2)
Dividends Paid (48) (49) (49) (51) (48) (48) (48) (48) (46) (45) (45) (45) (43) (43) (42) (45) (44) (46) 0 0 0 0 0 (117) (117) (116) (117) (116) (116) (115) (116) (116) (115) (116) (115) (115) (115) (116) (116) (112) (43) (23) (23) (25) (22) (23) (23) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Financing Activities (702) 47 29 (29) (44) 102 0 (21) (74) 110 (22) (13) (64) 55 (46) 0 74 84 (45) 0 271 17 22 (231) (139) 177 (86) (45) (28) 136 (77) (8) (71) 150 (54) (10) (181) 245 (44) 47 187 (54) (1) 0 0 0 0 (23) 0 924 (1) 0 0 5 (11) 423 (45) (6) 2 0 0 0 0 (10) 0 7 (375) 368 (0.6) (0.9) (47.2) 41.7 (0.1) (0.1) 1.6 (12.6) (5.5) 18.7 (40.2) (0.3) (67.4) 3 (2.2) (0.1) 0 0 0.2 (0.2)
Financing Cash Flow (169) (212) (293) (178) (179) (82) (82) (70) (280) 224 (70) (94) (291) 195 (106) (1,094) (310) (1,711) (60) (300) (264) 13 (198) 1,148 (783) 57 (239) (158) (928) 20 (537) (99) (607) 31 (567) (270) (957) (138) (159) (172) 1,381 48 55 (650) 25 (56) (73) (566) (124) 499 (815) (182) 47 (61) 321 (390) (715) 438 (192) 92 (1,002) 692 1 1,389 (842) 356 (492) (102) (1,226.7) 430.7 (390.7) (75.3) (755.2) 418.1 (300.9) 43.6 (484.4) 435.5 178.4 175.3 469 250.2 56.6 0.3 (88.1) 110.4 (10.1) (362.1)
Cash Position
Net Change in Cash 802 (382) (103) (375) 992 (331) (230) (158) 670 (74) (165) (259) 536 26 (372) (1,040) 1,394 (1,894) 341 120 130 222 (200) 871 380 (396) (68) (433) 471 (332) (471) 67 921 (249) (418) (96) 840 (543) 266 (375) (1,159) 481 50 (308) (12) 698 (337) (180) 28 500 (1,182) 389 124 340 (34) (189) 19 7 47 31 (377) 238 118 (68) (842) 356 (492) (102) (1,226.7) 430.7 (390.7) (75.3) (755.2) 418.1 (300.9) 43.6 (484.4) 435.5 178.4 175.3 469 250.2 56.6 0.3 (88.1) 110.4 (10.1) (362.1)
Cash at Beginning 447 829 935 1,310 318 649 876 1,034 364 441 606 865 329 303 672 1,715 321 2,215 1,874 1,754 1,624 1,402 1,602 731 351 747 815 1,248 777 1,109 1,580 1,513 534 783 1,201 1,297 457 1,000 734 1,109 1,399 918 868 913 925 227 564 744 716 216 1,398 1,009 885 296 330 519 303 296 249 218 595 357 239 307 0 0 0 142 0 0 0 148.8 0 0 0 172.5 0 0 0 206.5 0 0 0 222.4 0 0 0 567
Cash at End 1,249 447 832 935 1,310 318 646 876 1,034 367 441 606 865 329 300 675 1,715 321 2,215 1,874 1,754 1,624 1,402 1,602 731 351 747 815 1,248 777 1,109 1,580 1,455 534 783 1,201 1,297 457 1,000 734 240 1,399 918 605 913 925 227 564 744 716 216 1,398 1,009 636 296 330 322 303 296 249 218 595 357 239 (842) 356 (492) 40 (1,226.7) 430.7 (390.7) 73.5 (755.2) 418.1 (300.9) 216.1 (484.4) 435.5 178.4 381.8 469 250.2 56.6 222.7 (88.1) 110.4 (10.1) 204.9
Free Cash Flow 1,159 (101) 240 (241) 1,189 (384) (195) (100) 903 (298) (102) (191) 815 (216) (266) (13) 1,659 (279) 340 395 325 154 28 (324) 1,091 (489) 151 (302) 1,051 (384) 4 132 1,345 (325) 107 57 1,262 (489) 336 (220) (706) 502 20 353 (38) 765 (246) 400 163 3 (362) 871 88 470 (359) 364 765 (415) 204 (11) 2,195 (409) 152 (1,445) 963 (479) 388 123 879.4 (347.6) 293.9 51.3 692.7 (432.1) 226.5 (112.6) 475.4 (531.6) (90.4) (255.4) 104.2 (222.7) 13.6 (120.4) 84.9 (151.1) 159.8 7.4
Key Metrics 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 1999 Q4
Income Statement
Revenue 7,916 4,913 4,999 4,793 8,007 4,903 5,096 5,000 8,375 5,038 5,280 5,173 8,526 5,467 5,834 5,565 8,930 5,653 5,844 4,865 7,037 4,185 3,727 3,148 8,577 5,356 5,722 5,676 8,695 5,589 5,758 5,698 8,666 5,426 5,803 5,511 8,515 5,626 5,866 5,771 8,869 5,874 6,104 6,232 9,364 6,195 6,267 6,279 9,202 6,276 6,066 6,387 9,350 6,075 6,118 6,143 8,724 5,853 5,939 5,889 8,269 5,623 5,537 5,574 7,849 5,277 5,164 5,199 7,934 5,493 5,718 5,747 8,594 5,906 5,892 5,921 9,159 5,886 5,995 5,930 9,341 5,555 3,623 3,641 5,074 3,525 3,581 3,550 5,053 3,434 5,017 3,486 4,322 3,732 3,556 6,115 4,195 4,065 4,032 5,656
Gross Profit 2,112 2,058 2,099 1,998 3,016 2,039 2,158 2,054 3,299 2,133 2,104 2,185 3,076 2,263 2,412 2,334 3,423 2,446 2,491 1,976 2,539 1,616 1,009 647 3,311 2,250 2,327 2,273 3,407 2,363 2,438 2,316 3,308 2,274 2,400 2,208 3,264 2,240 2,398 2,255 3,320 2,337 2,494 2,432 3,775 2,429 2,595 2,443 3,738 2,459 2,533 2,476 3,796 2,403 2,563 2,386 3,573 2,309 2,482 2,303 3,414 2,246 2,323 2,196 3,272 2,121 2,143 1,980 3,122 2,169 2,372 2,220 3,573 2,321 2,385 2,357 3,740 2,345 2,391 2,297 3,792 2,243 1,497 1,465 2,073 1,404 1,470 1,427 2,072 1,409 2,003 1,435 1,652 1,474 1,379 2,592 1,867 1,870 1,824 2,620
Operating Income 739 42 155 94 499 64 222 125 (71) 83 124 244 676 192 399 463 1,015 523 597 215 401 (127) (631) (4,119) 559 52 155 203 1,050 147 303 238 1,213 118 282 219 815 107 117 276 936 258 436 409 1,364 422 571 443 1,349 360 534 435 1,391 325 554 391 1,284 291 506 330 1,144 177 370 203 874 55 248 (114) (4,735) 68 259 30 1,222 183 250 208 1,260 134 422 20 1,180 687 291 252 763 175 245 217 758 264 634 300 570 211 178 (127) 204 220 253 856
Net Income 506 11 87 38 342 28 150 62 (70) 41 (22) 155 509 108 275 286 743 239 345 103 160 (91) (431) (3,581) 340 2 86 136 740 62 166 139 1,325 30 111 78 475 17 11 116 544 118 217 193 793 217 292 224 811 177 281 217 730 145 279 181 745 139 241 131 667 10 147 23 466 (35) 7 (88) (4,773) (44) 73 (59) 750 33 74 36 733 (3) 317 (52) 699 436 148 123 440 74 78 97 460 120 341 282 (447) 110 58 332 (668) 63 89 448
EPS (Diluted) 1.83 0.04 0.31 0.14 1.21 0.10 0.53 0.22 -0.26 0.15 -0.08 0.56 1.83 0.39 0.99 0.98 2.44 0.76 1.08 0.32 0.50 -0.29 -1.38 -11.53 1.09 0.01 0.28 0.44 2.37 0.20 0.53 0.45 4.31 0.10 0.36 0.26 1.54 0.05 0.03 0.37 1.73 0.36 0.64 0.56 2.22 0.61 0.80 0.60 2.16 0.47 0.72 0.55 1.83 0.36 0.67 0.43 1.74 0.32 0.55 0.30 1.55 0.02 0.35 0.05 1.10 -0.08 0.02 -0.21 -11.33 -0.10 0.17 -0.14 1.73 0.08 0.16 0.08 1.40 -0.01 0.57 -0.09 1.26 0.90 0.42 0.36 1.28 0.21 0.22 0.27 1.26 0.32 0.89 0.70 -1.12 0.28 0.14 0.82 -1.66 0.15 0.21 1.02
Balance Sheet
Cash & Equivalents 1,246 447 829 932 1,306 315 646 876 1,034 364 438 603 862 326 300 672 1,712 316 2,137 1,798 1,679 1,551 1,395 1,523 685 301 674 737 1,162 736 1,068 1,531 1,455 534 783 1,201 1,297 457 1,000 734 1,208 981 1,686 515 295 275 605 913 925 564 744 716 216 296 330 519 322 303 296 249 218 595 357 239 307 164 281 179 142 431.2 317.4 152.6 148.8 152.6 134.1 195.5 172.5 158 238.2 150.2 206.5 125.9 98.1 102.9 222.4 337 362.1 212.3
Total Assets 16,238 17,064 15,551 16,089 16,402 17,293 15,833 16,449 16,246 18,111 16,304 16,868 16,866 18,230 16,342 16,972 17,590 18,279 18,417 18,082 17,706 19,214 17,614 18,581 21,172 22,547 20,741 21,296 19,194 20,361 18,668 19,568 19,381 20,215 18,579 19,641 19,851 21,274 19,706 20,198 20,438 20,636 21,300 20,784 21,331 29,669 14,065 14,623 14,550 14,076 14,416 14,441 15,698 17,534 16,618 16,923 17,012 18,046 17,575 17,655 17,692 18,559 16,879 15,430 13,464 14,217 13,351 13,553 13,738 14,931.5 13,874.1 14,100.1 14,264.1 15,096.7 14,032.4 14,150.7 14,295.1 15,354.2 12,457.3 12,365.4 12,379.7 8,169.3 7,530.2 7,371.4 7,419.4 7,131.2 6,665.8 6,623.5
Total Debt 5,204 5,243 5,481 5,664 5,706 5,826 6,012 6,032 5,984 6,191 5,972 5,992 6,397 6,167 6,003 6,024 6,826 6,525 7,937 8,018 8,329 8,654 8,659 8,580 7,477 7,502 7,522 7,544 4,931 5,534 5,536 5,882 5,883 6,319 6,317 6,725 7,054 7,501 7,630 7,632 8,102 8,188 8,698 8,724 8,854 10,731 3,731 4,065 4,059 3,903 4,345 4,354 4,716 6,256 5,964 6,191 6,096 6,626 6,166 6,109 5,873 6,736 6,106 5,031 3,581 4,248 3,924 4,277 4,475 5,582 5,236.8 5,573.7 5,700.5 6,365.2 6,019.9 6,306.5 6,365.3 6,884.9 5,381.4 5,197.9 4,992.2 3,165.4 2,936 2,809 2,796.8 2,556.9 2,465.3 2,462.5
Stockholders' Equity 4,860 4,328 4,451 4,451 4,552 4,147 4,303 4,186 4,035 4,144 4,210 4,170 4,082 3,475 3,531 3,278 3,621 3,008 3,146 2,675 2,553 2,243 2,324 2,697 6,377 6,057 6,315 6,323 6,436 5,667 5,916 5,821 5,673 4,231 4,388 4,302 4,323 3,789 4,046 4,148 4,887 4,739 4,701 4,549 4,555 9,440 5,846 6,046 5,940 5,707 5,668 5,762 5,680 5,746 5,770 5,765 5,822 5,525 6,314 6,461 6,552 6,124 5,996 5,813 5,709 5,368 5,309 5,345 5,256 4,871.3 4,755.9 4,703.3 4,669.2 4,376.3 4,330.1 4,351.5 4,273.7 4,023.8 3,524.3 3,584.9 3,639.6 2,364.5 2,318.8 2,313.7 2,278.2 2,131.3 2,110.2 2,099.3
Cash Flow
Operating Cash Flow 1,183 (8) 319 (64) 1,308 (167) 8 129 1,147 (113) 166 105 1,127 185 55 248 1,871 (124) 471 494 405 251 157 (164) 1,436 (178) 388 (38) 1,306 (115) 222 322 1,555 (147) 302 234 1,493 (252) 552 8 (528) 609 56 456 34 960 (89) 515 204 165 (175) 1,009 169 657 (153) 533 1,017 (176) 386 58 956 (180) 341 146 1,281 (291) 526 174 1,164.9 (155.8) 462.7 101.2 1,015.2 (173) 428.9 (50.6) 815.1 (344.7) 33.5 (209.4) 288.3 (126.8) 92.6 (92.6) 243.7 (75.4) 215.1 27.1
Capital Expenditure (24) (93) (79) (177) (119) (217) (203) (229) (244) (185) (268) (296) (312) (401) (321) (261) (212) (155) (131) (99) (80) (97) (129) (160) (345) (311) (237) (264) (255) (269) (218) (190) (210) (178) (195) (177) (231) (237) (216) (228) (178) (107) (36) (103) (72) (195) (157) (115) (41) (162) (187) (138) (81) (187) (206) (169) (252) (239) (182) (69) 1,239 (229) (189) (1,591) (318) (188) (138) (51) (285.5) (191.8) (168.8) (49.9) (322.5) (259.1) (202.4) (62) (339.7) (186.9) (123.9) (46) (184.1) (95.9) (79) (27.8) (158.8) (75.7) (55.3) (19.7)
Free Cash Flow 1,159 (101) 240 (241) 1,189 (384) (195) (100) 903 (298) (102) (191) 815 (216) (266) (13) 1,659 (279) 340 395 325 154 28 (324) 1,091 (489) 151 (302) 1,051 (384) 4 132 1,345 (325) 107 57 1,262 (489) 336 (220) (706) 502 20 353 (38) 765 (246) 400 163 3 (362) 871 88 470 (359) 364 765 (415) 204 (11) 2,195 (409) 152 (1,445) 963 (479) 388 123 879.4 (347.6) 293.9 51.3 692.7 (432.1) 226.5 (112.6) 475.4 (531.6) (90.4) (255.4) 104.2 (222.7) 13.6 (120.4) 84.9 (151.1) 159.8 7.4