Marsh & McLennan Companies, Inc. logo MMC - Marsh & McLennan Companies, Inc.

Inactive Ticker MMC is not actively trading. Quotes and analytics may be stale.
Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 8
HOLD 17
SELL 1
STRONG
SELL 0
| PRICE TARGET: $206.75 DETAILS
HIGH: $236.00
LOW: $190.00
MEDIAN: $204.00
CONSENSUS: $206.75
UPSIDE: 13.16%
Annual Quarterly
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3 2005 Q2 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 7,597 6,595 6,351 6,974 7,061 6,067 5,697 6,221 6,473 5,554 5,382 5,876 5,924 5,022 4,770 5,379 5,549 5,137 4,583 5,017 5,083 4,416 3,968 4,189 4,651 4,264 3,968 4,349 4,071 3,712 3,504 3,734 4,000 3,685 3,341 3,495 3,503 3,364 3,135 3,376 3,336 3,338 3,115 3,225 3,215 3,246 3,141 3,300 3,264 3,115 2,932 3,088 3,126 3,002 2,845 3,026 3,051 2,908 2,806 2,928 2,884 2,785 2,524 2,606 2,635 2,732 2,354 2,470 2,609 2,662 2,838 3,033 3,039 2,925 2,716 2,819 2,812 3,032 2,884 2,980 2,674 2,476 2,779 2,977 3,182 2,944 2,950 3,028 3,196 3,034 2,865 2,640 2,612 2,473 2,541 2,594 2,476 2,535 2,481 2,665
Cost of Revenue 0 0 3,894 3,895 3,850 3,630 3,442 3,454 3,470 3,268 3,287 3,337 3,207 3,038 2,923 3,010 3,100 2,905 2,853 2,860 2,807 2,650 2,495 2,429 2,555 2,478 2,437 2,537 2,282 2,163 2,083 2,135 2,224 2,098 1,968 1,998 2,005 1,918 1,817 1,872 1,854 1,900 1,878 1,826 1,730 1,896 1,904 1,876 1,839 1,833 1,824 1,766 1,803 7,134 1,760 1,776 1,796 0 0 0 0 0 0 0 0 0 0 1,528 1,571 0 0 0 0 0 0 0 0 1,820 1,742 1,802 0 993 1,731 1,760 2,910 0 834 2,396 2,423 2,447 2,266 2,130 2,047 2,193 2,015 1,949 1,746 1,916 1,875 1,953
Gross Profit 0 0 2,457 3,079 3,211 2,437 2,255 2,767 3,003 2,286 2,095 2,539 2,717 1,984 1,847 2,369 2,449 2,232 1,730 2,157 2,276 1,766 1,473 1,760 2,096 1,786 1,531 1,812 1,789 1,549 1,421 1,599 1,776 1,587 1,373 1,497 1,498 1,446 1,318 1,504 1,482 1,438 1,237 1,399 1,485 1,350 1,237 1,424 1,425 1,282 1,108 1,322 1,323 (4,132) 1,085 1,250 1,255 2,908 2,806 2,928 2,884 2,785 2,524 2,606 2,635 2,732 2,354 942 1,038 2,662 2,838 3,033 3,039 2,925 2,716 2,819 2,812 1,212 1,142 1,178 2,674 1,483 1,048 1,217 272 2,944 2,116 632 773 587 599 510 565 280 526 645 730 619 606 712
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,555 2,478 2,437 2,537 2,282 2,163 2,083 2,135 2,224 2,098 1,968 1,998 2,005 1,918 1,817 1,872 1,854 1,900 1,878 1,826 1,730 1,896 1,904 1,876 1,839 1,833 1,824 1,766 1,803 1,802 1,760 1,776 1,796 1,767 1,753 1,728 1,721 1,690 1,586 1,614 1,575 1,703 1,533 1,528 1,571 2,563 2,768 1,879 1,828 2,760 2,600 2,546 2,425 809 2,288 841 2,337 1,360 861 924 2,809 0 1,716 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Expenses 5,843 5,376 1,287 1,250 1,206 1,295 1,147 1,125 1,078 1,183 1,099 1,082 991 1,304 1,056 1,005 1,004 1,246 990 929 918 1,195 933 875 (1,529) (1,284) (1,373) (1,405) (1,431) (1,235) (1,203) (1,227) (1,356) (1,197) (1,130) (1,202) (1,256) (1,105) (1,071) (1,094) (1,105) (1,056) (1,102) (1,056) (980) (1,082) (1,112) (1,099) (1,087) (1,040) (1,120) (1,021) (1,087) (6,340) (1,053) (1,044) (1,068) 750 743 735 691 770 699 1,042 635 1,039 626 (880) (857) 0 0 974 1,299 0 (78) 0 0 0 (1,742) 0 0 40 0 0 (2,910) 3,829 272 0 0 0 0 0 0 0 0 0 185 103 100 100
Operating Expenses 5,843 5,376 1,287 1,250 1,206 1,295 1,147 1,125 1,078 1,183 1,099 1,082 991 1,304 1,056 1,005 1,004 1,246 990 929 918 1,195 933 875 1,026 1,194 1,064 1,132 851 928 880 908 868 901 838 796 749 813 746 778 749 844 776 770 750 814 792 777 752 793 704 745 716 (4,538) 707 732 728 2,517 2,496 2,463 2,412 2,460 2,285 2,656 2,210 2,742 2,159 648 714 2,563 2,768 2,853 3,127 2,760 2,522 2,546 2,425 809 822 841 2,337 1,400 861 924 0 3,829 1,988 0 0 0 0 0 0 0 0 0 185 103 100 100
Operating Income
Operating Income 1,754 1,219 1,170 1,829 2,005 1,142 1,108 1,642 1,925 1,103 996 1,457 1,726 680 791 1,364 1,445 986 740 1,228 1,358 571 540 885 1,070 592 467 680 938 621 541 691 908 686 535 701 749 633 572 726 733 594 461 629 735 536 445 647 673 489 404 577 607 406 378 518 527 391 310 465 472 325 239 (50) 425 (10) 195 294 324 99 70 180 (88) 165 194 273 387 403 244 337 337 83 187 293 261 (885) 128 632 773 587 599 510 565 280 526 645 545 516 506 612
Interest Expense (240) 235 237 243 245 231 154 156 159 151 145 146 136 127 118 114 110 109 107 110 118 128 128 132 127 130 133 141 120 92 69 68 61 59 60 60 58 48 47 48 46 46 41 40 36 36 45 42 42 43 40 40 44 46 44 45 46 50 49 49 51 53 60 60 60 61 59 65 56 0 0 55 56 0 0 0 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 11 14 10 5 19 22 12 12 37 38 16 10 14 9 4 1 1 0 1 1 0 2 1 2 2 5 4 2 28 3 2 3 3 3 2 2 2 1 0 2 2 4 3 3 3 5 6 5 5 5 5 4 4 6 6 6 6 7 9 5 7 7 6 3 4 4 3 4 6 0 0 12 18 0 0 0 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 1,754 1,219 1,394 2,120 2,299 1,441 1,369 1,897 2,219 1,385 1,255 1,708 1,969 942 1,020 1,594 1,714 1,248 1,002 1,512 1,637 862 772 1,098 1,317 828 717 876 1,189 439 578 909 1,102 826 717 887 931 744 681 839 843 708 606 738 841 503 575 744 788 573 512 694 719 511 467 612 636 476 332 546 581 434 327 64 534 105 314 359 405 201 168 279 39 269 296 389 507 548 355 448 458 193 306 423 392 (763) 251 735 881 686 698 604 654 407 660 776 730 619 606 712
EBIT 0 0 1,170 1,889 2,072 1,240 1,189 1,721 2,030 1,199 1,075 1,530 1,800 740 851 1,426 1,534 1,070 823 1,319 1,440 668 587 919 1,134 661 547 691 1,064 316 454 787 977 701 597 771 811 636 572 729 732 597 498 635 740 404 477 650 691 481 423 604 632 416 380 528 553 394 247 464 498 351 243 (29) 437 17 220 266 315 99 70 176 (62) 165 194 273 387 403 244 337 337 83 187 293 261 (885) 128 632 773 587 599 510 565 280 526 645 545 516 506 612
Income Before Tax 1,581 1,056 1,010 1,646 1,827 1,009 1,035 1,565 1,871 1,048 930 1,384 1,664 613 733 1,312 1,424 961 716 1,209 1,322 540 459 787 1,007 531 414 550 944 224 385 719 916 642 537 711 753 588 525 681 686 551 457 595 704 368 432 608 649 438 383 564 588 370 336 483 507 344 198 415 447 298 183 (89) 377 (44) 161 201 259 71 3 121 (118) 140 159 213 335 350 261 272 274 18 89 231 212 (941) 79 588 728 561 560 491 531 243 472 593 473 460 444 557
Income Tax Expense 395 222 253 415 415 208 283 425 447 283 192 337 412 142 181 334 338 154 174 382 324 161 139 207 240 135 108 206 217 65 106 183 220 614 140 204 175 147 141 201 196 171 128 166 206 99 127 168 192 131 123 164 176 105 90 144 153 100 65 129 128 106 55 (60) 103 (48) (46) 44 80 (5) (18) 66 94 44 75 70 106 119 77 96 73 16 24 69 74 (268) 52 194 281 161 189 158 189 96 179 224 187 178 168 220
Net Income 1,146 821 747 1,211 1,381 788 747 1,125 1,400 756 730 1,035 1,235 466 546 967 1,071 803 537 820 983 374 316 572 754 391 303 332 716 153 276 531 690 29 393 501 569 436 379 472 481 375 323 419 482 294 297 431 443 303 253 388 413 259 241 329 347 256 130 282 325 203 168 236 248 23 221 (193) 176 80 (8) 65 (210) 85 1,945 177 268 226 176 172 416 39 69 166 134 (680) 21 389 446 375 365 312 336 144 293 369 286 282 276 337
Per Share Data
EPS (Basic) 2.37 1.69 1.52 2.46 2.81 1.60 1.52 2.29 2.85 1.53 1.48 2.09 2.49 0.94 1.10 1.93 2.13 1.59 1.06 1.61 1.93 0.74 0.62 1.13 1.49 0.77 0.60 0.66 1.42 0.30 0.55 1.05 1.36 0.06 0.77 0.98 1.10 0.85 0.73 0.91 0.92 0.72 0.61 0.78 0.89 0.54 0.55 0.78 0.81 0.55 0.46 0.71 0.75 0.48 0.44 0.60 0.64 0.47 0.24 0.51 0.59 0.37 0.30 0.43 0.46 0.04 0.41 -0.37 0.33 0.16 -0.02 0.12 -0.40 0.16 3.64 0.32 0.49 0.41 0.32 0.31 0.76 0.07 0.13 0.31 0.25 -1.28 0.04 0.75 0.85 0.71 0.68 0.58 0.62 0.26 0.54 0.67 0.52 0.52 0.51 0.63
EPS (Diluted) 2.36 1.68 1.51 2.45 2.79 1.59 1.51 2.27 2.82 1.52 1.46 2.07 2.47 0.93 1.09 1.91 2.10 1.57 1.05 1.60 1.91 0.73 0.62 1.12 1.48 0.76 0.59 0.65 1.40 0.30 0.54 1.04 1.34 0.06 0.76 0.96 1.09 0.84 0.73 0.90 0.91 0.71 0.61 0.77 0.88 0.54 0.54 0.77 0.80 0.54 0.45 0.69 0.74 0.47 0.44 0.59 0.63 0.47 0.24 0.50 0.58 0.37 0.30 0.43 0.45 0.04 0.41 -0.37 0.33 0.16 -0.02 0.12 -0.40 0.16 3.60 0.31 0.47 0.41 0.31 0.31 0.75 0.07 0.12 0.31 0.25 -1.28 0.04 0.73 0.83 0.71 0.66 0.58 0.60 0.26 0.51 0.64 0.52 0.49 0.48 0.60
Shares Outstanding 484 487 491 492 492 492 492 492 492 493 494 495 495 496 498 501 503 504 506 508 509 507 507 506 505 504 506 507 505 504 504 507 508 510 512 514 515 515 518 521 521 522 528 535 539 541 544 549 548 548 549 551 548 545 544 545 542 539 540 547 544 543 543 541 533 525 524 522 515 514 513 512 519 519 534 548 553 549 550 549 547 547 539 535 531 531 521 522 525 525 534 536 545 547 552 552 552 544 540 536
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 1,611 2,687 2,511 1,677 1,604 2,398 1,798 1,653 1,452 3,358 2,901 1,171 1,006 1,442 802 909 772 1,752 1,398 888 1,120 2,089 2,388 1,711 1,480 1,155 1,213 1,294 1,117 1,066 951 1,036 1,168 1,205 1,078 966 930 1,026 1,388 974 918 1,475 1,167 1,777 1,291 1,414 2,819 399 634 665 618 566 546 675 600 402 333 240 341 439 507 428 641 599 590 610 667 598 567 424.3 434.9 500.4 592.4 299.6 417.4 338.8 338.7 328.1 383.2 342.8 285.1 294.9 338.9 351.3 367.7 332 386.9 375.8 394.9
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 0
Net Receivables 8,427 7,670 8,079 8,457 7,872 7,156 7,422 7,739 7,216 6,418 6,520 6,986 6,700 5,852 5,819 6,286 5,963 5,586 5,624 5,839 5,597 5,326 5,236 5,647 5,558 5,236 5,198 5,281 4,456 4,317 4,476 4,601 4,562 4,133 3,909 3,984 3,795 3,643 3,603 3,434 3,329 3,215 2,935 2,724 2,854 2,746 3,001 2,867 3,012 2,703 2,694 2,550 2,478 2,463 2,730 2,702 2,714 2,812 2,843 2,656 2,611 2,298 2,153 2,173 2,035 1,909 1,636 1,686 1,606 1,498 1,421.6 1,415.2 1,363.5 1,085.8 1,019.6 1,076.9 1,111.6 1,132.5 1,046.1 1,074.1 1,003 955 914.9 923.3 965.2 853 854.8 853 834.9
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6,359 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 110 127 150 181 201 226 239 0 0 0 0 0 0 0 0 0 0 0 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 Assets 13,198 12,843 13,109 13,200 12,985 12,563 13,066 12,630 12,631 11,972 12,858 12,645 1,407 1,005 953 974 1,053 926 855 846 832 701 688 739 711 677 645 951 743 551 539 538 540 224 228 232 256 215 218 522 551 478 490 430 345 350 332 239 404 233 89 88 188 46 586 601 514 587 503 600 539 557 609 654 732 726 543 579 606 646.6 480.1 460.1 440.8 363.2 279.9 254.5 228.5 218.5 181.4 196.1 210.9 196.1 179.7 166.6 153.6 127.4 89.4 75.8 67.5
Total Current Assets 23,236 23,200 23,699 23,334 22,461 22,117 22,286 22,022 21,299 21,748 22,279 20,802 9,113 8,299 7,574 8,169 7,788 8,264 7,877 7,573 7,549 8,116 8,312 8,097 7,749 7,068 7,056 7,526 12,675 5,934 5,966 6,175 6,270 5,562 5,215 5,182 4,981 4,884 5,209 4,930 4,798 5,168 4,592 4,931 4,490 4,510 6,152 3,725 4,304 3,901 3,763 3,606 3,664 3,662 3,916 3,705 3,561 3,639 3,687 3,695 3,657 3,283 3,403 3,426 3,357 3,245 2,846 2,863 2,779 2,568.9 2,336.6 2,375.7 2,396.7 1,748.6 1,716.9 1,670.2 1,678.8 1,679.1 1,610.7 1,613 1,499 1,446 1,433.5 1,441.2 1,486.5 1,312.4 1,331.1 1,304.6 1,297.3
Non-Current Assets
Property, Plant & Equipment 2,274 2,289 1,436 0 2,317 2,357 2,371 2,347 2,371 2,423 2,378 2,439 2,453 2,433 2,480 2,607 2,690 2,715 2,723 2,799 2,654 2,750 2,748 2,748 2,735 2,779 2,773 2,815 2,341 701 707 698 713 712 728 721 722 725 717 736 757 815 920 952 970 945 983 1,355 1,377 1,389 1,386 1,322 1,308 1,249 1,222 1,271 1,365 1,360 1,325 1,339 1,327 1,314 1,346 1,264 1,240 1,287 934 884 940 957.3 960.5 969.1 954 770.1 731.6 729.3 755.6 757.5 754.4 756.9 749.9 740.3 703.5 695.2 685.4 688.1 695.5 698.3 700.3
Goodwill 0 0 23,949 23,919 23,538 23,306 18,235 17,516 17,314 17,231 16,655 16,621 16,300 16,251 15,576 15,963 16,254 16,317 15,648 15,775 15,458 15,517 15,034 14,797 14,412 14,671 14,286 14,479 9,739 9,599 9,435 9,177 9,194 9,089 9,100 8,821 8,769 8,369 7,975 7,945 7,950 6,157 6,801 2,724 2,854 2,746 7,756 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 4,671 4,770 4,736 4,820 2,720 2,638 2,631 2,630 2,498 2,508 2,452 2,537 2,403 2,538 2,720 2,810 2,587 2,717 2,603 2,699 2,711 2,761 2,663 2,774 2,869 3,083 1,464 1,437 1,329 1,234 1,256 1,274 1,320 1,233 1,291 1,126 907 955 1,035 342 449 0 0 0 0 5,938 5,954 5,797 5,741 5,412 5,404 5,354 5,363 5,405 5,463 5,476 5,564 5,540 5,480 5,542 5,108 4,846 4,811 4,826 2,822 2,720 2,514 2,417.1 2,171.4 2,194.1 2,133.2 545.3 552.4 553 715.4 729.7 733.6 748.6 744.1 701 691.8 675.1 655.5 660.1 664 643.8 655.3
Long-Term Investments 0 0 0 493 471 541 472 466 455 2,051 2,310 2,331 376 377 375 390 403 2,270 1,935 1,911 1,823 1,768 1,825 1,672 1,619 1,632 1,857 1,821 1,815 661 576 634 643 720 1,155 981 872 619 1,253 1,197 1,181 199 0 94 397 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 3,969 3,926 4,780 5,759 3,242 3,103 3,538 3,317 3,226 1,590 1,532 1,500 3,295 3,199 3,082 3,236 3,303 1,461 1,520 1,509 1,482 1,458 1,505 1,476 1,519 1,757 1,653 1,764 1,423 2,566 2,619 2,709 2,749 2,403 1,225 1,529 1,325 1,370 1,212 1,220 1,290 1,796 1,104 945 899 2,276 2,652 3,766 3,875 3,966 3,567 3,517 3,479 2,753 2,942 3,019 3,102 3,294 3,040 3,062 2,955 2,882 2,532 2,441 2,461 2,513 2,126 2,132 2,111 1,970.9 1,916.6 1,917.9 1,773.7 1,481.2 1,299.9 1,241.7 1,288.7 1,163.2 1,122.4 1,029.1 971.2 943.3 944.6 901.2 874.7 886 632.7 572.8 520.9
Total Non-Current Assets 35,316 35,510 35,084 35,221 34,554 34,364 27,578 26,569 26,273 26,282 25,721 25,764 25,245 25,155 24,449 25,271 25,900 26,124 25,105 25,380 24,724 24,914 24,446 24,072 23,642 24,249 24,041 24,590 17,462 15,644 15,163 14,984 15,109 14,867 14,475 14,260 13,988 13,306 13,149 13,146 13,330 10,453 10,370 10,406 10,431 10,350 11,391 11,059 11,206 11,152 10,694 10,251 10,191 9,356 9,527 9,695 9,930 10,130 9,929 9,941 9,762 9,738 8,986 8,551 8,512 8,626 5,882 5,736 5,565 5,345.3 5,048.5 5,081.1 4,860.9 2,796.6 2,583.9 2,524 2,759.7 2,650.4 2,610.4 2,534.6 2,465.2 2,384.6 2,339.9 2,271.5 2,215.6 2,234.2 1,992.2 1,914.9 1,876.5
Total Assets 58,552 58,710 58,783 58,555 57,015 56,481 49,864 48,591 47,572 48,030 48,000 46,566 34,358 33,454 32,023 33,440 33,688 34,388 32,982 32,953 32,273 33,030 32,758 32,169 31,391 31,317 31,097 32,116 30,137 21,578 21,129 21,159 21,379 20,429 19,690 19,442 18,969 18,190 18,358 18,076 18,128 15,621 14,962 15,337 14,921 14,860 17,543 14,784 15,510 15,053 14,457 13,857 13,855 13,018 13,443 13,400 13,491 13,769 13,616 13,636 13,419 13,021 12,389 11,977 11,869 11,871 8,728 8,599 8,344 7,914.2 7,385.1 7,456.8 7,257.6 4,545.2 4,300.8 4,194.2 4,438.5 4,329.5 4,221.1 4,147.6 3,964.2 3,830.6 3,773.4 3,712.7 3,702.1 3,546.6 3,323.3 3,219.5 3,173.8
Current Liabilities
Account Payables 0 0 3,355 3,434 3,450 3,402 3,099 3,205 3,379 3,403 3,143 3,137 3,406 3,278 2,903 3,029 3,084 3,165 2,833 2,830 2,940 3,050 2,662 2,668 2,611 2,746 2,479 2,600 2,244 2,234 2,293 2,246 2,343 2,083 2,002 2,027 2,033 1,969 1,862 1,868 1,879 2,273 1,870 1,751 1,712 1,670 1,596 1,500 1,774 1,501 1,561 1,512 1,406 1,360 1,559 1,428 1,605 1,964 1,830 1,817 1,800 1,762 1,142 1,451 1,448 1,338 1,130 1,150 1,269 1,223 679.2 767.2 933.8 447.5 406.9 432.9 453.5 485.4 437.8 466.1 485.7 496.7 438.6 398.5 496.6 375.6 351.9 341.2 356.2
Short-Term Debt 2,028 1,600 1,263 769 1,667 519 518 1,267 1,169 1,619 1,868 2,375 2,111 268 967 1,311 1,191 17 516 516 1,015 517 1,216 1,216 2,409 1,215 1,139 1,663 1,562 314 638 439 512 262 13 162 412 312 262 261 265 558 558 558 9 408 262 911 1,045 447 369 772 543 490 1,011 1,145 1,209 337 780 1,299 1,534 1,131 1,015 957 2,360 2,234 480 648 503 237 297.4 609.2 618.2 392.4 467.9 336 655.7 571.1 539.9 573.9 473.1 403 379.7 378 359.7 273.8 297.3 295.8 315.2
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 18,877 19,460 15,090 14,243 13,377 14,896 14,708 13,583 12,997 14,140 14,460 13,585 1,443 13,755 2,396 1,914 1,400 2,942 2,365 1,775 1,220 2,400 1,762 1,345 1,018 2,197 1,762 1,375 1,175 2,219 1,406 1,103 813 1,718 1,377 1,073 765 1,655 1,310 1,015 724 95 0 75 0 0 275 178 163 606 167 151 152 151 147 148 140 1,818 1,452 1,210 1,123 1,425 1,402 1,196 1,032 1,430 1,104 872 764 919.4 748 757.8 570.3 716.4 588.6 525.3 429.4 513 500.1 476.4 458.4 492.6 483.6 450.5 388.2 460.5 431.7 442 390.9
Total Current Liabilities 20,905 21,060 21,098 19,400 19,775 19,518 19,604 18,864 18,660 19,795 20,605 19,813 7,914 17,832 7,292 7,016 6,587 6,654 6,659 5,816 6,123 6,556 6,530 5,928 6,859 6,679 6,204 6,382 5,739 4,924 4,727 4,216 4,122 4,262 3,814 3,649 3,588 4,082 3,825 3,504 3,159 3,845 3,174 3,703 2,670 2,797 4,173 4,172 4,386 4,089 3,859 3,691 3,863 3,424 4,053 3,889 3,875 4,119 4,062 4,326 4,457 4,318 3,559 3,604 4,840 5,002 2,714 2,670 2,536 2,379.4 1,724.6 2,134.2 2,122.3 1,556.3 1,463.4 1,294.2 1,538.6 1,569.5 1,477.8 1,516.4 1,417.2 1,392.3 1,301.9 1,227 1,244.5 1,109.9 1,080.9 1,079 1,062.3
Non-Current Liabilities
Long-Term Debt 20,423 19,849 18,317 18,960 18,862 19,428 12,330 12,278 12,300 11,844 11,781 10,247 10,841 11,227 10,399 10,487 10,552 10,933 10,228 10,257 10,242 10,796 11,532 11,985 11,231 10,741 11,429 11,459 11,472 5,510 5,512 5,813 5,815 5,225 5,475 5,479 5,479 4,495 4,494 4,496 4,748 3,030 3,032 3,034 3,588 3,590 3,607 2,299 2,908 2,910 2,877 2,881 2,891 2,888 2,346 2,346 2,347 2,347 2,350 2,349 2,351 2,357 2,591 2,597 1,564 1,590 1,280 1,294 1,163 1,239.8 1,268.4 1,110.5 1,169.7 458.2 408.5 409.5 409.7 410.6 411.2 411.1 409.3 409.4 408.1 408.8 408.8 409.8 409.4 410.2 411.1
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Liabilities 2,418 2,486 2,495 2,673 2,547 2,410 2,430 2,298 2,390 2,360 2,385 2,668 2,684 (8,021) 2,921 3,268 3,562 3,699 4,307 4,624 4,462 4,533 3,965 3,962 3,952 4,028 3,710 3,957 3,350 3,560 3,352 3,333 3,421 3,500 3,270 3,240 3,283 3,341 3,285 3,371 3,450 2,703 2,742 2,737 2,903 2,779 2,841 2,689 2,634 2,603 2,274 2,131 2,083 1,700 1,949 1,939 2,003 2,075 2,201 2,322 2,162 2,176 1,967 1,695 1,706 1,620 1,157 1,115 1,138 1,096.2 1,068.6 1,029.3 963.9 642.1 689.4 678.6 714.6 683.9 652.1 603.2 575.1 568.3 568.5 651.5 673.2 661.6 591.4 568.5 560
Total Non-Current Liabilities 22,841 22,335 22,326 23,179 22,972 23,428 16,378 16,162 16,290 15,865 15,809 14,614 15,248 4,873 14,940 15,507 15,945 16,512 16,435 16,873 16,554 17,253 17,399 17,849 17,081 16,695 17,096 17,397 16,412 9,070 8,864 9,146 9,236 8,725 8,745 8,719 8,762 7,836 7,779 7,867 8,198 5,733 5,774 5,771 6,491 6,369 6,448 4,988 5,542 5,513 5,151 5,012 4,974 4,588 4,295 4,285 4,350 4,422 4,551 4,671 4,513 4,533 4,558 4,292 3,270 3,210 2,437 2,409 2,301 2,336 2,337 2,139.8 2,133.6 1,100.3 1,097.9 1,088.1 1,124.3 1,094.5 1,063.3 1,014.3 984.4 977.7 976.6 1,060.3 1,082 1,071.4 1,000.8 978.7 971.1
Total Liabilities 43,746 43,395 43,424 42,579 42,747 42,946 35,982 35,026 34,950 35,660 36,414 34,427 23,162 22,705 22,232 22,523 22,532 23,166 23,094 22,689 22,677 23,770 23,929 23,777 23,940 23,374 23,300 23,779 22,151 13,994 13,591 13,362 13,358 12,987 12,559 12,368 12,350 11,918 11,604 11,371 11,357 9,578 8,948 9,474 9,161 9,166 10,621 9,160 9,928 9,602 9,010 8,703 8,837 8,012 8,348 8,174 8,225 8,541 8,613 8,997 8,970 8,851 8,117 7,896 8,110 8,212 5,151 5,079 4,837 4,715.4 4,061.6 4,274 4,255.9 2,656.6 2,561.3 2,382.3 2,662.9 2,664 2,541.1 2,530.7 2,401.6 2,370 2,278.5 2,287.3 2,326.5 2,181.3 2,081.7 2,057.7 2,033.4
Stockholders' Equity
Common Stock 561 0 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 561 280 280 280 278 276 272 270 269 268 0 0 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 0 0 26,948 27,088 25,881 25,306 24,520 24,578 23,456 22,759 22,007 21,980 20,949 20,301 19,837 19,880 18,916 18,389 17,589 17,597 16,780 16,272 15,902 16,060 15,490 15,199 14,811 14,741 14,642 14,347 14,196 14,131 13,812 13,140 13,113 12,915 12,606 12,388 11,953 11,751 11,460 7,187 7,062 7,033 6,900 7,202 7,648 5,882 5,669 5,386 4,982 4,784 4,490 4,329 3,724 3,702 3,554 3,323 3,175 3,031 2,890 2,674 2,747 2,644 2,586 2,412 2,294 2,211 2,121 1,975.4 2,110.5 2,055.2 1,993.9 1,910.6 1,868.3 1,830.3 1,773.1 1,688.4 1,661.6 1,628.8 1,579.7 1,507.7 1,488.5 1,458.5 1,416.1 1,345.7 1,333.1 1,307 1,270
Accumulated Other Comprehensive Income 0 0 (5,441) (5,244) (5,896) (6,240) (4,990) (5,527) (5,509) (5,295) (5,460) (5,055) (5,234) (5,314) (6,048) (5,363) (4,679) (4,575) (5,345) (5,153) (5,197) (5,110) (5,071) (5,582) (5,847) (5,055) (4,931) (4,527) (4,590) (4,647) (4,488) (4,265) (3,905) (4,043) (4,560) (4,541) (4,837) (5,093) (4,289) (4,301) (4,097) (2,406) (2,246) (2,171) (1,924) (2,132) (1,010) (315) (284) (279) (264) (453) (452) (263) (405) (365) (326) (149) (162) (157) (119) (75) (30) (2,081) (814) (820) (842) (827) (808) (797.6) (773) (742.6) (721.3) (695.7) (683.7) (658.1) (660.1) (638.5) (644.1) (626.8) (605.8) (574.5) (586.9) (538.8) 0 0 0 0 0
Total Stockholders' Equity 14,806 15,315 15,153 15,767 14,065 13,342 13,688 13,367 12,422 12,191 11,406 11,961 10,953 10,520 9,565 10,693 10,937 11,009 9,734 10,108 9,434 9,104 8,668 8,226 7,295 7,793 7,620 8,065 7,909 7,511 7,453 7,716 7,940 7,359 7,046 6,993 6,532 6,192 6,671 6,624 6,679 6,000 5,977 5,828 5,727 5,660 6,922 5,624 5,582 5,451 5,447 5,154 5,018 5,006 5,095 5,226 5,266 5,228 5,003 4,639 4,449 4,170 4,272 4,081 3,759 3,659 3,577 3,520 3,507 3,233 3,323.5 3,182.8 3,001.7 1,888.6 1,739.5 1,811.9 1,775.6 1,665.5 1,680 1,616.9 1,562.6 1,460.6 1,494.9 1,425.4 1,375.6 1,365.3 1,241.6 1,161.8 1,140.4
Total Liabilities & Equity 58,552 58,710 58,783 58,555 57,015 56,481 49,864 48,591 47,572 48,030 48,000 46,566 34,358 33,454 32,023 33,440 33,688 34,388 32,982 32,953 32,273 33,030 32,758 32,169 31,391 31,317 31,097 32,116 30,137 21,568 21,129 21,157 21,377 20,429 19,690 19,442 18,969 18,190 18,358 18,076 18,128 15,621 14,962 15,337 14,921 14,860 17,543 14,784 15,510 15,053 14,457 13,857 13,855 13,018 13,443 13,400 13,491 13,769 13,616 13,636 13,419 13,021 12,389 11,977 11,869 11,871 8,728 8,599 8,344 7,914.2 7,385.1 7,456.8 7,257.6 4,545.2 4,300.8 4,194.2 4,438.5 4,329.5 4,221.1 4,147.6 3,964.2 3,830.6 3,773.4 3,712.7 3,702.1 3,546.6 3,323.3 3,219.5 3,173.8
Debt Metrics
Total Debt 22,451 21,449 21,426 21,610 22,419 21,862 14,779 15,435 15,379 15,436 15,595 14,630 14,981 13,472 13,284 13,864 13,905 13,162 12,983 13,107 13,449 13,579 14,985 15,435 15,872 14,224 14,866 15,450 14,915 5,824 6,150 6,252 6,327 5,487 5,488 5,641 5,891 4,807 4,756 4,757 5,013 3,588 3,590 3,592 3,597 3,998 3,869 3,210 3,953 3,357 3,246 3,653 3,434 3,378 3,357 3,491 3,556 2,684 3,130 3,648 3,885 3,488 3,606 3,554 3,924 3,824 1,760 1,942 1,666 1,476.5 1,565.8 1,719.7 1,787.9 850.6 876.4 745.5 1,065.4 981.7 951.1 985 882.4 812.4 787.8 786.8 768.5 683.6 706.7 706 726.3
Net Debt 20,840 18,762 18,915 19,933 20,815 19,464 12,981 13,782 13,927 12,078 12,694 13,459 13,975 12,030 12,482 12,955 13,133 11,410 11,585 12,219 12,329 11,490 12,597 13,724 14,392 13,069 13,653 14,156 13,798 4,758 5,199 5,216 5,159 4,282 4,410 4,675 4,961 3,781 3,368 3,783 4,095 2,113 2,423 1,815 2,306 2,584 1,050 2,811 3,319 2,692 2,628 3,087 2,888 2,703 2,757 3,089 3,223 2,444 2,789 3,209 3,378 3,060 2,965 2,955 3,334 3,214 1,093 1,344 1,099 1,052.2 1,130.9 1,219.3 1,195.5 551 459 406.7 726.7 653.6 567.9 642.2 597.3 517.5 448.9 435.5 400.8 351.6 319.8 330.2 331.4
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 1,146 (602) 1,528 1,896 1,412 801 747 1,125 1,400 765 738 1,047 1,252 471 552 978 1,086 807 542 827 998 379 320 580 767 396 306 344 727 159 279 536 696 30 397 507 578 441 384 480 490 65 166 134 389 446 375 357 365 443 312 299 336 418 144 168 293 286 282 276 337 47 223 177 279 186 186 193 231 (50) 140 145 164.4 98.4 102.6 115.2 143.1 85 91.3 101.8 124.8 72.2 83.4 95.7 120.2 62.6 76.1 86.3 107.4
Depreciation & Amortization 227 79 326 278 227 201 180 176 189 186 180 178 169 202 169 168 180 178 179 193 197 194 185 179 183 167 19 268 193 123 124 122 125 125 120 116 120 108 109 110 111 119 130 131 103 108 99 98 99 95 94 90 89 86 127 128 134 185 103 100 100 123 99 88 90 70 60 65 56 51.8 57.7 52.5 37.1 35.9 34.8 34.3 34.9 35.2 34.6 33.1 32.2 29.8 31.4 30.5 28.9 31.7 28.6 29.7 29.9
Stock-Based Compensation 139 37 125 120 112 85 90 90 103 90 82 92 99 84 89 89 105 85 87 98 78 71 72 75 72 68 67 60 57 47 47 49 50 38 36 33 42 25 26 27 31 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 1,436 942 29 (2,407) 842 806 (187) (2,536) 662 736 133 (2,439) 799 670 95 (2,172) 594 564 (87) (1,949) 609 735 280 (1,738) 317 401 (337) (1,192) 535 336 68 (1,240) 324 246 64 (1,150) 290 398 187 (1,251) 345 (183) (705) 403 (723) (204) 133 412 (395) (607) 458 298 (702) 297 359 37 144 104 111 (455) (59) 51 54 (418) 54 273 (96) (140) (177.7) (38.8) 66.5 (200.9) (4.6) 92 2.4 (79.5) (30) 58.6 (49.9) (114.2) 25.5 7 14 (71.1) 34.3 (22.6) (16.9) (40.4)
Other Non-Cash Items (2,200) 962 (590) (652) 34 27 89 11 1,286 81 76 70 100 (54) (18) (139) (45) (152) 64 22 254 96 110 104 69 133 244 91 (52) 350 88 (21) (6) (105) (15) 5 (14) 6 (29) (20) 16 (11) (51) (57) (72) (33) (84) 20 (25) (11) (103) 15 29 (8) (1) (14) 4 5 (112) (124) (153) 137 20 (34) 91 (40) 21 (70) 5 446.7 (24.1) (32.6) (65.1) (16.5) (81.6) (90.6) (83.5) (39) (30.7) (26.7) (22.7) (29.2) (15.2) (48.7) (53.9) (92.7) (48.8) (27.3) (94.5)
Operating Cash Flow (688) 1,912 2,331 1,671 (622) 1,956 1,912 1,215 (781) 1,783 1,810 1,484 (819) 1,502 1,383 1,282 (702) 1,442 1,324 1,158 (408) 1,383 1,421 1,216 (638) 1,070 1,050 517 (276) 1,109 906 777 (364) 756 794 742 (399) 895 883 810 (581) 486 173 (550) 880 (111) 242 569 879 177 (9) 729 723 (163) 505 568 494 578 474 462 (150) 166 443 343 48 266 533 187 147 114.4 168.9 195.8 (63.7) 53.7 157.1 75 30.7 46.1 166.6 77.4 28 110.2 116.6 98.3 43.4 63.7 59.6 97.2 17.1
Investing Activities
Capital Expenditure (62) (144) (33) (59) (55) (76) (73) (80) (87) (120) (111) (101) (84) (103) (128) (117) (122) (138) (117) (82) (69) (70) (78) (82) (118) (137) (123) (88) (73) (92) (87) (77) (58) (85) (73) (82) (62) (79) (60) (63) (51) (78) (71) (86) (93) (75) (101) (95) (130) (110) (135) (101) (85) (102) (109) (100) (100) (237) (91) (93) (91) (82) (377) (164) (92) (10) (142) (275) (172) (515.9) (42.4) (65.3) (51.4) (63.9) (33.1) (28.8) (31.5) (36.9) (30.4) (36.1) (33.5) (61.2) (34.6) (29.2) (24.1) (24.5) (26.8) (26.3) (21.2)
Acquisitions (41) (1,328) 437 257 (18) (7,517) (319) (342) (275) (356) (328) (26) (283) (378) (59) 12 (28) (458) (35) (282) 0 (88) 3 (269) (200) (1) 60 (5,198) (228) (243) (391) (119) (21) (26) (217) (1) (411) (725) (11) (2) (75) 1 (36) (29) (60) (156) (79) 2 0 0 (43) (28) (19) (2) 0 (6) (6) (16) (49) (29) (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
Purchases of Investments (14) 8 (10) (12) (10) (90) (3) (4) (10) (13) (14) (22) (1) 6 (8) (3) (9) (4) 2 (2) 0 0 78 82 118 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (35) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1 (148) 83 81 84 38 3 10 4 20 2 101 (3) 2 84 3 9 15 2 (4) 0 0 (7) 32 73 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 54 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 12 1,107 (704) (406) 25 0 (1) 1 0 (5) 9 (85) 3 (14) 6 6 (9) 10 (4) 0 2 (10) (78) (82) (118) (29) (11) 43 114 (2) 5 (13) 9 14 (31) 6 12 6 3 1 0 33 79 251 101 21 43 50 (64) 14 106 86 95 (54) 70 113 37 148 40 (85) (22) (74) (43) (9) (4) 33 (51) 17 13 538.7 (34) (143.3) (361.7) (55.7) (0.5) 231.6 (31.9) (8.3) (44.8) (3.8) (4.3) (10.8) (36) (29.4) 1.9 (1.3) (19.9) (4.4) (33.9)
Investing Cash Flow (104) (523) (227) (121) 26 (7,645) (393) (415) (368) (474) (442) (133) (368) (487) (105) (99) (159) (575) (152) (370) (67) (168) (82) (319) (245) (167) (74) (5,243) (187) (337) (473) (209) (70) (97) (321) (77) (461) (798) (68) (64) (126) (25) (28) 136 (52) (210) (137) (43) (194) (96) (72) (43) (9) (158) (39) 7 (69) (105) (100) (207) (118) (156) (420) (173) (96) 23 (193) (258) (159) 22.8 (76.4) (208.6) (413.1) (119.6) (33.6) 202.8 (63.4) (45.2) (75.2) (39.9) (37.8) (72) (70.6) (58.6) (22.2) (25.8) (46.7) (30.7) (55.1)
Financing Activities
Net Debt Issuance 0 613 (253) (903) 543 7,178 (753) 93 35 (255) 1,069 (54) 1,429 33 (350) 115 821 239 (3) (505) (4) (1,504) (504) (460) 1,690 (629) (527) (742) 7,207 (254) (104) (77) 838 (2) (157) (251) 1,082 47 (3) (3) 344 (44) (183) (88) (738) 597 236 (126) (409) 227 55 (158) (147) 532 (265) (134) (66) (447) (517) (236) 398 (109) (1,327) 990 83 (215) (195) 276 200 (73.5) (155.3) (60.9) 784.4 (25.7) 130.1 (192.3) 86.6 33.6 (33.2) 100.7 73.4 25 (1) 13.1 83.9 (24.7) 1.3 (23.5) 110.7
Stock Repurchased 0 1,002 (402) (300) (300) 177 (304) (473) (300) (105) (304) (305) (300) (156) (514) (646) (634) (427) (301) (327) (205) (1) (16) (3) (112) (185) (202) (101) (86) (5) (175) (251) (311) (300) (201) (200) (248) (176) (215) (211) (237) 0 0 0 (198) (324) (309) (394) (181) (311) (17) (365) (585) (217) (173) (282) (209) 0 0 0 0 0 0 0 (2) (47) (86) (107) (2) 0 0 0 0 (4.7) (174.6) (35.9) (14.9) (47.2) (23.3) (32.8) (34.4) (48.2) (30.9) (31.5) (32.2) (16.4) (3.9) (16.8) (12.4)
Dividends Paid (440) (389) (499) (406) (405) (403) (404) (352) (354) (354) (353) (295) (296) (298) (293) (275) (272) (264) (272) (241) (237) (230) (236) (234) (232) (235) (233) (212) (210) (213) (211) (194) (189) (195) (194) (176) (175) (178) (178) (165) (161) (91) (90) (90) (162) (163) (165) (165) (150) (151) (151) (151) (146) (145) (146) (147) (138) (138) (135) (121) (120) (120) (119) (105) (103) (99) (105) (86) (85) (84.6) (83.8) (72.1) (65.1) (64.7) (58) (58.4) (58.1) (58.4) (52.7) (52.8) (53.1) (53.5) (53.2) (49.8) (49.9) (50.1) (49.5) (49.4) (49.5)
Other Financing Activities 554 (2,813) 115 (133) (104) (720) (33) (14) 641 (1,509) 576 108 (102) (496) 663 418 940 1,153 (20) (12) (40) 18 (60) (44) (6) (8) (49) (447) (248) (112) (49) (78) 205 (17) (131) (75) 38 (11) (34) (281) 299 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,359 (1,359) 0 0 0 0 0 0 0 0 0 0.1 (1) 2.8 0.6 2.4 10.4 (3.4) (4.6) (7.8) (22.4) 0 0 (1.1) 1.1 0 0
Financing Cash Flow 114 (1,799) (1,002) (1,695) (138) 6,275 (1,436) (519) 135 (2,334) 988 (546) 773 (1,074) (470) (357) 855 749 (555) (1,040) (451) (1,717) (784) (719) 1,340 (1,031) (987) (1,502) 6,826 (563) (515) (526) 294 (482) (543) (681) 697 (284) (407) (621) 245 (77) (176) (65) (1,057) 292 (146) (457) (651) (71) (59) (473) (805) 332 (509) (395) (352) (574) (461) (319) 353 (222) 13 (154) 29 (347) (278) 101 158 (143.7) (157.2) (75) 774.8 (48.2) (45.2) (276.4) 44.8 (54.8) (49.6) 17.5 (5.9) (81) (61.9) (61.4) 14.5 (90.5) (1.4) (81.6) 64.9
Cash Position
Net Change in Cash (805) (352) 834 73 (491) (47) 571 240 (1,242) (577) 1,994 895 (262) 692 (29) 206 (142) 354 510 (232) (969) (299) 677 231 325 (58) (81) (6,182) 6,410 115 (85) (132) (37) 127 112 36 (96) (362) 414 56 (456) 381 (54) (486) (235) (31) (26) 73 52 20 (129) 204 (72) 6 (63) 198 69 (101) (98) (68) 79 (213) 42 9 (20) (57) 69 31 143 (10.6) (65.5) (92) 292.8 (117.8) 78.6 0.1 10.6 (55.1) 40.4 57.7 (9.8) (44) (12.4) (61.4) 14.5 (54.9) 11.1 (19.1) 23.8
Cash at Beginning 14,160 14,512 13,721 1,604 13,674 13,721 13,150 12,910 14,152 14,729 12,735 11,840 12,102 11,410 11,439 11,233 11,375 1,398 888 1,120 2,089 2,388 1,711 1,480 1,155 1,213 1,294 7,476 1,066 951 1,036 1,168 1,205 1,078 966 930 1,026 1,388 974 918 1,374 856 910 1,396 634 665 691 618 566 546 675 471 543 537 600 402 333 341 439 507 428 641 599 0 610 0 0 0 424 0 0 0 299.6 0 0 0 328.1 0 0 0 294.9 0 0 0 332 0 0 0 371.1
Cash at End 13,355 14,160 14,512 1,677 13,183 13,674 13,721 13,150 12,910 14,152 14,729 12,735 11,840 12,102 11,410 11,439 11,233 1,752 1,398 888 1,120 2,089 2,388 1,711 1,480 1,155 1,213 1,294 7,476 1,066 951 1,036 1,168 1,205 1,078 966 930 1,026 1,388 974 918 1,237 856 910 399 634 665 691 618 566 546 675 471 543 537 600 402 240 341 439 507 428 641 9 590 (57) 69 31 567 (10.6) (65.5) (92) 592.4 (117.8) 78.6 0.1 338.7 (55.1) 40.4 57.7 285.1 (44) (12.4) (61.4) 346.5 (54.9) 11.1 (19.1) 394.9
Free Cash Flow (750) 1,768 2,298 1,612 (677) 1,880 1,839 1,135 (868) 1,663 1,699 1,383 (903) 1,399 1,255 1,165 (824) 1,304 1,207 1,076 (477) 1,313 1,343 1,134 (756) 933 927 429 (349) 1,017 819 700 (422) 671 721 660 (461) 816 823 747 (632) 408 102 (636) 787 (186) 141 474 749 67 (144) 628 638 (265) 396 468 394 341 383 369 (241) 84 66 179 (44) 256 391 (88) (25) (401.5) 126.5 130.5 (115.1) (10.2) 124 46.2 (0.8) 9.2 136.2 41.3 (5.5) 49 82 69.1 19.3 39.2 32.8 70.9 (4.1)
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 7,597 6,595 6,351 6,974 7,061 6,067 5,697 6,221 6,473 5,554 5,382 5,876 5,924 5,022 4,770 5,379 5,549 5,137 4,583 5,017 5,083 4,416 3,968 4,189 4,651 4,264 3,968 4,349 4,071 3,712 3,504 3,734 4,000 3,685 3,341 3,495 3,503 3,364 3,135 3,376 3,336 3,338 3,115 3,225 3,215 3,246 3,141 3,300 3,264 3,115 2,932 3,088 3,126 3,002 2,845 3,026 3,051 2,908 2,806 2,928 2,884 2,785 2,524 2,606 2,635 2,732 2,354 2,470 2,609 2,662 2,838 3,033 3,039 2,925 2,716 2,819 2,812 3,032 2,884 2,980 2,674 2,476 2,779 2,977 3,182 2,944 2,950 3,028 3,196 3,034 2,865 2,640 2,612 2,473 2,541 2,594 2,476 2,535 2,481 2,665
Gross Profit 0 0 2,457 3,079 3,211 2,437 2,255 2,767 3,003 2,286 2,095 2,539 2,717 1,984 1,847 2,369 2,449 2,232 1,730 2,157 2,276 1,766 1,473 1,760 2,096 1,786 1,531 1,812 1,789 1,549 1,421 1,599 1,776 1,587 1,373 1,497 1,498 1,446 1,318 1,504 1,482 1,438 1,237 1,399 1,485 1,350 1,237 1,424 1,425 1,282 1,108 1,322 1,323 (4,132) 1,085 1,250 1,255 2,908 2,806 2,928 2,884 2,785 2,524 2,606 2,635 2,732 2,354 942 1,038 2,662 2,838 3,033 3,039 2,925 2,716 2,819 2,812 1,212 1,142 1,178 2,674 1,483 1,048 1,217 272 2,944 2,116 632 773 587 599 510 565 280 526 645 730 619 606 712
Operating Income 1,754 1,219 1,170 1,829 2,005 1,142 1,108 1,642 1,925 1,103 996 1,457 1,726 680 791 1,364 1,445 986 740 1,228 1,358 571 540 885 1,070 592 467 680 938 621 541 691 908 686 535 701 749 633 572 726 733 594 461 629 735 536 445 647 673 489 404 577 607 406 378 518 527 391 310 465 472 325 239 (50) 425 (10) 195 294 324 99 70 180 (88) 165 194 273 387 403 244 337 337 83 187 293 261 (885) 128 632 773 587 599 510 565 280 526 645 545 516 506 612
Net Income 1,146 821 747 1,211 1,381 788 747 1,125 1,400 756 730 1,035 1,235 466 546 967 1,071 803 537 820 983 374 316 572 754 391 303 332 716 153 276 531 690 29 393 501 569 436 379 472 481 375 323 419 482 294 297 431 443 303 253 388 413 259 241 329 347 256 130 282 325 203 168 236 248 23 221 (193) 176 80 (8) 65 (210) 85 1,945 177 268 226 176 172 416 39 69 166 134 (680) 21 389 446 375 365 312 336 144 293 369 286 282 276 337
EPS (Diluted) 2.36 1.68 1.51 2.45 2.79 1.59 1.51 2.27 2.82 1.52 1.46 2.07 2.47 0.93 1.09 1.91 2.10 1.57 1.05 1.60 1.91 0.73 0.62 1.12 1.48 0.76 0.59 0.65 1.40 0.30 0.54 1.04 1.34 0.06 0.76 0.96 1.09 0.84 0.73 0.90 0.91 0.71 0.61 0.77 0.88 0.54 0.54 0.77 0.80 0.54 0.45 0.69 0.74 0.47 0.44 0.59 0.63 0.47 0.24 0.50 0.58 0.37 0.30 0.43 0.45 0.04 0.41 -0.37 0.33 0.16 -0.02 0.12 -0.40 0.16 3.60 0.31 0.47 0.41 0.31 0.31 0.75 0.07 0.12 0.31 0.25 -1.28 0.04 0.73 0.83 0.71 0.66 0.58 0.60 0.26 0.51 0.64 0.52 0.49 0.48 0.60
Balance Sheet
Cash & Equivalents 1,611 2,687 2,511 1,677 1,604 2,398 1,798 1,653 1,452 3,358 2,901 1,171 1,006 1,442 802 909 772 1,752 1,398 888 1,120 2,089 2,388 1,711 1,480 1,155 1,213 1,294 1,117 1,066 951 1,036 1,168 1,205 1,078 966 930 1,026 1,388 974 918 1,475 1,167 1,777 1,291 1,414 2,819 399 634 665 618 566 546 675 600 402 333 240 341 439 507 428 641 599 590 610 667 598 567 424.3 434.9 500.4 592.4 299.6 417.4 338.8 338.7 328.1 383.2 342.8 285.1 294.9 338.9 351.3 367.7 332 386.9 375.8 394.9
Total Assets 58,552 58,710 58,783 58,555 57,015 56,481 49,864 48,591 47,572 48,030 48,000 46,566 34,358 33,454 32,023 33,440 33,688 34,388 32,982 32,953 32,273 33,030 32,758 32,169 31,391 31,317 31,097 32,116 30,137 21,578 21,129 21,159 21,379 20,429 19,690 19,442 18,969 18,190 18,358 18,076 18,128 15,621 14,962 15,337 14,921 14,860 17,543 14,784 15,510 15,053 14,457 13,857 13,855 13,018 13,443 13,400 13,491 13,769 13,616 13,636 13,419 13,021 12,389 11,977 11,869 11,871 8,728 8,599 8,344 7,914.2 7,385.1 7,456.8 7,257.6 4,545.2 4,300.8 4,194.2 4,438.5 4,329.5 4,221.1 4,147.6 3,964.2 3,830.6 3,773.4 3,712.7 3,702.1 3,546.6 3,323.3 3,219.5 3,173.8
Total Debt 22,451 21,449 21,426 21,610 22,419 21,862 14,779 15,435 15,379 15,436 15,595 14,630 14,981 13,472 13,284 13,864 13,905 13,162 12,983 13,107 13,449 13,579 14,985 15,435 15,872 14,224 14,866 15,450 14,915 5,824 6,150 6,252 6,327 5,487 5,488 5,641 5,891 4,807 4,756 4,757 5,013 3,588 3,590 3,592 3,597 3,998 3,869 3,210 3,953 3,357 3,246 3,653 3,434 3,378 3,357 3,491 3,556 2,684 3,130 3,648 3,885 3,488 3,606 3,554 3,924 3,824 1,760 1,942 1,666 1,476.5 1,565.8 1,719.7 1,787.9 850.6 876.4 745.5 1,065.4 981.7 951.1 985 882.4 812.4 787.8 786.8 768.5 683.6 706.7 706 726.3
Stockholders' Equity 14,806 15,315 15,153 15,767 14,065 13,342 13,688 13,367 12,422 12,191 11,406 11,961 10,953 10,520 9,565 10,693 10,937 11,009 9,734 10,108 9,434 9,104 8,668 8,226 7,295 7,793 7,620 8,065 7,909 7,511 7,453 7,716 7,940 7,359 7,046 6,993 6,532 6,192 6,671 6,624 6,679 6,000 5,977 5,828 5,727 5,660 6,922 5,624 5,582 5,451 5,447 5,154 5,018 5,006 5,095 5,226 5,266 5,228 5,003 4,639 4,449 4,170 4,272 4,081 3,759 3,659 3,577 3,520 3,507 3,233 3,323.5 3,182.8 3,001.7 1,888.6 1,739.5 1,811.9 1,775.6 1,665.5 1,680 1,616.9 1,562.6 1,460.6 1,494.9 1,425.4 1,375.6 1,365.3 1,241.6 1,161.8 1,140.4
Cash Flow
Operating Cash Flow (688) 1,912 2,331 1,671 (622) 1,956 1,912 1,215 (781) 1,783 1,810 1,484 (819) 1,502 1,383 1,282 (702) 1,442 1,324 1,158 (408) 1,383 1,421 1,216 (638) 1,070 1,050 517 (276) 1,109 906 777 (364) 756 794 742 (399) 895 883 810 (581) 486 173 (550) 880 (111) 242 569 879 177 (9) 729 723 (163) 505 568 494 578 474 462 (150) 166 443 343 48 266 533 187 147 114.4 168.9 195.8 (63.7) 53.7 157.1 75 30.7 46.1 166.6 77.4 28 110.2 116.6 98.3 43.4 63.7 59.6 97.2 17.1
Capital Expenditure (62) (144) (33) (59) (55) (76) (73) (80) (87) (120) (111) (101) (84) (103) (128) (117) (122) (138) (117) (82) (69) (70) (78) (82) (118) (137) (123) (88) (73) (92) (87) (77) (58) (85) (73) (82) (62) (79) (60) (63) (51) (78) (71) (86) (93) (75) (101) (95) (130) (110) (135) (101) (85) (102) (109) (100) (100) (237) (91) (93) (91) (82) (377) (164) (92) (10) (142) (275) (172) (515.9) (42.4) (65.3) (51.4) (63.9) (33.1) (28.8) (31.5) (36.9) (30.4) (36.1) (33.5) (61.2) (34.6) (29.2) (24.1) (24.5) (26.8) (26.3) (21.2)
Free Cash Flow (750) 1,768 2,298 1,612 (677) 1,880 1,839 1,135 (868) 1,663 1,699 1,383 (903) 1,399 1,255 1,165 (824) 1,304 1,207 1,076 (477) 1,313 1,343 1,134 (756) 933 927 429 (349) 1,017 819 700 (422) 671 721 660 (461) 816 823 747 (632) 408 102 (636) 787 (186) 141 474 749 67 (144) 628 638 (265) 396 468 394 341 383 369 (241) 84 66 179 (44) 256 391 (88) (25) (401.5) 126.5 130.5 (115.1) (10.2) 124 46.2 (0.8) 9.2 136.2 41.3 (5.5) 49 82 69.1 19.3 39.2 32.8 70.9 (4.1)