Norfolk Southern Corporation logo NSC - Norfolk Southern Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 21
HOLD 24
SELL 3
STRONG
SELL 0
| PRICE TARGET: $329.86 DETAILS
HIGH: $360.00
LOW: $297.00
MEDIAN: $327.00
CONSENSUS: $329.86
UPSIDE: 4.87%
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 2,998 2,974 3,103 3,110 2,993 3,024 3,051 3,044 3,004 3,073 2,971 2,980 3,132 3,237 3,343 3,250 2,915 2,852 2,852 2,799 2,639 2,573 2,506 2,085 2,625 2,690 2,841 2,925 2,840 2,896 2,947 2,898 2,717 2,669 2,670 2,637 2,575 2,490 2,524 2,454 2,420 2,518 2,713 2,713 2,567 2,870 3,023 3,042 2,689 2,881 2,824 2,802 2,738 2,684 2,693 2,874 2,789 2,797 2,889 2,866 2,620 2,392 2,456 2,430 2,238 2,106 2,063 1,857 1,943 2,502 2,894 2,765 2,500 2,454 2,353 2,378 2,247 2,319 2,393 2,392 2,303 2,257 2,155 2,154 1,961 1,949 1,857 1,813 1,693 1,676 1,633 1,581 1,593 1,530 1,592 1,540 1,569 1,517 1,578 1,495
Cost of Revenue 1,707 877 2,074 2,006 2,055 1,931 1,795 1,941 2,692 2,278 2,223 2,423 2,424 2,081 2,088 2,007 1,836 1,729 1,721 1,699 1,628 1,589 1,666 1,475 1,672 1,728 1,877 1,860 1,874 1,818 1,927 1,872 1,882 1,671 1,775 1,765 1,802 1,729 1,704 1,573 1,503 1,623 1,766 1,781 1,837 1,753 1,907 1,899 1,801 1,803 1,775 1,753 1,829 1,772 1,008 987 1,034 1,042 998 1,039 1,044 884 826 823 780 731 693 631 714 874 1,091 1,105 1,019 1,165 796 791 768 828 839 858 819 802 772 710 734 690 698 794 775 536 773 141 748 71 786 794 161 799 779 683
Gross Profit 1,291 2,097 1,029 1,104 938 1,093 1,256 1,103 312 795 748 557 708 1,156 1,255 1,243 1,079 1,123 1,131 1,100 1,011 984 840 610 953 962 964 1,065 966 1,078 1,020 1,026 835 998 895 872 773 761 820 881 917 895 947 932 730 1,117 1,116 1,143 888 1,078 1,049 1,049 909 912 1,685 1,887 1,755 1,755 1,891 1,827 1,576 1,508 1,630 1,607 1,458 1,375 1,370 1,226 1,229 1,628 1,803 1,660 1,481 1,289 1,557 1,587 1,479 1,491 1,554 1,534 1,484 1,455 1,383 1,444 1,227 1,259 1,159 1,019 918 1,140 860 1,440 845 1,459 806 746 1,408 718 799 812
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 0 753 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32 33 49 27 26 36 4 35 42 0 (35) 0 0 35 (2,117) 724 724 786 734 736 739 765 659 680 670 699 613 598 551 639 609 708 662 705 361 685 721 785 792 754 798 859 762 778 735 795 713 711 742 727 866 731 281 674 259 688 698 278 692 708 719
Other Expenses 414 407 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 16 24 39 19 21 28 32 18 26 39 30 29 135 36 230 229 224 221 217 213 211 207 204 204 204 213 210 207 207 206 201 199 198 (20) 257 268 270 255 245 251 244 257 257 259 255 295 199 785 762 (1,580) 753 (1,473) 737 (1,571) 768 779 (1,547) 766 750 780
Operating Expenses 414 1,160 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 79 194 253 98 92 88 226 83 82 221 197 200 213 218 198 954 953 1,010 955 953 952 976 866 884 874 903 826 808 758 846 815 2,000 861 903 341 942 989 1,055 1,047 999 1,049 1,103 1,019 1,035 994 1,050 1,008 910 1,527 1,489 (714) 1,484 (1,192) 1,411 (1,312) 1,456 1,477 (1,269) 1,458 1,458 1,499
Operating Income
Operating Income 877 937 1,029 1,104 938 1,093 1,256 1,103 312 795 748 557 708 1,156 1,255 1,243 1,079 1,123 1,131 1,100 1,011 984 840 610 953 962 964 1,065 966 1,078 1,020 1,026 835 998 895 872 773 761 820 770 723 642 822 814 606 891 998 1,019 667 881 849 836 691 714 731 934 745 800 938 875 600 642 746 733 555 549 562 468 383 813 894 799 578 686 681 690 528 614 715 677 551 594 528 592 403 462 469 425 346 224 298 288 322 275 282 205 116 211 278 28
Interest Expense 197 195 197 201 199 199 203 204 201 195 182 170 175 177 177 170 168 165 164 161 156 160 155 156 154 152 150 153 149 148 142 131 136 134 134 140 142 142 144 138 139 142 137 134 132 120 138 139 139 129 131 128 129 129 124 122 120 116 114 113 112 115 113 115 119 119 118 113 117 112 111 112 109 0 107 111 115 0 120 121 120 494 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 0 0 0 4 0 0 0 0 0 0 0 0 0 0 0 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 0 0 0 0 0 0 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 1,194 1,313 1,469 1,545 1,523 1,469 1,969 1,483 568 1,176 1,122 954 1,088 1,524 1,576 1,561 1,382 1,448 1,447 1,496 1,314 1,314 1,172 941 882 1,265 1,304 1,371 1,293 1,359 1,326 1,328 1,115 1,294 1,198 1,184 1,057 1,042 1,108 1,028 976 959 1,098 1,062 852 1,132 1,235 1,259 905 1,116 1,080 1,093 1,054 993 996 1,195 1,000 193 1,216 1,124 840 60 1,033 955 781 (44) 811 713 609 1,040 1,137 1,047 771 1,147 909 907 528 634 715 677 551 632 528 646 374 443 401 280 194 1,987 298 2,766 (177) 2,903 (261) (10) 2,807 (102) 27 (558)
EBIT 842 960 1,121 1,199 1,177 1,127 1,630 1,148 231 846 796 633 767 1,215 1,270 1,257 1,080 1,150 1,150 1,202 1,022 1,027 879 659 590 980 1,018 1,087 1,010 1,078 1,050 1,055 843 1,027 934 920 797 783 849 774 739 670 861 833 627 931 1,030 1,037 693 932 879 865 826 759 764 965 774 839 998 909 627 677 827 750 575 586 599 504 400 831 933 845 585 948 712 711 528 444 715 677 551 436 528 450 177 251 249 147 62 1,854 298 2,632 (566) 2,771 (650) (137) 2,677 (740) (99) (687)
Income Before Tax 715 765 924 998 978 928 1,427 944 30 651 614 463 592 1,038 1,093 1,087 912 985 986 1,041 866 867 724 503 436 828 868 934 861 930 908 924 707 893 800 780 655 641 705 636 600 524 724 699 495 790 892 898 554 783 748 737 697 621 640 843 654 723 884 796 515 562 714 635 456 467 481 391 283 719 822 733 476 612 605 600 420 539 636 589 466 504 441 475 277 375 388 304 235 62 199 186 194 171 167 91 (6) 156 184 (84)
Income Tax Expense 168 121 213 230 228 195 328 207 (23) 124 136 107 126 248 135 268 209 225 233 222 193 196 155 111 55 162 211 212 184 228 206 214 155 (3,075) 294 283 222 225 245 231 213 163 272 266 185 279 333 336 186 270 266 272 247 208 238 319 244 243 330 239 190 160 269 243 199 160 178 144 106 267 302 280 185 213 219 206 135 154 220 214 161 142 140 51 83 111 100 91 77 10 62 57 75 56 60 30 (11) 57 68 (36)
Net Income 547 644 711 768 750 733 1,099 737 53 527 478 356 466 790 958 819 703 760 753 819 673 671 569 392 381 666 657 722 677 702 702 710 552 3,968 506 497 433 416 460 405 387 361 452 433 310 511 559 562 368 513 482 465 450 413 402 524 410 480 554 557 325 402 445 392 257 307 303 247 177 452 520 453 291 399 386 394 285 385 416 375 305 362 301 424 194 264 288 213 158 52 137 129 119 115 107 74 5 99 116 (48)
Per Share Data
EPS (Basic) 2.43 2.87 3.16 3.41 3.31 3.24 4.86 3.26 0.23 2.34 2.11 1.56 2.04 3.43 4.11 3.46 2.94 3.16 3.07 3.29 2.67 2.66 2.23 1.53 1.48 2.58 2.50 2.72 2.55 2.62 2.54 2.52 1.95 13.91 1.76 1.72 1.49 1.43 1.56 1.37 1.30 1.21 1.50 1.43 1.01 1.65 1.80 1.81 1.18 1.66 1.55 1.47 1.43 1.31 1.26 1.62 1.24 1.46 1.61 1.58 0.91 1.13 1.21 1.06 0.69 0.83 0.82 0.67 0.48 1.23 1.39 1.20 0.77 1.06 0.99 1.00 0.72 0.97 1.04 0.91 0.74 0.88 0.74 1.05 0.48 0.65 0.73 0.55 0.40 0.13 0.35 0.33 0.31 0.29 0.28 0.19 0.01 0.26 0.30 -0.12
EPS (Diluted) 2.43 2.87 3.16 3.41 3.31 3.23 4.85 3.25 0.23 2.33 2.10 1.56 2.04 3.42 4.09 3.45 2.93 3.12 3.06 3.28 2.66 2.64 2.22 1.53 1.47 2.55 2.49 2.70 2.51 2.57 2.52 2.50 1.93 13.79 1.75 1.71 1.48 1.42 1.55 1.36 1.29 1.20 1.49 1.41 1.00 1.64 1.79 1.79 1.17 1.64 1.53 1.46 1.41 1.30 1.24 1.60 1.23 1.46 1.59 1.56 0.90 1.13 1.19 1.04 0.68 0.83 0.81 0.66 0.47 1.23 1.37 1.18 0.76 1.06 0.97 0.98 0.71 0.97 1.02 0.89 0.72 0.88 0.73 1.04 0.47 0.65 0.72 0.54 0.40 0.13 0.35 0.33 0.31 0.29 0.28 0.19 0.01 0.26 0.30 -0.12
Shares Outstanding 225.1 224.8 224.4 225 226.1 226.2 226.2 226 225.7 225.7 226.4 227.5 227.7 229.9 233.2 236.7 239.3 240.2 245.3 248.9 251.4 252.1 254.6 255.4 257.3 257.9 262.1 264.8 266.0 268.1 275.5 281.3 282.5 285.1 287.1 289 290.3 291.2 292.7 294.7 297.2 297.9 300.1 302.9 306.8 309 309.4 309.5 309.5 308.7 310.4 314.1 314.5 314.8 317.7 322.7 328.3 328.3 343.2 351 355.2 355.2 366.3 369.7 369.5 368 367.3 366.8 366.2 366 372.5 375.4 375.7 377.9 389 393.7 395.8 395.8 400 412.1 412.2 407.2 406.8 403.8 404.2 401.0 394.5 387.3 395 393.5 391.4 387.0 383.9 382.2 382.1 384.5 389.5 380.8 383.2 400
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 1,341 1,530 1,418 1,303 1,006 1,641 975 659 652 1,568 1,506 556 552 456 1,214 1,259 1,571 839 1,465 1,670 998 1,115 1,359 1,143 608 580 452 274 411 358 729 430 1,072 690 724 642 955 956 984 866 589 855 1,161 996 722 884 405 203 107 284 110 128 184 132 134 47 54 0 151 45 60 37 41 105 86 5 107 86 176 34 32.1 97.4 139.5 209.2 187.6 52.7 71.8 67.7 73.2 104 117.9 57 136.5 306.6 107.7 80.5 137.2 140 136.3
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 0 205 225 90 0 0 13 0 0 0 0 0 0 0 0 0 1 2 1 5 12 14 15 17 17 58 84 99 110 125 156.7 183 185.7 194.2 173.9 184.8 250.6 261.3 214.1 219.5 224 249.7 320.6 179.9 114 0 0 0 0
Net Receivables 1,123 988 1,102 1,123 1,231 1,069 1,302 1,189 1,198 1,147 1,210 1,089 1,170 1,148 1,151 1,208 1,070 976 945 941 944 848 883 822 889 920 973 1,039 1,048 1,009 1,043 1,035 973 955 973 926 998 945 960 985 961 892 867 766 800 831 1,013 782 765 695 800 789 683 685 456 430 440 411 469 426 855 857 906 716 569 519 544 535 558 552 800 774.3 748.7 558 775.5 736 734.6 703.5 773.8 735.6 708.7 726.6 763.3 744.9 728.3 907.6 958 961.8 740.7
Inventory 0 0 0 313 273 277 288 308 270 264 303 272 262 253 276 289 264 218 235 246 241 221 247 257 265 244 266 256 228 207 267 260 245 222 245 289 281 257 301 306 315 179 180 164 188 191 173 100 97 92 102 101 97 91 89 96 93 91 116 136 120 100 77 54 55 59 57 61 64 58 60.3 65.1 64.8 63 58.1 62.5 64 61.7 63.1 69.7 67 61.9 65.7 73.2 72.4 70.3 71.7 85.5 90.7
Other Current Assets 560 680 516 168 191 201 125 148 236 292 123 114 138 150 74 101 110 134 77 155 120 134 90 128 240 337 325 345 235 288 70 179 189 282 57 79 93 133 72 82 101 376 393 230 414 479 420 446 450 446 396 414 432 327 214 238 266 345 266 296 301 363 277 295 272 272 211 196 232 334 222.4 228.8 248.3 336 261.5 244.6 247.7 509.9 216.1 223.4 234.4 242.3 211.2 230.1 469.9 505.1 330.1 348.2 438.1
Total Current Assets 3,024 3,198 3,036 2,907 2,701 3,188 2,690 2,304 2,356 3,271 3,142 2,031 2,122 2,007 2,715 2,857 3,015 2,167 2,722 3,012 2,303 2,318 2,579 2,350 2,002 2,081 2,016 1,914 1,922 1,862 2,109 1,904 2,479 2,149 1,999 1,936 2,327 2,291 2,317 2,239 1,966 2,328 2,646 2,246 1,936 2,194 1,851 1,431 1,322 1,425 1,306 1,331 1,299 1,144 893 811 854 849 1,003 908 1,348 1,371 1,316 1,187 999 913 1,003 977 1,140 1,103 1,271.5 1,348.6 1,387 1,456.8 1,456.6 1,280.6 1,368.7 1,342.8 1,340.3 1,352.2 1,352 1,337.5 1,497.3 1,534.7 1,492.3 1,563.5 1,497 1,535.5 1,405.8
Non-Current Assets
Property, Plant & Equipment 0 0 0 35,921 35,803 35,831 35,390 35,280 35,051 33,326 32,668 32,474 32,240 32,156 31,838 31,787 31,657 31,653 31,429 31,355 31,312 31,345 31,239 31,217 31,179 31,614 31,394 31,201 31,158 31,091 30,712 30,540 30,396 30,330 30,163 30,033 29,927 29,751 29,467 29,387 29,135 22,786 22,697 22,643 22,375 22,292 21,345 11,915 11,819 11,779 11,823 11,772 11,370 11,332 11,276 11,249 11,268 11,105 11,013 11,011 10,978 10,956 10,903 10,869 10,618 10,477 10,328 10,242 10,075 9,904 9,904.9 9,809.8 9,677.6 9,529.1 9,460.2 9,441.1 9,372.7 9,258.8 9,233.1 9,192.9 9,158.7 8,987.1 8,883.2 8,823 8,814.3 8,730.7 8,671.1 8,610.8 8,690.7
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (399) 0 0 0 (388) 0 0 0 (380) 0 0 0 (366) 0 0 0 (329) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 4,116 4,089 4,081 4,038 4,003 3,370 3,968 3,812 3,570 3,839 3,824 3,673 3,738 3,694 3,686 3,671 3,697 3,707 3,684 3,658 3,604 3,590 3,566 3,590 3,470 3,428 3,376 3,301 3,198 3,109 3,109 3,058 3,020 2,981 2,888 2,848 2,809 2,777 2,779 2,639 2,617 2,293 2,166 2,164 2,027 1,806 1,934 6,293 6,275 6,259 6,215 6,199 6,178 6,190 6,188 6,180 6,166 6,154 6,146 6,143 6,143 6,132 0 0 0 6,210 0 0 0 6,221 0 0 0 274.7 0 0 0 231.7 0 0 0 172.8 0 0 0 0 0 0 0
Other Non-Current Assets 37,973 37,949 37,463 1,289 1,293 1,293 1,207 1,162 1,151 1,216 1,105 1,083 1,069 1,028 1,067 1,021 992 966 769 729 718 1,108 795 805 787 1,188 714 756 784 557 392 286 267 251 103 105 82 73 69 69 67 226 221 316 295 254 830 1,190 1,176 1,133 1,194 1,132 1,109 1,128 1,028 999 952 868 927 817 742 791 6,898 6,818 6,863 580 6,685 6,527 6,432 122 6,332.5 6,238.9 1,367.7 155.8 344.7 331.7 313.8 71.5 299.5 284.3 289.2 90.4 272.8 233.4 219.9 225.6 415.6 390.6 370.7
Total Non-Current Assets 42,089 42,038 41,544 41,248 41,099 40,494 40,565 40,254 39,772 38,381 37,597 37,230 37,047 36,878 36,591 36,479 36,346 36,326 35,882 35,742 35,634 35,644 35,600 35,612 35,436 35,842 35,484 35,258 35,140 34,377 34,213 33,884 33,683 33,562 33,154 32,986 32,818 32,601 32,315 32,095 31,819 25,305 25,084 25,123 24,697 24,352 24,109 19,398 19,270 19,171 19,232 19,103 18,657 18,650 18,492 18,428 18,386 18,127 18,086 17,971 17,863 17,879 17,801 17,687 17,481 17,267 17,013 16,769 16,507 16,247 16,237.4 16,048.7 11,045.3 9,959.6 9,804.9 9,772.8 9,686.5 9,562 9,532.6 9,477.2 9,447.9 9,250.3 9,156 9,056.4 9,034.2 8,956.3 9,086.7 9,001.4 9,061.4
Total Assets 45,113 45,236 44,580 44,155 43,800 43,682 43,255 42,558 42,128 41,652 40,739 39,261 39,169 38,885 39,306 39,336 39,361 38,493 38,604 38,754 37,937 37,962 38,179 37,962 37,438 37,923 37,500 37,172 37,062 36,239 36,322 35,788 36,162 35,711 35,153 34,922 35,145 34,892 34,632 34,334 33,785 27,633 27,730 27,369 26,633 26,546 25,960 20,829 20,592 20,596 20,538 20,434 19,956 19,794 19,385 19,239 19,240 18,976 19,089 18,879 19,211 19,250 19,117 18,874 18,480 18,180 18,016 17,746 17,647 17,350 17,508.9 17,397.3 12,432.3 11,416.4 11,261.5 11,053.4 11,055.2 10,904.8 10,872.9 10,829.4 10,799.9 10,587.8 10,653.3 10,591.1 10,526.5 10,519.8 10,583.7 10,536.9 10,467.2
Current Liabilities
Account Payables 1,695 1,863 1,657 1,504 1,445 985 1,614 1,535 1,506 997 1,499 1,416 1,315 712 1,486 1,308 1,181 850 1,196 1,116 1,043 552 1,273 1,268 1,284 710 1,407 1,407 1,334 828 1,394 1,323 1,217 822 1,287 1,223 1,211 650 1,131 1,085 1,119 1,064 987 974 945 952 1,127 931 884 948 923 904 908 886 869 861 866 925 962 887 876 818 896 810 577 600 613 602 624 624 744.2 732.6 679 594 746.7 747.8 732.7 732.8 720.5 696.1 674.1 704.1 718.7 689.3 633.3 653.6 705.3 659.9 636.3
Short-Term Debt 609 607 607 903 555 555 555 655 404 4 405 535 403 703 605 605 1,153 553 558 1,048 501 579 89 85 400 316 751 401 835 585 500 500 650 700 600 600 550 650 550 550 100 363 648 474 394 468 383 511 210 360 613 616 358 356 604 629 306 297 296 103 503 503 655 571 147 141 67 64 91 88 90.6 88.3 83.2 100 123.9 127.4 133.2 130.9 102.4 105 112.3 116.9 118.2 160.3 167.4 263.2 284.3 224.4 228.2
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 711 965 1,033 1,037 960 1,026 1,329 1,269 1,315 760 797 792 668 396 408 363 370 365 384 330 344 375 386 343 352 429 401 373 378 460 317 260 304 438 320 252 303 436 333 267 313 284 306 232 240 287 267 299 359 294 (392) (296) 318 343 651 536 548 414 484 366 544 440 325 239 291 225 290 174 263 212 303 306.6 161.9 201 133.7 151.3 140.4 342.1 147 164.8 145.7 142.3 133.8 154.9 149.3 281.1 326.4 339.7 345.7
Total Current Liabilities 3,335 3,775 3,524 3,667 3,450 3,545 3,677 3,667 3,447 2,632 2,914 2,986 2,824 2,649 2,798 2,609 3,147 2,521 2,410 2,796 2,249 2,160 2,005 1,935 2,236 2,300 2,761 2,451 2,885 2,591 2,441 2,352 2,388 2,545 2,413 2,343 2,443 2,339 2,232 2,107 1,831 1,937 2,193 1,789 1,738 2,018 2,022 1,942 1,686 1,801 2,069 2,171 1,853 1,835 2,383 2,291 1,966 1,887 1,989 1,562 2,092 1,924 2,054 1,819 1,192 1,117 1,136 1,015 1,159 1,093 1,307.9 1,309.8 1,141.8 1,190.3 1,208.4 1,230.6 1,265.1 1,205.8 1,180.9 1,176 1,182.8 1,131.8 1,136.6 1,171.1 1,144.9 1,197.9 1,316 1,224 1,210.2
Non-Current Liabilities
Long-Term Debt 16,492 16,480 16,476 16,464 16,660 16,651 16,644 16,937 17,179 17,175 16,179 14,594 14,585 14,479 14,463 14,449 13,691 13,287 13,274 12,669 12,116 12,102 12,634 12,612 11,807 11,880 11,085 11,076 10,569 10,560 10,635 9,146 9,637 9,136 9,280 9,273 9,569 9,562 9,555 9,549 9,398 6,326 6,379 6,679 6,688 6,467 5,764 6,336 6,671 6,800 6,848 6,873 7,006 7,027 7,064 7,072 7,535 7,339 7,352 7,596 7,493 7,556 7,329 7,393 7,660 7,483 7,508 7,539 7,426 7,398 7,460.2 7,492.8 2,843.6 1,800.3 1,811.2 1,637.8 1,613.8 1,553.3 1,588.3 1,612.6 1,635.1 1,547.8 1,560 1,546 1,560.3 1,481.5 1,454.5 1,548.1 1,551.9
Deferred Tax Liabilities 7,758 7,711 7,734 7,529 7,477 7,420 7,363 7,228 7,199 7,225 7,207 7,227 7,248 7,265 7,193 7,281 7,217 7,165 7,089 7,035 6,977 6,922 6,898 6,874 6,828 6,815 6,689 6,596 6,518 6,460 6,464 6,414 6,367 6,324 9,367 9,259 9,199 9,140 9,127 9,047 8,989 6,818 6,800 6,747 6,446 6,406 6,365 3,327 3,263 3,223 3,141 3,075 3,010 2,942 2,781 2,746 2,703 2,745 2,720 2,698 2,662 2,687 2,653 2,554 2,554 2,545 2,473 2,468 2,487 2,480 2,447 2,407.9 2,392.5 2,411.6 2,351 2,313.6 2,314.7 2,299 2,258.6 2,244.2 2,218 2,208 2,173.3 2,124.1 2,095.3 2,129.8 2,150.4 2,077.6 2,063.6
Other Non-Current Liabilities 1,724 1,723 1,705 1,708 1,702 1,569 1,786 1,747 1,767 1,552 1,824 1,814 1,785 909 1,828 1,843 1,845 1,014 1,944 1,937 1,952 1,109 1,701 1,680 1,683 1,023 1,727 1,738 1,759 986 1,302 1,317 1,352 1,067 1,366 1,385 1,407 1,162 1,322 1,358 1,344 1,791 1,794 1,801 1,902 1,945 1,930 1,869 1,850 1,796 1,621 1,577 1,542 1,520 1,079 1,108 1,108 1,131 1,091 1,114 1,099 1,101 1,105 1,076 1,058 1,065 1,008 916 893 885 950 957.6 959.7 927 986.8 985.6 972 965.5 984.8 975.2 977.7 961.9 1,001.4 1,001.8 1,002.9 1,035.4 1,044.5 1,063.1 1,075
Total Non-Current Liabilities 25,974 25,914 25,915 25,701 25,839 25,831 25,793 25,912 26,145 26,239 25,210 23,635 23,618 23,503 23,484 23,573 22,753 22,331 22,307 21,641 21,045 21,011 21,233 21,166 20,318 20,439 19,501 19,410 18,846 18,286 18,401 16,877 17,356 16,807 20,013 19,917 20,175 20,144 20,004 19,954 19,731 14,935 14,973 15,227 15,036 14,818 14,059 11,532 11,784 11,810 11,610 11,525 11,558 11,489 10,924 10,926 11,346 11,215 11,163 11,408 11,254 11,344 11,087 11,023 11,272 11,093 10,989 10,923 10,806 10,763 10,857.2 10,858.3 6,195.8 5,199 5,149 4,937 4,900.5 4,817.8 4,831.7 4,832 4,830.8 4,717.7 4,734.7 4,671.9 4,658.5 4,646.7 4,649.4 4,688.8 4,690.5
Total Liabilities 29,309 29,689 29,439 29,368 29,289 29,376 29,470 29,579 29,592 28,871 28,124 26,621 26,442 26,152 26,282 26,182 25,900 24,852 24,717 24,437 23,294 23,171 23,238 23,101 22,554 22,739 22,262 21,861 21,731 20,877 20,842 19,229 19,744 19,352 22,426 22,260 22,618 22,483 22,236 22,061 21,562 16,872 17,166 17,016 16,774 16,836 16,081 13,474 13,470 13,611 13,679 13,696 13,411 13,324 13,307 13,217 13,312 13,102 13,152 12,970 13,346 13,268 13,141 12,842 12,464 12,210 12,125 11,938 11,965 11,856 12,165.1 12,168.1 7,337.6 6,389.3 6,357.4 6,167.6 6,165.6 6,023.6 6,012.6 6,008 6,013.6 5,849.5 5,871.3 5,843 5,803.4 5,844.6 5,965.4 5,912.8 5,900.7
Stockholders' Equity
Common Stock 226 226 226 226 227 228 228 227 227 227 227 228 229 230 233 236 240 242 244 248 251 254 255 256 258 259 262 265 267 269 274 281 284 285 288 290 291 292 293 295 297 370 371 370 369 369 408 415 413 412 411 411 410 410 407 407 406 405 405 405 405 404 402 402 401 401 401 401 400 399 398.8 132.8 132.7 132.4 132.4 133.7 135.2 136.3 137.4 138.4 139.5 140.4 142.8 143.9 145.3 0 0 0 0
Retained Earnings 13,477 13,235 12,894 12,563 12,296 12,093 11,666 10,874 10,443 10,695 10,589 10,611 10,698 10,697 10,987 11,116 11,412 11,586 11,990 12,407 12,737 12,883 12,911 12,863 12,902 13,207 13,310 13,377 13,411 13,440 13,645 14,456 14,327 14,176 10,665 10,624 10,493 10,425 10,367 10,269 10,221 9,317 9,156 9,027 8,671 8,551 8,373 6,421 6,239 6,112 5,985 5,876 5,694 5,593 5,244 5,188 5,104 5,053 5,124 5,102 5,063 5,187 5,231 5,289 5,288 5,252 5,173 5,092 4,980 4,826 4,677.6 4,572.3 4,444.8 4,403.7 4,283.7 4,270.9 4,272.5 4,282.4 4,266.8 4,233.6 4,195.5 4,154.6 4,188.9 4,151.8 4,120.9 4,078.5 4,022.8 4,030.2 3,972.2
Accumulated Other Comprehensive Income (211) (210) (262) (261) (261) (262) (332) (330) (322) (320) (364) (359) (355) (351) (377) (388) (394) (402) (571) (578) (586) (594) (471) (475) (481) (491) (553) (557) (560) (563) (435) (441) (448) (356) (475) (480) (485) (487) (433) (437) (442) (820) (834) (853) (922) (933) (353) (21) (37) (44) (64) (68) 0 (33) (14) (10) (7) (6) (6) (9) (9) (11) (4,831) (4,757) (4,639) (8) (4,538) (4,485) (4,474) (4,435) (4,515) (4,457) (4,417) (4,399) (4,366) (4,370) (4,343) (4,326) (4,338) (4,298) (4,250) (4,223) (4,223) (4,223) (4,223) 0 0 0 0
Total Stockholders' Equity 15,804 15,547 15,141 14,787 14,511 14,306 13,785 12,979 12,536 12,781 12,615 12,640 12,727 12,733 13,024 13,154 13,461 13,641 13,887 14,317 14,643 14,791 14,941 14,861 14,884 15,184 15,238 15,311 15,331 15,362 15,480 16,559 16,418 16,359 12,727 12,662 12,527 12,409 12,396 12,273 12,223 10,761 10,564 10,353 9,859 9,710 9,879 7,355 7,122 6,976 6,809 6,687 6,500 6,425 6,033 5,977 5,882 5,824 5,888 5,860 5,816 5,932 5,925 5,981 5,967 5,921 5,842 5,760 5,633 5,445 5,294.4 5,180.2 5,045 4,977.6 4,854.6 4,836 4,838.2 4,829 4,808.1 4,769.6 4,733.4 4,684.8 4,728.5 4,694.5 4,668.6 4,620.7 4,564.4 4,570.1 4,512.7
Total Liabilities & Equity 45,113 45,236 44,580 44,155 43,800 43,682 43,255 42,558 42,128 41,652 40,739 39,261 39,169 38,885 39,306 39,336 39,361 38,493 38,604 38,754 37,937 37,962 38,179 37,962 37,438 37,923 37,500 37,172 37,062 36,239 36,322 35,788 36,162 35,711 35,153 34,922 35,145 34,892 34,632 34,334 33,785 27,633 27,730 27,369 26,633 26,546 25,960 20,829 20,592 20,596 20,538 20,434 19,956 19,794 19,385 19,239 19,240 18,976 19,089 18,879 19,211 19,250 19,117 18,874 18,480 18,180 18,016 17,746 17,647 17,350 17,508.9 17,397.3 12,432.3 11,416.4 11,261.5 11,053.4 11,055.2 10,904.8 10,872.9 10,829.4 10,799.9 10,587.8 10,653.3 10,591.1 10,526.5 10,519.8 10,583.7 10,536.9 10,467.2
Debt Metrics
Total Debt 17,101 17,087 17,083 17,367 17,215 17,478 17,199 17,592 17,583 17,571 16,584 15,129 14,988 15,592 15,068 15,054 14,844 14,253 13,832 13,717 12,617 13,114 12,723 12,697 12,207 12,734 11,836 11,477 11,404 11,145 11,135 9,646 10,287 9,836 9,880 9,873 10,119 10,212 10,105 10,099 9,498 6,689 7,027 7,153 7,082 6,935 6,147 6,847 6,881 7,160 7,461 7,489 7,364 7,383 7,668 7,701 7,841 7,636 7,648 7,699 7,996 8,059 7,984 7,964 7,807 7,624 7,575 7,603 7,517 7,486 7,550.8 7,581.1 2,926.8 1,900.3 1,935.1 1,765.2 1,747 1,684.2 1,690.7 1,717.6 1,747.4 1,664.7 1,678.2 1,706.3 1,727.7 1,744.7 1,738.8 1,772.5 1,780.1
Net Debt 15,760 15,557 15,665 16,064 16,209 15,837 16,224 16,933 16,931 16,003 15,078 14,573 14,436 15,136 13,854 13,795 13,273 13,414 12,367 12,047 11,619 11,999 11,364 11,554 11,599 12,154 11,384 11,203 10,993 10,787 10,406 9,216 9,215 9,146 9,156 9,231 9,164 9,256 9,121 9,233 8,909 5,834 5,866 6,157 6,360 6,051 5,742 6,644 6,774 6,876 7,351 7,361 7,180 7,251 7,534 7,654 7,787 7,636 7,497 7,654 7,936 8,022 7,943 7,859 7,721 7,619 7,468 7,517 7,341 7,452 7,518.7 7,483.7 2,787.3 1,691.1 1,747.5 1,712.5 1,675.2 1,616.5 1,617.5 1,613.6 1,629.5 1,607.7 1,541.7 1,399.7 1,620 1,664.2 1,601.6 1,632.5 1,643.8
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 547 644 711 768 750 735 1,099 736 52 527 478 356 466 790 958 819 703 760 753 819 673 671 569 392 381 666 657 722 677 702 702 710 552 3,968 506 497 433 416 460 405 387 301 424 194 213 158 52 137 137 199 129 126 119 86 115 79 107 5 99 116 (48) 31 19 77 112 56 151 187 131 201.6 179.5 190.1 127.8 200.5 202.3 199.5 168.1 176.9 183.9 181.2 170.7 176.1 168.3 178.5 144.9 159.4 95.2 155.1 139
Depreciation & Amortization 352 353 348 346 346 342 339 335 337 330 326 321 321 309 306 304 302 298 297 294 292 287 293 282 292 285 287 284 283 282 276 274 272 268 266 265 260 260 259 258 253 198 196 197 133 132 133 132 132 131 134 133 131 131 132 133 132 130 129 129 129 852 (124) (121) (118) 787 (115) (112) (110) 760.9 (111.5) (109.6) (107.8) 749.7 (107.7) (107.2) (105.6) 721.6 (104.5) (102.6) (101) 709.5 (102.7) (102.8) (100.2) (97.7) (98.9) (105.1) (103.8)
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 11 4 13 13 0 0 0 0 0 0 13 0 2 0 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (586) 39 165 (37) (108) (49) 108 30 536 (92) (74) 73 461 (299) 294 (160) (36) (88) 156 27 52 (61) 77 177 (62) (82) (3) 21 (75) 51 48 47 (24) (128) 89 (45) 142 48 181 (149) 225 209 (76) 6 (16) (44) 99 114 (67) (60) (38) (75) 45 (146) (120) 16 (56) (724) 182 363 276 (42) 23 (45) 19 160 (19) 92 98 (20.3) 42.6 59.2 (38.5) (17.7) (53.7) (0.6) 54.8 53.6 3 (9.1) 98.1 (15.7) (2.7) 33.6 3.7 (141.2) 89 13 12.7
Other Non-Cash Items (17) 65 (159) (52) (95) (112) (456) (96) (60) (96) (52) (57) (71) (66) (70) (22) (23) (54) (41) (113) (54) (91) 35 (93) 331 (79) 2 (32) (61) (228) (17) (65) (29) (242) (77) (45) (45) (52) (96) (18) (30) (20) (21) (13) (22) (16) (46) (18) (22) (131) (83) (16) (15) (36) (45) (6) (31) 708 (83) (40) (31) (907) 192 276 204 (935) 240 16 44 (742.8) 163.4 190.6 280.6 (664.3) 197.2 203 189.3 (650.9) 198.6 192.8 158.4 (627) 199.8 196.5 171.8 180.9 122.5 232.5 (57.2)
Operating Cash Flow 344 1,063 1,271 1,077 950 951 1,226 1,036 839 673 660 673 1,173 798 1,413 1,017 994 942 1,216 1,082 1,015 870 1,009 803 955 895 1,045 1,071 881 842 1,058 1,010 816 788 889 730 846 722 880 553 879 742 452 408 368 258 254 434 233 133 181 237 322 63 77 267 192 119 337 594 292 (33) 140 198 228 131 307 182 270 224.6 318.2 335.8 271.4 321 273.3 289.9 320.5 323.2 290.5 284.8 338.9 287.3 312.1 321.4 223.5 129.1 266.6 264.3 214.6
Investing Activities
Capital Expenditure (382) 1,475 (551) (475) (449) (675) (581) (569) (2,199) (853) (548) (520) (428) (666) (445) (448) (389) (445) (398) (362) (265) (441) (318) (369) (366) (525) (515) (512) (467) (625) (490) (453) (383) (408) (432) (445) (438) (583) (372) (534) (398) (221) (213) (144) (240) (172) (184) (150) (189) (197) (172) (169) (152) (196) (152) (169) (131) (223) (157) (181) (170) (200) (176) (270) (266) (271) (213) (245) (227) (187.8) (215.7) (242) (229.5) (188) (162.8) (174.4) (163) (161.3) (164.9) (149.5) (183.2) (221) (177.1) (123.9) (190.9) (160.8) (176.8) (179.5) (152.1)
Acquisitions 162 (102) 54 48 18 (70) 457 38 32 2,473 1 41 20 70 93 64 36 24 69 29 0 104 0 0 25 104 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 241 244 148 255 173 222 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (3) 615 (2) (4) (609) (1) (112) (205) (1) (4) (114) (6) (20) (4) (1) (6) (1) (5) 0 (5) 0 42 7 (38) (25) (11) (24) (52) (35) (6) 0 (2) (2) (3) 0 (2) (2) (4) (96) 0 (23) (805) (124) (303) (28) (23) (23) (17) (46) (20) (20) (14) (23) (21) (18) (22) (24) (13) (21) (22) (21) (18) (13) (44) (48) 30 (40) (52) (54) 5,708.9 (98.3) (4,717.2) (1,078.4) (25) (15.4) (18) (23.6) (20.9) (14.9) (15.3) (24.3) 54.7 (152.2) 0 0 0 (21.6) (23.8) (20.1)
Sales/Maturities of Investments 10 47 16 17 19 656 12 13 324 45 8 135 17 57 7 11 19 51 11 11 26 (104) 0 0 (25) (104) 0 0 0 3 90 5 1 39 5 2 1 42 3 2 1 189 148 216 3 1 107 (4) 1 4 48 2 2 11 53 3 30 47 5 3 35 163 8 127 45 47 36 45 27 73.3 19.5 21.4 102.8 74.5 22.4 66.8 21.7 40.8 5.6 6.1 51.5 70.6 (0.2) 178.9 81.4 (8.5) 56 (5.2) 46.3
Other Investing Activities 0 (2,679) 0 0 0 101 0 0 0 (2,449) 0 0 20 0 0 0 0 0 0 0 37 42 33 100 158 95 68 62 152 111 45 35 13 65 77 25 35 43 47 28 12 (221) (213) (144) (240) (172) (184) 25 12 3 16 15 0 0 118 13 15 21 34 52 30 28 33 27 13 (16) 35 9 222 (5,724.4) 14.2 25.7 17.5 (39.7) 32.9 31.9 24 (18.4) 27.2 22.2 31.4 (26) (5.9) (9.4) 33.1 81.5 6.2 54.2 34.1
Investing Cash Flow (213) (644) (483) (414) (1,021) 11 (224) (723) (1,844) (788) (653) (350) (391) (543) (346) (379) (335) (375) (318) (327) (202) (357) (278) (307) (233) (441) (471) (502) (350) (517) (355) (415) (371) (307) (350) (420) (404) (502) (418) (504) (408) (817) (158) (227) (250) (193) (62) (146) (222) (210) (128) (166) (173) (206) 1 (175) (110) (168) (139) (148) (126) (27) (148) (160) (256) (210) (182) (243) (32) (130) (280.3) (4,912.1) (1,187.6) (178.2) (122.9) (93.7) (140.9) (159.8) (147) (136.5) (124.6) (121.7) (335.4) 45.6 (76.4) (87.8) (136.2) (154.3) (91.8)
Financing Activities
Net Debt Issuance (1) 158 (301) 144 (1) (1) (401) (2) 400 589 1,448 128 (206) 98 (1) 194 988 (8) 98 (1) (84) (56) (11) 0 0 350 350 54 250 0 1,480 (650) 443 (55) (5) (252) (100) 100 0 594 (600) (36) (689) 194 (15) (215) 0 (210) (4) 47 23 (8) (197) 91 16 17 (75) (27) (15) (386) (66) 136 17 46 181 (81) (29) 38 (40) (1,485.7) 37.7 4,602.3 913 (35.1) 169.8 (11.5) (6.2) (10.2) (27.1) (14.5) (14.4) (14.9) (28.2) (21.8) (17.3) 5.4 (33.9) (8) (17.2)
Stock Repurchased (5) 0 (70) (207) (257) 11 5 1 (6) (107) (200) (139) (173) (825) (835) (836) (618) (930) (935) (934) (591) (479) (291) (203) (466) (549) (500) (550) (500) (481) (1,600) (400) (300) (300) (310) (202) (200) (200) (203) (193) (207) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (18.9) (124.5) (137.4) (108.6) (99.6) (84.9) (81.8) (71.9) (165.8) (54.4) (80.3) (44.3) (39.5) (36.3) (37) (25.3)
Dividends Paid (303) (303) (303) (303) (306) (306) (305) (305) (305) (305) (305) (308) (307) (286) (290) (294) (297) (264) (268) (247) (249) (238) (240) (240) (242) (244) (247) (228) (230) (217) (219) (203) (205) (174) (175) (177) (177) (172) (173) (174) (176) (53) (44) (44) (31) (32) (31) (31) (28) (27) (27) (28) (23) (23) (24) (23) (23) (76) (77) (76) (77) (76) (76) (76) (76) (76) (76) (75) (76) (75.2) (75.4) (75.3) (75.1) (70) (70.6) (71.2) (71.9) (67.6) (68.2) (68.7) (69) (64.8) (65.5) (66.1) (66.3) (66.7) (66.9) (62.9) (63.2)
Other Financing Activities 0 (161) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,093 (6) 0 0 482 0 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (43) 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 129 0 0 0 1,468 (72.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow (320) (307) (673) (366) (564) (296) (686) (306) 89 177 943 (319) (686) (1,013) (1,112) (950) 73 (1,193) (1,103) (83) (930) (757) (515) 39 (694) (414) (394) (708) (478) (696) (316) (1,237) (63) (515) (457) (623) (443) (248) (344) 228 (983) (47) (727) 216 (22) (242) (66) (240) (29) 21 (1) (33) (219) 103 (8) (5) (89) (102) (92) (461) (143) 56 (56) (19) 109 (23) (104) (29) (96) (90.5) (103.2) 4,534.2 846.5 (121.2) (15.5) (215.3) (175.5) (168.9) (174.3) (162.2) (153.4) (245.1) (146.8) (168.1) (119.9) (98) (133.2) (106.3) (98.3)
Cash Position
Net Change in Cash (189) 112 115 297 (635) 666 316 7 (916) 62 950 4 96 (758) (45) (312) 732 (626) (205) 672 (117) (244) 216 535 28 40 180 (139) 53 (371) 387 (642) 382 (34) 82 (313) (1) (28) 118 277 (512) (122) (433) 397 96 (177) 126 48 (18) (56) 52 38 (70) (40) 70 87 (7) (102) 106 (15) 23 (4) (64) 19 81 (102) 21 (90) 142 1.9 (65.3) (42.1) (69.7) 21.6 134.9 (19.1) 4.1 (5.5) (30.8) (13.9) 60.9 (79.5) (170.1) 198.9 27.2 (98) (133.2) (106.3) (98.3)
Cash at Beginning 1,530 1,418 1,303 1,006 1,641 975 659 652 1,568 1,506 556 552 456 1,214 1,259 1,571 839 1,465 1,670 998 1,115 1,359 1,143 608 580 540 360 499 446 817 430 1,072 690 724 642 955 956 984 866 589 1,101 431 864 467 107 284 158 110 128 184 132 94 164 204 134 47 54 151 45 60 37 41 105 86 5 107 86 176 34 32.1 97.4 139.5 209.2 187.6 52.7 71.8 67.7 73.2 104 117.9 57 136.5 306.6 107.7 80.5 0 0 0 111.8
Cash at End 1,341 1,530 1,418 1,303 1,006 1,641 975 659 652 1,568 1,506 556 552 456 1,214 1,259 1,571 839 1,465 1,670 998 1,115 1,359 1,143 608 580 540 360 499 446 817 430 1,072 690 724 642 955 956 984 866 589 309 431 864 203 107 284 158 110 128 184 132 94 164 204 134 47 49 151 45 60 37 41 105 86 5 107 86 176 34 32.1 97.4 139.5 209.2 187.6 52.7 71.8 67.7 73.2 104 117.9 57 136.5 306.6 107.7 (98) (133.2) (106.3) 13.5
Free Cash Flow (38) 2,538 720 602 501 276 645 467 (1,360) (180) 112 153 745 132 968 569 605 497 818 720 750 429 691 434 589 370 530 559 414 217 568 557 433 380 457 285 408 139 508 19 481 521 239 264 128 86 70 284 44 (64) 9 68 170 (133) (75) 98 61 (104) 180 413 122 (233) (36) (72) (38) (140) 94 (63) 43 36.8 102.5 93.8 41.9 133 110.5 115.5 157.5 161.9 125.6 135.3 155.7 66.3 135 197.5 32.6 (31.7) 89.8 84.8 62.5
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 2,998 2,974 3,103 3,110 2,993 3,024 3,051 3,044 3,004 3,073 2,971 2,980 3,132 3,237 3,343 3,250 2,915 2,852 2,852 2,799 2,639 2,573 2,506 2,085 2,625 2,690 2,841 2,925 2,840 2,896 2,947 2,898 2,717 2,669 2,670 2,637 2,575 2,490 2,524 2,454 2,420 2,518 2,713 2,713 2,567 2,870 3,023 3,042 2,689 2,881 2,824 2,802 2,738 2,684 2,693 2,874 2,789 2,797 2,889 2,866 2,620 2,392 2,456 2,430 2,238 2,106 2,063 1,857 1,943 2,502 2,894 2,765 2,500 2,454 2,353 2,378 2,247 2,319 2,393 2,392 2,303 2,257 2,155 2,154 1,961 1,949 1,857 1,813 1,693 1,676 1,633 1,581 1,593 1,530 1,592 1,540 1,569 1,517 1,578 1,495
Gross Profit 1,291 2,097 1,029 1,104 938 1,093 1,256 1,103 312 795 748 557 708 1,156 1,255 1,243 1,079 1,123 1,131 1,100 1,011 984 840 610 953 962 964 1,065 966 1,078 1,020 1,026 835 998 895 872 773 761 820 881 917 895 947 932 730 1,117 1,116 1,143 888 1,078 1,049 1,049 909 912 1,685 1,887 1,755 1,755 1,891 1,827 1,576 1,508 1,630 1,607 1,458 1,375 1,370 1,226 1,229 1,628 1,803 1,660 1,481 1,289 1,557 1,587 1,479 1,491 1,554 1,534 1,484 1,455 1,383 1,444 1,227 1,259 1,159 1,019 918 1,140 860 1,440 845 1,459 806 746 1,408 718 799 812
Operating Income 877 937 1,029 1,104 938 1,093 1,256 1,103 312 795 748 557 708 1,156 1,255 1,243 1,079 1,123 1,131 1,100 1,011 984 840 610 953 962 964 1,065 966 1,078 1,020 1,026 835 998 895 872 773 761 820 770 723 642 822 814 606 891 998 1,019 667 881 849 836 691 714 731 934 745 800 938 875 600 642 746 733 555 549 562 468 383 813 894 799 578 686 681 690 528 614 715 677 551 594 528 592 403 462 469 425 346 224 298 288 322 275 282 205 116 211 278 28
Net Income 547 644 711 768 750 733 1,099 737 53 527 478 356 466 790 958 819 703 760 753 819 673 671 569 392 381 666 657 722 677 702 702 710 552 3,968 506 497 433 416 460 405 387 361 452 433 310 511 559 562 368 513 482 465 450 413 402 524 410 480 554 557 325 402 445 392 257 307 303 247 177 452 520 453 291 399 386 394 285 385 416 375 305 362 301 424 194 264 288 213 158 52 137 129 119 115 107 74 5 99 116 (48)
EPS (Diluted) 2.43 2.87 3.16 3.41 3.31 3.23 4.85 3.25 0.23 2.33 2.10 1.56 2.04 3.42 4.09 3.45 2.93 3.12 3.06 3.28 2.66 2.64 2.22 1.53 1.47 2.55 2.49 2.70 2.51 2.57 2.52 2.50 1.93 13.79 1.75 1.71 1.48 1.42 1.55 1.36 1.29 1.20 1.49 1.41 1.00 1.64 1.79 1.79 1.17 1.64 1.53 1.46 1.41 1.30 1.24 1.60 1.23 1.46 1.59 1.56 0.90 1.13 1.19 1.04 0.68 0.83 0.81 0.66 0.47 1.23 1.37 1.18 0.76 1.06 0.97 0.98 0.71 0.97 1.02 0.89 0.72 0.88 0.73 1.04 0.47 0.65 0.72 0.54 0.40 0.13 0.35 0.33 0.31 0.29 0.28 0.19 0.01 0.26 0.30 -0.12
Balance Sheet
Cash & Equivalents 1,341 1,530 1,418 1,303 1,006 1,641 975 659 652 1,568 1,506 556 552 456 1,214 1,259 1,571 839 1,465 1,670 998 1,115 1,359 1,143 608 580 452 274 411 358 729 430 1,072 690 724 642 955 956 984 866 589 855 1,161 996 722 884 405 203 107 284 110 128 184 132 134 47 54 0 151 45 60 37 41 105 86 5 107 86 176 34 32.1 97.4 139.5 209.2 187.6 52.7 71.8 67.7 73.2 104 117.9 57 136.5 306.6 107.7 80.5 137.2 140 136.3
Total Assets 45,113 45,236 44,580 44,155 43,800 43,682 43,255 42,558 42,128 41,652 40,739 39,261 39,169 38,885 39,306 39,336 39,361 38,493 38,604 38,754 37,937 37,962 38,179 37,962 37,438 37,923 37,500 37,172 37,062 36,239 36,322 35,788 36,162 35,711 35,153 34,922 35,145 34,892 34,632 34,334 33,785 27,633 27,730 27,369 26,633 26,546 25,960 20,829 20,592 20,596 20,538 20,434 19,956 19,794 19,385 19,239 19,240 18,976 19,089 18,879 19,211 19,250 19,117 18,874 18,480 18,180 18,016 17,746 17,647 17,350 17,508.9 17,397.3 12,432.3 11,416.4 11,261.5 11,053.4 11,055.2 10,904.8 10,872.9 10,829.4 10,799.9 10,587.8 10,653.3 10,591.1 10,526.5 10,519.8 10,583.7 10,536.9 10,467.2
Total Debt 17,101 17,087 17,083 17,367 17,215 17,478 17,199 17,592 17,583 17,571 16,584 15,129 14,988 15,592 15,068 15,054 14,844 14,253 13,832 13,717 12,617 13,114 12,723 12,697 12,207 12,734 11,836 11,477 11,404 11,145 11,135 9,646 10,287 9,836 9,880 9,873 10,119 10,212 10,105 10,099 9,498 6,689 7,027 7,153 7,082 6,935 6,147 6,847 6,881 7,160 7,461 7,489 7,364 7,383 7,668 7,701 7,841 7,636 7,648 7,699 7,996 8,059 7,984 7,964 7,807 7,624 7,575 7,603 7,517 7,486 7,550.8 7,581.1 2,926.8 1,900.3 1,935.1 1,765.2 1,747 1,684.2 1,690.7 1,717.6 1,747.4 1,664.7 1,678.2 1,706.3 1,727.7 1,744.7 1,738.8 1,772.5 1,780.1
Stockholders' Equity 15,804 15,547 15,141 14,787 14,511 14,306 13,785 12,979 12,536 12,781 12,615 12,640 12,727 12,733 13,024 13,154 13,461 13,641 13,887 14,317 14,643 14,791 14,941 14,861 14,884 15,184 15,238 15,311 15,331 15,362 15,480 16,559 16,418 16,359 12,727 12,662 12,527 12,409 12,396 12,273 12,223 10,761 10,564 10,353 9,859 9,710 9,879 7,355 7,122 6,976 6,809 6,687 6,500 6,425 6,033 5,977 5,882 5,824 5,888 5,860 5,816 5,932 5,925 5,981 5,967 5,921 5,842 5,760 5,633 5,445 5,294.4 5,180.2 5,045 4,977.6 4,854.6 4,836 4,838.2 4,829 4,808.1 4,769.6 4,733.4 4,684.8 4,728.5 4,694.5 4,668.6 4,620.7 4,564.4 4,570.1 4,512.7
Cash Flow
Operating Cash Flow 344 1,063 1,271 1,077 950 951 1,226 1,036 839 673 660 673 1,173 798 1,413 1,017 994 942 1,216 1,082 1,015 870 1,009 803 955 895 1,045 1,071 881 842 1,058 1,010 816 788 889 730 846 722 880 553 879 742 452 408 368 258 254 434 233 133 181 237 322 63 77 267 192 119 337 594 292 (33) 140 198 228 131 307 182 270 224.6 318.2 335.8 271.4 321 273.3 289.9 320.5 323.2 290.5 284.8 338.9 287.3 312.1 321.4 223.5 129.1 266.6 264.3 214.6
Capital Expenditure (382) 1,475 (551) (475) (449) (675) (581) (569) (2,199) (853) (548) (520) (428) (666) (445) (448) (389) (445) (398) (362) (265) (441) (318) (369) (366) (525) (515) (512) (467) (625) (490) (453) (383) (408) (432) (445) (438) (583) (372) (534) (398) (221) (213) (144) (240) (172) (184) (150) (189) (197) (172) (169) (152) (196) (152) (169) (131) (223) (157) (181) (170) (200) (176) (270) (266) (271) (213) (245) (227) (187.8) (215.7) (242) (229.5) (188) (162.8) (174.4) (163) (161.3) (164.9) (149.5) (183.2) (221) (177.1) (123.9) (190.9) (160.8) (176.8) (179.5) (152.1)
Free Cash Flow (38) 2,538 720 602 501 276 645 467 (1,360) (180) 112 153 745 132 968 569 605 497 818 720 750 429 691 434 589 370 530 559 414 217 568 557 433 380 457 285 408 139 508 19 481 521 239 264 128 86 70 284 44 (64) 9 68 170 (133) (75) 98 61 (104) 180 413 122 (233) (36) (72) (38) (140) 94 (63) 43 36.8 102.5 93.8 41.9 133 110.5 115.5 157.5 161.9 125.6 135.3 155.7 66.3 135 197.5 32.6 (31.7) 89.8 84.8 62.5