NORFOLK SOUTHERN CORP (NSC)
Norfolk Southern Corporation (NSC), operating through its various subsidiaries, is a prominent rail transport provider in the United States. The company's core business involves the conveyance of raw materials, semi-finished goods, and completed merchandise across the nation. Its extensive freight services cover a broad spectrum of commodities. This includes a variety of agricultural and forestry products like grains (e.g., soybeans, wheat, corn), fertilizers, animal feeds, and diverse foodstuffs such as oils, flour, sweeteners, beverages, and canned goods, alongside lumber and paper products. NSC also handles a wide range of chemicals, from sulfur and petroleum derivatives to chlorine compounds, plastics, industrial chemicals, and sand. Furthermore, the company moves metals and construction supplies, including steel, aluminum, heavy machinery, cement, aggregates, and specialized military equipment. Transportation of both finished motor vehicles and automotive components is a significant segment, as is the consistent shipment of coal. Beyond its principal freight operations, Norfolk Southern facilitates global trade by connecting with various Atlantic and Gulf Coast ports for overseas cargo. The corporation also manages an expansive intermodal network and offers commuter passenger rail services. As of the close of 2021, the company's vast railway infrastructure extended over roughly 19,300 route miles, serving 22 states and the District of Columbia. Norfolk Southern Corporation, originally incorporated in 1980, is based in Atlanta, Georgia.
Sector: Railroads, Line-Haul Operating
Industry: Railroads
Norfolk Southern Corporation
NYSE:NSCIndustrials · Railroads
-2.44%$329.99
AH Close$329.99+0.00%vs close
AH Close$329.99+0.00%vs close
Mkt Cap$74.12B
Float224.41M
O/S224.62M
Inst Own74.6%
SI3.2%
Div Yield1.64%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$12.18B
Net Income$2.87B
Total Assets$45.24B
Free Cash Flow$2.16B
Debt & Equity
Debt 52%
Equity 48%
Total Debt$17.09B
Total Equity$15.55B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NSC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$45.24B
Liabilities$29.69B
Accounts Receivable$988M
Accounts Payable$1.86B
Inventory$271M
PP&E (Net)$36.48B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Revenue | $12.18B | $12.12B | $12.16B | $12.74B | $11.14B | $9.79B | $11.3B | $11.46B | $10.55B | $9.89B | $10.51B | $11.62B | $11.24B | $11.04B | $11.17B | $9.52B | $7.97B | $10.66B | $9.43B | $9.41B | $8.53B | $7.31B | $6.47B | $6.27B | $6.17B | $6.16B | $5.2B | $4.22B | $4.22B | $4.77B | $4.67B | $4.58B | $4.46B | $4.61B | $4.45B | $4.62B | $4.54B | $4.46B | $4.11B | $4.08B |
| YoY Growth | 0.5% | -0.3% | -4.6% | 14.4% | 13.8% | -13.3% | -1.4% | 8.6% | 6.7% | -5.9% | -9.6% | 3.4% | 1.9% | -1.2% | 17.4% | 19.4% | -25.3% | 13.0% | 0.3% | 10.3% | 16.6% | 13.0% | 3.2% | 1.6% | 0.2% | 18.6% | 23.1% | -0.0% | -11.5% | 2.2% | 1.9% | 2.7% | -3.2% | 3.5% | -3.6% | 1.8% | 1.7% | 8.5% | 0.9% | - |
| Cost of Revenue | $7.01B | $8.36B | $9.35B | $8.01B | $6.78B | $6.39B | $7.4B | $7.5B | $7.03B | $6.82B | $7.63B | $8.05B | $7.99B | $7.92B | $7.97B | $6.85B | $6.01B | $7.58B | $6.86B | $6.85B | $5.93B | $5.24B | $2.83B | $2.38B | $2.42B | $2.54B | $1.93B | $269M | $350M | $1.11B | $1.06B | $1.1B | $1.68B | $1.82B | $3.59B | $3.02B | $2.96B | $2.03B | $2.73B | $2.7B |
| Gross Profit | $5.17B | $3.76B | $2.81B | $4.73B | $4.37B | $3.4B | $3.89B | $3.96B | $3.52B | $3.07B | $2.88B | $3.57B | $3.25B | $3.12B | $3.21B | $2.67B | $1.96B | $3.08B | $2.57B | $2.56B | $2.6B | $2.07B | $3.64B | $3.89B | $3.75B | $3.62B | $3.26B | $3.95B | $3.87B | $3.66B | $3.61B | $3.48B | $2.78B | $2.78B | $862.6M | $1.59B | $1.58B | $2.44B | $1.38B | $1.37B |
| Gross Margin | 42.4% | 31.0% | 23.1% | 37.1% | 39.2% | 34.7% | 34.5% | 34.6% | 33.4% | 31.0% | 27.4% | 30.7% | 28.9% | 28.2% | 28.7% | 28.0% | 24.6% | 28.9% | 27.3% | 27.2% | 30.4% | 28.4% | 56.3% | 62.0% | 60.8% | 58.7% | 62.8% | 93.6% | 91.7% | 76.8% | 77.4% | 76.0% | 62.2% | 60.4% | 19.4% | 34.5% | 34.8% | 54.6% | 33.6% | 33.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $753M | -$120M | -$117M | -$126M | -$102M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.06B | $2.36B | $2.3B | $2.52B | $2.13B | $1.68B | $1.65B | $1.65B | $1.72B | $1.64B | $1.51B | $1.5B | $369.3M | $411.8M | $407.3M | $1.18B | $973.8M | $391.4M |
| Other | $407M | $120M | $117M | $126M | $102M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $437M | $371M | $638M | $708M | $729M | $749M | $691M | $1.41B | $1.18B | $1.41B | $1.35B | $1.37B | $405.5M | $396.6M | $381.3M | $373M | $347M | $311.8M | $301.8M | $280.9M |
| Total Operating Expenses | $1.16B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $437M | $371M | $3.69B | $3.07B | $3.03B | $3.27B | $2.82B | $3.09B | $2.83B | $3.06B | $3.07B | $3.01B | $1.92B | $1.9B | $750.6M | $784.8M | $754.3M | $1.49B | $1.28B | $672.3M |
| Operating Income (EBIT) | $4.01B | $3.76B | $2.81B | $4.73B | $4.37B | $3.4B | $3.89B | $3.96B | $3.52B | $3.07B | $2.88B | $3.57B | $3.25B | $3.12B | $3.21B | $2.67B | $1.96B | $3.08B | $2.57B | $2.56B | $2.16B | $1.7B | $1.06B | $1.16B | $1.01B | $633M | $718M | $1.05B | $1.21B | $1.2B | $1.09B | $1.07B | $860.4M | $886.5M | $112M | $808.1M | $825.2M | $945.2M | $105M | $702M |
| Operating Margin | 32.9% | 31.0% | 23.1% | 37.1% | 39.2% | 34.7% | 34.5% | 34.6% | 33.4% | 31.0% | 27.4% | 30.7% | 28.9% | 28.2% | 28.7% | 28.0% | 24.6% | 28.9% | 27.3% | 27.2% | 25.3% | 23.3% | 16.5% | 18.5% | 16.3% | 10.3% | 13.8% | 24.9% | 28.7% | 25.1% | 23.3% | 23.3% | 19.3% | 19.2% | 2.5% | 17.5% | 18.2% | 21.2% | 2.6% | 17.2% |
| Interest Expense | $792M | $807M | $722M | $692M | $646M | $625M | $604M | $557M | $550M | $569M | $545M | $557M | $537M | $504M | $455M | $462M | $467M | $444M | $441M | $0 | $497M | $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 | $10M | $8M | $9M | $8M | $8M | $9M | $12M | $0 | $0 | $45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$343M | -$435M | -$488M | -$603M | -$487M | -$867M | -$402M | -$490M | -$394M | -$488M | -$437M | -$436M | -$286M | -$360M | -$288M | -$302M | -$340M | -$334M | -$337M | -$327M | -$461M | -$400M | -$478M | -$452M | -$454M | -$383M | -$367M | -$207M | -$215M | $1M | $2.7M | -$16.4M | $38.2M | -$11.2M | $31.6M | $67.3M | $107.5M | $55.4M | $174.5M | $154M |
| Income Before Tax (EBT) | $3.67B | $3.33B | $2.32B | $4.13B | $3.88B | $2.53B | $3.49B | $3.47B | $3.13B | $2.58B | $2.44B | $3.13B | $2.96B | $2.76B | $2.92B | $2.37B | $1.62B | $2.75B | $2.24B | $2.23B | $1.7B | $1.3B | $586M | $706M | $553M | $250M | $351M | $845M | $998M | $1.2B | $1.11B | $1.05B | $898.6M | $875.3M | $143.6M | $875.4M | $932.7M | $1B | $279.5M | $856M |
| Income Tax Expense | $792M | $707M | $493M | $860M | $873M | $517M | $769M | $803M | -$2.28B | $914M | $886M | $1.13B | $1.05B | $1.01B | $1B | $871M | $588M | $1.03B | $773M | $749M | $416M | $379M | $175M | $246M | $191M | $78M | $112M | $215M | $299M | $426.5M | $402M | $381.2M | $349.9M | $317.6M | $113.9M | $319.3M | $326.5M | $365.5M | $107.1M | $337.3M |
| Net Income | $2.87B | $2.62B | $1.83B | $3.27B | $3B | $2.01B | $2.72B | $2.67B | $5.4B | $1.67B | $1.56B | $2B | $1.91B | $1.75B | $1.92B | $1.5B | $1.03B | $1.72B | $1.46B | $1.48B | $1.28B | $923M | $535M | $460M | $375M | $172M | $239M | $734M | $721M | $770.4M | $712.7M | $667.8M | $772M | $557.7M | $29.7M | $556.1M | $606.2M | $635.1M | $172.4M | $518.7M |
| Net Income Margin | 23.6% | 21.6% | 15.0% | 25.7% | 27.0% | 20.6% | 24.1% | 23.3% | 51.2% | 16.9% | 14.8% | 17.2% | 17.0% | 15.8% | 17.2% | 15.7% | 13.0% | 16.1% | 15.5% | 15.7% | 15.0% | 12.6% | 8.3% | 7.3% | 6.1% | 2.8% | 4.6% | 17.4% | 17.1% | 16.2% | 15.3% | 14.6% | 17.3% | 12.1% | 0.7% | 12.0% | 13.4% | 14.2% | 4.2% | 12.7% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 12.75 | 11.58 | 8.04 | 13.92 | 12.16 | 7.88 | 10.32 | 9.94 | 18.76 | 5.66 | 5.13 | 6.44 | 6.10 | 5.42 | 5.52 | 4.06 | 2.79 | 4.60 | 3.74 | 3.63 | 3.17 | 2.34 | 1.37 | 1.18 | 0.97 | 0.45 | 0.63 | 1.94 | 1.91 | 2.03 | 1.81 | 1.63 | 1.85 | 1.31 | 0.07 | 1.16 | 1.17 | 1.16 | 0.30 | 0.91 |
| Diluted EPS | 12.75 | 11.57 | 8.02 | 13.88 | 12.11 | 7.84 | 10.25 | 9.51 | 18.61 | 5.62 | 5.10 | 6.39 | 6.04 | 5.37 | 5.45 | 4.00 | 2.76 | 4.52 | 3.68 | 3.57 | 3.11 | 2.31 | 1.37 | 1.18 | 0.97 | 0.45 | 0.63 | 1.93 | 1.90 | 2.01 | 1.80 | 1.63 | 1.83 | 1.30 | 0.07 | 1.16 | 1.16 | 1.16 | 0.30 | 0.91 |
| Weighted Average OS | 224.80M | 226.10M | 226.90M | 234.80M | 246.90M | 255.10M | 263.30M | 268.10M | 287.90M | 293.90M | 301.90M | 309.40M | 311.90M | 320.90M | 345.50M | 366.50M | 367.10M | 372.30M | 389.60M | 407.99M | 404.10M | 394.44M | 390.51M | 389.83M | 386.60M | 382.22M | 379.37M | 378.35M | 377.49M | 379.31M | 393.92M | 408.86M | 417.30M | 425.73M | 424.29M | 479.40M | 518.12M | 547.50M | 574.67M | 570.00M |
| EBITDA | $5.85B | $5.49B | $4.34B | $6.04B | $5.71B | $4.31B | $5.23B | $5.13B | $4.74B | $4.18B | $4.09B | $4.65B | $4.42B | $4.17B | $4.24B | $3.67B | $2.94B | $4.01B | $3.49B | $3.47B | $2.98B | $2.42B | $1.06B | $1.16B | $406M | $866M | $931M | $1.31B | $1.72B | $1.55B | $1.44B | $1.43B | $1.13B | $1.19B | $362M | $1.04B | $1.01B | $1.26B | $406.8M | $982.9M |
| EBITDA Margin | 48.0% | 45.3% | 35.7% | 47.4% | 51.2% | 44.0% | 46.3% | 44.8% | 44.9% | 42.3% | 38.9% | 40.0% | 39.3% | 37.8% | 38.0% | 38.6% | 36.9% | 37.6% | 37.0% | 36.9% | 35.0% | 33.1% | 16.5% | 18.5% | 6.6% | 14.1% | 17.9% | 31.1% | 40.8% | 32.6% | 30.9% | 31.2% | 25.3% | 25.7% | 8.1% | 22.4% | 22.4% | 28.2% | 9.9% | 24.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.53B | $1.64B | $1.57B | $456M | $839M | $1.11B | $580M | $358M | $690M | $956M | $1.1B | $973M | $1.44B | $653M | $276M | $827M | $996M | $618M | $206M | $527M | $289M | $579M | $284M | $184M | $204M | $0 | $37M | $5M | $34M | $209.2M | $67.7M | $57M | $80.5M | $111.8M | $158.2M | $389.7M | $216.3M | $637.6M | $799.9M | $723.7M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $118M | $15M | $25M | $283M | $90M | $0 | $0 | $391M | $968M | $90M | $0 | $0 | $0 | $2M | $14M | $58M | $125M | $194.2M | $261.3M | $249.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.53B | $1.64B | $1.57B | $456M | $839M | $1.11B | $580M | $358M | $690M | $956M | $1.1B | $973M | $1.56B | $668M | $301M | $1.11B | $1.09B | $618M | $206M | $918M | $1.26B | $669M | $284M | $184M | $204M | $2M | $51M | $63M | $159M | $403.4M | $329M | $306.7M | $80.5M | $111.8M | $158.2M | $389.7M | $216.3M | $637.6M | $799.9M | $723.7M |
| Accounts Receivable | $988M | $1.07B | $1.15B | $1.15B | $976M | $848M | $920M | $1.01B | $955M | $945M | $946M | $1.05B | $1.02B | $1.11B | $1.02B | $807M | $766M | $870M | $942M | $992M | $931M | $767M | $695M | $683M | $475M | $411M | $857M | $519M | $552M | $558M | $703.5M | $726.6M | $907.6M | $1.01B | $724.9M | $852.7M | $887.8M | $966M | $887.6M | $793.8M |
| Inventory | $271M | $277M | $264M | $253M | $218M | $221M | $244M | $207M | $222M | $257M | $271M | $236M | $223M | $216M | $209M | $169M | $164M | $194M | $176M | $151M | $132M | $104M | $92M | $97M | $90M | $91M | $100M | $59M | $58M | $63M | $61.7M | $61.9M | $70.3M | $80.8M | $70.3M | $80.8M | $64.6M | $66.2M | $55.8M | $57.4M |
| Other Current Assets | $409M | $201M | $292M | $150M | $134M | $134M | $337M | $288M | $282M | $133M | $194M | $514M | $267M | $249M | $219M | $234M | $230M | $317M | $293M | $339M | $283M | $379M | $446M | $432M | $278M | $345M | $363M | $272M | $334M | $336M | $509.9M | $242.3M | $505.1M | $189.7M | $515.9M | $423.6M | $541M | $184.6M | $153.3M | $158.8M |
| Total Current Assets | $3.2B | $3.19B | $3.27B | $2.01B | $2.17B | $2.32B | $2.08B | $1.86B | $2.15B | $2.29B | $2.63B | $2.78B | $3.08B | $2.24B | $1.75B | $2.47B | $2.25B | $2B | $1.68B | $2.4B | $2.65B | $1.97B | $1.43B | $1.3B | $1.05B | $849M | $1.37B | $913M | $1.1B | $1.46B | $1.34B | $1.34B | $1.56B | $1.4B | $1.47B | $1.75B | $1.71B | $1.85B | $1.9B | $1.73B |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $36.48B | $35.83B | $33.33B | $32.16B | $31.65B | $31.34B | $31.61B | $31.09B | $30.33B | $29.75B | $28.99B | $27.69B | $26.64B | $25.74B | $24.47B | $23.23B | $22.64B | $22.25B | $21.58B | $21.1B | $20.7B | $20.53B | $11.78B | $11.37B | $11.21B | $11.11B | $10.96B | $10.48B | $9.9B | $9.53B | $9.26B | $8.99B | $8.73B | $8.65B | $8.37B | $8.13B | $7.88B | $7.6B | $7.41B | $7.36B |
| 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 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | -$399M | -$388M | -$380M | -$366M | -$329M | -$421M | -$349M | -$316M | -$282M | $0 | $0 | $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 | $4.09B | $3.37B | $3.84B | $3.69B | $3.71B | $3.59B | $3.43B | $3.11B | $2.98B | $2.78B | $2.57B | $2.68B | $2.44B | $2.3B | $2.23B | $2.19B | $2.16B | $1.78B | $1.97B | $1.75B | $1.59B | $805M | $6.26B | $6.18B | $6.16B | $6.15B | $6.13B | $6.21B | $6.22B | $274.7M | $231.7M | $172.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 Long-Term Assets | $1.47B | $1.29B | $1.22B | $1.03B | $966M | $1.11B | $1.19B | $557M | -$5.71B | -$8.74B | $363M | $272M | $460M | $179M | $84M | $304M | $316M | $272M | $912M | $775M | $916M | $1.45B | $1.13B | $1.11B | $1B | $868M | $791M | $580M | $122M | $155.8M | $71.5M | $90.4M | $225.6M | $355.3M | $306.6M | $648.2M | $652.6M | $608.6M | $487.8M | $657.4M |
| Total Long-Term Assets | $42.04B | $40.49B | $38.38B | $36.88B | $36.33B | $35.64B | $35.84B | $34.38B | $33.56B | $32.6B | $31.63B | $30.46B | $29.41B | $28.1B | $26.79B | $25.73B | $25.12B | $24.3B | $24.47B | $23.63B | $23.21B | $22.78B | $19.17B | $18.66B | $18.37B | $18.13B | $17.88B | $17.27B | $16.25B | $9.96B | $9.56B | $9.25B | $8.96B | $9B | $8.68B | $8.78B | $8.53B | $8.2B | $7.9B | $8.02B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $45.24B | $43.68B | $41.65B | $38.88B | $38.49B | $37.96B | $37.92B | $36.24B | $35.71B | $34.89B | $34.26B | $33.24B | $32.48B | $30.34B | $28.54B | $28.2B | $27.37B | $26.3B | $26.14B | $26.03B | $25.86B | $24.75B | $20.6B | $19.96B | $19.42B | $18.98B | $19.25B | $18.18B | $17.35B | $11.42B | $10.9B | $10.59B | $10.52B | $10.4B | $10.15B | $10.52B | $10.24B | $10.06B | $9.8B | $9.75B |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $1.86B | $985M | $997M | $712M | $850M | $552M | $710M | $828M | $822M | $650M | $602M | $748M | $685M | $777M | $499M | $1.18B | $974M | $1.14B | $1.14B | $1.18B | $1.16B | $1.01B | $948M | $908M | $848M | $925M | $818M | $600M | $624M | $594M | $732.8M | $704.1M | $653.6M | $655.1M | $698.2M | $791.6M | $819.4M | $0 | $0 | $0 |
| Short-Term Debt | $607M | $555M | $4M | $703M | $553M | $579M | $316M | $585M | $700M | $650M | $700M | $102M | $545M | $250M | $150M | $458M | $474M | $484M | $369M | $491M | $314M | $662M | $360M | $358M | $605M | $297M | $503M | $141M | $88M | $100M | $130.9M | $116.9M | $263.2M | $231.2M | $408.7M | $266.7M | $97.5M | $105.1M | $123.5M | $106.1M |
| Current Income Tax Payable | $340M | $337M | $262M | $312M | $305M | $263M | $229M | $255M | $211M | $245M | $203M | $217M | $225M | $206M | $207M | $199M | $109M | $261M | $203M | $205M | $231M | $210M | $199M | $269M | $312M | $251M | $163M | $151M | $169M | $178.7M | $190.8M | $168.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned 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 |
| Other Current Liabilities | $965M | $1.03B | $760M | $396M | $365M | $375M | $429M | $460M | $438M | $436M | $423M | $429M | $445M | $463M | $470M | $244M | $232M | $220M | $237M | $216M | $213M | $317M | $294M | $318M | $248M | $414M | $440M | $225M | $212M | $201M | $342.1M | $142.3M | $281.1M | $296.2M | $233.9M | $313.5M | $289.9M | $1.09B | $1.09B | $947.7M |
| Total Current Liabilities | $3.77B | $3.54B | $2.63B | $2.65B | $2.52B | $2.16B | $2.3B | $2.59B | $2.54B | $2.34B | $2.23B | $1.78B | $2.31B | $2.08B | $1.7B | $2.08B | $1.79B | $2.1B | $1.95B | $2.09B | $1.92B | $2.2B | $1.8B | $1.85B | $2.39B | $1.89B | $1.92B | $1.12B | $1.09B | $1.19B | $1.21B | $1.13B | $1.2B | $1.18B | $1.34B | $1.37B | $1.21B | $1.19B | $1.21B | $1.05B |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $16.48B | $16.65B | $17.18B | $14.48B | $13.29B | $12.1B | $11.88B | $10.56B | $9.14B | $9.56B | $9.39B | $8.92B | $8.9B | $8.43B | $7.39B | $6.57B | $6.68B | $6.18B | $6B | $6.11B | $6.62B | $6.86B | $6.8B | $7.01B | $7.03B | $7.34B | $7.56B | $7.48B | $7.4B | $1.8B | $1.55B | $1.55B | $1.48B | $1.57B | $1.3B | $1.03B | $693.6M | $675.8M | $671.6M | $785.2M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $534M | $534M | $534M | $280M | $280M | $280M | $280M | $280M | $280M | $133M | $133M | $133M | $0 | $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 Deferred Tax Liabilities | $7.71B | $7.42B | $7.22B | $7.26B | $7.17B | $6.92B | $6.82B | $6.46B | $6.32B | $9.14B | $9.06B | $8.82B | $8.54B | $7.83B | $7.49B | $7.09B | $6.75B | $6.37B | $6.43B | $6.44B | $6.62B | $6.55B | $3.22B | $3.01B | $2.78B | $2.75B | $2.69B | $2.54B | $2.48B | $2.41B | $2.3B | $2.21B | $2.13B | $2.65B | $2.61B | $2.71B | $2.7B | $2.6B | $2.41B | $2.52B |
| Other Long-Term Liabilities | $1.72B | $1.57B | $1.55B | $909M | $1.01B | $1.11B | $1.02B | $986M | $1.07B | $1.16B | $1.1B | $1.03B | $1.31B | $2.1B | $1.92B | $1.79B | $1.8B | $2.03B | $2.04B | $1.77B | $1.42B | $1.15B | $1.8B | $1.54B | $1.09B | $1.13B | $1.1B | $1.06B | $885M | $927M | $965.5M | $961.9M | $1.04B | $710.3M | $750.8M | $432.8M | $403.2M | $433.4M | $521.7M | $321.8M |
| Total Long-Term Liabilities | $25.91B | $25.83B | $26.24B | $23.5B | $22.33B | $21.01B | $20.44B | $18.29B | $16.81B | $20.14B | $19.84B | $19.05B | $18.89B | $18.5B | $16.93B | $15.45B | $15.23B | $14.6B | $14.47B | $14.32B | $14.65B | $14.56B | $11.81B | $11.56B | $10.9B | $11.21B | $11.34B | $11.09B | $10.76B | $5.2B | $4.82B | $4.72B | $4.65B | $4.93B | $4.66B | $4.17B | $3.8B | $3.71B | $3.61B | $3.63B |
| Other 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 |
| Total Liabilities | $29.69B | $29.38B | $28.87B | $26.15B | $24.85B | $23.17B | $22.74B | $20.88B | $19.35B | $22.48B | $22.07B | $20.83B | $21.19B | $20.58B | $18.63B | $17.53B | $17.02B | $16.7B | $16.42B | $16.41B | $16.57B | $16.76B | $13.61B | $13.41B | $13.28B | $13.1B | $13.27B | $12.21B | $11.86B | $6.39B | $6.02B | $5.85B | $5.84B | $6.11B | $6B | $5.54B | $5.01B | $4.91B | $4.82B | $4.68B |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $226M | $228M | $227M | $230M | $242M | $254M | $259M | $269M | $285M | $292M | $299M | $310M | $310M | $315M | $332M | $358M | $370M | $368M | $380M | $418M | $431M | $421M | $412M | $410M | $407M | $405M | $404M | $401M | $399M | $132.4M | $136.3M | $140.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $13.23B | $12.09B | $10.7B | $10.7B | $11.59B | $12.88B | $13.21B | $13.44B | $14.18B | $10.43B | $10.19B | $10.35B | $9.34B | $8.64B | $8.69B | $9.22B | $9.03B | $8.5B | $8.28B | $8.28B | $7.98B | $6.89B | $6.11B | $5.69B | $5.33B | $5.05B | $5.19B | $5.25B | $4.83B | $4.4B | $4.28B | $4.15B | $4.08B | $3.7B | $3.56B | $4.35B | $4.57B | $4.54B | $4.35B | $4.44B |
| Comprehensive Income & Other | -$210M | -$262M | -$320M | -$351M | -$402M | -$594M | -$491M | -$563M | -$356M | -$487M | -$445M | -$398M | -$381M | -$1.11B | -$1.03B | -$805M | -$853M | -$952M | -$399M | -$369M | -$77M | -$24M | -$44M | -$65M | -$55M | -$6M | -$11M | -$8M | -$4.43B | -$4.4B | -$4.33B | -$4.22B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $2.09B | $1.99B | $1.86B | $1.81B | $1.81B | $1.65B | $1.72B | $1.65B | $1.9B | $1.69B | $1.7B | $1.75B | $1.64B | $802M | $886M | $1.09B | $956M | $728M | $1.07B | $914M | $878M | $676M | $452M | $396M | $348M | $366M | $341M | $268M | $220M | $441.5M | $410.3M | $389.8M | $542.2M | $534.8M | $530.4M | $560.7M | $602.1M | $613.7M | $632.9M | $631.2M |
| Total Equity | $15.55B | $14.31B | $12.78B | $12.73B | $13.64B | $14.79B | $15.18B | $15.36B | $16.36B | $12.41B | $12.19B | $12.41B | $11.29B | $9.76B | $9.91B | $10.67B | $10.35B | $9.6B | $9.73B | $9.62B | $9.29B | $7.99B | $6.98B | $6.5B | $6.09B | $5.82B | $5.93B | $5.92B | $5.45B | $4.98B | $4.83B | $4.68B | $4.62B | $4.23B | $4.09B | $4.91B | $5.17B | $5.15B | $4.98B | $5.07B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9M | $45M | $45M | $50M | $50M | $49M | $49M | $49.5M | $52.2M | $53.5M | $54.5M | $54.4M | $56.5M | $67.7M | $69.1M | $0 | $0 | $0 |
| Total Liabilities and Equity | $45.24B | $43.68B | $41.65B | $38.88B | $38.49B | $37.96B | $37.92B | $36.24B | $35.71B | $34.89B | $34.26B | $33.24B | $32.48B | $30.34B | $28.54B | $28.2B | $27.37B | $26.3B | $26.14B | $26.03B | $25.86B | $24.75B | $20.59B | $19.91B | $19.37B | $18.93B | $19.2B | $18.13B | $17.3B | $11.37B | $10.85B | $10.53B | $10.47B | $10.35B | $10.09B | $10.46B | $10.18B | $10.06B | $9.8B | $9.75B |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $17.09B | $17.48B | $17.57B | $15.59B | $14.25B | $13.11B | $12.73B | $11.14B | $9.84B | $10.21B | $10.09B | $9.03B | $9.45B | $8.68B | $7.54B | $7.03B | $7.15B | $6.67B | $6.37B | $6.6B | $6.93B | $7.53B | $7.16B | $7.36B | $7.63B | $7.64B | $8.06B | $7.62B | $7.49B | $1.9B | $1.68B | $1.66B | $1.74B | $1.8B | $1.71B | $1.3B | $791.1M | $780.9M | $795.1M | $891.3M |
| Net Debt | $15.56B | $15.84B | $16B | $15.14B | $13.41B | $12B | $12.15B | $10.79B | $9.15B | $9.26B | $8.99B | $8.05B | $8.01B | $8.03B | $7.26B | $6.2B | $6.16B | $6.05B | $6.16B | $6.07B | $6.64B | $6.95B | $6.88B | $7.18B | $7.43B | $7.64B | $8.02B | $7.62B | $7.45B | $1.69B | $1.62B | $1.61B | $1.66B | $1.69B | $1.55B | $907.4M | $574.8M | $143.3M | -$4.8M | $167.6M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | $2.87B | $2.62B | $1.83B | $3.27B | $3B | $2.01B | $2.72B | $2.67B | $5.4B | $1.67B | $1.56B | $2B | $1.91B | $1.75B | $1.92B | $1.5B | $1.03B | $1.72B | $1.46B | $1.48B | $1.28B | $923M | $525M | $460M | $362M | $172M | $239M | $525M | $699M | $770.4M | $712.7M | $667.8M | $548.7M | $557.7M | $29.7M | $556.1M | $606.2M |
| Depreciation & Amortization | $1.39B | $1.35B | $1.3B | $1.22B | $1.18B | $1.15B | $1.14B | $1.1B | $1.06B | $1.03B | $1.06B | $956M | $922M | $922M | $869M | $826M | $845M | $815M | $786M | $750M | $787M | $609M | $528M | $529M | $527M | $517M | $489M | $450M | $432M | $429.2M | $413.5M | $403.8M | -$405.5M | -$396.6M | -$381.3M | -$373M | -$347M |
| Deferred Income Tax | $277M | $176M | -$49M | $83M | $184M | $142M | $330M | $173M | -$2.86B | $227M | $320M | $294M | $262M | $366M | $527M | $312M | $338M | $290M | $125M | -$8M | $80M | $200M | $132M | $178M | $44M | $2M | $85M | $114M | $75M | $97.1M | $66.7M | $112.7M | $56.2M | $64.1M | -$124.1M | -$2.8M | $100.3M |
| Stock-Based Compensation | $0 | $0 | $0 | $53M | $0 | $28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||||||
| Accounts Receivable | $59M | $85M | -$2M | -$171M | -$133M | $71M | $87M | -$70M | -$41M | $23M | $109M | -$31M | $85M | -$64M | -$215M | -$41M | $63M | $269M | $30M | -$60M | -$94M | -$71M | -$12M | -$208M | -$74M | $446M | -$322M | $33M | -$23M | -$800K | $28.1M | -$12.9M | $18.1M | -$23.7M | $127.8M | $35.1M | $78.2M |
| Inventory | $6M | -$13M | -$11M | -$35M | $3M | $23M | -$37M | $15M | $35M | $42M | -$35M | -$13M | -$7M | -$7M | -$40M | -$5M | $30M | -$18M | -$25M | -$19M | -$28M | -$12M | $5M | -$7M | $1M | $9M | -$40M | -$1M | $3M | -$1.3M | $200K | $8.4M | $9.8M | -$10.5M | $10.5M | -$16.1M | $1.6M |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $82M | $0 | $0 | $0 | $21M | $27M | $75M | $108M | -$29M | $36M | $19M | $280M | $209M | -$89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $6M | $553M | $381M | $5M | $277M | $37M | -$189M | $177M | $64M | $240M | $40M | -$207M | $0 | $76M | $82M | $125M | -$293M | -$270M | -$17M | $114M | $167M | $165M | $122M | -$35M | -$122M | -$638M | $105M | $162M | $107M | -$15.1M | $117.3M | $23.4M | -$54.4M | $128.7M | -$198.3M | $73.2M | $22.3M |
| Total Working Capital Change | $71M | $625M | $368M | -$201M | $147M | $131M | -$139M | $122M | $58M | $305M | $114M | -$251M | $78M | $5M | -$53M | $79M | -$200M | -$19M | $9M | $62M | $45M | $82M | $86M | -$84M | -$176M | $832M | -$48M | -$50M | $43M | -$17.2M | $145.6M | $18.9M | -$26.5M | $94.5M | -$60M | $92.2M | $102.1M |
| Other Non-Cash Items | -$241M | -$724M | -$265M | -$204M | -$262M | $169M | -$160M | -$339M | -$409M | -$196M | -$78M | -$84M | -$94M | -$22M | -$32M | $1M | -$149M | -$87M | -$51M | -$79M | -$88M | -$153M | -$217M | $51M | -$103M | -$14M | -$24M | -$149M | -$99M | -$74.8M | -$101.1M | -$58.9M | $478.4M | $638.5M | $1.3B | $722.2M | $645.6M |
| Net Cash from Operating | $4.36B | $4.05B | $3.18B | $4.22B | $4.25B | $3.64B | $3.89B | $3.73B | $3.25B | $3.03B | $2.88B | $2.85B | $3.08B | $3.06B | $3.23B | $2.71B | $1.86B | $2.71B | $2.33B | $2.21B | $2.1B | $1.66B | $1.05B | $803M | $654M | $1.34B | $533M | $890M | $1.15B | $1.2B | $1.24B | $1.14B | $874.6M | $958.2M | $762.4M | $994.7M | $1.11B |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$2.2B | -$4.02B | -$2.35B | -$1.95B | -$1.47B | -$1.49B | -$2.02B | -$1.95B | -$1.72B | -$1.89B | -$2.38B | -$2.12B | -$1.97B | -$2.24B | -$2.16B | -$1.47B | -$1.3B | -$1.56B | -$1.34B | -$1.18B | -$1.02B | -$1.04B | -$720M | -$689M | -$746M | -$731M | -$912M | -$956M | -$875M | -$688.2M | -$658.9M | -$712.9M | -$669.2M | -$716.1M | -$659.4M | -$669.7M | -$651.6M |
| Acquisitions | $164M | $558M | $86M | $263M | $159M | $1M | $104M | $204M | $202M | $130M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.47B | $1.3B | $1.14B | $1.12B | $798M | $720M | $902M | $868M | $1.02B | $1.04B | $949M | $131.1M | $129.5M | $86.1M | $0 | $0 | $67.2M | $114M | $0 |
| Purchases of Investments | -$621M | -$319M | -$124M | -$12M | -$10M | -$14M | -$122M | -$10M | -$7M | -$123M | -$5M | -$104M | -$130M | -$23M | -$135M | -$504M | -$266M | -$86M | -$635M | -$1.8B | -$1.82B | -$228M | -$106M | -$78M | -$99M | -$77M | -$123M | -$116M | -$185M | -$82M | -$75.4M | -$133.1M | $0 | $0 | -$93.6M | -$102.5M | $0 |
| Sales of Investments | $99M | $1B | $205M | $94M | $99M | -$1M | -$104M | $99M | $47M | $48M | $240M | $106M | $63M | $78M | $439M | $421M | $30M | $307M | $827M | $2.18B | $910M | $61M | $108M | $63M | $88M | $90M | $343M | $155M | $217M | $185.4M | $104M | $330.7M | $88.6M | $40.2M | $212.4M | $91.9M | $46.1M |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $333M | $377M | $0 | $0 | $0 | $63M | $114M | $144M | $192M | $84M | $97M | $84M | $109M | -$1.34B | -$1.18B | -$1.02B | -$1.04B | -$720M | -$689M | -$746M | -$731M | -$915M | -$789M | -$6.62B | -$82M | -$67.1M | -$58.7M | $110.5M | $800K | -$71.4M | $129.7M | $60M |
| Net Cash from Investing | -$2.56B | -$2.78B | -$2.18B | -$1.6B | -$1.22B | -$1.18B | -$1.76B | -$1.66B | -$1.48B | -$1.83B | -$2.09B | -$2B | -$1.89B | -$1.99B | -$1.77B | -$1.46B | -$1.45B | -$1.23B | -$1.02B | -$684M | -$1.83B | -$1.13B | -$640M | -$673M | -$601M | -$581M | -$591M | -$667M | -$6.51B | -$535.7M | -$567.9M | -$487.9M | -$470.1M | -$675.1M | -$544.8M | -$436.6M | -$545.5M |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | $163M | $4M | -$1.96B | -$1.28B | -$1.09B | -$403M | -$1B | -$1.27B | $412M | -$94M | -$1.08B | $445M | -$739M | -$1.13B | -$501M | $139M | -$403M | -$280M | $239M | $339M | $456M | $253M | $167M | $91M | -$230M | $494M | -$380M | -$17M | -$4B | -$116M | $66M | $82.2M | $53.7M | -$87.5M | -$411.8M | -$428.9M | -$10.7M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $17M | $69M | $27M | $40M | $89M | $57M | $12M | $130M | $131M | $89M | $120M | $89M | $66M | $229M | $183M | $297M | $194M | $162M | $13M | $42M | $14M | $2M | $14M | $34M | $24M | $418M | $19M | $9.8M | $15.7M | $15.2M | $12.9M | $11M | $22.5M |
| Common Stock Repurchases | -$534M | $26M | -$619M | -$3.11B | -$3.39B | -$1.44B | -$2.1B | -$2.78B | -$1.01B | -$803M | -$1.07B | -$318M | -$627M | -$1.29B | -$2.05B | -$863M | $0 | -$1.13B | -$1.2B | -$964M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$389M | -$338M | -$344.8M | -$138.1M | -$177.2M | -$635.3M | -$576.3M | -$363.4M |
| Dividends Paid | -$1.22B | -$1.22B | -$1.23B | -$1.17B | -$1.03B | -$960M | -$949M | -$844M | -$703M | -$695M | -$713M | -$687M | -$637M | -$624M | -$576M | -$514M | -$500M | -$456M | -$377M | -$278M | -$194M | -$142M | -$117M | -$101M | -$93M | -$306M | -$304M | -$303M | -$301M | -$283.7M | -$273.5M | -$262.7M | -$259.7M | -$255M | -$238.5M | -$248.2M | -$241.9M |
| Other Financing Activities | $2M | $0 | $3M | $0 | $0 | $0 | $23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$43M | $0 | $0 | $0 | $0 | $0 | $1.47B | -$388.8M | -$500K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$1.91B | -$1.2B | $115M | -$3B | -$3.31B | -$1.93B | -$1.99B | -$2.31B | -$2.04B | -$1.35B | -$662M | -$1.32B | -$394M | -$694M | -$2.01B | -$1.43B | -$31M | -$1.07B | -$1.63B | -$1.28B | -$456M | -$233M | -$314M | -$150M | $151M | -$798M | $90M | -$252M | $5.19B | -$527.5M | -$658.8M | -$679.9M | -$435.8M | -$329.5M | -$449.1M | -$384.6M | -$572.1M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$53M | -$761M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$558.1M | -$561.7M |
| Net Change in Cash | -$111M | $73M | $1.11B | -$383M | -$276M | $535M | $134M | -$244M | -$266M | -$145M | $128M | -$470M | $790M | $377M | -$551M | -$169M | $378M | $412M | -$321M | $238M | -$178M | $295M | $100M | -$20M | $151M | -$798M | $32M | -$29M | -$173M | $141.5M | $10.7M | -$23.5M | -$31.3M | -$46.4M | -$231.5M | -$384.6M | -$572.1M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $4.36B | $4.05B | $3.18B | $4.22B | $4.25B | $3.64B | $3.89B | $3.73B | $3.25B | $3.03B | $2.88B | $2.85B | $3.08B | $3.06B | $3.23B | $2.71B | $1.86B | $2.71B | $2.33B | $2.21B | $2.1B | $1.66B | $1.05B | $803M | $654M | $1.34B | $533M | $890M | $1.15B | $1.2B | $1.24B | $1.14B | $874.6M | $958.2M | $762.4M | $994.7M | $1.11B |
| Capital Expenditure | -$2.2B | -$2.38B | -$2.35B | -$1.95B | -$1.47B | -$1.49B | -$2.02B | -$1.95B | -$1.72B | -$1.89B | -$2.38B | -$2.12B | -$1.97B | -$2.24B | -$2.16B | -$1.47B | -$1.3B | -$1.56B | -$1.34B | -$1.18B | -$1.02B | -$1.04B | -$720M | -$689M | -$746M | -$731M | -$912M | -$956M | -$875M | -$688.2M | -$658.9M | -$712.9M | -$669.2M | -$716.1M | -$659.4M | -$669.7M | -$651.6M |
| Free Cash Flow | $2.16B | $1.67B | $830M | $2.27B | $2.79B | $2.14B | $1.87B | $1.77B | $1.53B | $1.15B | $492M | $734M | $1.11B | $824M | $1.07B | $1.24B | $561M | $1.16B | $992M | $1.03B | $1.08B | $620M | $334M | $114M | -$92M | $611M | -$379M | -$66M | $275M | $516.5M | $578.5M | $431.4M | $205.4M | $242.1M | $103M | $325M | $455.6M |
| Cash at Beginning | $1.64B | $1.57B | $456M | $839M | $1.11B | $580M | $446M | $690M | $956M | $1.1B | $973M | $1.44B | $653M | $276M | $827M | $996M | $618M | $206M | $527M | $289M | $467M | $284M | $184M | $204M | $53M | $37M | $5M | $34M | $207M | $67.7M | $57M | $80.5M | $111.8M | $158.2M | $389.7M | $216.2M | $226.7M |
| Cash at End | $1.53B | $1.64B | $1.57B | $456M | $839M | $1.11B | $580M | $446M | $690M | $956M | $1.1B | $973M | $1.44B | $653M | $276M | $827M | $996M | $618M | $206M | $527M | $289M | $579M | $284M | $184M | $204M | -$761M | $37M | $5M | $34M | $209.2M | $67.7M | $57M | $80.5M | $111.8M | $158.2M | -$168.4M | -$345.4M |