Crown Holdings, Inc. (0I4X.L)

Industry: Packaging & Containers Sector: Consumer Cyclical Currency Used: US Live Price: $105.14

Enterprise Value

Metric	MRQ	MRQ-1	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Stock Price	96.59	102.98	96.28	82.78	87.54	95.13	102.66	75.06	64.08	46.15	57.15	52.48	50.85	47.48	42.44	36.27	35.40	28.51	24.91	23.14	24.57	18.21	16.32	10.84	7.14	7.03	3.11	12.28	25.92	39.64	50.33	48.82	43.72
Market Capitalization	11,131.35M	11,948.32M	11,173.46M	9,873.77M	10,479.87M	11,576.87M	13,370.57M	10,020.84M	8,631.29M	6,177.18M	7,749.04M	7,309.48M	7,070.47M	6,644.41M	6,017.75M	5,297.07M	5,358.72M	4,521.59M	3,964.07M	3,687.69M	3,964.37M	3,004.50M	2,711.22M	1,789.80M	1,175.65M	999.54M	390.63M	1,543.30M	3,164.48M	4,974.63M	6,445.54M	5,946.97M	3,922.25M
(-) Cash & Equivalents	1,172.00M	1,038.00M	1,029.67M	1,394.50M	861.75M	519.25M	1,061.50M	792.25M	445.00M	874.50M	359.75M	428.00M	437.75M	464.00M	364.00M	267.50M	412.75M	422.25M	474.75M	380.25M	346.75M	324.25M	293.50M	315.00M	307.25M	307.00M	350.25M	281.75M	241.30M	240.20M	201.90M	165.75M	59.88M
(+) Total Debt	6,489.00M	6,703.00M	6,612.33M	7,363.00M	7,503.25M	7,063.25M	7,778.00M	8,566.75M	8,726.25M	8,746.00M	5,308.50M	5,265.25M	5,801.00M	5,075.50M	4,081.25M	3,842.00M	3,659.50M	3,107.50M	3,289.00M	3,622.00M	3,652.50M	3,648.00M	3,709.50M	3,944.25M	4,267.25M	4,663.50M	5,552.50M	5,258.75M	5,693.35M	5,904.20M	5,283.10M	5,255.28M	2,161.55M
Enterprise Value	16,448.35M	17,613.32M	16,756.13M	15,842.27M	17,121.37M	18,120.87M	20,087.07M	17,795.34M	16,912.54M	14,048.68M	12,697.79M	12,146.73M	12,433.72M	11,255.91M	9,735.00M	8,871.57M	8,605.47M	7,206.84M	6,778.32M	6,929.44M	7,270.12M	6,328.25M	6,127.22M	5,419.05M	5,135.65M	5,356.04M	5,592.88M	6,520.30M	8,616.53M	10,638.63M	11,526.74M	11,036.49M	6,023.92M

Income Statement

Metric	TTM	TTM-1	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
Revenue	12,141M	11,756M	11,801M	12,010M	12,943M	11,394M	9,392M	9,559M	11,151M	8,698M	8,284M	8,762M	9,097M	8,656M	8,470M	8,644M	7,941M	7,938M	8,305M	7,727M	6,982M	6,908M	7,199M	6,630M	6,792M	7,187M	7,289M	7,732M	8,300M	8,495M	8,332M	5,054M	4,452M	4,163M	3,781M	3,807M	3,072M	1,910M
Cost of Revenue	9,545M	9,254M	9,262M	9,546M	10,643M	9,029M	7,359M	7,575M	9,028M	7,006M	6,623M	7,116M	7,525M	7,180M	7,013M	7,296M	6,691M	6,551M	6,867M	6,700M	6,090M	5,759M	5,984M	5,539M	5,619M	6,063M	5,982M	6,060M	6,527M	6,708M	6,733M	4,311M	3,814M	3,474M	3,197M	3,298M	2,654M	1,651M
Gross Profit	2,596M	2,502M	2,539M	2,464M	2,300M	2,365M	2,033M	1,984M	2,123M	1,692M	1,661M	1,646M	1,572M	1,476M	1,457M	1,348M	1,250M	1,387M	1,438M	1,027M	892M	1,149M	1,215M	1,091M	1,173M	1,124M	1,307M	1,672M	1,773M	1,787M	1,599M	743M	638M	689M	583M	509M	418M	259M
Gross Profit Margin	21.4%	21.3%	21.5%	20.5%	17.8%	20.8%	21.6%	20.8%	19.0%	19.5%	20.1%	18.8%	17.3%	17.1%	17.2%	15.6%	15.7%	17.5%	17.3%	13.3%	12.8%	16.6%	16.9%	16.5%	17.3%	15.6%	17.9%	21.6%	21.4%	21.0%	19.2%	14.7%	14.3%	16.5%	15.4%	13.4%	13.6%	13.5%
R&D Expenses	32M	33M	32M	33M	34M	47M	48M	50M	51M	39M	41M	39M	39M	36M	43M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	622M	632M	630M	625M	540M	2,098M	576M	566M	533M	314M	342M	390M	398M	425M	339M	423M	360M	381M	396M	414M	326M	349M	363M	337M	317M	310M	314M	348M	697M	480M	427M	242M	135M	127M	112M	105M	86M	53M
Operating Expenses	1,036M	1,175M	1,120M	1,195M	964M	1,002M	985M	957M	1,027M	668M	664M	719M	757M	625M	591M	423M	372M	630M	468M	414M	326M	598M	671M	663M	692M	809M	809M	870M	1,230M	1,020M	923M	498M	354M	318M	255M	234M	188M	115M
Operating Income (EBIT)	1,560M	1,327M	1,419M	1,269M	1,336M	1,363M	1,048M	1,027M	1,096M	1,024M	997M	927M	815M	851M	866M	925M	878M	757M	970M	613M	566M	551M	544M	428M	481M	315M	498M	802M	543M	767M	677M	245M	284M	370M	329M	275M	230M	144M
Operating Income Margin	12.8%	11.3%	12.0%	10.6%	10.3%	12.0%	11.2%	10.7%	9.8%	11.8%	12.0%	10.6%	9.0%	9.8%	10.2%	10.7%	11.1%	9.5%	11.7%	7.9%	8.1%	8.0%	7.6%	6.5%	7.1%	4.4%	6.8%	10.4%	6.5%	9.0%	8.1%	4.8%	6.4%	8.9%	8.7%	7.2%	7.5%	7.5%
Interest Income	62M	79M	82M	53M	15M	9M	8M	15M	21M	15M	12M	11M	7M	5M	7M	11M	9M	6M	11M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Interest Expense	411M	457M	452M	436M	284M	253M	290M	367M	384M	252M	243M	270M	253M	236M	226M	232M	203M	247M	302M	593M	276M	1,428M	441M	306M	1,951M	1,081M	1,072M	667M	319M	295M	198M	131M	101M	175M	67M	54M	43M	0M
Net Interest Income	-349M	-378M	-370M	-383M	-269M	-244M	-282M	-352M	-363M	-237M	-231M	-259M	-246M	-231M	-219M	-221M	-194M	-241M	-291M	-593M	-276M	-1,428M	-441M	-306M	-1,951M	-1,081M	-1,072M	-667M	-319M	-295M	-198M	-131M	-101M	-175M	-67M	-54M	-43M	0M
Unusual Items	199M	-589M	-306M	-77M	31M	-1,535M	-35M	-39M	11M	42M	3M	-29M	-48M	-44M	0M	-117M	-70M	-57M	-237M	181M	45M	563M	30M	-59M	1,309M	318M	342M	151M	-45M	-23M	-60M	-14M	3M	83M	-5M	-10M	-8M	4M
EBT Excluding Unusual Items	1,211M	949M	1,049M	886M	1,067M	1,119M	766M	675M	733M	787M	766M	668M	569M	620M	647M	704M	684M	516M	679M	20M	290M	-877M	103M	122M	-1,470M	-766M	-574M	135M	224M	472M	479M	113M	184M	196M	261M	222M	187M	144M
Pre-Tax Income	1,410M	360M	743M	809M	1,098M	-416M	731M	636M	744M	829M	769M	639M	521M	576M	647M	587M	614M	459M	442M	201M	335M	-314M	133M	63M	-161M	-448M	-232M	286M	179M	449M	418M	100M	187M	278M	256M	212M	178M	148M
Pre-Tax Margin	11.6%	3.1%	6.3%	6.7%	8.5%	-3.7%	7.8%	6.7%	6.7%	9.5%	9.3%	7.3%	5.7%	6.7%	7.6%	6.8%	7.7%	5.8%	5.3%	2.6%	4.8%	-4.5%	1.8%	1.0%	-2.4%	-6.2%	-3.2%	3.7%	2.2%	5.3%	5.0%	2.0%	4.2%	6.7%	6.8%	5.6%	5.8%	7.8%
Income Tax Expense	336M	114M	183M	222M	243M	-57M	199M	136M	216M	401M	186M	178M	43M	148M	17M	194M	165M	7M	112M	-400M	-62M	-2M	82M	95M	30M	528M	-58M	105M	74M	148M	134M	25M	56M	97M	101M	84M	71M	54M
Net Income	946M	98M	424M	450M	727M	-560M	579M	510M	439M	323M	496M	393M	390M	324M	559M	282M	324M	334M	226M	528M	309M	-362M	51M	-32M	-1,205M	-972M	-174M	181M	105M	294M	284M	75M	131M	99M	155M	128M	107M	94M
Net Income Margin	7.8%	0.8%	3.6%	3.7%	5.6%	-4.9%	6.2%	5.3%	3.9%	3.7%	6.0%	4.5%	4.3%	3.7%	6.6%	3.3%	4.1%	4.2%	2.7%	6.8%	4.4%	-5.2%	0.7%	-0.5%	-17.7%	-13.5%	-2.4%	2.3%	1.3%	3.5%	3.4%	1.5%	2.9%	2.4%	4.1%	3.4%	3.5%	4.9%
Depreciation & Amortization	444M	471M	448M	499M	460M	447M	422M	490M	425M	247M	247M	237M	190M	134M	180M	176M	172M	194M	216M	229M	230M	282M	308M	326M	375M	499M	495M	522M	533M	540M	496M	256M	218M	192M	142M	128M	102M	62M
EBITDA	2,004M	1,798M	1,867M	1,768M	1,796M	1,810M	1,470M	1,517M	1,521M	1,271M	1,244M	1,164M	1,005M	985M	1,046M	1,101M	1,050M	951M	1,186M	842M	796M	833M	852M	754M	856M	814M	993M	1,324M	1,076M	1,307M	1,172M	501M	503M	562M	471M	404M	332M	206M
EBITDA Margin	16.5%	15.3%	15.8%	14.7%	13.9%	15.9%	15.7%	15.9%	13.6%	14.6%	15.0%	13.3%	11.0%	11.4%	12.3%	12.7%	13.2%	12.0%	14.3%	10.9%	11.4%	12.1%	11.8%	11.4%	12.6%	11.3%	13.6%	17.1%	13.0%	15.4%	14.1%	9.9%	11.3%	13.5%	12.5%	10.6%	10.8%	10.8%
NOPAT	1,188M	907M	1,070M	921M	1,040M	1,077M	763M	807M	778M	529M	756M	669M	748M	632M	843M	619M	642M	745M	724M	1,833M	671M	435M	209M	-217M	380M	249M	393M	508M	319M	515M	459M	183M	200M	241M	199M	166M	138M	91M
NOPAT Margin	9.8%	7.7%	9.1%	7.7%	8.0%	9.5%	8.1%	8.4%	7.0%	6.1%	9.1%	7.6%	8.2%	7.3%	10.0%	7.2%	8.1%	9.4%	8.7%	23.7%	9.6%	6.3%	2.9%	-3.3%	5.6%	3.5%	5.4%	6.6%	3.8%	6.1%	5.5%	3.6%	4.5%	5.8%	5.3%	4.4%	4.5%	4.8%
Owner's Earnings	1,060M	136M	469M	156M	348M	-929M	414M	568M	402M	72M	270M	276M	252M	183M	415M	57M	176M	348M	268M	601M	348M	-272M	221M	159M	-945M	-641M	59M	374M	120M	319M	149M	-102M	-91M	20M	147M	164M	81M	67M
Owner's Earnings Margin	8.7%	1.2%	4.0%	1.3%	2.7%	-8.2%	4.4%	5.9%	3.6%	0.8%	3.3%	3.1%	2.8%	2.1%	4.9%	0.7%	2.2%	4.4%	3.2%	7.8%	5.0%	-3.9%	3.1%	2.4%	-13.9%	-8.9%	0.8%	4.8%	1.4%	3.8%	1.8%	-2.0%	-2.0%	0.5%	3.9%	4.3%	2.6%	3.5%
EPS (Basic)	8.11	0.81	3.56	3.77	6.02	-3.52	3.18	2.89	3.28	2.39	3.58	2.85	2.84	2.32	3.83	1.86	2.03	2.10	1.42	3.27	1.87	-2.13	0.22	-0.19	-8.70	-7.74	-1.38	1.36	0.71	2.11	2.16	0.83	1.47	1.14	1.79	1.48	1.24	1.19
EPS (Diluted)	8.10	0.82	3.55	3.76	5.99	-4.30	4.30	3.78	3.28	2.38	3.56	2.82	2.82	2.30	3.77	1.83	2.00	2.06	1.39	3.19	1.82	-2.13	0.30	-0.19	-8.62	-7.74	-1.38	1.48	0.85	2.28	2.30	0.83	1.46	1.11	1.79	1.48	1.24	1.19
Shares (Basic)	117M	120M	119M	120M	121M	144M	134M	134M	134M	136M	139M	139M	138M	141M	148M	152M	159M	159M	160M	161M	165M	170M	165M	165M	139M	126M	126M	122M	124M	128M	122M	90M	89M	87M	87M	87M	86M	79M
Shares (Diluted)	117M	120M	119M	120M	121M	130M	135M	135M	134M	136M	139M	139M	139M	141M	148M	154M	162M	162M	163M	166M	170M	170M	168M	166M	140M	126M	126M	122M	124M	129M	123M	90M	90M	89M	87M	87M	86M	79M

Balance Sheet

Metric	MRQ	MRQ-1	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
Cash & Cash Equivalents	1,172.00M	1,038.00M	1,016.00M	1,400.00M	639.00M	592.00M	1,237.00M	657.00M	652.00M	426.00M	559.00M	717.00M	965.00M	689.00M	350.00M	342.00M	463.00M	459.00M	596.00M	457.00M	407.00M	294.00M	481.00M	401.00M	363.00M	456.00M	382.00M	267.00M	284.00M	205.60M	160.40M	68.10M	43.50M	54.20M	26.90M	20.20M	21.80M	14.40M
Short-Term Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	1,172.00M	1,038.00M	1,016.00M	1,400.00M	639.00M	592.00M	1,237.00M	657.00M	652.00M	426.00M	559.00M	717.00M	965.00M	689.00M	350.00M	342.00M	463.00M	459.00M	596.00M	457.00M	407.00M	294.00M	481.00M	401.00M	363.00M	456.00M	382.00M	267.00M	284.00M	205.60M	160.40M	68.10M	43.50M	54.20M	26.90M	20.20M	21.80M	14.40M
Net Receivables	1,738.00M	1,877.00M	1,665.00M	1,727.00M	1,861.00M	1,912.00M	1,542.00M	1,558.00M	1,618.00M	1,067.00M	865.00M	912.00M	1,031.00M	1,064.00M	1,057.00M	948.00M	936.00M	728.00M	734.00M	673.00M	689.00M	686.00M	900.00M	794.00M	782.00M	996.00M	1,153.00M	1,166.00M	1,359.00M	1,353.50M	1,349.30M	744.30M	738.00M	532.90M	583.80M	617.60M	478.40M	313.10M
Inventory	1,651.00M	1,629.00M	1,440.00M	1,613.00M	2,014.00M	1,735.00M	1,263.00M	1,626.00M	1,690.00M	1,385.00M	1,245.00M	1,213.00M	1,324.00M	1,213.00M	1,166.00M	1,148.00M	1,060.00M	960.00M	979.00M	1,030.00M	906.00M	810.00M	894.00M	815.00M	779.00M	862.00M	1,288.00M	1,312.00M	1,421.00M	1,387.50M	1,423.80M	811.90M	767.50M	699.70M	659.90M	489.00M	466.30M	301.90M
Other Current Assets	220.00M	108.00M	90.00M	93.00M	145.00M	256.00M	861.00M	161.00M	119.00M	196.00M	172.00M	207.00M	304.00M	214.00M	177.00M	165.00M	190.00M	95.00M	29.00M	18.00M	60.00M	12.00M	15.00M	0.00M	0.00M	108.00M	90.00M	96.00M	104.00M	200.60M	358.40M	84.60M	56.60M	37.70M	31.30M	22.10M	16.30M	26.10M
Total Current Assets	4,781.00M	4,652.00M	4,211.00M	4,833.00M	4,659.00M	4,495.00M	4,903.00M	4,002.00M	4,079.00M	3,074.00M	2,841.00M	3,049.00M	3,624.00M	3,180.00M	2,750.00M	2,603.00M	2,649.00M	2,242.00M	2,338.00M	2,178.00M	2,062.00M	1,802.00M	2,290.00M	2,010.00M	1,924.00M	2,422.00M	2,913.00M	2,841.00M	3,168.00M	3,147.20M	3,291.90M	1,708.90M	1,605.60M	1,324.50M	1,301.90M	1,148.90M	982.80M	655.50M
Property, Plant & Equipment	5,230.00M	5,240.00M	5,128.00M	5,273.00M	4,761.00M	4,227.00M	3,823.00M	4,091.00M	3,745.00M	3,239.00M	2,820.00M	2,699.00M	2,437.00M	2,152.00M	1,995.00M	1,751.00M	1,610.00M	1,509.00M	1,473.00M	1,604.00M	1,608.00M	1,607.00M	2,002.00M	2,112.00M	2,212.00M	2,618.00M	2,969.00M	3,255.00M	3,743.00M	3,663.90M	3,717.30M	2,005.90M	1,816.50M	1,593.50M	1,373.30M	1,229.30M	1,184.60M	763.70M
Goodwill	3,139.00M	3,138.00M	2,954.00M	3,117.00M	2,951.00M	3,007.00M	3,146.00M	4,430.00M	4,442.00M	3,046.00M	2,791.00M	3,003.00M	2,671.00M	2,016.00M	1,998.00M	1,952.00M	1,984.00M	2,050.00M	1,956.00M	2,199.00M	2,185.00M	2,013.00M	2,592.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	994.00M	1,031.00M	1,044.00M	1,258.00M	1,358.00M	1,525.00M	1,755.00M	2,015.00M	2,193.00M	472.00M	472.00M	577.00M	255.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	17.00M	0.00M	2,442.00M	2,269.00M	3,625.00M	3,920.00M	4,228.00M	4,565.00M	4,625.20M	4,809.90M	1,095.70M	1,122.40M	1,119.10M	994.10M	501.60M	362.50M	186.80M
Long-Term Investments	2.00M	2.00M	160.00M	200.00M	249.00M	213.00M	36.00M	80.00M	46.00M	22.00M	4.00M	5.00M	5.00M	20.00M	31.00M	25.00M	39.00M	41.00M	22.00M	37.00M	79.00M	46.00M	102.00M	83.00M	111.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Assets	0.00M	0.00M	134.00M	132.00M	113.00M	150.00M	235.00M	278.00M	272.00M	399.00M	593.00M	626.00M	565.00M	488.00M	577.00M	452.00M	530.00M	601.00M	550.00M	419.00M	30.00M	59.00M	30.00M	-83.00M	-111.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	407.00M	415.00M	217.00M	221.00M	210.00M	241.00M	2,793.00M	609.00M	485.00M	411.00M	78.00M	91.00M	151.00M	174.00M	139.00M	85.00M	87.00M	89.00M	-234.00M	486.00M	394.00M	958.00M	1,056.00M	1,097.00M	1,000.00M	955.00M	1,357.00M	1,221.00M	993.00M	869.40M	771.10M	241.20M	236.80M	179.80M	155.80M	102.70M	66.60M	49.10M
Other Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-3,264.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	9,772.00M	9,826.00M	9,637.00M	10,201.00M	9,642.00M	9,363.00M	11,788.00M	11,503.00M	11,183.00M	7,589.00M	3,494.00M	7,001.00M	6,084.00M	4,850.00M	4,740.00M	4,265.00M	4,250.00M	4,290.00M	3,767.00M	4,745.00M	4,296.00M	4,700.00M	5,782.00M	5,651.00M	5,481.00M	7,198.00M	8,246.00M	8,704.00M	9,301.00M	9,158.50M	9,298.30M	3,342.80M	3,175.70M	2,892.40M	2,523.20M	1,833.60M	1,613.70M	999.60M
Total Assets	14,553.00M	14,478.00M	13,848.00M	15,034.00M	14,301.00M	13,858.00M	16,691.00M	15,505.00M	15,262.00M	10,663.00M	6,335.00M	10,050.00M	9,708.00M	8,030.00M	7,490.00M	6,868.00M	6,899.00M	6,532.00M	6,105.00M	6,923.00M	6,358.00M	6,502.00M	8,072.00M	7,661.00M	7,405.00M	9,620.00M	11,159.00M	11,545.00M	12,469.00M	12,305.70M	12,590.20M	5,051.70M	4,781.30M	4,216.90M	3,825.10M	2,982.50M	2,596.50M	1,655.10M
Accounts Payable	2,568.00M	2,516.00M	2,425.00M	2,459.00M	2,773.00M	2,901.00M	2,141.00M	2,646.00M	2,732.00M	2,367.00M	1,951.00M	1,838.00M	1,881.00M	1,768.00M	1,469.00M	1,393.00M	1,300.00M	1,163.00M	1,266.00M	1,328.00M	1,224.00M	1,075.00M	1,186.00M	955.00M	820.00M	836.00M	1,903.00M	1,127.00M	1,315.00M	2,236.70M	2,460.90M	668.20M	737.10M	795.30M	738.40M	535.90M	595.30M	405.50M
Short-Term Debt	662.00M	921.00M	194.00M	821.00M	231.00M	254.00M	216.00M	190.00M	175.00M	126.00M	194.00M	263.00M	252.00M	373.00M	376.00M	195.00M	399.00M	59.00M	90.00M	83.00M	121.00M	211.00M	76.00M	230.00M	666.00M	845.00M	300.00M	1,531.00M	2,466.00M	1,784.70M	1,154.30M	608.10M	735.80M	474.80M	379.40M	184.40M	128.40M	157.60M
Tax Payables	0.00M	0.00M	192.00M	119.00M	189.00M	205.00M	251.00M	206.00M	171.00M	143.00M	141.00M	149.00M	132.00M	137.00M	129.00M	13.00M	30.00M	25.00M	18.00M	0.00M	0.00M	58.00M	0.00M	62.00M	63.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	5.00M	3.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	123.00M	144.00M	757.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	909.00M	936.00M	528.00M	604.00M	683.00M	683.00M	1,641.00M	786.00M	746.00M	572.00M	555.00M	577.00M	589.00M	566.00M	481.00M	510.00M	439.00M	472.00M	494.00M	410.00M	385.00M	336.00M	391.00M	750.00M	695.00M	68.00M	58.00M	756.00M	929.00M	27.90M	47.30M	2.70M	10.10M	10.60M	17.60M	41.10M	12.60M	31.40M
Total Current Liabilities	4,139.00M	4,373.00M	3,339.00M	4,003.00M	3,876.00M	4,043.00M	4,249.00M	3,833.00M	3,827.00M	3,208.00M	2,841.00M	2,827.00M	2,854.00M	2,844.00M	2,455.00M	2,111.00M	2,168.00M	1,719.00M	1,868.00M	1,821.00M	1,730.00M	1,680.00M	1,653.00M	2,120.00M	2,388.00M	2,506.00M	2,261.00M	3,414.00M	4,710.00M	4,049.30M	3,662.50M	1,279.00M	1,483.00M	1,280.70M	1,135.40M	761.40M	736.30M	594.50M
Long-Term Debt	5,775.00M	5,618.00M	6,058.00M	6,699.00M	6,792.00M	6,052.00M	8,023.00M	7,818.00M	8,517.00M	5,217.00M	4,717.00M	5,255.00M	5,007.00M	3,469.00M	3,289.00M	3,337.00M	2,649.00M	2,739.00M	3,247.00M	3,354.00M	3,420.00M	3,192.00M	3,794.00M	3,709.00M	3,388.00M	4,475.00M	5,049.00M	3,573.00M	3,188.00M	3,301.40M	3,923.50M	1,490.10M	1,089.50M	891.50M	939.90M	585.00M	484.30M	118.10M
Capital Lease Obligations	0.00M	213.00M	214.00M	225.00M	233.00M	200.00M	229.00M	218.00M	29.00M	29.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	0.00M	338.00M	338.00M	374.00M	336.00M	350.00M	405.00M	399.00M	202.00M	203.00M	223.00M	96.00M	31.00M	23.00M	27.00M	39.00M	30.00M	98.00M	81.00M	106.00M	298.00M	342.00M	317.00M	370.00M	352.00M	354.00M	381.00M	0.00M	304.40M	304.00M	0.00M	0.00M	19.60M	196.40M	179.40M	125.30M	131.00M
Other Non-Current Liabilities	976.00M	951.00M	589.00M	752.00M	727.00M	849.00M	1,290.00M	1,124.00M	1,147.00M	1,071.00M	1,115.00M	1,279.00M	1,292.00M	1,321.00M	1,537.00M	1,458.00M	1,605.00M	854.00M	771.00M	1,123.00M	1,142.00M	1,102.00M	1,429.00M	1,374.00M	1,368.00M	1,282.00M	1,191.00M	991.00M	1,316.00M	838.60M	893.10M	702.80M	768.20M	719.60M	364.20M	358.10M	298.60M	0.00M
Total Non-Current Liabilities	6,751.00M	6,782.00M	7,199.00M	8,014.00M	8,126.00M	7,437.00M	9,892.00M	9,565.00M	10,092.00M	6,519.00M	6,035.00M	6,757.00M	6,395.00M	4,821.00M	4,849.00M	4,822.00M	4,293.00M	3,623.00M	4,116.00M	4,558.00M	4,668.00M	4,592.00M	5,565.00M	5,400.00M	5,126.00M	6,109.00M	6,594.00M	4,945.00M	4,504.00M	4,444.40M	5,120.60M	2,192.90M	1,857.70M	1,630.70M	1,500.50M	1,122.50M	908.20M	249.10M
Total Liabilities	10,890.00M	11,155.00M	10,538.00M	12,017.00M	12,002.00M	11,480.00M	14,141.00M	13,398.00M	13,919.00M	9,727.00M	8,876.00M	9,584.00M	9,249.00M	7,665.00M	7,304.00M	6,933.00M	6,461.00M	5,342.00M	5,984.00M	6,379.00M	6,398.00M	6,272.00M	7,218.00M	7,520.00M	7,514.00M	8,615.00M	8,855.00M	8,359.00M	9,214.00M	8,493.70M	8,783.10M	3,471.90M	3,340.70M	2,911.40M	2,635.90M	1,883.90M	1,644.50M	843.60M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	349.00M	351.00M	520.80M	520.80M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	579.00M	584.00M	594.00M	604.00M	600.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	929.00M	902.00M	780.00M	780.00M	779.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Retained Earnings	3,864.00M	3,758.00M	3,624.00M	3,476.00M	3,141.00M	3,180.00M	4,538.00M	3,959.00M	3,449.00M	3,004.00M	2,621.00M	2,125.00M	1,782.00M	1,395.00M	1,069.00M	512.00M	230.00M	-94.00M	-428.00M	-654.00M	-1,217.00M	-1,526.00M	-1,164.00M	-1,215.00M	-1,183.00M	22.00M	994.00M	1,295.00M	1,250.00M	1,327.20M	1,185.00M	1,049.00M	974.10M	843.10M	744.20M	880.10M	867.90M	760.30M
Accumulated OCI	-1,427.00M	-1,456.00M	-1,462.00M	-1,687.00M	-1,892.00M	-1,898.00M	-3,193.00M	-3,131.00M	-3,374.00M	-3,241.00M	-3,400.00M	-3,154.00M	-2,765.00M	-2,513.00M	-2,614.00M	-2,590.00M	-2,333.00M	-2,255.00M	-2,195.00M	-1,646.00M	-1,731.00M	-1,224.00M	-1,087.00M	-1,170.00M	-1,386.00M	-1,447.00M	-1,110.00M	-676.00M	-2,153.00M	-1,921.00M	-1,537.90M	-1,239.80M	-1,049.10M	-889.10M	-742.60M	-668.50M	-618.90M	-524.20M
Minority Interest	483.00M	481.00M	472.00M	454.00M	438.00M	418.00M	406.00M	379.00M	349.00M	322.00M	302.00M	291.00M	268.00M	285.00M	285.00M	234.00M	325.00M	389.00M	353.00M	323.00M	279.00M	246.00M	201.00M	197.00M	196.00M	201.00M	195.00M	295.00M	280.00M	282.80M	243.80M	118.60M	75.40M	53.70M	45.60M	14.20M	1.20M	0.90M
Total Shareholders’ Equity	3,016.00M	2,886.00M	2,756.00M	2,393.00M	1,849.00M	2,211.00M	2,274.00M	1,757.00M	1,004.00M	692.00M	150.00M	-100.00M	-54.00M	-189.00M	-616.00M	-1,149.00M	-1,174.00M	-1,420.00M	-1,694.00M	-1,371.00M	-2,019.00M	-1,821.00M	-1,322.00M	-1,456.00M	-1,667.00M	-645.00M	664.00M	1,747.00M	-552.00M	-73.00M	167.90M	-190.80M	-75.00M	-46.00M	1.60M	211.60M	249.00M	236.10M
Total Equity	3,499.00M	3,367.00M	3,228.00M	2,847.00M	2,287.00M	2,629.00M	2,680.00M	2,136.00M	1,353.00M	1,014.00M	452.00M	191.00M	214.00M	96.00M	-331.00M	-915.00M	-849.00M	-1,031.00M	-1,341.00M	-1,048.00M	-1,740.00M	-1,575.00M	-1,121.00M	-1,259.00M	-1,471.00M	-444.00M	859.00M	2,042.00M	-272.00M	209.80M	411.70M	-72.20M	0.40M	7.70M	47.20M	225.80M	250.20M	237.00M
Total Liabilities & Equity	14,389.00M	14,522.00M	13,766.00M	14,864.00M	14,289.00M	14,109.00M	16,821.00M	15,534.00M	15,272.00M	10,741.00M	9,328.00M	9,775.00M	9,463.00M	7,761.00M	6,973.00M	6,018.00M	5,612.00M	4,311.00M	4,643.00M	5,331.00M	4,658.00M	4,697.00M	6,097.00M	6,261.00M	6,043.00M	8,171.00M	9,714.00M	10,401.00M	8,942.00M	8,703.50M	9,194.80M	3,399.70M	3,341.10M	2,919.10M	2,683.10M	2,109.70M	1,894.70M	1,080.60M
Tangible Assets	10,420.00M	10,309.00M	9,850.00M	10,659.00M	9,992.00M	9,326.00M	11,790.00M	9,060.00M	8,627.00M	7,145.00M	3,072.00M	6,470.00M	6,782.00M	6,014.00M	5,492.00M	4,916.00M	4,915.00M	4,482.00M	4,149.00M	4,724.00M	4,173.00M	4,472.00M	5,480.00M	5,219.00M	5,136.00M	5,995.00M	7,239.00M	7,317.00M	7,904.00M	7,680.50M	7,780.30M	3,956.00M	3,658.90M	3,097.80M	2,831.00M	2,480.90M	2,234.00M	1,468.30M
Tangible Equity	-634.00M	-802.00M	-770.00M	-1,528.00M	-2,022.00M	-1,903.00M	-2,221.00M	-4,309.00M	-5,282.00M	-2,504.00M	-2,811.00M	-3,389.00M	-2,712.00M	-1,920.00M	-2,329.00M	-2,867.00M	-2,833.00M	-3,081.00M	-3,297.00M	-3,247.00M	-3,925.00M	-3,605.00M	-3,713.00M	-3,701.00M	-3,740.00M	-4,069.00M	-3,061.00M	-2,186.00M	-4,837.00M	-4,415.40M	-4,398.20M	-1,167.90M	-1,122.00M	-1,111.40M	-946.90M	-275.80M	-112.30M	50.20M
Tangible Book Value	-634.00M	-802.00M	-770.00M	-1,528.00M	-2,022.00M	-1,903.00M	-2,221.00M	-4,309.00M	-5,282.00M	-2,504.00M	-2,811.00M	-3,389.00M	-2,712.00M	-1,920.00M	-2,329.00M	-2,867.00M	-2,833.00M	-3,081.00M	-3,297.00M	-3,247.00M	-3,925.00M	-3,605.00M	-3,713.00M	-3,701.00M	-3,740.00M	-4,069.00M	-3,061.00M	-2,186.00M	-4,837.00M	-4,415.40M	-4,398.20M	-1,167.90M	-1,122.00M	-1,111.40M	-946.90M	-275.80M	-112.30M	50.20M
Total Investments	2.00M	2.00M	160.00M	200.00M	249.00M	213.00M	36.00M	80.00M	46.00M	22.00M	4.00M	5.00M	5.00M	20.00M	31.00M	25.00M	39.00M	41.00M	22.00M	37.00M	79.00M	46.00M	102.00M	83.00M	111.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Debt	5,265.00M	5,501.00M	5,236.00M	6,120.00M	6,384.00M	5,714.00M	7,002.00M	7,351.00M	8,040.00M	4,917.00M	4,352.00M	4,801.00M	4,294.00M	3,153.00M	3,315.00M	3,190.00M	2,585.00M	2,339.00M	2,741.00M	2,980.00M	3,134.00M	3,109.00M	3,389.00M	3,538.00M	3,691.00M	4,864.00M	4,967.00M	4,837.00M	5,370.00M	4,880.50M	4,917.40M	2,030.10M	1,781.80M	1,312.10M	1,292.40M	749.20M	590.90M	261.30M

Capital Metrics

Metric	MRQ	MRQ-1	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
Working Capital	642.0M	279.0M	746.0M	632.0M	727.0M	362.0M	621.0M	103.0M	166.0M	-176.0M	-55.0M	141.0M	698.0M	260.0M	232.0M	318.0M	272.0M	317.0M	385.0M	151.0M	106.0M	-98.0M	263.0M	86.0M	-246.0M	-84.0M	652.0M	-573.0M	-1,542.0M	-902.1M	-370.6M	429.9M	122.6M	43.8M	166.5M	387.5M	246.5M	61.0M
Total Capital	9,617.0M	9,594.0M	9,178.0M	10,110.0M	9,061.0M	8,376.0M	10,579.0M	9,888.0M	9,629.0M	5,944.0M	5,277.0M	5,612.0M	5,378.0M	3,846.0M	3,503.0M	3,059.0M	2,952.0M	2,792.0M	3,020.0M	3,452.0M	2,996.0M	3,167.0M	4,149.0M	4,079.0M	3,967.0M	6,124.0M	7,458.0M	7,995.0M	8,629.0M	8,615.3M	8,641.1M	3,559.4M	3,190.5M	2,618.1M	2,462.9M	1,853.8M	1,563.5M	1,086.3M
Capital Employed	10,414.0M	10,105.0M	10,383.0M	10,833.0M	10,369.0M	9,725.0M	12,409.0M	11,606.0M	11,349.0M	7,413.0M	6,703.0M	7,142.0M	6,782.0M	5,110.0M	4,972.0M	4,583.0M	4,522.0M	4,607.0M	4,152.0M	4,896.0M	4,402.0M	4,602.0M	6,045.0M	5,737.0M	5,235.0M	7,114.0M	8,898.0M	8,131.0M	7,759.0M	8,256.4M	8,927.7M	3,772.7M	3,298.3M	2,936.2M	2,689.7M	2,221.1M	1,860.2M	1,060.6M
Invested Capital	8,445.0M	8,556.0M	8,162.0M	8,710.0M	8,422.0M	7,784.0M	9,342.0M	9,231.0M	8,977.0M	5,518.0M	4,718.0M	4,895.0M	4,413.0M	3,157.0M	3,153.0M	2,717.0M	2,489.0M	2,333.0M	2,424.0M	2,995.0M	2,589.0M	2,873.0M	3,668.0M	3,678.0M	3,604.0M	5,668.0M	7,076.0M	7,728.0M	8,345.0M	8,409.7M	8,480.7M	3,491.3M	3,147.0M	2,563.9M	2,436.0M	1,833.6M	1,541.7M	1,071.9M

Cash Flow Statement

Metric	TTM	TTM-1	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
Net Income	1,013.00M	141.00M	560.00M	450.00M	855.00M	-411.00M	688.00M	625.00M	528.00M	428.00M	583.00M	461.00M	475.00M	428.00M	658.00M	396.00M	452.00M	450.00M	226.00M	528.00M	309.00M	-362.00M	51.00M	-32.00M	-1,205.00M	-972.00M	-174.00M	181.00M	105.00M	301.60M	284.00M	74.90M	131.00M	180.90M	155.40M	128.10M	107.10M	94.20M
Depreciation & Amortization	444.00M	471.00M	448.00M	499.00M	460.00M	463.00M	481.00M	490.00M	425.00M	247.00M	247.00M	237.00M	190.00M	134.00M	180.00M	176.00M	172.00M	194.00M	216.00M	229.00M	230.00M	282.00M	308.00M	326.00M	375.00M	499.00M	495.00M	522.00M	533.00M	540.00M	495.90M	256.30M	218.30M	191.70M	142.40M	128.40M	102.00M	61.80M
Deferred Income Tax	0.00M	-53.00M	-168.00M	-53.00M	28.00M	-248.00M	33.00M	-35.00M	35.00M	247.00M	16.00M	43.00M	-83.00M	127.00M	-138.00M	68.00M	52.00M	-81.00M	23.00M	-486.00M	-110.00M	-35.00M	12.00M	6.00M	-31.00M	482.00M	11.00M	86.00M	113.00M	92.90M	91.70M	-3.20M	-23.30M	45.50M	39.40M	-12.50M	-3.00M	9.40M
Stock-Based Compensation	10.00M	36.00M	42.00M	31.00M	29.00M	33.00M	32.00M	29.00M	27.00M	23.00M	20.00M	27.00M	22.00M	21.00M	18.00M	18.00M	20.00M	18.00M	16.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	61.00M	279.00M	79.00M	240.00M	-565.00M	-586.00M	15.00M	-23.00M	-513.00M	-966.00M	95.00M	153.00M	121.00M	150.00M	-98.00M	-55.00M	-163.00M	66.00M	-95.00M	118.00M	-18.00M	65.00M	42.00M	200.00M	108.00M	118.00M	-285.00M	-53.00M	-284.00M	-404.30M	73.70M	-252.30M	-376.80M	-65.80M	-110.80M	-91.20M	60.10M	-61.80M
Accounts Receivable	0.00M	98.00M	65.00M	98.00M	29.00M	-590.00M	-186.00M	60.00M	-493.00M	-1,143.00M	29.00M	34.00M	45.00M	-51.00M	-113.00M	0.00M	0.00M	0.00M	-110.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	0.00M	463.00M	102.00M	463.00M	-299.00M	-609.00M	-2.00M	61.00M	-201.00M	-65.00M	-85.00M	60.00M	-62.00M	-45.00M	21.00M	-119.00M	-119.00M	50.00M	-23.00M	-19.00M	-66.00M	-28.00M	-37.00M	37.00M	20.00M	377.00M	-26.00M	28.00M	-24.00M	-69.80M	20.30M	-55.10M	-37.80M	5.20M	-108.40M	26.80M	28.50M	7.70M
Accounts Payable	0.00M	-561.00M	-90.00M	0.00M	-149.00M	873.00M	121.00M	-87.00M	209.00M	253.00M	163.00M	59.00M	219.00M	246.00M	-6.00M	0.00M	0.00M	0.00M	54.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	61.00M	279.00M	2.00M	-321.00M	-146.00M	-260.00M	82.00M	-57.00M	-28.00M	-11.00M	-12.00M	18.00M	-81.00M	36.00M	-44.00M	64.00M	-44.00M	16.00M	-16.00M	137.00M	48.00M	93.00M	79.00M	163.00M	88.00M	-259.00M	-259.00M	-81.00M	-260.00M	-334.50M	53.40M	-197.20M	-339.00M	-71.00M	-2.40M	-118.00M	31.60M	-69.50M
Other Non-Cash Items	-190.00M	646.00M	231.00M	286.00M	-4.00M	1,654.00M	66.00M	77.00M	69.00M	-230.00M	-31.00M	35.00M	187.00M	25.00M	1.00M	-224.00M	57.00M	109.00M	36.00M	124.00M	-117.00M	-72.00M	-25.00M	-66.00M	1,168.00M	183.00M	223.00M	91.00M	205.00M	-143.90M	-21.20M	6.80M	-18.70M	0.20M	-12.40M	21.90M	-0.10M	13.60M
Net Cash from Operating Activities	1,338.00M	1,518.00M	1,192.00M	1,453.00M	803.00M	905.00M	1,315.00M	1,163.00M	571.00M	-251.00M	930.00M	956.00M	912.00M	885.00M	621.00M	379.00M	590.00M	756.00M	422.00M	509.00M	355.00M	-122.00M	404.00M	434.00M	415.00M	310.00M	270.00M	827.00M	672.00M	402.10M	911.20M	164.60M	6.80M	352.50M	213.00M	175.60M	118.50M	117.20M
Capital Expenditures (PPE)	-330.00M	-433.00M	-403.00M	-793.00M	-839.00M	-816.00M	-587.00M	-432.00M	-462.00M	-498.00M	-473.00M	-354.00M	-328.00M	-275.00M	-324.00M	-401.00M	-320.00M	-180.00M	-174.00M	-156.00M	-191.00M	-192.00M	-138.00M	-135.00M	-115.00M	-168.00M	-262.00M	-329.00M	-518.00M	-514.80M	-631.20M	-433.50M	-439.80M	-271.30M	-150.60M	-92.20M	-128.00M	-88.60M
Acquisitions (Net)	7.00M	-93.00M	0.00M	-126.00M	166.00M	2,255.00M	18.00M	-11.00M	-3,912.00M	8.00M	14.00M	-1,167.00M	-695.00M	-16.00M	-78.00M	4.00M	7.00M	-22.00M	0.00M	7.00M	7.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-11.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	0.00M	0.00M	0.00M	0.00M	0.00M	-25.00M	-46.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	39.00M	3.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Sales / Maturities of Investments	0.00M	12.00M	-275.00M	0.00M	0.00M	25.00M	28.00M	23.00M	0.00M	0.00M	0.00M	0.00M	0.00M	8.00M	48.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	398.00M	22.00M	666.00M	115.00M	31.00M	68.00M	52.00M	1.00M	531.00M	986.00M	1,092.00M	-27.00M	2.00M	-2.00M	-11.00M	25.00M	32.00M	2.00M	-12.00M	55.00M	73.00M	656.00M	31.00M	35.00M	706.00M	5.00M	25.00M	132.00M	66.00M	116.90M	-1,403.50M	-4.50M	-59.50M	34.70M	-499.90M	-202.10M	-329.00M	-331.20M
Net Cash from Investing Activities	75.00M	-492.00M	-12.00M	-804.00M	-642.00M	1,507.00M	-535.00M	-374.00M	-3,843.00M	496.00M	-442.00M	-1,548.00M	-1,021.00M	-246.00M	-362.00M	-372.00M	-281.00M	-200.00M	-186.00M	-94.00M	-111.00M	464.00M	-107.00M	-100.00M	591.00M	-163.00M	-248.00M	-197.00M	-452.00M	-397.90M	-2,034.70M	-438.00M	-499.30M	-236.60M	-650.50M	-294.30M	-457.00M	-419.80M
Net Debt Issuance	-407.00M	265.00M	-1,056.00M	386.00M	943.00M	-1,678.00M	-133.00M	-654.00M	3,680.00M	12.00M	-588.00M	528.00M	671.00M	79.00M	72.00M	487.00M	289.00M	-562.00M	-52.00M	-224.00M	8.00M	-430.00M	-177.00M	-157.00M	-1,101.00M	-72.00M	389.00M	-439.00M	457.00M	215.00M	1,348.50M	256.20M	463.90M	-30.20M	498.40M	121.10M	360.80M	246.70M
Long-Term Debt Issuance	-519.00M	223.00M	-1,113.00M	784.00M	675.00M	-1,678.00M	-162.00M	-654.00M	3,680.00M	12.00M	-552.00M	528.00M	671.00M	79.00M	72.00M	679.00M	289.00M	-644.00M	-67.00M	-7.00M	89.00M	-678.00M	-184.00M	-157.00M	-1,101.00M	-72.00M	389.00M	-439.00M	457.00M	215.00M	1,348.50M	256.20M	463.90M	-30.20M	498.40M	121.10M	360.80M	246.70M
Short-Term Debt Issuance	115.00M	42.00M	57.00M	-398.00M	268.00M	0.00M	29.00M	0.00M	0.00M	0.00M	-36.00M	0.00M	0.00M	0.00M	0.00M	-192.00M	278.00M	82.00M	15.00M	-217.00M	-81.00M	248.00M	-24.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-414.00M	-118.00M	-217.00M	-12.00M	-722.00M	-950.00M	-66.00M	-3.00M	-3.00M	-339.00M	2.00M	-9.00M	12.00M	-300.00M	-242.00M	-301.00M	-242.00M	19.00M	-25.00M	-104.00M	-117.00M	-22.00M	3.00M	2.00M	3.00M	0.00M	-47.00M	-30.00M	-461.00M	-6.00M	11.00M	20.90M	3.60M	-56.50M	-44.30M	6.50M	1.10M	69.50M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	2.00M	0.00M	4.00M	1.00M	9.00M	10.00M	6.00M	14.00M	21.00M	15.00M	11.00M	13.00M	23.00M	10.00M	14.00M	18.00M	16.00M	3.00M	2.00M	3.00M	0.00M	2.00M	0.00M	6.00M	11.00M	11.00M	21.20M	16.30M	30.00M	17.10M	75.60M	6.20M	136.20M
Common Stock Repurchased	-414.00M	-118.00M	-217.00M	-12.00M	-722.00M	-950.00M	-66.00M	-7.00M	-4.00M	-339.00M	-8.00M	-9.00M	-2.00M	-300.00M	-257.00M	-312.00M	-255.00M	-4.00M	-35.00M	-118.00M	-135.00M	-38.00M	0.00M	0.00M	0.00M	0.00M	-49.00M	-30.00M	-467.00M	-17.00M	0.00M	-0.30M	-12.70M	-86.50M	-61.40M	-69.10M	-5.10M	-66.70M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-9.00M	0.00M	-6.00M	0.00M	-21.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-119.00M	-119.00M	-119.00M	-115.00M	-106.00M	-105.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-112.00M	-87.00M	-65.00M	-38.00M	0.00M	-45.00M	-41.00M	-24.00M	0.00M	0.00M	-127.00M	-138.00M	-143.00M	-151.80M	-145.40M	-21.50M	-9.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Dividends Paid	-119.00M	-119.00M	-119.00M	-115.00M	-106.00M	-105.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-112.00M	-87.00M	-65.00M	-38.00M	0.00M	-45.00M	0.00M	-24.00M	0.00M	0.00M	-127.00M	-138.00M	-143.00M	-151.80M	-145.40M	-21.50M	-9.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-1,006.00M	-137.00M	-134.00M	-143.00M	-140.00M	-211.00M	-40.00M	-129.00M	-144.00M	-73.00M	-52.00M	-113.00M	-238.00M	-85.00M	-84.00M	-315.00M	-234.00M	-71.00M	65.00M	-30.00M	-49.00M	0.00M	-72.00M	-149.00M	-30.00M	9.00M	-88.00M	-10.00M	-5.00M	10.00M	3.70M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Cash from Financing Activities	-1,946.00M	-109.00M	-1,526.00M	116.00M	-25.00M	-2,944.00M	-239.00M	-786.00M	3,533.00M	-400.00M	-616.00M	406.00M	445.00M	-306.00M	-254.00M	-129.00M	-299.00M	-701.00M	-77.00M	-396.00M	-158.00M	-497.00M	-246.00M	-328.00M	-1,128.00M	-63.00M	127.00M	-617.00M	-152.00M	67.20M	1,217.80M	298.60M	476.50M	-86.70M	454.10M	127.60M	361.90M	316.20M
Effect of FX on Cash	-230.00M	14.00M	-38.00M	-4.00M	-90.00M	-113.00M	34.00M	1.00M	-37.00M	14.00M	-30.00M	-62.00M	-60.00M	6.00M	3.00M	1.00M	-6.00M	8.00M	-20.00M	31.00M	27.00M	-22.00M	19.00M	32.00M	29.00M	-10.00M	-34.00M	-30.00M	10.00M	-26.20M	-2.00M	-0.60M	5.30M	-1.90M	-9.90M	-10.50M	-16.10M	-17.20M
Net Change in Cash	-763.00M	931.00M	-384.00M	761.00M	46.00M	-645.00M	575.00M	4.00M	224.00M	-141.00M	-158.00M	-248.00M	276.00M	339.00M	8.00M	-121.00M	4.00M	-137.00M	139.00M	50.00M	113.00M	-177.00M	70.00M	38.00M	-93.00M	74.00M	115.00M	-17.00M	78.00M	45.20M	92.30M	24.60M	-10.70M	27.30M	6.70M	-1.60M	7.30M	-3.60M
Cash at Beginning of Period	4,766.00M	5,031.00M	1,400.00M	639.00M	593.00M	1,238.00M	663.00M	659.00M	435.00M	576.00M	717.00M	965.00M	689.00M	350.00M	342.00M	463.00M	459.00M	596.00M	457.00M	407.00M	294.00M	471.00M	401.00M	363.00M	456.00M	382.00M	267.00M	284.00M	206.00M	160.40M	68.10M	43.50M	54.20M	26.90M	20.20M	21.80M	14.40M	18.00M
Cash at End of Period	4,003.00M	5,962.00M	1,016.00M	1,400.00M	639.00M	593.00M	1,238.00M	663.00M	659.00M	435.00M	559.00M	717.00M	965.00M	689.00M	350.00M	342.00M	463.00M	459.00M	596.00M	457.00M	407.00M	294.00M	471.00M	401.00M	363.00M	456.00M	382.00M	267.00M	284.00M	205.60M	160.40M	68.10M	43.50M	54.20M	26.90M	20.20M	21.70M	14.40M
Operating Cash Flow	1,338.00M	1,518.00M	1,192.00M	1,453.00M	803.00M	905.00M	1,315.00M	1,163.00M	571.00M	-251.00M	930.00M	956.00M	912.00M	885.00M	621.00M	379.00M	590.00M	756.00M	422.00M	509.00M	355.00M	-122.00M	404.00M	434.00M	415.00M	310.00M	270.00M	827.00M	672.00M	402.10M	911.20M	164.60M	6.80M	352.50M	213.00M	175.60M	118.50M	117.20M
Capital Expenditure	-330.00M	-433.00M	-403.00M	-793.00M	-839.00M	-816.00M	-587.00M	-432.00M	-462.00M	-498.00M	-473.00M	-354.00M	-328.00M	-275.00M	-324.00M	-401.00M	-320.00M	-180.00M	-174.00M	-156.00M	-191.00M	-192.00M	-138.00M	-135.00M	-115.00M	-168.00M	-262.00M	-329.00M	-518.00M	-514.80M	-631.20M	-433.50M	-439.80M	-271.30M	-150.60M	-92.20M	-128.00M	-88.60M
Free Cash Flow	1,008.00M	1,085.00M	789.00M	660.00M	-36.00M	89.00M	728.00M	731.00M	109.00M	-749.00M	457.00M	602.00M	584.00M	610.00M	297.00M	-22.00M	270.00M	576.00M	248.00M	353.00M	164.00M	-314.00M	266.00M	299.00M	300.00M	142.00M	8.00M	498.00M	154.00M	-112.70M	280.00M	-268.90M	-433.00M	81.20M	62.40M	83.40M	-9.50M	28.60M

Free Cash Flow

Metric	TTM	TTM-1	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
EBITDA	2,386.00M	2,308.00M	2,325.00M	2,305.00M	2,186.00M	667.00M	1,831.00M	1,858.00M	1,964.00M	1,586.00M	1,525.00M	1,454.00M	1,325.00M	1,149.00M	1,255.00M	1,101.00M	1,062.00M	1,200.00M	1,258.00M	842.00M	796.00M	1,082.00M	1,160.00M	1,080.00M	1,231.00M	1,313.00M	1,488.00M	1,846.00M	1,609.00M	1,846.70M	1,668.30M	757.10M	721.00M	753.70M	613.60M	532.20M	434.00M	267.30M
(-) Tax Adjustment	568.58M	730.87M	572.64M	632.52M	483.79M	91.39M	498.45M	397.31M	570.19M	555.10M	368.86M	405.03M	109.36M	295.23M	32.98M	363.87M	285.39M	18.30M	318.77M	0.00M	0.00M	6.89M	406.00M	378.00M	0.00M	0.00M	372.00M	646.10M	563.15M	607.07M	535.90M	188.90M	214.83M	263.78M	214.76M	186.27M	151.90M	93.56M
(-) Change In Working Capital	61.00M	279.00M	79.00M	240.00M	-565.00M	-586.00M	15.00M	-23.00M	-513.00M	-966.00M	95.00M	153.00M	121.00M	150.00M	-98.00M	-55.00M	-163.00M	66.00M	-95.00M	118.00M	-18.00M	65.00M	42.00M	200.00M	108.00M	118.00M	-285.00M	-53.00M	-284.00M	-404.30M	73.70M	-252.30M	-376.80M	-65.80M	-110.80M	-91.20M	60.10M	-61.80M
(-) Capital Expenditure	-330.00M	-433.00M	-403.00M	-793.00M	-839.00M	-816.00M	-587.00M	-432.00M	-462.00M	-498.00M	-473.00M	-354.00M	-328.00M	-275.00M	-324.00M	-401.00M	-320.00M	-180.00M	-174.00M	-156.00M	-191.00M	-192.00M	-138.00M	-135.00M	-115.00M	-168.00M	-262.00M	-329.00M	-518.00M	-514.80M	-631.20M	-433.50M	-439.80M	-271.30M	-150.60M	-92.20M	-128.00M	-88.60M
Unlevered Free Cash Flow	1,426.42M	865.13M	1,270.36M	639.48M	1,428.21M	345.61M	730.55M	1,051.69M	1,444.81M	1,498.90M	588.14M	541.97M	766.64M	428.77M	996.02M	391.13M	619.61M	935.70M	860.23M	568.00M	623.00M	818.11M	574.00M	367.00M	1,008.00M	1,027.00M	1,139.00M	923.90M	811.85M	1,129.13M	427.50M	387.00M	443.17M	284.42M	359.04M	344.93M	94.00M	146.95M
(-) Net Interest Income After Taxes	-265.83M	-258.30M	-278.87M	-277.90M	-209.47M	-210.57M	-205.23M	-276.73M	-257.61M	-154.05M	-175.13M	-186.85M	-225.70M	-171.65M	-213.25M	-147.96M	-141.87M	-237.32M	-217.26M	-593.00M	-276.00M	-1,418.90M	-286.65M	-198.90M	-1,951.00M	-1,081.00M	-804.00M	-433.55M	-207.35M	-197.89M	-134.26M	-98.39M	-70.70M	-113.43M	-43.81M	-34.78M	-28.15M	0.00M
Net Debt Issuance	-407.00M	265.00M	-1,056.00M	386.00M	943.00M	-1,678.00M	-133.00M	-654.00M	3,680.00M	12.00M	-588.00M	528.00M	671.00M	79.00M	72.00M	487.00M	289.00M	-562.00M	-52.00M	-224.00M	8.00M	-430.00M	-177.00M	-157.00M	-1,101.00M	-72.00M	389.00M	-439.00M	457.00M	215.00M	1,348.50M	256.20M	463.90M	-30.20M	498.40M	121.10M	360.80M	246.70M
Levered Free Cash Flow	1,285.26M	1,388.43M	493.22M	1,303.38M	2,580.68M	-1,121.82M	802.78M	674.42M	5,382.42M	1,664.95M	175.27M	1,256.83M	1,663.34M	679.42M	1,281.27M	1,026.09M	1,050.48M	611.02M	1,025.49M	937.00M	907.00M	1,807.01M	683.65M	408.90M	1,858.00M	2,036.00M	2,332.00M	918.45M	1,476.20M	1,542.02M	1,910.26M	741.59M	977.76M	367.65M	901.25M	500.81M	482.95M	393.65M