Norfolk Southern Corporation (0K8M.L)

Category: Company Returns Sector: Industrials Industry: General Transportation Live Price: $291.58

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	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	2,573M	2,547M	2,675M	2,388M	2,140M	1,811M	1,615M	2,962M	2,416M	2,622M	1,827M	3,270M	3,005M	2,013M	2,722M	2,666M	5,404M	1,668M	1,556M	2,000M	1,910M	1,749M	1,916M	1,496M	1,034M	1,716M	1,464M	1,481M	1,281M	923M	535M	460M	375M	172M	239M	734M	721M	770M	713M	668M	772M	558M	30M	556M	606M
Revenue	12,341M	11,591M	11,166M	11,084M	10,613M	9,785M	8,924M	12,230M	12,172M	12,123M	12,156M	12,745M	11,142M	9,789M	11,296M	11,458M	10,551M	9,888M	10,511M	11,624M	11,245M	11,040M	11,172M	9,516M	7,969M	10,661M	9,432M	9,407M	8,527M	7,312M	6,468M	6,270M	6,170M	6,159M	5,195M	4,221M	4,223M	4,770M	4,668M	4,581M	4,460M	4,607M	4,451M	4,617M	4,536M
Return on Revenue	20.77%	21.97%	24.01%	21.53%	19.92%	17.42%	16.87%	24.22%	19.85%	21.63%	15.03%	25.66%	26.97%	20.56%	24.10%	23.27%	51.22%	16.87%	14.80%	17.21%	16.99%	15.84%	17.15%	15.72%	12.98%	16.10%	15.52%	15.74%	15.02%	12.62%	8.27%	7.34%	6.08%	2.79%	4.60%	17.39%	17.07%	16.15%	15.27%	14.58%	17.31%	12.11%	0.67%	12.04%	13.36%
Cost of Revenue	8,573M	7,778M	7,527M	7,603M	7,364M	6,507M	5,580M	8,066M	8,706M	8,359M	9,348M	8,012M	6,777M	6,392M	7,403M	7,499M	7,029M	6,818M	7,632M	8,054M	7,994M	7,922M	7,966M	6,847M	6,007M	7,577M	6,858M	6,850M	5,932M	5,239M	2,826M	2,382M	2,420M	2,543M	1,931M	269M	350M	1,108M	1,057M	1,100M	1,685M	1,823M	3,589M	3,024M	2,957M
Return on Cost of Revenue	30.58%	33.51%	36.16%	31.89%	29.14%	26.43%	42.97%	36.72%	27.75%	31.37%	19.54%	40.81%	44.34%	31.49%	36.77%	35.55%	76.88%	24.46%	20.39%	24.83%	23.89%	22.08%	24.05%	21.85%	17.21%	22.65%	21.35%	21.62%	21.59%	17.62%	18.93%	19.31%	15.50%	6.76%	12.38%	272.86%	206.00%	69.52%	67.46%	60.71%	45.83%	30.59%	0.83%	18.39%	20.50%
Gross Profit	3,768M	3,813M	3,639M	3,480M	3,249M	3,278M	3,344M	4,164M	3,466M	3,764M	2,808M	4,733M	4,365M	3,397M	3,893M	3,959M	3,522M	3,070M	2,879M	3,570M	3,251M	3,118M	3,206M	2,669M	1,962M	3,084M	2,574M	2,557M	2,595M	2,073M	3,642M	3,888M	3,750M	3,616M	3,264M	3,952M	3,873M	3,662M	3,612M	3,481M	2,776M	2,783M	863M	1,593M	1,580M
Return on Gross Profit	67.94%	66.38%	73.10%	67.84%	64.51%	55.04%	48.71%	71.13%	69.71%	69.66%	65.06%	69.09%	68.84%	59.26%	69.92%	67.34%	153.44%	54.33%	54.05%	56.02%	58.75%	56.09%	59.76%	56.05%	52.70%	55.64%	56.88%	57.92%	49.36%	44.52%	14.69%	11.83%	10.00%	4.76%	7.32%	18.57%	18.62%	21.04%	19.73%	19.18%	27.81%	20.04%	3.44%	34.91%	38.38%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on R&D Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	-40M	-24M	-12M	-8M	-6M	405M	632M	0M	0M	-120M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	3,056M	2,364M	2,300M	2,518M	2,131M	1,682M	1,651M	1,646M	1,723M	1,641M	1,510M	1,500M	369M	412M	407M
Return on SG&A Expenses	-728.33%	-437.00%	-218.50%	-145.67%	-109.25%	-85.00%	-64.61%	0.00%	0.00%	-2,185.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	17.51%	19.46%	16.30%	6.83%	11.22%	43.64%	43.67%	46.82%	41.37%	40.69%	51.14%	37.18%	8.04%	135.04%	148.83%
Operating Expenses	0M	0M	0M	0M	22M	555M	958M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	437M	371M	3,694M	3,072M	3,029M	3,267M	2,822M	3,090M	2,829M	3,060M	3,071M	3,010M	1,915M	1,897M	751M	785M	754M
Return on Operating Expenses	0.00%	0.00%	0.00%	0.00%	14.66%	23.56%	23.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	293.14%	248.79%	14.48%	14.97%	12.38%	5.26%	8.47%	23.75%	25.49%	25.18%	23.20%	22.19%	40.31%	29.40%	3.96%	70.86%	80.37%
Operating Income (EBIT)	3,768M	3,813M	3,639M	3,480M	3,227M	2,804M	2,512M	4,164M	3,466M	3,764M	2,808M	4,733M	4,365M	3,397M	3,893M	3,959M	3,522M	3,070M	2,879M	3,570M	3,251M	3,118M	3,206M	2,669M	1,962M	3,084M	2,574M	2,557M	2,158M	1,702M	1,064M	1,158M	1,007M	633M	718M	1,052M	1,213M	1,197M	1,086M	1,065M	860M	887M	112M	808M	825M
Return on Operating Income (EBIT)	67.94%	66.38%	73.10%	67.84%	65.01%	60.35%	60.04%	71.13%	69.71%	69.66%	65.06%	69.09%	68.84%	59.26%	69.92%	67.34%	153.44%	54.33%	54.05%	56.02%	58.75%	56.09%	59.76%	56.05%	52.70%	55.64%	56.88%	57.92%	59.36%	54.23%	50.28%	39.72%	37.24%	27.17%	33.29%	69.77%	59.44%	64.36%	65.61%	62.68%	89.73%	62.91%	26.52%	68.82%	73.46%
Interest Income	0M	0M	2M	4M	5M	4M	4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	10M	8M	9M	8M	8M	9M	12M	0M	0M	45M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Income	0.00%	0.00%	3,613.00%	9,189.69%	7,054.93%	5,643.94%	4,703.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	16,680.00%	19,450.00%	22,222.22%	23,875.00%	21,862.50%	21,288.89%	12,466.67%	0.00%	0.00%	3,253.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	740M	698M	632M	589M	534M	427M	356M	796M	803M	807M	722M	692M	646M	625M	604M	557M	550M	569M	545M	557M	537M	504M	455M	462M	467M	444M	441M	0M	497M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Expense	350.17%	367.55%	432.82%	408.99%	366.63%	293.30%	244.42%	372.11%	300.87%	324.91%	253.05%	472.54%	465.17%	322.08%	450.66%	478.64%	982.55%	293.15%	285.50%	359.07%	355.68%	347.02%	421.10%	323.81%	221.41%	386.49%	331.97%	0.00%	257.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Interest Income	-740M	-698M	-630M	-586M	-505M	-404M	-337M	-796M	-803M	-807M	-722M	-692M	-646M	-625M	-604M	-557M	-550M	-559M	-541M	-548M	-529M	-496M	-449M	-466M	-467M	-444M	-396M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Interest Income	-350.17%	-367.55%	-433.56%	-410.80%	-356.98%	-285.58%	-237.99%	-372.11%	-300.87%	-324.91%	-253.05%	-472.54%	-465.17%	-322.08%	-450.66%	-478.64%	-982.55%	-298.39%	-287.62%	-364.96%	-361.06%	-352.62%	-426.73%	-321.03%	-221.41%	-386.49%	-369.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	1,249M	1,274M	1,139M	1,035M	957M	852M	735M	1,132M	1,217M	1,242M	1,210M	1,295M	1,133M	1,492M	1,006M	1,047M	944M	1,047M	974M	984M	815M	856M	734M	752M	807M	778M	733M	327M	958M	400M	478M	452M	454M	383M	367M	207M	215M	0M	-28M	16M	-38M	11M	-32M	-67M	-108M
Return on Unusual Items	204.87%	202.95%	243.15%	235.56%	233.42%	209.62%	25,796.20%	261.66%	198.52%	211.11%	150.99%	252.51%	265.23%	134.92%	270.58%	254.63%	572.46%	159.31%	159.75%	203.25%	234.36%	204.32%	261.04%	198.94%	128.13%	220.57%	199.73%	452.91%	133.72%	230.75%	111.92%	101.77%	82.60%	44.91%	65.12%	354.59%	335.35%	770,400.00%	-2,509.51%	4,071.95%	-2,020.94%	4,979.46%	-93.99%	-826.30%	-563.91%
EBT Excluding Unusual Items	2,011M	1,963M	1,991M	1,994M	1,842M	1,523M	1,394M	2,696M	1,835M	2,087M	1,110M	2,835M	2,745M	1,038M	2,485M	2,422M	2,184M	1,535M	1,468M	2,150M	2,150M	1,902M	2,184M	1,615M	815M	1,972M	1,504M	1,903M	739M	902M	108M	254M	99M	-133M	-16M	638M	783M	1,197M	1,143M	1,033M	937M	864M	175M	943M	1,040M
Return on EBT Excluding Unusual Items	135.19%	141.80%	139.07%	122.99%	120.36%	137.42%	75.85%	109.87%	131.66%	125.63%	164.59%	115.34%	109.47%	193.93%	109.54%	110.07%	247.44%	108.66%	105.99%	93.02%	88.84%	91.96%	87.73%	92.63%	126.87%	87.02%	97.34%	77.82%	173.34%	102.33%	495.37%	181.10%	378.79%	-129.32%	-1,493.75%	115.05%	92.08%	64.37%	62.35%	64.67%	82.41%	64.54%	16.95%	58.99%	58.28%
Pre-Tax Income	3,260M	3,237M	3,130M	3,029M	2,799M	2,375M	2,129M	3,828M	3,052M	3,329M	2,320M	4,130M	3,878M	2,530M	3,491M	3,469M	3,128M	2,582M	2,442M	3,134M	2,965M	2,758M	2,918M	2,367M	1,622M	2,750M	2,237M	2,230M	1,697M	1,302M	586M	706M	553M	250M	351M	845M	998M	1,197M	1,115M	1,049M	899M	875M	144M	875M	933M
Return on Pre-Tax Income	78.90%	78.75%	84.96%	78.01%	75.18%	74.70%	74.10%	77.38%	79.16%	78.76%	78.75%	79.18%	77.49%	79.57%	77.97%	76.85%	172.76%	64.60%	63.72%	63.82%	64.42%	63.42%	65.66%	63.20%	63.75%	62.40%	65.44%	66.41%	75.49%	70.89%	91.30%	65.16%	67.81%	68.80%	68.09%	86.86%	72.24%	64.37%	63.94%	63.66%	85.91%	63.72%	20.68%	63.53%	64.99%
Income Tax Expense	687M	690M	455M	641M	659M	570M	523M	866M	636M	707M	493M	860M	873M	517M	769M	803M	-2,276M	914M	886M	1,134M	1,055M	1,009M	1,002M	871M	588M	1,034M	773M	749M	416M	379M	175M	246M	191M	78M	112M	215M	299M	427M	402M	381M	350M	318M	114M	319M	327M
Return on Income Tax Expense	373.89%	371.05%	266.19%	237.04%	229.62%	229.82%	229.98%	342.03%	379.87%	370.86%	370.59%	380.23%	344.22%	389.36%	353.97%	332.00%	-237.43%	182.49%	175.62%	176.37%	181.04%	173.34%	191.22%	171.76%	175.85%	165.96%	189.39%	197.73%	307.93%	243.54%	305.71%	186.99%	196.34%	220.51%	213.39%	341.40%	241.14%	180.63%	177.29%	175.18%	220.63%	175.60%	26.08%	174.16%	185.67%
Depreciation and Amortization	1,291M	1,241M	1,162M	1,074M	1,005M	912M	834M	1,382M	1,341M	1,353M	1,298M	1,221M	1,181M	1,154M	1,138M	1,102M	1,055M	1,061M	1,059M	956M	922M	922M	869M	826M	845M	815M	786M	750M	787M	609M	528M	529M	527M	517M	489M	450M	432M	429M	414M	404M	-406M	-397M	-381M	-373M	-347M
Return on Depreciation and Amortization	200.79%	206.25%	232.87%	222.43%	210.79%	186.40%	179.69%	214.33%	180.16%	193.79%	140.76%	267.81%	254.45%	174.44%	239.19%	241.92%	512.23%	157.21%	146.93%	209.21%	207.16%	189.70%	220.48%	181.11%	122.37%	210.55%	186.26%	197.47%	162.77%	151.56%	101.33%	86.96%	71.16%	33.27%	48.88%	163.11%	166.90%	179.50%	172.36%	165.38%	-190.38%	-140.62%	-7.79%	-149.09%	-174.70%
EBITDA	5,291M	5,177M	4,928M	4,696M	4,367M	3,730M	3,340M	6,006M	5,196M	5,489M	4,340M	6,043M	5,705M	4,309M	5,233M	5,128M	4,733M	4,212M	4,090M	4,647M	4,424M	4,175M	4,242M	3,671M	2,939M	4,009M	3,491M	3,473M	2,984M	2,417M	1,064M	1,158M	406M	866M	931M	1,312M	1,722M	1,553M	1,444M	1,431M	1,129M	1,185M	362M	1,036M	1,014M
Return on EBITDA	47.99%	48.67%	53.92%	50.21%	47.94%	47.97%	47.39%	49.32%	46.50%	47.77%	42.10%	54.11%	52.67%	46.72%	52.02%	51.99%	114.18%	39.60%	38.04%	43.04%	43.17%	41.89%	45.17%	40.75%	35.18%	42.80%	41.94%	42.64%	42.93%	38.19%	50.28%	39.72%	92.36%	19.86%	25.67%	55.95%	41.87%	49.61%	49.37%	46.66%	68.37%	47.05%	8.20%	53.69%	59.78%
NOPAT	2,974M	3,002M	3,099M	2,742M	2,466M	2,125M	1,890M	3,222M	2,744M	2,965M	2,211M	3,747M	3,382M	2,703M	3,035M	3,043M	6,085M	1,983M	1,834M	2,278M	2,094M	1,977M	2,105M	1,687M	1,251M	1,924M	1,685M	1,698M	1,629M	1,207M	746M	755M	659M	436M	489M	784M	850M	770M	695M	678M	525M	565M	23M	513M	536M
Return on NOPAT	86.11%	84.33%	85.67%	86.92%	86.42%	81.36%	82.13%	91.93%	88.06%	88.44%	82.62%	87.26%	88.84%	74.48%	89.67%	87.62%	88.81%	84.10%	84.82%	87.79%	91.20%	88.45%	91.02%	88.68%	82.67%	89.17%	86.91%	87.21%	78.64%	76.50%	71.69%	60.97%	56.89%	39.49%	48.89%	93.58%	84.86%	99.99%	102.61%	98.46%	146.94%	98.74%	128.21%	108.33%	113.03%
Owner's Earnings	1,638M	1,860M	1,874M	1,490M	1,345M	1,126M	982M	2,194M	-445M	1,594M	776M	2,543M	2,716M	1,673M	1,842M	1,819M	4,740M	811M	230M	838M	861M	430M	625M	852M	580M	973M	909M	1,053M	1,043M	491M	343M	300M	156M	-42M	-184M	228M	278M	511M	467M	359M	-303M	-555M	-1,011M	-487M	-392M
Return on Owner's Earnings	176.17%	151.90%	205.00%	226.63%	208.93%	180.27%	175.38%	135.00%	-542.92%	164.49%	235.44%	128.59%	110.64%	120.32%	147.77%	146.56%	114.01%	205.67%	676.52%	238.66%	221.84%	406.74%	306.56%	175.59%	178.28%	176.36%	161.06%	140.65%	122.82%	187.98%	155.98%	153.33%	240.38%	-409.52%	-129.89%	321.93%	259.35%	150.65%	152.51%	186.17%	-255.04%	-100.49%	-2.94%	-114.28%	-154.49%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	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	2,573M	2,547M	2,675M	2,388M	2,140M	1,811M	1,615M	2,622M	1,827M	3,270M	3,005M	2,013M	2,722M	2,666M	5,404M	1,668M	1,556M	2,000M	1,910M	1,749M	1,916M	1,496M	1,034M	1,716M	1,464M	1,481M	1,281M	923M	535M	460M	375M	172M	239M	734M	721M	770M	713M	668M	772M	558M	30M	556M	606M
Cash & Cash Equivalents	1,222M	1,124M	930M	898M	806M	695M	591M	1,641M	1,568M	456M	839M	1,115M	580M	358M	690M	956M	1,101M	973M	1,443M	653M	276M	827M	996M	618M	206M	527M	289M	579M	284M	184M	204M	0M	37M	5M	34M	209M	68M	57M	81M	112M	158M	390M	216M
Return on Cash & Cash Equivalents	331.13%	306.42%	384.51%	355.06%	357.12%	316.96%	893.05%	159.78%	116.52%	717.11%	358.16%	180.54%	469.31%	744.69%	783.19%	174.48%	141.33%	205.55%	132.36%	267.84%	694.20%	180.89%	103.82%	277.67%	710.68%	281.02%	443.25%	159.41%	188.38%	250.00%	183.82%	0.00%	645.95%	14,680.00%	2,120.59%	368.26%	1,052.73%	1,171.58%	959.01%	498.84%	18.77%	142.70%	280.26%
Short-Term Investments	0M	0M	0M	29M	95M	79M	88M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	118M	15M	25M	283M	90M	0M	0M	391M	968M	90M	0M	0M	0M	2M	14M	58M	125M	194M	261M	250M	0M	0M	0M	0M	0M
Return on Short-Term Investments	0.00%	0.00%	0.00%	1,431.42%	1,156.56%	1,310.27%	1,232.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,618.64%	11,660.00%	7,664.00%	528.62%	1,148.89%	0.00%	0.00%	378.77%	132.33%	1,025.56%	0.00%	0.00%	0.00%	8,600.00%	1,707.14%	1,265.52%	576.80%	396.70%	272.75%	267.44%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	1,222M	1,124M	930M	928M	900M	774M	678M	1,641M	1,568M	456M	839M	1,115M	580M	358M	690M	956M	1,101M	973M	1,561M	668M	301M	1,110M	1,086M	618M	206M	918M	1,257M	669M	284M	184M	204M	2M	51M	63M	159M	403M	329M	307M	81M	112M	158M	390M	216M
Return on Cash & Short-Term Investments	331.13%	306.42%	384.51%	347.08%	327.65%	636.52%	613.60%	159.78%	116.52%	717.11%	358.16%	180.54%	469.31%	744.69%	783.19%	174.48%	141.33%	205.55%	122.36%	261.83%	636.54%	134.77%	95.21%	277.67%	710.68%	161.33%	101.91%	137.97%	188.38%	250.00%	183.82%	8,600.00%	468.63%	1,165.08%	453.46%	190.98%	216.63%	217.74%	959.01%	498.84%	18.77%	142.70%	280.26%
Net Receivables	1,121M	1,038M	996M	999M	974M	900M	857M	1,069M	1,147M	1,148M	976M	848M	920M	1,009M	955M	945M	946M	1,055M	1,024M	1,109M	1,022M	807M	766M	870M	942M	992M	931M	767M	695M	683M	475M	411M	857M	519M	552M	558M	704M	727M	908M	1,015M	725M	853M	888M
Return on Net Receivables	229.80%	246.94%	270.16%	240.55%	219.14%	190.73%	176.92%	245.28%	159.29%	284.84%	307.89%	237.38%	295.87%	264.22%	565.86%	176.51%	164.48%	189.57%	186.52%	157.71%	187.48%	185.38%	134.99%	197.24%	155.41%	149.29%	137.59%	120.34%	76.98%	67.35%	78.95%	41.85%	27.89%	141.43%	130.62%	138.06%	101.31%	91.91%	85.06%	54.95%	4.10%	65.22%	68.28%
Inventory	265M	247M	243M	232M	215M	191M	171M	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	62M	62M	70M	81M	70M	81M	65M
Return on Inventory	977.04%	1,044.08%	1,128.13%	1,039.80%	994.75%	897.76%	918.27%	946.57%	692.05%	1,292.49%	1,378.44%	910.86%	1,115.57%	1,287.92%	2,434.23%	649.03%	574.17%	847.46%	856.50%	809.72%	916.75%	885.21%	630.49%	884.54%	831.82%	980.79%	970.45%	887.50%	581.52%	474.23%	416.67%	189.01%	239.00%	1,244.07%	1,243.10%	1,222.86%	1,155.11%	1,078.84%	1,098.15%	690.22%	42.25%	688.24%	938.39%
Other Current Assets	214M	182M	215M	242M	255M	279M	293M	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	510M	242M	505M	190M	516M	424M	541M
Return on Other Current Assets	1,370.05%	1,570.99%	1,356.09%	1,125.46%	963.10%	796.67%	694.58%	1,304.48%	625.68%	2,180.00%	2,242.54%	1,502.24%	807.72%	925.69%	1,916.31%	1,254.14%	802.06%	389.11%	715.36%	702.41%	874.89%	639.32%	449.57%	541.32%	499.66%	436.87%	452.65%	243.54%	119.96%	106.48%	134.89%	49.86%	65.84%	269.85%	215.87%	229.29%	139.77%	275.61%	152.84%	293.99%	5.76%	131.28%	112.05%
Total Current Assets	2,822M	2,590M	2,397M	2,419M	2,363M	2,154M	2,001M	3,188M	3,271M	2,007M	2,167M	2,318M	2,081M	1,862M	2,149M	2,291M	2,633M	2,778M	3,075M	2,242M	1,751M	2,471M	2,246M	1,999M	1,675M	2,400M	2,650M	1,967M	1,425M	1,299M	1,047M	849M	1,371M	913M	1,103M	1,457M	1,343M	1,338M	1,564M	1,397M	1,469M	1,747M	1,710M
Return on Total Current Assets	100.34%	105.31%	118.39%	104.40%	94.77%	82.85%	78.01%	82.25%	55.85%	162.93%	138.67%	86.84%	130.80%	143.18%	251.47%	72.81%	59.10%	71.99%	62.11%	78.01%	109.42%	60.54%	46.04%	85.84%	87.40%	61.71%	48.34%	46.92%	37.54%	35.41%	35.82%	20.26%	17.43%	80.39%	65.37%	52.88%	53.08%	49.93%	49.38%	39.92%	2.02%	31.84%	35.46%
Property, Plant & Equipment	33,771M	32,862M	31,609M	29,591M	27,607M	24,725M	22,275M	35,831M	33,326M	32,156M	31,653M	31,345M	31,614M	31,091M	30,330M	29,751M	28,992M	27,694M	26,645M	25,736M	24,469M	23,231M	22,643M	22,247M	21,583M	21,098M	20,705M	20,526M	11,779M	11,370M	11,208M	11,105M	10,956M	10,477M	9,904M	9,529M	9,259M	8,987M	8,731M	8,648M	8,372M	8,128M	7,882M
Return on Property, Plant & Equipment	7.66%	7.78%	8.49%	8.02%	7.63%	6.82%	6.76%	7.32%	5.48%	10.17%	9.49%	6.42%	8.61%	8.57%	17.82%	5.61%	5.37%	7.22%	7.17%	6.80%	7.83%	6.44%	4.57%	7.71%	6.78%	7.02%	6.19%	4.50%	4.54%	4.05%	3.35%	1.55%	2.18%	7.01%	7.28%	8.08%	7.70%	7.43%	8.84%	6.45%	0.35%	6.84%	7.69%
Goodwill	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	0M	-80M	-228M	-215M	-162M	-129M	-108M	0M	0M	0M	0M	-399M	-388M	-380M	-366M	-329M	-421M	-349M	-316M	-282M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Intangible Assets	0.00%	-100.90%	-426.07%	-403.90%	-302.92%	-242.34%	-201.95%	0.00%	0.00%	0.00%	0.00%	-504.51%	-701.55%	-701.58%	-1,476.50%	-506.99%	-369.60%	-573.07%	-604.43%	-620.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Investments	3,634M	3,640M	3,307M	2,994M	2,709M	3,189M	3,293M	3,370M	3,839M	3,694M	3,707M	3,590M	3,428M	3,109M	2,981M	2,777M	2,572M	2,679M	2,439M	2,300M	2,234M	2,193M	2,164M	1,779M	1,974M	1,755M	1,590M	805M	6,259M	6,178M	6,161M	6,154M	6,132M	6,210M	6,221M	275M	232M	173M	0M	0M	0M	0M	0M
Return on Long-Term Investments	71.31%	70.21%	81.81%	80.07%	79.22%	68.96%	77.98%	77.80%	47.59%	88.52%	81.06%	56.07%	79.40%	85.75%	181.28%	60.06%	60.50%	74.65%	78.31%	76.04%	85.77%	68.22%	47.78%	96.46%	74.16%	84.39%	80.57%	114.66%	8.55%	7.45%	6.09%	2.79%	3.90%	11.82%	11.59%	280.45%	307.60%	386.46%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Tax Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	1,179M	1,122M	-673M	-362M	-112M	133M	168M	1,293M	1,216M	1,028M	966M	1,108M	1,188M	557M	-5,707M	-8,738M	363M	272M	460M	179M	84M	304M	316M	272M	912M	775M	916M	1,452M	1,133M	1,109M	1,002M	868M	791M	580M	122M	156M	72M	90M	226M	355M	307M	648M	653M
Return on Other Non-Current Assets	223.71%	232.78%	218.65%	472.48%	426.84%	349.85%	366.18%	202.78%	150.25%	318.09%	311.08%	181.68%	229.12%	478.64%	-94.69%	-19.09%	428.65%	735.29%	415.22%	977.09%	2,280.95%	492.11%	327.22%	630.88%	160.53%	191.10%	139.85%	63.57%	47.22%	41.48%	37.43%	19.82%	30.21%	126.55%	590.98%	494.48%	996.78%	738.72%	342.20%	156.97%	9.69%	85.79%	92.89%
Other Assets	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	38,584M	37,545M	35,573M	33,081M	30,847M	28,562M	26,166M	40,494M	38,381M	36,878M	36,326M	35,644M	35,842M	34,377M	33,562M	32,601M	31,627M	30,463M	29,408M	28,100M	26,787M	25,728M	25,123M	24,298M	24,469M	23,628M	23,211M	22,783M	19,171M	18,657M	18,371M	18,127M	17,879M	17,267M	16,247M	9,960M	9,562M	9,250M	8,956M	9,003M	8,679M	8,776M	8,535M
Return on Total Non-Current Assets	6.70%	6.80%	7.55%	7.18%	6.84%	5.96%	5.81%	6.48%	4.76%	8.87%	8.27%	5.65%	7.59%	7.76%	16.10%	5.12%	4.92%	6.57%	6.49%	6.22%	7.15%	5.81%	4.12%	7.06%	5.98%	6.27%	5.52%	4.05%	2.79%	2.47%	2.04%	0.95%	1.34%	4.25%	4.44%	7.74%	7.45%	7.22%	8.62%	6.19%	0.34%	6.34%	7.10%
Total Assets	41,406M	40,135M	37,970M	35,500M	33,210M	30,716M	28,167M	43,682M	41,652M	38,885M	38,493M	37,962M	37,923M	36,239M	35,711M	34,892M	34,260M	33,241M	32,483M	30,342M	28,538M	28,199M	27,369M	26,297M	26,144M	26,028M	25,861M	24,750M	20,596M	19,956M	19,418M	18,976M	19,250M	18,180M	17,350M	11,416M	10,905M	10,588M	10,520M	10,401M	10,148M	10,523M	10,244M
Return on Total Assets	6.27%	6.38%	7.09%	6.71%	6.36%	5.54%	5.38%	6.00%	4.39%	8.41%	7.81%	5.30%	7.18%	7.36%	15.13%	4.78%	4.54%	6.02%	5.88%	5.76%	6.71%	5.31%	3.78%	6.53%	5.60%	5.69%	4.95%	3.73%	2.60%	2.31%	1.93%	0.91%	1.24%	4.04%	4.16%	6.75%	6.54%	6.31%	7.34%	5.36%	0.29%	5.28%	5.92%
Accounts Payable	898M	819M	771M	773M	860M	873M	840M	985M	997M	712M	850M	552M	710M	828M	822M	650M	602M	748M	685M	777M	499M	1,181M	974M	1,140M	1,139M	1,181M	1,163M	1,012M	948M	908M	848M	925M	818M	600M	624M	594M	733M	704M	654M	655M	698M	792M	819M
Return on Accounts Payable	302.90%	325.38%	350.48%	319.12%	270.38%	226.74%	205.42%	266.19%	183.25%	459.27%	353.53%	364.67%	383.38%	321.98%	657.42%	256.62%	258.47%	267.38%	278.83%	225.10%	383.97%	126.67%	106.16%	150.53%	128.53%	125.40%	110.15%	91.21%	56.43%	50.66%	44.22%	18.59%	29.22%	122.33%	115.54%	129.70%	97.26%	94.84%	118.12%	85.13%	4.25%	70.25%	73.98%
Short-Term Debt	421M	479M	535M	457M	449M	451M	408M	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	131M	117M	263M	231M	409M	267M	98M
Return on Short-Term Debt	15,537.53%	9,500.73%	5,007.17%	3,645.77%	2,818.28%	2,276.08%	1,986.81%	472.43%	45,675.00%	465.15%	543.40%	347.67%	861.39%	455.73%	772.00%	256.62%	222.29%	1,960.78%	350.46%	699.60%	1,277.33%	326.64%	218.14%	354.55%	396.75%	301.63%	407.96%	139.43%	148.61%	128.49%	61.98%	57.91%	47.51%	520.57%	819.32%	770.40%	544.46%	571.26%	293.31%	241.22%	7.27%	208.51%	621.74%
Tax Payables	304M	296M	262M	245M	234M	237M	226M	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	179M	191M	169M	0M	0M	0M	0M	0M
Return on Tax Payables	841.15%	854.82%	1,051.67%	987.57%	920.89%	779.44%	711.67%	778.04%	697.33%	1,048.08%	985.25%	765.40%	1,188.65%	1,045.49%	2,561.14%	680.82%	766.50%	921.66%	848.89%	849.03%	925.60%	751.76%	948.62%	657.47%	721.18%	722.44%	554.55%	439.52%	268.84%	171.00%	120.19%	68.53%	146.63%	486.09%	426.63%	431.11%	373.53%	396.32%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Revenue	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	727M	584M	511M	477M	414M	395M	376M	1,026M	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	342M	142M	281M	296M	234M	314M	290M
Return on Other Current Liabilities	440.57%	536.36%	588.01%	544.93%	565.22%	484.60%	447.58%	255.56%	240.39%	825.76%	823.29%	536.80%	634.50%	579.57%	1,233.79%	382.57%	367.85%	466.20%	429.21%	377.75%	407.66%	613.11%	445.69%	780.00%	617.72%	685.65%	601.41%	291.17%	181.97%	144.65%	151.21%	41.55%	54.32%	326.22%	340.09%	383.28%	208.33%	469.29%	274.64%	188.28%	12.70%	177.38%	209.11%
Total Current Liabilities	2,942M	2,701M	2,551M	2,364M	2,266M	2,218M	2,066M	3,545M	2,632M	2,649M	2,521M	2,160M	2,300M	2,591M	2,545M	2,339M	2,231M	1,780M	2,305M	2,081M	1,701M	2,082M	1,789M	2,105M	1,948M	2,093M	1,921M	2,201M	1,801M	1,853M	2,386M	1,887M	1,924M	1,117M	1,093M	1,190M	1,206M	1,132M	1,198M	1,183M	1,341M	1,372M	1,207M
Return on Total Current Liabilities	88.94%	95.84%	105.39%	101.17%	93.48%	79.63%	75.29%	73.96%	69.41%	123.44%	119.20%	93.19%	118.35%	102.89%	212.34%	71.31%	69.74%	112.36%	82.86%	84.05%	112.64%	71.85%	57.80%	81.52%	75.15%	70.76%	66.68%	41.94%	29.71%	24.82%	15.72%	9.11%	12.42%	65.71%	65.97%	64.72%	59.11%	59.00%	64.45%	47.16%	2.22%	40.54%	50.23%
Long-Term Debt	16,102M	14,739M	12,423M	10,963M	9,801M	9,242M	8,562M	16,651M	17,175M	14,479M	13,287M	12,102M	11,880M	10,560M	9,136M	9,562M	9,393M	8,924M	8,903M	8,432M	7,390M	6,567M	6,679M	6,183M	5,999M	6,109M	6,616M	6,863M	6,800M	7,006M	7,027M	7,339M	7,556M	7,483M	7,398M	1,800M	1,553M	1,548M	1,482M	1,566M	1,300M	1,030M	694M
Return on Long-Term Debt	16.32%	17.64%	22.95%	22.86%	22.70%	19.59%	20.04%	15.75%	10.64%	22.58%	22.62%	16.63%	22.91%	25.25%	59.15%	17.44%	16.57%	22.41%	21.45%	20.74%	25.93%	22.78%	15.48%	27.75%	24.40%	24.24%	19.36%	13.45%	7.87%	6.57%	5.34%	2.34%	3.16%	9.81%	9.75%	42.79%	45.88%	43.15%	52.11%	35.62%	2.28%	53.97%	87.40%
Capital Lease Obligations	358M	384M	246M	164M	123M	98M	82M	272M	392M	410M	413M	433M	538M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	742.53%	684.02%	13,722.60%	9,148.40%	6,861.30%	5,489.04%	4,574.20%	963.97%	466.07%	797.56%	727.60%	464.90%	505.95%	133,300.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	7,303M	7,199M	7,380M	7,571M	7,309M	6,579M	5,897M	7,420M	7,225M	7,265M	7,165M	6,922M	6,815M	6,460M	6,324M	9,140M	9,063M	8,817M	8,542M	7,832M	7,486M	7,088M	6,747M	6,366M	6,431M	6,444M	6,620M	6,550M	3,223M	3,010M	2,781M	2,745M	2,687M	2,545M	2,480M	2,412M	2,299M	2,208M	2,130M	2,655M	2,607M	2,708M	2,703M
Return on Deferred Tax Liabilities	35.21%	35.33%	37.87%	32.85%	30.01%	26.64%	26.52%	35.34%	25.29%	45.01%	41.94%	29.08%	39.94%	41.27%	85.45%	18.25%	17.17%	22.68%	22.36%	22.33%	25.59%	21.11%	15.33%	26.96%	22.76%	22.98%	19.35%	14.09%	16.60%	15.28%	13.48%	6.27%	8.89%	28.84%	29.07%	31.95%	31.00%	30.24%	36.25%	21.01%	1.14%	20.53%	22.43%
Other Non-Current Liabilities	1,343M	1,231M	1,150M	1,310M	1,435M	1,416M	1,345M	1,569M	1,552M	909M	1,014M	1,109M	1,023M	986M	1,067M	1,162M	1,105M	1,032M	1,311M	2,104M	1,917M	1,793M	1,801M	2,030M	2,039M	1,767M	1,415M	1,146M	1,796M	1,542M	1,089M	1,131M	1,101M	1,065M	885M	927M	966M	962M	1,035M	710M	751M	433M	403M
Return on Other Non-Current Liabilities	214.86%	224.49%	244.97%	203.72%	172.19%	145.34%	132.09%	167.11%	117.72%	359.74%	296.35%	181.51%	266.08%	270.39%	506.47%	143.55%	140.81%	193.80%	145.69%	83.13%	99.95%	83.44%	57.41%	84.53%	71.80%	83.81%	90.53%	80.54%	29.79%	29.83%	34.44%	15.21%	21.71%	68.92%	81.47%	83.11%	73.82%	69.43%	74.56%	78.52%	3.96%	128.49%	150.35%
Total Non-Current Liabilities	25,191M	23,783M	21,443M	20,217M	18,826M	17,462M	15,992M	25,831M	26,239M	23,503M	22,331M	21,011M	20,439M	18,286M	16,807M	20,144M	19,841M	19,053M	18,889M	18,501M	16,926M	15,448M	15,227M	14,595M	14,469M	14,320M	14,651M	14,559M	11,810M	11,558M	10,897M	11,215M	11,344M	11,093M	10,763M	5,199M	4,818M	4,718M	4,647M	4,931M	4,657M	4,172M	3,800M
Return on Total Non-Current Liabilities	10.34%	10.81%	13.02%	12.09%	11.45%	9.96%	9.80%	10.15%	6.96%	13.91%	13.46%	9.58%	13.32%	14.58%	32.15%	8.28%	7.84%	10.50%	10.11%	9.45%	11.32%	9.68%	6.79%	11.76%	10.12%	10.34%	8.74%	6.34%	4.53%	3.98%	3.44%	1.53%	2.11%	6.62%	6.70%	14.82%	14.79%	14.16%	16.61%	11.31%	0.64%	13.33%	15.95%
Total Liabilities	28,133M	26,484M	23,995M	22,581M	21,091M	19,680M	18,058M	29,376M	28,871M	26,152M	24,852M	23,171M	22,739M	20,877M	19,352M	22,483M	22,072M	20,833M	21,194M	20,582M	18,627M	17,530M	17,016M	16,700M	16,417M	16,413M	16,572M	16,760M	13,611M	13,411M	13,283M	13,102M	13,268M	12,210M	11,856M	6,389M	6,024M	5,850M	5,845M	6,114M	5,998M	5,543M	5,007M
Return on Total Liabilities	9.25%	9.71%	11.57%	10.77%	10.18%	8.83%	8.61%	8.93%	6.33%	12.50%	12.09%	8.69%	11.97%	12.77%	27.92%	7.42%	7.05%	9.60%	9.01%	8.50%	10.29%	8.53%	6.08%	10.28%	8.92%	9.02%	7.73%	5.51%	3.93%	3.43%	2.82%	1.31%	1.80%	6.01%	6.08%	12.06%	11.83%	11.42%	13.21%	9.12%	0.50%	10.03%	12.11%
Preferred Stock	0M	0M	0M	0M	0M	3M	2M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	65M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock	0.00%	0.00%	0.00%	0.00%	0.00%	28.31%	23.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	707.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	228M	236M	259M	281M	309M	329M	323M	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	132M	136M	140M	0M	0M	0M	0M	0M
Return on Common Stock	1,125.53%	1,082.17%	1,044.07%	883.48%	751.74%	625.22%	571.94%	1,150.00%	804.85%	1,421.74%	1,241.74%	792.52%	1,050.97%	991.08%	1,896.14%	571.23%	520.40%	645.16%	616.13%	555.24%	577.11%	417.88%	279.46%	466.30%	385.26%	354.31%	297.22%	219.24%	129.85%	112.20%	92.14%	42.47%	59.16%	183.04%	180.70%	581.87%	522.89%	475.64%	0.00%	0.00%	0.00%	0.00%	0.00%
Retained Earnings	11,162M	11,591M	11,939M	11,043M	10,386M	9,472M	8,692M	12,093M	10,695M	10,697M	11,586M	12,883M	13,207M	13,440M	14,176M	10,425M	10,191M	10,348M	9,339M	8,643M	8,693M	9,224M	9,027M	8,501M	8,280M	8,283M	7,980M	6,893M	6,112M	5,694M	5,335M	5,053M	5,187M	5,252M	4,826M	4,404M	4,282M	4,155M	4,079M	3,698M	3,563M	4,351M	4,567M
Return on Retained Earnings	23.11%	22.18%	22.07%	21.27%	20.11%	17.72%	17.02%	21.68%	17.08%	30.57%	25.94%	15.63%	20.61%	19.84%	38.12%	16.00%	15.27%	19.33%	20.45%	20.24%	22.04%	16.22%	11.45%	20.19%	17.68%	17.88%	16.05%	13.39%	8.75%	8.08%	7.03%	3.40%	4.61%	13.98%	14.94%	17.49%	16.64%	16.07%	18.93%	15.08%	0.83%	12.78%	13.27%
Accumulated OCI	-311M	-386M	-427M	-533M	-532M	-433M	-800M	-262M	-320M	-351M	-402M	-594M	-491M	-563M	-356M	-487M	-445M	-398M	-381M	-1,109M	-1,026M	-805M	-853M	-952M	-399M	-369M	-77M	-24M	-44M	-65M	-55M	-6M	-11M	-8M	-4,435M	-4,399M	-4,326M	-4,223M	0M	0M	0M	0M	0M
Return on Accumulated OCI	-834.44%	-717.95%	-682.78%	-557.46%	-554.76%	-816.53%	-1,060.37%	-1,000.76%	-570.94%	-931.62%	-747.51%	-338.89%	-554.38%	-473.53%	-1,517.98%	-342.51%	-349.66%	-502.51%	-501.31%	-157.71%	-186.74%	-185.84%	-121.22%	-180.25%	-366.92%	-401.36%	-1,663.64%	-3,845.83%	-1,215.91%	-707.69%	-681.82%	-2,866.67%	-2,172.73%	-9,175.00%	-16.26%	-17.51%	-16.47%	-15.81%	0.00%	0.00%	0.00%	0.00%	0.00%
Minority Interest	0M	0M	0M	0M	0M	6M	13M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	9M	45M	45M	50M	50M	49M	49M	50M	52M	54M	55M	54M	57M	68M	69M
Return on Minority Interest	0.00%	0.00%	0.00%	0.00%	0.00%	325.76%	483.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5,944.44%	1,022.22%	833.33%	344.00%	478.00%	1,497.96%	1,471.43%	1,556.36%	1,365.33%	1,248.22%	1,416.51%	1,025.18%	52.57%	821.42%	877.28%
Total Shareholders’ Equity	13,273M	13,650M	13,975M	12,919M	12,119M	11,030M	10,095M	14,306M	12,781M	12,733M	13,641M	14,791M	15,184M	15,362M	16,359M	12,409M	12,188M	12,408M	11,289M	9,760M	9,911M	10,669M	10,353M	9,597M	9,727M	9,615M	9,289M	7,990M	6,976M	6,500M	6,090M	5,824M	5,932M	5,921M	5,445M	4,978M	4,829M	4,685M	4,621M	4,233M	4,093M	4,912M	5,169M
Return on Total Shareholders’ Equity	19.43%	18.79%	18.85%	18.19%	17.24%	15.21%	14.67%	18.33%	14.29%	25.68%	22.03%	13.61%	17.93%	17.35%	33.03%	13.44%	12.77%	16.12%	16.92%	17.92%	19.33%	14.02%	9.99%	17.88%	15.05%	15.40%	13.79%	11.55%	7.67%	7.08%	6.16%	2.95%	4.03%	12.40%	13.24%	15.48%	14.76%	14.25%	16.71%	13.18%	0.73%	11.32%	11.73%
Total Equity	13,273M	13,650M	13,975M	12,919M	12,119M	11,036M	10,109M	14,306M	12,781M	12,733M	13,641M	14,791M	15,184M	15,362M	16,359M	12,409M	12,188M	12,408M	11,289M	9,760M	9,911M	10,669M	10,353M	9,597M	9,727M	9,615M	9,289M	7,990M	6,985M	6,545M	6,135M	5,874M	5,982M	5,970M	5,494M	5,027M	4,881M	4,738M	4,675M	4,287M	4,150M	4,980M	5,238M
Return on Total Equity	19.43%	18.79%	18.85%	18.19%	17.24%	15.21%	14.65%	18.33%	14.29%	25.68%	22.03%	13.61%	17.93%	17.35%	33.03%	13.44%	12.77%	16.12%	16.92%	17.92%	19.33%	14.02%	9.99%	17.88%	15.05%	15.40%	13.79%	11.55%	7.66%	7.03%	6.11%	2.93%	4.00%	12.29%	13.12%	15.32%	14.60%	14.09%	16.51%	13.01%	0.72%	11.17%	11.57%
Total Liabilities & Equity	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Total Liabilities & Equity	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Investments	3,634M	3,640M	3,307M	3,024M	2,803M	3,269M	3,381M	3,370M	3,839M	3,694M	3,707M	3,590M	3,428M	3,109M	2,981M	2,777M	2,572M	2,679M	2,557M	2,315M	2,259M	2,476M	2,254M	1,779M	1,974M	2,146M	2,558M	895M	6,259M	6,178M	6,161M	6,156M	6,146M	6,268M	6,346M	469M	493M	423M	0M	0M	0M	0M	0M
Return on Total Investments	71.31%	70.21%	81.81%	79.21%	76.19%	66.07%	66.25%	77.80%	47.59%	88.52%	81.06%	56.07%	79.40%	85.75%	181.28%	60.06%	60.50%	74.65%	74.70%	75.55%	84.82%	60.42%	45.87%	96.46%	74.16%	69.01%	50.08%	103.13%	8.55%	7.45%	6.09%	2.79%	3.89%	11.71%	11.36%	164.30%	144.56%	158.06%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	15,659M	14,478M	12,272M	10,685M	9,568M	9,097M	8,461M	15,837M	16,003M	15,136M	13,414M	11,999M	12,154M	10,787M	9,146M	9,256M	8,992M	8,053M	8,005M	8,029M	7,264M	6,198M	6,157M	6,049M	6,162M	6,073M	6,641M	6,946M	6,876M	7,180M	7,428M	7,636M	8,022M	7,619M	7,452M	1,691M	1,617M	1,608M	1,664M	1,685M	1,551M	907M	575M
Return on Net Debt	16.53%	17.75%	23.03%	23.42%	23.19%	19.95%	20.35%	16.56%	11.42%	21.60%	22.40%	16.78%	22.40%	24.71%	59.09%	18.02%	17.30%	24.84%	23.86%	21.78%	26.38%	24.14%	16.79%	28.37%	23.76%	24.39%	19.29%	13.29%	7.78%	6.41%	5.05%	2.25%	2.98%	9.63%	9.68%	45.56%	44.09%	41.54%	46.39%	33.09%	1.92%	61.28%	105.46%

Capital Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	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	2,573M	2,547M	2,675M	2,388M	2,140M	1,811M	1,615M	2,622M	1,827M	3,270M	3,005M	2,013M	2,722M	2,666M	5,404M	1,668M	1,556M	2,000M	1,910M	1,749M	1,916M	1,496M	1,034M	1,716M	1,464M	1,481M	1,281M	923M	535M	460M	375M	172M	239M	734M	721M	770M	713M	668M	772M	558M	30M	556M	606M
Working Capital	-120M	-111M	-155M	55M	97M	-64M	-65M	-357M	639M	-642M	-354M	158M	-219M	-729M	-396M	-48M	402M	998M	770M	161M	50M	389M	457M	-106M	-273M	307M	729M	-234M	-376M	-554M	-1,339M	-1,038M	-553M	-204M	10M	267M	137M	206M	366M	215M	129M	375M	503M
Return on Working Capital	-319.29%	-106.54%	-659.39%	-56.17%	-105.66%	-111.11%	161.29%	-734.45%	285.92%	-509.35%	-848.87%	1,274.05%	-1,242.92%	-365.71%	-1,364.65%	-3,475.00%	387.06%	200.40%	248.05%	1,086.34%	3,832.00%	384.58%	226.26%	-1,618.87%	-536.26%	482.41%	175.72%	-394.44%	-142.29%	-83.03%	-28.01%	-16.57%	-43.22%	-359.80%	7,210.00%	289.08%	520.22%	324.65%	211.16%	259.76%	23.11%	148.29%	120.54%
Total Capital	30,154M	29,252M	27,178M	24,503M	22,492M	20,821M	19,146M	31,784M	30,352M	28,325M	27,894M	27,905M	27,918M	26,507M	26,195M	22,621M	22,281M	21,434M	20,737M	18,442M	17,451M	17,694M	17,506M	16,264M	16,095M	16,215M	16,219M	15,515M	14,136M	13,864M	13,722M	13,460M	13,991M	13,545M	12,931M	6,878M	6,513M	6,350M	6,365M	6,030M	5,802M	6,209M	5,960M
Return on Total Capital	8.60%	8.76%	9.86%	9.74%	9.43%	8.23%	8.02%	8.25%	6.02%	11.54%	10.77%	7.21%	9.75%	10.06%	20.63%	7.37%	6.98%	9.33%	9.21%	9.48%	10.98%	8.45%	5.91%	10.55%	9.10%	9.13%	7.90%	5.95%	3.78%	3.32%	2.73%	1.28%	1.71%	5.42%	5.58%	11.20%	10.94%	10.52%	12.13%	9.25%	0.51%	8.96%	10.17%
Capital Employed	38,464M	37,433M	35,419M	33,136M	30,944M	28,498M	26,101M	40,137M	39,020M	36,236M	35,972M	35,802M	35,623M	33,648M	33,166M	32,553M	32,029M	31,461M	30,178M	28,261M	26,837M	26,117M	25,580M	24,192M	24,196M	23,935M	23,940M	22,549M	18,795M	18,103M	17,032M	17,089M	17,326M	17,063M	16,257M	10,226M	9,699M	9,456M	9,322M	9,218M	8,807M	9,151M	9,038M
Return on Capital Employed	6.75%	6.84%	7.61%	7.19%	6.83%	5.97%	5.81%	6.53%	4.68%	9.02%	8.35%	5.62%	7.64%	7.92%	16.29%	5.12%	4.86%	6.36%	6.33%	6.19%	7.14%	5.73%	4.04%	7.09%	6.05%	6.19%	5.35%	4.09%	2.85%	2.54%	2.20%	1.01%	1.38%	4.30%	4.44%	7.53%	7.35%	7.06%	8.28%	6.05%	0.34%	6.08%	6.71%
Invested Capital	28,932M	28,128M	26,248M	23,604M	21,686M	20,127M	18,556M	30,143M	28,784M	27,869M	27,055M	26,790M	27,338M	26,149M	25,505M	21,665M	21,180M	20,461M	19,294M	17,789M	17,175M	16,867M	16,510M	15,646M	15,889M	15,688M	15,930M	14,936M	13,852M	13,680M	13,518M	13,460M	13,954M	13,540M	12,897M	6,669M	6,446M	6,293M	6,285M	5,918M	5,644M	5,819M	5,743M
Return on Invested Capital	8.93%	9.08%	10.18%	10.09%	9.76%	8.51%	8.27%	8.70%	6.35%	11.73%	11.11%	7.51%	9.96%	10.20%	21.19%	7.70%	7.35%	9.77%	9.90%	9.83%	11.16%	8.87%	6.26%	10.97%	9.21%	9.44%	8.04%	6.18%	3.86%	3.36%	2.77%	1.28%	1.71%	5.42%	5.59%	11.55%	11.06%	10.61%	12.28%	9.42%	0.53%	9.56%	10.55%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	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	2,573M	2,547M	2,675M	2,388M	2,140M	1,811M	1,615M	2,962M	2,416M	2,622M	1,827M	3,270M	3,005M	2,013M	2,722M	2,666M	5,404M	1,668M	1,556M	2,000M	1,910M	1,749M	1,916M	1,496M	1,034M	1,716M	1,464M	1,481M	1,281M	923M	535M	460M	375M	172M	239M	734M	721M	770M	713M	668M	772M	558M	30M	556M	606M
Depreciation & Amortization	1,291M	1,241M	1,160M	1,073M	1,004M	911M	833M	1,382M	1,341M	1,353M	1,298M	1,221M	1,181M	1,154M	1,139M	1,104M	1,059M	1,030M	1,059M	956M	922M	922M	869M	826M	845M	815M	786M	750M	787M	609M	528M	529M	527M	517M	489M	450M	432M	429M	414M	404M	-406M	-397M	-381M	-373M	-347M
Return on Depreciation & Amortization	200.79%	206.25%	233.09%	222.57%	210.90%	186.49%	179.77%	214.33%	180.16%	193.79%	140.76%	267.81%	254.45%	174.44%	238.98%	241.49%	510.29%	161.94%	146.93%	209.21%	207.16%	189.70%	220.48%	181.11%	122.37%	210.55%	186.26%	197.47%	162.77%	151.56%	101.33%	86.96%	71.16%	33.27%	48.88%	163.11%	166.90%	179.50%	172.36%	165.38%	-190.38%	-140.62%	-7.79%	-149.09%	-174.70%
Deferred Income Tax	70M	107M	-127M	33M	66M	75M	77M	350M	145M	176M	-49M	83M	184M	142M	330M	173M	-2,859M	227M	320M	294M	262M	366M	527M	312M	338M	290M	125M	-8M	80M	200M	132M	178M	44M	2M	85M	114M	75M	97M	67M	113M	56M	64M	-124M	-3M	100M
Return on Deferred Income Tax	566.99%	950.34%	814.96%	725.32%	-198.13%	264.60%	345.44%	846.29%	1,666.21%	1,489.77%	-3,728.57%	3,939.76%	1,633.15%	1,417.61%	824.85%	1,541.04%	-189.02%	734.80%	486.25%	680.27%	729.01%	477.87%	363.57%	479.49%	305.92%	591.72%	1,171.20%	-18,512.50%	1,601.25%	461.50%	405.30%	258.43%	852.27%	8,600.00%	281.18%	643.86%	961.33%	793.41%	1,068.52%	592.55%	1,373.67%	870.05%	-23.93%	-19,860.71%	604.39%
Stock-Based Compensation	18M	16M	8M	8M	6M	5M	4M	0M	0M	0M	0M	53M	0M	28M	0M	0M	0M	0M	0M	0M	0M	45M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	2,056.60%	2,671.82%	1,335.91%	1,149.72%	862.29%	689.83%	574.86%	0.00%	0.00%	0.00%	0.00%	6,169.81%	0.00%	7,189.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3,886.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	264M	214M	153M	93M	64M	81M	70M	-103M	582M	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	-17M	146M	19M	-27M	95M	-60M	92M	102M
Return on Change in Working Capital	-236.96%	574.00%	1,432.60%	3,282.43%	3,059.50%	2,487.91%	1,930.63%	-2,875.73%	415.12%	419.52%	496.47%	-1,626.87%	2,044.22%	1,536.64%	-1,958.27%	2,185.25%	9,317.24%	546.89%	1,364.91%	-796.81%	2,448.72%	34,980.00%	-3,615.09%	1,893.67%	-517.00%	-9,031.58%	16,266.67%	2,388.71%	2,846.67%	1,125.61%	622.09%	-547.62%	-213.07%	20.67%	-497.92%	-1,468.00%	1,676.74%	-4,479.07%	489.49%	3,533.33%	-2,913.21%	590.16%	-49.50%	603.15%	593.73%
Accounts Receivable	-29M	-30M	-4M	-21M	-5M	-1M	-10M	188M	-93M	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	-1M	28M	-13M	18M	-24M	128M	35M	78M
Return on Accounts Receivable	-30,059.19%	-17,920.35%	-9,478.24%	-7,083.98%	-5,146.58%	-4,375.17%	-6,804.26%	1,575.53%	-2,597.85%	3,084.71%	-91,350.00%	-1,912.28%	-2,259.40%	2,835.21%	3,128.74%	-3,808.57%	-13,180.49%	7,252.17%	1,427.52%	-6,451.61%	2,247.06%	-2,732.81%	-891.16%	-3,648.78%	1,641.27%	637.92%	4,880.00%	-2,468.33%	-1,362.77%	-1,300.00%	-4,458.33%	-221.15%	-506.76%	38.57%	-74.22%	2,224.24%	-3,134.78%	-96,300.00%	2,536.30%	-5,176.74%	4,265.19%	-2,353.16%	23.24%	1,584.33%	775.19%
Inventory	-20M	-7M	-1M	-6M	-7M	-6M	-6M	4M	15M	-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	-1M	0M	8M	10M	-11M	11M	-16M	2M
Return on Inventory	-15,373.73%	12,559.53%	8,818.00%	-945.74%	-1,924.92%	-106.02%	8,149.13%	74,050.00%	16,106.67%	-20,169.23%	-16,609.09%	-9,342.86%	100,166.67%	8,752.17%	-7,356.76%	17,773.33%	15,440.00%	3,971.43%	-4,445.71%	-15,384.62%	-27,285.71%	-24,985.71%	-4,790.00%	-29,920.00%	3,446.67%	-9,533.33%	-5,856.00%	-7,794.74%	-4,575.00%	-7,691.67%	10,700.00%	-6,571.43%	37,500.00%	1,911.11%	-597.50%	-73,400.00%	24,033.33%	-59,261.54%	356,350.00%	7,950.00%	7,877.55%	-5,311.43%	282.86%	-3,454.04%	37,887.50%
Accounts Payable	126M	76M	38M	31M	29M	40M	37M	0M	2M	0M	379M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	82M	0M	0M	0M	21M	27M	75M	108M	-29M	36M	19M	280M	209M	-89M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	160.69%	96.41%	48.21%	187.91%	849.16%	772.24%	619.85%	0.00%	120,800.00%	0.00%	482.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2,336.59%	0.00%	0.00%	0.00%	6,971.43%	5,485.19%	1,708.00%	854.63%	-1,844.83%	1,277.78%	1,973.68%	61.43%	114.35%	-824.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	187M	175M	121M	85M	49M	19M	32M	-295M	658M	553M	2M	5M	277M	37M	-189M	177M	64M	240M	40M	-207M	0M	76M	82M	125M	-293M	-270M	-17M	114M	167M	165M	122M	-35M	-122M	-638M	105M	162M	107M	-15M	117M	23M	-54M	129M	-198M	73M	22M
Return on Other Working Capital	52,408.05%	32,749.90%	17,684.43%	12,114.19%	8,708.94%	6,941.12%	5,679.61%	-1,004.07%	367.17%	474.14%	91,350.00%	65,400.00%	1,084.84%	5,440.54%	-1,440.21%	1,506.21%	8,443.75%	695.00%	3,890.00%	-966.18%	0.00%	2,301.32%	2,336.59%	1,196.80%	-352.90%	-635.56%	-8,611.76%	1,299.12%	767.07%	559.39%	438.52%	-1,314.29%	-307.38%	-26.96%	227.62%	453.09%	673.83%	-5,101.99%	607.59%	2,853.85%	-1,419.12%	433.33%	-14.98%	759.70%	2,718.39%
Other Non-Cash Items	-398M	-257M	-247M	-180M	-158M	-144M	-135M	-344M	-709M	-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	-75M	-101M	-59M	478M	639M	1,298M	722M	646M
Return on Other Non-Cash Items	-884.84%	-522.07%	-926.52%	8,132.30%	5,655.86%	4,463.06%	3,587.50%	-861.05%	-340.76%	-362.15%	-689.43%	-1,602.94%	-1,146.95%	1,191.12%	-1,701.25%	-786.43%	-1,321.27%	-851.02%	-1,994.87%	-2,380.95%	-2,031.91%	-7,950.00%	-5,987.50%	149,600.00%	-693.96%	-1,972.41%	-2,870.59%	-1,874.68%	-1,455.68%	-603.27%	-246.54%	901.96%	-364.08%	-1,228.57%	-995.83%	-492.62%	-728.28%	-1,029.95%	-704.95%	-1,133.79%	161.37%	87.35%	2.29%	77.00%	93.90%
Net Cash from Operating Activities	3,818M	3,869M	3,613M	3,404M	3,114M	2,712M	2,427M	4,249M	3,774M	4,052M	3,179M	4,222M	4,255M	3,637M	3,892M	3,726M	3,253M	3,034M	2,877M	2,852M	3,078M	3,065M	3,227M	2,714M	1,860M	2,715M	2,333M	2,206M	2,105M	1,661M	1,054M	803M	654M	1,342M	533M	890M	1,150M	1,205M	1,237M	1,144M	875M	958M	762M	995M	1,107M
Return on Net Cash from Operating Activities	66.54%	65.12%	74.23%	69.73%	67.78%	63.57%	63.36%	69.71%	64.02%	64.71%	57.47%	77.45%	70.62%	55.35%	69.94%	71.55%	166.12%	54.98%	54.08%	70.13%	62.05%	57.06%	59.37%	55.12%	55.59%	63.20%	62.75%	67.14%	60.86%	55.57%	50.76%	57.29%	57.34%	12.82%	44.84%	82.47%	62.70%	63.95%	57.60%	58.36%	88.27%	58.20%	3.90%	55.91%	54.75%
Capital Expenditures (PPE)	-2,774M	-2,257M	-2,125M	-2,081M	-1,881M	-1,662M	-1,521M	-2,150M	-4,202M	-4,024M	-2,349M	-1,948M	-1,470M	-1,494M	-2,019M	-1,951M	-1,723M	-1,887M	-2,385M	-2,118M	-1,971M	-2,241M	-2,160M	-1,470M	-1,299M	-1,558M	-1,341M	-1,178M	-1,025M	-1,041M	-720M	-689M	-746M	-731M	-912M	-956M	-875M	-688M	-659M	-713M	-669M	-716M	-659M	-670M	-652M
Return on Capital Expenditures (PPE)	-103.60%	-129.99%	-138.87%	-123.24%	-119.91%	-108.07%	-103.57%	-137.77%	-57.50%	-65.16%	-77.78%	-167.86%	-204.42%	-134.74%	-134.82%	-136.65%	-313.64%	-88.39%	-65.24%	-94.43%	-96.91%	-78.05%	-88.70%	-101.77%	-79.60%	-110.14%	-109.17%	-125.72%	-124.98%	-88.66%	-74.31%	-66.76%	-50.27%	-23.53%	-26.21%	-76.78%	-82.40%	-111.94%	-108.17%	-93.67%	-115.36%	-77.88%	-4.50%	-83.04%	-93.03%
Acquisitions (Net)	274M	196M	162M	108M	276M	397M	440M	32M	2,543M	558M	0M	263M	159M	1M	104M	204M	202M	130M	0M	0M	0M	0M	0M	0M	0M	0M	1,465M	1,297M	1,135M	1,116M	798M	720M	902M	868M	1,016M	1,039M	949M	131M	130M	86M	0M	0M	67M	114M	0M
Return on Acquisitions (Net)	571.08%	40,980.64%	21,278.57%	14,185.71%	10,655.63%	8,535.51%	7,156.53%	9,256.25%	95.01%	469.89%	0.00%	1,243.35%	1,889.94%	201,300.00%	2,617.31%	1,306.86%	2,675.25%	1,283.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	99.93%	114.19%	112.86%	82.71%	67.04%	63.89%	41.57%	19.82%	23.52%	70.64%	75.97%	587.64%	550.35%	775.61%	0.00%	0.00%	44.20%	487.81%	0.00%
Purchases of Investments	-152M	-96M	-75M	-109M	-313M	-274M	-247M	-616M	-322M	-319M	-124M	-12M	-10M	-14M	-122M	-10M	-7M	-123M	-5M	-104M	-130M	-23M	-135M	-504M	-266M	-86M	-635M	-1,804M	-1,822M	-228M	-106M	-78M	-99M	-77M	-123M	-116M	-185M	-82M	-75M	-133M	0M	0M	-94M	-103M	0M
Return on Purchases of Investments	-9,848.44%	-14,794.78%	-21,254.11%	-15,016.93%	-11,401.05%	-9,204.89%	-7,774.13%	-480.84%	-750.31%	-821.94%	-1,473.39%	-27,250.00%	-30,050.00%	-14,378.57%	-2,231.15%	-26,660.00%	-77,200.00%	-1,356.10%	-31,120.00%	-1,923.08%	-1,469.23%	-7,604.35%	-1,419.26%	-296.83%	-388.72%	-1,995.35%	-230.55%	-82.10%	-70.31%	-404.82%	-504.72%	-589.74%	-378.79%	-223.38%	-194.31%	-632.76%	-389.73%	-939.51%	-945.23%	-501.73%	0.00%	0.00%	-31.73%	-542.54%	0.00%
Sales / Maturities of Investments	435M	280M	173M	189M	355M	300M	284M	708M	394M	1,005M	205M	94M	99M	-1M	-104M	99M	47M	48M	240M	106M	63M	78M	439M	421M	30M	307M	827M	2,179M	910M	61M	108M	63M	88M	90M	343M	155M	217M	185M	104M	331M	89M	40M	212M	92M	46M
Return on Sales / Maturities of Investments	1,543.61%	-38,726.76%	-17,793.70%	-11,332.29%	-8,279.65%	-6,489.48%	-5,342.03%	418.36%	613.20%	260.90%	891.22%	3,478.72%	3,035.35%	-201,300.00%	-2,617.31%	2,692.93%	11,497.87%	3,475.00%	648.33%	1,886.79%	3,031.75%	2,242.31%	436.45%	355.34%	3,446.67%	558.96%	177.03%	67.97%	140.77%	1,513.11%	495.37%	730.16%	426.14%	191.11%	69.68%	473.55%	332.26%	415.53%	685.29%	201.94%	871.33%	1,387.31%	13.98%	605.11%	1,314.97%
Other Investing Activities	29M	84M	86M	99M	-93M	-232M	-475M	119M	-1,992M	0M	86M	0M	0M	333M	377M	0M	0M	0M	63M	114M	144M	192M	84M	97M	84M	109M	-1,341M	-1,178M	-1,025M	-1,041M	-720M	-689M	-746M	-731M	-915M	-789M	-6,616M	-82M	-67M	-59M	111M	1M	-71M	130M	60M
Return on Other Investing Activities	708.14%	545.78%	592.08%	915.71%	809.06%	635.10%	458.20%	2,489.08%	-121.29%	0.00%	2,124.42%	0.00%	0.00%	604.50%	722.02%	0.00%	0.00%	0.00%	2,469.84%	1,754.39%	1,326.39%	910.94%	2,280.95%	1,542.27%	1,230.95%	1,574.31%	-109.17%	-125.72%	-124.98%	-88.66%	-74.31%	-66.76%	-50.27%	-23.53%	-26.12%	-93.03%	-10.90%	-939.51%	-1,062.15%	-1,137.65%	698.64%	69,712.50%	-41.60%	428.76%	1,010.33%
Net Cash from Investing Activities	-2,188M	-1,792M	-1,778M	-1,793M	-1,656M	-1,470M	-1,521M	-1,907M	-3,579M	-2,780M	-2,182M	-1,603M	-1,222M	-1,175M	-1,764M	-1,658M	-1,481M	-1,832M	-2,087M	-2,002M	-1,894M	-1,994M	-1,772M	-1,456M	-1,451M	-1,228M	-1,025M	-684M	-1,827M	-1,133M	-640M	-673M	-601M	-581M	-591M	-667M	-6,510M	-536M	-568M	-488M	-470M	-675M	-545M	-437M	-546M
Return on Net Cash from Investing Activities	-127.35%	-159.85%	-164.49%	-142.95%	-139.23%	-124.40%	-118.03%	-155.32%	-67.50%	-94.32%	-83.73%	-203.99%	-245.91%	-171.32%	-154.31%	-160.80%	-364.89%	-91.05%	-74.56%	-99.90%	-100.84%	-87.71%	-108.13%	-102.75%	-71.26%	-139.74%	-142.83%	-216.52%	-70.11%	-81.47%	-83.59%	-68.35%	-62.40%	-29.60%	-40.44%	-110.04%	-11.08%	-143.81%	-125.50%	-136.87%	-164.22%	-82.61%	-5.45%	-127.37%	-111.13%
Net Debt Issuance	1,078M	946M	777M	637M	460M	337M	429M	-158M	586M	-4M	1,959M	1,279M	1,092M	403M	1,004M	1,273M	-412M	94M	1,083M	-445M	739M	1,129M	501M	-139M	403M	280M	-239M	-339M	-456M	-253M	-167M	-91M	230M	-494M	380M	17M	3,996M	116M	-66M	-82M	-54M	88M	412M	429M	11M
Return on Net Debt Issuance	-21,733.69%	-12,885.28%	-6,333.93%	-4,271.28%	-3,226.51%	-2,623.70%	-2,053.66%	-1,874.68%	412.29%	-65,550.00%	93.26%	255.67%	275.18%	499.50%	271.12%	209.43%	-1,311.65%	1,774.47%	143.67%	-449.44%	258.46%	154.92%	382.44%	-1,076.26%	256.58%	612.86%	-612.55%	-436.87%	-280.92%	-364.82%	-320.36%	-505.49%	163.04%	-34.82%	62.89%	4,317.65%	18.04%	664.14%	-1,079.85%	-812.41%	-1,437.62%	637.37%	7.21%	129.66%	5,665.42%
Long-Term Debt Issuance	1,078M	946M	777M	637M	460M	337M	429M	-158M	586M	-4M	1,959M	1,279M	1,092M	403M	1,004M	1,273M	-412M	94M	1,083M	-445M	739M	1,129M	501M	-139M	403M	280M	-239M	-339M	-456M	-253M	-167M	-91M	230M	-494M	380M	17M	3,996M	116M	-66M	-82M	-54M	88M	412M	429M	11M
Return on Long-Term Debt Issuance	-21,733.69%	-12,885.28%	-6,333.93%	-4,271.28%	-3,226.51%	-2,623.70%	-2,053.66%	-1,874.68%	412.29%	-65,550.00%	93.26%	255.67%	275.18%	499.50%	271.12%	209.43%	-1,311.65%	1,774.47%	143.67%	-449.44%	258.46%	154.92%	382.44%	-1,076.26%	256.58%	612.86%	-612.55%	-436.87%	-280.92%	-364.82%	-320.36%	-505.49%	163.04%	-34.82%	62.89%	4,317.65%	18.04%	664.14%	-1,079.85%	-812.41%	-1,437.62%	637.37%	7.21%	129.66%	5,665.42%
Short-Term Debt Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-1,237M	-1,691M	-1,600M	-1,372M	-1,145M	-907M	-763M	-522M	-92M	26M	-622M	-3,114M	-3,373M	-1,370M	-2,072M	-2,741M	-923M	-746M	-1,063M	-188M	-496M	-1,199M	-1,931M	-774M	66M	-899M	-1,013M	-667M	194M	162M	13M	42M	14M	2M	14M	34M	24M	29M	-319M	-335M	-122M	-162M	-622M	-565M	-341M
Return on Net Stock Issuance	3,228.63%	1,889.97%	826.58%	425.23%	402.40%	1,004.28%	1,147.01%	-567.43%	-2,626.09%	10,084.62%	-293.73%	-105.01%	-89.09%	-146.93%	-131.37%	-97.26%	-585.48%	-223.59%	-146.38%	-1,063.83%	-385.08%	-145.87%	-99.22%	-193.28%	1,566.67%	-190.88%	-144.52%	-222.04%	660.31%	569.75%	4,115.38%	1,095.24%	2,678.57%	8,600.00%	1,707.14%	2,158.82%	3,004.17%	2,656.55%	-223.42%	-199.34%	-630.72%	-344.26%	-4.77%	-98.37%	-177.82%
Common Stock Issuance	9M	22M	34M	60M	93M	84M	87M	12M	15M	26M	0M	0M	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	10M	16M	15M	13M	11M	23M
Return on Common Stock Issuance	3,361.54%	6,135.70%	6,938.99%	5,175.27%	4,095.20%	3,958.52%	3,658.95%	24,683.33%	16,106.67%	10,084.62%	0.00%	0.00%	17,676.47%	2,917.39%	10,081.48%	6,665.00%	6,071.91%	2,926.32%	12,966.67%	1,538.46%	1,458.02%	1,965.17%	1,596.67%	1,680.90%	1,566.67%	749.34%	800.00%	498.65%	660.31%	569.75%	4,115.38%	1,095.24%	2,678.57%	8,600.00%	1,707.14%	2,158.82%	3,004.17%	184.31%	3,751.05%	6,814.29%	4,917.20%	3,669.08%	230.23%	5,055.45%	2,694.22%
Common Stock Repurchased	-1,244M	-1,712M	-1,633M	-1,432M	-1,238M	-991M	-850M	-534M	-107M	0M	-619M	-3,114M	-3,390M	-1,439M	-2,099M	-2,781M	-1,012M	-803M	-1,075M	-318M	-627M	-1,288M	-2,051M	-863M	0M	-1,128M	-1,196M	-964M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-389M	-338M	-345M	-138M	-177M	-635M	-576M	-363M
Return on Common Stock Repurchased	-133.39%	-125.74%	-174.07%	-205.12%	-175.25%	-140.20%	-130.46%	-554.68%	-2,257.94%	0.00%	-295.15%	-105.01%	-88.64%	-139.89%	-129.68%	-95.86%	-533.99%	-207.72%	-144.74%	-628.93%	-304.63%	-135.79%	-93.42%	-173.35%	0.00%	-152.13%	-122.41%	-153.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-198.05%	-210.86%	-193.68%	-559.02%	-314.73%	-4.67%	-96.49%	-166.81%
Preferred Stock Issuance	-1M	-1M	0M	4M	18M	14M	12M	0M	0M	0M	-3M	0M	0M	0M	0M	0M	0M	0M	0M	63M	0M	0M	0M	0M	0M	0M	0M	297M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	-20,300.00%	-12,180.00%	-6,090.00%	-3,848.36%	-2,861.34%	-2,289.07%	-1,907.56%	0.00%	0.00%	0.00%	-60,900.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3,174.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	498.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-1,204M	-1,120M	-951M	-836M	-717M	-604M	-552M	-1,218M	-1,220M	-1,221M	-1,225M	-1,167M	-1,028M	-960M	-949M	-844M	-703M	-695M	-713M	-687M	-637M	-624M	-576M	-514M	-500M	-456M	-377M	-278M	-194M	-142M	-117M	-101M	-93M	-306M	-304M	-303M	-301M	-284M	-274M	-263M	-260M	-255M	-239M	-248M	-242M
Return on Net Dividends Paid	-214.70%	-229.22%	-297.57%	-298.05%	-331.76%	-346.29%	-324.99%	-243.19%	-198.03%	-214.74%	-149.14%	-280.21%	-292.32%	-209.69%	-286.83%	-315.88%	-768.71%	-240.00%	-218.23%	-291.12%	-299.84%	-280.29%	-332.64%	-291.05%	-206.80%	-376.32%	-388.33%	-532.73%	-660.31%	-650.00%	-457.26%	-455.45%	-403.23%	-56.21%	-78.62%	-242.24%	-239.53%	-271.55%	-260.59%	-254.21%	-297.27%	-218.71%	-12.45%	-224.05%	-250.60%
Common Dividends Paid	-1,204M	-1,120M	-951M	-836M	-717M	-604M	-552M	-1,218M	-1,220M	-1,221M	-1,225M	-1,167M	-1,028M	-960M	-949M	-844M	-703M	-695M	-713M	-687M	-637M	-624M	-576M	-514M	-500M	-456M	-377M	-278M	-194M	-142M	-117M	-101M	-93M	-306M	-304M	-303M	-301M	-284M	-274M	-263M	-260M	-255M	-239M	-248M	-242M
Return on Common Dividends Paid	-214.70%	-229.22%	-297.57%	-298.05%	-331.76%	-346.29%	-324.99%	-243.19%	-198.03%	-214.74%	-149.14%	-280.21%	-292.32%	-209.69%	-286.83%	-315.88%	-768.71%	-240.00%	-218.23%	-291.12%	-299.84%	-280.29%	-332.64%	-291.05%	-206.80%	-376.32%	-388.33%	-532.73%	-660.31%	-650.00%	-457.26%	-455.45%	-403.23%	-56.21%	-78.62%	-242.24%	-239.53%	-271.55%	-260.59%	-254.21%	-297.27%	-218.71%	-12.45%	-224.05%	-250.60%
Preferred Dividends Paid	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Dividends Paid	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Financing Activities	1M	1M	3M	2M	1M	-1M	35M	0M	0M	0M	3M	0M	0M	0M	23M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-43M	0M	0M	0M	0M	0M	1,468M	-389M	-1M	0M	0M	0M	0M	0M	0M
Return on Other Financing Activities	20,300.00%	12,180.00%	7,273.48%	4,848.99%	3,636.74%	2,859.62%	-2,373.28%	0.00%	0.00%	0.00%	60,900.00%	0.00%	0.00%	0.00%	11,834.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,244.19%	0.00%	0.00%	0.00%	0.00%	0.00%	49.11%	-198.15%	-142,540.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Cash from Financing Activities	-1,362M	-1,864M	-1,768M	-1,568M	-1,400M	-1,173M	-850M	-1,899M	-726M	-1,199M	115M	-3,002M	-3,309M	-1,927M	-1,994M	-2,312M	-2,038M	-1,347M	-662M	-1,320M	-394M	-694M	-2,006M	-1,427M	-31M	-1,075M	-1,629M	-1,284M	-456M	-233M	-314M	-150M	151M	-798M	90M	-252M	5,187M	-528M	-659M	-680M	-436M	-330M	-449M	-385M	-572M
Return on Net Cash from Financing Activities	420.36%	213.16%	19.00%	-59.91%	-244.00%	-221.05%	-193.08%	-155.98%	-332.78%	-218.68%	1,588.70%	-108.93%	-90.81%	-104.46%	-136.51%	-115.31%	-265.16%	-123.83%	-235.05%	-151.52%	-484.77%	-252.02%	-95.51%	-104.84%	-3,335.48%	-159.63%	-89.87%	-115.34%	-280.92%	-396.14%	-170.38%	-306.67%	248.34%	-21.55%	265.56%	-291.27%	13.90%	-146.05%	-108.18%	-98.22%	-177.15%	-169.26%	-6.61%	-144.59%	-105.96%
Effect of FX on Cash	0M	0M	0M	0M	0M	-33M	-27M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-53M	-761M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-558M	-562M
Return on Effect of FX on Cash	0.00%	0.00%	0.00%	0.00%	0.00%	-29.21%	-24.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-707.55%	-22.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-99.64%	-107.92%
Net Change in Cash	267M	212M	67M	43M	59M	36M	29M	443M	-531M	73M	1,112M	-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	142M	11M	-24M	-31M	-46M	-232M	-385M	-572M
Return on Net Change in Cash	967.43%	437.96%	116.22%	13.96%	17.30%	-35.17%	137.50%	668.62%	-454.99%	3,591.78%	164.30%	-853.79%	-1,088.77%	376.26%	2,031.34%	-1,092.62%	-2,031.58%	-1,150.34%	1,215.63%	-425.53%	241.77%	463.93%	-347.73%	-885.21%	273.54%	416.50%	-456.07%	622.27%	-719.66%	312.88%	535.00%	-2,300.00%	248.34%	-21.55%	746.88%	-2,531.03%	-416.76%	544.45%	6,660.75%	-2,841.70%	-2,466.45%	-1,201.94%	-12.83%	-144.59%	-105.96%
Cash at Beginning of Period	954M	912M	872M	861M	751M	632M	539M	4,925M	4,385M	1,568M	456M	839M	1,115M	580M	446M	690M	956M	1,101M	973M	1,443M	653M	276M	827M	996M	618M	206M	527M	289M	467M	284M	184M	204M	53M	37M	5M	34M	207M	68M	57M	81M	112M	158M	390M	216M	227M
Return on Cash at Beginning of Period	319.21%	314.84%	344.76%	326.28%	347.96%	358.91%	621.61%	60.14%	55.10%	167.22%	400.66%	389.75%	269.51%	347.07%	610.31%	386.38%	565.27%	151.50%	159.92%	138.60%	292.50%	633.70%	231.68%	150.20%	167.31%	833.01%	277.80%	512.46%	274.30%	325.00%	290.76%	225.49%	707.55%	464.86%	4,780.00%	2,158.82%	348.31%	1,137.96%	1,250.35%	829.57%	690.52%	352.53%	7.62%	257.22%	267.40%
Cash at End of Period	1,222M	1,124M	939M	904M	810M	668M	568M	5,368M	3,854M	1,641M	1,568M	456M	839M	1,115M	580M	446M	690M	956M	1,101M	973M	1,443M	653M	276M	827M	996M	618M	206M	527M	289M	579M	284M	184M	204M	-761M	37M	5M	34M	209M	68M	57M	81M	112M	158M	-168M	-345M
Return on Cash at End of Period	331.13%	306.42%	369.82%	345.27%	349.77%	310.18%	887.40%	55.18%	62.69%	159.78%	116.52%	717.11%	358.16%	180.54%	469.31%	597.76%	783.19%	174.48%	141.33%	205.55%	132.36%	267.84%	694.20%	180.89%	103.82%	277.67%	710.68%	281.02%	443.25%	159.41%	188.38%	250.00%	183.82%	-22.60%	645.95%	14,680.00%	2,120.59%	368.26%	1,052.73%	1,171.58%	959.01%	498.84%	18.77%	-330.23%	-175.51%
Operating Cash Flow	3,818M	3,869M	3,613M	3,404M	3,114M	2,712M	2,427M	4,249M	3,774M	4,052M	3,179M	4,222M	4,255M	3,637M	3,892M	3,726M	3,253M	3,034M	2,877M	2,852M	3,078M	3,065M	3,227M	2,714M	1,860M	2,715M	2,333M	2,206M	2,105M	1,661M	1,054M	803M	654M	1,342M	533M	890M	1,150M	1,205M	1,237M	1,144M	875M	958M	762M	995M	1,107M
Return on Operating Cash Flow	66.54%	65.12%	74.23%	69.73%	67.78%	63.57%	63.36%	69.71%	64.02%	64.71%	57.47%	77.45%	70.62%	55.35%	69.94%	71.55%	166.12%	54.98%	54.08%	70.13%	62.05%	57.06%	59.37%	55.12%	55.59%	63.20%	62.75%	67.14%	60.86%	55.57%	50.76%	57.29%	57.34%	12.82%	44.84%	82.47%	62.70%	63.95%	57.60%	58.36%	88.27%	58.20%	3.90%	55.91%	54.75%
Capital Expenditure	-2,226M	-1,928M	-1,961M	-1,971M	-1,798M	-1,596M	-1,466M	-2,150M	-4,202M	-2,381M	-2,349M	-1,948M	-1,470M	-1,494M	-2,019M	-1,951M	-1,723M	-1,887M	-2,385M	-2,118M	-1,971M	-2,241M	-2,160M	-1,470M	-1,299M	-1,558M	-1,341M	-1,178M	-1,025M	-1,041M	-720M	-689M	-746M	-731M	-912M	-956M	-875M	-688M	-659M	-713M	-669M	-716M	-659M	-670M	-652M
Return on Capital Expenditure	-118.59%	-138.98%	-143.37%	-126.23%	-122.16%	-109.87%	-105.07%	-137.77%	-57.50%	-110.12%	-77.78%	-167.86%	-204.42%	-134.74%	-134.82%	-136.65%	-313.64%	-88.39%	-65.24%	-94.43%	-96.91%	-78.05%	-88.70%	-101.77%	-79.60%	-110.14%	-109.17%	-125.72%	-124.98%	-88.66%	-74.31%	-66.76%	-50.27%	-23.53%	-26.21%	-76.78%	-82.40%	-111.94%	-108.17%	-93.67%	-115.36%	-77.88%	-4.50%	-83.04%	-93.03%
Free Cash Flow	1,592M	1,941M	1,652M	1,433M	1,316M	1,116M	961M	2,099M	-428M	1,671M	830M	2,274M	2,785M	2,143M	1,873M	1,775M	1,530M	1,147M	492M	734M	1,107M	824M	1,067M	1,244M	561M	1,157M	992M	1,028M	1,080M	620M	334M	114M	-92M	611M	-379M	-66M	275M	517M	579M	431M	205M	242M	103M	325M	456M
Return on Free Cash Flow	173.61%	144.53%	183.31%	186.01%	176.65%	154.65%	107.52%	141.11%	-564.49%	156.91%	220.12%	143.80%	107.90%	93.93%	145.33%	150.20%	353.20%	145.42%	316.26%	272.48%	172.54%	212.26%	179.57%	120.26%	184.31%	148.31%	147.58%	144.07%	118.61%	148.87%	160.18%	403.51%	-407.61%	28.15%	-63.06%	-1,112.12%	262.18%	149.16%	123.20%	154.80%	375.85%	230.36%	28.83%	171.11%	133.06%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	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	2,573M	2,547M	2,675M	2,388M	2,140M	1,810M	1,606M	2,964M	2,414M	2,622M	1,827M	3,270M	3,005M	2,013M	2,722M	2,666M	5,404M	1,668M	1,556M	2,000M	1,910M	1,749M	1,916M	1,496M	1,034M	1,716M	1,464M	1,481M	1,281M	923M	525M	460M	362M	172M	239M	525M	699M	770M	713M	668M	549M	558M	30M	556M	606M
EBITDA	5,291M	5,177M	4,928M	4,696M	4,367M	3,730M	3,340M	6,006M	5,196M	5,489M	4,340M	6,043M	5,705M	4,309M	5,233M	5,128M	4,733M	4,212M	4,090M	4,647M	4,424M	4,175M	4,242M	3,671M	2,939M	4,009M	3,491M	3,473M	2,984M	2,417M	1,064M	1,158M	406M	866M	931M	1,312M	1,722M	1,553M	1,444M	1,431M	1,129M	1,185M	362M	1,036M	1,014M
Return on EBITDA	47.99%	48.67%	53.92%	50.21%	47.94%	47.80%	46.68%	49.35%	46.46%	47.77%	42.10%	54.11%	52.67%	46.72%	52.02%	51.99%	114.18%	39.60%	38.04%	43.04%	43.17%	41.89%	45.17%	40.75%	35.18%	42.80%	41.94%	42.64%	42.93%	38.19%	49.34%	39.72%	89.16%	19.86%	25.67%	40.02%	40.59%	49.61%	49.37%	46.66%	48.60%	47.05%	8.20%	53.69%	59.78%
(-) Tax Adjustment	1,115M	1,102M	738M	998M	1,032M	899M	824M	1,359M	1,083M	1,166M	922M	1,258M	1,284M	881M	1,153M	1,187M	-3,444M	1,491M	1,484M	1,681M	1,574M	1,527M	1,457M	1,351M	1,065M	1,507M	1,206M	1,166M	731M	704M	318M	403M	140M	270M	297M	334M	516M	553M	521M	520M	440M	430M	287M	378M	355M
Return on (-) Tax Adjustment	227.63%	229.10%	166.60%	150.87%	144.87%	145.19%	142.63%	218.15%	222.94%	224.92%	198.10%	259.86%	233.98%	228.61%	236.14%	224.60%	-156.92%	111.87%	104.86%	118.94%	121.34%	114.51%	131.54%	110.75%	97.05%	113.84%	121.36%	126.96%	175.12%	131.19%	165.23%	114.00%	258.15%	63.66%	80.45%	157.27%	135.49%	139.23%	136.91%	128.40%	124.80%	129.67%	10.34%	147.19%	170.78%
(-) Change In Working Capital	264M	214M	153M	93M	64M	81M	70M	-103M	582M	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	-17M	146M	19M	-27M	95M	-60M	92M	102M
Return on (-) Change In Working Capital	-236.96%	574.00%	1,432.60%	3,282.43%	3,059.50%	2,487.74%	1,942.72%	-2,877.67%	414.78%	419.52%	496.47%	-1,626.87%	2,044.22%	1,536.64%	-1,958.27%	2,185.25%	9,317.24%	546.89%	1,364.91%	-796.81%	2,448.72%	34,980.00%	-3,615.09%	1,893.67%	-517.00%	-9,031.58%	16,266.67%	2,388.71%	2,846.67%	1,125.61%	610.47%	-547.62%	-205.68%	20.67%	-497.92%	-1,050.00%	1,625.58%	-4,479.07%	489.49%	3,533.33%	-2,070.57%	590.16%	-49.50%	603.15%	593.73%
(-) Capital Expenditure	-2,226M	-1,928M	-1,961M	-1,971M	-1,798M	-1,596M	-1,466M	-2,150M	-4,202M	-2,381M	-2,349M	-1,948M	-1,470M	-1,494M	-2,019M	-1,951M	-1,723M	-1,887M	-2,385M	-2,118M	-1,971M	-2,241M	-2,160M	-1,470M	-1,299M	-1,558M	-1,341M	-1,178M	-1,025M	-1,041M	-720M	-689M	-746M	-731M	-912M	-956M	-875M	-688M	-659M	-713M	-669M	-716M	-659M	-670M	-652M
Return on (-) Capital Expenditure	-118.59%	-138.98%	-143.37%	-126.23%	-122.16%	-109.74%	-104.15%	-137.86%	-57.45%	-110.12%	-77.78%	-167.86%	-204.42%	-134.74%	-134.82%	-136.65%	-313.64%	-88.39%	-65.24%	-94.43%	-96.91%	-78.05%	-88.70%	-101.77%	-79.60%	-110.14%	-109.17%	-125.72%	-124.98%	-88.66%	-72.92%	-66.76%	-48.53%	-23.53%	-26.21%	-54.92%	-79.89%	-111.94%	-108.17%	-93.67%	-81.99%	-77.88%	-4.50%	-83.04%	-93.03%
Unlevered Free Cash Flow	1,685M	1,933M	2,076M	1,634M	1,472M	1,154M	981M	2,600M	-671M	1,317M	701M	3,038M	2,804M	1,803M	2,200M	1,868M	6,396M	529M	107M	1,099M	801M	402M	678M	771M	775M	963M	935M	1,067M	1,183M	590M	-60M	150M	-304M	-967M	-230M	72M	288M	328M	118M	179M	47M	-55M	-525M	-104M	-95M
Return on Unlevered Free Cash Flow	189.14%	157.24%	290.56%	282.54%	247.69%	176.09%	203.49%	113.99%	-359.88%	199.05%	260.72%	107.65%	107.18%	111.62%	123.71%	142.72%	84.49%	315.31%	1,453.16%	182.06%	238.49%	435.51%	282.45%	193.99%	133.49%	178.26%	156.63%	138.86%	108.33%	156.33%	-878.70%	307.68%	-118.99%	-17.78%	-103.88%	727.37%	242.63%	234.54%	601.82%	372.43%	1,173.76%	-1,007.00%	-5.66%	-535.20%	-640.40%
(-) Net Interest Income After Taxes	-584M	-550M	-530M	-459M	-405M	-324M	-270M	-616M	-636M	-636M	-569M	-548M	-501M	-497M	-471M	-428M	-950M	-361M	-342M	-350M	-341M	-315M	-293M	-284M	-298M	-277M	-259M	0M	-375M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on (-) Net Interest Income After Taxes	-443.56%	-467.16%	-502.19%	-526.04%	-488.18%	-390.55%	-325.46%	-481.23%	-379.76%	-412.52%	-321.33%	-596.82%	-600.31%	-404.80%	-577.98%	-622.80%	-568.73%	-461.90%	-454.75%	-571.90%	-560.49%	-556.05%	-654.26%	-526.00%	-347.32%	-619.37%	-564.90%	0.00%	-341.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	1,078M	946M	777M	637M	460M	337M	429M	-158M	586M	-4M	1,959M	1,279M	1,092M	403M	1,004M	1,273M	-412M	94M	1,083M	-445M	739M	1,129M	501M	-139M	403M	280M	-239M	-339M	-456M	-253M	-167M	-91M	230M	-494M	380M	17M	3,996M	116M	-66M	-82M	-54M	88M	412M	429M	11M
Return on Net Debt Issuance	-21,733.69%	-12,885.28%	-6,333.93%	-4,271.28%	-3,226.51%	-2,623.69%	-2,094.65%	-1,875.95%	411.95%	-65,550.00%	93.26%	255.67%	275.18%	499.50%	271.12%	209.43%	-1,311.65%	1,774.47%	143.67%	-449.44%	258.46%	154.92%	382.44%	-1,076.26%	256.58%	612.86%	-612.55%	-436.87%	-280.92%	-364.82%	-314.37%	-505.49%	157.39%	-34.82%	62.89%	3,088.24%	17.49%	664.14%	-1,079.85%	-812.41%	-1,021.79%	637.37%	7.21%	129.66%	5,665.42%
Levered Free Cash Flow	3,347M	3,428M	3,384M	2,730M	2,337M	1,815M	1,680M	3,058M	551M	1,949M	3,228M	4,865M	4,396M	2,704M	3,675M	3,569M	6,934M	984M	1,532M	1,003M	1,881M	1,845M	1,472M	917M	1,475M	1,520M	955M	728M	1,102M	337M	-227M	59M	-74M	-1,461M	150M	89M	4,284M	444M	52M	97M	-7M	32M	-113M	325M	-84M
Return on Levered Free Cash Flow	86.12%	80.23%	89.89%	105.86%	112.21%	102.92%	162.34%	96.92%	438.21%	134.54%	56.59%	67.22%	68.35%	74.45%	74.06%	74.70%	77.93%	169.49%	101.55%	199.35%	101.56%	94.79%	130.14%	163.22%	70.09%	112.92%	153.32%	203.57%	116.28%	273.54%	-231.54%	786.27%	-487.69%	-11.77%	159.41%	588.71%	16.32%	173.33%	1,359.51%	687.67%	-7,891.68%	1,736.44%	-26.35%	171.11%	-722.01%