Equifax Inc. (EFX)

Category: Company Returns Sector: Industrials Industry: Consulting Services Live Price: $219.57

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
Net Income	615M	622M	454M	402M	367M	330M	306M	659M	563M	604M	545M	696M	744M	520M	-384M	311M	587M	489M	429M	367M	352M	272M	233M	267M	234M	273M	273M	275M	247M	235M	165M	178M	123M	228M	216M	193M	184M	178M	148M
Revenue	5,356M	5,024M	4,121M	3,452M	3,013M	2,647M	2,442M	5,943M	5,588M	5,681M	5,265M	5,122M	4,924M	4,128M	3,508M	3,412M	3,362M	3,145M	2,664M	2,436M	2,304M	2,073M	1,893M	1,860M	1,716M	1,936M	1,843M	1,546M	1,443M	1,273M	1,211M	1,095M	1,139M	1,189M	1,773M	1,621M	1,366M	1,223M	1,105M
Return on Revenue	11.53%	12.46%	10.96%	11.98%	12.85%	13.41%	13.36%	11.08%	10.07%	10.63%	10.36%	13.59%	15.11%	12.60%	-10.95%	9.10%	17.47%	15.54%	16.11%	15.08%	15.27%	13.13%	12.30%	14.34%	13.63%	14.09%	14.80%	17.75%	17.08%	18.44%	13.62%	16.25%	10.76%	19.17%	12.18%	11.93%	13.45%	14.52%	13.36%
Cost of Revenue	2,344M	2,150M	1,692M	1,385M	1,213M	1,067M	1,011M	2,600M	2,485M	2,519M	2,335M	2,177M	1,981M	1,737M	1,522M	1,440M	1,211M	1,113M	887M	845M	787M	760M	704M	760M	719M	792M	752M	626M	594M	534M	500M	416M	451M	513M	907M	840M	702M	630M	588M
Return on Cost of Revenue	26.44%	29.36%	28.39%	31.74%	33.23%	34.24%	32.74%	25.34%	22.63%	23.98%	23.35%	31.98%	37.57%	29.94%	-25.24%	21.56%	48.51%	43.90%	48.35%	43.49%	44.68%	35.83%	33.09%	35.10%	32.54%	34.44%	36.26%	43.82%	41.48%	43.96%	33.00%	42.75%	27.16%	44.43%	23.80%	23.02%	26.17%	28.20%	25.14%
Gross Profit	3,013M	2,874M	2,429M	2,067M	1,800M	1,580M	1,430M	3,344M	3,103M	3,162M	2,930M	2,945M	2,943M	2,390M	1,986M	1,972M	2,152M	2,032M	1,776M	1,592M	1,517M	1,314M	1,189M	1,100M	997M	1,144M	1,091M	920M	849M	739M	711M	679M	688M	676M	866M	781M	664M	593M	518M
Return on Gross Profit	20.45%	21.68%	18.03%	19.41%	21.12%	22.20%	23.03%	19.70%	18.13%	19.10%	18.61%	23.64%	25.29%	21.76%	-19.34%	15.75%	27.30%	24.06%	24.16%	23.08%	23.20%	20.72%	19.58%	24.25%	23.46%	23.85%	25.00%	29.84%	29.03%	31.76%	23.19%	26.22%	17.81%	33.73%	24.94%	24.76%	27.66%	29.94%	28.53%
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
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%
SG&A Expenses	1,399M	1,373M	1,293M	1,076M	917M	787M	702M	1,553M	1,472M	1,466M	1,394M	1,337M	1,362M	1,306M	1,990M	1,213M	1,032M	941M	884M	752M	716M	674M	560M	507M	470M	511M	477M	401M	345M	284M	272M	247M	268M	261M	326M	312M	263M	259M	232M
Return on SG&A Expenses	44.14%	45.37%	39.05%	41.54%	46.16%	50.87%	53.40%	42.40%	38.21%	41.21%	39.13%	52.08%	54.63%	39.81%	-19.30%	25.59%	56.91%	51.94%	48.52%	48.88%	49.15%	40.40%	41.58%	52.56%	49.74%	53.38%	57.16%	68.45%	71.45%	82.52%	60.60%	72.15%	45.78%	87.29%	66.27%	62.09%	69.79%	68.65%	63.64%
Operating Expenses	2,002M	1,905M	1,698M	1,404M	1,193M	1,030M	919M	2,245M	2,104M	2,120M	1,997M	1,889M	1,805M	1,714M	2,321M	1,524M	1,320M	1,206M	1,082M	954M	905M	834M	721M	670M	615M	667M	605M	484M	427M	363M	397M	326M	434M	367M	451M	415M	340M	326M	296M
Return on Operating Expenses	30.89%	32.85%	29.27%	31.66%	35.67%	38.58%	40.57%	29.34%	26.74%	28.49%	27.31%	36.86%	41.23%	30.35%	-16.55%	20.38%	44.50%	40.52%	39.65%	38.53%	38.86%	32.65%	32.32%	39.83%	38.01%	40.93%	45.09%	56.74%	57.70%	64.64%	41.56%	54.53%	28.21%	62.06%	47.86%	46.57%	53.98%	54.45%	49.93%
Operating Income (EBIT)	1,011M	969M	731M	663M	607M	550M	511M	1,099M	999M	1,042M	934M	1,056M	1,138M	677M	-335M	448M	832M	825M	694M	638M	611M	480M	469M	430M	382M	477M	486M	436M	422M	376M	314M	353M	254M	309M	415M	366M	324M	267M	222M
Return on Operating Income (EBIT)	60.77%	64.91%	70.01%	65.58%	63.98%	62.68%	62.06%	59.93%	56.30%	57.97%	58.41%	65.93%	65.40%	76.87%	114.52%	69.31%	70.61%	59.24%	61.84%	57.57%	57.56%	56.69%	49.70%	62.02%	61.26%	57.17%	56.09%	62.94%	58.41%	62.45%	52.48%	50.50%	48.27%	73.88%	52.09%	52.88%	56.72%	66.54%	66.56%
Interest Income	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 Interest Income	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	218M	188M	140M	114M	95M	76M	63M	214M	234M	229M	241M	183M	146M	142M	112M	104M	93M	92M	64M	69M	70M	55M	55M	56M	57M	71M	59M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Interest Expense	290.00%	349.69%	354.07%	397.78%	361.29%	289.03%	240.86%	307.90%	240.80%	263.68%	225.89%	380.44%	511.13%	367.30%	-343.87%	300.00%	632.87%	530.73%	672.57%	535.57%	501.14%	491.16%	422.69%	475.40%	410.35%	382.61%	466.15%	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	-218M	-188M	-140M	-114M	-95M	-76M	-63M	-214M	-234M	-229M	-241M	-183M	-146M	-142M	-112M	-104M	-93M	-92M	-64M	-69M	-70M	-55M	-55M	-56M	-57M	-71M	-59M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Net Interest Income	-290.00%	-349.69%	-354.07%	-397.78%	-361.29%	-289.03%	-240.86%	-307.90%	-240.80%	-263.68%	-225.89%	-380.44%	-511.13%	-367.30%	343.87%	-300.00%	-632.87%	-530.73%	-672.57%	-535.57%	-501.14%	-491.16%	-422.69%	-475.40%	-410.35%	-382.61%	-466.15%	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	409M	339M	255M	211M	179M	150M	128M	425M	465M	461M	457M	309M	334M	133M	190M	181M	178M	189M	121M	133M	151M	104M	118M	111M	108M	136M	120M	20M	31M	-9M	29M	36M	51M	59M	49M	39M	1M	4M	-1M
Return on Unusual Items	158.50%	217.82%	200.16%	214.08%	300.09%	207.56%	728.89%	154.86%	120.99%	131.13%	119.30%	225.09%	222.55%	391.05%	-202.05%	171.45%	330.13%	258.62%	354.34%	277.07%	232.98%	261.38%	197.71%	240.49%	216.98%	200.00%	227.06%	1,358.91%	787.54%	-2,496.81%	570.59%	489.01%	239.26%	385.14%	444.24%	502.34%	22,962.50%	4,130.23%	-11,361.54%
EBT Excluding Unusual Items	410M	480M	361M	354M	343M	326M	318M	462M	303M	350M	261M	620M	615M	552M	-604M	189M	569M	539M	516M	442M	379M	327M	288M	264M	223M	276M	305M	396M	359M	395M	256M	280M	151M	190M	317M	289M	322M	258M	225M
Return on EBT Excluding Unusual Items	164.67%	141.85%	121.40%	110.32%	104.31%	98.97%	93.36%	142.46%	185.70%	172.70%	209.09%	112.22%	121.05%	94.19%	63.60%	164.03%	103.27%	90.65%	83.24%	83.20%	92.73%	83.16%	80.84%	100.91%	104.79%	98.95%	89.56%	69.37%	68.59%	59.48%	64.31%	63.64%	80.91%	119.87%	68.04%	66.99%	57.00%	68.76%	65.79%
Pre-Tax Income	819M	819M	616M	565M	523M	476M	446M	888M	768M	811M	718M	930M	949M	685M	-414M	370M	747M	728M	637M	574M	530M	431M	406M	375M	331M	412M	425M	416M	391M	385M	285M	316M	203M	249M	366M	327M	323M	263M	223M
Return on Pre-Tax Income	75.13%	75.94%	76.95%	72.76%	71.08%	69.94%	68.58%	74.20%	73.26%	74.53%	75.96%	74.88%	78.40%	75.90%	92.82%	83.83%	78.66%	67.12%	67.40%	63.98%	66.33%	63.09%	57.38%	71.08%	70.66%	66.20%	64.23%	66.00%	63.09%	60.93%	57.80%	56.31%	60.46%	91.42%	59.01%	59.11%	56.86%	67.63%	66.17%
Income Tax Expense	200M	192M	156M	160M	154M	146M	142M	226M	199M	203M	166M	230M	201M	159M	-36M	53M	149M	233M	202M	200M	189M	156M	167M	132M	107M	133M	152M	141M	144M	148M	105M	124M	85M	108M	150M	134M	138M	110M	90M
Return on Income Tax Expense	309.58%	325.33%	410.16%	332.49%	297.82%	270.79%	250.58%	291.03%	282.24%	297.29%	328.10%	303.36%	370.80%	327.11%	1,075.91%	581.46%	395.22%	209.70%	212.64%	183.52%	186.24%	174.42%	139.38%	202.20%	219.42%	204.96%	179.53%	194.13%	170.94%	158.69%	157.65%	143.09%	143.61%	210.53%	143.93%	144.54%	133.50%	162.19%	163.38%
Depreciation and Amortization	623M	552M	417M	337M	283M	245M	219M	713M	666M	681M	620M	569M	490M	399M	337M	316M	291M	269M	200M	204M	190M	163M	165M	168M	159M	155M	128M	83M	82M	79M	94M	80M	106M	106M	125M	104M	77M	68M	64M
Return on Depreciation and Amortization	99.73%	116.29%	116.42%	133.05%	158.17%	167.61%	176.07%	92.41%	84.50%	88.76%	87.98%	122.44%	152.00%	130.25%	-113.87%	98.29%	201.89%	181.91%	214.55%	179.92%	184.87%	166.52%	141.24%	158.94%	147.29%	175.55%	213.55%	331.52%	299.88%	298.22%	175.24%	223.34%	115.35%	214.69%	172.31%	186.32%	238.26%	263.11%	231.87%
EBITDA	1,660M	1,558M	1,174M	1,017M	903M	809M	742M	1,814M	1,667M	1,720M	1,579M	1,681M	1,584M	1,226M	35M	790M	1,130M	1,089M	900M	847M	791M	650M	626M	599M	547M	639M	611M	519M	504M	455M	439M	432M	420M	415M	540M	470M	401M	334M	286M
Return on EBITDA	37.02%	40.09%	-70.69%	-33.03%	-13.18%	-1.96%	6.09%	36.30%	33.74%	35.12%	34.53%	41.41%	46.97%	42.42%	-1,091.19%	39.31%	51.96%	44.89%	47.66%	43.38%	44.48%	41.86%	37.21%	44.52%	42.78%	42.71%	44.65%	52.90%	48.89%	51.64%	37.57%	41.18%	29.14%	54.97%	40.00%	41.19%	45.81%	53.11%	51.72%
NOPAT	765M	742M	549M	477M	430M	383M	350M	819M	740M	781M	717M	795M	897M	520M	-306M	383M	666M	561M	474M	416M	394M	306M	276M	279M	259M	323M	312M	288M	266M	232M	199M	214M	147M	175M	245M	216M	186M	156M	132M
Return on NOPAT	80.30%	84.79%	89.61%	89.52%	89.64%	90.97%	92.56%	80.43%	76.04%	77.37%	76.00%	87.54%	82.93%	100.10%	125.33%	80.98%	88.16%	87.13%	90.54%	88.38%	89.40%	88.81%	84.48%	95.65%	90.36%	84.44%	87.33%	95.37%	92.58%	101.38%	82.86%	83.27%	83.37%	130.59%	88.28%	89.47%	98.79%	114.13%	111.87%
Owner's Earnings	659M	648M	483M	454M	417M	384M	342M	903M	690M	773M	564M	640M	765M	498M	-446M	305M	660M	591M	483M	485M	459M	370M	323M	335M	322M	318M	282M	305M	312M	297M	244M	245M	182M	297M	280M	-226M	226M	189M	180M
Return on Owner's Earnings	94.53%	97.06%	93.39%	87.45%	86.80%	83.98%	78.28%	72.95%	81.53%	78.13%	96.72%	108.73%	97.31%	104.42%	86.04%	101.97%	88.98%	82.78%	88.86%	75.72%	76.68%	73.64%	72.15%	79.68%	72.64%	85.87%	96.74%	89.91%	79.13%	79.05%	67.47%	72.68%	67.46%	76.75%	77.11%	-85.50%	81.21%	93.92%	82.19%

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
Net Income	615M	622M	454M	402M	367M	330M	306M	604M	545M	696M	744M	520M	-384M	311M	587M	489M	429M	367M	352M	272M	233M	267M	234M	273M	273M	275M	247M	235M	165M	178M	123M	228M	216M	193M	184M	178M	148M
Cash & Cash Equivalents	224M	516M	377M	302M	244M	205M	182M	170M	217M	285M	225M	1,685M	401M	224M	336M	129M	93M	128M	236M	147M	128M	119M	103M	58M	82M	68M	38M	52M	39M	31M	33M	89M	137M	91M	52M	50M	26M
Return on Cash & Cash Equivalents	283.73%	242.65%	226.89%	219.70%	269.38%	298.61%	303.66%	355.56%	251.52%	244.11%	331.20%	30.87%	-95.71%	138.86%	174.58%	378.04%	459.91%	286.36%	149.13%	185.35%	182.38%	223.37%	226.87%	468.73%	334.19%	404.87%	657.33%	450.48%	419.59%	583.61%	368.98%	255.00%	158.05%	213.47%	351.24%	355.91%	565.90%
Short-Term Investments	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 Investments	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	224M	516M	377M	302M	244M	205M	182M	170M	217M	285M	225M	1,685M	401M	224M	336M	129M	93M	128M	236M	147M	128M	119M	103M	58M	82M	68M	38M	52M	39M	31M	33M	89M	137M	91M	52M	50M	26M
Return on Cash & Short-Term Investments	283.73%	242.65%	226.89%	219.70%	269.38%	298.61%	303.66%	355.56%	251.52%	244.11%	331.20%	30.87%	-95.71%	138.86%	174.58%	378.04%	459.91%	286.36%	149.13%	185.35%	182.38%	223.37%	226.87%	468.73%	334.19%	404.87%	657.33%	450.48%	419.59%	583.61%	368.98%	255.00%	158.05%	213.47%	351.24%	355.91%	565.90%
Net Receivables	908M	816M	631M	521M	455M	416M	397M	958M	908M	858M	728M	631M	532M	469M	445M	433M	350M	337M	310M	317M	284M	263M	259M	253M	296M	245M	216M	204M	189M	201M	266M	449M	391M	353M	271M	228M	258M
Return on Net Receivables	68.10%	77.81%	75.06%	82.83%	87.95%	85.87%	82.00%	63.08%	60.04%	81.17%	102.28%	82.48%	-72.19%	66.19%	132.04%	112.81%	122.67%	108.96%	113.59%	85.84%	81.89%	101.56%	90.41%	107.66%	92.19%	112.13%	114.12%	115.05%	87.39%	88.73%	46.02%	50.73%	55.26%	54.77%	67.86%	78.07%	57.18%
Inventory	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 Inventory	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 Assets	93M	80M	95M	80M	64M	61M	64M	98M	89M	93M	60M	59M	188M	110M	123M	50M	79M	104M	68M	40M	16M	21M	27M	19M	22M	11M	9M	44M	58M	34M	32M	66M	82M	77M	78M	81M	82M
Return on Other Current Assets	658.48%	818.64%	616.74%	698.56%	960.41%	851.52%	747.89%	615.17%	614.08%	746.20%	1,236.21%	881.53%	-204.42%	283.30%	477.87%	975.65%	541.79%	353.61%	515.08%	685.39%	1,492.95%	1,263.98%	853.65%	1,413.47%	1,250.92%	2,472.97%	2,738.89%	539.54%	284.80%	529.76%	380.43%	345.18%	262.97%	252.15%	235.82%	218.18%	179.47%
Total Current Assets	1,362M	1,537M	1,203M	980M	826M	734M	690M	1,361M	1,356M	1,371M	1,121M	2,478M	1,209M	902M	998M	673M	562M	605M	648M	530M	452M	429M	417M	354M	425M	345M	280M	300M	286M	286M	358M	605M	609M	520M	401M	437M	367M
Return on Total Current Assets	45.13%	44.56%	43.33%	47.55%	53.90%	53.93%	51.59%	44.40%	40.20%	50.80%	66.39%	20.99%	-31.76%	34.41%	58.82%	72.64%	76.41%	60.72%	54.26%	51.37%	51.49%	62.14%	56.12%	77.11%	64.16%	79.52%	87.91%	78.34%	57.68%	62.32%	34.22%	37.69%	35.43%	37.16%	45.82%	40.64%	40.28%
Property, Plant & Equipment	1,771M	1,554M	1,088M	823M	675M	556M	481M	1,892M	1,834M	1,587M	1,316M	1,139M	948M	765M	567M	467M	367M	301M	289M	284M	293M	298M	319M	286M	260M	162M	137M	142M	47M	51M	55M	99M	116M	119M	95M	122M	88M
Return on Property, Plant & Equipment	35.18%	41.55%	53.31%	69.46%	83.25%	119.43%	128.07%	31.93%	29.73%	43.87%	56.55%	45.65%	-40.53%	40.60%	103.58%	104.69%	116.98%	122.22%	121.77%	95.91%	79.52%	89.38%	73.25%	95.28%	105.09%	169.55%	179.93%	165.51%	350.85%	351.78%	221.92%	230.74%	186.93%	162.11%	193.98%	145.22%	168.22%
Goodwill	6,587M	6,103M	4,968M	4,057M	3,362M	2,719M	2,266M	6,548M	6,830M	6,384M	6,258M	4,496M	4,308M	4,130M	4,184M	3,974M	2,571M	2,607M	2,395M	2,290M	1,961M	1,915M	1,943M	1,760M	1,835M	842M	0M	748M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Goodwill	9.37%	10.32%	9.32%	10.64%	11.73%	10.64%	8.87%	9.23%	7.98%	10.91%	11.89%	11.57%	-8.92%	7.52%	14.04%	12.30%	16.69%	14.09%	14.69%	11.88%	11.88%	13.93%	12.04%	15.50%	14.86%	32.60%	0.00%	31.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	1,828M	1,714M	1,458M	1,285M	1,159M	1,044M	953M	1,616M	1,954M	1,913M	1,993M	1,093M	1,140M	1,194M	1,342M	1,419M	923M	1,049M	1,069M	1,242M	646M	690M	783M	777M	860M	337M	1,150M	302M	724M	651M	517M	718M	613M	720M	365M	434M	354M
Return on Intangible Assets	33.90%	37.33%	30.37%	31.22%	33.39%	34.05%	34.87%	37.39%	27.91%	36.39%	37.34%	47.60%	-33.71%	26.01%	43.76%	34.46%	46.51%	35.02%	32.92%	21.90%	36.06%	38.68%	29.89%	35.10%	31.70%	81.36%	21.44%	77.79%	22.77%	27.36%	23.72%	31.76%	35.24%	26.87%	50.27%	40.94%	41.77%
Long-Term Investments	54M	84M	42M	28M	21M	17M	14M	0M	89M	75M	128M	128M	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 Long-Term Investments	515.96%	507.59%	253.79%	169.20%	126.90%	101.52%	84.60%	0.00%	613.39%	934.50%	582.77%	407.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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
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%
Other Non-Current Assets	260M	257M	210M	186M	172M	223M	252M	343M	217M	219M	225M	278M	304M	162M	142M	131M	80M	114M	139M	165M	162M	102M	89M	83M	145M	104M	245M	91M	100M	520M	493M	924M	502M	469M	316M	462M	246M
Return on Other Non-Current Assets	248.40%	252.50%	265.31%	253.30%	247.26%	218.11%	189.79%	175.92%	250.94%	318.34%	330.17%	187.15%	-126.27%	191.19%	413.59%	372.28%	539.75%	322.28%	253.46%	164.81%	143.85%	261.98%	263.70%	329.07%	188.59%	263.69%	100.74%	259.34%	164.41%	34.22%	24.85%	24.69%	42.98%	41.20%	58.11%	38.47%	60.14%
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
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%
Total Non-Current Assets	10,500M	9,711M	7,768M	6,379M	5,391M	4,564M	3,965M	10,399M	10,924M	10,177M	9,920M	7,134M	6,700M	6,251M	6,235M	5,991M	3,947M	4,069M	3,892M	3,981M	3,056M	3,004M	3,134M	2,907M	3,099M	1,445M	1,551M	1,258M	1,267M	1,221M	1,065M	1,465M	1,230M	1,308M	776M	866M	687M
Return on Total Non-Current Assets	5.88%	6.49%	6.01%	6.77%	8.10%	9.41%	11.11%	5.81%	4.99%	6.84%	7.50%	7.29%	-5.73%	4.97%	9.42%	8.16%	10.87%	9.03%	9.04%	6.83%	7.62%	8.88%	7.46%	9.39%	8.80%	18.99%	15.89%	18.66%	13.01%	14.57%	11.51%	15.57%	17.55%	14.78%	23.67%	20.51%	21.50%
Total Assets	11,862M	11,248M	8,971M	7,358M	6,217M	5,298M	4,655M	11,759M	12,280M	11,548M	11,041M	9,612M	7,909M	7,153M	7,233M	6,664M	4,509M	4,674M	4,540M	4,511M	3,509M	3,434M	3,551M	3,260M	3,524M	1,791M	1,832M	1,557M	1,553M	1,507M	1,423M	2,070M	1,840M	1,829M	1,177M	1,303M	1,054M
Return on Total Assets	5.20%	5.55%	5.22%	5.88%	6.99%	7.87%	8.75%	5.14%	4.44%	6.03%	6.74%	5.41%	-4.86%	4.34%	8.12%	7.33%	9.52%	7.86%	7.75%	6.03%	6.64%	7.77%	6.59%	8.37%	7.74%	15.33%	13.46%	15.07%	10.62%	11.81%	8.61%	11.02%	11.73%	10.58%	15.61%	13.63%	14.02%
Accounts Payable	196M	191M	151M	109M	88M	73M	78M	138M	198M	251M	212M	159M	148M	176M	110M	81M	41M	20M	20M	25M	28M	25M	36M	30M	31M	24M	6M	10M	13M	17M	13M	17M	177M	107M	95M	72M	62M
Return on Accounts Payable	330.22%	333.86%	377.98%	691.51%	907.97%	1,006.95%	871.82%	437.12%	275.96%	277.59%	351.70%	326.90%	-259.00%	176.72%	532.46%	603.46%	1,056.90%	1,809.85%	1,767.84%	1,084.06%	846.91%	1,084.15%	651.53%	912.37%	876.85%	1,168.09%	4,177.97%	2,419.59%	1,230.60%	1,078.79%	928.03%	1,357.39%	121.68%	180.24%	193.98%	247.35%	237.46%
Short-Term Debt	873M	909M	615M	479M	402M	352M	301M	688M	963M	967M	825M	1,101M	3M	5M	965M	585M	49M	380M	297M	283M	47M	21M	183M	32M	222M	330M	92M	256M	161M	234M	62M	55M	80M	47M	13M	61M	20M
Return on Short-Term Debt	72.14%	70.78%	-468.50%	-172.79%	-56.80%	-10.01%	95.29%	87.84%	56.60%	71.98%	90.23%	47.23%	-12,390.32%	6,336.73%	60.84%	83.50%	870.39%	96.58%	118.65%	96.05%	493.43%	1,288.41%	127.67%	855.17%	122.78%	83.18%	267.06%	91.79%	102.74%	76.10%	197.58%	417.51%	270.21%	408.02%	1,413.08%	293.55%	724.02%
Tax Payables	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 Payables	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 Revenue	119M	118M	111M	94M	87M	69M	58M	116M	110M	133M	121M	108M	104M	98M	108M	111M	97M	73M	62M	58M	56M	59M	70M	66M	70M	63M	49M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Deferred Revenue	514.96%	527.73%	401.28%	428.28%	425.18%	340.14%	283.45%	523.03%	497.99%	523.85%	613.52%	480.24%	-369.33%	316.84%	541.79%	441.55%	443.29%	500.54%	569.26%	469.95%	417.38%	454.34%	335.10%	415.22%	390.13%	437.80%	501.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	345M	457M	382M	295M	237M	223M	222M	403M	335M	297M	638M	613M	784M	204M	209M	174M	165M	162M	99M	91M	99M	154M	49M	79M	81M	62M	52M	163M	147M	147M	174M	196M	248M	265M	220M	198M	168M
Return on Other Current Liabilities	182.49%	149.80%	167.30%	197.75%	252.27%	224.41%	201.05%	149.83%	162.92%	234.73%	116.61%	84.91%	-48.99%	152.21%	280.74%	280.28%	259.75%	227.35%	356.43%	300.33%	235.49%	173.63%	482.27%	346.63%	337.08%	442.74%	470.42%	144.25%	112.56%	121.50%	70.32%	116.26%	87.23%	73.12%	83.54%	89.56%	87.92%
Total Current Liabilities	1,949M	2,124M	1,634M	1,277M	1,070M	927M	834M	1,812M	2,019M	2,015M	2,291M	2,483M	1,359M	827M	1,674M	1,260M	604M	823M	663M	647M	365M	320M	492M	318M	547M	582M	295M	457M	355M	428M	276M	267M	505M	419M	328M	330M	251M
Return on Total Current Liabilities	31.63%	29.67%	30.26%	39.31%	45.19%	46.92%	47.69%	33.35%	27.01%	34.55%	32.48%	20.95%	-28.26%	37.55%	35.09%	38.81%	71.07%	44.64%	53.10%	42.09%	63.83%	83.47%	47.52%	85.79%	49.86%	47.16%	83.70%	51.37%	46.48%	41.60%	44.40%	85.36%	42.77%	46.14%	56.07%	53.87%	58.94%
Long-Term Debt	4,630M	4,328M	3,261M	2,553M	2,114M	1,829M	1,616M	4,323M	4,748M	4,820M	4,470M	3,277M	3,380M	2,631M	1,739M	2,087M	1,138M	1,146M	1,146M	1,447M	966M	979M	991M	1,187M	1,165M	174M	464M	399M	663M	691M	694M	993M	934M	870M	339M	305M	303M
Return on Long-Term Debt	13.30%	14.48%	16.77%	20.05%	29.08%	29.27%	31.28%	13.97%	11.49%	14.44%	16.65%	15.87%	-11.37%	11.80%	33.77%	23.42%	37.69%	32.07%	30.71%	18.80%	24.11%	27.24%	23.60%	22.97%	23.40%	157.85%	53.15%	58.90%	24.87%	25.77%	17.66%	22.95%	23.12%	22.24%	54.14%	58.25%	48.79%
Capital Lease Obligations	99M	60M	30M	20M	16M	13M	11M	157M	141M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	29M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Capital Lease Obligations	257.45%	154.47%	77.23%	51.49%	78.94%	63.16%	52.63%	384.78%	387.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	806.55%	0.00%	0.00%	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	429M	395M	338M	305M	276M	232M	198M	352M	475M	460M	358M	332M	248M	316M	305M	325M	206M	242M	264M	228M	228M	244M	249M	215M	277M	71M	126M	39M	44M	26M	89M	90M	73M	50M	0M	0M	0M
Return on Deferred Tax Liabilities	145.96%	160.43%	129.70%	127.57%	140.78%	194.97%	185.19%	171.81%	114.82%	151.25%	207.76%	156.52%	-154.88%	98.20%	192.49%	150.22%	208.81%	152.13%	133.41%	119.50%	102.24%	109.21%	93.82%	126.71%	98.41%	387.71%	195.48%	608.03%	372.23%	687.26%	138.26%	252.78%	295.35%	386.03%	0.00%	0.00%	0.00%
Other Non-Current Liabilities	328M	323M	289M	259M	235M	215M	203M	354M	351M	279M	320M	309M	300M	224M	277M	271M	203M	229M	127M	230M	230M	183M	203M	216M	136M	126M	127M	140M	120M	142M	121M	169M	113M	124M	161M	148M	147M
Return on Other Non-Current Liabilities	191.89%	195.32%	159.06%	159.53%	162.42%	156.65%	153.32%	170.70%	155.44%	249.53%	232.49%	168.43%	-128.25%	138.68%	212.17%	180.44%	210.96%	160.23%	276.57%	118.15%	101.35%	146.06%	115.16%	126.24%	201.25%	218.38%	194.40%	168.12%	137.76%	125.80%	101.24%	135.01%	191.88%	156.60%	114.24%	120.08%	100.48%
Total Non-Current Liabilities	5,387M	5,046M	3,888M	3,118M	2,626M	2,277M	2,018M	5,028M	5,574M	5,559M	5,148M	3,918M	3,927M	3,171M	2,321M	2,683M	1,555M	1,617M	1,536M	1,905M	1,424M	1,406M	1,443M	1,630M	1,578M	370M	717M	577M	827M	858M	903M	1,260M	1,119M	1,043M	500M	503M	450M
Return on Total Non-Current Liabilities	11.44%	12.41%	13.32%	15.23%	19.36%	20.01%	21.43%	12.01%	9.78%	12.52%	14.45%	13.27%	-9.78%	9.79%	25.30%	18.22%	27.60%	22.73%	22.90%	14.28%	16.36%	18.97%	16.21%	16.74%	17.28%	74.11%	34.39%	40.70%	19.94%	20.75%	13.56%	18.10%	19.29%	18.54%	36.73%	35.29%	32.84%
Total Liabilities	7,336M	7,170M	5,523M	4,395M	3,695M	3,211M	2,859M	6,840M	7,593M	7,575M	7,440M	6,402M	5,286M	3,998M	3,994M	3,943M	2,159M	2,440M	2,199M	2,552M	1,787M	1,725M	1,936M	1,948M	2,125M	953M	1,011M	1,034M	1,182M	1,286M	1,179M	1,686M	1,624M	1,462M	828M	878M	700M
Return on Total Liabilities	8.40%	8.67%	9.08%	10.74%	12.66%	13.10%	13.92%	8.83%	7.18%	9.19%	10.00%	8.12%	-7.27%	7.77%	14.70%	12.40%	19.88%	15.06%	16.00%	10.66%	13.04%	15.46%	12.08%	14.00%	12.83%	28.82%	24.38%	22.71%	13.95%	13.84%	10.39%	13.52%	13.29%	13.23%	22.19%	20.23%	21.09%
Preferred Stock	0M	0M	0M	0M	0M	12M	11M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	175M	120M	46M	0M	0M	0M	0M
Return on Preferred Stock	0.00%	0.00%	0.00%	0.00%	0.00%	10.42%	24.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	70.00%	190.39%	466.31%	0.00%	0.00%	0.00%	0.00%
Common Stock	237M	237M	237M	237M	236M	234M	202M	237M	237M	237M	237M	237M	237M	237M	237M	237M	237M	237M	237M	237M	237M	237M	237M	237M	236M	233M	232M	228M	226M	225M	223M	220M	218M	0M	0M	0M	0M
Return on Common Stock	260.02%	262.88%	191.95%	169.97%	155.20%	140.71%	120.57%	255.33%	230.47%	294.25%	314.54%	219.82%	-162.34%	131.23%	248.22%	206.59%	181.36%	155.28%	148.69%	115.00%	98.44%	112.72%	98.86%	115.35%	115.75%	117.86%	106.48%	103.16%	73.13%	79.08%	54.93%	103.64%	99.13%	0.00%	0.00%	0.00%	0.00%
Retained Earnings	5,628M	5,164M	4,726M	4,186M	3,645M	3,115M	2,675M	6,019M	5,609M	5,256M	4,752M	4,185M	4,132M	4,718M	4,601M	4,153M	3,834M	3,555M	3,309M	3,065M	2,879M	2,726M	2,494M	2,281M	2,030M	1,779M	1,525M	1,299M	1,079M	925M	759M	902M	727M	563M	415M	396M	270M
Return on Retained Earnings	11.00%	12.22%	9.41%	9.45%	10.41%	12.09%	17.00%	10.04%	9.72%	13.25%	15.66%	12.43%	-9.30%	6.58%	12.77%	11.77%	11.19%	10.34%	10.63%	8.88%	8.09%	9.78%	9.38%	11.96%	13.43%	15.43%	16.16%	18.07%	15.28%	19.23%	16.14%	25.26%	29.71%	34.36%	44.25%	44.81%	54.70%
Accumulated OCI	-543M	-419M	-478M	-442M	-401M	-390M	-352M	-723M	-431M	-474M	-295M	-171M	-632M	-626M	-412M	-529M	-485M	-435M	-313M	-362M	-392M	-345M	-319M	-391M	-228M	-232M	-221M	-336M	-370M	-442M	-287M	-296M	-217M	-151M	-125M	-165M	-149M
Return on Accumulated OCI	-119.01%	-182.48%	-122.46%	-108.91%	-106.31%	-96.02%	-99.41%	-83.59%	-126.46%	-146.97%	-251.93%	-303.44%	60.81%	-49.58%	-142.55%	-92.42%	-88.51%	-84.38%	-112.54%	-75.17%	-59.44%	-77.42%	-73.39%	-69.84%	-119.50%	-118.22%	-111.69%	-69.81%	-44.57%	-40.29%	-42.68%	-76.91%	-99.31%	-128.08%	-147.31%	-107.90%	-99.19%
Minority Interest	98M	70M	61M	50M	38M	31M	26M	123M	153M	17M	17M	42M	44M	48M	65M	59M	40M	35M	40M	26M	20M	17M	14M	11M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Minority Interest	1,663.95%	2,132.58%	1,327.37%	1,267.28%	1,158.09%	926.47%	772.06%	492.34%	355.48%	4,144.05%	4,429.76%	1,241.29%	-867.04%	648.23%	909.13%	834.13%	1,086.33%	1,064.93%	872.95%	1,046.54%	1,182.23%	1,568.82%	1,694.93%	2,457.66%	0.00%	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 Shareholders’ Equity	4,429M	4,008M	3,387M	2,914M	2,484M	2,057M	1,771M	4,797M	4,534M	3,957M	3,584M	3,168M	2,579M	3,108M	3,174M	2,663M	2,311M	2,200M	2,301M	1,933M	1,702M	1,691M	1,601M	1,312M	1,399M	838M	820M	524M	372M	221M	244M	384M	216M	367M	349M	425M	353M
Return on Total Shareholders’ Equity	14.07%	15.88%	12.99%	13.70%	16.16%	24.10%	29.72%	12.59%	12.03%	17.60%	20.76%	16.42%	-14.90%	9.99%	18.50%	18.36%	18.57%	16.70%	15.29%	14.08%	13.68%	15.77%	14.61%	20.79%	19.49%	32.75%	30.05%	44.82%	44.39%	80.54%	50.31%	59.44%	100.14%	52.77%	52.58%	41.80%	41.79%
Total Equity	4,527M	4,078M	3,448M	2,963M	2,522M	2,090M	1,798M	4,920M	4,688M	3,973M	3,601M	3,210M	2,623M	3,156M	3,239M	2,721M	2,350M	2,235M	2,341M	1,959M	1,722M	1,708M	1,615M	1,324M	1,399M	838M	820M	524M	372M	221M	244M	441M	216M	367M	349M	425M	353M
Return on Total Equity	13.81%	15.66%	12.78%	13.49%	15.99%	23.66%	29.35%	12.28%	11.63%	17.52%	20.67%	16.20%	-14.64%	9.84%	18.13%	17.96%	18.26%	16.44%	15.03%	13.89%	13.52%	15.61%	14.48%	20.61%	19.49%	32.75%	30.05%	44.82%	44.39%	80.54%	50.31%	51.72%	100.13%	52.77%	52.58%	41.79%	41.79%
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
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%
Total Investments	54M	84M	42M	28M	21M	17M	14M	0M	89M	75M	128M	128M	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 Investments	515.96%	507.59%	253.79%	169.20%	126.90%	101.52%	84.60%	0.00%	613.39%	934.50%	582.77%	407.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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	5,279M	4,720M	3,501M	2,731M	2,273M	1,977M	1,734M	4,841M	5,494M	5,502M	5,070M	2,694M	2,981M	2,412M	2,368M	2,543M	1,102M	1,398M	1,206M	1,584M	886M	880M	1,071M	1,161M	1,306M	436M	519M	602M	784M	894M	722M	959M	877M	826M	300M	317M	297M
Return on Net Debt	11.69%	13.81%	15.20%	18.75%	22.90%	23.14%	26.46%	12.48%	9.92%	12.65%	14.68%	19.31%	-12.88%	12.87%	24.80%	19.22%	38.94%	26.28%	29.17%	17.18%	26.30%	30.30%	21.84%	23.49%	20.89%	62.94%	47.53%	38.98%	21.03%	19.91%	16.96%	23.78%	24.62%	23.41%	61.23%	56.10%	49.73%

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
Net Income	615M	622M	454M	402M	367M	330M	306M	604M	545M	696M	744M	520M	-384M	311M	587M	489M	429M	367M	352M	272M	233M	267M	234M	273M	273M	275M	247M	235M	165M	178M	123M	228M	216M	193M	184M	178M	148M
Working Capital	-586M	-587M	-431M	-298M	-244M	-193M	-144M	-451M	-663M	-645M	-1,170M	-5M	-150M	76M	-675M	-587M	-42M	-218M	-14M	-117M	87M	110M	-75M	36M	-122M	-237M	-14M	-157M	-69M	-142M	82M	338M	105M	101M	73M	107M	116M
Return on Working Capital	-108.08%	-2,244.65%	-1,174.25%	-941.97%	-788.27%	-642.50%	-504.05%	-133.98%	-82.28%	-107.99%	-63.59%	-10,835.42%	256.58%	411.26%	-86.99%	-83.31%	-1,016.82%	-168.53%	-2,495.04%	-232.96%	266.48%	243.12%	-310.21%	762.01%	-223.71%	-115.87%	-1,748.23%	-149.21%	-239.33%	-125.09%	149.21%	67.50%	206.40%	191.11%	250.61%	165.52%	127.22%
Total Capital	9,932M	9,245M	7,265M	5,946M	5,000M	4,238M	3,688M	9,807M	10,245M	9,744M	8,879M	7,547M	5,961M	5,743M	5,879M	5,335M	3,506M	3,726M	3,743M	3,664M	2,716M	2,691M	2,775M	2,532M	2,787M	1,342M	1,376M	1,178M	1,195M	1,146M	999M	1,432M	1,229M	1,283M	702M	791M	677M
Return on Total Capital	6.21%	6.78%	6.43%	7.30%	8.84%	10.17%	11.91%	6.16%	5.32%	7.15%	8.38%	6.89%	-6.44%	5.41%	9.99%	9.16%	12.24%	9.86%	9.40%	7.43%	8.58%	9.91%	8.43%	10.78%	9.79%	20.45%	17.91%	19.93%	13.80%	15.54%	12.26%	15.92%	17.56%	15.07%	26.18%	22.44%	21.83%
Capital Employed	9,914M	9,124M	7,337M	6,081M	5,147M	4,371M	3,821M	9,948M	10,261M	9,533M	8,750M	7,129M	6,550M	6,326M	5,560M	5,404M	3,905M	3,851M	3,877M	3,865M	3,144M	3,114M	3,058M	2,942M	2,977M	1,209M	1,537M	1,100M	1,199M	1,079M	1,147M	1,803M	1,335M	1,410M	850M	973M	803M
Return on Capital Employed	6.23%	6.90%	6.41%	7.05%	8.53%	9.82%	11.12%	6.07%	5.31%	7.30%	8.51%	7.30%	-5.86%	4.91%	10.56%	9.04%	10.99%	9.54%	9.07%	7.04%	7.41%	8.56%	7.65%	9.27%	9.16%	22.71%	16.04%	21.33%	13.76%	16.50%	10.68%	12.65%	16.17%	13.72%	21.62%	18.25%	18.39%
Invested Capital	9,708M	8,728M	6,888M	5,644M	4,756M	4,033M	3,505M	9,638M	10,029M	9,459M	8,655M	5,862M	5,560M	5,520M	5,542M	5,206M	3,413M	3,598M	3,507M	3,517M	2,588M	2,572M	2,672M	2,474M	2,705M	1,274M	1,339M	1,126M	1,156M	1,115M	966M	1,342M	1,093M	1,193M	649M	742M	650M
Return on Invested Capital	6.36%	7.31%	6.78%	7.68%	9.25%	10.63%	12.56%	6.27%	5.44%	7.36%	8.60%	8.87%	-6.91%	5.63%	10.60%	9.39%	12.57%	10.21%	10.03%	7.74%	9.00%	10.37%	8.75%	11.03%	10.08%	21.54%	18.41%	20.85%	14.27%	15.96%	12.68%	16.99%	19.76%	16.21%	28.29%	23.95%	22.71%

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
Net Income	615M	622M	454M	402M	367M	330M	306M	659M	563M	604M	545M	696M	744M	520M	-384M	311M	587M	489M	429M	367M	352M	272M	233M	267M	234M	273M	273M	275M	247M	235M	165M	178M	123M	228M	216M	193M	184M	178M	148M
Depreciation & Amortization	623M	552M	417M	337M	283M	245M	219M	715M	666M	681M	620M	569M	490M	399M	337M	316M	291M	269M	200M	204M	190M	163M	165M	168M	159M	155M	128M	83M	82M	79M	94M	80M	106M	106M	125M	104M	77M	68M	64M
Return on Depreciation & Amortization	99.73%	116.29%	116.42%	133.05%	158.17%	167.61%	176.07%	92.18%	84.50%	88.76%	87.98%	122.44%	152.00%	130.25%	-113.87%	98.29%	201.89%	181.91%	214.55%	179.92%	184.87%	166.52%	141.24%	158.94%	147.29%	175.55%	213.55%	331.52%	299.88%	298.22%	175.24%	223.34%	115.35%	214.69%	172.31%	186.32%	238.26%	263.11%	231.87%
Deferred Income Tax	-16M	5M	-14M	-12M	-7M	-2M	0M	8M	-48M	-67M	-70M	88M	9M	67M	-83M	1M	-44M	-13M	-29M	-10M	-10M	-27M	4M	0M	15M	8M	8M	-3M	12M	25M	16M	18M	8M	20M	21M	35M	10M	-22M	15M
Return on Deferred Income Tax	-296.51%	1,578.94%	2,565.69%	19,356.38%	14,523.14%	11,843.43%	9,991.44%	8,336.71%	-1,184.21%	-902.99%	-776.78%	790.24%	8,002.15%	782.11%	464.45%	23,884.62%	-1,331.75%	-3,760.00%	-1,495.12%	-3,827.08%	-3,626.80%	-1,026.79%	6,469.44%	266,700.00%	1,591.16%	3,542.86%	3,451.90%	-10,557.69%	2,088.98%	927.67%	1,043.67%	994.41%	1,493.90%	1,163.27%	1,033.01%	558.96%	1,893.81%	-800.00%	971.71%
Stock-Based Compensation	72M	65M	53M	45M	38M	30M	25M	84M	82M	82M	72M	63M	55M	55M	50M	43M	38M	37M	38M	38M	32M	28M	24M	22M	20M	20M	18M	17M	8M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Stock-Based Compensation	870.64%	983.66%	884.44%	936.73%	1,137.42%	909.93%	758.28%	787.80%	682.65%	740.32%	759.47%	1,112.14%	1,355.56%	950.82%	-772.84%	730.59%	1,533.42%	1,317.52%	1,117.45%	964.30%	1,092.55%	971.79%	954.51%	1,223.39%	1,193.37%	1,370.85%	1,549.43%	1,577.59%	3,006.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-215M	-125M	-10M	-12M	-11M	-17M	-18M	13M	53M	22M	-43M	-626M	-26M	49M	388M	-5M	-67M	71M	140M	27M	13M	14M	-51M	-81M	-14M	-15M	24M	-2M	-29M	-6M	-32M	-46M	-47M	-84M	-30M	-43M	-45M	82M	-81M
Return on Change in Working Capital	454.70%	-80.83%	-728.31%	-132.61%	-1,070.36%	-1,065.06%	-939.05%	4,989.39%	1,065.34%	2,758.45%	-1,283.06%	-111.29%	-2,829.66%	1,061.43%	-99.10%	-6,900.00%	-875.26%	688.45%	306.94%	1,350.74%	2,727.13%	2,000.74%	-456.67%	-328.04%	-1,682.73%	-1,855.78%	1,117.62%	-16,147.06%	-850.00%	-3,785.48%	-518.55%	-384.45%	-258.99%	-271.75%	-714.90%	-451.87%	-412.81%	216.32%	-181.90%
Accounts Receivable	-76M	-78M	-57M	-43M	-33M	-26M	-22M	-64M	15M	-66M	-23M	-139M	-66M	-94M	-61M	-37M	-1M	-56M	-27M	-28M	-2M	-17M	-27M	-4M	13M	24M	-2M	-23M	-14M	-17M	18M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Receivable	-1,251.27%	-1,086.61%	-5,328.63%	-5,275.47%	-4,807.45%	-3,863.48%	-3,219.57%	-1,027.46%	3,676.47%	-911.16%	-2,340.34%	-502.31%	-1,124.17%	-555.07%	626.59%	-830.21%	-45,176.92%	-877.56%	-1,595.17%	-1,321.58%	-14,658.33%	-1,581.98%	-875.56%	-7,408.33%	1,827.34%	1,127.27%	-17,043.75%	-1,203.95%	-1,723.78%	-1,364.53%	926.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	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 Inventory	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accounts Payable	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 Accounts Payable	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 Working Capital	-139M	-47M	43M	28M	20M	6M	0M	77M	38M	88M	-19M	-487M	40M	143M	449M	47M	-66M	93M	140M	55M	13M	31M	-24M	-78M	-28M	-36M	26M	21M	-15M	11M	-52M	-48M	-47M	-117M	-30M	-43M	-45M	75M	-91M
Return on Other Working Capital	-766.05%	-13.70%	44.40%	232.65%	127.97%	141.99%	68.17%	852.01%	1,500.00%	684.92%	-2,840.10%	-142.96%	1,865.16%	364.47%	-85.56%	657.84%	-892.55%	525.59%	307.16%	668.00%	2,792.06%	883.44%	-954.51%	-343.24%	-847.46%	-755.68%	1,048.85%	1,300.95%	-1,676.87%	2,133.64%	-314.69%	-374.74%	-258.99%	-194.85%	-714.90%	-451.87%	-412.81%	236.80%	-161.95%
Other Non-Cash Items	-17M	-28M	-19M	-13M	-8M	2M	1M	-11M	0M	0M	-14M	-37M	59M	-150M	0M	0M	0M	-36M	-15M	-18M	-17M	37M	25M	-31M	-1M	1M	0M	19M	26M	-22M	52M	18M	222M	-61M	-7M	0M	64M	-101M	4M
Return on Other Non-Cash Items	-1,947.77%	-985.11%	-911.01%	-834.23%	-3,110.31%	-2,491.37%	4,391.55%	-6,098.15%	0.00%	0.00%	-3,951.45%	-1,891.85%	1,265.65%	-347.89%	0.00%	0.00%	0.00%	-1,361.56%	-2,823.03%	-2,075.71%	-2,119.28%	735.41%	927.89%	-871.57%	-17,992.31%	34,100.00%	-68,175.00%	1,437.17%	937.26%	-1,076.61%	320.19%	994.41%	55.28%	-371.34%	-2,998.61%	193,400.00%	288.84%	-176.02%	3,516.67%
Net Cash from Operating Activities	1,066M	1,096M	881M	750M	664M	587M	535M	1,470M	1,322M	1,325M	1,117M	757M	1,335M	946M	314M	672M	816M	785M	742M	616M	566M	496M	409M	353M	418M	445M	450M	374M	338M	311M	294M	249M	255M	284M	325M	289M	293M	309M	160M
Return on Net Cash from Operating Activities	62.13%	59.42%	41.30%	48.15%	52.32%	55.12%	57.46%	44.81%	42.56%	45.61%	48.83%	91.96%	55.75%	54.97%	-122.40%	46.19%	71.97%	62.31%	57.82%	59.62%	62.12%	54.83%	56.99%	75.64%	55.90%	61.34%	60.61%	73.34%	72.97%	75.54%	56.13%	71.63%	48.02%	80.24%	66.49%	66.90%	62.74%	57.51%	92.37%
Capital Expenditures (PPE)	-579M	-526M	-388M	-286M	-233M	-192M	-183M	-470M	-538M	-512M	-601M	-625M	-469M	-421M	-400M	-322M	-218M	-167M	-146M	-86M	-83M	-66M	-75M	-100M	-71M	-111M	-119M	-52M	-17M	-17M	-15M	-13M	-47M	-37M	-61M	-523M	-35M	-56M	-32M
Return on Capital Expenditures (PPE)	-106.76%	-120.48%	-145.81%	-219.71%	-303.23%	-435.25%	-419.50%	-140.04%	-104.50%	-118.10%	-90.69%	-111.48%	-158.68%	-123.45%	96.12%	-96.46%	-269.16%	-292.69%	-293.50%	-425.23%	-422.33%	-412.27%	-310.53%	-267.23%	-330.83%	-246.88%	-230.13%	-527.88%	-1,433.14%	-1,422.42%	-1,129.45%	-1,390.63%	-260.08%	-614.03%	-352.78%	-36.95%	-530.92%	-317.14%	-465.93%
Acquisitions (Net)	-204M	-723M	-599M	-508M	-415M	-364M	-304M	0M	-8M	0M	-277M	-335M	-2,934M	-71M	-298M	-145M	-140M	-1,792M	-2M	-343M	-50M	-1,018M	-129M	-83M	-199M	-31M	-300M	-34M	-122M	-17M	-41M	-321M	-44M	-383M	0M	0M	0M	0M	0M
Return on Acquisitions (Net)	-134.92%	-231.71%	-2,850.93%	-1,989.72%	-1,596.58%	-1,363.29%	-1,136.07%	0.00%	-7,211.54%	0.00%	-196.93%	-207.82%	-25.36%	-728.43%	128.94%	-213.84%	-419.80%	-27.28%	-26,818.75%	-107.14%	-699.40%	-26.74%	-180.40%	-322.88%	-117.30%	-877.17%	-90.90%	-797.97%	-202.38%	-1,348.85%	-405.16%	-55.42%	-281.61%	-59.56%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0M	0M	-1M	-1M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-11M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Purchases of Investments	0.00%	0.00%	-452.59%	-301.73%	-226.30%	-181.04%	-150.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4,525.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	0M	0M	0M	0M	1M	3M	2M	-1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	10M	59M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Sales / Maturities of Investments	0.00%	0.00%	0.00%	0.00%	122.03%	113.43%	94.52%	-82,325.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2,440.59%	395.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	0M	1M	2M	1M	1M	1M	-10M	2M	0M	0M	0M	0M	5M	0M	0M	6M	9M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	-1M	-44M	-7M	-50M	100M	-57M	-84M	-86M	-56M	-43M
Return on Other Investing Activities	0.00%	3,037.55%	2,756.15%	1,837.43%	-2,053.18%	-2,700.20%	-2,299.59%	41,162.50%	0.00%	0.00%	0.00%	0.00%	15,187.76%	0.00%	0.00%	5,544.64%	6,829.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-68,625.00%	0.00%	-23,470.00%	-375.63%	-2,579.71%	-245.00%	228.92%	-381.45%	-229.42%	-213.85%	-317.71%	-340.32%
Net Cash from Investing Activities	-783M	-1,248M	-987M	-781M	-640M	-547M	-493M	-470M	-546M	-512M	-878M	-960M	-3,398M	-493M	-698M	-462M	-350M	-1,969M	-148M	-429M	-134M	-1,084M	-204M	1M	-270M	-142M	-422M	-87M	-158M	-7M	-100M	-341M	-107M	-339M	-118M	-608M	-121M	-186M	-82M
Return on Net Cash from Investing Activities	-84.25%	-76.04%	-87.56%	1,687.08%	1,224.50%	819.18%	661.18%	-140.28%	-103.00%	-118.10%	-62.09%	-72.56%	-21.90%	-105.56%	55.07%	-67.28%	-168.04%	-24.82%	-290.32%	-85.58%	-263.32%	-25.11%	-114.11%	26,670.00%	-86.60%	-192.66%	-64.57%	-316.24%	-156.11%	-3,610.77%	-165.40%	-52.20%	-115.02%	-67.17%	-183.28%	-31.82%	-152.45%	-95.74%	-180.78%
Net Debt Issuance	-97M	325M	331M	245M	200M	146M	144M	-661M	-534M	-705M	-78M	492M	920M	998M	747M	-65M	30M	1,298M	-331M	90M	-282M	718M	8M	-160M	-71M	-155M	689M	-52M	-93M	-161M	-105M	149M	-290M	49M	97M	549M	-17M	33M	27M
Return on Net Debt Issuance	-215.60%	-102.76%	82.71%	267.12%	137.43%	119.67%	108.29%	-99.68%	-105.42%	-85.74%	-702.71%	141.65%	80.86%	52.14%	-51.45%	-479.91%	1,964.21%	37.67%	-129.64%	408.68%	-124.62%	37.89%	3,024.68%	-166.90%	-330.37%	-175.66%	39.59%	-525.86%	-265.91%	-145.69%	-156.75%	119.70%	-42.30%	468.17%	222.35%	35.20%	-1,093.45%	539.82%	553.18%
Long-Term Debt Issuance	-84M	268M	399M	275M	226M	181M	151M	-748M	-50M	-796M	294M	249M	597M	998M	748M	895M	-223M	1,225M	0M	-290M	-15M	484M	-17M	-26M	-173M	30M	549M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Long-Term Debt Issuance	129.69%	113.17%	32.52%	-301.26%	-184.00%	-147.20%	-122.67%	-88.01%	-1,122.75%	-75.91%	185.73%	279.26%	124.68%	52.10%	-51.33%	34.71%	-263.96%	39.91%	0.00%	-126.69%	-2,345.33%	56.22%	-1,394.61%	-1,033.72%	-135.52%	924.75%	49.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt Issuance	-13M	57M	-68M	-30M	-15M	-18M	-15M	88M	-484M	91M	-371M	242M	323M	-1M	-2M	-959M	252M	73M	-331M	380M	-267M	234M	24M	-134M	102M	-185M	140M	-12M	92M	-146M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	267.65%	-14,653.39%	-5,118.78%	-3,356.73%	-2,602.83%	-2,088.71%	-1,740.60%	751.83%	-116.34%	662.39%	-146.90%	287.45%	230.12%	-74,300.00%	21,338.89%	-32.37%	232.69%	669.59%	-129.64%	96.71%	-131.61%	116.23%	954.51%	-199.03%	229.76%	-147.62%	195.20%	-2,250.00%	267.06%	-161.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	42M	20M	-17M	-59M	-103M	-91M	-98M	-368M	81M	78M	32M	17M	-70M	42M	0M	0M	-77M	0M	-196M	-302M	-12M	-85M	-142M	-168M	-24M	-156M	-719M	-189M	-81M	-110M	-75M	-46M	-6M	17M	-203M	-150M	-111M	-80M	-116M
Return on Net Stock Issuance	2,193.42%	1,352.57%	578.25%	137.45%	20.86%	-44.66%	-62.26%	-179.06%	692.73%	772.51%	1,688.24%	4,119.53%	-1,064.66%	1,247.24%	0.00%	0.00%	-761.74%	0.00%	-218.59%	-121.82%	-2,956.30%	-319.74%	-163.67%	-159.22%	-982.77%	-175.21%	-37.94%	-145.16%	-303.57%	-213.56%	-218.70%	-390.35%	-2,076.27%	1,365.27%	-106.25%	-129.28%	-165.79%	-222.84%	-127.22%
Common Stock Issuance	42M	34M	17M	11M	14M	17M	17M	49M	81M	78M	32M	17M	0M	42M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	32M	26M	63M	28M	20M	34M	36M	23M	7M	12M	18M	26M	17M
Return on Common Stock Issuance	2,193.42%	1,565.50%	782.75%	521.83%	506.74%	546.21%	696.81%	1,352.36%	692.73%	772.51%	1,688.24%	4,119.53%	0.00%	1,247.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	862.97%	1,051.72%	392.52%	835.23%	845.64%	520.47%	336.54%	982.76%	3,084.29%	1,585.25%	1,003.83%	685.71%	889.76%
Common Stock Repurchased	0M	-14M	-34M	-70M	-115M	-107M	-114M	-417M	0M	0M	0M	0M	-70M	0M	0M	0M	-77M	0M	-196M	-302M	-12M	-85M	-142M	-168M	-24M	-156M	-719M	-215M	-144M	-138M	-95M	-80M	-42M	-7M	-210M	-162M	-129M	-106M	-133M
Return on Common Stock Repurchased	0.00%	-212.93%	-204.50%	-384.38%	-363.02%	-464.98%	-408.95%	-158.13%	0.00%	0.00%	0.00%	0.00%	-1,064.66%	0.00%	0.00%	0.00%	-761.74%	0.00%	-218.59%	-121.82%	-2,956.30%	-319.74%	-163.67%	-159.22%	-982.77%	-175.21%	-37.94%	-127.56%	-171.18%	-170.07%	-173.76%	-223.06%	-289.60%	-3,507.69%	-102.71%	-119.53%	-142.29%	-168.18%	-111.30%
Preferred Stock 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
Return on Preferred Stock 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%
Net Dividends Paid	-192M	-191M	-182M	-150M	-118M	-99M	-91M	-220M	-193M	-193M	-192M	-191M	-190M	-190M	-189M	-188M	-187M	-158M	-138M	-121M	-107M	-86M	-84M	-40M	-24M	-21M	-21M	-20M	-20M	-15M	-11M	-11M	-32M	-52M	-52M	-52M	-52M	-50M	-50M
Return on Net Dividends Paid	-320.43%	-325.49%	-252.41%	-294.22%	-530.03%	-640.02%	-593.03%	-298.82%	-291.60%	-312.68%	-284.31%	-364.31%	-391.68%	-274.46%	203.55%	-165.25%	-313.39%	-310.15%	-311.39%	-303.14%	-329.71%	-316.40%	-278.26%	-661.79%	-966.53%	-1,330.73%	-1,317.39%	-1,352.22%	-1,220.30%	-1,564.67%	-1,459.29%	-1,561.40%	-379.26%	-435.33%	-415.19%	-371.21%	-353.27%	-356.63%	-294.22%
Common Dividends Paid	-192M	-191M	-182M	-149M	-117M	-99M	-91M	-220M	-193M	-193M	-192M	-191M	-190M	-190M	-189M	-188M	-187M	-158M	-138M	-121M	-107M	-86M	-78M	-35M	-20M	-21M	-21M	-20M	-20M	-15M	-11M	-11M	-32M	-52M	-52M	-52M	-52M	-50M	-50M
Return on Common Dividends Paid	-320.43%	-325.49%	-252.41%	-301.95%	-545.39%	-652.33%	-603.32%	-298.82%	-291.60%	-312.68%	-284.31%	-364.31%	-391.68%	-274.46%	203.55%	-165.25%	-313.39%	-310.15%	-311.39%	-303.14%	-329.71%	-316.40%	-298.21%	-757.67%	-1,157.92%	-1,330.73%	-1,317.39%	-1,352.22%	-1,220.30%	-1,564.67%	-1,459.29%	-1,561.40%	-379.26%	-435.95%	-415.19%	-371.21%	-353.27%	-357.34%	-294.22%
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	-4M	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%	-292.38%	-233.90%	-194.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-5,847.50%	0.00%	0.00%	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	-46M	-44M	-26M	-3M	1M	1M	2M	-20M	-69M	-27M	-69M	-44M	-43M	-39M	0M	-58M	-29M	20M	26M	50M	68M	59M	17M	27M	11M	16M	33M	7M	1M	-3M	-3M	1M	2M	3M	5M	12M	11M	10M	7M
Return on Other Financing Activities	-1,546.68%	-1,543.30%	-39,030.25%	-25,747.72%	-16,809.64%	-12,674.12%	-10,181.82%	-3,260.40%	-810.52%	-2,254.10%	-789.15%	-1,596.79%	-1,742.86%	-1,333.59%	-384,100.00%	-531.68%	-2,018.21%	2,419.80%	1,644.06%	742.22%	518.88%	458.85%	1,386.31%	980.51%	2,227.62%	1,726.58%	826.36%	4,159.09%	41,083.33%	-7,823.33%	-4,850.00%	19,777.78%	5,326.09%	6,909.09%	4,233.33%	1,638.98%	1,640.18%	1,776.00%	2,110.00%
Net Cash from Financing Activities	-293M	110M	105M	34M	-19M	-43M	-42M	-1,269M	-715M	-846M	-306M	274M	618M	811M	558M	-311M	-264M	1,160M	-639M	-283M	-333M	606M	-196M	-335M	-108M	-319M	-18M	-255M	-194M	-289M	-195M	93M	-326M	16M	-153M	360M	-168M	-87M	-133M
Return on Net Cash from Financing Activities	1.64%	37.91%	-22.69%	-41.05%	-135.08%	-52.90%	-61.18%	-51.90%	-78.70%	-71.37%	-178.09%	254.37%	120.48%	64.15%	-68.85%	-99.84%	-222.72%	42.13%	-67.15%	-129.64%	-105.61%	44.88%	-118.89%	-79.54%	-215.97%	-85.49%	-1,549.43%	-107.65%	-127.39%	-81.21%	-84.43%	192.22%	-37.63%	1,390.24%	-141.11%	53.80%	-109.09%	-205.32%	-111.39%
Effect of FX on Cash	-8M	-4M	-1M	-2M	-2M	-2M	-2M	9M	-5M	-14M	-1M	-11M	-14M	19M	4M	-13M	4M	33M	-17M	-11M	-11M	0M	0M	-2M	5M	-11M	4M	0M	-1M	-1M	8M	-3M	-6M	-8M	-8M	-3M	0M	-1M	1M
Return on Effect of FX on Cash	-26,361.20%	-16,317.42%	-8,240.41%	7,431.70%	4,812.47%	2,689.59%	4,809.60%	7,484.09%	-10,416.67%	-4,474.81%	-68,162.50%	-6,446.30%	-5,240.85%	2,737.37%	-10,974.29%	-2,484.00%	13,658.14%	1,463.47%	-2,480.35%	-3,309.91%	-3,350.48%	272,100.00%	-58,225.00%	-13,335.00%	4,773.47%	-2,525.93%	7,176.32%	0.00%	-24,650.00%	-19,558.33%	1,986.75%	-6,357.14%	-2,187.50%	-2,893.40%	-2,732.91%	-7,736.00%	91,850.00%	-17,760.00%	13,427.27%
Net Change in Cash	-18M	-46M	4M	4M	6M	3M	4M	-260M	56M	-47M	-68M	61M	-1,460M	1,283M	178M	-113M	207M	36M	-35M	-108M	89M	19M	8M	16M	45M	-23M	14M	30M	-15M	14M	9M	-3M	-26M	-47M	46M	38M	4M	24M	-53M
Return on Net Change in Cash	-311.51%	-189.00%	-102.10%	326.61%	272.40%	58.34%	246.14%	-253.21%	1,011.69%	-1,288.06%	-797.22%	1,150.74%	-50.98%	40.53%	-216.15%	-275.27%	283.58%	1,357.78%	-1,226.00%	-341.45%	394.84%	1,424.61%	2,806.02%	1,636.20%	520.94%	-1,165.81%	1,976.09%	905.94%	-1,688.36%	1,676.43%	1,873.86%	-6,592.59%	-464.02%	-483.22%	469.35%	503.65%	4,480.49%	749.37%	-277.11%
Cash at Beginning of Period	242M	563M	372M	297M	238M	202M	178M	1,003M	1,012M	217M	285M	225M	1,685M	401M	224M	336M	129M	93M	128M	236M	147M	128M	119M	103M	58M	82M	68M	38M	52M	38M	31M	33M	60M	137M	91M	52M	48M	26M	79M
Return on Cash at Beginning of Period	259.89%	190.69%	218.65%	216.58%	279.61%	306.30%	317.11%	65.65%	55.57%	278.64%	191.20%	309.84%	44.18%	129.60%	-171.78%	92.30%	454.22%	523.90%	334.45%	155.74%	239.65%	213.08%	195.06%	258.68%	401.89%	334.31%	402.21%	732.00%	473.13%	616.01%	540.66%	536.14%	205.54%	166.92%	238.30%	369.79%	381.12%	680.46%	186.02%
Cash at End of Period	224M	516M	377M	302M	244M	205M	182M	743M	1,068M	170M	217M	285M	225M	1,685M	401M	224M	336M	129M	93M	128M	236M	147M	128M	119M	103M	58M	82M	68M	38M	52M	39M	31M	33M	89M	137M	91M	52M	50M	26M
Return on Cash at End of Period	283.73%	242.65%	226.89%	219.70%	269.38%	298.61%	303.67%	88.63%	52.67%	355.56%	251.52%	244.11%	331.20%	30.87%	-95.71%	138.86%	174.58%	378.04%	459.91%	286.36%	149.13%	185.35%	182.38%	223.37%	226.87%	468.73%	334.19%	404.87%	657.33%	450.48%	419.59%	583.61%	368.98%	255.00%	158.05%	213.23%	351.24%	356.63%	565.90%
Operating Cash Flow	1,066M	1,096M	881M	750M	664M	587M	535M	1,470M	1,322M	1,325M	1,117M	757M	1,335M	946M	314M	672M	816M	785M	742M	616M	566M	496M	409M	353M	418M	445M	450M	374M	338M	311M	294M	249M	255M	284M	325M	289M	293M	309M	160M
Return on Operating Cash Flow	62.13%	59.42%	41.30%	48.15%	52.32%	55.12%	57.46%	44.81%	42.56%	45.61%	48.83%	91.96%	55.75%	54.97%	-122.40%	46.19%	71.97%	62.31%	57.82%	59.62%	62.12%	54.83%	56.99%	75.64%	55.90%	61.34%	60.61%	73.34%	72.97%	75.54%	56.13%	71.63%	48.02%	80.24%	66.49%	66.90%	62.74%	57.51%	92.37%
Capital Expenditure	-579M	-526M	-388M	-286M	-233M	-192M	-183M	-470M	-538M	-512M	-601M	-625M	-469M	-421M	-400M	-322M	-218M	-167M	-146M	-86M	-83M	-66M	-75M	-100M	-71M	-111M	-119M	-52M	-17M	-17M	-15M	-13M	-47M	-37M	-61M	-523M	-35M	-56M	-32M
Return on Capital Expenditure	-106.76%	-120.48%	-145.81%	-219.71%	-303.23%	-435.25%	-419.50%	-140.04%	-104.50%	-118.10%	-90.69%	-111.48%	-158.68%	-123.45%	96.12%	-96.46%	-269.16%	-292.69%	-293.50%	-425.23%	-422.33%	-412.27%	-310.53%	-267.23%	-330.83%	-246.88%	-230.13%	-527.88%	-1,433.14%	-1,422.42%	-1,129.45%	-1,390.63%	-260.08%	-614.03%	-352.78%	-36.95%	-530.92%	-317.14%	-465.93%
Free Cash Flow	487M	570M	493M	464M	431M	395M	352M	999M	784M	813M	516M	133M	866M	525M	-86M	350M	598M	618M	596M	530M	483M	430M	334M	253M	348M	334M	331M	322M	321M	294M	279M	236M	208M	247M	264M	-234M	258M	253M	128M
Return on Free Cash Flow	235.04%	178.03%	167.59%	137.11%	122.49%	112.62%	102.38%	65.90%	71.79%	74.31%	105.78%	525.04%	85.96%	99.09%	447.67%	88.64%	98.24%	79.16%	72.01%	69.35%	72.84%	63.23%	69.79%	105.50%	67.27%	81.63%	82.29%	85.17%	76.89%	79.78%	59.06%	75.52%	58.89%	92.30%	81.94%	-82.54%	71.15%	70.25%	115.21%

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
Net Income	620M	627M	460M	409M	372M	335M	310M	661M	568M	607M	552M	700M	749M	526M	-378M	317M	598M	495M	435M	374M	360M	281M	242M	275M	241M	279M	273M	275M	247M	235M	165M	178M	123M	228M	216M	193M	187M	178M	148M
EBITDA	1,660M	1,558M	1,174M	1,017M	903M	809M	742M	1,814M	1,667M	1,720M	1,579M	1,681M	1,584M	1,226M	35M	790M	1,130M	1,089M	900M	847M	791M	650M	626M	599M	547M	639M	611M	519M	504M	455M	439M	432M	420M	415M	540M	470M	401M	334M	286M
Return on EBITDA	37.30%	40.41%	-68.53%	-31.20%	-11.69%	-0.77%	7.11%	36.45%	34.10%	35.30%	34.94%	41.65%	47.24%	42.92%	-1,074.15%	40.14%	52.91%	45.46%	48.29%	44.16%	45.51%	43.19%	38.62%	45.87%	43.98%	43.68%	44.65%	52.90%	48.89%	51.64%	37.57%	41.18%	29.14%	54.97%	40.00%	41.19%	46.61%	53.11%	51.72%
(-) Tax Adjustment	404M	366M	280M	272M	252M	236M	225M	463M	433M	431M	366M	415M	335M	285M	-3M	114M	225M	349M	285M	295M	282M	235M	258M	211M	176M	206M	219M	176M	186M	175M	161M	170M	177M	180M	221M	192M	171M	139M	116M
Return on (-) Tax Adjustment	153.48%	173.76%	1,415.79%	983.73%	772.03%	639.12%	551.36%	142.97%	131.35%	140.82%	150.91%	168.71%	223.43%	184.95%	12,450.49%	278.40%	265.81%	142.03%	152.33%	126.64%	127.77%	119.42%	93.80%	130.48%	136.57%	135.23%	124.80%	155.60%	132.46%	134.49%	102.48%	104.65%	69.21%	126.58%	97.56%	100.73%	109.44%	127.37%	127.69%
(-) Change In Working Capital	-215M	-125M	-10M	-12M	-11M	-17M	-18M	13M	53M	22M	-43M	-626M	-26M	49M	388M	-5M	-67M	71M	140M	27M	13M	14M	-51M	-81M	-14M	-15M	24M	-2M	-29M	-6M	-32M	-46M	-47M	-84M	-30M	-43M	-45M	82M	-81M
Return on (-) Change In Working Capital	454.34%	-81.82%	-743.40%	-134.42%	-1,076.19%	-1,069.72%	-943.18%	5,009.85%	1,076.52%	2,773.06%	-1,298.12%	-111.92%	-2,846.01%	1,073.88%	-97.55%	-7,044.44%	-891.21%	697.32%	311.02%	1,375.00%	2,789.92%	2,064.71%	-473.92%	-338.01%	-1,730.22%	-1,897.96%	1,117.62%	-16,147.06%	-850.00%	-3,785.48%	-518.55%	-384.45%	-258.99%	-271.75%	-714.90%	-451.87%	-420.00%	216.32%	-181.90%
(-) Capital Expenditure	-579M	-526M	-388M	-286M	-233M	-192M	-183M	-470M	-538M	-512M	-601M	-625M	-469M	-421M	-400M	-322M	-218M	-167M	-146M	-86M	-83M	-66M	-75M	-100M	-71M	-111M	-119M	-52M	-17M	-17M	-15M	-13M	-47M	-37M	-61M	-523M	-35M	-56M	-32M
Return on (-) Capital Expenditure	-107.53%	-121.42%	-147.89%	-224.46%	-307.53%	-438.69%	-422.68%	-140.61%	-105.59%	-118.73%	-91.75%	-112.12%	-159.59%	-124.90%	94.62%	-98.48%	-274.06%	-296.47%	-297.40%	-432.87%	-432.05%	-425.45%	-322.27%	-275.35%	-340.17%	-252.49%	-230.13%	-527.88%	-1,433.14%	-1,422.42%	-1,129.45%	-1,390.63%	-260.08%	-614.03%	-352.78%	-36.95%	-540.17%	-317.14%	-465.93%
Unlevered Free Cash Flow	893M	791M	515M	470M	429M	398M	352M	868M	643M	756M	655M	1,267M	807M	471M	-749M	359M	754M	502M	329M	438M	413M	335M	344M	370M	314M	337M	249M	292M	330M	270M	295M	296M	244M	281M	288M	-203M	240M	57M	219M
Return on Unlevered Free Cash Flow	73.30%	84.87%	87.32%	84.93%	85.57%	81.83%	82.77%	76.17%	88.36%	80.38%	84.26%	55.25%	92.79%	111.65%	50.48%	88.42%	79.29%	98.55%	132.17%	85.37%	87.14%	83.73%	70.21%	74.27%	76.62%	82.87%	109.35%	93.95%	74.72%	87.03%	55.86%	60.21%	50.29%	81.01%	75.09%	-95.23%	77.83%	312.34%	67.31%
(-) Net Interest Income After Taxes	-165M	-144M	-111M	-87M	-71M	-57M	-48M	-159M	-173M	-172M	-186M	-138M	-115M	-109M	-121M	-89M	-74M	-63M	-44M	-45M	-45M	-35M	-32M	-36M	-39M	-48M	-38M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on (-) Net Interest Income After Taxes	-386.40%	-459.00%	-493.43%	-590.84%	-539.44%	-431.55%	-359.63%	-414.96%	-328.62%	-353.78%	-297.39%	-508.03%	-651.92%	-483.90%	311.61%	-357.87%	-804.53%	-790.66%	-997.81%	-837.03%	-796.26%	-794.07%	-745.61%	-755.40%	-622.37%	-577.98%	-725.81%	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	-97M	325M	331M	245M	200M	146M	144M	-661M	-534M	-705M	-78M	492M	920M	998M	747M	-65M	30M	1,298M	-331M	90M	-282M	718M	8M	-160M	-71M	-155M	689M	-52M	-93M	-161M	-105M	149M	-290M	49M	97M	549M	-17M	33M	27M
Return on Net Debt Issuance	-218.23%	-104.12%	84.56%	276.01%	143.43%	124.47%	111.66%	-100.09%	-106.52%	-86.19%	-710.95%	142.46%	81.33%	52.75%	-50.65%	-489.95%	2,000.00%	38.15%	-131.36%	416.02%	-127.49%	39.10%	3,138.96%	-171.96%	-339.69%	-179.65%	39.59%	-525.86%	-265.91%	-145.69%	-156.75%	119.70%	-42.30%	468.17%	222.35%	35.20%	-1,112.50%	539.82%	553.18%
Levered Free Cash Flow	961M	1,260M	957M	802M	700M	601M	544M	367M	283M	223M	763M	1,897M	1,842M	1,578M	119M	382M	858M	1,863M	42M	573M	176M	1,089M	384M	247M	282M	230M	976M	240M	237M	109M	190M	444M	-46M	330M	385M	346M	223M	90M	246M
Return on Levered Free Cash Flow	127.36%	91.22%	136.35%	122.24%	114.33%	97.30%	96.20%	180.28%	201.11%	272.83%	72.34%	36.92%	40.64%	33.35%	-318.07%	82.89%	69.66%	26.58%	1,046.40%	65.31%	204.58%	25.79%	62.89%	111.45%	85.36%	121.49%	27.95%	114.38%	103.92%	216.13%	86.80%	40.06%	-266.31%	69.06%	56.13%	55.85%	83.69%	197.86%	60.01%