Cash Flow
In millions of USD (except for per share items)
| Year Ending Dec 2025 (Update) | Year Ending Dec 2024 (Update) | Year Ending Dec 2023 (Update) | Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Update) | |
|---|---|---|---|---|---|
| Net Income/Starting Line | 950.00 | 890.00 | 609.00 | 355.00 | 427.00 |
| Depreciation – Supplemental | 267.00 | 258.00 | 193.00 | 111.00 | 118.00 |
| Depreciation/Depletion | 267.00 | 258.00 | 193.00 | 111.00 | 118.00 |
| Amortization of Intangibles | 308.00 | 304.00 | 243.00 | 125.00 | 127.00 |
| Amortization | 308.00 | 304.00 | 243.00 | 125.00 | 127.00 |
| Deferred Taxes | -35.00 | -36.00 | -79.00 | -64.00 | 10.00 |
| Unusual Items | 52.00 | -76.00 | 47.00 | 157.00 | -20.00 |
| Other Non-Cash Items | 32.00 | 35.00 | 35.00 | 14.00 | 12.00 |
| Non-Cash Items | 84.00 | -41.00 | 82.00 | 171.00 | -8.00 |
| Accounts Receivable | -201.00 | -107.00 | -87.00 | -192.00 | -70.00 |
| Inventories | 23.00 | -41.00 | 41.00 | -147.00 | -167.00 |
| Accounts Payable | -22.00 | 64.00 | 22.00 | 117.00 | 81.00 |
| Accrued Expenses | -69.00 | 31.00 | -113.00 | 114.00 | -2.00 |
| Other Assets & Liabilities, Net | -64.00 | -59.00 | -74.00 | 6.00 | 22.00 |
| Other Operating Cash Flow | -1.00 | -11.00 | |||
| Changes in Working Capital | -334.00 | -123.00 | -211.00 | -102.00 | -136.00 |
| Cash from Operating Activities | 1.24M | 1.25M | 837.00 | 596.00 | 538.00 |
| Purchase of Fixed Assets | -331.00 | -321.00 | -271.00 | -208.00 | -208.00 |
| Purchase/Acquisition of Intangibles | -37.00 | ||||
| Capital Expenditures | -368.00 | -321.00 | -271.00 | -208.00 | -208.00 |
| Acquisition of Business | -163.00 | -193.00 | -476.00 | -- | |
| Sale of Business | 49.00 | 11.00 | 105.00 | 1.00 | 10.00 |
| Sale of Fixed Assets | 17.00 | 4.00 | 1.00 | ||
| Sale/Maturity of Investment | 8.00 | 6.00 | 1.00 | 8.00 | 3.00 |
| Purchase of Investments | -49.00 | -17.00 | -58.00 | -11.00 | -- |
| Other Investing Cash Flow | 35.00 | 28.00 | 70.00 | 19.00 | 12.00 |
| Other Investing Cash Flow Items, Total | -103.00 | -161.00 | -357.00 | 17.00 | 25.00 |
| Cash from Investing Activities | -471.00 | -482.00 | -628.00 | -191.00 | -183.00 |
| Other Financing Cash Flow | -34.00 | -28.00 | -13.00 | -2.00 | -3.00 |
| Financing Cash Flow Items | -34.00 | -28.00 | -13.00 | -2.00 | -3.00 |
| Cash Dividends Paid - Common | -391.00 | -350.00 | -299.00 | -217.00 | -203.00 |
| Total Cash Dividends Paid | -391.00 | -350.00 | -299.00 | -217.00 | -203.00 |
| Repurchase/Retirement of Common | -15.00 | -20.00 | -25.00 | -52.00 | -68.00 |
| Common Stock, Net | -15.00 | -20.00 | -25.00 | -52.00 | -68.00 |
| Options Exercised | 20.00 | 67.00 | 62.00 | 8.00 | 19.00 |
| Issuance (Retirement) of Stock, Net | 5.00 | 47.00 | 37.00 | -44.00 | -49.00 |
| Short Term Debt Issued | 1.00 | ||||
| Short Term Debt Reduction | -- | -268.00 | -- | -- | |
| Short Term Debt, Net | 1.00 | -268.00 | -- | -- | |
| Long Term Debt Issued | -- | 1.00 | 278.00 | -- | -- |
| Long Term Debt Reduction | -82.00 | -17.00 | -160.00 | -527.00 | -600.00 |
| Long Term Debt, Net | -82.00 | -16.00 | 118.00 | -527.00 | -600.00 |
| Total Debt Issued | -- | -- | |||
| Issuance (Retirement) of Debt, Net | -81.00 | -284.00 | 118.00 | -527.00 | -600.00 |
| Cash from Financing Activities | -501.00 | -615.00 | -157.00 | -790.00 | -855.00 |
| Foreign Exchange Effects | 90.00 | -53.00 | 23.00 | -20.00 | -26.00 |
| Net Change in Cash | 358.00 | 102.00 | 75.00 | -405.00 | -526.00 |
| Net Cash - Beginning Balance | 1.12M | 1.02M | 944.00 | 1.35M | 1.88M |
| Net Cash - Ending Balance | 1.48M | 1.12M | 1.02M | 944.00 | 1.35M |
| Cash Interest Paid | 61.00 | 67.00 | 69.00 | 76.00 | 99.00 |
| Cash Taxes Paid | 267.00 | 219.00 | 211.00 | 91.00 | 83.00 |
Source: LSEG