Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 12.2B | 11.5B | 11.5B | 11.0B | -- |
| Operating Revenue | 11.9B | 11.2B | 11.2B | 10.9B | -- |
| Cost Of Revenue | 3.4B | 3.2B | 3.8B | 4.0B | -- |
| Gross Profit | 8.8B | 8.3B | 7.7B | 7.1B | -- |
| Depreciation And Amortization In Income Statement | 2.1B | 1.9B | 1.8B | 1.7B | -- |
| Other Operating Expenses | 3.2B | 3.0B | 2.9B | 2.7B | -- |
| Operating Expense | 5.3B | 5.0B | 4.7B | 4.4B | -- |
| Operating Income | 3.5B | 3.3B | 3.1B | 2.7B | -- |
| EBIT | 3.8B | 3.6B | 3.4B | 2.9B | -- |
| Interest Expense | 1.5B | 1.4B | 1.3B | 1.1B | -- |
| Interest Expense Non Operating | 1.5B | 1.4B | 1.3B | 1.1B | -- |
| Interest Income | 43.0M | 64.0M | 76.0M | 11.0M | -- |
| Interest Income Non Operating | 43.0M | 64.0M | 76.0M | 11.0M | -- |
| Net Interest Income | -1.4B | -1.3B | -1.2B | -1.1B | -- |
| Other Income Expense | 297.0M | 224.0M | 215.0M | 154.0M | -- |
| Other Non Operating Income Expenses | 255.0M | 219.0M | 165.0M | 189.0M | -- |
| Special Income Charges | -32.0M | 0.00 | 23.0M | 0.00 | -- |
| Gain On Sale Of Security | 59.0M | -9.0M | 13.0M | -35.0M | -- |
| Earnings From Equity Interest | 15.0M | 14.0M | 14.0M | 78.0M | -- |
| Pretax Income | 2.4B | 2.2B | 2.1B | 1.8B | -- |
| Tax Provision | 393.0M | 346.0M | 360.0M | 289.0M | -- |
| Tax Effect Of Unusual Items | 4.5M | -1.4M | 6.3M | -5.6M | -- |
| Net Income From Continuing And Discontinued Operation | 1.8B | 1.7B | 1.6B | 1.4B | -- |
| Net Income From Continuing Operation Net Minority Interest | 1.8B | 1.7B | 1.6B | 1.4B | -- |
| Net Income Including Noncontrolling Interests | 2.0B | 1.8B | 1.7B | 1.5B | -- |
| Minority Interests | -162.0M | -148.0M | -137.0M | -120.0M | -- |
| Net Income Common Stockholders | 1.7B | 1.6B | 1.5B | 1.3B | -- |
| Net Income | 1.8B | 1.7B | 1.6B | 1.4B | -- |
| EBITDA | 5.9B | 5.5B | 5.1B | 4.6B | -- |
| Normalized EBITDA | 5.9B | 5.5B | 5.1B | 4.6B | -- |
| Reconciled Depreciation | 2.1B | 1.9B | 1.8B | 1.7B | -- |
| Basic EPS | 3.40 | 3.24 | 3.10 | 2.78 | -- |
| Diluted EPS | 3.40 | 3.24 | 3.10 | 2.78 | -- |
| Basic Average Shares | 503.5M | 495.0M | 486.3M | 478.6M | -- |
| Diluted Average Shares | 503.7M | 495.2M | 486.5M | 479.0M | -- |
| Total Unusual Items | 27.0M | -9.0M | 36.0M | -35.0M | -- |
| Total Unusual Items Excluding Goodwill | 27.0M | -9.0M | 36.0M | -35.0M | -- |
| Tax Rate For Calcs | 0.17 | 0.16 | 0.17 | 0.16 | -- |
| Normalized Income | 1.8B | 1.7B | 1.5B | 1.4B | -- |
| Average Dilution Earnings | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Depreciation Amortization Depletion Income Statement | 2.1B | 1.9B | 1.8B | 1.7B | -- |
| Diluted NI Availto Com Stockholders | 1.7B | 1.6B | 1.5B | 1.3B | -- |
| Gain On Sale Of Business | -32.0M | 0.00 | 23.0M | 0.00 | -- |
| Net Income Continuous Operations | 2.0B | 1.8B | 1.7B | 1.5B | -- |
| Net Non Operating Interest Income Expense | -1.4B | -1.3B | -1.2B | -1.1B | -- |
| Other Special Charges | -- | -- | -101.0M | -78.0M | -77.0M |
| Preferred Stock Dividends | 85.0M | 74.0M | 67.0M | 64.0M | -- |
| Reconciled Cost Of Revenue | 3.4B | 3.2B | 3.8B | 4.0B | -- |
| Total Expenses | 8.7B | 8.2B | 8.4B | 8.3B | -- |
| Total Operating Income As Reported | 3.5B | 3.3B | 3.1B | 2.7B | -- |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 367.0M | 220.0M | 625.0M | 209.0M | -- |
| Cash Cash Equivalents And Short Term Investments | 367.0M | 220.0M | 625.0M | 209.0M | -- |
| Accounts Receivable | 813.0M | 1.0B | 890.0M | 930.0M | -- |
| Receivables | 1.5B | 1.7B | 1.6B | 1.8B | -- |
| Inventory | 649.0M | 685.0M | 566.0M | 661.0M | -- |
| Prepaid Assets | 179.0M | 182.0M | 150.0M | 146.0M | -- |
| Other Current Assets | 1.1B | 1.0B | 1.1B | 1.5B | -- |
| Current Assets | 3.8B | 3.8B | 4.0B | 4.3B | -- |
| Gross PPE | 67.7B | 66.1B | 58.4B | 56.2B | -- |
| Accumulated Depreciation | -16.8B | -16.6B | -14.9B | -14.5B | -- |
| Net PPE | 50.9B | 49.5B | 43.4B | 41.7B | -- |
| Goodwill | 12.5B | 13.1B | 12.2B | 12.5B | -- |
| Goodwill And Other Intangible Assets | 14.2B | 14.8B | 13.7B | 14.0B | -- |
| Other Intangible Assets | 1.7B | 1.7B | 1.5B | 1.5B | -- |
| Investments And Advances | 461.0M | 484.0M | 417.0M | 316.0M | -- |
| Long Term Equity Investment | 215.0M | 259.0M | 237.0M | 201.0M | -- |
| Other Investments | 246.0M | 225.0M | 180.0M | 115.0M | -- |
| Other Non Current Assets | 349.0M | 350.0M | 293.0M | 267.0M | -- |
| Total Non Current Assets | 71.0B | 69.7B | 61.9B | 60.0B | -- |
| Total Assets | 74.8B | 73.5B | 65.9B | 64.3B | -- |
| Current Debt | 3.6B | 2.1B | 2.4B | 2.7B | -- |
| Current Debt And Capital Lease Obligation | 3.6B | 2.1B | 2.4B | 2.7B | -- |
| Accounts Payable | 1.1B | 1.1B | 990.0M | 886.0M | -- |
| Payables | 2.3B | 2.3B | 2.1B | 2.3B | -- |
| Payables And Accrued Expenses | 2.6B | 2.6B | 2.3B | 2.6B | -- |
| Current Accrued Expenses | 319.0M | 305.0M | 274.0M | 254.0M | -- |
| Current Deferred Revenue | 516.0M | 360.0M | 263.0M | 401.0M | -- |
| Other Current Liabilities | 788.0M | 991.0M | 924.0M | 884.0M | -- |
| Current Liabilities | 7.5B | 6.0B | 6.0B | 6.6B | -- |
| Long Term Debt | 30.7B | 31.2B | 27.2B | 25.9B | -- |
| Long Term Debt And Capital Lease Obligation | 31.1B | 31.6B | 27.6B | 26.3B | -- |
| Long Term Capital Lease Obligation | 392.0M | 390.0M | 378.0M | 370.0M | -- |
| Other Non Current Liabilities | 58.0M | 61.0M | 65.0M | 75.0M | -- |
| Total Non Current Liabilities Net Minority Interest | 41.4B | 41.6B | 36.6B | 34.8B | -- |
| Total Liabilities Net Minority Interest | 49.0B | 47.6B | 42.6B | 41.4B | -- |
| Common Stock | 16.1B | 15.6B | 15.1B | 14.7B | -- |
| Capital Stock | 17.7B | 17.2B | 16.7B | 16.3B | -- |
| Additional Paid In Capital | 5.0M | 8.0M | 9.0M | 10.0M | -- |
| Retained Earnings | 5.0B | 4.5B | 4.1B | 3.7B | -- |
| Gains Losses Not Affecting Retained Earnings | 1.1B | 2.1B | 653.0M | 1.0B | -- |
| Other Equity Adjustments | 1.1B | 2.1B | 653.0M | 1.0B | -- |
| Common Stock Equity | 22.2B | 22.2B | 19.9B | 19.4B | -- |
| Stockholders Equity | 23.8B | 23.8B | 21.5B | 21.0B | -- |
| Total Equity Gross Minority Interest | 25.9B | 25.9B | 23.3B | 22.8B | -- |
| Minority Interest | 2.1B | 2.0B | 1.8B | 1.8B | -- |
| Total Capitalization | 54.5B | 55.0B | 48.7B | 47.0B | -- |
| Net Tangible Assets | 9.6B | 9.0B | 7.8B | 7.0B | -- |
| Tangible Book Value | 7.9B | 7.4B | 6.2B | 5.4B | -- |
| Working Capital | -3.7B | -2.2B | -1.9B | -2.3B | -- |
| Invested Capital | 56.5B | 55.5B | 49.5B | 48.1B | -- |
| Total Debt | 34.7B | 33.7B | 30.0B | 29.0B | -- |
| Net Debt | 33.9B | 33.1B | 29.0B | 28.5B | -- |
| Share Issued | 507.3M | 499.3M | 490.6M | 482.2M | -- |
| Ordinary Shares Number | 507.3M | 499.3M | 490.6M | 482.2M | -- |
| Capital Lease Obligations | 392.0M | 390.0M | 378.0M | 370.0M | -- |
| Construction In Progress | 3.9B | 3.6B | 2.6B | 2.1B | -- |
| Current Deferred Liabilities | 516.0M | 360.0M | 263.0M | 401.0M | -- |
| Current Provisions | -- | -- | -- | 17.0M | 13.0M |
| Defined Pension Benefit | 771.0M | 678.0M | 472.0M | 429.0M | -- |
| Derivative Product Liabilities | 31.0M | 66.0M | 48.0M | 72.0M | -- |
| Dividends Payable | 332.0M | 314.0M | 295.0M | 278.0M | -- |
| Employee Benefits | 574.0M | 559.0M | 609.0M | 502.0M | -- |
| Financial Assets | 32.0M | 48.0M | 43.0M | 118.0M | -- |
| Gross Accounts Receivable | -- | -- | -- | -- | 621.0M |
| Income Tax Payable | -- | -- | 0.00 | 88.0M | 31.0M |
| Interest Payable | 319.0M | 305.0M | 274.0M | 254.0M | -- |
| Investmentsin Associatesat Cost | -- | -- | 237.0M | 201.0M | 92.0M |
| Line Of Credit | 412.0M | 98.0M | 119.0M | 253.0M | -- |
| Long Term Provisions | 383.0M | 390.0M | 287.0M | 308.0M | -- |
| Non Current Deferred Assets | 109.0M | 29.0M | 22.0M | 40.0M | -- |
| Non Current Deferred Liabilities | 5.5B | 5.2B | 4.6B | 4.2B | -- |
| Non Current Deferred Revenue | 118.0M | 128.0M | 168.0M | 107.0M | -- |
| Non Current Deferred Taxes Liabilities | 5.3B | 5.0B | 4.4B | 4.1B | -- |
| Non Current Pension And Other Postretirement Benefit Plans | 429.0M | 446.0M | 527.0M | 423.0M | -- |
| Other Current Borrowings | 3.1B | 2.0B | 2.3B | 2.5B | -- |
| Other Inventories | 58.0M | 65.0M | 96.0M | 235.0M | -- |
| Other Payable | 579.0M | 524.0M | 507.0M | 782.0M | -- |
| Other Properties | 5.7B | 5.6B | 4.9B | 5.2B | -- |
| Other Receivables | -- | -- | -- | 580.0M | 242.0M |
| Pensionand Other Post Retirement Benefit Plans Current | 28.0M | 29.0M | 28.0M | 28.0M | -- |
| Preferred Shares Number | 66.2M | 66.2M | 66.2M | 66.2M | -- |
| Preferred Stock | 1.6B | 1.6B | 1.6B | 1.6B | -- |
| Preferred Stock Equity | 1.6B | 1.6B | 1.6B | 1.6B | -- |
| Receivables Adjustments Allowances | -80.0M | -78.0M | -68.0M | -58.0M | -- |
| Taxes Receivable | -- | 0.00 | 78.0M | 0.00 | 0.00 |
| Total Tax Payable | 245.0M | 304.0M | 268.0M | 370.0M | -- |
| Treasury Shares Number | -- | -- | 0.00 | -- | -- |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | 4.1B | 3.9B | 3.5B | 3.1B | -- |
| Cash Flow From Continuing Operating Activities | 4.1B | 3.9B | 3.5B | 3.1B | -- |
| Depreciation And Amortization | 2.1B | 1.9B | 1.8B | 1.7B | -- |
| Depreciation Amortization Depletion | 2.1B | 1.9B | 1.8B | 1.7B | -- |
| Deferred Tax | 315.0M | 154.0M | 272.0M | 182.0M | -- |
| Deferred Income Tax | 315.0M | 154.0M | 272.0M | 182.0M | -- |
| Change In Working Capital | -203.0M | 69.0M | -181.0M | -317.0M | -- |
| Changes In Account Receivables | -52.0M | -2.0M | 142.0M | -479.0M | -- |
| Change In Receivables | -52.0M | -2.0M | 142.0M | -479.0M | -- |
| Change In Inventory | -45.0M | -73.0M | -1.0M | -153.0M | -- |
| Change In Payables And Accrued Expense | 195.0M | 115.0M | -390.0M | 449.0M | -- |
| Change In Payable | 195.0M | 115.0M | -390.0M | 449.0M | -- |
| Change In Other Working Capital | -85.0M | -99.0M | -100.0M | 162.0M | -- |
| Change In Other Current Assets | -94.0M | 93.0M | 104.0M | -307.0M | -- |
| Change In Other Current Liabilities | -110.0M | 56.0M | 71.0M | 33.0M | -- |
| Other Non Cash Items | -68.0M | -96.0M | -29.0M | 27.0M | -- |
| Capital Expenditure | -6.2B | -5.2B | -4.2B | -3.9B | -- |
| Purchase Of PPE | -5.9B | -5.0B | -4.0B | -3.6B | -- |
| Net PPE Purchase And Sale | -5.9B | -5.0B | -4.0B | -3.6B | -- |
| Purchase Of Business | -27.0M | 0.00 | -24.0M | -100.0M | -- |
| Sale Of Business | 479.0M | 0.00 | 454.0M | 0.00 | -- |
| Investing Cash Flow | -5.4B | -5.4B | -3.7B | -4.1B | -- |
| Cash Flow From Continuing Investing Activities | -5.4B | -5.4B | -3.7B | -4.1B | -- |
| Issuance Of Debt | 13.1B | 11.7B | 10.0B | 9.7B | -- |
| Repayment Of Debt | -11.2B | -9.8B | -8.5B | -7.9B | -- |
| Net Issuance Payments Of Debt | 2.3B | 1.9B | 1.4B | 1.8B | -- |
| Issuance Of Capital Stock | 60.0M | 46.0M | 43.0M | 53.0M | -- |
| Net Common Stock Issuance | 60.0M | 46.0M | 43.0M | 53.0M | -- |
| Common Stock Dividend Paid | -788.0M | -744.0M | -701.0M | -673.0M | -- |
| Financing Cash Flow | 1.5B | 1.1B | 613.0M | 1.0B | -- |
| Cash Flow From Continuing Financing Activities | 1.5B | 1.1B | 613.0M | 1.0B | -- |
| Effect Of Exchange Rate Changes | -19.0M | 44.0M | 0.00 | 28.0M | -- |
| Changes In Cash | 166.0M | -449.0M | 416.0M | 50.0M | -- |
| Beginning Cash Position | 220.0M | 625.0M | 209.0M | 131.0M | -- |
| End Cash Position | 367.0M | 220.0M | 625.0M | 209.0M | -- |
| Free Cash Flow | -2.2B | -1.3B | -624.0M | -791.0M | -- |
| Income Tax Paid Supplemental Data | 30.0M | -- | 129.0M | 79.0M | -- |
| Interest Paid Supplemental Data | 1.5B | 1.4B | 1.3B | 1.1B | -- |
| Amortization Cash Flow | 247.0M | 232.0M | 231.0M | 208.0M | -- |
| Amortization Of Intangibles | 247.0M | 232.0M | 231.0M | 208.0M | -- |
| Cash Dividends Paid | -873.0M | -818.0M | -768.0M | -737.0M | -- |
| Change In Account Payable | 195.0M | 115.0M | -390.0M | 449.0M | -- |
| Change In Prepaid Assets | -12.0M | -21.0M | -7.0M | -22.0M | -- |
| Common Stock Issuance | 60.0M | 46.0M | 43.0M | 53.0M | -- |
| Depreciation | 1.8B | 1.7B | 1.5B | 1.5B | -- |
| Long Term Debt Issuance | 13.1B | 11.7B | 10.0B | 9.7B | -- |
| Long Term Debt Payments | -11.2B | -9.8B | -8.5B | -7.9B | -- |
| Net Business Purchase And Sale | 452.0M | 0.00 | 430.0M | -100.0M | -- |
| Net Income From Continuing Operations | 2.0B | 1.8B | 1.7B | 1.5B | -- |
| Net Intangibles Purchase And Sale | -292.0M | -206.0M | -183.0M | -278.0M | -- |
| Net Long Term Debt Issuance | 1.9B | 2.0B | 1.5B | 1.8B | -- |
| Net Other Financing Charges | -39.0M | -108.0M | -77.0M | -71.0M | -- |
| Net Other Investing Changes | 425.0M | -177.0M | -3.0M | -94.0M | -- |
| Net Short Term Debt Issuance | 385.0M | -25.0M | -126.0M | -21.0M | -- |
| Preferred Stock Dividend Paid | -85.0M | -74.0M | -67.0M | -64.0M | -- |
| Purchase Of Intangibles | -292.0M | -206.0M | -183.0M | -278.0M | -- |
| Short Term Debt Issuance | -- | -- | -- | -- | 115.0M |
| Short Term Debt Payments | -- | -- | -- | -- | -4.7B |