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 | 9.0B | 8.5B | 7.8B | 7.8B | -- |
| Operating Revenue | 9.0B | 8.4B | 7.8B | 7.7B | -- |
| Cost Of Revenue | 5.7B | 5.5B | 5.0B | 5.0B | -- |
| Gross Profit | 3.3B | 3.0B | 2.8B | 2.8B | -- |
| Depreciation And Amortization In Income Statement | 963.0M | 909.0M | 852.0M | 759.0M | -- |
| Operating Expense | 963.0M | 909.0M | 852.0M | 759.0M | -- |
| Operating Income | 2.4B | 2.1B | 2.0B | 2.0B | -- |
| EBIT | 2.2B | 2.0B | 1.8B | 1.8B | -- |
| Interest Expense | 673.0M | 631.0M | 568.0M | 477.0M | -- |
| Interest Expense Non Operating | 673.0M | 631.0M | 568.0M | 477.0M | -- |
| Interest Income | 17.0M | 24.0M | 12.0M | 7.0M | -- |
| Interest Income Non Operating | 17.0M | 24.0M | 12.0M | 7.0M | -- |
| Net Interest Income | -675.0M | -625.0M | -572.0M | -489.0M | -- |
| Other Income Expense | -143.0M | -153.0M | -142.0M | -204.0M | -- |
| Other Non Operating Income Expenses | -3.0M | -11.0M | -14.0M | -33.0M | -- |
| Special Income Charges | -145.0M | -146.0M | -130.0M | -174.0M | -- |
| Gain On Sale Of Security | -4.0M | 4.0M | 2.0M | 3.0M | -- |
| Earnings From Equity Interest | 9.0M | -- | -- | -- | -- |
| Pretax Income | 1.6B | 1.3B | 1.3B | 1.3B | -- |
| Tax Provision | 219.0M | 181.0M | 178.0M | 288.0M | -- |
| Tax Effect Of Unusual Items | -20.9M | -19.0M | -17.9M | -36.6M | -- |
| Net Income From Continuing And Discontinued Operation | 1.3B | 1.2B | 1.1B | 1.1B | -- |
| Net Income From Continuing Operation Net Minority Interest | 1.3B | 1.2B | 1.1B | 1.1B | -- |
| Net Income Including Noncontrolling Interests | 1.3B | 1.2B | 1.1B | 1.1B | -- |
| Minority Interests | -10.0M | -9.0M | -9.0M | -8.0M | -- |
| Net Income Common Stockholders | 1.3B | 1.2B | 1.1B | 1.1B | -- |
| Net Income | 1.3B | 1.2B | 1.1B | 1.1B | -- |
| EBITDA | 3.2B | 2.9B | 2.7B | 2.6B | -- |
| Normalized EBITDA | 3.4B | 3.0B | 2.8B | 2.8B | -- |
| Reconciled Depreciation | 963.0M | 909.0M | 852.0M | 798.0M | -- |
| Basic EPS | 2.23 | 1.93 | 1.81 | 1.75 | -- |
| Diluted EPS | 2.23 | 1.92 | 1.81 | 1.75 | -- |
| Basic Average Shares | 599.7M | 599.3M | 599.0M | 598.6M | -- |
| Diluted Average Shares | 600.7M | 600.7M | 600.5M | 600.6M | -- |
| Total Unusual Items | -149.0M | -142.0M | -128.0M | -171.0M | -- |
| Total Unusual Items Excluding Goodwill | -149.0M | -142.0M | -128.0M | -171.0M | -- |
| Tax Rate For Calcs | 0.14 | 0.13 | 0.14 | 0.21 | -- |
| Normalized Income | 1.5B | 1.3B | 1.2B | 1.2B | -- |
| Amortization | 89.0M | 81.0M | 76.0M | 81.0M | -- |
| Amortization Of Intangibles Income Statement | 89.0M | 81.0M | 76.0M | 81.0M | -- |
| Depreciation Amortization Depletion Income Statement | 963.0M | 909.0M | 852.0M | 759.0M | -- |
| Depreciation Income Statement | 874.0M | 828.0M | 776.0M | 678.0M | -- |
| Diluted NI Availto Com Stockholders | 1.3B | 1.2B | 1.1B | 1.1B | -- |
| Gain On Sale Of Ppe | -145.0M | -146.0M | -130.0M | -174.0M | -- |
| Net Income Continuous Operations | 1.3B | 1.2B | 1.1B | 1.1B | -- |
| Net Non Operating Interest Income Expense | -675.0M | -625.0M | -572.0M | -489.0M | -- |
| Reconciled Cost Of Revenue | 5.7B | 5.5B | 5.0B | 4.9B | -- |
| Total Expenses | 6.7B | 6.4B | 5.9B | 5.7B | -- |
| Total Other Finance Cost | 19.0M | 18.0M | 16.0M | 19.0M | -- |
| 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 | 549.0M | 716.0M | 79.0M | 530.0M | -- |
| Cash Cash Equivalents And Short Term Investments | 549.0M | 716.0M | 79.0M | 530.0M | -- |
| Accounts Receivable | 467.0M | 433.0M | 405.0M | 357.0M | -- |
| Receivables | 1.5B | 1.2B | 1.1B | 1.0B | -- |
| Inventory | 31.0M | 29.0M | 35.0M | 25.0M | -- |
| Prepaid Assets | -- | -- | -- | 62.0M | 55.0M |
| Other Current Assets | 102.0M | 136.0M | 97.0M | 251.0M | -- |
| Current Assets | 2.2B | 2.1B | 1.4B | 1.9B | -- |
| Gross PPE | 46.5B | 43.5B | 40.9B | 38.5B | -- |
| Accumulated Depreciation | -15.0B | -14.3B | -14.0B | -13.4B | -- |
| Net PPE | 31.5B | 29.1B | 26.9B | 25.1B | -- |
| Goodwill | 378.0M | 373.0M | 373.0M | 373.0M | -- |
| Goodwill And Other Intangible Assets | 1.0B | 1.0B | 1.0B | 981.0M | -- |
| Other Intangible Assets | 654.0M | 661.0M | 656.0M | 608.0M | -- |
| Investments And Advances | 302.0M | 46.0M | 43.0M | 35.0M | -- |
| Long Term Equity Investment | 302.0M | 46.0M | -- | -- | -- |
| Other Non Current Assets | 64.0M | 60.0M | 25.0M | 12.0M | -- |
| Total Non Current Assets | 37.5B | 34.6B | 31.5B | 29.6B | -- |
| Total Assets | 39.7B | 36.7B | 32.9B | 31.5B | -- |
| Current Debt | 1.0B | 1.4B | 979.0M | 2.1B | -- |
| Current Debt And Capital Lease Obligation | 1.0B | 1.4B | 991.0M | 2.1B | -- |
| Accounts Payable | 371.0M | 348.0M | 334.0M | 295.0M | -- |
| Payables | 850.0M | 690.0M | 636.0M | 566.0M | -- |
| Payables And Accrued Expenses | 2.0B | 1.7B | 1.4B | 1.4B | -- |
| Current Accrued Expenses | 1.1B | 974.0M | 793.0M | 803.0M | -- |
| Current Deferred Revenue | 313.0M | 336.0M | 211.0M | -- | -- |
| Other Current Liabilities | 234.0M | 126.0M | 51.0M | 139.0M | -- |
| Current Liabilities | 3.6B | 3.5B | 2.7B | 3.7B | -- |
| Long Term Debt | 18.1B | 16.3B | 14.7B | 13.0B | -- |
| Long Term Debt And Capital Lease Obligation | 18.1B | 16.4B | 14.7B | 13.1B | -- |
| Long Term Capital Lease Obligation | 29.0M | 41.0M | 37.0M | 43.0M | -- |
| Other Non Current Liabilities | 42.0M | 43.0M | 35.0M | 30.0M | -- |
| Total Non Current Liabilities Net Minority Interest | 23.3B | 21.0B | 18.4B | 16.4B | -- |
| Total Liabilities Net Minority Interest | 26.9B | 24.5B | 21.1B | 20.1B | -- |
| Common Stock | 5.7B | 5.7B | 5.7B | 5.7B | -- |
| Capital Stock | 5.7B | 5.7B | 5.7B | 5.7B | -- |
| Additional Paid In Capital | 25.0M | 28.0M | 30.0M | 34.0M | -- |
| Retained Earnings | 6.9B | 6.4B | 5.9B | 5.6B | -- |
| Gains Losses Not Affecting Retained Earnings | -9.0M | -12.0M | -3.0M | 11.0M | -- |
| Other Equity Adjustments | -9.0M | -12.0M | -3.0M | 11.0M | -- |
| Common Stock Equity | 12.6B | 12.1B | 11.7B | 11.3B | -- |
| Stockholders Equity | 12.6B | 12.1B | 11.7B | 11.3B | -- |
| Total Equity Gross Minority Interest | 12.7B | 12.2B | 11.8B | 11.4B | -- |
| Minority Interest | 98.0M | 84.0M | 85.0M | 86.0M | -- |
| Total Capitalization | 30.7B | 28.4B | 26.4B | 24.3B | -- |
| Net Tangible Assets | 11.6B | 11.1B | 10.7B | 10.3B | -- |
| Tangible Book Value | 11.6B | 11.1B | 10.7B | 10.3B | -- |
| Working Capital | -1.4B | -1.4B | -1.4B | -1.8B | -- |
| Invested Capital | 31.8B | 29.8B | 27.4B | 26.4B | -- |
| Total Debt | 19.2B | 17.7B | 15.7B | 15.2B | -- |
| Net Debt | 18.6B | 17.0B | 15.6B | 14.6B | -- |
| Share Issued | 599.8M | 599.4M | 599.1M | 598.7M | -- |
| Ordinary Shares Number | 599.8M | 599.4M | 599.1M | 598.7M | -- |
| Capital Lease Obligations | 43.0M | 55.0M | 49.0M | 55.0M | -- |
| Construction In Progress | 2.6B | 2.1B | 1.5B | 1.2B | -- |
| Current Capital Lease Obligation | 14.0M | 14.0M | 12.0M | 12.0M | -- |
| Current Deferred Liabilities | 313.0M | 336.0M | 211.0M | -- | -- |
| Current Notes Payable | 100.0M | 200.0M | 279.0M | 1.4B | -- |
| Current Provisions | 7.0M | 11.0M | 38.0M | 25.0M | -- |
| Defined Pension Benefit | 610.0M | 647.0M | 99.0M | 358.0M | -- |
| Derivative Product Liabilities | 0.00 | 3.0M | 2.0M | 0.00 | -- |
| Duefrom Related Parties Current | 409.0M | 325.0M | 313.0M | 282.0M | -- |
| Dueto Related Parties Current | 479.0M | 342.0M | 302.0M | 271.0M | -- |
| Employee Benefits | 1.7B | 1.6B | 1.5B | 1.4B | -- |
| Hedging Assets Current | -- | -- | 0.00 | 5.0M | 0.00 |
| Interest Payable | 203.0M | 180.0M | 149.0M | 120.0M | -- |
| Investmentsin Associatesat Cost | 302.0M | 46.0M | -- | -- | -- |
| Long Term Provisions | 80.0M | 74.0M | 77.0M | 96.0M | -- |
| Non Current Deferred Assets | 135.0M | 127.0M | 119.0M | 114.0M | -- |
| Non Current Deferred Liabilities | 1.8B | 1.5B | 1.1B | 715.0M | -- |
| Non Current Deferred Taxes Assets | 135.0M | 127.0M | 119.0M | 114.0M | -- |
| Non Current Deferred Taxes Liabilities | 1.8B | 1.5B | 1.1B | 715.0M | -- |
| Non Current Pension And Other Postretirement Benefit Plans | 1.7B | 1.6B | 1.5B | 1.4B | -- |
| Other Current Borrowings | 925.0M | 1.1B | 700.0M | 733.0M | -- |
| Other Properties | 5.0B | 4.7B | 4.7B | 4.4B | -- |
| Preferred Securities Outside Stock Equity | -- | -- | -- | -- | 20.0M |
| Receivables Adjustments Allowances | -57.0M | -61.0M | -57.0M | -63.0M | -- |
| Tradeand Other Payables Non Current | -- | -- | -- | 0.00 | 3.0M |
| 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 | 2.7B | 2.5B | 2.4B | 2.3B | -- |
| Cash Flow From Continuing Operating Activities | 2.7B | 2.5B | 2.4B | 2.3B | -- |
| Depreciation And Amortization | 963.0M | 909.0M | 852.0M | 798.0M | -- |
| Depreciation Amortization Depletion | 963.0M | 909.0M | 852.0M | 798.0M | -- |
| Deferred Tax | 76.0M | 140.0M | 133.0M | 260.0M | -- |
| Deferred Income Tax | 76.0M | 140.0M | 133.0M | 260.0M | -- |
| Change In Working Capital | 53.0M | 249.0M | 252.0M | 61.0M | -- |
| Changes In Account Receivables | -169.0M | -81.0M | -63.0M | -72.0M | -- |
| Change In Receivables | -253.0M | -93.0M | -94.0M | -70.0M | -- |
| Change In Inventory | -1.0M | 6.0M | -10.0M | -3.0M | -- |
| Change In Payables And Accrued Expense | 269.0M | 222.0M | 128.0M | 100.0M | -- |
| Change In Payable | 151.0M | 55.0M | 53.0M | 40.0M | -- |
| Change In Other Working Capital | -23.0M | 125.0M | 151.0M | -- | 50.0M |
| Change In Other Current Assets | -5.0M | -34.0M | -13.0M | 1.0M | -- |
| Change In Other Current Liabilities | 64.0M | 49.0M | 79.0M | 40.0M | -- |
| Other Non Cash Items | 254.0M | 71.0M | 81.0M | 83.0M | -- |
| Capital Expenditure | -3.0B | -2.8B | -2.5B | -2.1B | -- |
| Purchase Of Business | -261.0M | 0.00 | -- | -- | 0.00 |
| Investing Cash Flow | -3.5B | -3.1B | -2.7B | -2.1B | -- |
| Cash Flow From Continuing Investing Activities | -3.5B | -3.1B | -2.7B | -2.1B | -- |
| Issuance Of Debt | 8.8B | 5.6B | 8.9B | 7.1B | -- |
| Repayment Of Debt | -7.3B | -3.6B | -8.4B | -6.6B | -- |
| Net Issuance Payments Of Debt | 1.4B | 2.0B | 544.0M | 482.0M | -- |
| Issuance Of Capital Stock | -- | -- | 0.00 | 3.0M | 0.00 |
| Repurchase Of Capital Stock | -- | -- | -- | -- | 0.00 |
| Net Common Stock Issuance | -- | -- | 0.00 | 3.0M | 0.00 |
| Common Stock Dividend Paid | -788.0M | -743.0M | -700.0M | -662.0M | -- |
| Financing Cash Flow | 652.0M | 1.2B | -172.0M | -197.0M | -- |
| Cash Flow From Continuing Financing Activities | 652.0M | 1.2B | -172.0M | -197.0M | -- |
| Changes In Cash | -167.0M | 637.0M | -451.0M | -10.0M | -- |
| Beginning Cash Position | 716.0M | 79.0M | 530.0M | 540.0M | -- |
| End Cash Position | 549.0M | 716.0M | 79.0M | 530.0M | -- |
| Free Cash Flow | -355.0M | -274.0M | -64.0M | 174.0M | -- |
| Income Tax Paid Supplemental Data | 45.0M | 35.0M | 48.0M | 33.0M | -- |
| Interest Paid Supplemental Data | 724.0M | 643.0M | 581.0M | 523.0M | -- |
| Amortization Cash Flow | 89.0M | 81.0M | 76.0M | 81.0M | -- |
| Amortization Of Intangibles | 89.0M | 81.0M | 76.0M | 81.0M | -- |
| Capital Expenditure Reported | -3.0B | -2.8B | -2.5B | -2.1B | -- |
| Cash Dividends Paid | -788.0M | -743.0M | -700.0M | -662.0M | -- |
| Change In Account Payable | 14.0M | 15.0M | 22.0M | 35.0M | -- |
| Change In Accrued Expense | 118.0M | 167.0M | 75.0M | 60.0M | -- |
| Change In Income Tax Payable | -- | -- | -- | -- | 2.0M |
| Change In Interest Payable | 23.0M | 31.0M | 29.0M | -4.0M | -- |
| Change In Prepaid Assets | 2.0M | -26.0M | 11.0M | -7.0M | -- |
| Change In Tax Payable | -- | -- | -- | -- | 2.0M |
| Common Stock Issuance | -- | -- | 0.00 | 3.0M | 0.00 |
| Depreciation | 874.0M | 828.0M | 776.0M | 717.0M | -- |
| Long Term Debt Issuance | 2.7B | 2.8B | 2.4B | 750.0M | -- |
| Long Term Debt Payments | -1.1B | -700.0M | -731.0M | -603.0M | -- |
| Net Business Purchase And Sale | -261.0M | 0.00 | -- | -- | 0.00 |
| Net Income From Continuing Operations | 1.3B | 1.2B | 1.1B | 1.1B | -- |
| Net Long Term Debt Issuance | 1.5B | 2.1B | 1.6B | 147.0M | -- |
| Net Other Financing Charges | -8.0M | -25.0M | -16.0M | -20.0M | -- |
| Net Other Investing Changes | -203.0M | -322.0M | -215.0M | 13.0M | -- |
| Net Preferred Stock Issuance | -- | -- | -- | -- | 0.00 |
| Net Short Term Debt Issuance | -100.0M | -80.0M | -1.1B | 335.0M | -- |
| Preferred Stock Payments | -- | -- | -- | -- | 0.00 |
| Short Term Debt Issuance | 6.1B | 2.8B | 6.5B | 6.3B | -- |
| Short Term Debt Payments | -6.2B | -2.9B | -7.7B | -6.0B | -- |