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 | 20.3B | 20.1B | 20.0B | 18.3B | -- |
| Operating Revenue | 20.3B | 20.1B | 20.0B | 18.3B | -- |
| Cost Of Revenue | 7.7B | 7.6B | 7.5B | 7.1B | -- |
| Gross Profit | 12.6B | 12.5B | 12.5B | 11.2B | -- |
| Selling General And Administration | 5.9B | 5.9B | 6.1B | 4.9B | -- |
| General And Administrative Expense | 5.9B | 5.9B | 6.1B | 4.9B | -- |
| Depreciation And Amortization In Income Statement | 4.1B | 4.0B | 4.1B | 3.5B | -- |
| Other Operating Expenses | -5.0M | -5.0M | -13.0M | -6.0M | -- |
| Operating Expense | 9.9B | 9.9B | 10.2B | 8.3B | -- |
| Operating Income | 2.7B | 2.6B | 2.3B | 2.8B | -- |
| EBIT | 2.7B | 2.6B | 2.4B | 3.2B | -- |
| Interest Expense | 1.5B | 1.4B | 1.3B | 867.0M | -- |
| Interest Expense Non Operating | 1.5B | 1.4B | 1.3B | 867.0M | -- |
| Interest Income | 56.0M | 39.0M | 29.0M | 21.0M | -- |
| Interest Income Non Operating | 56.0M | 39.0M | 29.0M | 21.0M | -- |
| Net Interest Income | -1.5B | -1.4B | -1.3B | -846.0M | -- |
| Other Income Expense | -39.0M | 41.0M | 89.0M | 328.0M | -- |
| Other Non Operating Income Expenses | 56.0M | 8.0M | 5.0M | 5.0M | -- |
| Special Income Charges | -250.0M | 94.0M | 68.0M | 78.0M | -- |
| Restructuring And Mergern Acquisition | 5.0M | -94.0M | -68.0M | -78.0M | -- |
| Gain On Sale Of Security | 111.0M | -171.0M | -19.0M | 245.0M | -- |
| Earnings From Equity Interest | 44.0M | 110.0M | 35.0M | -- | -- |
| Pretax Income | 1.2B | 1.2B | 1.1B | 2.3B | -- |
| Tax Provision | 425.0M | 290.0M | 222.0M | 604.0M | -- |
| Tax Effect Of Unusual Items | -49.2M | -18.2M | 9.9M | 84.0M | -- |
| Net Income From Continuing And Discontinued Operation | 1.1B | 993.0M | 841.0M | 1.6B | -- |
| Net Income From Continuing Operation Net Minority Interest | 1.1B | 993.0M | 841.0M | 1.6B | -- |
| Net Income Including Noncontrolling Interests | 777.0M | 938.0M | 867.0M | 1.7B | -- |
| Minority Interests | 336.0M | 55.0M | -26.0M | -103.0M | -- |
| Net Income Common Stockholders | 1.1B | 993.0M | 841.0M | 1.6B | -- |
| Net Income | 1.1B | 993.0M | 841.0M | 1.6B | -- |
| EBITDA | 6.8B | 6.7B | 6.5B | 6.6B | -- |
| Normalized EBITDA | 6.9B | 6.8B | 6.4B | 6.3B | -- |
| Reconciled Depreciation | 4.0B | 4.0B | 4.1B | 3.5B | -- |
| Basic EPS | 0.73 | 0.67 | 0.58 | 1.16 | 1.23 |
| Diluted EPS | 0.72 | 0.67 | 0.58 | 1.15 | 1.22 |
| Basic Average Shares | 1.5B | 1.5B | 1.5B | 1.4B | 1.3B |
| Diluted Average Shares | 1.5B | 1.5B | 1.5B | 1.4B | 1.4B |
| Total Unusual Items | -139.0M | -77.0M | 49.0M | 323.0M | -- |
| Total Unusual Items Excluding Goodwill | -139.0M | -77.0M | 49.0M | 323.0M | -- |
| Tax Rate For Calcs | 0.35 | 0.24 | 0.20 | 0.26 | -- |
| Normalized Income | 1.2B | 1.1B | 801.9M | 1.4B | -- |
| Amortization | 1.6B | 1.5B | 1.6B | 1.2B | -- |
| Amortization Of Intangibles Income Statement | 1.6B | 1.5B | 1.6B | 1.2B | -- |
| Depreciation Amortization Depletion Income Statement | 4.1B | 4.0B | 4.1B | 3.5B | -- |
| Depreciation Income Statement | 2.5B | 2.5B | 2.5B | 2.2B | -- |
| Diluted NI Availto Com Stockholders | 1.1B | 993.0M | 841.0M | 1.6B | -- |
| Impairment Of Capital Assets | 500.0M | 0.00 | -- | -- | -- |
| Net Income Continuous Operations | 777.0M | 938.0M | 867.0M | 1.7B | -- |
| Net Non Operating Interest Income Expense | -1.5B | -1.4B | -1.3B | -846.0M | -- |
| Other Special Charges | -255.0M | -- | -- | -- | 10.0M |
| Reconciled Cost Of Revenue | 7.7B | 7.7B | 7.5B | 7.1B | -- |
| Salaries And Wages | 5.9B | 5.9B | 6.1B | 4.9B | -- |
| Securities Amortization | -- | -- | -- | -- | 10.0M |
| Total Expenses | 17.6B | 17.6B | 17.7B | 15.5B | -- |
| Total Operating Income As Reported | 2.4B | 2.8B | 2.4B | 3.0B | -- |
| Total Other Finance Cost | -- | -- | -- | -- | 10.0M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash Cash Equivalents And Short Term Investments | 2.6B | 869.0M | 864.0M | 974.0M | -- |
| Accounts Receivable | 3.3B | 3.3B | 3.3B | 3.0B | -- |
| Receivables | 4.4B | 4.3B | 4.2B | 3.9B | -- |
| Inventory | 482.0M | 629.0M | 484.0M | 537.0M | -- |
| Prepaid Assets | 421.0M | 403.0M | 682.0M | 617.0M | -- |
| Current Assets | 8.4B | 6.6B | 6.3B | 6.1B | -- |
| Gross PPE | 49.8B | 48.2B | 47.4B | 45.5B | -- |
| Accumulated Depreciation | -32.3B | -30.9B | -30.2B | -28.4B | -- |
| Net PPE | 17.5B | 17.3B | 17.2B | 17.1B | -- |
| Goodwill | 10.5B | 10.6B | 10.1B | 9.1B | -- |
| Goodwill And Other Intangible Assets | 30.8B | 31.2B | 29.8B | 28.4B | -- |
| Other Intangible Assets | 20.3B | 20.6B | 19.7B | 19.2B | -- |
| Investments And Advances | 1.2B | 1.1B | 826.0M | 609.0M | -- |
| Long Term Equity Investment | 438.0M | 402.0M | 282.0M | 121.0M | -- |
| Other Investments | 78.0M | 62.0M | 42.0M | 21.0M | -- |
| Other Non Current Assets | 169.0M | 161.0M | 139.0M | 118.0M | -- |
| Total Non Current Assets | 51.2B | 51.4B | 49.8B | 48.0B | -- |
| Total Assets | 59.6B | 58.0B | 56.1B | 54.1B | -- |
| Current Debt | 4.0B | 4.2B | 4.1B | 2.6B | -- |
| Current Debt And Capital Lease Obligation | 4.0B | 4.2B | 4.1B | 2.6B | -- |
| Accounts Payable | 982.0M | 1.1B | 996.0M | 1.4B | -- |
| Payables | 2.0B | 2.0B | 1.8B | 2.1B | -- |
| Payables And Accrued Expenses | 4.3B | 4.4B | 4.1B | 4.6B | -- |
| Current Accrued Expenses | 2.3B | 2.4B | 2.3B | 2.5B | -- |
| Current Deferred Revenue | 1.1B | 1.0B | 971.0M | 891.0M | -- |
| Other Current Liabilities | 30.0M | 11.0M | 25.0M | 18.0M | -- |
| Current Liabilities | 9.7B | 9.8B | 9.5B | 8.3B | -- |
| Long Term Debt | 27.4B | 25.6B | 23.4B | 22.5B | -- |
| Long Term Debt And Capital Lease Obligation | 27.4B | 25.6B | 23.4B | 22.5B | -- |
| Other Non Current Liabilities | 36.0M | 54.0M | 59.0M | 64.0M | -- |
| Total Non Current Liabilities Net Minority Interest | 33.3B | 31.4B | 29.4B | 28.1B | -- |
| Total Liabilities Net Minority Interest | 43.0B | 41.2B | 38.8B | 36.4B | -- |
| Common Stock | 14.1B | 13.1B | 12.3B | 11.4B | -- |
| Capital Stock | 14.1B | 13.1B | 12.3B | 11.4B | -- |
| Additional Paid In Capital | 1.6B | 1.1B | 997.0M | 956.0M | -- |
| Retained Earnings | 98.0M | 1.5B | 2.8B | 4.1B | -- |
| Gains Losses Not Affecting Retained Earnings | 4.0M | -105.0M | -44.0M | 110.0M | -- |
| Other Equity Adjustments | 4.0M | -105.0M | -44.0M | 110.0M | -- |
| Common Stock Equity | 15.8B | 15.6B | 16.1B | 16.6B | -- |
| Stockholders Equity | 15.8B | 15.6B | 16.1B | 16.6B | -- |
| Total Equity Gross Minority Interest | 16.6B | 16.8B | 17.3B | 17.7B | -- |
| Minority Interest | 804.0M | 1.2B | 1.2B | 1.1B | -- |
| Total Capitalization | 43.2B | 41.2B | 39.5B | 39.1B | -- |
| Net Tangible Assets | -15.0B | -15.5B | -13.7B | -11.8B | -- |
| Tangible Book Value | -15.0B | -15.5B | -13.7B | -11.8B | -- |
| Working Capital | -1.3B | -3.2B | -3.2B | -2.2B | -- |
| Invested Capital | 47.2B | 45.4B | 43.6B | 41.7B | -- |
| Total Debt | 31.5B | 29.8B | 27.5B | 25.1B | -- |
| Net Debt | 31.5B | 29.8B | 27.5B | 25.1B | -- |
| Share Issued | 1.5B | 1.5B | 1.5B | 1.4B | -- |
| Ordinary Shares Number | 1.5B | 1.5B | 1.5B | 1.4B | -- |
| Allowance For Doubtful Accounts Receivable | -130.0M | -119.0M | -103.0M | -94.0M | -- |
| Available For Sale Securities | 648.0M | 594.0M | 502.0M | 467.0M | -- |
| Buildings And Improvements | 4.0B | 4.0B | 3.8B | 3.7B | -- |
| Construction In Progress | 721.0M | 505.0M | 689.0M | 815.0M | -- |
| Current Deferred Assets | 413.0M | 366.0M | -- | -- | -- |
| Current Deferred Liabilities | 1.1B | 1.0B | 971.0M | 891.0M | -- |
| Current Provisions | 300.0M | 241.0M | 317.0M | 166.0M | -- |
| Defined Pension Benefit | 235.0M | 257.0M | 316.0M | 307.0M | -- |
| Derivative Product Liabilities | 167.0M | 118.0M | 191.0M | 24.0M | -- |
| Dividends Payable | 649.0M | 605.0M | 550.0M | 502.0M | -- |
| Employee Benefits | 551.0M | 533.0M | 529.0M | 460.0M | -- |
| Financial Assets | 40.0M | 113.0M | 179.0M | 250.0M | -- |
| Gross Accounts Receivable | 3.5B | 3.4B | 3.4B | 3.1B | -- |
| Hedging Assets Current | 8.0M | 65.0M | 36.0M | 83.0M | -- |
| Income Tax Payable | 141.0M | 142.0M | 126.0M | 112.0M | -- |
| Interest Payable | 389.0M | 262.0M | 235.0M | 206.0M | -- |
| Investment Properties | 45.0M | 46.0M | 0.00 | -- | -- |
| Investmentin Financial Assets | 648.0M | 594.0M | 502.0M | 467.0M | -- |
| Investmentsin Associatesat Cost | 198.0M | 219.0M | 232.0M | 120.0M | -- |
| Investmentsin Joint Venturesat Cost | 240.0M | 183.0M | 50.0M | 1.0M | -- |
| Land And Improvements | 85.0M | 88.0M | 83.0M | 83.0M | -- |
| Leases | 2.8B | 2.5B | 2.4B | 2.1B | -- |
| Long Term Provisions | 661.0M | 686.0M | 744.0M | 538.0M | -- |
| Machinery Furniture Equipment | 1.9B | 1.9B | 1.8B | 1.8B | -- |
| Non Current Accounts Receivable | 860.0M | 955.0M | 940.0M | 891.0M | -- |
| Non Current Deferred Assets | 444.0M | 319.0M | 256.0M | 173.0M | -- |
| Non Current Deferred Liabilities | 4.5B | 4.4B | 4.5B | 4.5B | -- |
| Non Current Deferred Revenue | 201.0M | 164.0M | 88.0M | 88.0M | -- |
| Non Current Deferred Taxes Assets | 74.0M | 18.0M | 38.0M | 19.0M | -- |
| Non Current Deferred Taxes Liabilities | 4.3B | 4.2B | 4.4B | 4.5B | -- |
| Non Current Note Receivables | -- | -- | -- | -- | 114.0M |
| Non Current Pension And Other Postretirement Benefit Plans | 551.0M | 533.0M | 529.0M | 460.0M | -- |
| Non Current Prepaid Assets | 38.0M | 39.0M | 140.0M | 175.0M | -- |
| Other Current Borrowings | 4.0B | 4.2B | 4.1B | 2.6B | -- |
| Other Payable | -- | -- | -- | -- | 119.0M |
| Other Properties | 40.2B | 39.2B | 38.6B | 37.0B | -- |
| Other Receivables | 917.0M | 825.0M | 727.0M | 747.0M | -- |
| Pensionand Other Post Retirement Benefit Plans Current | -- | -- | 0.00 | 1.0M | 28.0M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Restricted Common Stock | -- | -- | -- | -- | 0.00 |
| Taxes Receivable | 173.0M | 146.0M | 205.0M | 124.0M | -- |
| Total Tax Payable | 367.0M | 289.0M | 270.0M | 226.0M | -- |
| 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 | 4.9B | 4.8B | 4.5B | 4.8B | -- |
| Cash Flow From Continuing Operating Activities | 4.9B | 4.8B | 4.5B | 4.8B | -- |
| Depreciation And Amortization | 4.0B | 4.0B | 4.1B | 3.5B | -- |
| Depreciation Amortization Depletion | 4.0B | 4.0B | 4.1B | 3.5B | -- |
| Stock Based Compensation | 144.0M | 151.0M | 117.0M | 122.0M | -- |
| Deferred Tax | -72.0M | -167.0M | -140.0M | 31.0M | -- |
| Deferred Income Tax | -72.0M | -167.0M | -140.0M | 31.0M | -- |
| Change In Working Capital | -105.0M | 21.0M | -552.0M | -193.0M | -- |
| Changes In Account Receivables | -41.0M | -54.0M | -184.0M | -312.0M | -- |
| Change In Receivables | 62.0M | -89.0M | -237.0M | -303.0M | -- |
| Change In Inventory | 147.0M | -145.0M | 53.0M | -89.0M | -- |
| Change In Payables And Accrued Expense | -113.0M | 307.0M | -268.0M | 173.0M | -- |
| Change In Other Working Capital | -165.0M | -16.0M | -38.0M | 82.0M | -- |
| Change In Other Current Liabilities | -14.0M | -9.0M | 4.0M | -- | -- |
| Other Non Cash Items | -149.0M | -113.0M | 75.0M | -234.0M | -- |
| Capital Expenditure | -2.5B | -3.4B | -3.2B | -3.6B | -- |
| Purchase Of PPE | -2.5B | -2.8B | -3.2B | -3.6B | -- |
| Net PPE Purchase And Sale | -2.5B | -2.8B | -3.2B | -3.6B | -- |
| Purchase Of Business | -531.0M | -359.0M | -1.3B | -1.5B | -- |
| Sale Of Business | 114.0M | 21.0M | 12.0M | 16.0M | -- |
| Purchase Of Investment | -106.0M | -66.0M | -132.0M | -214.0M | -- |
| Net Investment Purchase And Sale | -106.0M | -66.0M | -132.0M | -214.0M | -- |
| Investing Cash Flow | -3.0B | -3.7B | -4.7B | -5.4B | -- |
| Cash Flow From Continuing Investing Activities | -3.0B | -3.7B | -4.7B | -5.4B | -- |
| Issuance Of Debt | 12.8B | 6.5B | 9.2B | 10.3B | -- |
| Repayment Of Debt | -11.6B | -6.8B | -7.7B | -8.0B | -- |
| Net Issuance Payments Of Debt | 1.2B | 462.0M | 1.5B | 2.2B | -- |
| Issuance Of Capital Stock | -- | -- | -- | 0.00 | 1.3B |
| Repurchase Of Capital Stock | -40.0M | 0.00 | -- | -- | -- |
| Net Common Stock Issuance | -40.0M | 0.00 | -- | 0.00 | 1.3B |
| Common Stock Dividend Paid | -1.6B | -1.6B | -1.3B | -1.2B | -- |
| Common Stock Payments | -40.0M | 0.00 | -- | -- | -- |
| Financing Cash Flow | -74.0M | -1.1B | 139.0M | 848.0M | -- |
| Cash Flow From Continuing Financing Activities | -74.0M | -1.1B | 139.0M | 848.0M | -- |
| Changes In Cash | 1.8B | 5.0M | -110.0M | 251.0M | -- |
| Beginning Cash Position | 869.0M | 864.0M | 974.0M | 723.0M | -- |
| End Cash Position | 2.6B | 869.0M | 864.0M | 974.0M | -- |
| Free Cash Flow | 2.4B | 1.5B | 1.3B | 1.2B | -- |
| Income Tax Paid Supplemental Data | 480.0M | 358.0M | 389.0M | 519.0M | -- |
| Interest Paid Supplemental Data | 1.4B | 1.3B | 1.2B | 816.0M | -- |
| Amortization Cash Flow | 1.6B | 1.5B | 1.6B | 1.2B | -- |
| Amortization Of Intangibles | 1.6B | 1.5B | 1.6B | 1.2B | -- |
| Asset Impairment Charge | 518.0M | 79.0M | -- | -- | -- |
| Cash Dividends Paid | -1.6B | -1.6B | -1.3B | -1.2B | -- |
| Change In Prepaid Assets | -22.0M | -27.0M | -66.0M | -56.0M | -- |
| Common Stock Issuance | -- | -- | -- | 0.00 | 1.3B |
| Depreciation | 2.4B | 2.4B | 2.5B | 2.2B | -- |
| Earnings Losses From Equity Investments | -45.0M | -92.0M | -9.0M | 7.0M | -- |
| Gain Loss On Investment Securities | -- | -- | -- | -193.0M | -- |
| Gain Loss On Sale Of Business | -- | -- | -- | 0.00 | -410.0M |
| Long Term Debt Issuance | 12.8B | 6.5B | 9.2B | 10.3B | -- |
| Long Term Debt Payments | -11.6B | -6.8B | -7.7B | -8.0B | -- |
| Net Business Purchase And Sale | -417.0M | -338.0M | -1.3B | -1.5B | -- |
| Net Income From Continuing Operations | 777.0M | 938.0M | 867.0M | 1.7B | -- |
| Net Intangibles Purchase And Sale | 0.00 | -637.0M | -29.0M | 0.00 | -- |
| Net Long Term Debt Issuance | 1.1B | -363.0M | 1.5B | 2.2B | -- |
| Net Other Financing Charges | 439.0M | -42.0M | -77.0M | -169.0M | -- |
| Net Other Investing Changes | -2.0M | 91.0M | -128.0M | -16.0M | -- |
| Net Short Term Debt Issuance | 13.0M | 825.0M | -2.0M | -17.0M | -- |
| Operating Gains Losses | -288.0M | -19.0M | 63.0M | -85.0M | -- |
| Pension And Employee Benefit Expense | 60.0M | 73.0M | 72.0M | 101.0M | -- |
| Purchase Of Intangibles | 0.00 | -637.0M | -29.0M | 0.00 | -- |