Cash Flow
| Year Ending Dec 2025 (Update) | Year Ending Dec 2024 (Update) | Year Ending Dec 2023 (Update) | Year Ending Dec 2022 (Update) | |
|---|---|---|---|---|
| Net Income/Starting Line | 688.00 | 704.90 | 503.00 | 757.10 |
| Depreciation – Supplemental | 206.40 | 197.10 | 187.40 | 177.40 |
| Depreciation/Depletion | 206.40 | 197.10 | 187.40 | 177.40 |
| Amortization of Intangibles | 121.80 | 115.10 | 111.00 | 113.30 |
| Amortization | 121.80 | 115.10 | 111.00 | 113.30 |
| Deferred Taxes | -19.90 | -18.50 | -24.40 | 18.40 |
| Unusual Items | -- | |||
| Other Non-Cash Items | 127.90 | 143.30 | 109.30 | 121.00 |
| Non-Cash Items | 127.90 | 143.30 | 109.30 | 121.00 |
| Accounts Receivable | 44.00 | -107.30 | -16.70 | -22.10 |
| Inventories | 53.20 | -90.70 | 111.70 | -140.70 |
| Other Assets | 3.80 | -48.00 | 37.70 | 15.30 |
| Accounts Payable | -144.40 | 106.70 | -87.60 | 68.20 |
| Accrued Expenses | ||||
| Taxes Payable | -5.10 | 40.20 | -18.70 | 18.90 |
| Other Liabilities | -194.30 | -104.00 | -86.70 | -165.80 |
| Changes in Working Capital | -242.80 | -203.10 | -60.30 | -226.20 |
| Cash from Operating Activities | 881.40 | 938.80 | 826.00 | 961.00 |
| Purchase of Fixed Assets | -169.00 | -208.80 | -265.30 | -278.10 |
| Purchase/Acquisition of Intangibles | -31.40 | -31.00 | -19.80 | -20.40 |
| Capital Expenditures | -200.40 | -239.80 | -285.10 | -298.50 |
| Acquisition of Business | -401.80 | -3.80 | -224.90 | -39.50 |
| Sale of Business | -- | -- | 1.10 | |
| Sale of Fixed Assets | 22.60 | 0.60 | 1.00 | 2.30 |
| Sale/Maturity of Investment | 6.20 | |||
| Investment, Net | 3.50 | 10.10 | 1.90 | 1.90 |
| Purchase of Investments | -26.10 | |||
| Other Investing Cash Flow | -- | -10.20 | 48.10 | |
| Other Investing Cash Flow Items, Total | -395.60 | -3.30 | -173.90 | -34.20 |
| Cash from Investing Activities | -596.00 | -243.10 | -459.00 | -332.70 |
| Other Financing Cash Flow | 6.20 | -13.20 | -25.40 | -25.10 |
| Financing Cash Flow Items | 6.20 | -13.20 | -25.40 | -25.10 |
| Cash Dividends Paid - Common | -288.40 | -277.50 | -256.70 | -238.90 |
| Total Cash Dividends Paid | -288.40 | -277.50 | -256.70 | -238.90 |
| Repurchase/Retirement of Common | -572.30 | -247.50 | -137.50 | -379.50 |
| Common Stock, Net | -572.30 | -247.50 | -137.50 | -379.50 |
| Issuance (Retirement) of Stock, Net | -572.30 | -247.50 | -137.50 | -379.50 |
| Short Term Debt, Net | 422.50 | -269.00 | -36.60 | 34.60 |
| Long Term Debt Issued | 576.50 | 539.20 | 394.90 | -- |
| Long Term Debt Reduction | -559.40 | -308.10 | -255.90 | -6.30 |
| Long Term Debt, Net | 17.10 | 231.10 | 139.00 | -6.30 |
| Issuance (Retirement) of Debt, Net | 439.60 | -37.90 | 102.40 | 28.30 |
| Cash from Financing Activities | -414.90 | -576.10 | -317.20 | -615.20 |
| Foreign Exchange Effects | 3.20 | -5.50 | -2.00 | -8.60 |
| Net Change in Cash | -126.30 | 114.10 | 47.80 | 4.50 |
| Net Cash - Beginning Balance | 329.10 | 215.00 | 167.20 | 162.70 |
| Net Cash - Ending Balance | 202.80 | 329.10 | 215.00 | 167.20 |
| Cash Interest Paid | 131.30 | 111.80 | 109.90 | 80.90 |
| Cash Taxes Paid | 265.00 | 226.80 | 234.90 | 204.80 |
In millions of USD (except for per share items)
Source: LSEG