| Year Ending Dec 2025 (Update) | Year Ending Dec 2024 (Update) | Year Ending Dec 2023 (Update) | Year Ending Dec 2022 (Update) | |
|---|---|---|---|---|
| Net Income/Starting Line | 4,772 | 5,740 | 5,672 | 4,967 |
| Depreciation – Supplemental | 546 | 671 | 659 | 657 |
| Depreciation/Depletion | 546 | 671 | 659 | 657 |
| Amortization of Intangibles | 842 | 663 | 517 | 547 |
| Amortization | 842 | 663 | 517 | 547 |
| Deferred Taxes | 18 | -233 | 153 | -180 |
| Discontinued Operations | 29 | No data | No data | No data |
| Unusual Items | 629 | -15 | -929 | 732 |
| Other Non-Cash Items | -76 | -966 | -1,093 | -704 |
| Non-Cash Items | 582 | -981 | -2,022 | 28 |
| Accounts Receivable | -825 | -96 | -42 | -739 |
| Inventories | -636 | -304 | -626 | -440 |
| Other Assets | -233 | 371 | 17 | 232 |
| Accounts Payable | 724 | 95 | 518 | -155 |
| Accrued Expenses | 1,325 | 171 | 494 | 357 |
| Taxes Payable | -707 | No data | No data | No data |
| Changes in Working Capital | -352 | 237 | 361 | -745 |
| Cash from Operating Activities | 6,408 | 6,097 | 5,340 | 5,274 |
| Purchase of Fixed Assets | -986 | -1,164 | -1,039 | -766 |
| Capital Expenditures | -986 | -1,164 | -1,039 | -766 |
| Acquisition of Business | -2,211 | -8,880 | -718 | -178 |
| Sale of Business | 1,157 | 0 | 4 | 0 |
| Sale of Fixed Assets | 31 | 0 | 43 | 29 |
| Sale/Maturity of Investment | 1,469 | 870 | 971 | 1,255 |
| Investment, Net | -399 | 94 | 6 | 778 |
| Purchase of Investments | -1,503 | -1,077 | -560 | -1,211 |
| Other Investing Cash Flow | -269 | No data | No data | No data |
| Other Investing Cash Flow Items, Total | -1,725 | -8,993 | -254 | 673 |
| Cash from Investing Activities | -2,711 | -10,157 | -1,293 | -93 |
| Other Financing Cash Flow | 1,982 | 3 | 28 | -48 |
| Financing Cash Flow Items | 1,982 | 3 | 28 | -48 |
| Cash Dividends Paid - Common | -2,976 | -2,902 | -2,855 | -2,719 |
| Total Cash Dividends Paid | -2,976 | -2,902 | -2,855 | -2,719 |
| Sale/Issuance of Common | 237 | 537 | 196 | 320 |
| Repurchase/Retirement of Common | -3,804 | -1,655 | -3,715 | -4,200 |
| Common Stock, Net | -3,567 | -1,118 | -3,519 | -3,880 |
| Issuance (Retirement) of Stock, Net | -3,567 | -1,118 | -3,519 | -3,880 |
| Short Term Debt Issued | 24,297 | 13,838 | 12,991 | 7,661 |
| Short Term Debt Reduction | -22,815 | -11,578 | -13,663 | -8,447 |
| Short Term Debt, Net | 1,482 | 2,260 | -672 | -786 |
| Long Term Debt Issued | 4,035 | 10,408 | 2,986 | 2,953 |
| Long Term Debt Reduction | -2,909 | -1,812 | -1,731 | -1,850 |
| Long Term Debt, Net | 1,126 | 8,596 | 1,255 | 1,103 |
| Issuance (Retirement) of Debt, Net | 2,608 | 10,856 | 583 | 317 |
| Cash from Financing Activities | -1,953 | 6,839 | -5,763 | -6,330 |
| Foreign Exchange Effects | 176 | -137 | 14 | -183 |
| Net Change in Cash | 1,920 | 2,642 | -1,702 | -1,332 |
| Net Cash - Beginning Balance | 10,567 | 7,925 | 9,627 | 10,959 |
| Net Cash - Ending Balance | 12,487 | 10,567 | 7,925 | 9,627 |
| Cash Interest Paid | 1,300 | 869 | 649 | 375 |
| Cash Taxes Paid | 1,798 | 1,689 | 1,581 | 1,324 |
In millions of USD (except for per share items)
Source: LSEG
