Operating ActivitiesSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22Sep '22Jun '22

Net Income

2,246

2,577

2,342

2,416

1,955

1,725

Depreciation & Amortization

1,518

1,565

1,610

1,650

1,689

1,534

Stock Based Compensation

263

255

240

254

260

255

Other Adjustments

-342

-43

-181

-686

-436

-470

Changes in Other Operating Activities

-9

-55

-7

-67

-151

35

Cash from Operating Activities

3,098

3,172

3,192

3,694

3,332

1,605

Investing ActivitiesSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22Sep '22Jun '22

Capital Expenditure

-431

-431

-430

-425

-419

-420

Payments for Business Acquisitions

-37

—

—

—

-8,342

—

Proceeds from Business Divestments

—

—

—

—

—

—

Other Investing Activities

-125

-122

-104

-99

-35

-103

Cash from Investing Activities

-593

2,811

2,865

2,950

-5,360

-9,249

Financing ActivitiesSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22Sep '22Jun '22

Issuance of Short-Term Debt

9,118

-825

149

-2,660

307

2,127

Repayments of Short-Term Debt

-4,918

—

—

—

-327

—

Net Issuance / (Repayments) of Short-Term Debt

4,200

-825

149

-2,660

-20

2,127

Issuance of Long-Term Debt

1,544

—

—

—

—

—

Repayments of Long-Term Debt

-503

-776.5

-820.5

—

-547

—

Net Issuance / (Repayments) of Long-Term Debt

1,041

-776.5

-820.5

—

-547

—

Repurchases of Common Shares

-1,167

-1,407

-1,512

-1,512.5

-643

-302

Net Issuance / (Repurchases) of Common Shares

-1,167

-1,407

-1,512

-1,512.5

-643

-302

Common Share Dividends Paid

-1,192

-1,195

-1,199

-1,202

-1,201

-1,199

Other Financing Activities

-7,392

-47

-81

-90

-44

-67

Cash from Financing Activities

-4,510

-6,057

-6,450

-5,801

-2,455

62

Free Cash FlowSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22Sep '22Jun '22

Free Cash Flow

2,667

2,741

2,762

3,269

2,913

1,185

NOPAT

2,418.8

2,255.7

2,206

2,260

1,834.6

1,854.6

Levered Free Cash Flow

8,612

2,129.5

2,896.5

909

2,520

4,992

Unlevered Free Cash Flow

3,496.8

3,334.7

3,379

3,418

2,953.6

3,003.6

Net Change in Cash

-2,005

-74

-393

843

-4,483

-7,582