Income StatementJun '25Dec '24Jun '24Dec '23Jun '23Dec '22Jun '22Dec '21Jun '21Dec '20Jun '20Dec '19Jun '19Dec '18

Total Revenues

13,404

12,585

12,293

11,847

11,349

10,698

Total Revenues %Chg

9%

6.2%

8.3%

10.7%

12.9%

10.1%

Cost of Sales

8,361

7,710

7,665

7,416

7,346

7,091

Gross Profit

5,043

4,875

4,628

4,431

4,003

3,607

Gross Profit Margin

37.6%

38.7%

37.6%

37.4%

35.3%

33.7%

Selling, General & Administrative Expenses

2,197

2,031

2,046

1,905

1,890

1,609

Research & Development Expenses

390

409

385

388

366

332

Other Operating Expenses

-10

-6

-58

-89

-4

14

Operating Profit

2,466

2,441

2,255

2,227

1,751

1,652

Operating Margin

18.4%

19.4%

18.3%

18.8%

15.4%

15.4%

Interest Expense

-103

-71

-59

-60

-91

-81

Non-Operating Income

—

—

—

—

—

—

Total Non-Operating Income

-103

-71

-59

-60

-91

-81

Income Before Provision for Income Taxes

2,363

2,371

2,195

2,167

1,660

1,572

Provision for Income Taxes

415

389

379

328

276

240

Consolidated Net Income

1,947

1,982

1,816

1,839

1,384

1,330

Net Income Attributable to Minority Interests and Other

2

2

2

2

3

3

Net Income Attributable to Common Shareholders

1,945

1,980

1,814

1,836

1,382

1,329

Basic EPS

5

5

4.5

4.6

3.5

3.3

Diluted EPS

5

5

4.5

4.6

3.5

3.3

Basic Weighted Average Shares Outstanding

391.2

395.6

399.6

399.5

398.7

398.3

Total Shares Outstanding

389.3

392.9

398.1

399.4

399

397.8

Diluted Weighted Average Shares Outstanding

392.5

397.3

401.5

401.6

400.6

400.4

EBITDA

2,959

2,910

2,707

2,687

2,217

2,127

Effective Tax Rate

17.6%

16.4%

17.3%

15.1%

16.6%

15.3%