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

Net Income

917

1,234

909

1,199

837

903

Depreciation & Amortization

503

493

504

488

472

473

Other Adjustments

-159

-381

-91

-102

-17

-126

Changes in Other Operating Activities

13

9

-166

119

-20

28

Cash from Operating Activities

1,274

1,355

1,156

1,704

1,272

1,278

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

Capital Expenditure

-867

-755

-723

-751

-757

-824

Proceeds from Sale of Property, Plant & Equipment

1

4

11

45

9

9

Purchases of Investments

—

—

—

—

—

—

Proceeds from Sale of Investments

—

493

—

—

—

—

Proceeds from Business Divestments

—

—

—

—

—

—

Other Investing Activities

-16

-48

-3

-6

-12

33

Cash from Investing Activities

-882

-306

-715

-712

-760

-782

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

Issuance of Short-Term Debt

—

—

—

274

—

—

Repayments of Short-Term Debt

—

—

—

—

—

—

Net Issuance / (Repayments) of Short-Term Debt

1,221

-714

-738

1,144

-343

-157

Issuance of Long-Term Debt

—

1,392

1,710

—

—

—

Repayments of Long-Term Debt

-5

-5

-935

-2,018

-89

-149

Net Issuance / (Repayments) of Long-Term Debt

-5

1,387

775

-2,018

-89

-149

Issuance of Common Shares

14

30

8

14

13

20

Repurchases of Common Shares

-1,805

-1,393

-347

—

—

—

Net Issuance / (Repurchases) of Common Shares

-1,791

-1,363

-339

14

13

20

Common Share Dividends Paid

-205

-210

-177

-177

-177

-178

Other Financing Activities

-2

-1

-5

2

—

—

Cash from Financing Activities

-782

-901

-484

-761

-596

-464

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

Free Cash Flow

407

600

433

953

515

454

NOPAT

1,010

1,041.6

996.8

1,294.4

916.2

957.4

Levered Free Cash Flow

1,785

1,654

562

183

100

276

Unlevered Free Cash Flow

659

788.6

611.8

1,150.4

611.2

634.4

Net Change in Cash

-390

148

-43

231

-84

32