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

Net Income

5,260

5,661

6,095

6,016

8,018

7,542

Depreciation & Amortization

6,954

7,014

6,989

6,954

6,701

6,654

Share-Based Compensation Expense

38

-78

14

-57

-143

16

Other Adjustments

1,154

706

913

1,421

1,369

1,567

Changes in Other Operating Activities

393

946

1,148

1,626

349

464

Cash from Operating Activities

13,943

14,419

15,329

15,960

15,195

15,118

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

Capital Expenditure

-5,907

-5,978

-6,317

-6,483

-6,465

-6,487

Proceeds from Sale of Property, Plant & Equipment

33

28

43

51

38

76

Payments for Business Acquisitions

—

—

—

—

—

—

Other Investing Activities

-340

-324

-118

-40

-41

-33

Cash from Investing Activities

-6,214

-6,274

-6,392

-6,472

-8,150

-8,126

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

Issuance of Short-Term Debt

-18

-54

-742

-503

-2,493

-4,218

Net Issuance / (Repayments) of Short-Term Debt

-18

-54

-742

-503

-2,493

-4,218

Issuance of Long-Term Debt

—

—

—

—

—

—

Repayments of Long-Term Debt

—

—

—

-1,566

—

—

Net Issuance / (Repayments) of Long-Term Debt

—

—

—

-1,566

—

—

Issuance of Common Shares

193

165

330

385

376

438

Repurchases of Common Shares

-3,298

-3,338

-3,413

-2,908

-2,283

-1,793

Net Issuance / (Repurchases) of Common Shares

-3,105

-3,173

-3,083

-2,523

-1,907

-1,355

Common Share Dividends Paid

-2,803

-2,805

-2,806

-2,803

-2,794

-2,780

Other Financing Activities

-677

-637

-569

-487

-427

-388

Cash from Financing Activities

-7,830

-8,217

-8,748

-7,882

-6,442

-7,241

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

Free Cash Flow

8,036

8,441

9,012

9,477

8,730

8,631

NOPAT

6,382.9

6,576.4

7,111.4

7,074.1

7,551.6

7,433.4

Levered Free Cash Flow

6,682

7,589

7,173

6,044

6,110

3,955

Unlevered Free Cash Flow

7,822.9

8,558.4

8,931.4

9,171.1

8,136.6

8,064.4

Net Change in Cash

-101

-72

189

1,606

603

-249