Net Income | 754 | 731 | 673 | 531 | 442 | 299 | |
Depreciation & Amortization | 119 | 121 | 154 | 155 | 150 | 148 | |
Other Amortization | 3 | 3 | 4 | 4 | 4 | 4 | |
Loss (Gain) From Sale of Assets | 2 | 2 | -3 | -6 | -3 | - | |
Loss (Gain) From Sale of Investments | -1 | 9 | 1 | 22 | -4 | - | |
Stock-Based Compensation | 26 | 26 | 22 | 18 | 14 | 17 | |
Other Operating Activities | -12 | -14 | -16 | 4 | 64 | 91 | |
Change in Accounts Receivable | 10 | -8 | 7 | -70 | -78 | 28 | |
Change in Inventory | -63 | -44 | -52 | -25 | -26 | 21 | |
Change in Accounts Payable | 2 | 1 | 21 | 15 | 24 | -4 | |
Change in Other Net Operating Assets | -31 | -26 | -27 | 9 | 48 | -43 | |
Operating Cash Flow | 809 | 801 | 784 | 657 | 635 | 561 | |
Operating Cash Flow Growth | 5.89% | 2.17% | 19.33% | 3.46% | 13.19% | -33.77% | |
Capital Expenditures | -158 | -143 | -125 | -167 | -175 | -115 | |
Sale of Property, Plant & Equipment | 4 | 4 | - | 2 | - | - | |
Cash Acquisitions | - | - | - | -23 | - | 4 | |
Sale (Purchase) of Intangibles | - | - | 2 | 6 | 4 | - | |
Investment in Securities | -7 | -8 | -6 | -1 | -41 | - | |
Investing Cash Flow | -161 | -147 | -129 | -183 | -212 | -111 | |
Short-Term Debt Issued | - | - | - | 95 | - | 800 | |
Long-Term Debt Issued | - | - | - | - | - | 1,000 | |
Total Debt Issued | - | - | - | 95 | - | 1,800 | |
Short-Term Debt Repaid | - | - | - | -95 | - | -800 | |
Long-Term Debt Repaid | - | -104 | -7 | -7 | -7 | -1,019 | |
Total Debt Repaid | -4 | -104 | -7 | -102 | -7 | -1,819 | |
Net Debt Issued (Repaid) | -4 | -104 | -7 | -7 | -7 | -19 | |
Issuance of Common Stock | 15 | 32 | 28 | 2 | 3 | 2 | |
Repurchase of Common Stock | -368 | -264 | -270 | -282 | -516 | -227 | |
Common Dividends Paid | -89 | -87 | -83 | -80 | -81 | -78 | |
Other Financing Activities | -1 | -4 | - | - | -3 | -13 | |
Financing Cash Flow | -447 | -427 | -332 | -367 | -604 | -335 | |
Foreign Exchange Rate Adjustments | 1 | -1 | - | -2 | -2 | 3 | |
Net Cash Flow | 202 | 226 | 323 | 105 | -183 | 118 | |
Free Cash Flow | 651 | 658 | 659 | 490 | 460 | 446 | |
Free Cash Flow Growth | -0.15% | -0.15% | 34.49% | 6.52% | 3.14% | -33.93% | |
Free Cash Flow Margin | 20.33% | 20.40% | 21.71% | 17.70% | 19.15% | 21.43% | |
Free Cash Flow Per Share | 7.46 | 7.48 | 7.24 | 5.10 | 4.30 | 3.91 | |
Cash Interest Paid | 122 | 124 | 131 | 117 | 103 | 136 | |
Cash Income Tax Paid | 188 | 190 | 194 | 102 | 60 | 26 | |
Levered Free Cash Flow | 497.25 | 525.75 | 529.5 | 385.88 | 340.25 | 308.88 | |
Unlevered Free Cash Flow | 547.38 | 578.38 | 592.38 | 455.63 | 408.75 | 390.5 | |
Change in Net Working Capital | 74 | 60 | 40 | 52 | 8 | 2 | |