Church & Dwight Co., Inc.

CHD

CHDChurch & Dwight Co., Inc. US flag

New York Stock Exchange

98.42

USD

+0.10

- -

23.32BMarket Cap

Income Statement (USD)

MCP API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	2,749	2,922	3,194	3,298	3,395	3,493	3,776	4,146	4,358	4,896	5,190	5,376	5,868	6,107	6,203
+ Sales & Services Revenue	2,749	2,922	3,194	3,298	3,395	3,493	3,776	4,146	4,358	4,896	5,190	5,376	5,868	6,107	6,203
- Cost of Revenue	1,535	1,630	1,756	1,845	1,883	1,902	2,047	2,305	2,374	2,682	2,927	3,126	3,279	3,317	3,428
+ Cost of Goods & Services	1,535	1,630	1,756	1,845	1,883	1,902	2,047	2,305	2,374	2,682	2,927	3,126	3,279	3,317	3,428
Gross Profit	1,214	1,291	1,438	1,453	1,512	1,591	1,730	1,841	1,984	2,214	2,264	2,250	2,588	2,790	2,775
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	722	746	816	812	838	866	997	1,049	1,144	1,184	1,184	1,241	1,531	1,626	1,697
+ Selling, General & Admin	722	746	816	812	838	866	997	1,049	1,144	1,184	1,184	1,241	1,531	1,626	1,697
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	493	545	622	641	674	724	733	792	840	1,030	1,079	1,009	1,057	1,164	1,078
- Non-Operating (Income) Loss	-2	3	24	16	39	18	40	72	66	56	47	486	90	408	121
+ Interest Expense, Net	7	14	28	27	30	28	53	79	74	61	54	86	98	69	72
+ Interest Expense	9	14	28	27	30	28	53	79	74	61	54	90	111	95	95
- Interest Income	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	13	26	24
+ Other Non-Op (Income) Loss	-9	-11	-3	-11	8	-9	-13	-7	-7	-5	-7	400	-8	339	49
Pretax Income	495	542	598	625	635	706	693	720	774	974	1,032	523	967	756	957
- Income Tax Expense (Benefit)	185	193	203	211	225	247	-51	151	158	188	204	109	212	171	220
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	310	350	394	414	410	459	743	569	616	786	828	414	756	585	737
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	310	350	394	414	410	459	743	569	616	786	828	414	756	585	737
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	310	350	394	414	410	459	743	569	616	786	828	414	756	585	737
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	310	350	394	414	410	459	743	569	616	786	828	414	756	585	737
EBIT	493	545	622	641	674	724	733	792	840	1,030	1,079	1,009	1,057	1,164	1,078
EBITDA	570	630	713	732	775	832	858	933	1,017	1,219	1,298	1,228	1,283	1,403	1,325
EBITDA Margin (%)	20.72	21.56	22.31	22.21	22.83	23.81	22.72	22.5	23.33	24.91	25.01	22.84	21.86	22.98	21.36
EBITA	493	545	622	641	674	724	733	792	840	1,030	1,079	1,009	1,057	1,164	1,078
Gross Margin (%)	44.17	44.2	45.02	44.06	44.53	45.54	45.8	44.4	45.53	45.23	43.61	41.86	44.11	45.69	44.73
Operating Margin (%)	17.92	18.66	19.48	19.44	19.86	20.73	19.4	19.1	19.28	21.03	20.79	18.77	18.02	19.06	17.37
Profit Margin (%)	11.26	11.97	12.35	12.55	12.09	13.14	19.69	13.71	14.13	16.05	15.94	7.7	12.88	9.58	11.88
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.34	0.48	0.56	0.62	0.67	0.71	0.76	0.87	0.91	0.96	1.01	1.05	1.09	1.13	1.18
Depreciation Expense	77	85	90	91	101	108	125	141	176	190	219	219	225	239	247
Basic Weighted Avg Shares	286	280	277	270	262	258	251	246	246	247	245	243	245	244	243
Basic EPS, GAAP	1.08	1.25	1.42	1.53	1.57	1.78	2.97	2.32	2.5	3.18	3.38	1.7	3.09	2.39	3.04
Basic EPS from Cont Ops	1.08	1.25	1.42	1.53	1.57	1.78	2.97	2.32	2.5	3.18	3.38	1.7	3.09	2.39	3.04
Diluted Weighted Avg Shares	292	285	282	275	267	262	256	251	252	252	250	246	248	247	244
Diluted EPS, GAAP	1.06	1.23	1.4	1.51	1.54	1.75	2.9	2.27	2.44	3.12	3.32	1.68	3.05	2.37	3.02
Diluted EPS from Cont Ops	1.06	1.23	1.4	1.51	1.54	1.75	2.9	2.27	2.44	3.12	3.32	1.68	3.05	2.37	3.02

Balance Sheet (USD)

MCP API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	755	934	1,116	1,018	906	757	1,000	1,078	956	1,112	1,233	1,396	1,530	2,241	1,597
+ Cash, Cash Equivalents & STI	251	343	497	423	330	188	279	317	156	183	241	270	344	964	409
+ Cash & Cash Equivalents	251	343	497	423	330	188	279	317	156	183	241	270	344	964	409
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	265	303	330	323	276	287	346	345	356	399	406	422	527	601	593
+ Accounts Receivable, Net	265	303	330	323	276	287	346	345	356	399	406	422	527	601	593
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	201	242	250	246	274	258	331	383	417	495	535	647	613	613	535
+ Raw Materials	50	72	70	71	85	70	86	84	86	113	116	150	138	140	144
+ Work In Process	11	22	30	25	33	29	31	34	29	33	40	47	40	45	35
+ Finished Goods	140	148	150	150	156	160	214	264	302	350	379	450	436	428	356
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	38	46	38	26	26	24	45	33	27	35	52	57	45	62	60
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	2,362	3,164	3,144	3,341	3,351	3,597	5,015	4,991	5,701	6,302	6,763	6,950	7,040	6,642	7,315
+ Property, Plant & Equip, Net	506	586	594	616	610	589	608	598	573	613	653	761	928	932	823
+ Property, Plant & Equip	910	1,022	1,067	1,122	1,145	1,165	1,226	1,267	1,266	1,362	1,453	1,601	1,817	1,852	1,697
- Accumulated Depreciation	404	436	473	505	535	577	619	669	693	749	800	840	890	920	874
+ LT Investments & Receivables	12	23	24	25	8	8	9	8	10	9	9	13	12	11	10
+ LT Investments	12	23	24	25	8	8	9	8	10	9	9	13	12	11	10
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,844	2,555	2,525	2,700	2,733	3,000	4,398	4,384	5,118	5,680	6,101	6,176	6,100	5,700	6,482
+ Total Intangible Assets	1,772	2,469	2,426	2,597	2,624	2,876	4,279	4,267	4,830	5,340	5,769	5,858	5,734	5,322	6,139
+ Goodwill	868	1,214	1,222	1,325	1,355	1,444	1,959	1,993	2,080	2,230	2,274	2,427	2,432	2,433	2,628
+ Other Intangible Assets	904	1,255	1,204	1,272	1,270	1,432	2,320	2,274	2,750	3,110	3,494	3,432	3,302	2,888	3,512
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	72	87	99	103	108	124	118	117	289	340	332	318	366	378	343
Total Assets	3,118	4,098	4,260	4,359	4,257	4,354	6,015	6,069	6,657	7,414	7,996	8,346	8,569	8,883	8,912
+ Payables & Accruals	381	472	497	509	516	575	664	728	839	1,037	1,123	1,110	1,218	1,316	1,498
+ Accounts Payable	232	241	257	284	294	332	399	430	473	588	664	667	631	705	732
+ Accrued Taxes	2	40	2	1	7	6	5	3	8	13	3	7	7	5	3
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	148	191	238	224	214	237	260	295	359	436	456	436	580	606	762
+ ST Debt	3	254	154	397	357	427	271	598	253	351	952	74	204	- -	- -
+ ST Borrowings	3	254	154	397	357	427	271	598	253	351	952	74	204	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	384	726	651	905	873	1,002	935	1,326	1,092	1,389	2,075	1,184	1,422	1,316	1,498
+ LT Debt	250	649	650	690	693	693	2,103	1,509	1,810	1,812	1,611	2,600	2,202	2,205	2,205
+ LT Borrowings	250	649	650	690	693	693	2,103	1,509	1,810	1,812	1,611	2,600	2,202	2,205	2,205
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	444	662	659	662	668	681	758	780	1,087	1,193	1,077	1,072	1,090	1,002	1,207
+ Accrued Liabilities	398	611	634	634	668	681	758	757	895	1,075	745	757	743	669	887
+ Pension Liabilities	45	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	51	26	28	- -	- -	- -	23	192	118	332	315	346	333	320
Total Noncurrent Liabilities	693	1,311	1,308	1,352	1,361	1,374	2,862	2,289	2,897	3,006	2,688	3,672	3,292	3,206	3,412
Total Liabilities	1,077	2,037	1,960	2,257	2,234	2,376	3,797	3,615	3,990	4,394	4,763	4,856	4,714	4,522	4,910
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	418	465	499	511	523	544	557	574	588	567	603	660	748	857	919
+ Common Stock	146	146	146	146	293	293	293	293	293	293	293	294	294	294	294
+ Additional Paid in Capital	272	319	353	365	230	251	265	281	296	274	310	366	455	563	625
- Treasury Stock	94	336	368	790	1,104	1,428	1,782	1,899	2,091	2,255	2,668	2,665	2,878	2,785	3,665
+ Retained Earnings	1,714	1,929	2,168	2,415	2,650	2,926	3,479	3,833	4,237	4,786	5,366	5,525	6,012	6,320	6,768
+ Other Equity	3	2	- -	-35	-46	-64	-36	-54	-67	-78	-68	-29	-27	-31	-20
Equity Before Minority Interest	2,041	2,061	2,300	2,102	2,023	1,978	2,218	2,454	2,668	3,020	3,233	3,490	3,855	4,361	4,002
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	2,041	2,061	2,300	2,102	2,023	1,978	2,218	2,454	2,668	3,020	3,233	3,490	3,855	4,361	4,002
Total Liabilities & Equity	3,118	4,098	4,260	4,359	4,257	4,354	6,015	6,069	6,657	7,414	7,996	8,346	8,569	8,883	8,912
Shares Outstanding	285	278	278	267	260	254	248	247	245	245	243	244	243	246	237
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	1	560	306	664	720	932	2,095	1,790	1,907	1,981	2,322	2,403	2,062	1,240	1,796
Net Debt to Equity	0.04	27.18	13.32	31.57	35.59	47.14	94.47	72.96	71.5	65.58	71.83	68.86	53.47	28.45	44.88
Tangible Common Equity Ratio	19.95	-25.02	-6.9	-28.12	-36.83	-60.75	-118.79	-100.6	-118.26	-111.79	-113.82	-95.23	-66.25	-26.98	-77.05
Current Ratio	1.97	1.29	1.71	1.12	1.04	0.76	1.07	0.81	0.88	0.8	0.59	1.18	1.08	1.7	1.07
Cash Conversion Cycle	28.09	33.47	35.95	31.62	27.4	19.97	20.19	22.72	22.44	20.08	15.55	22.09	26.69	27.7	17.94

Cash Flow Statement (USD)

MCP API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	310	350	394	414	410	459	743	569	616	786	828	414	756	585	737
+ Depreciation & Amortization	77	85	90	91	101	108	125	141	176	190	219	219	225	239	247
+ Non-Cash Items	62	13	31	22	58	14	-188	40	40	-45	-36	321	59	340	221
+ Stock-Based Compensation	11	12	17	17	16	16	18	23	21	22	24	32	64	59	58
+ Deferred Income Taxes	59	13	11	13	24	25	-238	11	6	26	20	-118	-14	-82	36
+ Asset Impairment Charge	3	2	8	6	19	6	2	4	14	2	15	413	9	369	56
+ Other Non-Cash Adj	-11	-14	-6	-14	-1	-32	29	2	- -	-94	-94	-7	- -	-6	72
+ Chg in Non-Cash Work Cap	-11	75	-16	14	37	74	1	14	32	59	-17	-69	-9	-8	10
+ (Inc) Dec in Accts Receiv	-35	-9	-31	-2	34	-13	-10	-3	-9	-13	2	-5	-97	-82	39
+ (Inc) Dec in Inventories	-9	-1	-7	2	-38	19	-25	-55	-34	-62	-29	-93	38	2	56
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	46	89	44	20	52	83	19	49	76	180	32	54	53	90	-64
+ Inc (Dec) in Other	-13	-4	-22	-6	-10	-16	17	24	-1	-46	-22	-25	-4	-19	-22
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	438	524	500	540	606	655	682	764	864	990	994	885	1,031	1,156	1,215
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-77	-74	-67	-70	-62	-50	-45	-60	-74	-99	-119	-179	-224	-180	-122
+ Acq of Fixed Prod Assets	-77	-74	-67	-70	-62	-50	-45	-60	-74	-99	-119	-179	-224	-180	-122
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-80	-250	-50	-479	-363	-400	-400	-200	-250	-300	-500	- -	-300	- -	-900
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-80	-250	-50	-479	-363	-400	-400	-200	-250	-300	-500	- -	-300	- -	-900
+ Net Change in LT Investment	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-72	-666	- -	-216	-75	-305	-1,260	-50	-475	-513	-556	-547	- -	-13	-496
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7	160
+ Cash for Acq of Subs	-72	-666	- -	-216	-75	-305	-1,260	-50	-475	-513	-556	-547	- -	-20	-656
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	-1	-10	-2	-4	- -	2	-2	-5	4	-7	-3	-11	10	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-148	-741	-77	-288	-141	-355	-1,303	-112	-554	-608	-682	-729	-234	-183	-617
+ Dividends Paid	-97	-134	-155	-168	-175	-183	-190	-213	-224	-237	-248	-255	-266	-277	-287
+ Net Cash From Debt	-87	651	-99	293	-38	69	1,266	-269	-49	99	401	120	-271	-208	- -
+ Cash From Debt	- -	651	- -	300	212	69	1,621	- -	551	99	799	999	- -	- -	- -
+ Repayments of Debt	-87	- -	-99	-7	-250	- -	-356	-269	-600	- -	-398	-879	-271	-208	- -
+ Other Financing Activities	38	39	45	47	42	74	24	73	50	78	95	14	112	142	25
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-226	305	-260	-307	-535	-440	699	-609	-473	-360	-252	-121	-726	-343	-1,162
Effect of Foreign Exchange Rates	-1	4	-9	-19	-23	-3	14	-5	1	5	-2	-6	4	-10	9
Net Changes in Cash	64	88	163	-55	-70	-139	77	42	-162	22	60	36	71	630	-564
EBITDA	570	630	713	732	775	832	858	933	1,017	1,219	1,298	1,228	1,283	1,403	1,325
EBITDA Margin (%)	20.72	21.56	22.31	22.21	22.83	23.81	22.72	22.5	23.33	24.91	25.01	22.84	21.86	22.98	21.36
Free Cash Flow	361	449	432	470	544	606	636	703	791	891	875	706	807	976	1,093
Net Cash Paid for Acquisitions	72	666	- -	216	75	305	1,260	50	475	513	556	547	- -	13	496
Free Cash Flow to Firm	367	458	451	488	564	624	- -	766	849	941	919	777	894	1,050	1,166
Free Cash Flow to Equity	274	1,100	333	763	506	674	1,902	434	742	990	1,276	826	536	768	1,093
Free Cash Flow per Basic Share	1.26	1.6	1.56	1.74	2.08	2.35	2.54	2.86	3.21	3.61	3.57	2.91	3.3	4	4.5
Price/Free Cash Flow	12.97	12.78	16.51	17.74	16.98	16.43	17.69	20.01	18.9	20.2	22.99	18.66	18.67	19.35	15.31
Cash Flow to Net Income	1.41	1.5	1.27	1.31	1.48	1.43	0.92	1.34	1.4	1.26	1.2	2.14	1.36	1.98	1.65
Capital Expenditures	-77	-74	-67	-70	-62	-50	-45	-60	-74	-99	-119	-179	-224	-180	-122