Colgate-Palmolive Company

CLColgate-Palmolive Company US flag

New York Stock Exchange

84.87

USD

-3.40

- -

67.91BMarket Cap

Income Statement (USD)

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	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
Sales/Revenue/Turnover	16,734	17,085	17,420	17,277	16,034	15,195	15,454	15,544	15,693	16,471	17,421	17,967	19,457	20,101	20,382
+ Sales & Services Revenue	16,734	17,085	17,420	17,277	16,034	15,195	15,454	15,544	15,693	16,471	17,421	17,967	19,457	20,101	20,382
- Cost of Revenue	7,144	7,153	7,219	7,168	6,635	6,072	6,174	6,313	6,368	6,454	7,046	7,719	8,131	7,940	8,131
+ Cost of Goods & Services	7,144	7,153	7,219	7,168	6,635	6,072	6,174	6,313	6,368	6,454	7,046	7,719	8,131	7,940	8,131
Gross Profit	9,590	9,932	10,201	10,109	9,399	9,123	9,280	9,231	9,325	10,017	10,375	10,248	11,326	12,161	12,251
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	5,780	5,967	6,250	5,996	5,503	5,165	5,570	5,546	5,708	6,142	6,465	6,631	7,241	7,831	8,018
+ Selling, General & Admin	5,758	5,930	6,223	5,982	5,464	5,143	5,400	5,389	5,575	6,019	6,407	6,565	7,151	7,729	7,903
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	22	37	27	14	39	22	170	157	133	123	58	66	90	102	115
Operating Income (Loss)	3,810	3,965	3,951	4,113	3,896	3,958	3,710	3,685	3,617	3,875	3,910	3,617	4,085	4,330	4,233
- Non-Operating (Income) Loss	21	91	386	580	1,133	220	223	221	316	228	823	957	693	374	1,174
+ Interest Expense, Net	52	15	-9	24	26	99	102	143	145	164	100	153	232	225	192
+ Interest Expense	58	80	116	130	133	149	153	193	192	183	117	167	287	292	267
- Interest Income	6	65	125	106	107	50	51	50	47	19	17	14	55	67	75
+ Other Non-Op (Income) Loss	-31	76	395	556	1,107	121	121	78	171	64	723	804	461	149	982
Pretax Income	3,789	3,874	3,565	3,533	2,763	3,738	3,487	3,464	3,301	3,647	3,087	2,660	3,392	3,956	3,059
- Income Tax Expense (Benefit)	1,235	1,243	1,155	1,194	1,215	1,152	1,313	906	774	787	749	693	937	907	798
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	2,554	2,631	2,410	2,339	1,548	2,586	2,174	2,558	2,527	2,860	2,338	1,967	2,455	3,049	2,261
- Net Extraordinary Losses (Gains)	246	318	338	318	328	290	300	316	320	330	344	364	310	320	258
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	246	318	338	318	328	290	300	316	320	330	344	364	310	320	258
Income (Loss) Incl. MI	2,308	2,313	2,072	2,021	1,220	2,296	1,874	2,242	2,207	2,530	1,994	1,603	2,145	2,729	2,003
- Minority Interest	-123	-159	-169	-159	-164	-145	-150	-158	-160	-165	-172	-182	-155	-160	-129
Net Income, GAAP	2,431	2,472	2,241	2,180	1,384	2,441	2,024	2,400	2,367	2,695	2,166	1,785	2,300	2,889	2,132
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	2,431	2,472	2,241	2,180	1,384	2,441	2,024	2,400	2,367	2,695	2,166	1,785	2,300	2,889	2,132
EBIT	3,810	3,965	3,951	4,113	3,896	3,958	3,710	3,685	3,617	3,875	3,910	3,617	4,085	4,330	4,233
EBITDA	4,231	4,390	4,390	4,555	4,345	4,401	4,185	4,196	4,136	4,414	4,466	4,162	4,652	4,935	4,863
EBITDA Margin (%)	25.28	25.7	25.2	26.36	27.1	28.96	27.08	26.99	26.36	26.8	25.64	23.16	23.91	24.55	23.86
EBITA	3,810	3,965	3,951	4,113	3,896	3,958	3,710	3,685	3,617	3,875	3,910	3,617	4,085	4,330	4,233
Gross Margin (%)	57.31	58.13	58.56	58.51	58.62	60.04	60.05	59.39	59.42	60.82	59.55	57.04	58.21	60.5	60.11
Operating Margin (%)	22.77	23.21	22.68	23.81	24.3	26.05	24.01	23.71	23.05	23.53	22.44	20.13	21	21.54	20.77
Profit Margin (%)	14.53	14.47	12.86	12.62	8.63	16.06	13.1	15.44	15.08	16.36	12.43	9.93	11.82	14.37	10.46
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.23	1.34	1.48	1.58	1.65	1.69	1.73	1.83	1.88	1.93	1.99	2.02	2.11	2.18	2.25
Depreciation Expense	421	425	439	442	449	443	475	511	519	539	556	545	567	605	630
Basic Weighted Avg Shares	977	952	931	915	902	892	882	871	859	857	845	836	827	819	809
Basic EPS, GAAP	2.49	2.6	2.41	2.38	1.53	2.74	2.3	2.76	2.76	3.15	2.56	2.13	2.78	3.53	2.64
Basic EPS from Cont Ops	2.62	2.76	2.59	2.56	1.72	2.9	2.47	2.94	2.94	3.34	2.77	2.35	2.97	3.72	2.8
Diluted Weighted Avg Shares	984	960	940	924	910	898	888	873	861	859	848	839	829	823	811
Diluted EPS, GAAP	2.47	2.57	2.38	2.36	1.52	2.72	2.28	2.75	2.75	3.14	2.55	2.13	2.77	3.51	2.63
Diluted EPS from Cont Ops	2.6	2.74	2.56	2.53	1.7	2.88	2.45	2.93	2.93	3.33	2.76	2.35	2.96	3.7	2.79

Balance Sheet (USD)

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	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
Total Current Assets	4,402	4,556	4,931	4,863	4,384	4,338	4,639	3,793	4,179	4,338	4,397	5,113	5,279	5,317	5,709
+ Cash, Cash Equivalents & STI	878	884	962	1,089	970	1,315	1,535	726	883	888	832	775	966	1,096	1,288
+ Cash & Cash Equivalents	878	884	962	1,089	970	1,315	1,535	726	883	888	832	775	966	1,096	1,288
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1,675	1,668	1,636	1,552	1,427	1,411	1,480	1,400	1,440	1,264	1,297	1,504	1,586	1,521	1,675
+ Accounts Receivable, Net	1,675	1,668	1,636	1,552	1,427	1,411	1,480	1,400	1,440	1,264	1,297	1,504	1,586	1,521	1,675
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	1,327	1,365	1,425	1,382	1,180	1,171	1,221	1,250	1,400	1,673	1,692	2,074	1,934	1,987	2,032
+ Raw Materials	319	362	340	349	261	266	267	253	- -	454	505	666	606	631	632
+ Work In Process	54	81	60	55	45	42	42	37	- -	45	39	48	46	46	46
+ Finished Goods	954	922	1,025	978	874	863	912	960	- -	1,256	1,248	1,508	1,411	1,431	1,479
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	-82	-100	-148	-129	-121	-125
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	1,400	- -	- -	- -	- -	- -	- -
+ Other ST Assets	522	639	908	840	807	441	403	417	456	513	576	760	793	713	714
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	8,322	8,838	9,054	8,596	7,551	7,785	8,037	8,368	10,855	11,582	10,643	10,618	11,114	10,729	10,621
+ Property, Plant & Equip, Net	3,668	3,842	4,083	4,080	3,796	3,840	4,072	3,881	3,750	3,716	3,730	4,307	4,582	4,422	4,660
+ Property, Plant & Equip	7,324	7,821	8,330	8,385	8,059	7,942	8,460	8,336	8,580	8,751	8,899	9,583	10,286	10,127	10,856
- Accumulated Depreciation	3,656	3,979	4,247	4,305	4,263	4,102	4,388	4,455	4,830	5,035	5,169	5,276	5,704	5,705	6,196
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	4,654	4,996	4,971	4,516	3,755	3,945	3,965	4,487	7,105	7,866	6,913	6,311	6,532	6,307	5,961
+ Total Intangible Assets	3,998	3,999	3,970	3,720	3,449	3,420	3,559	4,167	6,175	6,718	5,746	5,272	5,297	5,028	4,658
+ Goodwill	2,494	2,500	2,474	2,307	2,103	2,107	2,218	2,530	3,508	3,824	3,284	3,352	3,410	3,272	3,122
+ Other Intangible Assets	1,504	1,499	1,496	1,413	1,346	1,313	1,341	1,637	2,667	2,894	2,462	1,920	1,887	1,756	1,536
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	656	997	1,001	796	306	525	406	320	930	1,148	1,167	1,039	1,235	1,279	1,303
Total Assets	12,724	13,394	13,985	13,459	11,935	12,123	12,676	12,161	15,034	15,920	15,040	15,731	16,393	16,046	16,330
+ Payables & Accruals	3,246	3,336	3,566	3,348	3,153	3,208	3,296	3,236	3,309	3,818	3,770	3,774	4,194	4,876	5,500
+ Accounts Payable	1,244	1,290	1,343	1,231	1,110	1,124	1,212	1,222	1,237	1,393	1,479	1,551	1,698	1,805	2,089
+ Accrued Taxes	427	302	370	416	398	553	477	538	474	519	554	450	503	565	637
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1,575	1,744	1,853	1,701	1,645	1,531	1,607	1,476	1,598	1,906	1,737	1,773	1,993	2,506	2,774
+ ST Debt	380	304	908	504	302	13	11	12	659	404	188	133	425	767	1,235
+ ST Borrowings	380	304	908	504	302	13	11	12	514	267	51	25	330	660	1,117
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	145	137	137	108	95	107	118
+ Other ST Liabilities	90	96	105	94	79	84	101	93	70	182	93	97	122	116	118
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	90	96	105	94	79	84	101	93	70	182	93	97	122	116	118
Total Current Liabilities	3,716	3,736	4,579	3,946	3,534	3,305	3,408	3,341	4,038	4,404	4,051	4,004	4,741	5,759	6,853
+ LT Debt	4,430	4,926	4,749	5,644	6,246	6,520	6,566	6,354	7,824	7,810	7,645	9,138	8,639	7,745	7,319
+ LT Borrowings	4,430	4,926	4,749	5,644	6,246	6,520	6,566	6,354	7,333	7,334	7,194	8,741	8,219	7,289	6,871
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	491	476	451	397	420	456	448
+ Other LT Liabilities	2,037	2,342	2,121	2,484	2,199	2,281	2,459	2,269	2,614	2,605	2,373	1,783	2,056	1,998	1,793
+ Accrued Liabilities	252	293	444	261	233	246	204	235	507	426	395	383	361	343	181
+ Pension Liabilities	1,582	1,786	1,387	1,886	1,650	1,794	1,724	1,600	1,728	1,815	1,722	1,129	1,390	1,306	1,241
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	203	263	290	337	316	241	531	434	379	364	256	271	305	349	371
Total Noncurrent Liabilities	6,467	7,268	6,870	8,128	8,445	8,801	9,025	8,623	10,438	10,415	10,018	10,921	10,695	9,743	9,112
Total Liabilities	10,183	11,004	11,449	12,074	11,979	12,106	12,433	11,964	14,476	14,819	14,069	14,925	15,436	15,502	15,965
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	2,069	2,284	2,470	2,702	2,904	3,157	3,450	3,670	3,954	4,435	4,735	5,012	5,274	5,647	5,788
+ Common Stock	733	1,466	1,466	1,466	1,466	1,466	1,466	1,466	1,466	1,466	1,466	1,466	1,466	1,466	1,466
+ Additional Paid in Capital	1,336	818	1,004	1,236	1,438	1,691	1,984	2,204	2,488	2,969	3,269	3,546	3,808	4,181	4,322
- Treasury Stock	12,808	14,386	15,633	16,862	18,102	19,135	20,181	21,196	22,063	23,045	24,089	25,128	26,017	27,358	28,450
+ Retained Earnings	15,649	16,953	17,952	18,832	18,861	19,922	20,531	21,615	22,501	23,699	24,350	24,573	25,289	26,145	26,595
+ Other Equity	-2,475	-2,621	-2,451	-3,507	-3,950	-4,180	-3,855	-4,188	-4,273	-4,345	-4,386	-4,055	-3,937	-4,222	-3,879
Equity Before Minority Interest	2,375	2,189	2,305	1,145	-299	-243	-60	-102	117	743	609	401	609	212	54
+ Minority/Non Controlling Interest	166	201	231	240	255	260	303	299	441	358	362	405	348	332	311
Total Equity	2,541	2,390	2,536	1,385	-44	17	243	197	558	1,101	971	806	957	544	365
Total Liabilities & Equity	12,724	13,394	13,985	13,459	11,935	12,123	12,676	12,161	15,034	15,920	15,040	15,731	16,393	16,046	16,330
Shares Outstanding	960	936	920	907	893	883	875	863	855	850	840	830	821	813	801
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	636	613	588	505	515	563	566
Net Debt	3,932	4,346	4,695	5,059	5,578	5,218	5,042	5,640	6,964	6,713	6,413	7,991	7,583	6,853	6,700
Net Debt to Equity	154.74	181.84	185.13	365.27	-12,677.27	30,694.12	2,074.9	2,862.94	1,248.03	609.72	660.45	991.44	792.37	1,259.74	1,835.62
Tangible Common Equity Ratio	-16.7	-17.13	-14.32	-23.98	-41.16	-39.1	-36.37	-49.66	-63.4	-61.04	-51.38	-42.7	-39.11	-40.7	-36.78
Current Ratio	1.18	1.22	1.08	1.23	1.24	1.31	1.36	1.14	1.03	0.99	1.09	1.28	1.11	0.92	0.83
Cash Conversion Cycle	40.29	40.08	39.13	39.21	37.96	37.5	36.35	35.21	40.12	45.51	39.8	49.23	44.74	38.35	31.9

Cash Flow Statement (USD)

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	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
+ Net Income	2,554	2,631	2,410	2,339	1,548	2,586	2,174	2,558	2,527	2,860	2,338	1,967	2,455	3,049	2,261
+ Depreciation & Amortization	421	425	439	442	449	443	475	511	519	539	556	545	567	605	630
+ Non-Cash Items	-72	117	452	604	1,074	20	520	142	22	-61	628	770	268	109	1,023
+ Stock-Based Compensation	122	120	128	131	125	123	127	109	100	107	135	125	122	135	155
+ Deferred Income Taxes	88	63	71	18	-51	56	383	107	17	-120	-132	-78	-98	-77	-109
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	571	721	- -	- -	919
+ Other Non-Cash Adj	-282	-66	253	455	1,000	-159	10	-74	-95	-48	54	2	244	51	58
+ Chg in Non-Cash Work Cap	-7	23	-97	-87	-122	92	-115	-155	65	381	-197	-726	455	344	284
+ (Inc) Dec in Accts Receiv	-130	19	-37	-109	-75	-17	-15	-79	19	138	-84	-227	-37	-56	-16
+ (Inc) Dec in Inventories	-130	-21	-97	-60	-13	-4	-8	-58	-77	-251	-72	-333	194	-100	109
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	199	-5	24	57	-67	100	-96	18	36	520	14	-115	309	516	251
+ Inc (Dec) in Other	54	30	13	25	33	13	4	-36	87	-26	-55	-51	-11	-16	-60
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2,896	3,196	3,204	3,298	2,949	3,141	3,054	3,056	3,133	3,719	3,325	2,556	3,745	4,107	4,198
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	263	72	15	24	9	60	44	1	1	- -	- -	47	- -	- -	- -
+ Disp of Fixed Prod Assets	263	72	15	24	9	60	44	1	1	- -	- -	47	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-1,806	-1,943	-1,521	-1,530	-1,551	-1,335	-1,399	-1,238	-1,202	-1,476	-1,320	-1,308	-1,128	-1,739	-1,210
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-1,806	-1,943	-1,521	-1,530	-1,551	-1,335	-1,399	-1,238	-1,202	-1,476	-1,320	-1,308	-1,128	-1,739	-1,210
+ Net Change in LT Investment	67	-398	-238	-57	-143	42	44	-13	-53	-19	- -	-148	-4	-10	54
+ Dec in LT Investment	423	147	267	283	599	378	391	156	131	124	141	322	502	564	752
+ Inc in LT Investment	-356	-545	-505	-340	-742	-336	-347	-169	-184	-143	-141	-470	-506	-574	-698
+ Net Cash From Acq & Div	-966	-29	-3	-87	208	-5	- -	-728	-1,711	-353	- -	-809	- -	- -	-293
+ Cash from Divestitures	- -	- -	- -	- -	221	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-966	-29	-3	-87	-13	-5	- -	-728	-1,711	-353	- -	-809	- -	- -	-293
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-577	-510	-664	-739	-759	-596	-559	-430	-336	-407	-592	-691	-738	-524	-578
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1,213	-865	-890	-859	-685	-499	-471	-1,170	-2,099	-779	-592	-1,601	-742	-534	-817
+ Dividends Paid	-1,203	-1,277	-1,382	-1,446	-1,493	-1,508	-1,529	-1,591	-1,614	-1,654	-1,679	-1,691	-1,749	-1,789	-1,823
+ Net Cash From Debt	1,414	441	422	435	421	164	-29	-725	1,137	-1,085	-4	1,107	592	-501	533
+ Cash From Debt	5,843	5,452	7,976	8,960	9,602	7,438	4,779	- -	2,578	- -	699	1,513	1,495	2	1,188
+ Repayments of Debt	-4,429	-5,011	-7,554	-8,525	-9,181	-7,274	-4,808	-725	-1,441	-1,085	-703	-406	-903	-503	-655
+ Other Financing Activities	353	478	339	371	347	446	507	875	809	1,296	229	940	-508	640	-756
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1,242	-2,301	-2,142	-2,170	-2,276	-2,233	-2,450	-2,679	-870	-2,919	-2,774	-952	-2,793	-3,389	-3,256
Effect of Foreign Exchange Rates	-53	-24	-94	-142	-107	-64	87	-16	-7	-16	-15	-60	-19	-54	67
Net Changes in Cash	441	30	172	269	-12	409	133	-793	164	21	-41	3	210	184	125
EBITDA	4,231	4,390	4,390	4,555	4,345	4,401	4,185	4,196	4,136	4,414	4,466	4,162	4,652	4,935	4,863
EBITDA Margin (%)	25.28	25.7	25.2	26.36	27.1	28.96	27.08	26.99	26.36	26.8	25.64	23.16	23.91	24.55	23.86
Free Cash Flow	2,896	3,196	3,204	3,298	2,949	3,141	3,054	3,056	3,133	3,719	3,325	2,556	3,745	4,107	4,198
Net Cash Paid for Acquisitions	966	29	3	87	-208	5	- -	728	1,711	353	- -	809	- -	- -	293
Free Cash Flow to Firm	2,935	3,250	3,282	3,384	3,024	3,244	3,149	3,199	3,280	3,863	3,414	2,679	3,953	4,332	4,395
Free Cash Flow to Equity	4,573	3,709	3,641	3,757	3,379	3,365	3,069	2,332	4,271	2,634	3,321	3,710	4,337	3,606	4,731
Free Cash Flow per Basic Share	2.97	3.36	3.44	3.6	3.27	3.52	3.46	3.51	3.65	4.34	3.93	3.06	4.53	5.01	5.19
Price/Free Cash Flow	15.7	15.7	19.13	19.39	20.55	18.72	21.93	17	18.92	19.76	21.77	25.86	17.65	18.22	15.27
Cash Flow to Net Income	1.19	1.29	1.43	1.51	2.13	1.29	1.51	1.27	1.32	1.38	1.54	1.43	1.63	1.42	1.97
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -