GWW

GWW

W.W. Grainger, Inc.

$1,272.47

-$11.72 (-0.91%)

Mkt Cap: $60.08B

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W.W. Grainger, Inc. (GWW) Financial Statements

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Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$18.38B	$17.94B ↑4.5%	$17.17B ↑4.2%	$16.48B ↑8.2%	$15.23B ↑16.9%	$13.02B
Cost of Revenue	$11.18B	$10.93B ↑4.3%	$10.48B ↑5.0%	$9.98B ↑6.4%	$9.38B ↑13.0%	$8.30B
Gross Profit	$7.20B	$7.01B ↑4.8%	$6.69B ↑3.0%	$6.50B ↑11.1%	$5.85B ↑23.9%	$4.72B
R&D Expenses	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
SG&A Expenses	$4.58B	$4.32B ↑7.5%	$4.02B ↑2.2%	$3.93B ↑8.2%	$3.63B ↑14.5%	$3.17B
Operating Income	$2.62B	$2.69B ↑2.0%	$2.64B ↑2.8%	$2.56B ↑15.8%	$2.21B ↑43.2%	$1.55B
Interest Expense	$81.00M	$81.00M ↑5.2%	$77.00M ↓17.2%	$93.00M -	$93.00M ↑6.9%	$87.00M
Income Tax	$659.00M	$622.00M ↑4.5%	$595.00M ↓0.3%	$597.00M ↑12.0%	$533.00M ↑43.7%	$371.00M
Net Income	$1.78B	$1.71B ↓10.6%	$1.91B ↑4.4%	$1.83B ↑18.2%	$1.55B ↑48.3%	$1.04B
EBITDA	$2.82B	$2.77B ↓4.6%	$2.90B ↑3.2%	$2.81B ↑16.8%	$2.40B ↑38.3%	$1.74B
EPS	37.20	35.40 ↓8.6%	38.71 ↑6.0%	36.51 ↑20.6%	30.27 ↑51.5%	19.98
Shares Out (Diluted)	191.30M	48.00M ↓2.0%	49.00M ↓2.2%	50.10M ↓2.0%	51.10M ↓2.1%	52.20M

Metric	TTM	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Revenue	$18.38B	$4.74B ↑10.1%	$4.42B ↑4.5%	$4.66B ↑6.1%	$4.55B ↑5.6%	$4.31B ↑1.7%	$4.23B ↑5.9%	$4.39B ↑4.3%	$4.31B ↑3.1%	$4.24B ↑3.5%	$4.00B ↑5.1%	$4.21B ↑6.7%	$4.18B ↑9.0%	$4.09B ↑12.2%	$3.80B ↑13.2%	$3.94B ↑16.9%	$3.84B ↑19.6%	$3.65B ↑18.3%	$3.36B	$3.37B	$3.21B	$3.08B
Cost of Revenue	$11.18B	$2.85B ↑9.6%	$2.68B ↑4.8%	$2.86B ↑7.2%	$2.80B ↑6.9%	$2.60B ↑1.1%	$2.56B ↑5.1%	$2.67B ↑4.5%	$2.62B ↑3.2%	$2.57B ↑4.5%	$2.43B ↑6.0%	$2.55B ↑5.4%	$2.54B ↑5.9%	$2.46B ↑8.5%	$2.30B ↑9.0%	$2.42B ↑14.2%	$2.40B ↑15.0%	$2.26B ↑13.7%	$2.11B	$2.12B	$2.08B	$1.99B
Gross Profit	$7.20B	$1.90B ↑10.9%	$1.75B ↑4.2%	$1.80B ↑4.5%	$1.75B ↑3.6%	$1.71B ↑2.5%	$1.68B ↑7.2%	$1.72B ↑3.9%	$1.69B ↑3.0%	$1.67B ↑2.1%	$1.56B ↑3.8%	$1.66B ↑9.0%	$1.64B ↑14.1%	$1.63B ↑18.1%	$1.51B ↑20.2%	$1.52B ↑21.5%	$1.44B ↑28.2%	$1.38B ↑26.5%	$1.25B	$1.25B	$1.12B	$1.09B
R&D Expenses	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
SG&A Expenses	$4.58B	$1.10B ↑6.3%	$1.11B ↑6.6%	$1.29B ↑24.5%	$1.08B ↑3.1%	$1.04B ↑3.9%	$1.04B ↑3.7%	$1.03B ↑4.7%	$1.04B ↑6.3%	$999.00M ↑4.7%	$1.01B ↑4.6%	$988.00M ↑7.9%	$983.00M ↑8.4%	$954.00M ↑12.4%	$962.00M ↑15.1%	$916.00M ↑12.8%	$907.00M ↑14.8%	$849.00M ↑15.5%	$836.00M	$812.00M	$790.00M	$735.00M
Operating Income	$2.62B	$793.00M ↑18.0%	$634.00M ↑0.2%	$511.00M ↓25.5%	$678.00M ↑4.5%	$672.00M ↑0.4%	$633.00M ↑13.6%	$686.00M ↑2.8%	$649.00M ↓1.8%	$669.00M ↓1.6%	$557.00M ↑2.4%	$667.00M ↑10.6%	$661.00M ↑23.8%	$680.00M ↑27.3%	$544.00M ↑30.5%	$603.00M ↑37.7%	$534.00M ↑59.9%	$534.00M ↑49.2%	$417.00M	$438.00M	$334.00M	$358.00M
Interest Expense	$81.00M	$21.00M -	$20.00M ↑17.6%	$20.00M ↑5.3%	$20.00M -	$21.00M -	$17.00M ↓26.1%	$19.00M ↓13.6%	$20.00M ↓16.7%	$21.00M ↓12.5%	$23.00M -	$22.00M ↓12.0%	$24.00M ↑9.1%	$24.00M ↑4.3%	$23.00M ↑4.5%	$25.00M ↑13.6%	$22.00M -	$23.00M ↑9.5%	$22.00M	$22.00M	$22.00M	$21.00M
Income Tax	$659.00M	$194.00M ↑23.6%	$141.00M ↑12.8%	$171.00M ↑3.0%	$153.00M ↑4.8%	$157.00M ↓0.6%	$125.00M ↓3.1%	$166.00M ↑4.4%	$146.00M ↓5.8%	$158.00M ↑2.6%	$129.00M ↑0.8%	$159.00M ↑9.7%	$155.00M ↑21.1%	$154.00M ↑16.7%	$128.00M ↑28.0%	$145.00M ↑35.5%	$128.00M ↑68.4%	$132.00M ↑50.0%	$100.00M	$107.00M	$76.00M	$88.00M
Net Income	$1.78B	$555.00M ↑15.9%	$451.00M ↓5.1%	$294.00M ↓39.5%	$482.00M ↑2.6%	$479.00M ↑0.2%	$475.00M ↑20.3%	$486.00M ↑2.1%	$470.00M -	$478.00M ↓2.0%	$395.00M ↑2.9%	$476.00M ↑11.7%	$470.00M ↑26.7%	$488.00M ↑33.3%	$384.00M ↑35.7%	$426.00M ↑43.4%	$371.00M ↑64.9%	$366.00M ↑53.8%	$283.00M	$297.00M	$225.00M	$238.00M
EBITDA	$2.82B	$793.00M ↑7.3%	$704.00M ↑0.4%	$577.00M ↓23.0%	$745.00M ↑4.1%	$739.00M ↑1.0%	$701.00M ↑12.9%	$749.00M ↑2.6%	$716.00M ↓1.1%	$732.00M ↓0.7%	$621.00M ↑2.3%	$730.00M ↑9.9%	$724.00M ↑21.9%	$737.00M ↑24.5%	$607.00M ↑28.9%	$664.00M ↑35.8%	$594.00M ↑52.3%	$592.00M ↑45.5%	$471.00M	$489.00M	$390.00M	$407.00M
EPS	37.20	11.65 ↑18.2%	9.44 ↓2.8%	6.09 ↓38.7%	10.02 ↑4.9%	9.86 ↑1.9%	9.71 ↑22.1%	9.94 ↑4.6%	9.55 ↑2.2%	9.68 ↑0.2%	7.95 ↑5.6%	9.50 ↑13.9%	9.34 ↑29.9%	9.66 ↑35.7%	7.53 ↑38.4%	8.34 ↑47.6%	7.19 ↑68.4%	7.12 ↑58.9%	5.44	5.65	4.27	4.48
Shares Out (Diluted)	191.30M	47.40M ↓1.9%	47.60M ↓2.3%	48.10M ↓1.6%	48.20M ↓2.0%	48.30M ↓2.2%	48.70M ↓2.0%	48.90M ↓2.4%	49.20M ↓2.2%	49.40M ↓2.2%	49.70M ↓2.0%	50.10M ↓2.0%	50.30M ↓1.9%	50.50M ↓1.8%	50.70M ↓1.9%	51.10M ↓1.9%	51.30M ↓2.3%	51.40M ↓2.3%	51.70M	52.10M	52.50M	52.60M

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Cash & Equiv.	$695.00M	$585.00M ↓43.5%	$1.04B ↑57.0%	$660.00M ↑103.1%	$325.00M ↑34.9%	$241.00M
Accounts Receivable	$0.00	$2.33B ↑4.3%	$2.23B ↑1.8%	$2.19B ↑2.8%	$2.13B ↑21.6%	$1.75B
Inventory	$2.38B	$2.39B ↑3.8%	$2.31B ↑1.8%	$2.27B ↑0.6%	$2.25B ↑20.5%	$1.87B
Current Assets	$5.91B	$5.48B ↓4.4%	$5.74B ↑8.8%	$5.27B ↑6.0%	$4.98B ↑24.1%	$4.01B
Goodwill & Intangibles	$626.00M	$625.00M ↑4.5%	$598.00M ↓1.0%	$604.00M ↑0.2%	$603.00M ↓3.1%	$622.00M
Total Assets	$9.47B	$8.96B ↑1.5%	$8.83B ↑8.4%	$8.15B ↑7.4%	$7.59B ↑15.1%	$6.59B
Accounts Payable	$1.22B	$963.00M ↑1.2%	$952.00M ↓0.2%	$954.00M ↓8.9%	$1.05B ↑28.3%	$816.00M
Short-term Debt	$71.00M	$199.00M ↓60.1%	$499.00M	$34.00M ↓2.9%	$35.00M	$0.00
Current Liabilities	$2.20B	$1.94B ↓15.8%	$2.31B ↑25.9%	$1.83B ↓8.9%	$2.01B ↑31.5%	$1.53B
Long-term Debt	$2.71B	$2.66B ↑16.8%	$2.28B ↑0.6%	$2.27B ↓0.8%	$2.28B ↓3.3%	$2.36B
Total Debt	$2.78B	$3.16B ↓0.6%	$3.18B ↑15.7%	$2.75B ↑1.7%	$2.71B ↓2.1%	$2.76B
Total Liabilities	$5.54B	$4.82B ↓6.0%	$5.13B ↑8.9%	$4.71B ↓3.0%	$4.85B ↑9.5%	$4.43B
Retained Earnings	$15.40B	$0.00 ↓100.0%	$13.68B ↑12.5%	$12.16B ↑13.7%	$10.70B ↑12.6%	$9.50B
Total Equity	$3.93B	$4.14B ↑23.3%	$3.36B ↑7.8%	$3.12B ↑27.7%	$2.44B ↑30.2%	$1.87B

Metric	TTM	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Cash & Equiv.	$695.00M	$695.00M ↑4.4%	$585.00M ↓43.5%	$535.00M ↓63.1%	$597.00M ↓22.4%	$666.00M ↓17.2%	$1.04B ↑57.0%	$1.45B ↑140.9%	$769.00M ↑49.3%	$804.00M ↑74.4%	$660.00M ↑103.1%	$601.00M ↑90.8%	$515.00M ↑96.6%	$461.00M ↑26.6%	$325.00M ↑34.9%	$315.00M ↓4.0%	$262.00M ↓52.1%	$364.00M ↓35.2%	$241.00M	$328.00M	$547.00M	$562.00M
Accounts Receivable	$0.00	$0.00 ↓100.0%	$2.33B ↑4.3%	$2.41B ↑2.6%	$2.47B ↑5.5%	$2.37B ↑1.7%	$2.23B ↑1.8%	$2.35B ↓4.0%	$2.34B ↓3.1%	$2.33B ↑1.6%	$2.19B ↑2.8%	$2.44B ↑13.3%	$2.42B ↑15.2%	$2.29B ↑14.6%	$2.13B ↑21.6%	$2.16B ↑23.9%	$2.10B ↑28.5%	$2.00B ↑27.0%	$1.75B	$1.74B	$1.63B	$1.58B
Inventory	$2.38B	$2.38B ↑3.3%	$2.39B ↑3.8%	$2.27B ↑4.8%	$2.36B ↑8.7%	$2.31B ↑6.0%	$2.31B ↑1.8%	$2.17B ↓1.2%	$2.17B ↓2.4%	$2.18B ↓3.3%	$2.27B ↑0.6%	$2.20B ↑6.0%	$2.22B ↑11.7%	$2.25B ↑16.7%	$2.25B ↑20.5%	$2.07B ↑16.0%	$1.99B ↑16.6%	$1.93B ↑15.2%	$1.87B	$1.79B	$1.71B	$1.68B
Current Assets	$5.91B	$5.91B ↑6.8%	$5.48B ↓4.4%	$5.47B ↓11.5%	$5.65B ↑2.3%	$5.53B ↓0.2%	$5.74B ↑8.8%	$6.18B ↑14.2%	$5.52B ↑3.3%	$5.54B ↑6.7%	$5.27B ↑6.0%	$5.41B ↑15.5%	$5.34B ↑18.4%	$5.19B ↑16.9%	$4.98B ↑24.1%	$4.69B ↑17.0%	$4.51B ↑11.2%	$4.44B ↑12.8%	$4.01B	$4.00B	$4.06B	$3.93B
Goodwill & Intangibles	$626.00M	$626.00M ↑3.5%	$625.00M ↑4.5%	$625.00M ↑2.0%	$632.00M ↑5.9%	$605.00M ↑0.8%	$598.00M ↓1.0%	$613.00M ↑1.8%	$597.00M ↓1.3%	$600.00M ↓0.7%	$604.00M ↑0.2%	$602.00M ↑2.9%	$605.00M ↑0.7%	$604.00M ↓1.5%	$603.00M ↓3.1%	$585.00M ↓5.6%	$601.00M ↓3.4%	$613.00M ↑0.2%	$622.00M	$620.00M	$622.00M	$612.00M
Total Assets	$9.47B	$9.47B ↑9.4%	$8.96B ↑1.5%	$8.85B ↓2.9%	$8.94B ↑7.0%	$8.66B ↑3.1%	$8.83B ↑8.4%	$9.11B ↑12.0%	$8.35B ↑4.0%	$8.40B ↑7.3%	$8.15B ↑7.4%	$8.14B ↑13.0%	$8.03B ↑13.9%	$7.83B ↑11.9%	$7.59B ↑15.1%	$7.20B ↑12.7%	$7.05B ↑9.1%	$6.99B ↑10.4%	$6.59B	$6.39B	$6.46B	$6.33B
Accounts Payable	$1.22B	$1.22B ↑9.5%	$963.00M ↑1.2%	$1.12B ↑7.4%	$1.20B ↑8.9%	$1.11B ↓1.7%	$952.00M ↓0.2%	$1.05B ↓2.0%	$1.11B ↓4.5%	$1.13B ↑5.5%	$954.00M ↓8.9%	$1.07B ↑2.8%	$1.16B ↑9.9%	$1.07B ↑3.5%	$1.05B ↑28.3%	$1.04B ↑11.3%	$1.05B ↑10.5%	$1.04B ↑17.0%	$816.00M	$933.00M	$954.00M	$887.00M
Short-term Debt	$71.00M	$71.00M	$199.00M ↓60.1%	$2.00M ↓99.6%	$2.00M ↓99.6%	$3.00M ↓99.4%	$499.00M	$497.00M	$505.00M	$501.00M	$34.00M ↓2.9%	$34.00M ↑112.5%	$33.00M ↑94.1%	$37.00M	$35.00M	$16.00M	$17.00M	$0.00 ↓100.0%	$0.00	$0.00	$0.00	$7.00M
Current Liabilities	$2.20B	$2.20B ↑9.0%	$1.94B ↓15.8%	$2.02B ↓15.4%	$2.00B ↓16.5%	$2.02B ↓20.2%	$2.31B ↑25.9%	$2.38B ↑25.6%	$2.40B ↑24.8%	$2.53B ↑31.4%	$1.83B ↓8.9%	$1.90B ↑6.3%	$1.92B ↑9.7%	$1.92B ↑10.4%	$2.01B ↑31.5%	$1.78B ↑15.2%	$1.75B ↑10.1%	$1.74B ↑13.8%	$1.53B	$1.55B	$1.59B	$1.53B
Long-term Debt	$2.71B	$2.71B ↑18.9%	$2.66B ↑16.8%	$2.37B ↑3.9%	$2.34B ↑31.3%	$2.28B ↑27.8%	$2.28B ↑0.6%	$2.28B ↑0.8%	$1.78B ↓21.6%	$1.78B ↓21.7%	$2.27B ↓0.8%	$2.26B ↓1.5%	$2.27B ↓1.5%	$2.28B ↓2.6%	$2.28B ↓3.3%	$2.29B ↓3.3%	$2.31B ↓2.8%	$2.34B ↓1.5%	$2.36B	$2.37B	$2.38B	$2.37B
Total Debt	$2.78B	$2.78B ↑3.7%	$3.16B ↓0.6%	$2.72B ↓15.2%	$2.73B ↑0.6%	$2.68B ↓1.3%	$3.18B ↑15.7%	$3.21B ↑17.6%	$2.71B ↓1.6%	$2.71B ↓0.2%	$2.75B ↑1.7%	$2.73B ↑1.7%	$2.76B ↑3.0%	$2.72B ↑0.4%	$2.71B ↓2.1%	$2.68B ↑13.1%	$2.68B ↑12.7%	$2.71B ↑13.8%	$2.76B	$2.37B	$2.38B	$2.38B
Total Liabilities	$5.54B	$5.54B ↑15.2%	$4.82B ↓6.0%	$4.89B ↓7.1%	$4.85B ↑1.9%	$4.81B ↓1.6%	$5.13B ↑8.9%	$5.26B ↑10.5%	$4.76B ↓0.8%	$4.89B ↑2.3%	$4.71B ↓3.0%	$4.76B ↑2.6%	$4.80B ↑4.8%	$4.78B ↑3.4%	$4.85B ↑9.5%	$4.64B ↑8.6%	$4.58B ↑6.1%	$4.62B ↑8.7%	$4.43B	$4.27B	$4.32B	$4.25B
Retained Earnings	$15.40B	$15.40B ↑9.6%	$0.00 ↓100.0%	$14.62B ↑9.9%	$14.43B ↑11.7%	$14.06B ↑12.0%	$13.68B ↑12.5%	$13.30B ↑12.2%	$12.92B ↑12.5%	$12.55B ↑13.0%	$12.16B ↑13.7%	$11.86B ↑14.0%	$11.48B ↑14.0%	$11.10B ↑13.5%	$10.70B ↑12.6%	$10.40B ↑11.8%	$10.07B ↑10.7%	$9.78B ↑9.3%	$9.50B	$9.30B	$9.09B	$8.95B
Total Equity	$3.93B	$3.93B ↑12.9%	$4.14B ↑23.3%	$3.56B ↑1.7%	$3.67B ↑12.1%	$3.48B ↑8.8%	$3.36B ↑7.8%	$3.50B ↑13.4%	$3.28B ↑11.7%	$3.20B ↑17.0%	$3.12B ↑27.7%	$3.09B ↑33.9%	$2.94B ↑33.3%	$2.73B ↑31.4%	$2.44B ↑30.2%	$2.31B ↑26.3%	$2.20B ↑17.8%	$2.08B ↑14.6%	$1.87B	$1.83B	$1.87B	$1.82B

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Income	$1.76B	$1.81B ↓9.1%	$1.99B ↑4.5%	$1.90B ↑18.0%	$1.61B ↑44.8%	$1.11B
D&A	$255.00M	$254.00M ↑7.2%	$237.00M ↑10.7%	$214.00M ↑4.4%	$205.00M ↑9.6%	$187.00M
Stock-Based Comp	$66.00M	$64.00M ↑3.2%	$62.00M -	$62.00M ↑29.2%	$48.00M ↑14.3%	$42.00M
Working Capital Δ	-$478.00M	-$428.00M ↓55.1%	-$276.00M ↓8.2%	-$255.00M ↑58.6%	-$616.00M ↓24.4%	-$495.00M
Operating Cash Flow	$2.11B	$2.02B ↓4.5%	$2.11B ↑3.9%	$2.03B ↑52.4%	$1.33B ↑42.3%	$937.00M
Capital Expenditure	-$729.00M	-$684.00M ↓26.4%	-$541.00M ↓21.6%	-$445.00M ↓73.8%	-$256.00M ↓0.4%	-$255.00M
Free Cash Flow	$1.38B	$1.33B ↓15.2%	$1.57B ↓1.0%	$1.59B ↑47.3%	$1.08B ↑57.9%	$682.00M
Dividends Paid	-$352.00M	-$467.00M ↓10.9%	-$421.00M ↓7.4%	-$392.00M ↓5.9%	-$370.00M ↓3.6%	-$357.00M
Share Buybacks	-$1.00B	-$1.04B ↑13.0%	-$1.20B ↓41.3%	-$850.00M ↓41.0%	-$603.00M ↑13.2%	-$695.00M

Metric	TTM	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Net Income	$1.76B	$581.00M ↑16.2%	$479.00M ↓3.6%	$196.00M ↓61.2%	$508.00M ↑3.7%	$500.00M ↑0.6%	$497.00M ↑20.6%	$505.00M ↑2.4%	$490.00M -	$497.00M ↓2.2%	$412.00M ↑3.8%	$493.00M ↑11.5%	$490.00M ↑26.0%	$508.00M ↑31.9%	$397.00M ↑31.9%	$442.00M ↑40.3%	$389.00M ↑60.1%	$385.00M ↑51.0%	$301.00M	$315.00M	$243.00M	$255.00M
D&A	$255.00M	$62.00M ↑1.6%	$64.00M ↑3.2%	$65.00M ↑10.2%	$64.00M ↑6.7%	$61.00M ↑8.9%	$62.00M ↑19.2%	$59.00M ↑7.3%	$60.00M ↑15.4%	$56.00M ↑12.0%	$52.00M ↓10.3%	$55.00M ↑5.8%	$52.00M ↓5.5%	$50.00M ↓3.8%	$58.00M ↑20.8%	$52.00M ↑15.6%	$55.00M ↑12.2%	$52.00M ↑20.9%	$48.00M	$45.00M	$49.00M	$43.00M
Stock-Based Comp	$66.00M	$14.00M ↑16.7%	$15.00M ↑7.1%	$14.00M -	$23.00M -	$12.00M ↑9.1%	$14.00M ↑7.7%	$14.00M ↓22.2%	$23.00M ↑21.1%	$11.00M ↓8.3%	$13.00M ↑30.0%	$18.00M ↑63.6%	$19.00M ↑5.6%	$12.00M ↑33.3%	$10.00M ↑11.1%	$11.00M ↑37.5%	$18.00M ↑5.9%	$9.00M ↑12.5%	$9.00M	$8.00M	$17.00M	$8.00M
Working Capital Δ	-$478.00M	$0.00 ↓100.0%	-$165.00M ↓17.0%	-$63.00M	-$250.00M ↓22.0%	$50.00M ↓30.6%	-$141.00M ↓376.5%	-$2.00M ↑97.0%	-$205.00M ↓42.4%	$72.00M ↑149.0%	$51.00M ↑156.0%	-$66.00M ↑50.7%	-$144.00M ↑36.3%	-$147.00M ↓28.9%	-$91.00M ↑50.0%	-$134.00M ↑37.1%	-$226.00M ↓370.8%	-$114.00M	-$182.00M	-$213.00M	-$48.00M	$0.00
Operating Cash Flow	$2.11B	$739.00M ↑14.4%	$395.00M ↓7.7%	$597.00M ↓2.3%	$377.00M ↓8.3%	$646.00M ↓2.3%	$428.00M ↓29.1%	$611.00M ↑16.8%	$411.00M ↓8.7%	$661.00M ↑45.6%	$604.00M ↑67.8%	$523.00M ↑37.6%	$450.00M ↑80.0%	$454.00M ↑32.4%	$360.00M ↑69.0%	$380.00M ↑136.0%	$250.00M ↓7.1%	$343.00M ↑16.7%	$213.00M	$161.00M	$269.00M	$294.00M
Capital Expenditure	-$729.00M	-$170.00M ↓36.0%	-$126.00M ↑51.2%	-$258.00M ↓193.2%	-$175.00M ↓130.3%	-$125.00M ↓5.0%	-$258.00M ↓103.1%	-$88.00M ↑29.6%	-$76.00M ↑20.0%	-$119.00M ↓21.4%	-$127.00M ↓164.6%	-$125.00M ↓177.8%	-$95.00M ↑10.4%	-$98.00M ↓71.9%	-$48.00M ↑17.2%	-$45.00M ↑10.0%	-$106.00M ↓43.2%	-$57.00M ↑21.9%	-$58.00M	-$50.00M	-$74.00M	-$73.00M
Free Cash Flow	$1.38B	$569.00M ↑9.2%	$269.00M ↑58.2%	$339.00M ↓35.2%	$202.00M ↓39.7%	$521.00M ↓3.9%	$170.00M ↓64.4%	$523.00M ↑31.4%	$335.00M ↓5.6%	$542.00M ↑52.2%	$477.00M ↑52.9%	$398.00M ↑18.8%	$355.00M ↑146.5%	$356.00M ↑24.5%	$312.00M ↑101.3%	$335.00M ↑201.8%	$144.00M ↓26.2%	$286.00M ↑29.4%	$155.00M	$111.00M	$195.00M	$221.00M
Dividends Paid	-$352.00M	$0.00 ↑100.0%	-$109.00M ↓9.0%	-$133.00M ↓15.7%	-$110.00M ↓8.9%	-$115.00M ↓9.5%	-$100.00M ↓8.7%	-$115.00M ↓8.5%	-$101.00M ↑5.6%	-$105.00M ↓20.7%	-$92.00M ↓8.2%	-$106.00M ↓3.9%	-$107.00M ↓8.1%	-$87.00M ↓3.6%	-$85.00M ↑11.5%	-$102.00M ↓20.0%	-$99.00M ↓4.2%	-$84.00M ↓3.7%	-$96.00M	-$85.00M	-$95.00M	-$81.00M
Share Buybacks	-$1.00B	-$237.00M ↑15.7%	-$247.00M ↑46.5%	-$291.00M ↓28.2%	-$226.00M ↑7.4%	-$281.00M ↓4.9%	-$462.00M ↓34.3%	-$227.00M ↓17.6%	-$244.00M ↓42.7%	-$268.00M ↓88.7%	-$344.00M ↓56.4%	-$193.00M ↓4.9%	-$171.00M ↓42.5%	-$142.00M ↓79.7%	-$220.00M ↓29.4%	-$184.00M ↑24.0%	-$120.00M ↓11.1%	-$79.00M ↑54.9%	-$170.00M	-$242.00M	-$108.00M	-$175.00M