Howmet Aerospace Inc. (HWM)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Close Price of Common Stock262.33$204.91$196.21$186.13$129.73$109.39$100.24$77.57$68.39$54.18$46.22$49.57$42.41$39.40$30.98$31.53$35.95$31.83$31.18$34.49$32.08$28.57$16.74$15.88$
Market Cap of Common Stock105,176,602,026$82,386,578,106$79,097,415,640$75,135,853,160$52,543,571,390$44,440,852,394$40,912,615,886$31,662,790,915$28,060,666,692$22,306,250,378$19,052,254,037$20,486,836,506$17,484,915,923$16,298,185,698$12,869,185,498$13,176,831,226$15,059,630,292$13,598,348,367$13,373,481,617$14,977,698,729$13,908,190,444$12,385,895,946$7,298,828,120$6,923,141,681$
QoQ%27.66%4.16%5.27%43.00%18.23%8.62%29.21%12.84%25.80%17.08%(7.00%)17.17%7.28%26.65%(2.34%)(12.50%)10.75%1.68%(10.71%)7.69%12.29%69.70%5.43%
YoY%100.17%85.39%93.33%137.30%87.25%99.23%114.74%54.55%60.49%36.86%48.05%55.48%16.11%19.85%(3.77%)(12.02%)8.28%9.79%83.23%116.34%
Common Shares Outstanding400,940,063401,620,565403,000,000404,000,000404,000,000405,431,361407,000,000408,000,000408,000,000409,914,461411,742,755412,169,561411,810,073412,155,057414,000,000416,000,000418,000,000421,691,912428,000,000429,000,000434,000,000432,906,377434,000,000436,000,000436,000,000432,855,183434,000,000440,000,000453,000,000483,270,717483,000,000483,000,000483,000,000481,416,537441,030,999440,826,482440,535,657438,519,7801,315,374,5111,315,107,2861,314,845,8881,310,160,1411,222,605,0491,222,381,8281,222,248,0581,216,663,6611,177,672,0331,172,283,6271,077,685,695
QoQ%(.17%)(.34%)(.25%).00%(.35%)(.39%)(.25%).00%(.47%)(.44%)(.10%).09%(.08%)(.45%)(.48%)(.48%)(.88%)(1.47%)(.23%)(1.15%).25%(.25%)(.46%).00%.73%(.26%)(1.36%)(2.87%)(6.26%).06%.00%.00%.33%9.16%.05%.07%.46%(66.66%).02%.02%.36%7.16%.02%.01%.46%3.31%.46%8.78%.62%
YoY%(.76%)(.94%)(.98%)(.98%)(.98%)(1.09%)(1.15%)(1.01%)(.93%)(.54%)(.55%)(.92%)(1.48%)(2.26%)(3.27%)(3.03%)(3.69%)(2.59%)(1.38%)(1.61%)(.46%).01%.00%(.91%)(3.75%)(10.43%)(10.15%)(8.90%)(6.21%).39%9.52%9.57%9.64%9.78%(66.47%)(66.48%)(66.50%)(66.53%)7.59%7.59%7.58%7.69%3.82%4.27%13.41%13.60%10.11%9.62%.78%
Price to Sales12.75x9.98x9.92x9.73x6.96x5.98x5.63x4.46x4.09x3.36x2.97x3.31x2.94x2.88x2.37x2.49x2.96x2.73x2.72x3.14x2.88x2.36x1.27x.85x
Price to Earnings69.84x54.71x54.63x53.86x41.90x38.54x38.06x34.01x32.70x29.23x29.86x38.65x36.13x34.90x29.72x34.68x49.05x53.12x46.92x50.94x112.16x47.82x15.80x13.29x
Price to Book19.65x15.39x15.38x14.90x10.96x9.76x9.09x7.40x6.87x5.53x4.92x5.43x4.65x4.53x3.93x3.85x4.36x3.88x3.74x4.16x3.80x3.46x2.08x2.01x
Total Revenue2,168,000,000$2,089,000,000$2,053,000,000$1,942,000,000$1,891,000,000$1,835,000,000$1,880,000,000$1,824,000,000$1,731,000,000$1,658,000,000$1,648,000,000$1,603,000,000$1,513,000,000$1,433,000,000$1,393,000,000$1,324,000,000$1,285,000,000$1,283,000,000$1,195,000,000$1,209,000,000$1,238,000,000$1,134,000,000$1,253,000,000$1,634,000,000$1,734,000,000$3,559,000,000$3,691,000,000$3,541,000,000$3,472,000,000$3,524,000,000$3,573,000,000$3,445,000,000$3,271,000,000$3,236,000,000$3,261,000,000$3,192,000,000$2,967,000,000$3,138,000,000$3,234,000,000$3,055,000,000$2,991,000,000$3,127,000,000$3,204,000,000$3,091,000,000$6,377,000,000$6,239,000,000$5,836,000,000$5,454,000,000$
QoQ%3.78%1.75%5.72%2.70%3.05%(2.39%)3.07%5.37%4.40%.61%2.81%5.95%5.58%2.87%5.21%3.04%.16%7.36%(1.16%)(2.34%)9.17%(9.50%)(23.32%)(5.77%)(51.28%)(3.58%)4.24%1.99%(1.48%)(1.37%)3.72%5.32%1.08%(.77%)2.16%7.58%(5.45%)(2.97%)5.86%2.14%(4.35%)(2.40%)3.66%(51.53%)2.21%6.91%7.00%(2.35%)
YoY%14.65%13.84%9.20%6.47%9.24%10.68%14.08%13.79%14.41%15.70%18.31%21.07%17.74%11.69%16.57%9.51%3.80%13.14%(4.63%)(26.01%)(28.60%)(68.14%)(66.05%)(53.86%)(50.06%).99%3.30%2.79%6.15%8.90%9.57%7.93%10.25%3.12%.84%4.48%(.80%).35%.94%(1.17%)(53.10%)(49.88%)(45.10%)(43.33%)14.18%8.22%(.22%)(6.50%)
TTM8,252,000,000$7,975,000,000$7,721,000,000$7,548,000,000$7,430,000,000$7,270,000,000$7,093,000,000$6,861,000,000$6,640,000,000$6,422,000,000$6,197,000,000$5,942,000,000$5,663,000,000$5,435,000,000$5,285,000,000$5,087,000,000$4,972,000,000$4,925,000,000$4,776,000,000$4,834,000,000$5,259,000,000$5,755,000,000$8,180,000,000$10,618,000,000$12,525,000,000$14,263,000,000$14,228,000,000$14,110,000,000$14,014,000,000$13,813,000,000$13,525,000,000$13,213,000,000$12,960,000,000$12,656,000,000$12,558,000,000$12,531,000,000$12,394,000,000$12,418,000,000$12,407,000,000$12,377,000,000$12,413,000,000$15,799,000,000$18,911,000,000$21,543,000,000$23,906,000,000$23,114,000,000$22,640,000,000$22,653,000,000$
TTM_QoQ%3.47%3.29%2.29%1.59%2.20%2.50%3.38%3.33%3.40%3.63%4.29%4.93%4.20%2.84%3.89%2.31%.95%3.12%(1.20%)(8.08%)(8.62%)(29.65%)(22.96%)(15.23%)(12.19%).25%.84%.69%1.46%2.13%2.36%1.95%2.40%.78%.22%1.11%(.19%).09%.24%(.29%)(21.43%)(16.46%)(12.22%)(9.89%)3.43%2.09%(.06%)(1.65%)
TTM_YoY%11.06%9.70%8.85%10.01%11.90%13.21%14.46%15.47%17.25%18.16%17.26%16.81%13.90%10.36%10.66%5.23%(5.46%)(14.42%)(41.61%)(54.47%)(58.01%)(59.65%)(42.51%)(24.75%)(10.63%)3.26%5.20%6.79%8.13%9.14%7.70%5.44%4.57%1.92%1.22%1.24%(.15%)(21.40%)(34.39%)(42.55%)(48.08%)(31.65%)(16.47%)(4.90%)3.80%(.99%)(3.30%)(3.72%)
Gross Margin34.87%34.66%33.51%33.57%31.84%31.72%31.54%29.28%28.94%28.65%27.43%27.39%26.64%26.31%29.15%28.25%27.00%27.67%28.29%27.79%29.56%20.64%26.34%27.60%26.82%63.00%63.83%20.42%18.06%18.25%18.75%19.65%19.81%19.93%21.83%23.00%23.83%20.24%21.68%21.44%219.06%(45.80%)(45.54%)(43.74%)159.82%21.40%18.35%17.58%
QoQ.21%1.15%(.06%)1.74%.12%.17%2.27%.33%.29%1.22%.04%.75%.33%(2.84%).90%1.24%(.67%)(.62%).49%(1.77%)8.93%(5.70%)(1.26%).78%(36.18%)(.84%)43.41%2.36%(.19%)(.51%)(.90%)(.16%)(.12%)(1.90%)(1.16%)(.83%)3.59%(1.44%).24%(197.62%)264.85%(.26%)(1.80%)(203.56%)138.43%3.05%.77%1.88%
YoY3.04%2.94%1.97%4.30%2.89%3.07%4.12%1.89%2.31%2.34%(1.72%)(.86%)(.37%)(1.36%).86%.46%(2.56%)7.04%1.95%.19%2.75%(42.36%)(37.49%)7.18%8.76%44.75%45.08%.77%(1.75%)(1.69%)(3.08%)(3.34%)(4.02%)(.30%).16%1.56%(195.23%)66.03%67.21%65.18%59.23%(67.19%)(63.89%)(61.32%)144.12%4.62%2.69%.68%
Operating Income489,000,000$542,000,000$521,000,000$494,000,000$445,000,000$421,000,000$398,000,000$369,000,000$326,000,000$307,000,000$285,000,000$285,000,000$220,000,000$228,000,000$241,000,000$230,000,000$147,000,000$205,000,000$207,000,000$189,000,000$221,000,000$73,000,000$74,000,000$258,000,000$285,000,000$256,000,000$(176,000,000$)374,000,000$(227,000,000$)345,000,000$324,000,000$333,000,000$(433,000,000$)310,000,000$320,000,000$283,000,000$164,000,000$237,000,000$283,000,000$
QoQ%(9.78%)4.03%5.47%11.01%5.70%5.78%7.86%13.19%6.19%7.72%.00%29.55%(3.51%)(5.39%)4.78%56.46%(28.29%)(.97%)9.52%(14.48%)202.74%(1.35%)(71.32%)(9.47%)11.33%245.46%(147.06%)264.76%(165.80%)6.48%(2.70%)176.91%(239.68%)(3.13%)13.07%72.56%(30.80%)(16.25%)
YoY%9.89%28.74%30.91%33.88%36.50%37.13%39.65%29.47%48.18%34.65%18.26%23.91%49.66%11.22%16.43%21.69%(33.48%)180.82%179.73%(26.74%)(22.46%)(71.48%)142.05%(31.02%)225.55%(25.80%)(154.32%)12.31%47.58%11.29%1.25%17.67%(364.02%)30.80%13.07%
TTM2,046,000,000$2,002,000,000$1,881,000,000$1,758,000,000$1,633,000,000$1,514,000,000$1,400,000,000$1,287,000,000$1,203,000,000$1,097,000,000$1,018,000,000$974,000,000$919,000,000$846,000,000$823,000,000$789,000,000$748,000,000$822,000,000$690,000,000$557,000,000$626,000,000$690,000,000$873,000,000$623,000,000$739,000,000$227,000,000$316,000,000$816,000,000$775,000,000$569,000,000$534,000,000$530,000,000$480,000,000$1,077,000,000$1,004,000,000$967,000,000$
TTM_QoQ%2.20%6.43%7.00%7.66%7.86%8.14%8.78%6.98%9.66%7.76%4.52%5.99%8.63%2.80%4.31%5.48%(9.00%)19.13%23.88%(11.02%)(9.28%)(20.96%)40.13%(15.70%)225.55%(28.17%)(61.28%)5.29%36.20%6.55%.76%10.42%(55.43%)7.27%3.83%
TTM_YoY%25.29%32.23%34.36%36.60%35.74%38.01%37.53%32.14%30.90%29.67%23.69%23.45%22.86%2.92%19.28%41.65%19.49%19.13%(20.96%)(10.59%)(15.29%)203.97%176.27%(23.65%)(4.65%)(60.11%)(40.82%)53.96%61.46%(47.17%)(46.81%)(45.19%)
Operating Margin22.56%25.95%25.38%25.44%23.53%22.94%21.17%20.23%18.83%18.52%17.29%17.78%14.54%15.91%17.30%17.37%11.44%15.98%17.32%15.63%17.85%6.44%5.91%15.79%16.44%7.19%(4.77%)10.56%(6.54%)9.79%9.07%9.67%(13.24%)9.58%9.81%8.87%5.53%7.55%8.75%
QoQ(3.39%).57%(.06%)1.91%.59%1.77%.94%1.40%.32%1.22%(.49%)3.24%(1.37%)(1.39%)(.07%)5.93%(4.54%)(1.34%)1.69%(2.22%)11.41%.53%(9.88%)(.65%)9.24%11.96%(15.33%)17.10%(16.33%).72%(.60%)22.90%(22.82%)(.23%).95%3.34%(2.03%)(1.20%)
YoY(.98%)3.00%4.21%5.21%4.70%4.43%3.88%2.45%4.29%2.61%(.01%).41%3.10%(.07%)(.02%)1.74%(6.41%)9.54%11.42%(.16%)1.42%(.76%)10.67%5.23%22.97%(2.60%)(13.84%).90%6.70%.21%(.75%).80%(18.77%)2.03%1.06%
Net Income372,000,000$385,000,000$407,000,000$344,000,000$314,000,000$332,000,000$266,000,000$243,000,000$236,000,000$188,000,000$193,000,000$148,000,000$111,000,000$80,000,000$147,000,000$131,000,000$77,000,000$27,000,000$74,000,000$80,000,000$106,000,000$36,000,000$(96,000,000$)215,000,000$309,000,000$95,000,000$(121,000,000$)187,000,000$218,000,000$161,000,000$120,000,000$143,000,000$(727,000,000$)119,000,000$212,000,000$322,000,000$(1,253,000,000$)186,000,000$178,000,000$11,000,000$(765,000,000$)106,000,000$207,000,000$255,000,000$114,000,000$131,000,000$129,000,000$(197,000,000$)
QoQ%(3.38%)(5.41%)18.31%9.55%(5.42%)24.81%9.47%2.97%25.53%(2.59%)30.41%33.33%38.75%(45.58%)12.21%70.13%185.19%(63.51%)(7.50%)(24.53%)194.44%137.50%(144.65%)(30.42%)225.26%178.51%(164.71%)(14.22%)35.40%34.17%(16.08%)119.67%(710.92%)(43.87%)(34.16%)125.70%(773.66%)4.49%1,518.18%101.44%(821.70%)(48.79%)(18.82%)123.68%(12.98%)1.55%165.48%91.47%
YoY%18.47%15.96%53.01%41.56%33.05%76.60%37.82%64.19%112.61%135.00%31.29%12.98%44.16%196.30%98.65%63.75%(27.36%)(25.00%)177.08%(62.79%)(65.70%)(62.11%)20.66%14.97%41.74%(40.99%)(200.83%)30.77%129.99%35.29%(43.40%)(55.59%)41.98%(36.02%)19.10%2,827.27%(63.79%)75.47%(14.01%)(95.69%)(771.05%)(19.08%)60.47%229.44%104.94%197.73%187.16%(215.88%)
TTM1,508,000,000$1,450,000,000$1,397,000,000$1,256,000,000$1,155,000,000$1,077,000,000$933,000,000$860,000,000$765,000,000$640,000,000$532,000,000$486,000,000$469,000,000$435,000,000$382,000,000$309,000,000$258,000,000$287,000,000$296,000,000$126,000,000$261,000,000$464,000,000$523,000,000$498,000,000$470,000,000$379,000,000$445,000,000$686,000,000$642,000,000$(303,000,000$)(345,000,000$)(253,000,000$)(74,000,000$)(600,000,000$)(533,000,000$)(567,000,000$)(878,000,000$)(390,000,000$)(470,000,000$)(441,000,000$)(197,000,000$)682,000,000$707,000,000$629,000,000$177,000,000$(2,247,000,000$)(2,334,000,000$)(2,611,000,000$)
TTM_QoQ%4.00%3.79%11.23%8.75%7.24%15.43%8.49%12.42%19.53%20.30%9.47%3.63%7.82%13.87%23.63%19.77%(10.11%)(3.04%)134.92%(51.72%)(43.75%)(11.28%)5.02%5.96%24.01%(14.83%)(35.13%)6.85%311.88%12.17%(36.36%)(241.89%)87.67%(12.57%)6.00%35.42%(125.13%)17.02%(6.58%)(123.86%)(128.89%)(3.54%)12.40%255.37%107.88%3.73%10.61%(16.36%)
TTM_YoY%30.56%34.63%49.73%46.05%50.98%68.28%75.38%76.96%63.11%47.13%39.27%57.28%81.78%51.57%29.05%145.24%(1.15%)(38.15%)(43.40%)(74.70%)(44.47%)22.43%17.53%(27.41%)(26.79%)225.08%228.99%371.15%967.57%49.50%35.27%55.38%91.57%(53.85%)(13.40%)(28.57%)(345.69%)(157.19%)(166.48%)(170.11%)(211.30%)130.35%130.29%124.09%107.89%(795.67%)(2,344.23%)(1,220.60%)
Profit Margin17.16%18.43%19.83%17.71%16.61%18.09%14.15%13.32%13.63%11.34%11.71%9.23%7.34%5.58%10.55%9.89%5.99%2.10%6.19%6.62%8.56%3.18%(7.66%)13.16%17.82%2.67%(3.28%)5.28%6.28%4.57%3.36%4.15%(22.23%)3.68%6.50%10.09%(42.23%)5.93%5.50%.36%(25.58%)3.39%6.46%8.25%1.79%2.10%2.21%(3.61%)
QoQ(1.27%)(1.40%)2.11%1.11%(1.49%)3.94%.83%(.31%)2.30%(.37%)2.48%1.90%1.75%(4.97%).66%3.90%3.89%(4.09%)(.43%)(1.95%)5.39%10.84%(20.82%)(4.66%)15.15%5.95%(8.56%)(1.00%)1.71%1.21%(.79%)26.38%(25.90%)(2.82%)(3.59%)52.32%(48.16%).42%5.14%25.94%(28.97%)(3.07%)(1.79%)6.46%(.31%)(.11%)5.82%37.75%
YoY.55%.34%5.68%4.39%2.97%6.75%2.44%4.09%6.30%5.76%1.16%(.66%)1.34%3.48%4.36%3.28%(2.57%)(1.07%)13.85%(6.54%)(9.26%).51%(4.38%)7.88%11.54%(1.90%)(6.64%)1.13%28.51%.89%(3.14%)(5.94%)20.01%(2.25%)1.00%9.73%(16.65%)2.54%(.96%)(7.89%)(27.37%)1.29%4.25%11.86%43.15%1.34%4.74%(6.53%)
Equity to Common Shareholders5,353,000,000$5,143,000,000$5,042,000,000$4,792,000,000$4,554,000,000$4,503,000,000$4,277,000,000$4,086,000,000$4,037,000,000$3,872,000,000$3,775,000,000$3,761,000,000$3,601,000,000$3,273,000,000$3,421,000,000$3,457,000,000$3,508,000,000$3,579,000,000$3,598,000,000$3,662,000,000$3,577,000,000$3,501,000,000$3,449,000,000$4,783,000,000$4,591,000,000$4,696,000,000$4,854,000,000$5,166,000,000$5,573,000,000$5,361,000,000$5,204,000,000$5,268,000,000$4,910,000,000$5,948,000,000$5,740,000,000$5,482,000,000$5,115,000,000$11,775,000,000$12,335,000,000$12,226,000,000$12,046,000,000$12,594,000,000$12,314,000,000$11,574,000,000$12,306,000,000$12,396,000,000$11,677,000,000$11,391,000,000$
QoQ210,000,000$101,000,000$250,000,000$238,000,000$51,000,000$226,000,000$191,000,000$49,000,000$165,000,000$97,000,000$14,000,000$160,000,000$328,000,000$(148,000,000$)(36,000,000$)(51,000,000$)(71,000,000$)(19,000,000$)(64,000,000$)85,000,000$76,000,000$52,000,000$(1,334,000,000$)192,000,000$(105,000,000$)(158,000,000$)(312,000,000$)(407,000,000$)212,000,000$157,000,000$(64,000,000$)358,000,000$(1,038,000,000$)208,000,000$258,000,000$367,000,000$(6,660,000,000$)(560,000,000$)109,000,000$180,000,000$(548,000,000$)280,000,000$740,000,000$(732,000,000$)(90,000,000$)719,000,000$286,000,000$798,000,000$
QoQ%4.08%2.00%5.22%5.23%1.13%5.28%4.67%1.21%4.26%2.57%.37%4.44%10.02%(4.33%)(1.04%)(1.45%)(1.98%)(.53%)(1.75%)2.38%2.17%1.51%(27.89%)4.18%(2.24%)(3.26%)(6.04%)(7.30%)3.95%3.02%(1.22%)7.29%(17.45%)3.62%4.71%7.18%(56.56%)(4.54%).89%1.49%(4.35%)2.27%6.39%(5.95%)(.73%)6.16%2.51%7.53%
YoY799,000,000$640,000,000$765,000,000$706,000,000$517,000,000$631,000,000$502,000,000$325,000,000$436,000,000$599,000,000$354,000,000$304,000,000$93,000,000$(306,000,000$)(177,000,000$)(205,000,000$)(69,000,000$)78,000,000$149,000,000$(1,121,000,000$)(1,014,000,000$)(1,195,000,000$)(1,405,000,000$)(383,000,000$)(982,000,000$)(665,000,000$)(350,000,000$)(102,000,000$)663,000,000$(587,000,000$)(536,000,000$)(214,000,000$)(205,000,000$)(5,827,000,000$)(6,595,000,000$)(6,744,000,000$)(6,931,000,000$)(819,000,000$)21,000,000$652,000,000$(260,000,000$)198,000,000$637,000,000$183,000,000$1,713,000,000$(460,000,000$)(1,138,000,000$)(2,030,000,000$)
YoY%17.55%14.21%17.89%17.28%12.81%16.30%13.30%8.64%12.11%18.30%10.35%8.79%2.65%(8.55%)(4.92%)(5.60%)(1.93%)2.23%4.32%(23.44%)(22.09%)(25.45%)(28.95%)(7.41%)(17.62%)(12.40%)(6.73%)(1.94%)13.50%(9.87%)(9.34%)(3.90%)(4.01%)(49.49%)(53.47%)(55.16%)(57.54%)(6.50%).17%5.63%(2.11%)1.60%5.46%1.61%16.17%(3.58%)(8.88%)(15.13%)
Dividends Paid50,000,000$48,000,000$41,000,000$42,000,000$33,000,000$34,000,000$21,000,000$21,000,000$21,000,000$17,000,000$18,000,000$17,000,000$17,000,000$9,000,000$9,000,000$9,000,000$8,000,000$10,000,000$1,000,000$1,000,000$0$1,000,000$9,000,000$9,000,000$9,000,000$10,000,000$29,000,000$30,000,000$29,000,000$30,000,000$30,000,000$30,000,000$44,000,000$43,000,000$45,000,000$57,000,000$57,000,000$57,000,000$74,000,000$40,000,000$55,000,000$54,000,000$56,000,000$36,000,000$36,000,000$33,000,000$
Additional Paid-In Capital QoQ(186,000,000$)(181,000,000$)(197,000,000$)(111,000,000$)(180,000,000$)(100,000,000$)(56,000,000$)(140,000,000$)(88,000,000$)(12,000,000$)(159,000,000$)(6,000,000$)(51,000,000$)(81,000,000$)(44,000,000$)(168,000,000$)(182,000,000$)(8,000,000$)(190,000,000$)3,000,000$(15,000,000$)(20,000,000$)(2,623,000,000$)7,000,000$5,000,000$(170,000,000$)(160,000,000$)(675,000,000$)9,000,000$15,000,000$15,000,000$14,000,000$(28,000,000$)32,000,000$13,000,000$35,000,000$17,000,000$(1,680,000,000$)21,000,000$(163,000,000$)65,000,000$807,000,000$23,000,000$(160,000,000$)524,000,000$1,125,000,000$(69,000,000$)195,000,000$
Treasury Stock0$0$0$2,647,000,000$2,657,000,000$2,825,000,000$2,830,000,000$2,834,000,000$2,841,000,000$3,042,000,000$3,129,000,000$3,275,000,000$3,395,000,000$
QoQ(10,000,000$)(168,000,000$)(5,000,000$)(4,000,000$)(7,000,000$)(201,000,000$)(87,000,000$)(146,000,000$)(120,000,000$)(367,000,000$)
Goodwill4,022,000,000$4,058,000,000$4,065,000,000$4,028,000,000$4,010,000,000$4,047,000,000$4,016,000,000$4,020,000,000$4,035,000,000$4,007,000,000$4,026,000,000$4,024,000,000$4,013,000,000$3,965,000,000$4,012,000,000$4,053,000,000$4,067,000,000$4,077,000,000$4,090,000,000$4,086,000,000$4,102,000,000$4,072,000,000$4,051,000,000$4,457,000,000$4,067,000,000$4,460,000,000$4,500,000,000$4,509,000,000$4,186,000,000$4,517,000,000$4,518,000,000$4,573,000,000$4,535,000,000$5,246,000,000$5,215,000,000$5,170,000,000$5,148,000,000$5,384,000,000$5,396,000,000$5,402,000,000$5,249,000,000$5,443,000,000$5,232,000,000$5,050,000,000$5,087,000,000$3,389,000,000$3,435,000,000$3,423,000,000$
QoQ%(.89%)(.17%).92%.45%(.91%).77%(.10%)(.37%).70%(.47%).05%.27%1.21%(1.17%)(1.01%)(.34%)(.25%)(.32%).10%(.39%).74%.52%(9.11%)9.59%(8.81%)(.89%)(.20%).20%(7.33%)(.02%)(1.20%).84%(13.55%).59%.87%.43%(4.38%)(.22%)(.11%)2.92%(3.56%)4.03%3.60%(.73%)50.10%(1.34%).35%.23%
YoY%.30%.27%1.22%.20%(.62%)1.00%(.25%)(.10%).55%1.06%.35%(.72%)(1.33%)(2.75%)(1.91%)(.81%)(.85%).12%.96%(8.32%).86%(8.70%)(9.98%)(1.15%)(9.62%)(1.26%)(.40%)(1.40%)(7.70%)(13.90%)(13.37%)(11.55%)(11.91%)(2.56%)(3.35%)(4.30%)(1.92%)(1.08%)3.14%6.97%3.19%60.61%52.31%47.53%48.96%(34.12%)(32.82%)(33.18%)
Other Intangible Assets457,000,000$462,000,000$467,000,000$470,000,000$475,000,000$484,000,000$489,000,000$498,000,000$505,000,000$507,000,000$513,000,000$518,000,000$521,000,000$523,000,000$534,000,000$543,000,000$549,000,000$554,000,000$557,000,000$563,000,000$571,000,000$584,000,000$589,000,000$647,000,000$599,000,000$668,000,000$686,000,000$912,000,000$919,000,000$954,000,000$963,000,000$990,000,000$987,000,000$988,000,000$1,909,000,000$1,645,000,000$
QoQ(5,000,000$)(5,000,000$)(3,000,000$)(5,000,000$)(9,000,000$)(5,000,000$)(9,000,000$)(7,000,000$)(2,000,000$)(6,000,000$)(5,000,000$)(3,000,000$)(2,000,000$)(11,000,000$)(9,000,000$)(6,000,000$)(5,000,000$)(3,000,000$)(6,000,000$)(8,000,000$)(13,000,000$)(5,000,000$)(58,000,000$)48,000,000$(69,000,000$)(18,000,000$)(226,000,000$)(7,000,000$)(35,000,000$)(9,000,000$)(27,000,000$)3,000,000$
Amortization of Intangible Assets
Total Assets11,179,000,000$11,177,000,000$11,046,000,000$10,772,000,000$10,519,000,000$10,558,000,000$10,679,000,000$10,410,000,000$10,428,000,000$10,166,000,000$10,233,000,000$10,174,000,000$10,255,000,000$9,929,000,000$10,052,000,000$10,129,000,000$10,219,000,000$10,357,000,000$10,379,000,000$10,971,000,000$11,443,000,000$11,339,000,000$11,363,000,000$18,465,000,000$17,562,000,000$17,484,000,000$17,913,000,000$18,361,000,000$18,693,000,000$18,327,000,000$18,219,000,000$18,219,000,000$18,718,000,000$19,237,000,000$19,106,000,000$20,157,000,000$20,038,000,000$37,448,000,000$36,139,000,000$36,140,000,000$36,477,000,000$36,587,000,000$36,587,000,000$35,694,000,000$37,363,000,000$37,122,000,000$36,309,000,000$35,605,000,000$
QoQ2,000,000$131,000,000$274,000,000$253,000,000$(39,000,000$)(121,000,000$)269,000,000$(18,000,000$)262,000,000$(67,000,000$)59,000,000$(81,000,000$)326,000,000$(123,000,000$)(77,000,000$)(90,000,000$)(138,000,000$)(22,000,000$)(592,000,000$)(472,000,000$)104,000,000$(24,000,000$)(7,102,000,000$)903,000,000$78,000,000$(429,000,000$)(448,000,000$)(332,000,000$)366,000,000$108,000,000$0$(499,000,000$)(519,000,000$)131,000,000$(1,051,000,000$)119,000,000$(17,410,000,000$)1,309,000,000$(1,000,000$)(337,000,000$)(110,000,000$)0$893,000,000$(1,669,000,000$)241,000,000$813,000,000$704,000,000$(137,000,000$)
YoY660,000,000$619,000,000$367,000,000$362,000,000$91,000,000$392,000,000$446,000,000$236,000,000$173,000,000$237,000,000$181,000,000$45,000,000$36,000,000$(428,000,000$)(327,000,000$)(842,000,000$)(1,224,000,000$)(982,000,000$)(984,000,000$)(7,494,000,000$)(6,119,000,000$)(6,145,000,000$)(6,550,000,000$)104,000,000$(1,131,000,000$)(843,000,000$)(306,000,000$)142,000,000$(25,000,000$)(910,000,000$)(887,000,000$)(1,938,000,000$)(1,320,000,000$)(18,211,000,000$)(17,033,000,000$)(15,983,000,000$)(16,439,000,000$)861,000,000$(448,000,000$)446,000,000$(886,000,000$)(535,000,000$)278,000,000$89,000,000$1,621,000,000$(1,107,000,000$)(2,242,000,000$)(4,501,000,000$)
Total Liabilities5,826,000,000$6,034,000,000$6,004,000,000$5,980,000,000$5,965,000,000$6,055,000,000$6,402,000,000$6,324,000,000$6,391,000,000$6,294,000,000$6,458,000,000$6,413,000,000$6,654,000,000$6,656,000,000$6,631,000,000$6,672,000,000$6,711,000,000$6,778,000,000$6,781,000,000$7,309,000,000$7,866,000,000$7,838,000,000$7,914,000,000$13,668,000,000$12,957,000,000$12,774,000,000$13,047,000,000$13,183,000,000$13,108,000,000$12,952,000,000$13,001,000,000$12,937,000,000$13,794,000,000$13,276,000,000$13,353,000,000$14,662,000,000$14,897,000,000$23,503,000,000$21,610,000,000$21,779,000,000$22,346,000,000$21,896,000,000$21,949,000,000$21,851,000,000$22,569,000,000$21,987,000,000$21,603,000,000$21,231,000,000$
QoQ(208,000,000$)30,000,000$24,000,000$15,000,000$(90,000,000$)(347,000,000$)78,000,000$(67,000,000$)97,000,000$(164,000,000$)45,000,000$(241,000,000$)(2,000,000$)25,000,000$(41,000,000$)(39,000,000$)(67,000,000$)(3,000,000$)(528,000,000$)(557,000,000$)28,000,000$(76,000,000$)(5,754,000,000$)711,000,000$183,000,000$(273,000,000$)(136,000,000$)75,000,000$156,000,000$(49,000,000$)64,000,000$(857,000,000$)518,000,000$(77,000,000$)(1,309,000,000$)(235,000,000$)(8,606,000,000$)1,893,000,000$(169,000,000$)(567,000,000$)450,000,000$(53,000,000$)98,000,000$(718,000,000$)582,000,000$384,000,000$372,000,000$(989,000,000$)
YoY(139,000,000$)(21,000,000$)(398,000,000$)(344,000,000$)(426,000,000$)(239,000,000$)(56,000,000$)(89,000,000$)(263,000,000$)(362,000,000$)(173,000,000$)(259,000,000$)(57,000,000$)(122,000,000$)(150,000,000$)(637,000,000$)(1,155,000,000$)(1,060,000,000$)(1,133,000,000$)(6,359,000,000$)(5,091,000,000$)(4,936,000,000$)(5,133,000,000$)485,000,000$(151,000,000$)(178,000,000$)46,000,000$246,000,000$(686,000,000$)(324,000,000$)(352,000,000$)(1,725,000,000$)(1,103,000,000$)(10,227,000,000$)(8,257,000,000$)(7,117,000,000$)(7,449,000,000$)1,607,000,000$(339,000,000$)(72,000,000$)(223,000,000$)(91,000,000$)346,000,000$620,000,000$349,000,000$(378,000,000$)(1,090,000,000$)(2,101,000,000$)
Current Ratio2.13x2.35x2.31x2.30x2.17x2.24x1.53x1.97x1.86x2.14x2.22x2.18x2.12x2.06x2.15x2.22x2.18x2.33x2.28x1.98x2.21x2.28x2.23x1.69x1.42x1.32x1.66x1.65x1.87x2.03x2.04x2.10x2.26x2.30x2.27x2.59x2.14x1.70x1.47x1.38x1.53x1.67x1.50x1.52x1.44x1.81x1.26x1.28x
Total Current Assets3,779,000,000$3,824,000,000$3,694,000,000$3,554,000,000$3,362,000,000$3,391,000,000$3,603,000,000$3,340,000,000$3,316,000,000$3,111,000,000$3,128,000,000$3,057,000,000$3,143,000,000$2,846,000,000$2,837,000,000$2,782,000,000$2,737,000,000$2,820,000,000$2,799,000,000$3,328,000,000$3,672,000,000$3,600,000,000$3,702,000,000$6,948,000,000$5,843,000,000$5,908,000,000$6,018,000,000$6,053,000,000$6,581,000,000$6,132,000,000$6,075,000,000$5,895,000,000$6,378,000,000$6,148,000,000$6,033,000,000$6,710,000,000$5,892,000,000$9,368,000,000$8,093,000,000$7,665,000,000$7,953,000,000$8,592,000,000$7,829,000,000$7,722,000,000$7,848,000,000$9,689,000,000$7,387,000,000$6,765,000,000$
QoQ(45,000,000$)130,000,000$140,000,000$192,000,000$(29,000,000$)(212,000,000$)263,000,000$24,000,000$205,000,000$(17,000,000$)71,000,000$(86,000,000$)297,000,000$9,000,000$55,000,000$45,000,000$(83,000,000$)21,000,000$(529,000,000$)(344,000,000$)72,000,000$(102,000,000$)(3,246,000,000$)1,105,000,000$(65,000,000$)(110,000,000$)(35,000,000$)(528,000,000$)449,000,000$57,000,000$180,000,000$(483,000,000$)230,000,000$115,000,000$(677,000,000$)818,000,000$(3,476,000,000$)1,275,000,000$428,000,000$(288,000,000$)(639,000,000$)763,000,000$107,000,000$(126,000,000$)(1,841,000,000$)2,302,000,000$622,000,000$(204,000,000$)
Total Current Liabilities1,771,000,000$1,625,000,000$1,600,000,000$1,548,000,000$1,549,000,000$1,517,000,000$2,358,000,000$1,698,000,000$1,784,000,000$1,454,000,000$1,410,000,000$1,403,000,000$1,482,000,000$1,381,000,000$1,322,000,000$1,255,000,000$1,253,000,000$1,208,000,000$1,227,000,000$1,680,000,000$1,660,000,000$1,577,000,000$1,658,000,000$4,107,000,000$4,125,000,000$4,460,000,000$3,621,000,000$3,659,000,000$3,520,000,000$3,014,000,000$2,977,000,000$2,802,000,000$2,824,000,000$2,677,000,000$2,658,000,000$2,587,000,000$2,749,000,000$5,500,000,000$5,488,000,000$5,555,000,000$5,211,000,000$5,147,000,000$5,206,000,000$5,064,000,000$5,458,000,000$5,354,000,000$5,842,000,000$5,267,000,000$
QoQ146,000,000$25,000,000$52,000,000$(1,000,000$)32,000,000$(841,000,000$)660,000,000$(86,000,000$)330,000,000$44,000,000$7,000,000$(79,000,000$)101,000,000$59,000,000$67,000,000$2,000,000$45,000,000$(19,000,000$)(453,000,000$)20,000,000$83,000,000$(81,000,000$)(2,449,000,000$)(18,000,000$)(335,000,000$)839,000,000$(38,000,000$)139,000,000$506,000,000$37,000,000$175,000,000$(22,000,000$)147,000,000$19,000,000$71,000,000$(162,000,000$)(2,751,000,000$)12,000,000$(67,000,000$)344,000,000$64,000,000$(59,000,000$)142,000,000$(394,000,000$)104,000,000$(488,000,000$)575,000,000$(838,000,000$)
Debt to Asset Ratio.52x.54x.54x.56x.57x.57x.60x.61x.61x.62x.63x.63x.65x.67x.66x.66x.66x.65x.65x.67x.69x.69x.70x.74x.74x.73x.73x.72x.70x.71x.71x.71x.74x.69x.70x.73x.74x.63x.60x.60x.61x.60x.60x.61x.60x.59x.59x.60x
Long Term Debt2,859,000,000$3,188,000,000$3,253,000,000$3,317,000,000$3,309,000,000$3,393,000,000$2,877,000,000$3,486,000,000$3,500,000,000$3,794,000,000$3,989,000,000$3,988,000,000$4,162,000,000$4,170,000,000$4,169,000,000$4,228,000,000$4,227,000,000$4,272,000,000$4,227,000,000$4,224,000,000$4,699,000,000$4,697,000,000$4,695,000,000$5,777,000,000$4,906,000,000$4,905,000,000$5,901,000,000$5,899,000,000$5,896,000,000$6,315,000,000$6,312,000,000$6,309,000,000$6,806,000,000$6,802,000,000$6,796,000,000$8,046,000,000$8,044,000,000$9,501,000,000$8,278,000,000$8,257,000,000$8,786,000,000$9,091,000,000$8,713,000,000$8,711,000,000$8,769,000,000$8,797,000,000$7,612,000,000$7,609,000,000$
QoQ(329,000,000$)(65,000,000$)(64,000,000$)8,000,000$(84,000,000$)516,000,000$(609,000,000$)(14,000,000$)(294,000,000$)(195,000,000$)1,000,000$(174,000,000$)(8,000,000$)1,000,000$(59,000,000$)1,000,000$(45,000,000$)45,000,000$3,000,000$(475,000,000$)2,000,000$2,000,000$(1,082,000,000$)871,000,000$1,000,000$(996,000,000$)2,000,000$3,000,000$(419,000,000$)3,000,000$3,000,000$(497,000,000$)4,000,000$6,000,000$(1,250,000,000$)2,000,000$(1,457,000,000$)1,223,000,000$21,000,000$(529,000,000$)(305,000,000$)378,000,000$2,000,000$(58,000,000$)(28,000,000$)1,185,000,000$3,000,000$2,000,000$
YoY(450,000,000$)(205,000,000$)376,000,000$(169,000,000$)(191,000,000$)(401,000,000$)(1,112,000,000$)(502,000,000$)(662,000,000$)(376,000,000$)(180,000,000$)(240,000,000$)(65,000,000$)(102,000,000$)(58,000,000$)4,000,000$(472,000,000$)(425,000,000$)(468,000,000$)(1,553,000,000$)(207,000,000$)(208,000,000$)(1,206,000,000$)(122,000,000$)(990,000,000$)(1,410,000,000$)(411,000,000$)(410,000,000$)(910,000,000$)(487,000,000$)(484,000,000$)(1,737,000,000$)(1,238,000,000$)(2,699,000,000$)(1,482,000,000$)(211,000,000$)(742,000,000$)410,000,000$(435,000,000$)(454,000,000$)17,000,000$294,000,000$1,101,000,000$1,102,000,000$1,162,000,000$1,167,000,000$(88,000,000$)(136,000,000$)
Capital Lease Obligations163,000,000$163,000,000$170,000,000$159,000,000$156,000,000$160,000,000$158,000,000$147,000,000$129,000,000$115,000,000$111,000,000$112,000,000$115,000,000$111,000,000$114,000,000$110,000,000$114,000,000$122,000,000$129,000,000$131,000,000$138,000,000$127,000,000$127,000,000$258,000,000$136,000,000$268,000,000$288,000,000$309,000,000$
Cash and Cash Equivalents742,000,000$659,000,000$545,000,000$536,000,000$564,000,000$475,000,000$752,000,000$533,000,000$610,000,000$424,000,000$535,000,000$537,000,000$791,000,000$453,000,000$537,000,000$520,000,000$720,000,000$724,000,000$715,000,000$1,238,000,000$1,610,000,000$1,365,000,000$1,281,000,000$2,591,000,000$1,577,000,000$1,321,000,000$1,357,000,000$1,319,000,000$2,277,000,000$1,535,000,000$1,455,000,000$1,205,000,000$2,150,000,000$1,815,000,000$1,785,000,000$2,553,000,000$1,863,000,000$1,863,000,000$1,929,000,000$1,384,000,000$1,919,000,000$1,739,000,000$1,311,000,000$1,191,000,000$1,877,000,000$3,272,000,000$1,183,000,000$665,000,000$
QoQ83,000,000$114,000,000$9,000,000$(28,000,000$)89,000,000$(277,000,000$)219,000,000$(77,000,000$)186,000,000$(111,000,000$)(2,000,000$)(254,000,000$)338,000,000$(84,000,000$)17,000,000$(200,000,000$)(4,000,000$)9,000,000$(523,000,000$)(372,000,000$)245,000,000$84,000,000$(1,310,000,000$)1,014,000,000$256,000,000$(36,000,000$)38,000,000$(958,000,000$)742,000,000$80,000,000$250,000,000$(945,000,000$)335,000,000$30,000,000$(768,000,000$)690,000,000$0$(66,000,000$)545,000,000$22,000,000$180,000,000$428,000,000$120,000,000$(686,000,000$)(1,395,000,000$)2,089,000,000$518,000,000$(772,000,000$)
YoY178,000,000$184,000,000$(207,000,000$)3,000,000$(46,000,000$)51,000,000$217,000,000$(4,000,000$)(181,000,000$)(29,000,000$)(2,000,000$)17,000,000$71,000,000$(271,000,000$)(178,000,000$)(718,000,000$)(890,000,000$)(641,000,000$)(566,000,000$)(1,353,000,000$)33,000,000$44,000,000$(76,000,000$)1,272,000,000$(700,000,000$)(214,000,000$)(98,000,000$)114,000,000$127,000,000$(280,000,000$)(330,000,000$)(1,348,000,000$)287,000,000$(48,000,000$)(144,000,000$)1,169,000,000$501,000,000$124,000,000$618,000,000$193,000,000$42,000,000$(1,533,000,000$)128,000,000$526,000,000$440,000,000$2,255,000,000$(19,000,000$)(890,000,000$)
Interest Expenses37,000,000$37,000,000$38,000,000$39,000,000$40,000,000$44,000,000$49,000,000$49,000,000$52,000,000$54,000,000$55,000,000$57,000,000$57,000,000$57,000,000$57,000,000$58,000,000$58,000,000$63,000,000$66,000,000$72,000,000$76,000,000$13,000,000$144,000,000$84,000,000$82,000,000$85,000,000$86,000,000$85,000,000$86,000,000$88,000,000$89,000,000$114,000,000$98,000,000$100,000,000$24,000,000$115,000,000$128,000,000$126,000,000$124,000,000$121,000,000$104,000,000$123,000,000$124,000,000$122,000,000$91,000,000$126,000,000$105,000,000$120,000,000$
Interest Income0$0$0$0$0$0$0$0$0$0$5,000,000$5,000,000$0$2,000,000$1,000,000$0$1,000,000$1,000,000$0$1,000,000$0$4,000,000$4,000,000$5,000,000$5,000,000$10,000,000$6,000,000$6,000,000$4,000,000$6,000,000$6,000,000$5,000,000$4,000,000$4,000,000$2,000,000$5,000,000$5,000,000$4,000,000$5,000,000$4,000,000$4,000,000$3,000,000$6,000,000$3,000,000$6,000,000$4,000,000$