Church & Dwight Co., Inc(NYSE:CHD)

Church & Dwight Co., Inc. develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet d...
Website: http://www.churchdwight.com
Founded: 1846
Full Time Employees: 4,800
Sector: Consumer Defensive
Industry: Household & Personal Products
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At a glance:
- Portfolio of Category-Leading Household & Personal Care Brands: Church & Dwight generates revenue from a diversified mix of well-known consumer brands, led by ARM & HAMMER, supported by both premium and value-oriented products across household, personal care, and specialty categories.
- Resilient Demand Profile Driven by Everyday-Use Products: Many of the company’s core items are nondiscretionary staples, which can help stabilize volumes through economic cycles, though performance can still be affected by category competition and retailer inventory dynamics.
- Margins Influenced by Input Costs, Pricing, and Mix: Profitability typically depends on managing raw-material and freight costs, executing pricing actions, and improving product mix, with private-label and branded competitors influencing promotional intensity.
- Growth Emphasis on Innovation, Brand Investment, and Select M&A: Church & Dwight often targets growth through new product launches, marketing support for its power brands, and periodic acquisitions to expand into attractive categories or add scale.
- Retail Concentration and Channel Execution Remain Key Watch Items: As a large portion of sales flows through major retailers, shelf placement, promotional effectiveness, and retailer relationships can materially impact near-term revenue trends and market share.
Bull Thesis:
- Resilient Portfolio of Essential Household Brands: Church & Dwight boasts a strong portfolio of leading consumer brands (e.g., Arm & Hammer, OxiClean, Trojan, Waterpik) that are often considered essential and recession-resistant. This provides stable demand and consistent revenue streams, even in challenging economic environments.
- Consistent Organic Sales Growth and Pricing Power: The company has demonstrated a consistent ability to drive organic sales growth through product innovation, market share gains, and effective marketing. Furthermore, its strong brand equity often allows it to implement price increases to offset rising input costs, helping to maintain or expand margins.
- Strong Free Cash Flow Generation and Shareholder Returns: CHD is a consistent generator of free cash flow, which it strategically deploys for debt reduction, share repurchases, and a steadily increasing dividend. This commitment to returning capital to shareholders makes it an attractive option for long-term and income-focused investors.
- Strategic Acquisitions and International Expansion: Church & Dwight has a proven track record of acquiring complementary brands that fit its portfolio and contribute to growth. Additionally, there's ongoing opportunity for international expansion of its established brands, tapping into new markets and consumer bases for future revenue growth.
Bear Thesis:
- Premium Valuation and Limited Upside: As a high-quality consumer staples company, CHD often trades at a premium valuation compared to the broader market and some peers. This elevated P/E ratio or EV/EBITDA multiple suggests that much of its future growth is already priced into the stock, potentially limiting significant upside from current levels.
- Persistent Input Cost Pressures and Margin Compression: Despite pricing power, the company remains susceptible to volatility in raw material costs, packaging, and logistics. Sustained inflation in these areas, coupled with increased marketing and supply chain investments, could continue to pressure gross and operating margins, impacting profitability.
- Intense Competition from Larger Players and Private Labels: The consumer packaged goods market is highly competitive, with larger, well-resourced players like Procter & Gamble and Unilever, as well as growing threats from private label brands. This intense competition can make it challenging to gain market share and maintain pricing power in certain categories.
- Potential for Slower Growth in Mature Categories: While CHD has growth drivers, some of its core categories are mature, implying slower organic growth rates compared to high-growth sectors. Sustaining high single-digit or double-digit growth can be challenging without significant innovation or large-scale acquisitions, which carry their own risks.
Main Competitors:
- Procter & Gamble Co. ($PG) (Tide (laundry), Crest (oral care), Old Spice (deodorant)), A dominant force in consumer goods, P&G competes directly with Church & Dwight across multiple categories including laundry care (Tide vs. Arm & Hammer, OxiClean), oral care (Crest, Oral-B vs. Arm & Hammer toothpaste, Spinbrush), and personal care (Old Spice, Secret vs. Arm & Hammer deodorant). P&G leverages its massive scale, extensive R&D, and marketing power.
- Colgate-Palmolive Company ($CL) (Colgate (oral care), Palmolive (dish soap), Speed Stick (deodorant)), Colgate-Palmolive is a direct competitor in oral care (Colgate vs. Arm & Hammer toothpaste, Spinbrush), personal care (Speed Stick vs. Arm & Hammer deodorant), and household cleaning (Ajax, Palmolive vs. OxiClean, Kaboom). They compete on brand recognition, product efficacy, and global distribution.
- Reckitt Benckiser Group plc ($RBGLY) (Lysol (disinfectants), Durex (condoms), Finish (dishwashing)), Reckitt competes with Church & Dwight in household cleaning (Lysol, Finish vs. OxiClean, Kaboom) and health/personal care (Durex vs. Trojan condoms). They focus on strong brand equity, innovation, and a global presence in hygiene, health, and nutrition.
- The Clorox Company ($CLX) (Clorox (bleach), Fresh Step (cat litter), Pine-Sol (cleaners)), Clorox is a significant competitor in household cleaning (Clorox, Pine-Sol vs. OxiClean, Kaboom) and cat litter (Fresh Step, Scoop Away vs. Arm & Hammer cat litter). They compete through strong brand loyalty, product effectiveness, and continuous innovation in their core categories.
Moat:
Church & Dwight operates in the highly competitive consumer packaged goods (CPG) industry. Its competitive moat is built on a portfolio of strong, often #1 or #2 market share brands (e.g., Arm & Hammer, OxiClean, Trojan, Waterpik) that benefit from long-standing consumer trust and value perception. C&D also strategically acquires and integrates niche brands, leveraging its efficient distribution and operational capabilities. Competition is intense, coming from large, diversified CPG conglomerates with vast resources (like P&G, Colgate-Palmolive, Unilever), specialized players, and private label brands. C&D's strategy involves disciplined innovation, effective marketing, and a focus on its 'power brands' to maintain market share and drive growth in a dynamic consumer landscape.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net sales | 1,469,300,000 | 1,644,200,000 | 1,585,600,000 | 1,506,300,000 | 1,467,100,000 | 1,582,000,000 | 1,510,600,000 | 1,511,200,000 | 1,503,300,000 | 1,528,000,000 | 1,455,900,000 | 1,454,200,000 | 1,429,800,000 | 1,436,000,000 | 1,317,300,000 | 1,325,100,000 | 1,297,200,000 | 1,368,700,000 | 1,311,400,000 | 1,271,100,000 | 1,238,900,000 | 1,295,300,000 | 1,241,000,000 | 1,194,300,000 | 1,165,200,000 | 1,144,200,000 | 1,089,400,000 | 1,079,400,000 | 1,044,700,000 | 1,074,400,000 | 1,037,600,000 | 1,027,900,000 | 1,006,000,000 | 1,033,100,000 | 967,900,000 | 898,000,000 | 877,200,000 | 896,000,000 | 870,700,000 | 877,400,000 | 849,000,000 | 873,600,000 | 861,800,000 | 847,100,000 |
yoy | 0.15% | 3.93% | 4.96% | -0.32% | -2.41% | 3.53% | 3.76% | 3.92% | 5.14% | 6.41% | 10.52% | 9.74% | 10.22% | 4.92% | 0.45% | 4.25% | 4.71% | 5.67% | 5.67% | 6.43% | 6.33% | 13.21% | 13.92% | 10.64% | 11.53% | 6.50% | 4.99% | 5.01% | 3.85% | 4.00% | 7.20% | 14.47% | 14.68% | 15.30% | 11.16% | 2.35% | 3.32% | 2.56% | 1.03% | 3.58% | ||||
qoq | -10.64% | 3.70% | 5.26% | 2.67% | -7.26% | 4.73% | -0.04% | 0.53% | -1.62% | 4.95% | 0.12% | 1.71% | -0.43% | 9.01% | -0.59% | 2.15% | -5.22% | 4.37% | 3.17% | 2.60% | -4.35% | 4.38% | 3.91% | 2.50% | 1.84% | 5.03% | 0.93% | 3.32% | -2.76% | 3.55% | 0.94% | 2.18% | -2.62% | 6.74% | 7.78% | 2.37% | -2.10% | 2.91% | -0.76% | 3.35% | -2.82% | 1.37% | 1.74% | |
cost of sales | 787,900,000 | 890,400,000 | 871,200,000 | 859,300,000 | 807,500,000 | 874,100,000 | 827,500,000 | 799,100,000 | 816,300,000 | 846,700,000 | 809,600,000 | 815,300,000 | 807,800,000 | 833,500,000 | 767,600,000 | 779,800,000 | 744,700,000 | 787,500,000 | 732,200,000 | 718,900,000 | 688,000,000 | 737,900,000 | 675,800,000 | 634,700,000 | 633,200,000 | 620,200,000 | 581,700,000 | 597,900,000 | 573,900,000 | 600,100,000 | 577,500,000 | 573,000,000 | 554,500,000 | 551,700,000 | 529,400,000 | 487,600,000 | 477,900,000 | 488,000,000 | 475,100,000 | 469,400,000 | 470,000,000 | 476,200,000 | 476,000,000 | 474,000,000 |
gross profit | 681,400,000 | 753,800,000 | 714,400,000 | 647,000,000 | 659,600,000 | 707,900,000 | 683,100,000 | 712,100,000 | 687,000,000 | 681,300,000 | 646,300,000 | 638,900,000 | 622,000,000 | 602,500,000 | 549,700,000 | 545,300,000 | 552,500,000 | 581,200,000 | 579,200,000 | 552,200,000 | 550,900,000 | 557,400,000 | 565,200,000 | 559,600,000 | 532,000,000 | 524,000,000 | 507,700,000 | 481,500,000 | 470,800,000 | 474,300,000 | 460,100,000 | 454,900,000 | 451,500,000 | 481,400,000 | 438,500,000 | 410,400,000 | 399,300,000 | 408,000,000 | 395,600,000 | 408,000,000 | 379,000,000 | 397,400,000 | 385,800,000 | 373,100,000 |
yoy | 3.31% | 6.48% | 4.58% | -9.14% | -3.99% | 3.90% | 5.69% | 11.46% | 10.45% | 13.08% | 17.57% | 17.16% | 12.58% | 3.66% | -5.09% | -1.25% | 0.29% | 4.27% | 2.48% | -1.32% | 3.55% | 6.37% | 11.33% | 16.22% | 13.00% | 10.48% | 10.35% | 5.85% | 4.27% | -1.47% | 4.93% | 10.84% | 13.07% | 17.99% | 10.84% | 0.59% | 5.36% | 2.67% | 2.54% | 9.35% | ||||
qoq | -9.60% | 5.52% | 10.42% | -1.91% | -6.82% | 3.63% | -4.07% | 3.65% | 0.84% | 5.42% | 1.16% | 2.72% | 3.24% | 9.61% | 0.81% | -1.30% | -4.94% | 0.35% | 4.89% | 0.24% | -1.17% | -1.38% | 1.00% | 5.19% | 1.53% | 3.21% | 5.44% | 2.27% | -0.74% | 3.09% | 1.14% | 0.75% | -6.21% | 9.78% | 6.85% | 2.78% | -2.13% | 3.13% | -3.04% | 7.65% | -4.63% | 3.01% | 3.40% | |
gross margin % | 46.38% | 45.85% | 45.06% | 42.95% | 44.96% | 44.75% | 45.22% | 47.12% | 45.70% | 44.59% | 44.39% | 43.93% | 43.50% | 41.96% | 41.73% | 41.15% | 42.59% | 42.46% | 44.17% | 43.44% | 44.47% | 43.03% | 45.54% | 46.86% | 45.66% | 45.80% | 46.60% | 44.61% | 45.07% | 44.15% | 44.34% | 44.26% | 44.88% | 46.60% | 45.30% | 45.70% | 45.52% | 45.54% | 45.43% | 46.50% | 44.64% | 45.49% | 44.77% | 44.04% |
marketing expenses | 139,400,000 | 212,300,000 | 202,900,000 | 157,100,000 | 136,600,000 | 207,900,000 | 185,800,000 | 152,400,000 | 152,000,000 | 219,000,000 | 167,800,000 | 132,200,000 | 122,300,000 | 189,700,000 | 140,700,000 | 102,900,000 | 101,900,000 | 201,100,000 | 160,900,000 | 117,000,000 | 98,700,000 | 201,600,000 | 170,900,000 | 122,300,000 | 96,400,000 | 162,600,000 | 125,200,000 | 129,100,000 | 98,100,000 | 126,400,000 | 120,500,000 | 136,400,000 | 99,900,000 | 120,600,000 | 111,900,000 | 130,900,000 | 90,800,000 | 116,300,000 | 98,200,000 | 120,200,000 | 92,500,000 | 120,100,000 | 92,800,000 | 115,800,000 |
selling, general and administrative expenses | 251,000,000 | 275,500,000 | 256,900,000 | 228,200,000 | 227,700,000 | 243,300,000 | 231,700,000 | 222,800,000 | 230,000,000 | 246,200,000 | 222,700,000 | 213,100,000 | 207,800,000 | 611,200,000 | 155,100,000 | 180,800,000 | 169,900,000 | 203,700,000 | 116,900,000 | 136,500,000 | 149,600,000 | 165,200,000 | 120,500,000 | 186,600,000 | 121,000,000 | 166,200,000 | 165,700,000 | 165,000,000 | 131,900,000 | 154,500,000 | 135,400,000 | 144,700,000 | 131,300,000 | 146,100,000 | 127,900,000 | 156,300,000 | 112,400,000 | 118,300,000 | 101,400,000 | 112,500,000 | 107,000,000 | 108,100,000 | 102,400,000 | 115,000,000 |
income from operations | 291,000,000 | 266,000,000 | 254,600,000 | 261,700,000 | 295,300,000 | 256,700,000 | -91,500,000 | 336,900,000 | 305,000,000 | 216,100,000 | 255,800,000 | 293,600,000 | 291,900,000 | -198,400,000 | 253,900,000 | 261,600,000 | 280,700,000 | 176,400,000 | 301,400,000 | 298,700,000 | 302,600,000 | 190,600,000 | 273,800,000 | 250,700,000 | 314,600,000 | 195,200,000 | 216,800,000 | 187,400,000 | 240,800,000 | 193,400,000 | 204,200,000 | 173,800,000 | 220,300,000 | 214,700,000 | 198,700,000 | 123,200,000 | 196,100,000 | 173,400,000 | 196,000,000 | 175,300,000 | 179,500,000 | 169,200,000 | 190,600,000 | 142,300,000 |
yoy | -1.46% | 3.62% | -378.25% | -22.32% | -3.18% | 18.79% | -135.77% | 14.75% | 4.49% | -208.92% | 0.75% | 12.23% | 3.99% | -212.47% | -15.76% | -12.42% | -7.24% | -7.45% | 10.08% | 19.15% | -3.81% | -2.36% | 26.29% | 33.78% | 30.65% | 0.93% | 6.17% | 7.83% | 9.31% | -9.92% | 2.77% | 41.07% | 12.34% | 23.82% | 1.38% | -29.72% | 9.25% | 2.48% | 2.83% | 23.19% | ||||
qoq | 9.40% | 4.48% | -2.71% | -11.38% | 15.04% | -380.55% | -127.16% | 10.46% | 41.14% | -15.52% | -12.87% | 0.58% | -247.13% | -178.14% | -2.94% | -6.80% | 59.13% | -41.47% | 0.90% | -1.29% | 58.76% | -30.39% | 9.21% | -20.31% | 61.17% | -9.96% | 15.69% | -22.18% | 24.51% | -5.29% | 17.49% | -21.11% | 2.61% | 8.05% | 61.28% | -37.17% | 13.09% | -11.53% | 11.81% | -2.34% | 6.09% | -11.23% | 33.94% | |
operating margin % | 19.81% | 16.18% | 16.06% | 17.37% | 20.13% | 16.23% | -6.06% | 22.29% | 20.29% | 14.14% | 17.57% | 20.19% | 20.42% | -13.82% | 19.27% | 19.74% | 21.64% | 12.89% | 22.98% | 23.50% | 24.42% | 14.71% | 22.06% | 20.99% | 27.00% | 17.06% | 19.90% | 17.36% | 23.05% | 18.00% | 19.68% | 16.91% | 21.90% | 20.78% | 20.53% | 13.72% | 22.36% | 19.35% | 22.51% | 19.98% | 21.14% | 19.37% | 22.12% | 16.80% |
equity in earnings of affiliates | 2,300,000 | 1,300,000 | 2,200,000 | 2,800,000 | 1,600,000 | 1,900,000 | 3,000,000 | 3,100,000 | 1,100,000 | 600,000 | 1,700,000 | 2,000,000 | 4,400,000 | 2,300,000 | 3,700,000 | 3,900,000 | 2,400,000 | 2,000,000 | 2,000,000 | 2,800,000 | 2,600,000 | 1,200,000 | 1,900,000 | 2,000,000 | 1,600,000 | 1,100,000 | 2,100,000 | 1,700,000 | 1,700,000 | 2,200,000 | 2,500,000 | 2,400,000 | 2,100,000 | 1,975,000 | 2,700,000 | 3,100,000 | 2,100,000 | 1,675,000 | 2,500,000 | 2,500,000 | 1,700,000 | 2,600,000 | 3,100,000 | -13,800,000 |
interest income | 2,500,000 | 2,100,000 | 2,900,000 | 9,200,000 | 9,300,000 | 8,600,000 | 10,600,000 | |||||||||||||||||||||||||||||||||||||
interest expense | -24,000,000 | -24,600,000 | -23,800,000 | -23,500,000 | -23,300,000 | -23,400,000 | -23,400,000 | -23,200,000 | -25,000,000 | -27,000,000 | -27,200,000 | -27,900,000 | -28,800,000 | -30,000,000 | -23,700,000 | -19,300,000 | -16,600,000 | -13,000,000 | -13,400,000 | -14,100,000 | -14,000,000 | -14,000,000 | -13,900,000 | -16,800,000 | -16,300,000 | -18,000,000 | -18,900,000 | -18,900,000 | -17,800,000 | -19,700,000 | -19,400,000 | -20,200,000 | -20,100,000 | -18,700,000 | -16,400,000 | -9,300,000 | -8,200,000 | -7,000,000 | -6,800,000 | -7,100,000 | -6,800,000 | -7,600,000 | -7,400,000 | -7,900,000 |
other income | 800,000 | -56,700,000 | 300,000 | 300,000 | -800,000 | 9,300,000 | -100,000 | 3,700,000 | 3,000,000 | 5,500,000 | 3,700,000 | 1,700,000 | 1,300,000 | 200,000 | -900,000 | -300,000 | -1,200,000 | -700,000 | -300,000 | -100,000 | -1,000,000 | -300,000 | -200,000 | -600,000 | -1,200,000 | 300,000 | -100,000 | -100,000 | -800,000 | -300,000 | -700,000 | -2,100,000 | -800,000 | 1,200,000 | -500,000 | -200,000 | 300,000 | -100,000 | -1,700,000 | 400,000 | -800,000 | -1,600,000 | ||
income before income taxes | 272,600,000 | 188,100,000 | 236,200,000 | 250,500,000 | 282,100,000 | 253,100,000 | -101,400,000 | 320,500,000 | 284,100,000 | 195,200,000 | 234,000,000 | 269,400,000 | 268,800,000 | -223,900,000 | 234,500,000 | 246,500,000 | 266,200,000 | 164,100,000 | 289,300,000 | 287,300,000 | 291,000,000 | 176,900,000 | 261,500,000 | 236,000,000 | 299,400,000 | 177,700,000 | 200,600,000 | 170,300,000 | 225,100,000 | 176,100,000 | 187,300,000 | 155,400,000 | 200,700,000 | 198,700,000 | 187,000,000 | 116,800,000 | 190,200,000 | 169,500,000 | 192,400,000 | 171,000,000 | 173,000,000 | 164,900,000 | 185,700,000 | 119,500,000 |
income taxes | 56,300,000 | 44,600,000 | 54,000,000 | 59,500,000 | 62,000,000 | 63,900,000 | -26,300,000 | 77,000,000 | 56,400,000 | 41,500,000 | 56,500,000 | 48,200,000 | 65,600,000 | -59,200,000 | 47,400,000 | 59,400,000 | 61,800,000 | 6,000,000 | 58,900,000 | 69,000,000 | 70,300,000 | 26,700,000 | 45,300,000 | 46,300,000 | 69,600,000 | 33,300,000 | 43,300,000 | 31,800,000 | 49,400,000 | 33,300,000 | 41,000,000 | 33,700,000 | 42,900,000 | -206,900,000 | 53,600,000 | 43,900,000 | 58,700,000 | 59,100,000 | 68,400,000 | 59,400,000 | 60,000,000 | 55,800,000 | 65,300,000 | 45,800,000 |
net income | 216,300,000 | 143,500,000 | 182,200,000 | 191,000,000 | 220,100,000 | 189,200,000 | -75,100,000 | 243,500,000 | 227,700,000 | 153,700,000 | 177,500,000 | 221,200,000 | 203,200,000 | -164,700,000 | 187,100,000 | 187,100,000 | 204,400,000 | 158,100,000 | 230,400,000 | 218,300,000 | 220,700,000 | 150,200,000 | 216,200,000 | 189,700,000 | 229,800,000 | 144,400,000 | 157,300,000 | 138,500,000 | 175,700,000 | 142,800,000 | 146,300,000 | 121,700,000 | 157,800,000 | 405,600,000 | 133,400,000 | 72,900,000 | 131,500,000 | 110,400,000 | 124,000,000 | 111,600,000 | 113,000,000 | 109,100,000 | 120,400,000 | 73,700,000 |
yoy | -1.73% | -24.15% | -342.61% | -21.56% | -3.34% | 23.10% | -142.31% | 10.08% | 12.06% | -193.32% | -5.13% | 18.23% | -0.59% | -204.17% | -18.79% | -14.29% | -7.39% | 5.26% | 6.57% | 15.08% | -3.96% | 4.02% | 37.44% | 36.97% | 30.79% | 1.12% | 7.52% | 13.80% | 11.34% | -64.79% | 9.67% | 66.94% | 20.00% | 267.39% | 7.58% | -34.68% | 16.37% | 1.19% | 2.99% | 51.42% | ||||
qoq | 50.73% | -21.24% | -4.61% | -13.22% | 16.33% | -351.93% | -130.84% | 6.94% | 48.15% | -13.41% | -19.76% | 8.86% | -223.38% | -188.03% | 0.00% | -8.46% | 29.29% | -31.38% | 5.54% | -1.09% | 46.94% | -30.53% | 13.97% | -17.45% | 59.14% | -8.20% | 13.57% | -21.17% | 23.04% | -2.39% | 20.21% | -22.88% | -61.09% | 204.05% | 82.99% | -44.56% | 19.11% | -10.97% | 11.11% | -1.24% | 3.57% | -9.39% | 63.36% | |
net income margin % | 14.72% | 8.73% | 11.49% | 12.68% | 15.00% | 11.96% | -4.97% | 16.11% | 15.15% | 10.06% | 12.19% | 15.21% | 14.21% | -11.47% | 14.20% | 14.12% | 15.76% | 11.55% | 17.57% | 17.17% | 17.81% | 11.60% | 17.42% | 15.88% | 19.72% | 12.62% | 14.44% | 12.83% | 16.82% | 13.29% | 14.10% | 11.84% | 15.69% | 39.26% | 13.78% | 8.12% | 14.99% | 12.32% | 14.24% | 12.72% | 13.31% | 12.49% | 13.97% | 8.70% |
weighted-average shares outstanding - basic | 236,500,000 | 242,700,000 | 241,800,000 | 244,700,000 | 245,800,000 | 244,400,000 | 244,600,000 | 244,300,000 | 243,400,000 | 244,900,000 | 246,000,000 | 245,000,000 | 243,800,000 | 242,900,000 | 242,800,000 | 242,600,000 | 242,600,000 | 244,900,000 | 245,300,000 | 245,200,000 | 245,200,000 | 246,800,000 | 247,700,000 | 246,200,000 | 245,600,000 | 246,200,000 | 246,800,000 | 246,400,000 | 246,100,000 | 245,500,000 | 245,700,000 | 244,800,000 | 244,900,000 | 250,600,000 | 249,700,000 | 249,800,000 | 254,100,000 | 257,600,000 | 258,000,000 | 128,500,000 | 129,400,000 | 131,100,000 | 131,100,000 | 130,900,000 |
weighted-average shares outstanding - diluted | 238,100,000 | 244,300,000 | 243,200,000 | 246,400,000 | 248,000,000 | 246,900,000 | 244,600,000 | 247,000,000 | 246,100,000 | 247,600,000 | 248,700,000 | 247,900,000 | 246,800,000 | 246,300,000 | 246,000,000 | 246,400,000 | 246,700,000 | 249,600,000 | 249,800,000 | 250,000,000 | 249,800,000 | 252,200,000 | 253,300,000 | 251,300,000 | 251,000,000 | 252,100,000 | 252,900,000 | 252,700,000 | 251,900,000 | 250,700,000 | 251,100,000 | 249,300,000 | 250,000,000 | 256,100,000 | 255,300,000 | 255,600,000 | 259,700,000 | 262,100,000 | 262,700,000 | 130,900,000 | 131,800,000 | 133,600,000 | 133,600,000 | 133,400,000 |
net income per share | 0.91 | 0.61 | 0.75 | 0.78 | 0.9 | 0.77 | -0.31 | 1 | 0.94 | 0.63 | 0.72 | 0.9 | 0.83 | -0.68 | 0.77 | 0.77 | 0.84 | 0.65 | 0.94 | 0.89 | 0.9 | 0.6 | 0.87 | 0.77 | 0.94 | 0.59 | 0.64 | 0.56 | 0.71 | 0.58 | 0.6 | 0.5 | 0.64 | 1.63 | 0.53 | 0.29 | 0.52 | 0.43 | 0.48 | 0.87 | 0.87 | 0.84 | 0.92 | 0.56 |
cash dividends per share | 0.31 | 0.29 | 0.3 | 0.3 | 0.29 | 0.28 | 0.28 | 0.28 | 0.28 | 0.27 | 0.27 | 0.27 | 0.27 | 0.26 | 0.26 | 0.26 | 0.26 | 0.25 | 0.25 | 0.25 | 0.25 | 0.24 | 0.24 | 0.24 | 0.24 | 0.23 | 0.23 | 0.23 | 0.23 | 0.22 | 0.22 | 0.22 | 0.22 | 0.19 | 0.19 | 0.19 | 0.19 | 0.18 | 0.177 | 0.355 | 0.355 | 0.33 | 0.335 | 0.335 |
vms trade name and other asset impairments | ||||||||||||||||||||||||||||||||||||||||||||
tradename and other asset impairments | 89,275,000 | 357,100,000 | ||||||||||||||||||||||||||||||||||||||||||
investment earnings | 2,000,000 | 1,500,000 | 300,000 | 25,000 | 200,000 | -100,000 | 100,000 | 300,000 | 100,000 | 600,000 | 300,000 | 200,000 | 500,000 | 1,000,000 | 300,000 | 100,000 | 500,000 | 600,000 | 800,000 | 300,000 | 400,000 | 600,000 | 400,000 | 400,000 | 300,000 | 300,000 | 200,000 | 500,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 503,400,000 | 409,000,000 | 305,300,000 | 923,200,000 | 1,074,500,000 | 964,100,000 | 752,100,000 | 491,700,000 | 349,700,000 | 344,500,000 | 573,300,000 | 396,900,000 | 202,800,000 | 270,300,000 | 437,600,000 | 639,700,000 | 174,400,000 | 240,600,000 | 180,000,000 | 149,800,000 | 127,500,000 | 183,100,000 | 549,100,000 | 451,700,000 | 1,046,600,000 | 155,700,000 | 114,700,000 | 97,900,000 | 97,900,000 | 316,700,000 | 188,300,000 | 89,300,000 | 119,800,000 | 278,900,000 | 236,500,000 | 237,600,000 | 139,500,000 | 187,800,000 | 232,100,000 | 210,800,000 | 194,300,000 | 330,000,000 | 210,600,000 | 203,200,000 |
accounts receivable, less allowances | 576,600,000 | 593,400,000 | 605,700,000 | 611,000,000 | 597,500,000 | 600,800,000 | 555,300,000 | 587,900,000 | 545,400,000 | 526,900,000 | 460,900,000 | 460,900,000 | 429,300,000 | 422,000,000 | 391,300,000 | 405,800,000 | 407,100,000 | 405,500,000 | 407,000,000 | 386,200,000 | 405,800,000 | 398,800,000 | 372,800,000 | 344,500,000 | 353,500,000 | 356,400,000 | 384,400,000 | 383,700,000 | 384,600,000 | 345,300,000 | 361,500,000 | 348,600,000 | 361,100,000 | 345,900,000 | 377,900,000 | 303,800,000 | 305,200,000 | 287,000,000 | 265,300,000 | 278,900,000 | 277,000,000 | 276,200,000 | 330,700,000 | 340,400,000 |
inventories | 578,400,000 | 534,800,000 | 647,400,000 | 622,400,000 | 631,900,000 | 613,300,000 | 658,500,000 | 627,300,000 | 595,400,000 | 613,300,000 | 671,700,000 | 675,400,000 | 653,300,000 | 646,600,000 | 675,300,000 | 663,000,000 | 598,800,000 | 535,400,000 | 552,700,000 | 555,800,000 | 541,300,000 | 495,400,000 | 497,700,000 | 455,500,000 | 395,700,000 | 417,400,000 | 388,800,000 | 401,500,000 | 399,500,000 | 382,800,000 | 390,600,000 | 369,200,000 | 357,200,000 | 330,700,000 | 336,100,000 | 292,300,000 | 280,100,000 | 258,200,000 | 285,700,000 | 290,300,000 | 291,000,000 | 274,000,000 | 274,300,000 | 270,800,000 |
other current assets | 62,300,000 | 59,800,000 | 72,400,000 | 73,200,000 | 54,900,000 | 62,400,000 | 50,800,000 | 48,300,000 | 43,800,000 | 45,000,000 | 38,700,000 | 43,200,000 | 49,500,000 | 57,000,000 | 60,200,000 | 42,200,000 | 41,500,000 | 51,900,000 | 37,100,000 | 36,900,000 | 37,200,000 | 35,100,000 | 24,900,000 | 25,000,000 | 33,000,000 | 26,900,000 | 20,900,000 | 42,800,000 | 31,700,000 | 33,400,000 | 19,900,000 | 63,300,000 | 53,300,000 | 44,700,000 | 52,700,000 | 43,500,000 | 29,700,000 | 23,800,000 | 21,400,000 | 37,900,000 | 23,200,000 | 25,800,000 | 21,800,000 | 19,700,000 |
total current assets | 1,720,700,000 | 1,597,000,000 | 1,630,800,000 | 2,229,800,000 | 2,358,800,000 | 2,240,600,000 | 2,016,700,000 | 1,755,200,000 | 1,534,300,000 | 1,529,700,000 | 1,744,600,000 | 1,576,400,000 | 1,334,900,000 | 1,395,900,000 | 1,564,400,000 | 1,750,700,000 | 1,221,800,000 | 1,233,400,000 | 1,176,800,000 | 1,128,700,000 | 1,111,800,000 | 1,112,400,000 | 1,444,500,000 | 1,276,700,000 | 1,828,800,000 | 956,400,000 | 908,800,000 | 925,900,000 | 913,700,000 | 1,078,200,000 | 960,300,000 | 870,400,000 | 891,400,000 | 1,000,200,000 | 1,003,200,000 | 877,200,000 | 754,500,000 | 756,800,000 | 804,500,000 | 817,900,000 | 785,500,000 | 906,000,000 | 851,700,000 | 848,100,000 |
property, plant and equipment | 823,900,000 | 822,800,000 | 938,100,000 | 923,500,000 | 928,900,000 | 931,700,000 | 915,300,000 | 943,600,000 | 939,200,000 | 927,700,000 | 862,400,000 | 802,400,000 | 772,200,000 | 761,100,000 | 716,300,000 | 660,600,000 | 653,200,000 | 652,700,000 | 615,800,000 | 613,000,000 | 611,700,000 | 612,800,000 | 579,500,000 | 568,700,000 | 566,700,000 | 573,000,000 | 553,100,000 | 559,000,000 | 558,800,000 | 598,200,000 | 587,900,000 | 593,100,000 | 600,600,000 | 607,700,000 | 601,800,000 | 573,200,000 | 578,900,000 | 588,600,000 | 592,700,000 | 594,600,000 | 601,100,000 | 609,600,000 | 610,000,000 | 615,500,000 |
equity investment in affiliates | 12,300,000 | 10,300,000 | 10,900,000 | 11,300,000 | 10,900,000 | 11,100,000 | 12,000,000 | 12,800,000 | 12,300,000 | 12,000,000 | 13,600,000 | 14,700,000 | 13,800,000 | 12,700,000 | 11,900,000 | 12,200,000 | 10,800,000 | 9,100,000 | 9,000,000 | 9,900,000 | 9,900,000 | 9,100,000 | 9,400,000 | 10,600,000 | 10,000,000 | 9,700,000 | 10,200,000 | 10,300,000 | 9,400,000 | 8,500,000 | 8,800,000 | 9,400,000 | 9,400,000 | 9,300,000 | 8,500,000 | 9,500,000 | 8,200,000 | 8,500,000 | 8,000,000 | 9,100,000 | 8,000,000 | 8,400,000 | 7,900,000 | 8,800,000 |
trade names and other intangibles | 3,477,200,000 | 3,511,500,000 | 3,545,900,000 | 2,816,200,000 | 2,860,000,000 | 2,888,500,000 | 2,919,700,000 | 3,244,700,000 | 3,271,100,000 | 3,302,300,000 | 3,338,200,000 | 3,369,800,000 | 3,400,600,000 | 3,431,600,000 | 3,404,100,000 | 3,434,600,000 | 3,464,700,000 | 3,494,300,000 | 3,018,800,000 | 3,049,200,000 | 3,079,400,000 | 3,110,200,000 | 2,674,100,000 | 2,697,900,000 | 2,721,600,000 | 2,750,000,000 | 2,777,300,000 | 2,803,800,000 | 2,256,300,000 | 2,274,000,000 | 2,294,200,000 | 2,311,900,000 | 2,331,100,000 | 2,320,500,000 | 2,151,900,000 | 1,561,800,000 | 1,538,100,000 | 1,431,800,000 | 1,353,200,000 | 1,364,400,000 | 1,375,800,000 | 1,269,500,000 | 1,279,500,000 | 1,290,700,000 |
goodwill | 2,629,400,000 | 2,627,500,000 | 2,641,000,000 | 2,433,200,000 | 2,433,200,000 | 2,433,200,000 | 2,433,300,000 | 2,432,600,000 | 2,431,500,000 | 2,431,500,000 | 2,431,500,000 | 2,430,300,000 | 2,430,300,000 | 2,426,800,000 | 2,270,700,000 | 2,270,700,000 | 2,273,800,000 | 2,274,500,000 | 2,230,600,000 | 2,229,800,000 | 2,229,600,000 | 2,229,600,000 | 2,078,200,000 | 2,078,200,000 | 2,078,200,000 | 2,079,500,000 | 2,079,500,000 | 2,079,500,000 | 1,992,900,000 | 1,992,900,000 | 1,992,900,000 | 1,992,900,000 | 1,991,500,000 | 1,958,900,000 | 2,072,600,000 | 1,534,700,000 | 1,481,300,000 | 1,444,100,000 | 1,406,100,000 | 1,406,300,000 | 1,407,100,000 | 1,354,900,000 | 1,354,300,000 | 1,354,400,000 |
other assets | 343,000,000 | 343,300,000 | 377,700,000 | 374,200,000 | 364,100,000 | 378,000,000 | 369,200,000 | 373,200,000 | 373,100,000 | 366,000,000 | 311,900,000 | 317,400,000 | 314,800,000 | 317,500,000 | 320,400,000 | 316,000,000 | 316,900,000 | 332,500,000 | 331,000,000 | 337,900,000 | 338,500,000 | 340,400,000 | 291,300,000 | 286,900,000 | 280,600,000 | 288,800,000 | 281,200,000 | 284,100,000 | 229,500,000 | 117,400,000 | 123,200,000 | 121,700,000 | 118,900,000 | 118,200,000 | 114,800,000 | 110,600,000 | 126,800,000 | 124,300,000 | 118,200,000 | 117,900,000 | 114,800,000 | 108,500,000 | 114,400,000 | 110,700,000 |
total assets | 9,006,500,000 | 8,912,400,000 | 9,144,400,000 | 8,788,200,000 | 8,955,900,000 | 8,883,100,000 | 8,666,200,000 | 8,762,100,000 | 8,561,500,000 | 8,569,200,000 | 8,702,200,000 | 8,511,000,000 | 8,266,600,000 | 8,345,600,000 | 8,287,800,000 | 8,444,800,000 | 7,941,200,000 | 7,996,500,000 | 7,382,000,000 | 7,368,500,000 | 7,380,900,000 | 7,414,500,000 | 7,077,000,000 | 6,919,000,000 | 7,485,900,000 | 6,657,400,000 | 6,610,100,000 | 6,662,600,000 | 5,960,600,000 | 6,069,200,000 | 5,967,300,000 | 5,899,400,000 | 5,942,900,000 | 6,014,800,000 | 5,952,800,000 | 4,667,000,000 | 4,487,800,000 | 4,354,100,000 | 4,282,700,000 | 4,310,200,000 | 4,292,300,000 | 4,256,900,000 | 4,217,800,000 | 4,228,200,000 |
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 729,900,000 | 732,400,000 | 772,700,000 | 703,000,000 | 701,200,000 | 705,100,000 | 705,900,000 | 673,200,000 | 647,400,000 | 630,600,000 | 691,800,000 | 677,700,000 | ||||||||||||||||||||||||||||||||
accrued expenses and other liabilities | 452,700,000 | 583,000,000 | 549,700,000 | 498,200,000 | 460,000,000 | 605,500,000 | 529,600,000 | 460,800,000 | 453,500,000 | 580,400,000 | 485,900,000 | 432,400,000 | ||||||||||||||||||||||||||||||||
business acquisition and divestiture liabilities | 197,200,000 | |||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 33,600,000 | 3,400,000 | 8,700,000 | 7,400,000 | 46,800,000 | 5,300,000 | 7,700,000 | 9,600,000 | 46,200,000 | 7,200,000 | 6,900,000 | 7,700,000 | 58,400,000 | 7,000,000 | 15,300,000 | 7,200,000 | 59,700,000 | 3,300,000 | 7,400,000 | 14,500,000 | 66,700,000 | 12,700,000 | 14,500,000 | 88,500,000 | 55,900,000 | 7,500,000 | 14,100,000 | 4,400,000 | 36,700,000 | 2,900,000 | 19,000,000 | 8,700,000 | 42,700,000 | 5,000,000 | 1,200,000 | 800,000 | 45,500,000 | 6,200,000 | 10,100,000 | 1,600,000 | 40,500,000 | 7,200,000 | 21,700,000 | 4,600,000 |
total current liabilities | 1,413,400,000 | 1,497,700,000 | 1,501,100,000 | 1,208,600,000 | 1,208,000,000 | 1,315,900,000 | 1,246,600,000 | 1,149,700,000 | 1,151,100,000 | 1,422,000,000 | 1,188,400,000 | 1,121,800,000 | 1,126,900,000 | 1,183,800,000 | 1,450,600,000 | 1,726,800,000 | 1,871,600,000 | 2,075,200,000 | 1,584,400,000 | 1,376,100,000 | 1,274,300,000 | 1,388,600,000 | 971,900,000 | 996,600,000 | 1,769,000,000 | 1,092,300,000 | 1,142,100,000 | 1,184,700,000 | 1,133,300,000 | 1,326,300,000 | 1,027,400,000 | 1,100,800,000 | 1,230,700,000 | 935,000,000 | 952,600,000 | 1,211,700,000 | 1,166,800,000 | 1,001,900,000 | 785,800,000 | 926,900,000 | 1,012,800,000 | 872,700,000 | 783,000,000 | 885,500,000 |
long-term debt | 2,205,700,000 | 2,205,100,000 | 2,204,500,000 | 2,205,800,000 | 2,205,200,000 | 2,204,600,000 | 2,208,200,000 | 2,207,600,000 | 2,202,800,000 | 2,202,200,000 | 2,401,500,000 | 2,400,900,000 | 2,400,100,000 | 2,599,500,000 | 2,104,400,000 | 2,103,900,000 | 1,611,200,000 | 1,610,700,000 | 1,214,800,000 | 1,513,800,000 | 1,813,100,000 | 1,812,500,000 | 1,811,900,000 | 1,811,400,000 | 1,810,800,000 | 1,810,200,000 | 1,809,600,000 | 1,809,000,000 | 1,509,400,000 | 1,508,800,000 | 1,803,500,000 | 1,802,600,000 | 1,802,100,000 | 2,103,400,000 | 2,104,100,000 | 894,100,000 | 692,900,000 | 693,400,000 | 699,100,000 | 700,700,000 | 699,800,000 | 692,800,000 | 706,000,000 | 700,100,000 |
deferred income taxes | 891,600,000 | 886,900,000 | 884,200,000 | 653,300,000 | 664,900,000 | 669,200,000 | 658,600,000 | 742,400,000 | 744,100,000 | 743,100,000 | 753,100,000 | 754,000,000 | 755,800,000 | 757,000,000 | 738,900,000 | 746,900,000 | 738,000,000 | 745,100,000 | 747,700,000 | 732,300,000 | 722,500,000 | 707,300,000 | 599,900,000 | 582,200,000 | 580,200,000 | 579,600,000 | 578,200,000 | 580,600,000 | 580,500,000 | 576,400,000 | 572,600,000 | 567,200,000 | 565,400,000 | 561,200,000 | 753,200,000 | 524,700,000 | 521,000,000 | 512,200,000 | 507,600,000 | 499,900,000 | 491,400,000 | 484,800,000 | 14,300,000 | 14,000,000 |
deferred and other long-term liabilities | 309,800,000 | 320,500,000 | 331,600,000 | 326,800,000 | 326,800,000 | 324,600,000 | 326,400,000 | 324,100,000 | 330,000,000 | 313,700,000 | 270,200,000 | 281,300,000 | 274,100,000 | 273,400,000 | 272,100,000 | 278,800,000 | 283,500,000 | 298,300,000 | 301,500,000 | 349,100,000 | 339,800,000 | 367,700,000 | 363,000,000 | 359,000,000 | 343,100,000 | 315,500,000 | 321,900,000 | 296,500,000 | 238,100,000 | 203,900,000 | 210,400,000 | 207,700,000 | 201,400,000 | 197,200,000 | 189,800,000 | 188,200,000 | 171,400,000 | 168,700,000 | 145,000,000 | 145,500,000 | 142,500,000 | 158,300,000 | 157,000,000 | 159,400,000 |
total liabilities | 4,820,500,000 | 4,910,200,000 | 4,921,400,000 | 4,394,500,000 | 4,404,900,000 | 4,522,300,000 | 4,472,500,000 | 4,456,600,000 | 4,460,800,000 | 4,713,800,000 | 4,651,700,000 | 4,600,000,000 | 4,598,900,000 | 4,855,700,000 | 4,600,000,000 | 4,890,400,000 | 4,538,300,000 | 4,763,300,000 | 3,868,400,000 | 3,991,300,000 | 4,169,700,000 | 4,394,100,000 | 3,866,700,000 | 3,920,200,000 | 4,668,100,000 | 3,989,600,000 | 4,050,800,000 | 4,057,800,000 | 3,461,300,000 | 3,615,400,000 | 3,613,900,000 | 3,678,300,000 | 3,799,600,000 | 3,796,800,000 | 3,999,700,000 | 2,818,700,000 | 2,552,100,000 | 2,376,200,000 | 2,162,700,000 | 2,298,300,000 | 2,372,000,000 | 2,233,700,000 | 2,168,200,000 | 2,256,600,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1.00 par value, authorized 2,500,000 shares; none issued | ||||||||||||||||||||||||||||||||||||||||||||
common stock | 293,700,000 | 293,700,000 | 293,700,000 | 293,700,000 | 293,700,000 | 293,700,000 | 293,700,000 | 293,700,000 | 293,700,000 | 293,700,000 | 293,700,000 | 293,700,000 | 293,700,000 | 293,700,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 292,800,000 | 146,400,000 | 146,400,000 | 146,400,000 | 146,400,000 | 146,400,000 |
additional paid-in capital | 654,100,000 | 625,100,000 | 619,600,000 | 572,500,000 | 590,300,000 | 563,100,000 | 534,700,000 | 518,700,000 | 498,300,000 | 454,800,000 | 441,400,000 | 422,600,000 | 394,000,000 | 366,200,000 | 355,900,000 | 350,100,000 | 334,200,000 | 310,300,000 | 327,900,000 | 320,500,000 | 306,200,000 | 274,400,000 | 302,000,000 | 302,800,000 | 295,700,000 | 295,500,000 | 293,600,000 | 288,300,000 | 281,300,000 | 280,800,000 | 280,300,000 | 271,800,000 | 260,400,000 | 264,600,000 | 260,500,000 | 258,100,000 | 249,400,000 | 251,400,000 | 248,800,000 | 389,800,000 | 381,000,000 | 376,400,000 | 374,100,000 | 371,300,000 |
retained earnings | 6,911,500,000 | 6,768,200,000 | 6,696,000,000 | 6,585,400,000 | 6,467,200,000 | 6,319,700,000 | 6,200,900,000 | 6,345,200,000 | 6,170,800,000 | 6,012,300,000 | 5,925,900,000 | 5,815,300,000 | 5,661,200,000 | 5,524,600,000 | 5,753,400,000 | 5,630,100,000 | 5,506,700,000 | 5,366,000,000 | 5,269,600,000 | 5,101,200,000 | 4,944,800,000 | 4,786,000,000 | 4,695,400,000 | 4,538,800,000 | 4,408,200,000 | 4,237,400,000 | 4,148,900,000 | 4,047,800,000 | 3,965,400,000 | 3,832,600,000 | 3,743,500,000 | 3,650,600,000 | 3,582,100,000 | 3,479,000,000 | 3,120,600,000 | 3,034,700,000 | 3,009,100,000 | 2,926,000,000 | 2,861,200,000 | 2,782,900,000 | 2,716,900,000 | 2,650,000,000 | 2,584,800,000 | 2,508,300,000 |
accumulated other comprehensive loss | -16,600,000 | -19,900,000 | -20,000,000 | -18,400,000 | -26,100,000 | -30,900,000 | -18,200,000 | -29,100,000 | -29,300,000 | -27,200,000 | -29,400,000 | -27,800,000 | -26,200,000 | -29,300,000 | -46,100,000 | -47,100,000 | -53,200,000 | -68,200,000 | -60,900,000 | -65,800,000 | -54,600,000 | -77,600,000 | -90,800,000 | -98,300,000 | -99,400,000 | -66,700,000 | -80,700,000 | -68,400,000 | -59,500,000 | -53,600,000 | -42,900,000 | -49,300,000 | -33,700,000 | -36,400,000 | -35,500,000 | -41,300,000 | -56,500,000 | -63,800,000 | -51,800,000 | -50,000,000 | -42,700,000 | -45,900,000 | -44,900,000 | -34,100,000 |
common stock in treasury, at cost: 56,818,945 shares as of march 31, 2026 and 57,156,105 shares as of december 31, 2025 | -3,656,700,000 | |||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 4,186,000,000 | 4,002,200,000 | 4,223,000,000 | 4,393,700,000 | 4,551,000,000 | 4,360,800,000 | 4,193,700,000 | 4,305,500,000 | 4,100,700,000 | 3,855,400,000 | 4,050,500,000 | 3,911,000,000 | 3,667,700,000 | 3,489,900,000 | 3,687,800,000 | 3,554,400,000 | 3,402,900,000 | 3,233,200,000 | 3,513,600,000 | 3,377,200,000 | 3,211,200,000 | 3,020,400,000 | 3,210,300,000 | 2,998,800,000 | 2,817,800,000 | 2,667,800,000 | 2,559,300,000 | 2,604,800,000 | 2,499,300,000 | 2,453,800,000 | 2,353,400,000 | 2,221,100,000 | 2,143,300,000 | 2,218,000,000 | 1,953,100,000 | 1,848,300,000 | 1,935,700,000 | 1,977,900,000 | 2,120,000,000 | 2,011,900,000 | 1,920,300,000 | 2,023,200,000 | 2,049,600,000 | 1,971,600,000 |
total liabilities and stockholders' equity | 9,006,500,000 | 9,144,400,000 | 8,788,200,000 | 8,955,900,000 | 8,666,200,000 | 8,762,100,000 | 8,561,500,000 | 8,702,200,000 | 8,511,000,000 | 8,266,600,000 | 8,287,800,000 | 8,444,800,000 | 7,941,200,000 | 7,382,000,000 | 7,368,500,000 | 7,380,900,000 | 7,077,000,000 | 6,919,000,000 | 7,485,900,000 | 6,610,100,000 | 6,662,600,000 | 5,960,600,000 | 5,967,300,000 | 5,899,400,000 | 5,942,900,000 | |||||||||||||||||||
business acquisition liabilities | 178,900,000 | 170,000,000 | 8,000,000 | 32,700,000 | 32,800,000 | 32,800,000 | 32,800,000 | 38,500,000 | 42,000,000 | 42,000,000 | 42,000,000 | 34,000,000 | 34,000,000 | 34,000,000 | 34,000,000 | 20,000,000 | 41,000,000 | 79,000,000 | 118,000,000 | 120,000,000 | 171,000,000 | 165,000,000 | 192,000,000 | 199,000,000 | 187,000,000 | |||||||||||||||||||
common stock in treasury, at cost: 57,156,105 shares as of december 31, 2025 and 47,830,141 shares as of december 31, 2024 | -3,664,900,000 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 8,912,400,000 | 8,883,100,000 | 8,569,200,000 | 8,345,600,000 | 7,996,500,000 | 7,414,500,000 | 6,657,400,000 | 6,069,200,000 | 6,014,800,000 | 5,952,800,000 | 4,667,000,000 | 4,487,800,000 | 4,354,100,000 | 4,282,700,000 | 4,310,200,000 | 4,292,300,000 | 4,256,900,000 | 4,217,800,000 | 4,228,200,000 | |||||||||||||||||||||||||
common stock in treasury, at cost: 53,610,212 shares as of september 30, 2025 and 47,830,141 shares as of december 31, 2024 | -3,366,300,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 50,151,459 shares as of june 30, 2025 and 47,830,141 shares as of december 31, 2024 | -3,039,500,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,481,238 shares as of march 31, 2025 and 47,830,141 shares as of december 31, 2024 | -2,774,100,000 | |||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | 3,400,000 | 6,100,000 | 4,000,000 | 3,900,000 | 3,800,000 | 4,000,000 | 18,700,000 | 74,000,000 | 3,300,000 | 3,300,000 | 103,000,000 | 252,800,000 | 279,700,000 | 233,100,000 | 282,200,000 | 351,400,000 | 1,600,000 | 65,800,000 | 971,900,000 | 252,900,000 | 74,000,000 | 111,600,000 | 99,800,000 | 1,800,000 | 1,700,000 | 110,800,000 | 253,500,000 | 270,900,000 | 317,200,000 | 629,300,000 | 585,700,000 | 426,800,000 | 230,600,000 | 381,600,000 | 451,300,000 | 357,200,000 | 25,000,000 | 123,600,000 | ||||||
current portion of long-term debt | 199,900,000 | 400,000,000 | 699,900,000 | 699,700,000 | 699,400,000 | 299,600,000 | 200,000,000 | 299,600,000 | 299,000,000 | 297,700,000 | 596,500,000 | 299,700,000 | 299,500,000 | 299,200,000 | 250,000,000 | 250,000,000 | ||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,830,141 shares as of december 31, 2024 and 50,557,219 shares as of december 31, 2023 | -2,784,800,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 48,777,196 shares as of september 30, 2024 and 50,557,219 shares as of december 31, 2023 | -2,817,400,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 48,938,056 shares as of june 30, 2024 and 50,557,219 shares as of december 31, 2023 | -2,823,000,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 49,241,423 shares as of march 31, 2024 and 50,557,219 shares as of december 31, 2023 | -2,832,800,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 50,557,219 shares as of december 31, 2023 and 49,814,106 shares as of december 31, 2022 | -2,878,200,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,369,452 shares as of september 30, 2023 and 49,814,106 shares as of december 31, 2022 | -2,581,100,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,710,884 shares as of june 30, 2023 and 49,814,106 shares as of december 31, 2022 | -2,592,800,000 | |||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 1,049,800,000 | 1,102,800,000 | 1,032,000,000 | 1,016,400,000 | 1,009,200,000 | 1,119,700,000 | 997,700,000 | 887,500,000 | 846,400,000 | 1,024,500,000 | 955,800,000 | 842,300,000 | 741,200,000 | 831,900,000 | 754,400,000 | 769,700,000 | 699,100,000 | 725,100,000 | 707,000,000 | 681,800,000 | 635,300,000 | 659,100,000 | 634,200,000 | 581,600,000 | 535,600,000 | 568,900,000 | 545,100,000 | 543,700,000 | 521,000,000 | 508,300,000 | 486,300,000 | 507,300,000 | ||||||||||||
common stock in treasury, at cost: 49,515,884 shares as of march 31, 2023 and 49,814,106 shares as of december 31, 2022 | -2,655,000,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 49,814,106 shares as of december 31, 2022 and 50,309,124 shares as of december 31, 2021 | -2,665,300,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 49,896,366 shares as of september 30, 2022 and 50,309,124 shares as of december 31, 2021 | -2,668,200,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 49,992,986 shares as of june 30, 2022 and 50,309,124 shares as of december 31, 2021 | -2,671,500,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 50,170,441 shares as of march 31, 2022 and 50,309,124 shares as of december 31, 2021 | -2,677,600,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 50,309,124 shares as of december 31, 2021 and 47,494,982 shares as of december 31, 2020 | -2,667,700,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,857,411 shares as of september 30, 2021 and 47,494,982 shares as of december 31, 2020 | -2,315,800,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,502,732 shares as of june 30, 2021 and 47,494,982 shares as of december 31, 2020 | -2,271,500,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,693,582 shares as of march 31, 2021 and 47,494,982 shares as of december 31, 2020 | -2,278,000,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,494,982 shares as of december 31, 2020 and 47,439,300 shares as of december 31, 2019 | -2,255,200,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 44,477,807 shares as of september 30, 2020 and 47,439,300 shares as of december 31, 2019 | -1,989,100,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 45,874,148 shares as of june 30, 2020 and 47,439,300 shares as of december 31, 2019 | -2,037,300,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,099,092 shares as of march 31, 2020 and 47,439,300 shares as of december 31, 2019 | -2,079,500,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,439,300 shares as of december 31, 2019 and 45,969,515 shares as of december 31, 2018 | -2,091,200,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,559,052 shares as of september 30, 2019 and 45,969,515 shares as of december 31, 2018 | -2,095,300,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 45,894,992 shares as of june 30, 2019 and 45,969,515 shares as of december 31, 2018 | -1,955,700,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 46,789,017 shares as of march 31, 2019 and 45,969,515 shares as of december 31, 2018 | -1,980,700,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 45,969,515 shares as of december 31, 2018 and 45,225,202 shares as of december 31, 2017 | -1,898,800,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 46,834,608 shares in 2018 and 45,225,202 shares in 2017 | -1,920,300,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 47,815,947 shares in 2018 and 45,225,202 shares in 2017 | -1,944,800,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 48,365,737 shares in 2018 and 45,225,202 shares in 2017 | -1,958,300,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 45,225,202 shares in 2017 and 38,892,165 shares in 2016 | -1,782,000,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 43,139,723 shares in 2017 and 38,892,165 shares in 2016 | -1,685,300,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 43,571,217 shares in 2017 and 38,892,165 shares in 2016 | -1,696,000,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 40,959,593 shares in 2017 and 38,892,165 shares in 2016 | -1,559,100,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 38,892,165 shares in 2016 and 32,947,012 shares in 2015 | -1,428,500,000 | |||||||||||||||||||||||||||||||||||||||||||
pension, postretirement and postemployment benefits | 25,200,000 | 25,300,000 | 25,500,000 | 25,100,000 | 27,100,000 | 27,500,000 | ||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 34,496,480 shares in 2016 and 32,947,012 shares in 2015 | -1,231,000,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 17,774,983 shares in 2016 and 16,473,506 shares in 2015 | -1,257,200,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 18,258,130 shares in 2016 and 16,473,506 shares in 2015 | -1,281,300,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 16,473,506 shares in 2015 and 13,075,944 shares in 2014 | -1,103,700,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 15,434,991 shares in 2015 and 13,075,944 shares in 2014 | -1,010,800,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost: 15,626,311 shares in 2015 and 13,075,944 shares in 2014 | -1,020,300,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flow from operating activities | |||||||||||||||||||||||||||||||||||||||||||
net income | 216,300,000 | 143,500,000 | 182,200,000 | 191,000,000 | 220,100,000 | 189,200,000 | -75,100,000 | 243,500,000 | 227,700,000 | 153,700,000 | 177,500,000 | 221,200,000 | 203,200,000 | -164,700,000 | 187,100,000 | 187,100,000 | 204,400,000 | 158,100,000 | 230,400,000 | 218,300,000 | 220,700,000 | 150,200,000 | 216,200,000 | 189,700,000 | 229,800,000 | 144,400,000 | 157,300,000 | 138,500,000 | 175,700,000 | 142,800,000 | 146,300,000 | 121,700,000 | 157,800,000 | 405,600,000 | 133,400,000 | 72,900,000 | 131,500,000 | 110,400,000 | 124,000,000 | 111,600,000 | 113,000,000 | 109,100,000 | 120,400,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||
depreciation expense | 21,600,000 | 22,300,000 | 22,300,000 | 22,500,000 | 22,600,000 | 23,400,000 | 21,000,000 | 20,400,000 | 18,400,000 | 20,000,000 | 18,200,000 | 17,700,000 | 16,900,000 | 16,900,000 | 16,700,000 | 16,800,000 | 16,600,000 | 17,100,000 | 17,200,000 | 17,300,000 | 16,800,000 | 17,800,000 | 16,400,000 | 16,000,000 | 16,000,000 | 15,900,000 | 16,000,000 | 16,100,000 | 15,800,000 | 16,800,000 | 16,200,000 | 15,000,000 | 16,400,000 | 15,800,000 | 15,400,000 | 14,900,000 | 14,800,000 | 14,700,000 | 14,300,000 | 14,700,000 | 16,000,000 | 14,200,000 | 14,500,000 |
amortization expense | 41,300,000 | 43,500,000 | 41,800,000 | 34,100,000 | 38,300,000 | 38,300,000 | 39,200,000 | 39,200,000 | 39,200,000 | 38,300,000 | 38,000,000 | 38,100,000 | 38,000,000 | 41,500,000 | 36,600,000 | 36,800,000 | 37,100,000 | 37,100,000 | 37,400,000 | 38,100,000 | 38,100,000 | 33,000,000 | 30,100,000 | 30,200,000 | 30,200,000 | 30,600,000 | 31,000,000 | 28,200,000 | 22,800,000 | 18,900,000 | 19,300,000 | 19,200,000 | 19,300,000 | 18,000,000 | 17,000,000 | 15,000,000 | 14,500,000 | 12,700,000 | 11,500,000 | 11,800,000 | 11,900,000 | 10,500,000 | 10,400,000 |
deferred income taxes | 4,500,000 | 4,300,000 | 44,500,000 | -9,300,000 | -3,500,000 | 10,000,000 | -84,600,000 | -6,200,000 | -1,200,000 | -7,800,000 | -4,100,000 | -300,000 | -1,600,000 | -105,000,000 | -15,100,000 | 3,400,000 | -1,000,000 | -12,500,000 | 11,900,000 | 12,800,000 | 8,100,000 | -2,300,000 | 16,600,000 | 3,300,000 | 8,100,000 | -500,000 | 100,000 | 3,200,000 | 2,800,000 | 6,600,000 | 3,300,000 | 3,700,000 | -2,500,000 | -269,900,000 | 21,000,000 | 1,900,000 | 9,400,000 | 5,100,000 | 5,600,000 | 6,600,000 | 7,600,000 | 3,600,000 | 9,800,000 |
equity in net earnings of affiliates | -2,300,000 | -1,300,000 | -2,200,000 | -2,800,000 | -1,600,000 | -1,900,000 | -3,000,000 | -3,100,000 | -1,100,000 | -600,000 | -1,700,000 | -2,000,000 | -4,400,000 | -2,300,000 | -3,700,000 | -3,900,000 | -2,400,000 | -2,000,000 | -2,000,000 | -2,800,000 | -2,600,000 | -1,200,000 | -1,900,000 | -2,000,000 | -1,600,000 | -1,100,000 | -2,100,000 | -1,700,000 | -1,700,000 | -2,200,000 | -2,500,000 | -2,400,000 | -2,100,000 | -2,900,000 | -2,700,000 | -3,100,000 | -2,100,000 | -2,500,000 | -2,500,000 | -2,500,000 | -1,700,000 | -2,600,000 | -3,500,000 |
distributions from unconsolidated affiliates | 200,000 | 2,000,000 | 2,500,000 | 2,500,000 | 1,800,000 | 1,700,000 | 3,900,000 | 2,500,000 | 800,000 | 2,300,000 | 2,800,000 | 1,100,000 | 3,300,000 | 1,500,000 | 4,000,000 | 2,400,000 | 800,000 | 1,900,000 | 3,000,000 | 2,800,000 | 1,700,000 | 1,600,000 | 3,100,000 | 1,400,000 | 1,300,000 | 1,500,000 | 2,200,000 | 900,000 | 700,000 | 2,500,000 | 3,200,000 | 2,300,000 | 2,100,000 | 2,100,000 | 3,700,000 | 1,800,000 | 2,500,000 | 1,900,000 | 3,700,000 | 1,400,000 | 2,000,000 | 2,200,000 | 4,400,000 |
non-cash compensation expense | 25,700,000 | 13,800,000 | 14,000,000 | 9,500,000 | 20,700,000 | 8,600,000 | 10,400,000 | 11,300,000 | 28,900,000 | 12,100,000 | 12,000,000 | 13,700,000 | 25,800,000 | 10,300,000 | 4,100,000 | 15,000,000 | 2,900,000 | 3,400,000 | 3,500,000 | 13,700,000 | 3,100,000 | 2,800,000 | 2,900,000 | 13,100,000 | 2,700,000 | 3,100,000 | 2,700,000 | 12,600,000 | 2,400,000 | 3,500,000 | 3,900,000 | 12,800,000 | 3,100,000 | 3,200,000 | 2,600,000 | 10,300,000 | 2,000,000 | 1,900,000 | 1,800,000 | 6,500,000 | 5,800,000 | 1,900,000 | 1,800,000 |
asset impairment charge and other asset write-offs | 1,700,000 | 1,400,000 | 4,800,000 | -100,000 | 1,300,000 | 500,000 | |||||||||||||||||||||||||||||||||||||
other | -200,000 | -5,300,000 | -7,100,000 | 5,600,000 | 100,000 | -13,300,000 | 2,000,000 | 2,400,000 | 2,700,000 | -2,300,000 | 1,700,000 | -800,000 | 1,000,000 | -1,700,000 | 1,800,000 | -1,800,000 | -1,500,000 | -2,200,000 | 2,000,000 | 2,100,000 | 1,700,000 | 900,000 | -200,000 | -500,000 | 2,100,000 | -6,600,000 | 3,200,000 | 4,200,000 | -700,000 | 700,000 | 1,600,000 | -300,000 | -1,000,000 | -900,000 | -400,000 | -900,000 | 500,000 | -2,100,000 | 0 | -600,000 | 900,000 | 600,000 | 4,300,000 |
subtotal | 308,800,000 | 289,600,000 | 313,400,000 | 302,700,000 | 299,900,000 | ||||||||||||||||||||||||||||||||||||||
change in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 13,700,000 | 21,900,000 | 13,200,000 | -2,300,000 | 6,600,000 | -55,600,000 | 36,300,000 | -42,200,000 | -20,000,000 | -60,000,000 | -5,000,000 | -30,000,000 | -2,400,000 | -3,600,000 | 5,800,000 | -5,700,000 | -1,800,000 | 14,400,000 | -24,500,000 | 20,800,000 | -8,300,000 | 4,700,000 | -24,000,000 | 14,200,000 | -8,300,000 | 32,600,000 | -4,500,000 | -1,300,000 | -36,000,000 | 13,800,000 | -12,400,000 | 6,500,000 | -11,300,000 | 30,600,000 | -33,500,000 | 4,400,000 | -11,200,000 | -25,900,000 | 12,900,000 | -4,900,000 | 5,200,000 | 53,600,000 | 2,800,000 |
inventories | -45,100,000 | 59,400,000 | -400,000 | 13,100,000 | -16,000,000 | 37,000,000 | -26,800,000 | -24,300,000 | 16,100,000 | 63,000,000 | -200,000 | -19,500,000 | -4,800,000 | 59,900,000 | -19,700,000 | -69,300,000 | -63,700,000 | 30,800,000 | 400,000 | -14,000,000 | -46,300,000 | 20,400,000 | -39,600,000 | -57,900,000 | 15,200,000 | -26,700,000 | 10,800,000 | -2,000,000 | -15,900,000 | 5,400,000 | -21,400,000 | -15,600,000 | -23,500,000 | 7,900,000 | -3,000,000 | -8,800,000 | -21,300,000 | 25,700,000 | 2,800,000 | -600,000 | -8,700,000 | -2,000,000 | -8,900,000 |
other current assets | -8,300,000 | -500,000 | 2,600,000 | 6,100,000 | -7,000,000 | -4,500,000 | 2,300,000 | 6,900,000 | -5,200,000 | -800,000 | 2,400,000 | 8,100,000 | 700,000 | -2,200,000 | -5,300,000 | 6,900,000 | 3,100,000 | -12,200,000 | 3,500,000 | 700,000 | 1,900,000 | -6,100,000 | -2,000,000 | 2,900,000 | -5,000,000 | -1,600,000 | 5,600,000 | 400,000 | 500,000 | -5,700,000 | 30,100,000 | -800,000 | -4,700,000 | 16,700,000 | 3,900,000 | -6,900,000 | -3,500,000 | -900,000 | 4,900,000 | -200,000 | -1,700,000 | -4,700,000 | 1,900,000 |
accounts payable | 2,300,000 | -37,400,000 | 53,300,000 | -5,700,000 | -7,800,000 | 10,600,000 | 27,000,000 | 29,600,000 | 31,400,000 | ||||||||||||||||||||||||||||||||||
accrued expenses | -131,300,000 | 22,400,000 | 66,300,000 | -8,100,000 | -141,500,000 | 41,200,000 | 66,500,000 | 9,900,000 | -118,700,000 | ||||||||||||||||||||||||||||||||||
income taxes payable | 44,200,000 | 8,300,000 | -500,000 | -68,000,000 | 55,100,000 | -2,100,000 | -5,900,000 | -45,700,000 | 46,600,000 | -11,100,000 | 2,700,000 | -51,100,000 | 57,700,000 | -2,100,000 | 14,500,000 | -55,600,000 | 57,600,000 | -5,700,000 | -10,400,000 | -54,900,000 | 55,000,000 | -900,000 | -74,000,000 | 33,100,000 | 54,000,000 | -11,500,000 | 26,500,000 | -45,900,000 | 34,300,000 | -21,300,000 | 23,300,000 | -42,600,000 | 34,500,000 | -3,800,000 | 3,300,000 | -50,000,000 | 39,300,000 | -600,000 | 33,200,000 | -42,200,000 | 42,400,000 | -12,000,000 | 21,600,000 |
other operating assets and liabilities | -9,500,000 | -300,000 | -12,400,000 | -7,000,000 | -3,600,000 | -2,400,000 | -6,300,000 | -7,300,000 | -2,600,000 | -3,400,000 | -7,500,000 | -5,000,000 | 1,700,000 | -6,700,000 | -9,200,000 | -7,600,000 | -4,100,000 | -1,200,000 | -5,800,000 | -6,400,000 | -2,600,000 | -36,600,000 | 2,700,000 | 2,500,000 | -4,000,000 | -9,500,000 | 12,700,000 | -5,800,000 | -3,600,000 | -900,000 | 4,500,000 | 5,000,000 | -2,500,000 | 900,000 | 3,000,000 | -16,000,000 | -1,100,000 | 900,000 | -1,500,000 | -1,100,000 | -1,000,000 | ||
change in working capital | -134,000,000 | 73,800,000 | 122,100,000 | -71,900,000 | -114,200,000 | ||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 174,800,000 | 363,400,000 | 435,500,000 | 230,800,000 | 185,700,000 | 292,300,000 | 364,000,000 | 236,900,000 | 263,000,000 | 235,500,000 | 285,900,000 | 236,100,000 | 273,100,000 | 351,100,000 | 223,700,000 | 157,600,000 | 152,800,000 | 340,200,000 | 309,300,000 | 244,100,000 | 100,200,000 | 192,100,000 | 199,600,000 | 362,100,000 | 236,500,000 | 247,000,000 | 266,300,000 | 213,300,000 | 137,900,000 | 195,600,000 | 245,300,000 | 167,200,000 | 155,500,000 | 257,400,000 | 174,800,000 | 117,800,000 | 131,500,000 | 160,300,000 | 198,500,000 | 118,700,000 | 177,800,000 | 197,300,000 | 160,400,000 |
capital expenditures | -31,900,000 | -55,200,000 | -28,200,000 | -22,500,000 | -16,500,000 | -54,600,000 | -48,600,000 | -30,300,000 | -46,300,000 | -102,000,000 | -58,300,000 | -38,200,000 | -25,000,000 | -80,700,000 | -59,300,000 | -23,200,000 | -15,600,000 | -54,700,000 | -20,800,000 | -17,000,000 | -26,300,000 | -44,300,000 | -23,700,000 | -14,100,000 | -16,800,000 | -34,000,000 | -16,100,000 | -11,900,000 | -11,700,000 | -30,000,000 | -10,800,000 | -9,700,000 | -9,900,000 | -24,100,000 | -10,500,000 | -7,600,000 | -2,800,000 | -21,700,000 | -10,300,000 | -9,300,000 | -8,500,000 | -17,100,000 | -10,700,000 |
free cash flows | 142,900,000 | 308,200,000 | 407,300,000 | 208,300,000 | 169,200,000 | 237,700,000 | 315,400,000 | 206,600,000 | 216,700,000 | 133,500,000 | 227,600,000 | 197,900,000 | 248,100,000 | 270,400,000 | 164,400,000 | 134,400,000 | 137,200,000 | 285,500,000 | 288,500,000 | 227,100,000 | 73,900,000 | 147,800,000 | 175,900,000 | 348,000,000 | 219,700,000 | 213,000,000 | 250,200,000 | 201,400,000 | 126,200,000 | 165,600,000 | 234,500,000 | 157,500,000 | 145,600,000 | 233,300,000 | 164,300,000 | 110,200,000 | 128,700,000 | 138,600,000 | 188,200,000 | 109,400,000 | 169,300,000 | 180,200,000 | 149,700,000 |
cash flow from investing activities | |||||||||||||||||||||||||||||||||||||||||||
additions to property, plant and equipment | -31,900,000 | -55,200,000 | -28,200,000 | -22,500,000 | -16,500,000 | -54,600,000 | -48,600,000 | -30,300,000 | -46,300,000 | -102,000,000 | -58,300,000 | -38,200,000 | -25,000,000 | -80,700,000 | -59,300,000 | -23,200,000 | -15,600,000 | -54,700,000 | -20,800,000 | -17,000,000 | -26,300,000 | -44,300,000 | -23,700,000 | -14,100,000 | -16,800,000 | -34,000,000 | -16,100,000 | -11,900,000 | -11,700,000 | -30,000,000 | -10,800,000 | -9,700,000 | -9,900,000 | -24,100,000 | -10,500,000 | -7,600,000 | -2,800,000 | -21,700,000 | -10,300,000 | -9,300,000 | -8,500,000 | -17,100,000 | -10,700,000 |
net cash from investing activities | -33,500,000 | 108,400,000 | -685,700,000 | -22,900,000 | -16,700,000 | -45,200,000 | -46,600,000 | -44,700,000 | -46,800,000 | -105,900,000 | -59,200,000 | -39,600,000 | -29,600,000 | -627,900,000 | -60,900,000 | -24,100,000 | -15,700,000 | -612,300,000 | -22,100,000 | -17,600,000 | -30,000,000 | -556,900,000 | -24,800,000 | -15,000,000 | -11,400,000 | -34,500,000 | -16,600,000 | -490,000,000 | -12,400,000 | -29,800,000 | -11,100,000 | -11,200,000 | -60,000,000 | -25,100,000 | -1,036,000,000 | -83,000,000 | -159,300,000 | -151,800,000 | -9,200,000 | -9,500,000 | -184,100,000 | -18,600,000 | -11,700,000 |
cash flow from financing activities | |||||||||||||||||||||||||||||||||||||||||||
proceeds from stock options exercised | 16,600,000 | 2,500,000 | 6,500,000 | 52,600,000 | 10,800,000 | 19,600,000 | 59,900,000 | 4,100,000 | 19,300,000 | 78,100,000 | 10,200,000 | 3,800,000 | 5,500,000 | 5,900,000 | 11,000,000 | 71,800,000 | 14,400,000 | 6,600,000 | 5,900,000 | 3,900,000 | 44,200,000 | 35,600,000 | 9,300,000 | 3,000,000 | 12,800,000 | 21,900,000 | 15,100,000 | 18,600,000 | 29,100,000 | 12,500,000 | 16,400,000 | 4,200,000 | 10,600,000 | 4,600,000 | 22,700,000 | 2,500,000 | 18,600,000 | 16,100,000 | 13,300,000 | 5,200,000 | 7,600,000 | ||
payment of cash dividends | -72,900,000 | -70,800,000 | -71,400,000 | -72,600,000 | -72,400,000 | -69,600,000 | -69,200,000 | -69,200,000 | -69,000,000 | -66,600,000 | -66,900,000 | -66,700,000 | -66,300,000 | -63,800,000 | -63,800,000 | -63,700,000 | -63,700,000 | -61,700,000 | -62,000,000 | -61,900,000 | -61,900,000 | -59,600,000 | -59,600,000 | -59,100,000 | -59,000,000 | -55,900,000 | -56,200,000 | -56,100,000 | -55,900,000 | -53,700,000 | -53,400,000 | -53,200,000 | -53,000,000 | -47,200,000 | -47,500,000 | -47,300,000 | -48,400,000 | -45,600,000 | -45,700,000 | -45,600,000 | -46,100,000 | -43,900,000 | -43,900,000 |
payment of business acquisition liability | -19,800,000 | 0 | 0 | 0 | -5,900,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from vms transition services agreement | 36,200,000 | ||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -44,900,000 | -368,500,000 | -367,100,000 | -365,800,000 | -61,000,000 | -25,100,000 | -60,900,000 | -48,300,000 | -209,100,000 | -362,600,000 | -47,600,000 | -3,700,000 | -311,700,000 | 105,100,000 | -358,200,000 | 334,800,000 | -202,600,000 | 333,300,000 | -255,600,000 | -204,800,000 | -125,000,000 | -6,400,000 | -79,700,000 | -944,100,000 | 670,100,000 | -174,300,000 | -230,900,000 | 276,600,000 | -344,300,000 | -34,900,000 | -134,600,000 | -183,900,000 | -255,600,000 | -189,700,000 | 855,400,000 | 57,600,000 | -24,400,000 | -46,900,000 | -167,100,000 | -89,500,000 | -136,100,000 | -54,700,000 | -132,400,000 |
effect of exchange rate changes on cash and cash equivalents | -2,000,000 | 400,000 | -600,000 | 6,600,000 | 2,400,000 | -10,000,000 | 3,900,000 | -1,900,000 | -1,900,000 | 4,200,000 | -2,700,000 | 1,300,000 | 700,000 | 4,400,000 | -6,700,000 | -3,000,000 | -700,000 | -600,000 | -1,400,000 | 600,000 | -800,000 | 5,200,000 | 2,300,000 | 2,100,000 | -4,300,000 | 2,800,000 | -2,000,000 | -2,500,000 | -600,000 | -2,600,000 | 1,000,000 | -200,000 | 4,700,000 | 5,700,000 | 3,900,000 | -5,900,000 | -900,000 | -3,200,000 | 6,700,000 | -4,600,000 | -8,900,000 | ||
net change in cash and cash equivalents | 94,400,000 | 103,700,000 | -617,900,000 | -151,300,000 | 110,400,000 | 212,000,000 | 260,400,000 | 142,000,000 | 5,200,000 | -228,800,000 | 176,400,000 | 194,100,000 | -67,500,000 | -167,300,000 | -202,100,000 | 465,300,000 | -66,200,000 | 60,600,000 | 30,200,000 | 22,300,000 | -55,600,000 | -366,000,000 | 97,400,000 | -594,900,000 | 890,900,000 | 41,000,000 | 16,800,000 | 0 | -218,800,000 | 128,400,000 | 99,000,000 | -30,500,000 | -159,100,000 | 42,400,000 | -1,100,000 | 98,100,000 | -48,300,000 | -44,300,000 | 21,300,000 | 16,500,000 | -135,700,000 | 119,400,000 | 7,400,000 |
cash and cash equivalents at beginning of period | 409,000,000 | 0 | 0 | 0 | 964,100,000 | 0 | 0 | 0 | 344,500,000 | 0 | 0 | 0 | 270,300,000 | 0 | 0 | 0 | 240,600,000 | 0 | 0 | 0 | 183,100,000 | 0 | 0 | 0 | 155,700,000 | 0 | 0 | 0 | 316,700,000 | 0 | 0 | 0 | 278,900,000 | 0 | 0 | 0 | 187,800,000 | 0 | 0 | 0 | 330,000,000 | 0 | 0 |
cash and cash equivalents at end of period | 503,400,000 | 103,700,000 | -617,900,000 | -151,300,000 | 1,074,500,000 | 212,000,000 | 260,400,000 | 142,000,000 | 349,700,000 | -228,800,000 | 176,400,000 | 194,100,000 | 202,800,000 | -167,300,000 | -202,100,000 | 465,300,000 | 174,400,000 | 60,600,000 | 30,200,000 | 22,300,000 | 127,500,000 | -366,000,000 | 97,400,000 | -594,900,000 | 1,046,600,000 | 41,000,000 | 16,800,000 | 0 | 97,900,000 | 128,400,000 | 99,000,000 | -30,500,000 | 119,800,000 | 42,400,000 | -1,100,000 | 98,100,000 | 139,500,000 | -44,300,000 | 21,300,000 | 16,500,000 | 194,300,000 | 119,400,000 | 7,400,000 |
change in fair value of business acquisition liabilities | 12,000,000 | 0 | -41,000,000 | -38,000,000 | -19,000,000 | -22,000,000 | -51,000,000 | 6,300,000 | -27,000,000 | -8,400,000 | |||||||||||||||||||||||||||||||||
business exit related impairments | -5,400,000 | 0 | |||||||||||||||||||||||||||||||||||||||||
vms trade name and other asset impairments | |||||||||||||||||||||||||||||||||||||||||||
loss on sale of vitamin business | |||||||||||||||||||||||||||||||||||||||||||
acquisitions | 0 | 0 | 0 | 0 | 100,000 | -49,900,000 | 0 | -1,024,700,000 | -75,000,000 | -160,300,000 | -129,800,000 | 0 | -500,000 | -175,000,000 | 0 | ||||||||||||||||||||||||||||
proceeds from sale of passport | |||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of vitamin business | |||||||||||||||||||||||||||||||||||||||||||
long-term debt | -4,000,000 | -400,000 | -200,000 | -200,000,000 | 0 | 0 | 0 | -200,000,000 | -400,000,000 | 0 | -200,000,000 | -300,000,000 | 0 | 0 | -300,000,000 | 0 | |||||||||||||||||||||||||||
short-term debt (repayments), net of borrowings | 0 | 0 | -15,000,000 | -55,600,000 | 70,600,000 | 0 | -99,600,000 | -149,900,000 | -26,900,000 | 178,600,000 | -37,400,000 | 11,800,000 | 98,000,000 | 700,000 | |||||||||||||||||||||||||||||
purchase of treasury stock | -300,000,000 | -300,000,000 | -445,100,000 | 0 | -150,000,000 | 0 | -100,000,000 | 0 | 0 | 0 | -200,000,000 | -100,000,000 | 0 | -142,900,000 | -157,100,000 | -200,000,000 | 0 | 0 | -200,000,000 | -100,000,000 | 0 | ||||||||||||||||||||||
tradename and other asset impairments | |||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets | 0 | 0 | 0 | 0 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||
long-term debt borrowings | 499,000,000 | 0 | 0 | 0 | 0 | 1,421,300,000 | |||||||||||||||||||||||||||||||||||||
graphico acquisition | 0 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock related to employee equity plans | 19,300,000 | ||||||||||||||||||||||||||||||||||||||||||
flawless trade name and other asset impairments | |||||||||||||||||||||||||||||||||||||||||||
deferred financing and other | -100,000 | 0 | 0 | 0 | -4,500,000 | 100,000 | -100,000 | -100,000 | 0 | -100,000 | 0 | -100,000 | -1,000,000 | -1,500,000 | -500,000 | -600,000 | -800,000 | -1,600,000 | -500,000 | ||||||||||||||||||||||||
flawless impairment | |||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | -62,000,000 | 95,900,000 | 6,100,000 | 33,100,000 | -95,200,000 | 98,300,000 | 83,700,000 | 33,600,000 | -168,100,000 | 27,900,000 | 104,300,000 | 109,800,000 | -74,000,000 | 71,000,000 | -4,900,000 | 65,900,000 | -59,200,000 | 11,100,000 | 29,900,000 | 46,500,000 | -32,600,000 | 27,900,000 | 16,600,000 | 33,700,000 | -47,900,000 | 31,700,000 | -1,300,000 | 25,600,000 | -5,500,000 | 24,900,000 | -15,700,000 | ||||||||||||
accounts payable, accrued and other liabilities | 49,100,000 | ||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | 0 | 0 | 0 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||
payment of business acquisition liabilities | 0 | ||||||||||||||||||||||||||||||||||||||||||
short-term debt borrowings, net of | -49,400,000 | -69,000,000 | -64,200,000 | -906,100,000 | 719,900,000 | ||||||||||||||||||||||||||||||||||||||
short-term debt borrowings, net of repayments | |||||||||||||||||||||||||||||||||||||||||||
payment of contingent consideration | |||||||||||||||||||||||||||||||||||||||||||
non-cash pension settlement charge | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||
excess tax benefit on stock options exercised | -600,000 | -11,200,000 | -10,300,000 | -7,900,000 | -2,200,000 | -2,900,000 | |||||||||||||||||||||||||||||||||||||
short-term debt (repayments) borrowings | -142,400,000 | -17,400,000 | |||||||||||||||||||||||||||||||||||||||||
short-term debt borrowings | -46,200,000 | -312,200,000 | 43,800,000 | 158,800,000 | 196,000,000 | -150,900,000 | -70,000,000 | 93,800,000 | 333,400,000 | -98,700,000 | |||||||||||||||||||||||||||||||||
deferred financing costs | |||||||||||||||||||||||||||||||||||||||||||
acquisition |
