WOLTF
Wolters Kluwer N.V.
Price Chart
Latest Quote
$94.64
Current Price| Previous Close | $93.80 |
| Open | $95.10 |
| Day High | $95.10 |
| Day Low | $94.64 |
| Volume | 400 |
Stock Information
Note: Financial values converted from EUR to USD
| Quarterly Dividend / Yield | $2.82 / 2.91% |
| Shares Outstanding | 225.72M |
| Total Debt | $6.19B |
| Cash Equivalents | $1.11B |
| Revenue | $7.17B |
| Net Income | $1.32B |
| Sector | Industrials |
| Industry | Specialty Business Services |
| Market Cap | $21.66B |
| P/E Ratio | 16.78 |
| EPS (TTM) | $5.64 |
| Exchange | PNK |
📊 Custom Metrics & Score
Score: 15/42| Debt to Equity | 2.63 |
| Debt to Earnings | 0.95 |
| Current Ratio | 0.70 |
| Quick Ratio | 0.25 |
| Avg Revenue Growth | 6.00% |
| Profit Margin | 18.24% |
| Return on Equity | 69.84% |
| Avg FCF Growth | 6.84% |
| FCF Yield | 6.19% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $96.71 | 6,293 |
| 2026-01-30 | $98.30 | 5,625 |
| 2026-01-29 | $98.88 | 6,981 |
| 2026-01-28 | $96.45 | 2,324 |
| 2026-01-27 | $100.71 | 2,335 |
| 2026-01-26 | $102.60 | 5,210 |
| 2026-01-23 | $98.90 | 5,966 |
| 2026-01-22 | $101.11 | 2,405 |
| 2026-01-21 | $96.00 | 2,864 |
| 2026-01-20 | $101.31 | 16,775 |
| 2026-01-16 | $101.28 | 12,602 |
| 2026-01-15 | $104.20 | 849 |
| 2026-01-14 | $101.09 | 6,600 |
| 2026-01-13 | $103.00 | 8,823 |
| 2026-01-12 | $105.30 | 12,462 |
| 2026-01-09 | $106.25 | 47,942 |
| 2026-01-08 | $106.07 | 3,729 |
| 2026-01-07 | $109.24 | 19,702 |
| 2026-01-06 | $107.88 | 47,807 |
| 2026-01-05 | $109.46 | 17,878 |
About Wolters Kluwer N.V.
Wolters Kluwer N.V. provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, Africa, and internationally. The company operates through Health; Tax & Accounting; Financial & Corporate Compliance; Legal & Regulatory; and Corporate Performance & ESG segments. The Health segment offers clinical technology and solutions that drive effective decision-making and outcomes across the continuum of healthcare. It serves hospitals, healthcare organizations, clinicians, students, schools, libraries, payers, life sciences, digital health companies, and pharmacies. The Tax & Accounting segment offers solutions that help tax, accounting, and audit professionals to drive productivity, navigate change, and deliver better outcomes. It serves accounting firms, tax and auditing departments, businesses of all sizes, government agencies, libraries, and universities. The Financial & Corporate Compliance segment offers solutions for legal entity and banking product compliance. It serves corporations, small businesses, law firms, banks, non-bank lenders, credit unions, insurers, and securities firms. The Legal & Regulatory segment provides information, insights, and workflow solutions for changing regulatory obligations, managing risk, and increasing efficiency. It serves legal and compliance professionals in law firms, corporate legal departments, universities, and government organizations. The Corporate Performance & ESG segment offers enterprise software to drive financial and sustainability performance and manage risks, meet reporting requirements, improve safety and productivity, and reduce environmental impact. The company also develops a hosted platform for managing and controlling external legal costs. Wolters Kluwer N.V. was founded in 1836 and is headquartered in Alphen aan den Rijn, the Netherlands.
📰 Latest News
Is Wolters Kluwer (ENXTAM:WKL) Priced Attractive After A 50% One Year Share Price Slump
Simply Wall St. • 2026-01-23T16:10:38Z
Kepler lifts Relx to Most Preferred List, sees AI driving growth not disruption
Investing.com • 2026-01-23T10:37:51Z3 Business Services Stocks to Watch in a Prospering Industry
Zacks • 2026-01-20T17:31:00Z
Is Wolters Kluwer’s New ELM Leader a Subtle Shift in its SaaS and AI Ambitions (ENXTAM:WKL)?
Simply Wall St. • 2026-01-13T03:15:11Z
Assessing Wolters Kluwer (ENXTAM:WKL) Valuation After Recent Leadership And AI Software Developments
Simply Wall St. • 2026-01-13T00:16:43Z
Investors in Wolters Kluwer (AMS:WKL) have unfortunately lost 43% over the last year
Simply Wall St. • 2026-01-08T04:18:56Z
How Recent Moves Are Rewriting the Growth Story for Wolters Kluwer
Simply Wall St. • 2025-12-18T20:14:12Z
Wolters Kluwer (ENXTAM:WKL): Assessing Valuation After a 44% Share Price Slide Despite Growing Earnings
Simply Wall St. • 2025-12-18T17:12:30Z
Is Wolters Kluwer’s New AI Tax Tool Shaping Its SaaS Future for Investors (ENXTAM:WKL)?
Simply Wall St. • 2025-12-09T16:06:54Z
Assessing Wolters Kluwer’s Valuation After a Sharp 45.8% Share Price Slide in 2025
Simply Wall St. • 2025-12-09T15:10:15Z
Income Statement (Annual)
Revenue
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $1,626,000,000 | $1,576,000,000 | $1,578,000,000 | $1,374,000,000 |
| Cost Of Revenue | $1,626,000,000 | $1,576,000,000 | $1,578,000,000 | $1,374,000,000 |
| Total Revenue | $5,916,000,000 | $5,584,000,000 | $5,453,000,000 | $4,771,000,000 |
| Operating Revenue | $5,916,000,000 | $5,584,000,000 | $5,453,000,000 | $4,771,000,000 |
Expenses
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Interest Expense | $98,000,000 | $83,000,000 | $66,000,000 | $55,000,000 |
| Total Expenses | $4,463,000,000 | $4,254,000,000 | $4,189,000,000 | $3,730,000,000 |
| Net Non Operating Interest Income Expense | $-52,000,000 | $-34,000,000 | $-49,000,000 | $-62,000,000 |
| Total Other Finance Cost | $6,000,000 | $6,000,000 | $4,000,000 | $11,000,000 |
| Interest Expense Non Operating | $98,000,000 | $83,000,000 | $66,000,000 | $55,000,000 |
| Operating Expense | $2,837,000,000 | $2,678,000,000 | $2,611,000,000 | $2,356,000,000 |
| Other Operating Expenses | $18,000,000 | $23,000,000 | $21,000,000 | $20,000,000 |
| Selling And Marketing Expense | $951,000,000 | $906,000,000 | $893,000,000 | $786,000,000 |
| General And Administrative Expense | $1,033,000,000 | $1,012,000,000 | $996,000,000 | $920,000,000 |
Income & Earnings
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $1,079,000,000 | $1,007,000,000 | $1,027,000,000 | $728,000,000 |
| Net Interest Income | $-52,000,000 | $-34,000,000 | $-49,000,000 | $-62,000,000 |
| Interest Income | $52,000,000 | $55,000,000 | $21,000,000 | $4,000,000 |
| Normalized Income | $1,091,528,000 | $1,012,434,850 | $973,870,000 | $756,224,000 |
| Net Income From Continuing And Discontinued Operation | $1,079,000,000 | $1,007,000,000 | $1,027,000,000 | $728,000,000 |
| Total Operating Income As Reported | $1,441,000,000 | $1,323,000,000 | $1,333,000,000 | $1,012,000,000 |
| Net Income Common Stockholders | $1,079,000,000 | $1,007,000,000 | $1,027,000,000 | $728,000,000 |
| Net Income | $1,079,000,000 | $1,007,000,000 | $1,027,000,000 | $728,000,000 |
| Net Income Including Noncontrolling Interests | $1,079,000,000 | $1,007,000,000 | $1,027,000,000 | $728,000,000 |
| Net Income Continuous Operations | $1,079,000,000 | $1,007,000,000 | $1,027,000,000 | $728,000,000 |
| Pretax Income | $1,378,000,000 | $1,297,000,000 | $1,276,000,000 | $929,000,000 |
| Special Income Charges | $-12,000,000 | $-7,000,000 | $69,000,000 | $-29,000,000 |
| Interest Income Non Operating | $52,000,000 | $55,000,000 | $21,000,000 | $4,000,000 |
| Operating Income | $1,453,000,000 | $1,330,000,000 | $1,264,000,000 | $1,041,000,000 |
| Depreciation And Amortization In Income Statement | $147,000,000 | $146,000,000 | $160,000,000 | $164,000,000 |
| Depreciation Income Statement | $0 | $0 | $0 | $0 |
| Gross Profit | $4,290,000,000 | $4,008,000,000 | $3,875,000,000 | $3,397,000,000 |
Per Share Metrics
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Diluted EPS | $4.52 | $4.09 | $4.01 | $2.78 |
| Basic EPS | $4.54 | $4.11 | $4.03 | $2.79 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $-3,472,000 | $-1,565,150 | $12,870,000 | $-7,776,000 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $1,946,000,000 | $1,827,000,000 | $1,708,000,000 | $1,441,000,000 |
| Total Unusual Items | $-16,000,000 | $-7,000,000 | $66,000,000 | $-36,000,000 |
| Total Unusual Items Excluding Goodwill | $-16,000,000 | $-7,000,000 | $66,000,000 | $-36,000,000 |
| Reconciled Depreciation | $454,000,000 | $440,000,000 | $432,000,000 | $421,000,000 |
| EBITDA (Bullshit earnings) | $1,930,000,000 | $1,820,000,000 | $1,774,000,000 | $1,405,000,000 |
| EBIT | $1,476,000,000 | $1,380,000,000 | $1,342,000,000 | $984,000,000 |
| Diluted Average Shares | $238,400,000 | $246,000,000 | $255,800,000 | $261,800,000 |
| Basic Average Shares | $237,500,000 | $244,900,000 | $254,700,000 | $260,400,000 |
| Diluted NI Availto Com Stockholders | $1,079,000,000 | $1,007,000,000 | $1,027,000,000 | $728,000,000 |
| Otherunder Preferred Stock Dividend | $0 | $0 | $0 | $0 |
| Minority Interests | $0 | $0 | $0 | $0 |
| Tax Provision | $299,000,000 | $290,000,000 | $249,000,000 | $201,000,000 |
| Other Special Charges | $3,000,000 | $-4,000,000 | $-75,000,000 | $20,000,000 |
| Impairment Of Capital Assets | $2,000,000 | - | - | - |
| Restructuring And Mergern Acquisition | $7,000,000 | $11,000,000 | $6,000,000 | $9,000,000 |
| Amortization | $147,000,000 | $146,000,000 | $160,000,000 | $164,000,000 |
| Research And Development | $688,000,000 | $591,000,000 | $541,000,000 | $466,000,000 |
| Selling General And Administration | $1,984,000,000 | $1,918,000,000 | $1,889,000,000 | $1,706,000,000 |
Balance Sheet (Annual)
Assets
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Tangible Assets | $-4,900,000,000 | $-4,171,000,000 | $-3,732,000,000 | $-3,383,000,000 |
| Total Assets | $9,498,000,000 | $9,094,000,000 | $9,510,000,000 | $9,028,000,000 |
| Total Non Current Assets | $6,841,000,000 | $6,340,000,000 | $6,533,000,000 | $6,290,000,000 |
| Non Current Prepaid Assets | $11,000,000 | $14,000,000 | $16,000,000 | $18,000,000 |
| Non Current Deferred Taxes Assets | $56,000,000 | $51,000,000 | $62,000,000 | $62,000,000 |
| Investmentin Financial Assets | $4,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | $0 | $0 | $0 | $0 |
| Goodwill And Other Intangible Assets | $6,445,000,000 | $5,920,000,000 | $6,042,000,000 | $5,800,000,000 |
| Other Intangible Assets | $1,735,000,000 | $1,598,000,000 | $1,648,000,000 | $1,620,000,000 |
| Current Assets | $2,657,000,000 | $2,754,000,000 | $2,977,000,000 | $2,738,000,000 |
| Hedging Assets Current | $0 | $2,000,000 | $1,000,000 | $0 |
| Restricted Cash | $2,000,000 | $0 | - | - |
| Prepaid Assets | $224,000,000 | $172,000,000 | $212,000,000 | $332,000,000 |
| Inventory | $79,000,000 | $84,000,000 | $79,000,000 | $65,000,000 |
| Other Receivables | $165,000,000 | $172,000,000 | $171,000,000 | $172,000,000 |
| Taxes Receivable | $104,000,000 | $102,000,000 | $80,000,000 | $59,000,000 |
| Accounts Receivable | $1,129,000,000 | $1,087,000,000 | $1,088,000,000 | $1,008,000,000 |
| Cash Cash Equivalents And Short Term Investments | $954,000,000 | $1,135,000,000 | $1,346,000,000 | $1,001,000,000 |
| Cash And Cash Equivalents | $954,000,000 | $1,135,000,000 | $1,346,000,000 | $1,001,000,000 |
| Cash Equivalents | $417,000,000 | $649,000,000 | $909,000,000 | $610,000,000 |
| Cash Financial | $537,000,000 | $486,000,000 | $437,000,000 | $391,000,000 |
| Financial Assets | - | $0 | $17,000,000 | $0 |
| Assets Held For Sale Current | - | - | $0 | $101,000,000 |
Debt
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Debt | $2,872,000,000 | $2,333,000,000 | $1,956,000,000 | $1,797,000,000 |
| Total Debt | $4,068,000,000 | $3,740,000,000 | $3,615,000,000 | $3,129,000,000 |
| Long Term Debt And Capital Lease Obligation | $3,646,000,000 | $3,081,000,000 | $2,830,000,000 | $3,049,000,000 |
| Long Term Debt | $3,467,000,000 | $2,872,000,000 | $2,586,000,000 | $2,789,000,000 |
| Current Debt And Capital Lease Obligation | $422,000,000 | $659,000,000 | $785,000,000 | $80,000,000 |
| Current Debt | $359,000,000 | $596,000,000 | $716,000,000 | $9,000,000 |
Liabilities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $7,953,000,000 | $7,345,000,000 | $7,200,000,000 | $6,611,000,000 |
| Total Non Current Liabilities Net Minority Interest | $4,169,000,000 | $3,555,000,000 | $3,331,000,000 | $3,555,000,000 |
| Derivative Product Liabilities | $17,000,000 | $5,000,000 | $0 | $2,000,000 |
| Non Current Deferred Taxes Liabilities | $324,000,000 | $281,000,000 | $299,000,000 | $294,000,000 |
| Current Liabilities | $3,784,000,000 | $3,790,000,000 | $3,869,000,000 | $3,056,000,000 |
| Payables | $564,000,000 | $545,000,000 | $528,000,000 | $502,000,000 |
| Other Payable | $189,000,000 | $161,000,000 | $252,000,000 | $237,000,000 |
| Total Tax Payable | $216,000,000 | $219,000,000 | $129,000,000 | $142,000,000 |
| Accounts Payable | $159,000,000 | $165,000,000 | $147,000,000 | $123,000,000 |
| Other Non Current Liabilities | - | $1,000,000 | $2,000,000 | - |
| Other Current Liabilities | - | - | $2,000,000 | $1,000,000 |
Equity
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Common Stock Equity | $1,545,000,000 | $1,749,000,000 | $2,310,000,000 | $2,417,000,000 |
| Total Equity Gross Minority Interest | $1,545,000,000 | $1,749,000,000 | $2,310,000,000 | $2,417,000,000 |
| Stockholders Equity | $1,545,000,000 | $1,749,000,000 | $2,310,000,000 | $2,417,000,000 |
| Retained Earnings | $1,359,000,000 | $2,038,000,000 | $2,461,000,000 | $2,330,000,000 |
| Long Term Equity Investment | $13,000,000 | $11,000,000 | $11,000,000 | $10,000,000 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Treasury Shares Number | $4,149,638 | $8,004,987 | $8,800,000 | $4,323,699 |
| Ordinary Shares Number | $234,366,515 | $240,511,166 | $248,716,153 | $258,192,454 |
| Share Issued | $238,516,153 | $248,516,153 | $257,516,153 | $262,516,153 |
| Tangible Book Value | $-4,900,000,000 | $-4,171,000,000 | $-3,732,000,000 | $-3,383,000,000 |
| Invested Capital | $5,371,000,000 | $5,217,000,000 | $5,612,000,000 | $5,215,000,000 |
| Working Capital | $-1,127,000,000 | $-1,036,000,000 | $-892,000,000 | $-318,000,000 |
| Capital Lease Obligations | $242,000,000 | $272,000,000 | $313,000,000 | $331,000,000 |
| Total Capitalization | $5,012,000,000 | $4,621,000,000 | $4,896,000,000 | $5,206,000,000 |
| Minority Interest | $0 | $0 | $0 | $0 |
| Treasury Stock | $470,000,000 | $734,000,000 | $735,000,000 | $247,000,000 |
| Additional Paid In Capital | $87,000,000 | $87,000,000 | $87,000,000 | $87,000,000 |
| Capital Stock | $29,000,000 | $30,000,000 | $31,000,000 | $32,000,000 |
| Common Stock | $29,000,000 | $30,000,000 | $31,000,000 | $32,000,000 |
| Non Current Pension And Other Postretirement Benefit Plans | $67,000,000 | $81,000,000 | $85,000,000 | $90,000,000 |
| Non Current Deferred Revenue | $110,000,000 | $102,000,000 | $112,000,000 | $113,000,000 |
| Long Term Capital Lease Obligation | $179,000,000 | $209,000,000 | $244,000,000 | $260,000,000 |
| Long Term Provisions | $5,000,000 | $5,000,000 | $5,000,000 | $7,000,000 |
| Current Capital Lease Obligation | $63,000,000 | $63,000,000 | $69,000,000 | $71,000,000 |
| Current Provisions | $28,000,000 | $21,000,000 | $19,000,000 | $27,000,000 |
| Available For Sale Securities | $4,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Investmentsin Associatesat Cost | $13,000,000 | $11,000,000 | - | - |
| Goodwill | $4,710,000,000 | $4,322,000,000 | $4,394,000,000 | $4,180,000,000 |
| Net PPE | $293,000,000 | $320,000,000 | $362,000,000 | $376,000,000 |
| Accumulated Depreciation | $-585,000,000 | $-571,000,000 | $-640,000,000 | $-662,000,000 |
| Gross PPE | $878,000,000 | $891,000,000 | $1,002,000,000 | $1,038,000,000 |
| Other Properties | $232,000,000 | $224,000,000 | $285,000,000 | $335,000,000 |
| Buildings And Improvements | $556,000,000 | $575,000,000 | $596,000,000 | $578,000,000 |
| Land And Improvements | $90,000,000 | $92,000,000 | $121,000,000 | $125,000,000 |
| Properties | $0 | $0 | $0 | $0 |
| Finished Goods | $61,000,000 | $57,000,000 | $52,000,000 | $44,000,000 |
| Work In Process | $18,000,000 | $27,000,000 | $27,000,000 | $21,000,000 |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $1,340,000,000 | $1,221,000,000 | $1,287,000,000 | $1,052,000,000 |
Operating Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | $1,654,000,000 | $1,545,000,000 | $1,582,000,000 | $1,292,000,000 |
Investing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Capital Expenditure | $-314,000,000 | $-324,000,000 | $-295,000,000 | $-240,000,000 |
| Investing Cash Flow | $-652,000,000 | $-374,000,000 | $-299,000,000 | $-287,000,000 |
| Capital Expenditure Reported | $-314,000,000 | $-324,000,000 | $-295,000,000 | $-240,000,000 |
Financing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repurchase Of Capital Stock | $-1,000,000,000 | $-1,000,000,000 | $-1,000,000,000 | $-410,000,000 |
| Financing Cash Flow | $-1,086,000,000 | $-1,481,000,000 | $-991,000,000 | $-451,000,000 |
| Net Other Financing Charges | $-2,000,000 | - | - | - |
| Cash Dividends Paid | $-521,000,000 | $-467,000,000 | $-424,000,000 | $-373,000,000 |
| Common Stock Dividend Paid | $-521,000,000 | $-467,000,000 | $-424,000,000 | $-373,000,000 |
| Net Common Stock Issuance | $-1,000,000,000 | $-1,000,000,000 | $-1,000,000,000 | $-410,000,000 |
| Dividends Received Cfi | $1,000,000 | $0 | $0 | $0 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repayment Of Debt | $-738,000,000 | $-926,000,000 | $-126,000,000 | $-100,000,000 |
| Issuance Of Debt | $1,237,000,000 | $977,000,000 | $631,000,000 | $500,000,000 |
| End Cash Position | $954,000,000 | $1,135,000,000 | $1,346,000,000 | $1,001,000,000 |
| Other Cash Adjustment Outside Changein Cash | $9,000,000 | $146,000,000 | $16,000,000 | $7,000,000 |
| Beginning Cash Position | $989,000,000 | $1,330,000,000 | $994,000,000 | $364,000,000 |
| Effect Of Exchange Rate Changes | $40,000,000 | $-31,000,000 | $44,000,000 | $76,000,000 |
| Changes In Cash | $-84,000,000 | $-310,000,000 | $292,000,000 | $554,000,000 |
| Common Stock Payments | $-1,000,000,000 | $-1,000,000,000 | $-1,000,000,000 | $-410,000,000 |
| Net Issuance Payments Of Debt | $499,000,000 | $51,000,000 | $505,000,000 | $400,000,000 |
| Net Long Term Debt Issuance | $499,000,000 | $51,000,000 | $505,000,000 | $400,000,000 |
| Long Term Debt Payments | $-738,000,000 | $-926,000,000 | $-126,000,000 | $-100,000,000 |
| Long Term Debt Issuance | $1,237,000,000 | $977,000,000 | $631,000,000 | $500,000,000 |
| Net Investment Purchase And Sale | $-6,000,000 | $2,000,000 | $-18,000,000 | $-16,000,000 |
| Net Business Purchase And Sale | $-334,000,000 | $-53,000,000 | $14,000,000 | $-32,000,000 |
| Sale Of Business | $1,000,000 | $8,000,000 | $106,000,000 | $76,000,000 |
| Purchase Of Business | $-335,000,000 | $-61,000,000 | $-92,000,000 | $-108,000,000 |
| Net Intangibles Purchase And Sale | $1,000,000 | $1,000,000 | $0 | $1,000,000 |
| Sale Of Intangibles | $1,000,000 | $1,000,000 | $0 | $1,000,000 |
| Taxes Refund Paid | $-318,000,000 | $-325,000,000 | $-289,000,000 | $-277,000,000 |
| Interest Received Cfo | $52,000,000 | $58,000,000 | $16,000,000 | $6,000,000 |
| Interest Paid Cfo | $-94,000,000 | $-84,000,000 | $-70,000,000 | $-72,000,000 |
| Change In Working Capital | $82,000,000 | $98,000,000 | $178,000,000 | $150,000,000 |
| Change In Other Current Assets | $64,000,000 | $80,000,000 | $74,000,000 | $127,000,000 |
| Change In Payable | $41,000,000 | $21,000,000 | $24,000,000 | $120,000,000 |
| Change In Inventory | $9,000,000 | $-7,000,000 | $-11,000,000 | $-3,000,000 |
| Change In Receivables | $-32,000,000 | $4,000,000 | $91,000,000 | $-94,000,000 |
| Other Non Cash Items | $54,000,000 | $39,000,000 | $60,000,000 | $80,000,000 |
| Stock Based Compensation | $31,000,000 | $31,000,000 | $28,000,000 | $24,000,000 |
| Provisionand Write Offof Assets | $14,000,000 | $12,000,000 | $-10,000,000 | $-21,000,000 |
| Deferred Tax | $299,000,000 | $290,000,000 | $249,000,000 | $201,000,000 |
| Depreciation And Amortization | $454,000,000 | $440,000,000 | $432,000,000 | $421,000,000 |
| Amortization Cash Flow | $370,000,000 | $350,000,000 | $335,000,000 | $325,000,000 |
| Depreciation | $84,000,000 | $90,000,000 | $97,000,000 | $96,000,000 |
| Pension And Employee Benefit Expense | $-21,000,000 | $-4,000,000 | $11,000,000 | $-9,000,000 |
| Gain Loss On Investment Securities | $4,000,000 | $11,000,000 | - | - |
| Net Foreign Currency Exchange Gain Loss | $4,000,000 | $-22,000,000 | - | - |
| Net Income From Continuing Operations | $1,079,000,000 | $1,007,000,000 | $1,027,000,000 | $728,000,000 |
| Gain Loss On Sale Of Business | - | $-4,000,000 | $-84,000,000 | $10,000,000 |