McCormick & Company Incorporated
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Penke I guess you are interested in McCormick & Company Incorporated. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of McCormick & Company Incorporated. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of McCormick & Company Incorporated (30 sec.)

What can you expect buying and holding a share of McCormick & Company Incorporated? (30 sec.)

How much money do you get?

$6.20

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$18.84

Expected worth in 1 year

$24.64

How sure are you?

100.0%

+ What do you gain per year?

Total Gains per Share

$12.01

Return On Investment

15.7%

For what price can you sell your share?

Current Price per Share

$76.29

Expected price per share

$68.58 - $81.49

How sure are you?

50%

1. Valuation of McCormick & Company Incorporated (5 min.)

Live pricePrice per Share (EOD)

$76.29

Book Value per Share

$18.84

Intrinsic Value Per Share

$24.08 - $32.60

Total Value Per Share

$42.92 - $51.44

My calculation of the intrinsic value of McCormick & Company Incorporated is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($2.31) 5Y: ($2.60) 3Y: ($2.36)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.22) 5Y: ($0.23) 3Y: ($0.19)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$2.36	$2.75	$2.50 - $2.83
2	$4.76	$5.64	$2.69 - $3.07
3	$7.18	$8.66	$2.88 - $3.30
4	$9.61	$11.79	$3.08 - $3.53
5	$12.06	$15.04	$3.27 - $3.76
6	$14.49	$18.38	$3.46 - $3.99
7	$16.92	$21.82	$3.65 - $4.23
8	$19.33	$25.34	$3.84 - $4.46
9	$21.72	$28.93	$4.04 - $4.69
10	$24.08	$32.60	$4.23 - $4.92

2. Growth of McCormick & Company Incorporated (5 min.)

Is McCormick & Company Incorporated growing?

	Current year	Previous year	Grow	Grow %
How rich?	$5b	$4.6b	$384.3m	7.6%

How much money is McCormick & Company Incorporated making?

	Current year	Previous year	Grow	Grow %
Making money	$624.2m	$682m	-$57.8m	-9.3%
Net Profit Margin	9.4%	10.7%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of McCormick & Company Incorporated (5 min.)

4. Comparing to competitors in the Packaged Foods industry (5 min.)

Industry Rankings (Packaged Foods)

Richest
#27 / 488

Most Revenue
#77 / 488

Most Profit
#39 / 488

Most Efficient
#77 / 488

What can you expect buying and holding a share of McCormick & Company Incorporated? (5 min.)

Welcome investor! McCormick & Company Incorporated's management wants to use your money to grow the business. In return you get a share of McCormick & Company Incorporated.

What can you expect buying and holding a share of McCormick & Company Incorporated?

First you should know what it really means to hold a share of McCormick & Company Incorporated. And how you can make/lose money.

Speculation

The Price per Share of McCormick & Company Incorporated is $76.29. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of McCormick & Company Incorporated.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in McCormick & Company Incorporated, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $18.84. Based on the TTM, the Book Value Change Per Share is $1.45 per quarter. Based on the YOY, the Book Value Change Per Share is $0.99 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $1.55 per quarter.

Based on historical numbers we can estimate the returns while holding a share of McCormick & Company Incorporated.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	2.31	3.0%	2.31	3.0%	2.52	3.3%	2.61	3.4%	2.35	3.1%
Usd Book Value Change Per Share	1.45	1.9%	1.45	1.9%	0.99	1.3%	1.38	1.8%	1.16	1.5%
Usd Dividend Per Share	1.55	2.0%	1.55	2.0%	1.47	1.9%	1.34	1.8%	1.10	1.4%
Usd Total Gains Per Share	3.00	3.9%	3.00	3.9%	2.46	3.2%	2.72	3.6%	2.26	3.0%
Usd Price Per Share	64.83	-	64.83	-	85.18	-	118.41	-	109.57	-
Price to Earnings Ratio	28.02	-	28.02	-	33.75	-	44.87	-	47.13	-
Price-to-Total Gains Ratio	21.60	-	21.60	-	34.58	-	45.64	-	84.66	-
Price to Book Ratio	3.44	-	3.44	-	4.90	-	7.89	-	10.04	-
Price-to-Total Gains Ratio	21.60	-	21.60	-	34.58	-	45.64	-	84.66	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	76.29
Number of shares	13

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	1.55	1.34
Usd Book Value Change Per Share	1.45	1.38
Usd Total Gains Per Share	3.00	2.72
Gains per Quarter (13 shares)	39.02	35.41
Gains per Year (13 shares)	156.07	141.65

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	81	75	146	70	72	132
2	161	151	302	140	144	274
3	242	226	458	210	215	416
4	323	302	614	280	287	558
5	403	377	770	349	359	700
6	484	452	926	419	431	842
7	565	528	1082	489	502	984
8	645	603	1238	559	574	1126
9	726	679	1394	629	646	1268
10	807	754	1550	699	718	1410

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	1.0	0.0	0.0	100.0%	3.0	0.0	0.0	100.0%	5.0	0.0	0.0	100.0%	10.0	0.0	0.0	100.0%	35.0	0.0	0.0	100.0%
Book Value Change Per Share	1.0	0.0	0.0	100.0%	3.0	0.0	0.0	100.0%	5.0	0.0	0.0	100.0%	7.0	3.0	0.0	70.0%	27.0	8.0	0.0	77.1%
Dividend per Share	1.0	0.0	0.0	100.0%	3.0	0.0	0.0	100.0%	5.0	0.0	0.0	100.0%	10.0	0.0	0.0	100.0%	35.0	0.0	0.0	100.0%
Total Gains per Share	1.0	0.0	0.0	100.0%	3.0	0.0	0.0	100.0%	5.0	0.0	0.0	100.0%	10.0	0.0	0.0	100.0%	33.0	2.0	0.0	94.3%

Fundamentals of McCormick & Company Incorporated

About McCormick & Company Incorporated

https://www.mccormickcorporation.com
Packaged Foods
13800
24 Schilling Road, Hunt Valley, MD, United States, 21031
Google Maps Bing Maps

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in the Asia/Pacific; McCormick, Aeroplane, and Gourmet Garden brands in China; and the McCormick brand and other brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

Fundamental data was last updated by Penke on 2024-04-30 20:25:06.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of McCormick & Company Incorporated.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit McCormick & Company Incorporated earns for each $1 of revenue.

Above 10% is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
A Net Profit Margin of 9.4% means that $0.09 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of McCormick & Company Incorporated:

The MRQ is 9.4%. The company is making a profit. +1
The TTM is 9.4%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	9.4%	TTM	9.4%	0.0%
TTM	9.4%	YOY	10.7%	-1.4%
TTM	9.4%	5Y	11.7%	-2.3%
5Y	11.7%	10Y	11.6%	+0.1%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	9.4%	3.0%	+6.4%
TTM	9.4%	2.9%	+6.5%
YOY	10.7%	2.9%	+7.8%
5Y	11.7%	3.1%	+8.6%
10Y	11.6%	3.6%	+8.0%

Measures how much net profit McCormick & Company Incorporated earns for each $1 of revenue.

Revenue is the amount of profit McCormick & Company Incorporated generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit McCormick & Company Incorporated earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
Can be used to compare companies within the Packaged Foods industry.

You typically want a high profit margin. This means that for each $1 in sales, McCormick & Company Incorporated makes more profit. This shows the investor how efficiently McCormick & Company Incorporated is operating in general and compared to other companies in the same industry. McCormick & Company Incorporated operates in the Packaged Foods industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of McCormick & Company Incorporated. If profit margins remain low (compared to the Packaged Foods industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of McCormick & Company Incorporated is 0.09. This means that McCormick & Company Incorporated earned $0.09 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Packaged Foods industry is 3.0%.
What is the trend?
The trend is important because it shows you how McCormick & Company Incorporated is performing over time. The most recent quarter might be important if McCormick & Company Incorporated released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for McCormick & Company Incorporated up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare McCormick & Company Incorporated with other companies in the same industry (Packaged Foods).
Net profit margin should rise over the years.
Can be influenced when McCormick & Company Incorporated sells assets (profit will increase while costs remain the same).
It won’t show what part of McCormick & Company Incorporated is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of McCormick & Company Incorporated

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ McCormick & Company Incorporated = 166,000
Total revenue MRQ McCormick & Company Incorporated = 1,602,700
$166,000 / $1,602,700 = 0.09 or 9.4%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient McCormick & Company Incorporated is using its assets to generate profit.

Above 5% is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
4.9% Return on Assets means that McCormick & Company Incorporated generated $0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of McCormick & Company Incorporated:

The MRQ is 4.9%. Using its assets, the company is less efficient in making profit.
The TTM is 4.9%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	4.9%	TTM	4.9%	0.0%
TTM	4.9%	YOY	5.2%	-0.3%
TTM	4.9%	5Y	5.8%	-0.9%
5Y	5.8%	10Y	7.2%	-1.4%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	4.9%	1.3%	+3.6%
TTM	4.9%	1.3%	+3.6%
YOY	5.2%	1.3%	+3.9%
5Y	5.8%	1.4%	+4.4%
10Y	7.2%	1.6%	+5.6%

Shows how efficient McCormick & Company Incorporated is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively McCormick & Company Incorporated is using its resources to generate profit. If the return on assets (4.9%) from McCormick & Company Incorporated are higher than the Packaged Foods mean (1.3%) that means McCormick & Company Incorporated is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of McCormick & Company Incorporated is 4.9%. This means the company generated $0.05 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Packaged Foods industry is 1.3%.
What is the trend?
The trend is important because it shows you how McCormick & Company Incorporated is performing over time. The most recent quarter might be important if McCormick & Company Incorporated released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for McCormick & Company Incorporated up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example McCormick & Company Incorporated

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from McCormick & Company Incorporated = 166,000
Total assets MRQ (balance sheet) from McCormick & Company Incorporated = 12,890,100
166,000 / 12,890,100 = 0.05 or 4.9%

ROA is an important ratio as it will tell you how effectively McCormick & Company Incorporated is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient McCormick & Company Incorporated is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
12.3% Return on Equity means McCormick & Company Incorporated generated $0.12 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of McCormick & Company Incorporated:

The MRQ is 12.3%. Using its investors money, the company is less efficient in making profit.
The TTM is 12.3%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	12.3%	TTM	12.3%	0.0%
TTM	12.3%	YOY	14.6%	-2.2%
TTM	12.3%	5Y	16.7%	-4.4%
5Y	16.7%	10Y	20.9%	-4.2%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	12.3%	2.8%	+9.5%
TTM	12.3%	2.7%	+9.6%
YOY	14.6%	3.0%	+11.6%
5Y	16.7%	2.9%	+13.8%
10Y	20.9%	3.0%	+17.9%

Shows how efficient McCormick & Company Incorporated is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Packaged Foods industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of McCormick & Company Incorporated is 12.3%. This means McCormick & Company Incorporated generated $0.12 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Packaged Foods industry is 2.8%.
What is the trend?
The trend is important because it shows you how McCormick & Company Incorporated is performing over time. The most recent quarter might be important if McCormick & Company Incorporated released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for McCormick & Company Incorporated up to 10 years back (depending if McCormick & Company Incorporated existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of McCormick & Company Incorporated

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) McCormick & Company Incorporated = 166,000
Shareholders equity (balance sheet) MRQ McCormick & Company Incorporated = 5,232,500
166,000 / 5,232,500 = 0.12 or 12.3%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of McCormick & Company Incorporated.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient McCormick & Company Incorporated is operating .

Measures how much profit McCormick & Company Incorporated makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
An Operating Margin of 14.5% means the company generated $0.14 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of McCormick & Company Incorporated:

The MRQ is 14.5%. The company is operating less efficient.
The TTM is 14.5%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	14.5%	TTM	14.5%	0.0%
TTM	14.5%	YOY	13.6%	+0.9%
TTM	14.5%	5Y	16.0%	-1.5%
5Y	16.0%	10Y	15.2%	+0.8%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	14.5%	5.1%	+9.4%
TTM	14.5%	3.6%	+10.9%
YOY	13.6%	4.8%	+8.8%
5Y	16.0%	5.1%	+10.9%
10Y	15.2%	5.1%	+10.1%

Measures how efficient McCormick & Company Incorporated is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit McCormick & Company Incorporated is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of McCormick & Company Incorporated is 14.5%. This means that McCormick & Company Incorporated earned $0.14 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Packaged Foods industry is 5.1%.
What is the trend?
The trend is important because it shows you how McCormick & Company Incorporated is performing over time. The most recent quarter might be important if McCormick & Company Incorporated released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for McCormick & Company Incorporated up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of McCormick & Company Incorporated

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ McCormick & Company Incorporated = 236,400
Total revenue MRQ McCormick & Company Incorporated = 1,602,700
$236,400 / $1,602,700 = 0.14 or 14.5%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient McCormick & Company Incorporated is keeping operating costs low.

Below 1 is considered healthy (always compare to Packaged Foods industry mean).
An Operation Ratio of 0.85 means that the operating costs are $0.85 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of McCormick & Company Incorporated:

The MRQ is 0.846. The company is less efficient in keeping operating costs low.
The TTM is 0.846. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.846	TTM	0.846	0.000
TTM	0.846	YOY	0.856	-0.009
TTM	0.846	5Y	0.833	+0.013
5Y	0.833	10Y	0.840	-0.007

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	0.846	1.551	-0.705
TTM	0.846	1.500	-0.654
YOY	0.856	1.455	-0.599
5Y	0.833	1.390	-0.557
10Y	0.840	1.257	-0.417

Measures how efficient McCormick & Company Incorporated is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of McCormick & Company Incorporated is 84.6%. This means that McCormick & Company Incorporated earned $0.85 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Packaged Foods industry is 1.55.
What is the trend?
The trend is important because it shows you how McCormick & Company Incorporated is performing over time. The most recent quarter might be important if McCormick & Company Incorporated released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for McCormick & Company Incorporated up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example McCormick & Company Incorporated

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(1,004,700 +361,600) \ 1,602,700 = 0.85

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of McCormick & Company Incorporated.

1.3. Liquidity

1.3.1. Current Ratio

Measures if McCormick & Company Incorporated is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Packaged Foods industry mean).
A Current Ratio of 0.65 means the company has $0.65 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of McCormick & Company Incorporated:

The MRQ is 0.646. The company is unable to pay all its short-term debts. -2
The TTM is 0.646. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.646	TTM	0.646	0.000
TTM	0.646	YOY	0.695	-0.049
TTM	0.646	5Y	0.685	-0.039
5Y	0.685	10Y	0.839	-0.154

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	0.646	1.558	-0.912
TTM	0.646	1.605	-0.959
YOY	0.695	1.604	-0.909
5Y	0.685	1.643	-0.958
10Y	0.839	1.611	-0.772

Measures if McCormick & Company Incorporated is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Packaged Foods industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for McCormick & Company Incorporated if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of McCormick & Company Incorporated is 0.65. This means McCormick & Company Incorporated has $0.65 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Packaged Foods industry is 1.56.
What is the trend?
The trend is important because it shows you how McCormick & Company Incorporated is performing over time. The most recent quarter might be important if McCormick & Company Incorporated released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for McCormick & Company Incorporated up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example McCormick & Company Incorporated

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
2,020,200 \ 2,973,800) = 0.65

The current ratio measures if McCormick & Company Incorporated is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if McCormick & Company Incorporated is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then McCormick & Company Incorporated does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate McCormick & Company Incorporated is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if McCormick & Company Incorporated is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
A Quick Ratio of 0.24 means the company can pay off $0.24 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of McCormick & Company Incorporated:

The MRQ is 0.243. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.243. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.243	TTM	0.243	0.000
TTM	0.243	YOY	0.264	-0.021
TTM	0.243	5Y	0.281	-0.038
5Y	0.281	10Y	0.321	-0.040

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	0.243	0.548	-0.305
TTM	0.243	0.575	-0.332
YOY	0.264	0.612	-0.348
5Y	0.281	0.685	-0.404
10Y	0.321	0.724	-0.403

Measures if McCormick & Company Incorporated is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast McCormick & Company Incorporated can pay off its short term debts. This shows if McCormick & Company Incorporated can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of McCormick & Company Incorporated is 0.24. This means that McCormick & Company Incorporated can pay off $0.24 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Packaged Foods industry is 0.55.
What is the trend?
The trend is important because it shows you how McCormick & Company Incorporated is performing over time. The most recent quarter might be important if McCormick & Company Incorporated released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for McCormick & Company Incorporated up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example McCormick & Company Incorporated

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio McCormick & Company Incorporated: (178,000 + 0 +567,500) / 2,973,800 = 0.24

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of McCormick & Company Incorporated.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of McCormick & Company Incorporated assets are financed with debt.

Below 1 (100%) is considered healthy but always compare McCormick & Company Incorporated to Packaged Foods industry mean.
A Debt to Asset Ratio of 0.60 means that McCormick & Company Incorporated assets are financed with 60.5% credit (debt) and the remaining percentage (100% - 60.5%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of McCormick & Company Incorporated:

The MRQ is 0.605. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.605. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.605	TTM	0.605	0.000
TTM	0.605	YOY	0.642	-0.037
TTM	0.605	5Y	0.649	-0.044
5Y	0.649	10Y	0.655	-0.006

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	0.605	0.486	+0.119
TTM	0.605	0.492	+0.113
YOY	0.642	0.484	+0.158
5Y	0.649	0.486	+0.163
10Y	0.655	0.492	+0.163

Measures how much % of McCormick & Company Incorporated assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake McCormick & Company Incorporated than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare McCormick & Company Incorporated to Packaged Foods industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of McCormick & Company Incorporated is 0.60. This means means that McCormick & Company Incorporated is financed with 60.5% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Packaged Foods industry is 155.8%.
What is the trend?
The trend is important because it shows you how McCormick & Company Incorporated is performing over time. The most recent quarter might be important if McCormick & Company Incorporated released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for McCormick & Company Incorporated up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why McCormick & Company Incorporated has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example McCormick & Company Incorporated

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
7,632,700 \ 12,890,100 = 60.5% or 0.60.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if McCormick & Company Incorporated is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
A Debt to Equity ratio of 153.7% means that company has $1.54 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of McCormick & Company Incorporated:

The MRQ is 1.537. The company is just able to pay all its debts with equity.
The TTM is 1.537. The company is just able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	1.537	TTM	1.537	0.000
TTM	1.537	YOY	1.800	-0.263
TTM	1.537	5Y	1.868	-0.331
5Y	1.868	10Y	1.961	-0.093

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	1.537	0.960	+0.577
TTM	1.537	0.976	+0.561
YOY	1.800	0.942	+0.858
5Y	1.868	0.997	+0.871
10Y	1.961	1.077	+0.884

Measures if McCormick & Company Incorporated is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of McCormick & Company Incorporated is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of McCormick & Company Incorporated is 1.54. This means that McCormick & Company Incorporated can pay off $1.54 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Packaged Foods industry is 0.96.
What is the trend?
The trend is important because it shows you how McCormick & Company Incorporated is performing over time. The most recent quarter might be important if McCormick & Company Incorporated released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for McCormick & Company Incorporated up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example McCormick & Company Incorporated

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
7,632,700 \ 5,232,500 = 1.54 or 153.7%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of McCormick & Company Incorporated

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings McCormick & Company Incorporated generates.

Above 15 is considered overpriced but always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
A PE ratio of 28.02 means the investor is paying $28.02 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of McCormick & Company Incorporated:

The EOD is 32.975. Based on the earnings, the company is overpriced. -1
The MRQ is 28.022. Based on the earnings, the company is overpriced. -1
The TTM is 28.022. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	32.975	MRQ	28.022	+4.953
MRQ	28.022	TTM	28.022	0.000
TTM	28.022	YOY	33.747	-5.726
TTM	28.022	5Y	44.871	-16.849
5Y	44.871	10Y	47.134	-2.262

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
EOD	32.975	13.598	+19.377
MRQ	28.022	12.871	+15.151
TTM	28.022	14.017	+14.005
YOY	33.747	12.896	+20.851
5Y	44.871	16.330	+28.541
10Y	47.134	19.036	+28.098

Measures how much money you pay for each share for every $1 in earnings McCormick & Company Incorporated generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare McCormick & Company Incorporated to the Packaged Foods industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of McCormick & Company Incorporated is 28.02. This means the investor is paying $28.02 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Packaged Foods industry is 12.87.
What is the trend?
The trend is important because it shows you how McCormick & Company Incorporated is performing over time. The most recent quarter might be important if McCormick & Company Incorporated released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for McCormick & Company Incorporated up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example McCormick & Company Incorporated

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 269,600 = EPS
PE ratio MRQ = 28.02

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of McCormick & Company Incorporated:

The EOD is 21.146. Based on how much money comes from the company's main activities, the company is underpriced. +1
The MRQ is 17.969. Based on how much money comes from the company's main activities, the company is underpriced. +1
The TTM is 17.969. Based on how much money comes from the company's main activities, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	21.146	MRQ	17.969	+3.176
MRQ	17.969	TTM	17.969	0.000
TTM	17.969	YOY	59.090	-41.121
TTM	17.969	5Y	47.906	-29.937
5Y	47.906	10Y	48.919	-1.013

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
EOD	21.146	3.540	+17.606
MRQ	17.969	3.304	+14.665
TTM	17.969	1.690	+16.279
YOY	59.090	0.076	+59.014
5Y	47.906	1.566	+46.340
10Y	48.919	1.590	+47.329

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of McCormick & Company Incorporated is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Packaged Foods industry mean).
A PB ratio of 3.44 means the investor is paying $3.44 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of McCormick & Company Incorporated:

The EOD is 4.049. Based on the equity, the company is fair priced.
The MRQ is 3.441. Based on the equity, the company is fair priced.
The TTM is 3.441. Based on the equity, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	4.049	MRQ	3.441	+0.608
MRQ	3.441	TTM	3.441	0.000
TTM	3.441	YOY	4.898	-1.457
TTM	3.441	5Y	7.895	-4.454
5Y	7.895	10Y	10.042	-2.147

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
EOD	4.049	1.479	+2.570
MRQ	3.441	1.462	+1.979
TTM	3.441	1.462	+1.979
YOY	4.898	1.755	+3.143
5Y	7.895	1.871	+6.024
10Y	10.042	2.419	+7.623

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of McCormick & Company Incorporated.

3.1. Institutions holding McCormick & Company Incorporated

Institutions are holding 88.571% of the shares of McCormick & Company Incorporated.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	11.2647	0.0452	30235814	105272	0.3494
2023-12-31	BlackRock Inc	7.1087	0.0333	19080707	504986	2.7185
2023-12-31	State Farm Mutual Automobile Ins Co	6.2276	1.0999	16715600	0	0
2023-12-31	State Street Corporation	5.6409	0.0507	15140854	993077	7.0193
2023-12-31	Fundsmith LLP	5.6221	4.3222	15090383	-222282	-1.4516
2023-12-31	Goldman Sachs Group Inc	2.3771	0.0392	6380468	3920562	159.3785
2023-12-31	Geode Capital Management, LLC	2.0603	0.0395	5530110	-153334	-2.6979
2023-12-31	Massachusetts Financial Services Company	1.9966	0.1184	5359068	1577636	41.7206
2023-12-31	Franklin Resources Inc	1.8271	0.1569	4904254	10968	0.2241
2023-12-31	FUNDSMITH INVESTMENT SERVICES LTD.	1.5184	4.0274	4075588	-7025	-0.1721
2023-12-31	Northern Trust Corp	1.2366	0.0411	3319083	-119683	-3.4804
2023-12-31	Morgan Stanley - Brokerage Accounts	1.1898	0.0193	3193630	-26423	-0.8206
2023-12-31	Champlain Investment Partners, LLC	1.1456	1.2474	3075042	1008665	48.8132
2023-12-31	ProShare Advisors LLC	0.9545	0.5357	2562090	499570	24.2213
2023-12-31	NORGES BANK	0.8767	0.0281	2353098	559151	31.1688
2023-12-31	UBS Asset Mgmt Americas Inc	0.8293	0.0599	2225825	455568	25.7346
2023-12-31	Amvescap Plc.	0.8259	0.0361	2216764	388188	21.229
2023-12-31	Legal & General Group PLC	0.8037	0.0379	2157139	282006	15.0393
2023-12-31	Pictet Asset Manangement SA	0.6225	0.1261	1670838	733740	78.2992
2023-12-31	Bank of New York Mellon Corp	0.62	0.0231	1664229	-458099	-21.5847
Total		54.7481	12.0874	146950584	+10052543	+6.8%

3.2. Funds holding McCormick & Company Incorporated

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-31	Vanguard Total Stock Mkt Idx Inv	2.9456	0.0379	7906239	28586	0.3629
2024-03-31	Vanguard Institutional 500 Index Trust	2.3611	0.0438	6337434	66093	1.0539
2024-03-31	Vanguard Mid Cap Index Institutional	2.0351	0.2517	5462570	-152865	-2.7222
2024-03-31	Franklin Rising Dividends Fund A	1.5846	1.1523	4253378	0	0
2023-09-30	Fundsmith Equity I Acc	1.4597	3.3603	3917991	0	0
2024-03-31	Champlain Mid Cap Fund, LLC	1.1702	2.0484	3140890	-14575	-0.4619
2024-03-31	SPDR® S&P Dividend ETF	1.1308	1.1091	3035278	41200	1.376
2024-03-31	SPDR® S&P 500 ETF Trust	1.1289	0.0437	3030134	-23542	-0.7709
2024-02-29	Fidelity 500 Index	1.1228	0.0403	3013848	30328	1.0165
2024-03-28	iShares Core S&P 500 ETF	0.9712	0.0437	2606712	19200	0.742
2024-03-28	ProShares S&P 500 Dividend Aristocrats	0.9625	1.6065	2583529	0	0
2024-03-31	MFS Large Cap Growth Equity	0.8387	1.3538	2251088	-758487	-25.2025
2024-03-31	MFS Massachusetts Inv Gr Stk A	0.8387	1.3537	2251088	0	0
2024-03-31	Vanguard Value Index Inv	0.7796	0.0943	2092468	-8515	-0.4053
2024-03-31	Vanguard Mid-Cap Value ETF	0.6615	0.4672	1775602	847818	91.381
2024-03-31	Consumer Staples Select Sector SPDR® ETF	0.6292	0.8337	1688904	-3320	-0.1962
2024-03-31	Vanguard Institutional Index I	0.6146	0.0436	1649745	-5908	-0.3568
2024-03-28	Invesco S&P 500® Equal Weight ETF	0.5759	0.2179	1545913	3840	0.249
2023-12-31	Champlain Mid Cap Adv	0.5644	1.8615	1515000	485000	47.0874
2024-03-31	Vanguard Dividend Appreciation ETF	0.5064	0.1115	1359151	-88413	-6.1077
Total		22.8815	16.0749	61416962	+466440	+0.8%

3.3. Insider Transactions

Insiders are holding 0.015% of the shares of McCormick & Company Incorporated.

Date	Owner	Type	Amount	Price
2024-04-22	Katherine Jenkins	SELL	1726	74.35
2024-04-01	Patricia A Little	SELL	20000	75.57
2024-03-28	Maritza Gomez Montiel	SELL	7000	77
2024-02-15	Michael D Mangan	SELL	5000	65.2
2023-10-25	Jeffery D Schwartz	SELL	2000	64.37
2023-08-21	Michael D Mangan	SELL	5000	83.63
2023-07-28	Jeffery D Schwartz	SELL	2600	90.02
2023-07-26	Jacques Tapiero	SELL	5000	89.88
2023-07-21	Jeffery D Schwartz	SELL	3600	87.48
2023-05-12	Lawrence Erik Kurzius	SELL	39906	90.02

4. Summary

4.1. Key Performance Indicators

The key performance indicators of McCormick & Company Incorporated compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	1.450	1.450	0%	0.995	+46%	1.380	+5%	1.155	+26%
Book Value Per Share	-	-	18.842	18.842	0%	17.392	+8%	16.032	+18%	12.195	+55%
Current Ratio	-	-	0.646	0.646	0%	0.695	-7%	0.685	-6%	0.839	-23%
Debt To Asset Ratio	-	-	0.605	0.605	0%	0.642	-6%	0.649	-7%	0.655	-8%
Debt To Equity Ratio	-	-	1.537	1.537	0%	1.800	-15%	1.868	-18%	1.961	-22%
Dividend Per Share	-	-	1.551	1.551	0%	1.468	+6%	1.344	+15%	1.105	+40%
Eps	-	-	2.314	2.314	0%	2.524	-8%	2.607	-11%	2.347	-1%
Free Cash Flow Per Share	-	-	3.608	3.608	0%	1.442	+150%	2.601	+39%	2.309	+56%
Free Cash Flow To Equity Per Share	-	-	-0.781	-0.781	0%	-0.362	-54%	1.001	-178%	2.334	-133%
Gross Profit Margin	-	-	0.604	0.604	0%	0.648	-7%	0.665	-9%	0.536	+13%
Intrinsic Value_10Y_max	-	-	32.595	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	24.083	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	2.750	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	2.359	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	8.657	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	7.177	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	15.037	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	12.055	-	-	-	-	-	-	-	-
Market Cap	19205625439.680	+9%	17491134000.000	17491134000.000	0%	23015636000.000	-24%	31875751200.000	-45%	29061696800.000	-40%
Net Profit Margin	-	-	0.094	0.094	0%	0.107	-13%	0.117	-20%	0.116	-20%
Operating Margin	-	-	0.145	0.145	0%	0.136	+6%	0.160	-10%	0.152	-5%
Operating Ratio	-	-	0.846	0.846	0%	0.856	-1%	0.833	+2%	0.840	+1%
Pb Ratio	4.049	+15%	3.441	3.441	0%	4.898	-30%	7.895	-56%	10.042	-66%
Pe Ratio	32.975	+15%	28.022	28.022	0%	33.747	-17%	44.871	-38%	47.134	-41%
Price Per Share	76.290	+15%	64.830	64.830	0%	85.180	-24%	118.412	-45%	109.569	-41%
Price To Free Cash Flow Ratio	21.146	+15%	17.969	17.969	0%	59.090	-70%	47.906	-62%	48.919	-63%
Price To Total Gains Ratio	25.419	+15%	21.600	21.600	0%	34.585	-38%	45.639	-53%	84.655	-74%
Quick Ratio	-	-	0.243	0.243	0%	0.264	-8%	0.281	-13%	0.321	-24%
Return On Assets	-	-	0.049	0.049	0%	0.052	-7%	0.058	-16%	0.072	-32%
Return On Equity	-	-	0.123	0.123	0%	0.146	-15%	0.167	-26%	0.209	-41%
Total Gains Per Share	-	-	3.001	3.001	0%	2.463	+22%	2.724	+10%	2.260	+33%
Usd Book Value	-	-	5083500000.000	5083500000.000	0%	4699200000.000	+8%	4320980000.000	+18%	3249240000.000	+56%
Usd Book Value Change Per Share	-	-	1.450	1.450	0%	0.995	+46%	1.380	+5%	1.155	+26%
Usd Book Value Per Share	-	-	18.842	18.842	0%	17.392	+8%	16.032	+18%	12.195	+55%
Usd Dividend Per Share	-	-	1.551	1.551	0%	1.468	+6%	1.344	+15%	1.105	+40%
Usd Eps	-	-	2.314	2.314	0%	2.524	-8%	2.607	-11%	2.347	-1%
Usd Free Cash Flow	-	-	973400000.000	973400000.000	0%	389500000.000	+150%	700460000.000	+39%	612410000.000	+59%
Usd Free Cash Flow Per Share	-	-	3.608	3.608	0%	1.442	+150%	2.601	+39%	2.309	+56%
Usd Free Cash Flow To Equity Per Share	-	-	-0.781	-0.781	0%	-0.362	-54%	1.001	-178%	2.334	-133%
Usd Market Cap	19205625439.680	+9%	17491134000.000	17491134000.000	0%	23015636000.000	-24%	31875751200.000	-45%	29061696800.000	-40%
Usd Price Per Share	76.290	+15%	64.830	64.830	0%	85.180	-24%	118.412	-45%	109.569	-41%
Usd Profit	-	-	624200000.000	624200000.000	0%	682000000.000	-8%	702320000.000	-11%	623420000.000	+0%
Usd Revenue	-	-	6662200000.000	6662200000.000	0%	6350500000.000	+5%	6055860000.000	+10%	5336720000.000	+25%
Usd Total Gains Per Share	-	-	3.001	3.001	0%	2.463	+22%	2.724	+10%	2.260	+33%
	EOD	+4 -4	MRQ	TTM	+0 -0	YOY	+21 -15	5Y	+19 -17	10Y	+21 -15

4.2. Fundamental Score

Let's check the fundamental score of McCormick & Company Incorporated based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	32.975
Price to Book Ratio (EOD)	Between	0-1	4.049
Net Profit Margin (MRQ)	Greater than	0	0.094
Operating Margin (MRQ)	Greater than	0	0.145
Quick Ratio (MRQ)	Greater than	1	0.243
Current Ratio (MRQ)	Greater than	1	0.646
Debt to Asset Ratio (MRQ)	Less than	1	0.605
Debt to Equity Ratio (MRQ)	Less than	1	1.537
Return on Equity (MRQ)	Greater than	0.15	0.123
Return on Assets (MRQ)	Greater than	0.05	0.049
Total			3/10 (30.0%)

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4.3. Technical Score

Let's check the technical score of McCormick & Company Incorporated based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	63.871
Ma 20	Greater than	Ma 50	74.668
Ma 50	Greater than	Ma 100	71.598
Ma 100	Greater than	Ma 200	69.239
Open	Greater than	Close	75.880
Total			3/5 (60.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Latest Balance Sheet

Balance Sheet of 2023-11-30. Currency in USD. All numbers in thousands.

Summary

Total Assets	12,862,300
Total Liabilities	7,778,800
Total Stockholder Equity	5,060,700

	As reported
Total Liabilities	7,778,800
Total Stockholder Equity	+ 5,060,700
Total Assets	= 12,862,300

Assets

Total Assets	12,862,300
Total Current Assets	2,001,600
Long-term Assets	10,860,700

Total Current Assets

Total Current Assets (as reported)	2,001,600
Cash And Cash Equivalents	166,600
Net Receivables	587,500
Inventory	1,126,500
Other Current Assets	73,400
Total Current Assets (calculated)	1,954,000
+/-	47,600

Long-term Assets

Long-term Assets (as reported)	10,860,700
Property Plant Equipment	1,544,700
Goodwill	5,260,100
Long Term Investments	264,100
Intangible Assets	3,516,600
Long-term Assets Other	148,100
Long-term Assets (calculated)	10,733,600
+/-	127,100

Liabilities & Shareholders' Equity

Total Current Liabilities	3,098,900
Long-term Liabilities	4,679,900
Total Stockholder Equity	5,060,700

Total Current Liabilities

Total Current Liabilities (as reported)	3,098,900
Short-term Debt	1,071,500
Short Long Term Debt	1,071,500
Accounts payable	1,119,300
Other Current Liabilities	908,100
Total Current Liabilities (calculated)	4,170,400
+/-	1,071,500

Long-term Liabilities

Long-term Liabilities (as reported)	4,679,900
Long term Debt	3,339,900
Capital Lease Obligations	179,900
Long-term Liabilities Other	175,000
Long-term Liabilities (calculated)	3,694,800
+/-	985,100

Total Stockholder Equity

Total Stockholder Equity (as reported)	5,060,700
Common Stock	2,199,600
Retained Earnings	3,249,700
Accumulated Other Comprehensive Income	-388,600
Total Stockholder Equity (calculated)	5,060,700
+/-	0

Other

Capital Stock	2,199,600
Cash and Short Term Investments	166,600
Common Stock Shares Outstanding	269,800
Liabilities and Stockholders Equity	12,862,300
Net Debt	4,424,700
Net Invested Capital	9,472,100
Net Working Capital	-1,097,300
Property Plant and Equipment Gross	2,797,800
Short Long Term Debt Total	4,591,300

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-11-30

2022-11-30

2021-11-30

2020-11-30

2019-11-30

2018-11-30

2017-11-30

2016-11-30

2015-11-30

2014-11-30

2013-11-30

2012-11-30

2011-11-30

2010-11-30

2009-11-30

2008-11-30

2007-11-30

2006-11-30

2005-11-30

2004-11-30

2003-11-30

2002-11-30

2001-11-30

2000-11-30

1999-11-30

1998-11-30

1997-11-30

1996-11-30

1995-11-30

1994-11-30

1993-11-30

1992-11-30

1991-11-30

1990-11-30

1989-11-30

1988-11-30

1987-11-30

1986-11-30

1985-11-30

> Total Assets

582,400
628,900
718,000
770,200
864,500
946,900
1,032,000
1,130,900
1,313,200
1,568,700
1,614,300
1,326,600
1,256,200
1,259,100
1,188,800
1,659,900
1,772,000
1,930,800
2,148,200
2,369,600
2,272,700
2,568,000
2,787,500
3,220,300
3,387,800
3,419,700
4,087,800
4,165,400
4,449,700
4,414,300
4,507,800
4,635,900
10,385,800
10,256,400
10,362,100
12,089,700
12,905,800
13,124,900
12,862,300

12,862,300

13,124,900

12,905,800

12,089,700

10,362,100

10,256,400

10,385,800

4,635,900

4,507,800

4,414,300

4,449,700

4,165,400

4,087,800

3,419,700

3,387,800

3,220,300

2,787,500

2,568,000

2,272,700

2,369,600

2,148,200

1,930,800

1,772,000

1,659,900

1,188,800

1,259,100

1,256,200

1,326,600

1,614,300

1,568,700

1,313,200

1,130,900

1,032,000

946,900

864,500

770,200

718,000

628,900

582,400

> Total Current Assets

279,600
324,700
367,200
386,800
427,300
408,900
445,200
468,100
540,200
657,700
670,700
534,400
506,500
503,800
490,600
620,000
635,800
724,600
762,100
864,000
800,200
899,400
983,100
968,300
970,500
1,015,900
1,222,900
1,285,400
1,370,200
1,416,200
1,406,500
1,421,800
1,617,000
1,479,900
1,550,200
2,083,600
2,195,800
2,386,700
2,001,600

2,001,600

2,386,700

2,195,800

2,083,600

1,550,200

1,479,900

1,617,000

1,421,800

1,406,500

1,416,200

1,370,200

1,285,400

1,222,900

1,015,900

970,500

968,300

983,100

899,400

800,200

864,000

762,100

724,600

635,800

620,000

490,600

503,800

506,500

534,400

670,700

657,700

540,200

468,100

445,200

408,900

427,300

386,800

367,200

324,700

279,600

Cash And Cash Equivalents

2,600
4,400
7,400
11,300
51,600
5,300
6,000
1,800
12,800
15,600
12,500
22,400
13,500
17,700
12,000
23,900
31,300
47,300
25,100
70,300
30,300
49,000
45,900
38,900
39,500
50,800
53,900
79,000
63,000
77,300
112,600
118,400
186,800
96,600
155,400
423,600
351,700
334,000
166,600

166,600

334,000

351,700

423,600

155,400

96,600

186,800

118,400

112,600

77,300

63,000

79,000

53,900

50,800

39,500

38,900

45,900

49,000

30,300

70,300

25,100

47,300

31,300

23,900

12,000

17,700

13,500

22,400

12,500

15,600

12,800

1,800

6,000

5,300

51,600

11,300

7,400

4,400

2,600

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-95,700
-86,100
12,200
-73,100
-88,300
-97,600
-107,900
0
0
0
0
0
0

-107,900

-97,600

-88,300

-73,100

12,200

-86,100

-95,700

Net Receivables

95,100
109,600
113,400
124,500
118,300
144,300
149,700
158,000
175,100
208,800
224,000
217,500
217,200
212,800
213,900
303,300
295,500
341,800
347,500
407,600
369,300
379,100
456,500
414,700
365,300
386,700
427,000
465,900
495,500
493,600
455,200
465,200
555,100
518,100
502,900
528,500
549,500
573,700
587,500

587,500

573,700

549,500

528,500

502,900

518,100

555,100

465,200

455,200

493,600

495,500

465,900

427,000

386,700

365,300

414,700

456,500

379,100

369,300

407,600

347,500

341,800

295,500

303,300

213,900

212,800

217,200

217,500

224,000

208,800

175,100

158,000

149,700

144,300

118,300

124,500

113,400

109,600

95,100

Inventory

168,300
187,800
218,800
220,800
217,700
238,800
268,600
282,200
321,300
374,500
383,200
245,100
252,100
250,900
234,200
274,000
278,100
306,300
362,800
350,200
344,000
405,700
430,200
439,000
445,900
477,600
613,700
615,000
676,900
713,800
710,800
756,300
793,300
786,300
801,200
1,032,600
1,182,300
1,340,100
1,126,500

1,126,500

1,340,100

1,182,300

1,032,600

801,200

786,300

793,300

756,300

710,800

713,800

676,900

615,000

613,700

477,600

445,900

439,000

430,200

405,700

344,000

350,200

362,800

306,300

278,100

274,000

234,200

250,900

252,100

245,100

383,200

374,500

321,300

282,200

268,600

238,800

217,700

220,800

218,800

187,800

168,300

Other Current Assets

13,600
22,900
27,600
30,200
39,700
20,500
20,900
26,100
31,000
58,800
51,000
49,400
23,700
22,400
30,500
18,800
30,900
29,200
26,700
35,900
56,600
44,000
39,700
65,600
119,800
100,800
110,500
125,500
97,100
131,500
127,900
81,900
81,800
51,700
90,700
98,900
70,600
77,200
73,400

73,400

77,200

70,600

98,900

90,700

51,700

81,800

81,900

127,900

131,500

97,100

125,500

110,500

100,800

119,800

65,600

39,700

44,000

56,600

35,900

26,700

29,200

30,900

18,800

30,500

22,400

23,700

49,400

51,000

58,800

31,000

26,100

20,900

20,500

39,700

30,200

27,600

22,900

13,600

> Long-term Assets

302,800
304,200
350,800
383,400
437,200
538,000
586,800
662,800
773,000
911,000
943,600
792,200
749,700
755,300
698,200
1,039,900
1,136,200
1,206,200
1,386,100
1,505,600
1,472,500
1,668,600
1,804,400
2,252,000
2,417,300
2,403,800
2,864,900
2,880,000
3,079,500
2,998,100
3,101,300
3,214,100
8,768,800
8,776,500
8,811,900
10,006,100
10,710,000
10,738,200
10,860,700

10,860,700

10,738,200

10,710,000

10,006,100

8,811,900

8,776,500

8,768,800

3,214,100

3,101,300

2,998,100

3,079,500

2,880,000

2,864,900

2,403,800

2,417,300

2,252,000

1,804,400

1,668,600

1,472,500

1,505,600

1,386,100

1,206,200

1,136,200

1,039,900

698,200

755,300

749,700

792,200

943,600

911,000

773,000

662,800

586,800

538,000

437,200

383,400

350,800

304,200

302,800

Property Plant Equipment

161,600
177,400
198,500
228,400
330,100
354,000
378,500
418,500
465,600
504,600
524,800
400,400
380,000
377,000
363,300
373,000
424,500
468,300
458,300
486,600
469,700
469,500
487,600
461,100
489,800
488,000
523,100
547,300
576,600
602,700
618,400
669,400
809,100
985,100
952,600
1,028,400
1,277,100
1,416,900
1,544,700

1,544,700

1,416,900

1,277,100

1,028,400

952,600

985,100

809,100

669,400

618,400

602,700

576,600

547,300

523,100

488,000

489,800

461,100

487,600

469,500

469,700

486,600

458,300

468,300

424,500

373,000

363,300

377,000

380,000

400,400

524,800

504,600

465,600

418,500

378,500

354,000

330,100

228,400

198,500

177,400

161,600

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
453,000
0
499,500
708,700
712,900
663,900
803,800
879,500
1,230,200
1,479,700
1,417,400
1,694,200
1,695,300
1,798,500
1,722,200
1,759,300
1,771,400
4,490,100
4,527,900
4,505,200
4,986,300
5,335,800
5,212,900
5,260,100

5,260,100

5,212,900

5,335,800

4,986,300

4,505,200

4,527,900

4,490,100

1,771,400

1,759,300

1,722,200

1,798,500

1,695,300

1,694,200

1,417,400

1,479,700

1,230,200

879,500

803,800

663,900

712,900

708,700

499,500

453,000

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
313,900
371,000
342,400
351,500
348,400
398,500
390,200
507,100
752,000
781,400
939,400
264,100

264,100

939,400

781,400

752,000

507,100

390,200

398,500

348,400

351,500

342,400

371,000

313,900

Intangible Assets

53,500
51,400
60,200
64,900
57,800
76,000
70,800
87,600
130,600
196,200
180,800
165,100
158,000
160,900
142,800
453,000
464,600
6,500
716,900
828,100
822,200
193,600
207,500
374,800
237,300
232,500
350,000
323,500
333,400
330,800
372,100
424,900
3,071,100
2,873,300
2,847,000
3,239,400
3,593,600
3,548,500
3,516,600

3,516,600

3,548,500

3,593,600

3,239,400

2,847,000

2,873,300

3,071,100

424,900

372,100

330,800

333,400

323,500

350,000

232,500

237,300

374,800

207,500

193,600

822,200

828,100

716,900

6,500

464,600

453,000

142,800

160,900

158,000

165,100

180,800

196,200

130,600

87,600

70,800

76,000

57,800

64,900

60,200

51,400

53,500

Long-term Assets Other

87,700
75,400
92,100
90,100
49,300
108,000
137,500
156,700
176,800
210,200
238,000
226,700
211,700
217,400
192,100
213,900
247,100
231,900
210,900
190,900
180,600
201,700
229,800
185,900
26,600
265,900
95,700
57,700
87,700
55,800
67,600
80,900
107,900
102,200
507,100
176,300
202,200
276,900
148,100

148,100

276,900

202,200

176,300

507,100

102,200

107,900

80,900

67,600

55,800

87,700

57,700

95,700

265,900

26,600

185,900

229,800

201,700

180,600

190,900

210,900

231,900

247,100

213,900

192,100

217,400

211,700

226,700

238,000

210,200

176,800

156,700

137,500

108,000

49,300

90,100

92,100

75,400

87,700

> Total Liabilities

321,500
357,600
437,700
476,200
518,300
582,500
642,800
693,000
846,400
1,078,700
1,095,000
876,600
863,100
871,000
806,400
1,300,600
1,308,900
1,338,500
1,370,800
1,448,900
1,443,600
1,631,100
1,692,500
2,165,000
2,053,200
1,957,000
2,469,300
2,465,200
2,502,000
2,604,900
2,820,900
2,997,800
7,814,900
7,074,200
6,905,400
8,149,700
8,480,300
8,425,700
7,778,800

7,778,800

8,425,700

8,480,300

8,149,700

6,905,400

7,074,200

7,814,900

2,997,800

2,820,900

2,604,900

2,502,000

2,465,200

2,469,300

1,957,000

2,053,200

2,165,000

1,692,500

1,631,100

1,443,600

1,448,900

1,370,800

1,338,500

1,308,900

1,300,600

806,400

871,000

863,100

876,600

1,095,000

1,078,700

846,400

693,000

642,800

582,500

518,300

476,200

437,700

357,600

321,500

> Total Current Liabilities

213,000
234,300
272,400
277,300
245,300
305,900
360,200
419,600
392,900
600,800
646,900
499,300
498,200
518,000
470,600
1,027,200
713,700
673,400
712,700
772,700
699,000
780,500
861,300
1,034,100
818,200
834,800
993,300
1,187,600
1,063,100
1,122,000
1,240,200
1,422,700
1,947,300
2,001,700
2,154,400
3,046,500
3,223,800
3,432,400
3,098,900

3,098,900

3,432,400

3,223,800

3,046,500

2,154,400

2,001,700

1,947,300

1,422,700

1,240,200

1,122,000

1,063,100

1,187,600

993,300

834,800

818,200

1,034,100

861,300

780,500

699,000

772,700

712,700

673,400

713,700

1,027,200

470,600

518,000

498,200

499,300

646,900

600,800

392,900

419,600

360,200

305,900

245,300

277,300

272,400

234,300

213,000

Short-term Debt

56,500
51,900
76,700
71,100
50,500
62,300
112,400
146,600
110,100
232,000
307,300
109,000
121,300
163,600
100,600
551,900
210,800
137,300
171,000
173,200
106,100
81,400
149,600
354,000
116,100
100,400
222,400
392,600
214,100
270,800
343,000
393,200
583,200
643,500
698,400
1,150,600
1,309,400
1,507,300
1,071,500

1,071,500

1,507,300

1,309,400

1,150,600

698,400

643,500

583,200

393,200

343,000

270,800

214,100

392,600

222,400

100,400

116,100

354,000

149,600

81,400

106,100

173,200

171,000

137,300

210,800

551,900

100,600

163,600

121,300

109,000

307,300

232,000

110,100

146,600

112,400

62,300

50,500

71,100

76,700

51,900

56,500

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,200
204,100
393,200
583,200
643,500
698,400
1,150,600
1,309,400
1,507,300
1,071,500

1,071,500

1,507,300

1,309,400

1,150,600

698,400

643,500

583,200

393,200

204,100

1,200

Accounts payable

0
0
0
0
75,800
96,000
95,000
108,500
113,900
128,200
136,700
153,600
150,300
145,900
148,800
185,300
184,000
202,300
178,800
195,100
198,200
224,400
243,300
266,100
283,600
302,700
366,600
375,800
387,300
372,100
411,900
450,800
639,900
710,000
846,900
1,032,300
1,064,200
1,171,000
1,119,300

1,119,300

1,171,000

1,064,200

1,032,300

846,900

710,000

639,900

450,800

411,900

372,100

387,300

375,800

366,600

302,700

283,600

266,100

243,300

224,400

198,200

195,100

178,800

202,300

184,000

185,300

148,800

145,900

150,300

153,600

136,700

128,200

113,900

108,500

95,000

96,000

75,800

Other Current Liabilities

156,500
182,400
195,700
206,200
119,000
147,600
152,800
164,500
168,900
240,600
202,900
236,700
226,600
208,500
221,200
290,000
318,900
333,800
362,900
404,400
394,700
474,700
468,400
414,000
418,500
431,700
404,300
173,600
461,700
479,100
485,300
578,700
724,200
648,200
609,100
863,600
850,200
754,100
908,100

908,100

754,100

850,200

863,600

609,100

648,200

724,200

578,700

485,300

479,100

461,700

173,600

404,300

431,700

418,500

414,000

468,400

474,700

394,700

404,400

362,900

333,800

318,900

290,000

221,200

208,500

226,600

236,700

202,900

240,600

168,900

164,500

152,800

147,600

119,000

206,200

195,700

182,400

156,500

> Long-term Liabilities

108,500
123,300
165,300
198,900
273,000
276,600
282,600
273,400
453,500
477,900
448,100
377,300
364,900
353,000
335,800
273,400
595,200
665,100
658,100
676,200
744,600
850,600
831,200
1,130,900
1,235,000
1,122,200
1,476,000
1,277,600
1,438,900
1,482,900
1,580,700
1,575,100
5,867,600
5,072,500
4,751,000
5,103,200
5,256,500
4,993,300
4,679,900

4,679,900

4,993,300

5,256,500

5,103,200

4,751,000

5,072,500

5,867,600

1,575,100

1,580,700

1,482,900

1,438,900

1,277,600

1,476,000

1,122,200

1,235,000

1,130,900

831,200

850,600

744,600

676,200

658,100

665,100

595,200

273,400

335,800

353,000

364,900

377,300

448,100

477,900

453,500

273,400

282,600

276,600

273,000

198,900

165,300

123,300

108,500

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
779,900
0
779,200
1,019,000
1,014,100
1,052,700
1,054,000
4,443,900
4,052,900
3,625,800
3,753,800
3,973,300
3,642,300
0

3,642,300

3,973,300

3,753,800

3,625,800

4,052,900

4,443,900

1,054,000

1,052,700

1,014,100

1,019,000

779,200

779,900

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
110,000
115,300
211,200
209,500
211,200
201,500
212,900
202,800
198,000
327,200
293,800
374,800
441,600
280,600
360,600
495,700
521,100
1,423,700
1,019,600
1,125,200
1,245,900
1,283,200
1,174,900
0

1,174,900

1,283,200

1,245,900

1,125,200

1,019,600

1,423,700

521,100

495,700

360,600

280,600

441,600

374,800

293,800

327,200

198,000

202,800

212,900

201,500

211,200

209,500

211,200

115,300

110,000

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,094,500
706,500
697,600
727,200
792,300
866,300
0

866,300

792,300

727,200

697,600

706,500

1,094,500

> Total Stockholder Equity

260,900
271,300
280,300
294,000
346,200
364,400
389,200
437,900
466,800
490,000
519,300
450,000
393,100
388,100
382,400
359,300
463,100
592,300
755,200
889,700
799,900
933,300
1,085,100
1,055,300
1,334,600
1,453,700
1,601,700
1,682,900
1,932,500
1,792,200
1,670,200
1,626,600
2,559,900
3,170,900
3,444,200
3,926,100
4,411,000
4,680,500
5,060,700

5,060,700

4,680,500

4,411,000

3,926,100

3,444,200

3,170,900

2,559,900

1,626,600

1,670,200

1,792,200

1,932,500

1,682,900

1,601,700

1,453,700

1,334,600

1,055,300

1,085,100

933,300

799,900

889,700

755,200

592,300

463,100

359,300

382,400

388,100

393,100

450,000

519,300

490,000

466,800

437,900

389,200

364,400

346,200

294,000

280,300

271,300

260,900

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
173,800
175,300
202,900
230,700
262,600
336,000
386,900
444,300
501,000
88,165
634,000
756,500
821,900
908,200
962,400
995,600
1,039,600
1,084,200
1,672,900
1,770,600
1,888,600
1,981,300
2,055,100
2,138,600
2,199,600

2,199,600

2,138,600

2,055,100

1,981,300

1,888,600

1,770,600

1,672,900

1,084,200

1,039,600

995,600

962,400

908,200

821,900

756,500

634,000

88,165

501,000

444,300

386,900

336,000

262,600

230,700

202,900

175,300

173,800

Retained Earnings

217,800
239,300
253,900
282,000
277,800
274,400
280,600
318,700
330,300
343,300
387,700
313,800
264,300
262,300
242,800
263,300
344,100
458,900
472,600
434,100
385,400
348,700
323,800
425,400
591,500
700,900
838,800
934,600
970,400
982,600
1,036,700
1,056,800
1,166,500
1,760,200
2,055,800
2,415,600
2,782,400
3,022,500
3,249,700

3,249,700

3,022,500

2,782,400

2,415,600

2,055,800

1,760,200

1,166,500

1,056,800

1,036,700

982,600

970,400

934,600

838,800

700,900

591,500

425,400

323,800

348,700

385,400

434,100

472,600

458,900

344,100

263,300

242,800

262,300

264,300

313,800

387,700

343,300

330,300

318,700

280,600

274,400

277,800

282,000

253,900

239,300

217,800

Capital Surplus

Treasury Stock

Other Stockholders Equity

43,100
32,000
26,400
12,000
68,100
90,000
108,600
119,200
136,500
479,200
504,200
429,600
442,300
472,100
337,500
327,700
378,900
407,200
474,100
622,000
-400
444,300
501,000
493,635
634,000
756,800
821,900
908,300
830,800
645,600
-100
-400
500
100
1,441,000
1,497,300
1,525,100
1,570,000
0

1,570,000

1,525,100

1,497,300

1,441,000

100

500

-400

-100

645,600

830,800

908,300

821,900

756,800

634,000

493,635

501,000

444,300

-400

622,000

474,100

407,200

378,900

327,700

337,500

472,100

442,300

429,600

504,200

479,200

136,500

119,200

108,600

90,000

68,100

12,000

26,400

32,000

43,100

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-11-30	2022-11-30	2021-11-30	2020-11-30	2019-11-30	2018-11-30	2017-11-30	2016-11-30	2015-11-30	2014-11-30	2013-11-30	2012-11-30	2011-11-30	2010-11-30	2009-11-30	2008-11-30	2007-11-30	2006-11-30	2005-11-30	2004-11-30	2003-11-30	2002-11-30	2001-11-30	2000-11-30	1999-11-30	1998-11-30	1997-11-30	1996-11-30	1995-11-30	1994-11-30	1993-11-30	1992-11-30	1991-11-30	1990-11-30	1989-11-30	1988-11-30	1987-11-30	1986-11-30	1985-11-30
Accounts Payable	1,119,300	1,171,000	1,064,200	1,032,300	846,900	710,000	639,900	450,800	411,900	372,100	387,300	375,800	366,600	302,700	283,600	266,100	243,300	224,400	198,200	195,100	178,800	202,300	184,000	185,300	148,800	145,900	150,300	153,600	136,700	128,200	113,900	108,500	95,000	96,000	75,800	-	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Accumulated Other Comprehensive Income	-388,600	-480,600	-426,500	-470,800	-500,200	-359,900	-279,500	-514,400	-406,100	-186,000	-300	-159,900	-59,000	-3,700	109,100	48,100	260,300	140,300	27,600	119,600	20,000	-97,300	-83,900	-79,300	-34,200	-346,300	-313,500	-293,400	-372,600	-332,500	0	0	0	0	0	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Capital Lease Obligations	179,900	176,100	106,100	103,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Capital Stock	2,199,600	2,138,600	2,055,100	1,981,300	1,888,600	1,770,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Cash	166,600	334,000	351,700	423,600	155,400	96,600	186,800	118,400	112,600	77,300	63,000	79,000	53,900	50,800	39,500	38,900	45,900	49,000	30,300	70,300	25,100	47,300	31,300	23,900	12,000	17,700	13,500	22,400	12,500	15,600	12,800	1,800	6,000	5,300	51,600	11,300	7,400	4,400	2,600
Cash And Equivalents	0	334,000	351,700	423,600	155,400	96,600	186,800	118,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Cash And Short Term Investments	166,600	334,000	351,700	423,600	155,400	96,600	186,800	118,400	112,600	77,300	63,000	79,000	53,900	50,800	39,500	38,900	45,900	49,000	30,300	70,300	25,100	47,300	31,300	23,900	12,000	17,700	13,500	22,400	12,500	15,600	12,800	1,800	6,000	5,300	51,600	11,300	7,400	4,400	2,600
Common Stock	2,199,600	2,138,600	2,055,100	1,981,300	1,888,600	1,770,600	1,672,900	1,084,200	1,039,600	995,600	962,400	908,200	821,900	756,500	634,000	88,165	501,000	444,300	386,900	336,000	262,600	230,700	202,900	175,300	173,800	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Common Stock Shares Outstanding	269,800	270,200	269,900	269,100	268,200	266,500	256,800	256,000	258,400	262,000	267,200	268,600	268,600	269,400	264,600	263,600	266,012	269,600	275,513	282,237	284,865	285,397	280,109	277,778	288,951	294,468	255,368	312,820	324,724	324,824	323,996	321,232	318,728	319,464	331,664	360,448	373,344	385,920	392,000
Common Stock Total Equity	0	2,138,600	2,055,100	1,981,300	1,888,600	1,770,600	1,672,900	1,084,200	1,039,600	995,600	962,400	908,200	0	756,500	0	0	0	0	386,900	336,000	262,600	230,700	202,900	175,300	173,800	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	245,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Deferred Long Term Liab	0	866,300	792,300	727,200	697,600	706,500	1,094,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Good Will	5,260,100	5,212,900	5,335,800	4,986,300	4,505,200	4,527,900	4,490,100	1,771,400	1,759,300	1,722,200	1,798,500	1,695,300	1,694,200	1,417,400	1,479,700	1,230,200	879,500	803,800	663,900	712,900	708,700	499,500	0	453,000	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Intangible Assets	3,516,600	3,548,500	3,593,600	3,239,400	2,847,000	2,873,300	3,071,100	424,900	372,100	330,800	333,400	323,500	350,000	232,500	237,300	374,800	207,500	193,600	822,200	828,100	716,900	6,500	464,600	453,000	142,800	160,900	158,000	165,100	180,800	196,200	130,600	87,600	70,800	76,000	57,800	64,900	60,200	51,400	53,500
Inventory	1,126,500	1,340,100	1,182,300	1,032,600	801,200	786,300	793,300	756,300	710,800	713,800	676,900	615,000	613,700	477,600	445,900	439,000	430,200	405,700	344,000	350,200	362,800	306,300	278,100	274,000	234,200	250,900	252,100	245,100	383,200	374,500	321,300	282,200	268,600	238,800	217,700	220,800	218,800	187,800	168,300
Liabilities And Stockholders Equity	12,862,300	13,124,900	12,905,800	12,089,700	10,362,100	10,256,400	10,385,800	4,635,900	4,507,800	4,414,300	4,449,700	4,165,400	4,087,800	3,419,700	3,387,800	3,220,300	2,787,500	2,568,000	2,272,700	2,369,600	2,148,200	1,930,800	1,772,000	1,659,900	1,188,800	1,259,100	1,256,200	1,326,600	1,614,300	1,568,700	1,313,200	1,130,900	1,032,000	946,900	864,500	770,200	718,000	628,900	582,400
Long Term Debt	3,339,900	3,642,300	3,973,300	3,753,800	3,625,800	4,052,900	4,443,900	1,054,000	1,052,700	1,014,100	1,019,000	779,200	1,029,700	779,900	875,000	885,200	573,500	569,600	463,900	465,000	448,600	453,900	454,100	160,200	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Long Term Debt Total	0	3,642,300	3,973,300	3,753,800	3,625,800	4,052,900	4,443,900	1,054,000	1,052,700	1,014,100	1,019,000	779,200	0	779,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Long Term Investments	264,100	939,400	781,400	752,000	507,100	390,200	398,500	348,400	351,500	342,400	371,000	313,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Debt	4,424,700	4,991,700	5,037,100	4,480,800	4,168,800	4,599,800	4,840,300	1,328,800	1,283,100	1,207,600	1,170,100	1,092,800	1,198,200	829,500	951,600	1,200,300	677,200	602,000	539,700	567,900	594,500	543,900	633,600	688,200	330,000	396,300	384,300	377,800	643,900	590,700	443,700	345,900	314,000	268,500	209,400	225,500	208,200	149,700	148,700
Net Invested Capital	9,472,100	9,830,100	9,693,700	8,830,500	7,768,400	7,867,300	7,587,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Receivables	587,500	573,700	549,500	528,500	502,900	518,100	555,100	465,200	455,200	493,600	495,500	465,900	427,000	386,700	365,300	414,700	456,500	379,100	369,300	407,600	347,500	341,800	295,500	303,300	213,900	212,800	217,200	217,500	224,000	208,800	175,100	158,000	149,700	144,300	118,300	124,500	113,400	109,600	95,100
Net Tangible Assets	0	-3,920,300	-4,377,300	-4,299,600	-3,908,000	-4,230,300	-5,001,300	-569,700	-461,200	-260,800	-199,400	-335,900	0	-196,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Working Capital	-1,097,300	-1,045,700	-1,028,000	-962,900	-604,200	-521,800	-330,300	-900	166,300	294,200	307,100	97,800	229,600	181,100	152,300	-65,800	121,800	118,900	101,200	91,300	49,400	51,200	-77,900	-407,200	20,000	-14,200	8,300	35,100	23,800	56,900	147,300	48,500	85,000	103,000	182,000	-	-	-	-
Non Current Assets Total	10,860,700	10,738,200	10,710,000	10,006,100	8,811,900	8,776,500	8,768,800	3,214,100	3,101,300	2,998,100	3,079,500	2,880,000	2,864,900	2,403,800	2,417,300	2,252,000	1,804,400	1,668,600	1,472,500	1,505,600	1,386,100	1,206,200	1,136,200	1,039,900	698,200	755,300	749,700	792,200	943,600	911,000	773,000	662,800	586,800	538,000	437,200	383,400	350,800	304,200	302,800
Non Current Liabilities Other	175,000	484,700	490,900	622,200	427,600	313,100	329,200	521,100	528,000	468,800	419,900	498,400	0	342,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Current Liabilities Total	4,679,900	4,993,300	5,256,500	5,103,200	4,751,000	5,072,500	5,867,600	1,575,100	1,580,700	1,482,900	1,438,900	1,277,600	1,476,000	1,122,200	1,235,000	1,130,900	831,200	850,600	744,600	676,200	658,100	665,100	595,200	273,400	335,800	353,000	364,900	377,300	448,100	477,900	453,500	273,400	282,600	276,600	273,000	198,900	165,300	123,300	108,500
Non Currrent Assets Other	148,100	276,900	202,200	176,300	507,100	102,200	107,900	80,900	67,600	55,800	87,700	57,700	95,700	265,900	26,600	185,900	229,800	201,700	180,600	190,900	210,900	231,900	247,100	213,900	192,100	217,400	211,700	226,700	238,000	210,200	176,800	156,700	137,500	108,000	49,300	90,100	92,100	75,400	87,700
Noncontrolling Interest In Consolidated Entity	0	18,700	14,500	13,900	12,500	11,300	11,000	11,500	16,700	17,200	15,200	17,300	0	9,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Assets	0	939,400	202,200	176,300	120,300	102,200	107,900	97,600	102,200	73,100	107,000	86,100	95,700	78,900	87,600	87,300	121,800	105,400	72,600	87,500	118,800	142,800	163,900	138,700	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Current Assets	73,400	77,200	70,600	98,900	90,700	51,700	81,800	81,900	127,900	131,500	97,100	125,500	110,500	100,800	119,800	65,600	39,700	44,000	56,600	35,900	26,700	29,200	30,900	18,800	30,500	22,400	23,700	49,400	51,000	58,800	31,000	26,100	20,900	20,500	39,700	30,200	27,600	22,900	13,600
Other Current Liab	908,100	754,100	850,200	863,600	609,100	648,200	724,200	578,700	485,300	479,100	461,700	173,600	404,300	431,700	418,500	414,000	468,400	474,700	394,700	404,400	362,900	333,800	318,900	290,000	221,200	208,500	226,600	236,700	202,900	240,600	168,900	164,500	152,800	147,600	119,000	206,200	195,700	182,400	156,500
Other Liab	0	1,174,900	1,283,200	1,245,900	1,125,200	1,019,600	1,423,700	521,100	495,700	360,600	280,600	441,600	374,800	293,800	327,200	198,000	202,800	212,900	201,500	211,200	209,500	211,200	115,300	110,000	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Stockholder Equity	0	1,570,000	1,525,100	1,497,300	1,441,000	100	500	-400	-100	645,600	830,800	908,300	821,900	756,800	634,000	493,635	501,000	444,300	-400	622,000	474,100	407,200	378,900	327,700	337,500	472,100	442,300	429,600	504,200	479,200	136,500	119,200	108,600	90,000	68,100	12,000	26,400	32,000	43,100
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Property Plant And Equipment Gross	2,797,800	2,551,900	2,339,000	1,165,200	952,600	985,100	809,100	669,400	618,400	602,700	576,600	547,300	523,100	488,000	489,800	461,100	487,600	469,500	469,700	486,600	458,300	468,300	424,500	373,000	363,300	377,000	380,000	400,400	524,800	504,600	0	0	0	0	0	-	-	-	-
Property Plant And Equipment Net	1,544,700	1,416,900	1,277,100	1,028,400	952,600	985,100	809,100	669,400	618,400	602,700	576,600	547,300	523,100	488,000	489,800	461,100	487,600	469,500	469,700	486,600	458,300	468,300	424,500	373,000	363,300	377,000	380,000	400,400	524,800	504,600	465,600	418,500	378,500	354,000	330,100	228,400	198,500	177,400	161,600
Property Plant Equipment	0	1,198,000	1,140,300	1,028,400	952,600	985,100	809,100	669,400	618,400	602,700	576,600	547,300	523,100	488,000	489,800	461,100	487,600	469,500	469,700	486,600	458,300	468,300	424,500	373,000	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Retained Earnings	3,249,700	3,022,500	2,782,400	2,415,600	2,055,800	1,760,200	1,166,500	1,056,800	1,036,700	982,600	970,400	934,600	838,800	700,900	591,500	425,400	323,800	348,700	385,400	434,100	472,600	458,900	344,100	263,300	242,800	262,300	264,300	313,800	387,700	343,300	330,300	318,700	280,600	274,400	277,800	282,000	253,900	239,300	217,800
Retained Earnings Total Equity	0	3,022,500	2,782,400	2,415,600	2,055,800	1,760,200	1,166,500	1,056,800	1,036,700	982,600	970,400	934,600	0	700,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Long Term Debt	1,071,500	1,507,300	1,309,400	1,150,600	698,400	643,500	583,200	393,200	204,100	1,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Long Term Debt Total	4,591,300	5,325,700	5,388,800	4,904,400	4,324,200	4,696,400	5,027,100	1,447,200	1,395,700	1,284,900	1,233,100	1,171,800	1,252,100	880,300	991,100	1,239,200	723,100	651,000	570,000	638,200	619,600	591,200	664,900	712,100	342,000	414,000	397,800	400,200	656,400	606,300	456,500	347,700	320,000	273,800	261,000	236,800	215,600	154,100	151,300
Short Term Debt	1,071,500	1,507,300	1,309,400	1,150,600	698,400	643,500	583,200	393,200	343,000	270,800	214,100	392,600	222,400	100,400	116,100	354,000	149,600	81,400	106,100	173,200	171,000	137,300	210,800	551,900	100,600	163,600	121,300	109,000	307,300	232,000	110,100	146,600	112,400	62,300	50,500	71,100	76,700	51,900	56,500
Short Term Investments	0	0	0	0	0	0	-107,900	-97,600	-88,300	-73,100	12,200	-86,100	-95,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Assets	12,862,300	13,124,900	12,905,800	12,089,700	10,362,100	10,256,400	10,385,800	4,635,900	4,507,800	4,414,300	4,449,700	4,165,400	4,087,800	3,419,700	3,387,800	3,220,300	2,787,500	2,568,000	2,272,700	2,369,600	2,148,200	1,930,800	1,772,000	1,659,900	1,188,800	1,259,100	1,256,200	1,326,600	1,614,300	1,568,700	1,313,200	1,130,900	1,032,000	946,900	864,500	770,200	718,000	628,900	582,400
Total Current Assets	2,001,600	2,386,700	2,195,800	2,083,600	1,550,200	1,479,900	1,617,000	1,421,800	1,406,500	1,416,200	1,370,200	1,285,400	1,222,900	1,015,900	970,500	968,300	983,100	899,400	800,200	864,000	762,100	724,600	635,800	620,000	490,600	503,800	506,500	534,400	670,700	657,700	540,200	468,100	445,200	408,900	427,300	386,800	367,200	324,700	279,600
Total Current Liabilities	3,098,900	3,432,400	3,223,800	3,046,500	2,154,400	2,001,700	1,947,300	1,422,700	1,240,200	1,122,000	1,063,100	1,187,600	993,300	834,800	818,200	1,034,100	861,300	780,500	699,000	772,700	712,700	673,400	713,700	1,027,200	470,600	518,000	498,200	499,300	646,900	600,800	392,900	419,600	360,200	305,900	245,300	277,300	272,400	234,300	213,000
Total Liab	7,778,800	8,425,700	8,480,300	8,149,700	6,905,400	7,074,200	7,814,900	2,997,800	2,820,900	2,604,900	2,502,000	2,465,200	2,469,300	1,957,000	2,053,200	2,165,000	1,692,500	1,631,100	1,443,600	1,448,900	1,370,800	1,338,500	1,308,900	1,300,600	806,400	871,000	863,100	876,600	1,095,000	1,078,700	846,400	693,000	642,800	582,500	518,300	476,200	437,700	357,600	321,500
Total Permanent Equity	0	0	0	0	0	0	2,570,900	1,638,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Stockholder Equity	5,060,700	4,680,500	4,411,000	3,926,100	3,444,200	3,170,900	2,559,900	1,626,600	1,670,200	1,792,200	1,932,500	1,682,900	1,601,700	1,453,700	1,334,600	1,055,300	1,085,100	933,300	799,900	889,700	755,200	592,300	463,100	359,300	382,400	388,100	393,100	450,000	519,300	490,000	466,800	437,900	389,200	364,400	346,200	294,000	280,300	271,300	260,900
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-

	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-08-31	2013-05-31	2013-02-28	2012-11-30	2012-08-31	2012-05-31	2012-02-29	2011-11-30	2011-08-31	2011-05-31	2011-02-28	2010-11-30	2010-08-31	2010-05-31	2010-02-28	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-11-30	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-11-30	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-02-28	2004-11-30	2004-08-31	2004-05-31	2004-02-29	2003-11-30	2003-08-31	2003-05-31	2003-02-28	2002-11-30	2002-08-31	2002-05-31	2002-02-28	2001-11-30	2001-08-31	2001-05-31	2001-02-28	2000-11-30	2000-08-31	2000-05-31	2000-02-29	1999-11-30	1999-08-31	1999-05-31	1999-02-28	1998-11-30	1998-08-31	1998-05-31	1998-02-28	1997-11-30	1997-08-31	1997-05-31	1997-02-28	1996-11-30	1996-08-31	1996-05-31	1996-02-29	1995-11-30	1995-08-31	1995-05-31	1995-02-28	1994-11-30	1994-08-31	1994-05-31	1994-02-28	1993-11-30	1993-08-31	1993-05-31	1993-02-28	1992-11-30	1992-08-31	1992-05-31	1992-02-29	1991-11-30	1991-08-31	1991-05-31	1991-02-28	1990-11-30	1990-08-31	1990-05-31	1990-02-28	1989-11-30	1989-08-31	1989-05-31	1989-02-28	1988-11-30	1988-08-31	1988-05-31	1988-02-29	1987-11-30	1987-08-31	1987-05-31	1987-02-28	1986-11-30	1986-08-31	1986-05-31	1986-02-28	1985-11-30	1985-08-31
Accounts Payable	1,133,300	1,119,300	1,099,900	1,100,000	1,124,300	1,171,000	1,143,500	1,126,400	1,072,600	1,064,200	1,023,100	1,040,500	967,400	1,032,300	902,800	857,200	789,400	846,900	783,100	706,600	673,800	710,000	646,300	624,100	584,400	639,900	516,900	453,100	448,400	450,800	361,000	366,200	336,700	411,900	336,100	337,800	334,600	372,100	338,800	335,800	348,000	387,300	324,700	322,100	340,200	375,800	317,500	321,900	342,300	366,600	303,200	301,800	286,800	302,700	248,900	254,600	237,200	283,600	238,500	239,600	253,100	266,100	249,200	260,200	251,356	243,300	209,333	215,606	218,193	224,400	188,509	174,638	170,068	198,200	170,034	167,816	179,970	195,100	161,172	166,188	153,577	178,800	167,926	201,874	187,033	202,300	176,469	165,539	184,269	184,000	160,500	169,930	162,242	185,300	141,718	143,505	142,365	148,800	134,400	146,200	140,000	145,900	138,000	121,900	129,000	150,300	127,100	129,000	122,700	153,600	118,900	134,100	132,900	136,700	140,100	140,600	113,600	128,200	113,900	97,400	95,600	113,900	14,200	92,200	79,900	108,500	86,900	81,300	74,800	95,000	80,100	71,400	70,100	96,000	73,900	70,600	64,200	75,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,120,400	-1,102,700	-1,116,100	0	-1,105,200	-1,106,900	-1,092,200	0	-1,043,300	-1,015,600	-982,400	0	-963,800	-952,700	-924,200	0	0	-896,100	-876,600	0	-881,900	0	0	0	-818,500	-809,700	-802,700	0	0	0	0	0	-746,700	-734,000	-707,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-393,700	-388,600	-393,900	-431,500	-437,100	-480,600	-590,000	-454,600	-416,000	-426,500	-435,600	-362,300	-422,500	-470,800	-429,900	-577,700	-519,500	-500,200	-428,300	-382,700	-327,400	-359,900	-354,100	-308,400	-224,300	-279,500	-265,900	-379,300	-445,000	-514,400	-400,200	-387,700	-423,700	-406,100	-353,600	-324,700	-314,900	-186,000	-29,600	8,800	6,600	-300	-183,600	-184,200	-163,000	-159,900	-89,500	-127,300	-35,600	-59,000	118,800	112,400	64,100	-3,700	-37,000	-76,700	13,000	109,100	181,200	161,700	24,100	48,100	233,800	315,400	282,220	260,300	181,137	168,298	140,180	140,300	105,982	105,845	41,340	27,600	61,786	58,140	122,350	119,600	36,413	40,582	64,094	20,000	-34,916	169,148	-55,441	-97,300	-40,135	-61,553	-98,979	-83,900	-74,861	-103,722	-69,063	-79,300	-47,631	-42,298	-34,018	-34,200	-40,200	-351,600	-353,100	-346,300	-337,700	-320,100	-320,100	-313,500	-303,500	-300,000	-295,200	-293,400	-390,100	-390,100	-379,000	-372,600	-357,700	-353,800	-341,400	-332,500	-289,200	-289,200	-289,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,638,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Lease Obligations	0	179,900	0	0	0	176,100	0	0	0	106,100	0	0	0	103,500	0	266,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	2,213,400	2,199,600	2,191,500	2,177,100	2,152,100	2,138,600	2,130,900	2,119,200	2,091,300	2,055,100	2,042,100	2,027,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	178,000	166,600	154,700	127,400	356,800	334,000	343,900	325,800	338,400	351,700	312,600	291,800	256,100	423,600	221,000	185,000	170,800	155,400	162,900	139,400	102,300	96,600	73,000	202,600	179,600	186,800	166,100	130,000	125,700	118,400	134,200	131,500	111,800	112,600	108,400	89,500	81,800	77,300	93,800	81,400	89,400	63,000	146,800	72,100	68,600	79,000	72,200	61,400	54,400	53,900	52,200	47,900	40,600	50,800	23,600	23,100	21,900	39,500	27,900	12,900	23,400	38,900	30,300	47,300	24,436	45,900	45,724	40,469	38,582	49,000	37,712	74,068	31,579	30,300	46,117	20,096	24,394	70,300	25,909	16,125	17,735	25,100	12,184	24,994	21,002	47,300	23,329	40,158	62,181	31,300	32,134	47,484	31,292	23,900	35,922	28,451	24,009	12,000	13,900	13,500	16,100	17,700	8,900	12,700	8,400	13,500	10,600	11,000	23,500	22,400	36,700	20,800	22,400	12,500	30,500	18,600	11,500	15,600	14,100	19,100	18,200	12,800	10,900	5,900	5,600	1,800	4,700	12,100	6,900	6,000	7,700	6,900	2,300	5,300	7,500	9,100	2,100	51,600	-	-	-	11,300	-	-	-	7,400	-	-	-	4,400	-	-	-	2,600	-
Cash And Equivalents	0	0	154,700	127,400	356,800	334,000	343,900	325,800	338,400	351,700	312,600	291,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	178,000	166,600	154,700	127,400	356,800	334,000	343,900	325,800	338,400	351,700	312,600	291,800	256,100	423,600	221,000	185,000	170,800	155,400	162,900	139,400	102,300	96,600	73,000	202,600	179,600	186,800	166,100	130,000	125,700	118,400	134,200	131,500	111,800	112,600	108,400	89,500	81,800	77,300	93,800	81,400	89,400	63,000	146,800	72,100	68,600	79,000	72,200	61,400	54,400	53,900	52,200	47,900	40,600	50,800	23,600	23,100	21,900	39,500	27,900	12,900	23,400	38,900	30,300	47,300	24,436	45,900	45,724	40,469	38,582	49,000	37,712	74,068	31,579	30,300	46,117	20,096	24,394	70,300	25,909	16,125	17,735	25,100	12,184	24,994	21,002	47,300	23,329	40,158	62,181	31,300	32,134	47,484	31,292	23,900	35,922	28,451	24,009	12,000	13,900	13,500	16,100	17,700	8,900	12,700	8,400	13,500	10,600	11,000	23,500	22,400	36,700	20,800	22,400	12,500	30,500	18,600	11,500	15,600	14,100	19,100	18,200	12,800	10,900	5,900	5,600	1,800	4,700	12,100	6,900	6,000	7,700	6,900	2,300	5,300	7,500	9,100	2,100	51,600	-	-	-	11,300	-	-	-	7,400	-	-	-	4,400	-	-	-	2,600	-
Common Stock	2,213,400	2,199,600	2,191,500	2,177,100	2,152,100	2,138,600	2,130,900	2,119,200	2,091,300	2,055,100	2,042,100	2,027,100	1,998,400	1,981,300	1,971,600	1,938,900	1,901,500	1,888,600	1,877,200	1,835,000	1,780,500	1,770,600	1,732,100	1,705,300	1,692,200	1,672,900	1,663,600	1,103,200	1,091,100	1,084,200	1,082,900	1,074,400	1,047,600	1,039,600	1,033,800	1,019,600	1,006,800	995,600	988,500	984,100	971,700	962,400	955,100	947,700	921,900	908,200	885,800	862,700	840,900	821,900	806,800	787,800	483,900	756,500	700,400	685,700	656,000	634,000	608,200	598,200	588,700	88,165	578,100	538,600	512,794	501,000	489,406	480,918	465,673	444,300	431,628	420,113	402,516	386,900	383,733	372,127	356,371	336,000	320,041	312,192	278,360	262,600	252,964	81,785	236,220	230,700	229,294	228,110	217,094	202,900	200,046	193,240	183,825	175,300	174,751	173,854	171,896	173,800	175,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Shares Outstanding	269,600	269,600	270,100	269,800	269,800	269,900	270,200	270,500	270,500	270,000	270,000	270,000	269,900	269,700	269,600	268,500	268,700	268,600	268,400	267,800	267,600	267,500	266,400	265,800	265,800	265,200	255,600	252,800	253,800	254,400	255,800	256,600	256,600	258,000	258,400	258,000	258,600	259,600	261,200	262,400	264,400	262,200	267,000	267,200	268,000	268,200	268,600	268,200	269,000	268,600	268,200	268,200	269,200	265,800	269,800	269,600	268,000	264,600	264,800	263,600	263,800	260,600	264,600	263,000	262,200	255,900	264,800	267,274	268,390	260,688	269,658	270,840	270,606	265,222	274,764	277,478	280,914	271,298	283,374	284,988	283,634	274,714	286,174	284,820	284,922	281,112	285,524	280,108	278,428	278,428	280,098	280,379	279,853	272,677	277,911	558,544	558,544	556,296	283,164	289,672	285,792	285,792	290,796	293,616	293,868	293,868	298,372	300,860	303,924	303,924	317,916	325,260	325,260	325,260	324,700	324,644	324,764	324,764	325,168	325,412	325,484	323,984	323,984	323,680	322,952	320,820	320,820	320,456	321,180	319,552	319,552	319,544	319,464	321,856	321,856	338,136	333,088	331,664	331,664	331,664	331,664	374,432	374,432	374,432	373,344	384,448	384,448	384,448	384,448	385,920	385,920	390,496	390,496	390,688	390,688
Common Stock Total Equity	0	0	0	0	2,152,100	2,138,600	2,130,900	2,119,200	2,091,300	2,055,100	2,042,100	2,027,100	1,998,400	1,981,300	1,971,600	1,938,900	1,901,500	1,888,600	1,877,200	1,835,000	1,780,500	1,770,600	1,732,100	1,705,300	1,692,200	1,672,900	1,663,600	1,103,200	1,091,100	1,084,200	1,082,900	1,074,400	1,047,600	1,039,600	1,033,800	1,019,600	1,006,800	995,600	988,500	984,100	971,700	962,400	955,100	947,700	921,900	908,200	0	1,638,900	0	0	806,800	787,800	483,900	756,500	700,400	685,700	656,000	0	608,200	598,200	0	0	0	0	0	0	0	0	0	0	0	0	402,516	386,900	383,733	372,127	356,371	336,000	320,041	312,192	278,360	262,600	252,964	81,785	236,220	230,700	229,294	228,110	217,094	202,900	200,046	193,240	183,825	175,300	174,751	173,854	171,896	173,800	175,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Deferred Revenue	0	0	-1,004,800	-285,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	245,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Liab	0	0	0	0	866,700	866,300	816,300	811,000	796,500	792,300	0	742,800	739,500	727,200	704,400	701,300	699,400	697,600	701,200	706,400	704,400	706,500	667,700	659,900	662,300	1,094,500	1,106,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	5,253,600	5,260,100	5,252,400	5,235,400	5,229,700	5,212,900	5,209,700	5,300,200	5,333,400	5,335,800	5,379,500	5,428,800	5,397,000	4,986,300	4,574,400	4,484,400	4,496,900	4,505,200	4,496,500	4,511,400	4,538,500	4,527,900	4,553,400	4,577,200	4,626,000	4,490,100	4,503,300	1,894,800	1,857,600	1,771,400	1,813,300	1,837,100	1,764,000	1,759,300	1,802,400	1,719,800	1,651,200	1,722,200	1,769,100	1,798,600	1,809,100	1,798,500	1,756,400	1,754,200	1,693,000	1,695,300	1,667,000	1,651,800	1,697,400	1,694,200	1,511,200	1,480,300	1,455,100	1,417,400	1,392,100	1,372,600	1,424,100	1,479,700	1,450,200	1,300,900	1,227,700	1,230,200	1,328,300	965,300	947,747	879,500	835,743	819,866	808,228	803,800	785,403	721,952	667,831	663,900	711,938	674,757	713,214	712,900	611,487	612,951	732,292	708,700	665,939	522,175	534,027	499,500	496,528	475,813	450,659	0	0	0	0	453,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	3,346,800	3,516,600	3,364,400	3,371,900	3,381,700	3,548,500	3,396,600	3,419,700	3,443,700	3,593,600	3,478,300	3,494,500	3,500,900	3,239,400	2,843,000	2,833,900	2,840,100	2,847,000	2,850,300	2,860,100	2,869,200	2,873,300	2,881,700	2,893,100	2,907,100	3,071,100	3,091,500	489,000	473,900	424,900	433,600	410,200	370,100	372,100	376,100	364,600	323,100	330,800	336,500	340,400	332,800	333,400	347,500	353,300	321,300	323,500	345,400	341,100	355,000	350,000	236,000	234,700	234,100	232,500	231,900	231,900	234,500	237,300	235,700	374,600	369,400	374,800	419,700	228,000	227,769	207,500	204,365	193,514	191,001	193,600	192,226	161,650	826,434	822,200	826,870	789,719	828,608	828,100	725,940	727,505	741,005	716,900	673,321	529,637	541,023	6,500	502,659	482,140	456,452	464,600	467,288	441,214	473,439	453,000	136,942	138,059	144,189	142,800	145,400	147,300	156,800	160,900	158,300	151,100	154,700	158,000	156,900	160,500	162,000	165,100	160,200	175,500	177,800	180,800	183,900	186,300	187,300	196,200	197,200	146,900	134,300	130,600	129,900	134,300	0	87,600	102,200	97,000	93,400	70,800	70,300	71,400	75,300	76,000	73,600	57,200	59,100	57,800	-	-	-	64,900	-	-	-	60,200	-	-	-	51,400	-	-	-	53,500	-
Inventory	1,129,600	1,126,500	1,225,500	1,276,200	1,344,600	1,340,100	1,379,500	1,344,600	1,244,200	1,182,300	1,202,400	1,147,800	1,073,400	1,032,600	942,100	831,300	835,600	801,200	846,900	816,500	807,300	786,300	806,300	797,600	827,700	793,300	835,800	779,800	767,200	756,300	760,300	739,600	702,200	710,800	727,200	738,500	708,400	713,800	705,600	687,300	682,900	676,900	640,800	611,400	606,500	615,000	628,600	611,000	640,400	613,700	600,300	577,300	544,900	477,600	480,100	448,800	434,800	445,900	447,400	450,000	447,800	439,000	462,300	459,600	449,383	430,200	439,859	427,512	411,840	405,700	417,095	381,863	354,980	344,000	357,251	345,281	351,821	350,200	377,187	373,974	366,337	362,800	387,719	384,600	346,805	306,300	316,492	289,727	281,882	278,100	295,088	285,170	284,956	274,000	274,170	252,033	247,316	234,200	271,400	262,200	246,400	250,900	278,800	275,000	268,100	252,100	262,200	253,400	249,700	245,100	264,700	353,300	368,500	383,200	407,600	389,400	401,800	374,500	366,400	338,900	331,100	321,300	309,500	283,600	277,700	282,200	302,000	276,300	275,500	268,600	258,800	228,500	242,900	238,800	225,800	212,400	207,500	217,700	-	-	-	220,800	-	-	-	218,800	-	-	-	187,800	-	-	-	168,300	-
Liabilities And Stockholders Equity	12,890,100	12,862,300	12,990,100	12,908,200	13,205,400	13,124,900	12,941,000	12,957,900	12,940,800	12,905,800	12,884,400	12,810,500	12,685,100	12,089,700	10,860,700	10,576,100	10,491,700	10,362,100	10,366,000	10,236,700	10,227,900	10,256,400	10,278,000	10,383,800	10,363,000	10,385,800	10,381,700	4,872,100	4,751,100	4,635,900	4,716,500	4,644,300	4,400,100	4,507,800	4,490,700	4,378,400	4,197,500	4,414,300	4,472,100	4,409,300	4,429,700	4,449,700	4,353,000	4,208,800	4,086,100	4,165,400	4,057,000	3,965,700	4,079,700	4,087,800	3,714,600	3,589,400	3,477,600	3,419,700	3,264,700	3,192,400	3,245,400	3,387,800	3,306,400	3,236,100	3,161,000	3,220,300	3,430,300	2,900,400	2,858,276	2,787,500	2,673,345	2,584,095	2,561,894	2,568,000	2,460,718	2,363,415	2,280,926	2,272,700	2,271,642	2,186,663	2,276,675	2,369,600	2,157,898	2,134,181	2,164,405	2,148,200	2,019,080	2,035,895	1,984,021	1,930,800	1,905,192	1,850,304	1,818,685	1,772,000	1,730,118	1,651,142	1,689,126	1,659,900	1,610,539	1,195,317	1,200,295	1,188,800	1,233,900	1,222,600	1,217,200	1,259,100	1,273,900	1,252,000	1,237,500	1,256,200	1,275,700	1,269,300	1,300,100	1,326,600	1,340,400	1,551,200	1,587,500	1,614,300	1,661,400	1,634,700	1,619,400	1,568,700	1,507,300	1,369,800	1,361,800	1,313,200	1,288,900	1,232,200	1,182,500	1,130,900	1,145,600	1,094,000	1,075,400	1,032,000	998,600	935,000	939,300	946,900	905,800	845,200	828,600	864,500	-	-	-	770,200	-	-	-	718,000	-	-	-	628,900	-	-	-	582,400	-
Long Term Debt	3,329,100	3,339,900	3,385,300	4,117,600	3,619,800	3,642,300	3,904,800	3,920,300	3,964,500	3,973,300	3,985,000	4,735,900	4,739,200	3,753,800	3,610,200	4,113,600	3,627,900	3,625,800	3,843,100	3,977,500	4,034,000	4,052,900	4,269,800	4,456,200	4,378,600	4,443,900	4,702,300	804,300	803,500	1,054,000	1,057,900	1,055,200	1,056,300	1,052,700	807,200	807,900	806,800	1,014,100	1,014,300	1,016,800	1,016,600	1,019,000	1,018,600	774,400	776,000	779,200	1,026,200	1,027,700	1,028,700	1,029,700	1,031,700	781,200	775,700	779,900	779,500	874,600	872,300	875,000	870,900	885,400	884,400	885,200	878,200	626,900	676,665	573,500	417,972	415,849	418,426	569,600	566,140	462,957	467,659	463,900	268,942	271,202	295,524	465,000	496,274	495,884	450,024	448,600	450,011	451,529	454,113	453,900	453,961	453,989	454,135	454,100	454,212	454,298	454,022	160,200	233,334	235,084	239,871	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	0	0	3,385,300	4,117,600	3,619,800	3,642,300	3,904,800	3,920,300	3,964,500	3,973,300	3,985,000	4,735,900	4,739,200	3,753,800	3,737,500	4,113,600	3,627,900	3,625,800	3,843,100	3,977,500	4,034,000	4,052,900	4,269,800	4,456,200	4,378,600	4,443,900	4,702,300	804,300	803,500	1,054,000	1,057,900	1,055,200	1,056,300	1,052,700	0	807,900	806,800	1,014,100	1,014,300	0	0	1,019,000	1,018,600	774,400	776,000	779,200	0	0	0	0	1,031,700	781,200	775,700	779,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	0	264,100	0	0	957,500	939,400	782,800	777,200	788,800	781,400	0	721,800	761,700	752,000	722,800	715,100	694,300	507,100	460,000	430,100	415,700	390,200	407,700	401,600	400,800	398,500	378,900	358,600	351,700	348,400	360,500	357,700	350,700	351,500	0	345,000	337,900	342,400	378,900	0	0	371,000	328,500	329,500	327,800	313,900	0	0	0	0	306,500	300,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	4,279,000	4,424,700	4,622,400	4,736,100	4,849,000	4,991,700	5,017,900	5,032,300	5,033,600	5,037,100	5,208,300	5,169,100	5,343,300	4,480,800	3,948,000	4,232,500	4,271,000	4,168,800	4,483,100	4,531,300	4,620,900	4,599,800	4,912,100	4,952,600	4,955,300	4,840,300	5,210,900	1,581,100	1,567,400	1,328,800	1,483,600	1,437,400	1,334,700	1,283,100	1,383,600	1,341,000	1,241,200	1,207,600	1,273,900	1,243,800	1,209,200	1,170,100	1,231,800	1,254,200	1,161,200	1,092,800	1,185,300	1,210,700	1,257,400	1,198,200	979,800	941,800	929,600	829,500	953,600	981,000	994,800	951,600	1,131,600	1,193,500	1,256,800	1,200,300	1,321,400	715,900	772,090	677,200	827,934	722,419	716,867	602,000	681,271	540,145	591,981	539,700	649,870	672,561	638,515	567,900	638,131	622,569	161,951	594,500	642,050	579,773	641,077	543,900	691,109	685,604	688,090	633,600	750,956	709,954	758,663	688,200	804,244	408,866	404,034	330,000	543,000	436,500	422,700	396,300	507,100	478,000	452,100	384,300	489,400	454,800	451,100	377,800	410,500	611,300	642,900	643,900	717,800	692,700	717,200	590,700	636,600	525,500	517,100	443,700	496,600	477,800	452,600	345,900	438,200	408,600	400,400	314,000	352,800	321,200	312,600	268,500	315,700	274,500	279,100	209,400	-	-	-	225,500	-	-	-	208,200	-	-	-	149,700	-	-	-	148,700	-
Net Invested Capital	9,689,500	9,472,100	9,826,400	9,800,500	10,075,900	9,830,100	9,951,100	9,956,300	9,969,700	9,693,700	9,907,400	9,786,200	9,748,900	8,830,500	8,101,700	7,800,800	8,003,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	567,500	587,500	624,500	557,200	571,000	573,700	565,800	493,100	516,700	549,500	541,000	500,400	515,900	528,500	496,500	494,300	409,900	502,900	494,600	429,000	435,700	518,100	511,700	473,900	502,000	555,100	556,200	429,700	404,400	465,200	445,300	399,600	371,200	455,200	422,900	390,600	384,100	493,600	476,800	417,100	428,000	495,500	462,400	399,900	403,900	465,900	411,200	378,000	381,100	427,000	391,700	342,600	326,800	386,700	319,700	310,800	325,300	365,300	328,600	316,800	342,000	414,700	429,800	416,500	423,761	456,500	399,859	360,930	379,789	379,100	327,822	327,066	345,353	369,300	321,735	328,117	362,790	407,600	325,675	313,607	325,387	347,500	283,695	325,710	304,532	341,800	293,349	277,433	269,894	295,500	271,405	248,641	264,118	303,300	186,456	175,195	180,622	213,900	183,300	182,900	176,400	212,800	179,600	173,900	171,200	217,200	189,600	180,900	196,100	217,500	194,900	185,300	201,900	224,000	191,900	201,100	185,400	208,800	200,500	169,200	160,000	175,100	180,800	154,700	140,200	158,000	153,400	136,200	129,100	149,700	139,700	125,000	126,400	144,300	133,100	113,500	121,400	118,300	-	-	-	124,500	-	-	-	113,400	-	-	-	109,600	-	-	-	95,100	-
Net Tangible Assets	0	0	-3,567,500	-3,670,300	-3,741,300	-3,920,300	-4,017,000	-4,121,700	-4,179,400	-4,377,300	-4,471,300	-4,598,000	-4,748,400	-4,299,600	-3,484,700	-3,668,400	-3,775,100	-3,908,000	-3,878,100	-4,000,600	-4,076,700	-4,230,300	-4,333,400	-4,441,800	-4,472,900	-5,001,300	-5,073,200	-585,700	-612,300	-569,700	-489,500	-490,800	-423,900	-461,200	0	-369,100	-290,400	-260,800	-153,100	0	0	-199,400	-320,500	-390,800	-307,100	-335,900	0	0	0	0	-35,900	-82,100	-121,800	-196,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	-953,600	-1,097,300	-1,043,500	-383,100	-909,700	-1,045,700	-727,600	-808,300	-837,700	-1,028,000	-1,000,400	-328,600	-469,000	-962,900	-193,900	33,400	-548,000	-604,200	-441,000	-387,000	-401,100	-521,800	-380,900	-282,500	-265,500	-330,300	-91,600	-375,500	-353,300	-900	126,800	131,500	214,000	166,300	-30,100	20,100	83,700	294,200	331,200	321,900	328,000	307,100	316,600	-8,700	96,000	97,800	316,800	266,900	232,900	229,600	523,800	233,100	208,900	181,100	157,100	198,500	186,300	152,300	66,100	28,800	-11,300	-65,800	-77,100	226,100	213,618	121,800	-60,366	-6,672	-8,414	118,900	140,089	129,594	105,562	101,200	-123,313	-143,546	-75,190	91,300	156,039	132,742	106,614	49,400	64,102	141,528	41,876	51,200	-58,724	-73,627	-94,745	-77,900	-118,123	-107,968	-133,805	-407,200	-414,496	-51,875	-27,065	20,000	-27,400	-46,100	-42,100	-14,200	-68,700	-44,800	-31,900	8,300	-30,300	-29,800	-11,500	35,100	33,600	17,500	24,000	23,800	-7,300	-8,400	-10,100	56,900	39,200	103,400	107,400	147,300	100,700	-52,100	-24,300	48,500	14,100	25,300	35,400	85,000	71,500	72,500	94,200	103,000	119,500	134,900	157,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	10,869,900	10,860,700	10,862,600	10,804,200	10,794,100	10,738,200	10,528,200	10,633,200	10,701,800	10,710,000	10,723,500	10,757,900	10,730,400	10,006,100	9,101,100	8,960,400	8,967,300	8,811,900	8,776,600	8,763,600	8,799,900	8,776,500	8,803,800	8,819,600	8,757,000	8,768,800	8,739,100	3,446,200	3,366,000	3,214,100	3,248,500	3,242,100	3,093,900	3,101,300	3,116,200	3,019,500	2,892,800	2,998,100	3,063,300	3,084,600	3,089,600	3,079,500	2,982,100	2,991,300	2,874,600	2,880,000	2,837,600	2,798,500	2,886,900	2,864,900	2,551,300	2,509,800	2,462,000	2,403,800	2,309,100	2,284,600	2,343,600	2,417,300	2,386,000	2,350,600	2,240,000	2,252,000	2,450,300	1,917,600	1,906,932	1,804,400	1,729,752	1,695,714	1,674,567	1,668,600	1,630,955	1,530,451	1,495,260	1,472,500	1,497,011	1,447,609	1,501,191	1,505,600	1,383,399	1,393,059	1,424,853	1,386,100	1,305,891	1,262,770	1,272,825	1,206,200	1,241,633	1,211,496	1,173,446	1,136,200	1,110,245	1,049,689	1,088,088	1,039,900	1,096,618	720,425	717,307	698,200	727,500	741,300	756,900	755,300	781,400	765,200	764,900	749,700	766,200	775,600	783,800	792,200	799,900	940,200	939,800	943,600	966,500	964,000	961,200	911,000	906,900	823,500	826,200	773,000	777,400	771,900	736,000	662,800	676,800	660,000	647,700	586,800	587,000	565,700	553,100	538,000	495,500	469,600	450,600	437,200	-	-	-	383,400	-	-	-	350,800	-	-	-	304,200	-	-	-	302,800	-
Non Current Liabilities Other	471,500	175,000	499,200	484,100	510,200	484,700	472,800	478,500	488,900	490,900	582,400	609,800	618,000	622,200	519,300	516,600	517,400	427,600	310,700	310,100	317,700	313,100	373,400	380,700	378,200	329,200	305,600	457,000	477,600	521,100	542,800	544,900	524,700	528,000	0	496,400	465,800	468,800	410,200	0	0	419,900	482,600	474,500	469,800	498,400	0	0	0	0	323,000	319,600	318,700	342,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	4,658,900	4,679,900	4,749,000	5,464,200	4,996,700	4,993,300	5,193,900	5,209,800	5,249,900	5,256,500	5,320,000	6,088,500	6,096,700	5,103,200	4,961,200	5,331,500	4,844,700	4,751,000	4,855,000	4,994,000	5,056,100	5,072,500	5,310,900	5,496,800	5,419,100	5,867,600	6,114,200	1,261,300	1,281,100	1,575,100	1,600,700	1,600,100	1,581,000	1,580,700	1,323,900	1,304,300	1,272,600	1,482,900	1,424,500	1,426,600	1,430,200	1,438,900	1,501,200	1,248,900	1,245,800	1,277,600	1,430,400	1,426,500	1,427,200	1,476,000	1,354,700	1,100,800	1,094,400	1,122,200	1,084,400	1,195,700	1,198,300	1,235,000	1,120,400	1,120,000	1,134,300	1,130,900	1,158,000	899,700	956,052	831,200	690,823	679,969	674,319	850,600	851,274	746,633	737,620	744,600	514,875	468,947	489,248	676,200	707,786	700,788	669,866	658,100	650,556	683,086	675,077	665,100	598,026	595,461	590,568	595,200	566,823	571,474	556,137	273,400	334,623	334,131	336,863	335,800	343,800	344,200	347,200	353,000	352,100	347,900	355,200	364,900	361,800	363,500	372,200	377,300	369,400	449,300	447,800	448,100	473,500	477,800	476,100	477,900	450,900	444,000	456,200	453,500	407,700	261,900	267,200	273,400	268,400	282,900	283,900	282,600	282,200	275,300	276,000	276,600	272,900	272,600	276,700	273,000	-	-	-	198,900	-	-	-	165,300	-	-	-	123,300	-	-	-	108,500	-
Non Currrent Assets Other	915,000	148,100	960,100	947,300	957,500	276,900	782,800	777,200	788,800	202,200	752,200	721,800	761,700	176,300	722,800	588,400	694,300	507,100	8,776,600	8,763,600	8,799,900	102,200	0	0	0	107,900	0	0	0	80,900	0	0	0	67,600	0	0	0	55,800	0	0	0	87,700	0	0	-2,874,600	57,700	0	0	0	95,700	0	0	281,400	265,900	0	0	0	26,600	36,500	37,700	191,200	185,900	225,700	234,900	244,768	229,800	220,130	209,976	209,390	201,700	177,732	172,150	198,890	180,600	200,563	186,395	189,620	190,900	202,703	208,998	219,256	210,900	212,728	233,354	242,205	231,900	266,449	261,434	274,439	247,100	234,271	213,816	232,883	213,900	604,829	225,919	210,762	192,100	217,600	227,400	227,900	217,400	238,800	234,100	230,000	211,700	225,400	226,700	227,000	226,700	239,400	236,300	234,100	238,000	268,600	264,900	268,400	210,200	211,700	191,100	217,700	176,800	187,100	180,500	306,100	156,700	158,400	156,000	146,500	137,500	139,400	126,200	118,200	108,000	76,500	77,500	62,100	49,300	-	-	-	90,100	-	-	-	92,100	-	-	-	75,400	-	-	-	87,700	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	17,600	18,700	17,400	16,900	16,500	14,500	0	15,500	15,200	13,900	13,300	12,400	12,700	12,500	11,900	11,700	11,700	11,300	10,300	11,800	12,200	11,000	11,700	11,300	12,400	11,500	17,200	17,000	0	16,700	0	20,000	20,000	17,200	17,500	0	0	15,200	14,100	17,000	17,600	17,300	0	1,638,900	0	0	9,100	9,200	9,100	9,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	0	0	960,100	947,300	957,500	939,400	782,800	777,200	788,800	202,200	752,200	721,800	761,700	176,300	601,500	588,400	565,800	120,300	14,000	430,100	0	102,200	7,842,800	7,871,900	7,933,900	7,959,700	7,973,700	2,742,400	2,683,200	2,544,700	2,607,400	2,605,000	2,484,800	2,482,900	2,527,100	2,429,400	2,312,200	2,395,400	2,484,500	2,509,600	2,518,600	2,502,900	2,432,400	2,437,000	2,342,100	2,332,700	2,319,100	2,291,000	2,363,500	2,341,800	2,053,700	2,015,000	1,970,600	1,915,800	1,844,300	1,820,700	1,873,900	1,927,500	1,913,300	1,877,600	1,788,300	1,790,900	1,973,700	1,428,200	1,420,284	1,316,800	1,260,238	1,223,356	1,208,619	1,199,100	1,155,361	1,055,752	1,025,324	1,002,800	1,027,433	976,114	1,018,228	1,019,000	928,643	936,503	960,261	927,800	886,049	762,991	783,228	737,900	769,108	743,574	730,891	711,700	701,559	655,030	706,322	666,900	741,771	363,978	354,951	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Assets	145,100	73,400	122,800	143,200	138,900	77,200	123,600	161,200	139,700	70,600	104,900	112,600	109,300	98,900	100,000	105,100	108,100	90,700	85,000	88,200	82,700	51,700	83,200	90,100	96,700	81,800	84,500	86,400	87,800	81,900	128,200	131,500	121,000	127,900	116,000	140,300	130,400	131,500	132,600	138,900	139,800	97,100	120,900	134,100	132,500	125,500	107,400	116,800	116,900	110,500	119,100	111,800	103,300	100,800	132,200	125,100	119,800	119,800	116,500	105,800	107,800	65,600	57,600	59,400	53,764	39,700	58,151	59,470	57,116	44,000	47,134	49,967	53,754	56,600	49,528	45,560	36,479	35,900	45,728	37,416	30,093	26,700	29,591	37,821	38,857	29,200	30,389	31,490	31,282	30,900	21,246	20,158	20,672	18,800	17,373	19,213	31,041	30,500	37,800	22,700	21,400	22,400	25,200	25,200	24,900	23,700	47,100	48,400	47,000	49,400	44,200	51,600	54,900	51,000	64,900	61,600	59,500	58,800	19,400	19,100	26,300	31,000	10,300	16,100	23,000	26,100	8,700	9,400	16,200	20,900	5,400	8,900	14,600	20,500	43,900	40,600	47,000	39,700	-	-	-	30,200	-	-	-	27,600	-	-	-	22,900	-	-	-	13,600	-
Other Current Liab	712,600	908,100	1,684,100	926,900	610,700	754,100	539,900	568,800	596,600	850,200	602,300	615,700	596,100	863,600	619,200	517,500	469,100	609,100	444,400	460,300	466,100	648,200	493,500	523,600	530,800	724,200	542,600	441,500	400,400	578,700	420,300	390,800	365,300	485,300	383,700	378,400	370,200	479,100	385,400	358,600	382,100	461,700	369,600	352,200	321,500	173,600	353,800	334,000	334,500	404,300	336,000	336,200	325,400	431,700	351,900	325,200	333,900	418,500	327,200	296,100	283,400	414,000	334,400	360,200	366,509	468,400	338,940	332,408	340,525	474,700	348,322	377,476	354,135	394,700	300,865	293,329	303,319	404,400	289,522	299,382	299,675	362,900	276,938	276,485	274,321	333,800	285,337	275,123	259,579	318,900	248,618	236,351	236,668	290,000	179,867	181,029	179,516	221,200	186,400	174,600	171,600	208,500	169,200	178,000	181,500	226,600	188,500	206,500	216,900	236,700	230,500	165,100	171,300	202,900	163,700	190,200	194,300	240,600	151,900	141,100	140,900	168,900	229,700	130,800	131,500	164,500	125,700	112,400	117,700	152,800	114,600	104,400	117,000	147,600	106,700	97,800	88,300	119,000	-	-	-	206,200	-	-	-	195,700	-	-	-	182,400	-	-	-	156,500	-
Other Liab	0	0	1,307,400	1,346,600	1,376,900	1,174,900	1,258,300	1,272,700	1,285,400	1,283,200	1,317,800	1,327,500	1,336,200	1,245,900	1,113,000	1,109,900	1,118,000	1,125,200	998,500	1,008,800	1,012,900	1,019,600	1,041,100	1,040,600	378,200	329,200	305,600	457,000	477,600	441,200	542,800	544,900	524,700	395,300	516,700	496,400	465,800	360,600	410,200	409,800	413,600	280,600	482,600	474,500	469,800	441,600	404,200	398,800	398,500	374,800	323,000	319,600	318,700	293,800	304,900	321,100	326,000	327,200	249,500	234,600	249,900	198,000	279,800	272,800	279,387	202,800	272,851	264,120	255,893	212,900	285,134	283,676	269,961	201,500	245,933	197,745	193,724	211,200	211,512	204,904	219,842	209,500	200,545	231,557	220,964	211,200	144,065	141,472	136,433	115,300	112,611	117,176	102,115	110,000	101,289	99,047	96,992	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	0	0	-393,900	-431,500	-437,100	1,570,000	-590,000	-454,600	-416,000	14,000	16,000	15,200	-422,500	200	100	3,662,300	500	-200	-300	300	-400	100	-100	-400	-300	500	100	-300	12,400	-400	-200	300	300	-100	400	300	100	-186,000	400	-200	-400	830,800	400	-200	17,600	908,300	886,300	862,400	841,300	821,900	806,600	788,200	288,100	756,500	8,800	300	9,200	634,000	200	-300	588,800	493,635	577,900	539,000	513,014	501,000	489,543	481,216	465,853	444,300	431,610	419,958	340	-400	-214	140	350	622,000	527,121	525,990	538,812	474,100	381,925	719,353	471,322	407,200	469,923	432,287	375,775	378,900	378,886	327,017	351,437	327,700	354,971	351,882	350,052	337,500	322,100	483,200	475,000	472,100	464,300	451,000	450,600	442,300	431,400	428,000	422,500	429,600	521,900	520,100	510,800	504,200	489,200	484,800	470,600	479,200	427,200	428,400	430,000	136,500	137,900	135,600	126,600	119,200	128,200	119,200	118,700	108,600	104,800	97,700	94,200	90,000	79,900	70,000	70,700	68,100	-	-	-	12,000	-	-	-	26,400	-	-	-	32,000	-	-	-	43,100	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,638,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	0	2,797,800	0	0	0	2,551,900	0	0	0	0	1,113,500	1,112,800	1,070,800	1,165,200	960,900	1,053,700	936,000	952,600	969,800	962,000	976,500	985,100	961,000	947,700	823,100	809,100	765,400	703,800	682,800	669,400	641,100	637,100	609,100	618,400	589,100	590,100	580,600	602,700	578,800	575,000	571,000	576,600	549,700	554,300	532,500	547,300	518,500	507,500	523,400	523,100	497,600	494,800	491,400	488,000	464,800	463,900	469,700	489,800	472,700	473,000	451,700	461,100	476,600	489,400	486,648	487,600	469,514	472,358	465,948	469,500	475,594	474,699	469,936	469,700	469,578	471,495	482,963	486,600	454,756	456,556	464,592	458,300	419,842	499,779	489,597	468,300	472,525	467,922	442,555	424,500	408,686	394,659	381,766	373,000	354,847	356,447	362,356	363,300	364,500	366,600	372,200	377,000	384,300	380,000	380,200	380,000	383,900	388,400	394,800	400,400	400,300	528,400	527,900	524,800	514,000	512,800	505,500	504,600	498,000	485,500	474,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Net	1,354,500	1,544,700	1,285,700	1,249,600	1,225,200	1,416,900	1,139,100	1,136,100	1,135,900	1,277,100	1,113,500	1,112,800	1,070,800	1,028,400	960,900	1,053,700	936,000	952,600	969,800	962,000	976,500	985,100	961,000	947,700	823,100	809,100	765,400	703,800	682,800	669,400	641,100	637,100	609,100	618,400	589,100	590,100	580,600	602,700	578,800	575,000	571,000	576,600	549,700	554,300	532,500	547,300	518,500	507,500	523,400	523,100	497,600	494,800	491,400	488,000	464,800	463,900	469,700	489,800	472,700	473,000	451,700	461,100	476,600	489,400	486,648	487,600	469,514	472,358	465,948	469,500	475,594	474,699	469,936	469,700	469,578	471,495	482,963	486,600	454,756	456,556	464,592	458,300	419,842	499,779	489,597	468,300	472,525	467,922	442,555	424,500	408,686	394,659	381,766	373,000	354,847	356,447	362,356	363,300	364,500	366,600	372,200	377,000	384,300	380,000	380,200	380,000	383,900	388,400	394,800	400,400	400,300	528,400	527,900	524,800	514,000	512,800	505,500	504,600	498,000	485,500	474,200	465,600	460,400	457,100	429,900	418,500	416,200	407,000	407,800	378,500	377,300	368,100	359,600	354,000	345,400	334,900	329,400	330,100	-	-	-	228,400	-	-	-	198,500	-	-	-	177,400	-	-	-	161,600	-
Property Plant Equipment	0	0	1,285,700	1,249,600	1,225,200	1,198,000	1,139,100	1,136,100	1,135,900	1,140,300	1,113,500	1,112,800	1,070,800	1,028,400	1,082,200	927,000	936,000	952,600	969,800	962,000	976,500	985,100	961,000	947,700	823,100	809,100	765,400	703,800	682,800	669,400	641,100	637,100	609,100	618,400	589,100	590,100	580,600	602,700	578,800	575,000	571,000	576,600	549,700	554,300	532,500	547,300	518,500	507,500	523,400	523,100	497,600	494,800	491,400	488,000	464,800	463,900	469,700	489,800	472,700	473,000	451,700	461,100	476,600	489,400	486,648	487,600	469,514	472,358	465,948	469,500	475,594	474,699	469,936	469,700	469,578	471,495	482,963	486,600	454,756	456,556	464,592	458,300	419,842	499,779	489,597	468,300	472,525	467,922	442,555	424,500	408,686	394,659	381,766	373,000	354,847	356,447	362,356	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	3,412,800	3,249,700	3,251,700	3,191,400	3,155,100	3,022,500	3,048,400	2,933,600	2,922,400	2,782,400	2,780,000	2,660,500	2,573,600	2,415,600	2,391,000	2,288,700	2,179,900	2,055,800	2,019,800	1,918,600	1,877,900	1,760,200	1,723,700	1,631,600	1,592,300	1,166,500	1,123,900	1,074,200	1,073,100	1,056,800	1,074,700	1,069,800	1,086,300	1,036,700	1,065,100	1,020,400	992,000	982,600	993,600	969,300	993,200	970,400	1,011,900	953,200	948,300	934,600	909,600	885,900	869,000	838,800	785,700	732,700	731,300	700,900	709,600	670,100	653,400	591,500	542,300	499,500	481,600	425,400	403,300	380,500	360,358	323,800	298,787	355,392	381,951	348,700	378,893	384,095	388,402	385,400	383,476	375,721	425,826	434,100	449,192	448,459	495,824	472,600	501,389	470,279	458,845	458,900	395,724	375,851	358,873	344,100	300,114	280,729	270,904	263,300	220,379	202,863	215,501	242,800	221,200	219,400	245,700	262,300	234,000	241,600	247,300	264,300	246,200	254,300	272,800	313,800	332,300	378,400	384,200	387,700	354,200	346,800	345,800	343,300	357,200	343,700	336,600	330,300	331,300	321,100	316,700	318,700	294,300	283,200	280,500	280,600	271,500	265,200	277,100	274,400	261,900	261,600	260,400	277,800	-	-	-	282,000	-	-	-	253,900	-	-	-	239,300	-	-	-	217,800	-
Retained Earnings Total Equity	0	0	0	0	3,155,100	3,022,500	3,048,400	2,933,600	2,922,400	2,782,400	0	2,660,500	2,573,600	2,415,600	2,391,000	2,288,700	2,179,900	2,055,800	2,019,800	1,918,600	1,877,900	1,760,200	1,723,700	1,631,600	1,592,300	1,166,500	1,123,900	1,074,200	1,073,100	1,056,800	1,074,700	1,069,800	0	1,036,700	0	1,020,400	992,000	982,600	993,600	0	0	970,400	1,011,900	953,200	948,300	934,600	0	1,638,900	0	0	785,700	732,700	731,300	700,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt	1,127,900	1,071,500	1,391,800	745,900	1,586,000	1,507,300	1,457,000	1,437,800	1,407,500	1,309,400	1,535,900	725,000	860,200	1,150,600	431,500	166,200	813,900	698,400	802,900	693,200	689,200	89,900	81,500	81,300	81,300	328,100	5,377,000	906,800	889,600	4,100	559,900	513,700	0	204,100	0	0	0	1,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	4,457,000	4,591,300	4,777,100	4,863,500	5,205,800	5,325,700	5,361,800	5,358,100	5,372,000	5,388,800	5,520,900	5,460,900	5,599,400	4,904,400	4,169,000	4,417,500	4,441,800	4,324,200	4,646,000	4,670,700	4,723,200	4,696,400	4,985,100	5,155,200	5,134,900	5,027,100	5,377,000	1,711,100	1,693,100	1,447,200	1,617,800	1,568,900	1,446,500	1,395,700	1,492,000	1,430,500	1,323,000	1,284,900	1,367,700	1,325,200	1,298,600	1,233,100	1,378,600	1,326,300	1,229,800	1,171,800	1,257,500	1,272,100	1,311,800	1,252,100	1,032,000	989,700	970,200	880,300	977,200	1,004,100	1,016,700	991,100	1,159,500	1,206,400	1,280,200	1,239,200	1,351,700	763,200	796,526	723,100	873,658	762,888	755,449	651,000	718,983	614,213	623,560	570,000	695,987	692,657	662,909	638,200	664,040	638,694	179,686	619,600	654,234	604,767	662,079	591,200	714,438	725,762	750,271	664,900	783,090	757,438	789,955	712,100	840,166	437,317	428,043	342,000	556,900	450,000	438,800	414,000	516,000	490,700	460,500	397,800	500,000	465,800	474,600	400,200	447,200	632,100	665,300	656,400	748,300	711,300	728,700	606,300	650,700	544,600	535,300	456,500	507,500	483,700	458,200	347,700	442,900	420,700	407,300	320,000	360,500	328,100	314,900	273,800	323,200	283,600	281,200	261,000	-	-	-	236,800	-	-	-	215,600	-	-	-	154,100	-	-	-	151,300	-
Short Term Debt	1,127,900	1,071,500	1,391,800	745,900	1,586,000	1,507,300	1,457,000	1,437,800	1,407,500	1,309,400	1,535,900	725,000	860,200	1,150,600	431,500	207,600	813,900	698,400	802,900	693,200	689,200	643,500	715,300	699,000	756,300	583,200	674,700	906,800	889,600	393,200	559,900	513,700	390,200	343,000	684,800	622,600	516,200	270,800	353,400	308,400	282,000	214,100	360,000	551,900	453,800	392,600	231,300	244,400	283,100	222,400	300	208,500	194,500	100,400	197,700	129,500	144,400	116,100	288,600	321,000	395,800	354,000	473,500	136,300	119,861	149,600	455,686	347,039	337,023	81,400	152,843	151,256	155,901	106,100	427,045	421,455	367,385	173,200	167,766	142,810	179,686	171,000	204,223	153,238	207,966	137,300	260,477	271,773	296,136	210,800	328,878	303,140	335,933	551,900	606,832	202,233	188,172	100,600	213,000	206,600	190,800	163,600	254,000	231,700	194,000	121,300	224,200	188,000	188,200	109,000	157,500	294,300	319,500	307,300	398,400	348,300	360,400	232,000	295,400	204,400	191,700	110,100	166,900	289,400	259,400	146,600	242,100	215,000	199,800	112,400	145,400	121,000	104,900	62,300	110,200	72,300	68,000	50,500	-	-	-	71,100	-	-	-	76,700	-	-	-	51,900	-	-	-	56,500	-
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	-429,100	0	0	0	0	0	12,100	100	0	0	0	0	-107,900	300	0	0	-97,600	5,500	3,000	4,500	-88,300	3,500	5,900	4,900	-73,100	7,300	9,800	9,700	12,200	11,500	18,400	15,400	-86,100	0	0	0	-95,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,638,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	12,890,100	12,862,300	12,990,100	12,908,200	13,205,400	13,124,900	12,941,000	12,957,900	12,940,800	12,905,800	12,884,400	12,810,500	12,685,100	12,089,700	10,860,700	10,576,100	10,491,700	10,362,100	10,366,000	10,236,700	10,227,900	10,256,400	10,278,000	10,383,800	10,363,000	10,385,800	10,381,700	4,872,100	4,751,100	4,635,900	4,716,500	4,644,300	4,400,100	4,507,800	4,490,700	4,378,400	4,197,500	4,414,300	4,472,100	4,409,300	4,429,700	4,449,700	4,353,000	4,208,800	4,086,100	4,165,400	4,057,000	3,965,700	4,079,700	4,087,800	3,714,600	3,589,400	3,477,600	3,419,700	3,264,700	3,192,400	3,245,400	3,387,800	3,306,400	3,236,100	3,161,000	3,220,300	3,430,300	2,900,400	2,858,276	2,787,500	2,673,345	2,584,095	2,561,894	2,568,000	2,460,718	2,363,415	2,280,926	2,272,700	2,271,642	2,186,663	2,276,675	2,369,600	2,157,898	2,134,181	2,164,405	2,148,200	2,019,080	2,035,895	1,984,021	1,930,800	1,905,192	1,850,304	1,818,685	1,772,000	1,730,118	1,651,142	1,689,126	1,659,900	1,610,539	1,195,317	1,200,295	1,188,800	1,233,900	1,222,600	1,217,200	1,259,100	1,273,900	1,252,000	1,237,500	1,256,200	1,275,700	1,269,300	1,300,100	1,326,600	1,340,400	1,551,200	1,587,500	1,614,300	1,661,400	1,634,700	1,619,400	1,568,700	1,507,300	1,369,800	1,361,800	1,313,200	1,288,900	1,232,200	1,182,500	1,130,900	1,145,600	1,094,000	1,075,400	1,032,000	998,600	935,000	939,300	946,900	905,800	845,200	828,600	864,500	-	-	-	770,200	-	-	-	718,000	-	-	-	628,900	-	-	-	582,400	-
Total Current Assets	2,020,200	2,001,600	2,127,500	2,104,000	2,411,300	2,386,700	2,412,800	2,324,700	2,239,000	2,195,800	2,160,900	2,052,600	1,954,700	2,083,600	1,759,600	1,615,700	1,524,400	1,550,200	1,589,400	1,473,100	1,428,000	1,479,900	1,474,200	1,564,200	1,606,000	1,617,000	1,642,600	1,425,900	1,385,100	1,421,800	1,468,000	1,402,200	1,306,200	1,406,500	1,374,500	1,358,900	1,304,700	1,416,200	1,408,800	1,324,700	1,340,100	1,370,200	1,370,900	1,217,500	1,211,500	1,285,400	1,219,400	1,167,200	1,192,800	1,222,900	1,163,300	1,079,600	1,015,600	1,015,900	955,600	907,800	901,800	970,500	920,400	885,500	921,000	968,300	980,000	982,800	951,344	983,100	943,593	888,381	887,327	899,400	829,763	832,964	785,666	800,200	774,631	739,054	775,484	864,000	774,499	741,122	739,552	762,100	713,189	773,125	711,196	724,600	663,559	638,808	645,239	635,800	619,873	601,453	601,038	620,000	513,921	474,892	482,988	490,600	506,400	481,300	460,300	503,800	492,500	486,800	472,600	506,500	509,500	493,700	516,300	534,400	540,500	611,000	647,700	670,700	694,900	670,700	658,200	657,700	600,400	546,300	535,600	540,200	511,500	460,300	446,500	468,100	468,800	434,000	427,700	445,200	411,600	369,300	386,200	408,900	410,300	375,600	378,000	427,300	-	-	-	386,800	-	-	-	367,200	-	-	-	324,700	-	-	-	279,600	-
Total Current Liabilities	2,973,800	3,098,900	3,171,000	2,487,100	3,321,000	3,432,400	3,140,400	3,133,000	3,076,700	3,223,800	3,161,300	2,381,200	2,423,700	3,046,500	1,953,500	1,582,300	2,072,400	2,154,400	2,030,400	1,860,100	1,829,100	2,001,700	1,855,100	1,846,700	1,871,500	1,947,300	1,734,200	1,801,400	1,738,400	1,422,700	1,341,200	1,270,700	1,092,200	1,240,200	1,404,600	1,338,800	1,221,000	1,122,000	1,077,600	1,002,800	1,012,100	1,063,100	1,054,300	1,226,200	1,115,500	1,187,600	902,600	900,300	959,900	993,300	639,500	846,500	806,700	834,800	798,500	709,300	715,500	818,200	854,300	856,700	932,300	1,034,100	1,057,100	756,700	737,726	861,300	1,003,959	895,053	895,741	780,500	689,674	703,370	680,104	699,000	897,944	882,600	850,674	772,700	618,460	608,380	632,938	712,700	649,087	631,597	669,320	673,400	722,283	712,435	739,984	713,700	737,996	709,421	734,843	1,027,200	928,417	526,767	510,053	470,600	533,800	527,400	502,400	518,000	561,200	531,600	504,500	498,200	539,800	523,500	527,800	499,300	506,900	593,500	623,700	646,900	702,200	679,100	668,300	600,800	561,200	442,900	428,200	392,900	410,800	512,400	470,800	419,600	454,700	408,700	392,300	360,200	340,100	296,800	292,000	305,900	290,800	240,700	220,500	245,300	-	-	-	277,300	-	-	-	272,400	-	-	-	234,300	-	-	-	213,000	-
Total Liab	7,632,700	7,778,800	7,920,000	7,951,300	8,317,700	8,425,700	8,334,300	8,342,800	8,326,600	8,480,300	8,481,300	8,469,700	8,520,400	8,149,700	6,914,700	6,913,800	6,917,100	6,905,400	6,885,400	6,854,100	6,885,200	7,074,200	7,166,000	7,343,500	7,290,600	7,814,900	7,848,400	3,062,700	3,019,500	2,997,800	2,941,900	2,870,800	2,673,200	2,820,900	2,728,500	2,643,100	2,493,600	2,604,900	2,502,100	2,429,400	2,442,300	2,502,000	2,555,500	2,475,100	2,361,300	2,465,200	2,333,000	2,326,800	2,387,100	2,469,300	1,994,200	1,947,300	1,901,100	1,957,000	1,882,900	1,905,000	1,913,800	2,053,200	1,974,700	1,976,700	2,066,600	2,165,000	2,215,100	1,656,400	1,693,778	1,692,500	1,694,782	1,575,022	1,570,060	1,631,100	1,540,948	1,450,003	1,417,724	1,443,600	1,412,819	1,351,547	1,339,922	1,448,900	1,326,246	1,309,168	1,302,804	1,370,800	1,299,643	1,314,683	1,344,397	1,338,500	1,320,309	1,307,896	1,330,552	1,308,900	1,304,819	1,280,895	1,290,980	1,300,600	1,263,040	860,898	846,916	806,400	877,600	871,600	849,600	871,000	913,300	879,500	859,700	863,100	901,600	887,000	900,000	876,600	876,300	1,042,800	1,071,500	1,095,000	1,175,700	1,156,900	1,144,400	1,078,700	1,012,100	886,900	884,400	846,400	818,500	774,300	738,000	693,000	723,100	691,600	676,200	642,800	622,300	572,100	568,000	582,500	563,700	513,300	497,200	518,300	-	-	-	476,200	-	-	-	437,700	-	-	-	357,600	-	-	-	321,500	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,112,000	3,040,300	3,072,400	2,570,900	2,533,300	1,809,400	1,731,600	1,638,100	1,774,600	1,773,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,638,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Stockholder Equity	5,232,500	5,060,700	5,049,300	4,937,000	4,870,100	4,680,500	4,589,300	4,598,200	4,597,700	4,411,000	4,386,500	4,325,300	4,149,500	3,926,100	3,932,700	3,649,900	3,561,900	3,444,200	3,468,700	3,370,900	3,331,000	3,170,900	3,101,700	3,028,500	3,060,200	2,559,900	2,521,600	1,798,100	1,719,200	1,626,600	1,757,400	1,756,500	1,710,200	1,670,200	1,745,300	1,715,300	1,683,900	1,792,200	1,952,500	1,962,200	1,971,500	1,932,500	1,783,400	1,716,700	1,707,200	1,682,900	1,705,900	1,621,300	1,674,300	1,601,700	1,711,300	1,632,900	1,567,400	1,453,700	1,373,000	1,279,100	1,322,400	1,334,600	1,331,700	1,259,400	1,094,400	1,055,300	1,215,200	1,234,500	1,155,372	1,085,100	969,330	1,004,608	987,804	933,300	916,503	910,053	832,258	799,900	828,995	805,988	904,547	889,700	805,646	801,233	838,278	755,200	719,437	721,212	639,624	592,300	584,883	542,408	476,988	463,100	425,299	370,247	385,666	359,300	347,499	334,419	353,379	382,400	356,300	351,000	367,600	388,100	360,600	372,500	377,800	393,100	374,100	382,300	400,100	450,000	464,100	508,400	516,000	519,300	485,700	477,800	475,000	490,000	495,200	482,900	477,400	466,800	469,200	456,700	443,300	437,900	422,500	402,400	399,200	389,200	376,300	362,900	371,300	364,400	342,100	331,900	331,400	346,200	-	-	-	294,000	-	-	-	280,300	-	-	-	271,300	-	-	-	260,900	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,638,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-11-30	2022-11-30	2021-11-30	2020-11-30	2019-11-30	2018-11-30	2017-11-30	2016-11-30	2015-11-30	2014-11-30	2013-11-30	2012-11-30	2011-11-30	2010-11-30	2009-11-30	2008-11-30	2007-11-30	2006-11-30	2005-11-30	2004-11-30	2003-11-30	2002-11-30	2001-11-30	2000-11-30	1999-11-30	1998-11-30	1997-11-30	1996-11-30	1995-11-30	1994-11-30	1993-11-30	1992-11-30	1991-11-30	1990-11-30	1989-11-30
Begin Period Cash Flow	334,000	351,700	423,600	155,400	96,600	186,800	118,400	112,600	77,300	63,000	79,000	53,900	50,800	39,500	38,900	45,900	49,000	30,300	70,300	25,100	47,300	31,300	23,900	12,000	17,700	13,500	22,400	12,500	15,600	12,800	1,800	6,000	5,300	51,600	11,300
Capital Expenditures	263,900	262,000	278,000	225,300	173,700	169,100	182,400	153,800	128,400	132,700	99,900	110,300	96,700	89,000	82,400	85,800	78,500	84,800	73,800	69,800	91,600	110,700	112,100	53,600	49,300	63,700	43,900	74,700	82,100	87,700	76,100	79,300	73,200	58,400	53,400
Cash And Cash Equivalents Changes	0	17,900	-58,300	236,600	58,800	-90,200	68,400	5,800	35,300	14,300	-16,000	25,100	0	11,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-171,300	-39,100	122,600	-60,600	-358,100	23,000	101,700	20,400	28,500	46,800	-65,600	0	-38,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-167,400	-17,700	-71,900	268,200	58,800	-90,200	68,400	5,800	35,300	14,300	-16,000	25,100	3,100	11,300	600	-7,000	-3,100	18,700	-40,000	45,200	-22,200	16,000	7,400	11,900	-5,700	4,200	-8,800	9,900	-3,100	2,700	11,000	-4,300	700	-46,300	40,400
Change In Working Capital	269,300	-255,700	-222,800	102,600	38,000	-9,200	136,600	81,500	35,600	-54,200	-55,200	-69,900	-136,300	-92,600	14,100	-37,100	-96,500	69,600	35,200	69,700	-68,700	-41,100	-26,400	15,200	44,100	-22,200	22,600	59,600	-112,000	-87,900	-58,500	-15,200	-45,700	-31,800	-29,400
Change Receivables	0	-45,800	-22,600	4,800	12,200	19,800	-13,000	-21,000	15,600	-16,400	-29,200	-38,800	0	-38,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	3,400	-45,800	-22,600	4,800	12,200	19,800	-13,000	-21,000	15,600	-16,400	-29,200	-38,800	-8,600	-38,200	45,800	0	0	14,900	16,800	0	9,800	0	9,500	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	225,000	-205,300	-153,700	-200,200	-20,900	-10,000	44,600	-39,000	-18,000	-54,400	-59,900	1,200	-111,300	-26,800	17,700	-27,400	-7,900	-42,300	-3,000	33,800	-50,000	-20,200	-3,300	-9,800	16,000	-1,700	-13,700	21,800	-13,800	-41,000	-34,100	-14,800	-33,000	-13,200	-2,800
Change To Liabilities	0	125,300	34,900	164,200	128,200	72,800	98,200	47,000	40,400	-6,700	12,100	8,200	49,300	10,500	4,800	42,600	8,900	19,100	9,400	5,700	0	12,800	0	600	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	66,000	67,200	37,500	26,400	12,600	59,900	-11,600	24,100	12,000	400	39,400	0	15,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-129,900	-81,400	133,800	-81,500	-91,800	6,800	94,500	-2,400	23,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	199,300	200,600	186,300	165,000	158,800	150,700	125,200	108,700	105,900	102,700	106,000	102,800	98,300	95,100	94,300	85,600	82,600	86,800	74,600	72,000	65,300	66,800	73,000	61,300	57,400	54,800	49,300	63,800	63,700	62,500	50,500	43,800	40,500	36,600	34,800
Dividends Paid	418,500	396,700	363,300	330,100	302,200	273,400	237,600	217,800	204,900	192,400	179,900	164,700	148,500	138,200	125,400	113,500	103,600	95,000	86,200	76,900	64,100	58,600	55,100	52,300	48,700	46,900	45,500	45,300	42,200	39,000	35,600	30,400	22,400	18,700	14,600
End Period Cash Flow	166,600	334,000	351,700	423,600	155,400	96,600	186,800	118,400	112,600	77,300	63,000	79,000	53,900	50,800	39,500	38,900	45,900	49,000	30,300	70,300	25,100	47,300	31,300	23,900	12,000	17,700	13,600	22,400	12,500	15,500	12,800	1,700	6,000	5,300	51,700
Exchange Rate Changes	0	0	0	0	8,800	-1,800	5,400	-13,700	-16,200	-8,800	4,400	3,400	0	14,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	973,400	389,500	550,300	816,000	773,100	652,100	632,900	504,300	461,600	370,900	365,300	344,700	243,300	298,500	333,400	228,800	146,000	226,000	265,400	279,700	99,200	113,000	92,400	148,400	180,000	80,300	137,300	127,000	-22,700	-15,200	4,500	38,000	1,200	13,800	12,600
Investments	-260,500	-146,400	65,400	-1,025,600	-171,000	-158,500	-4,508,300	900	4,200	4,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-73,700	395,800	554,700	-406,700	-466,500	3,574,600	55,700	118,000	56,100	66,700	-80,500	0	-114,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	680,600	682,000	755,300	747,400	702,700	933,400	477,400	472,300	401,600	437,900	389,000	407,800	374,200	370,200	299,800	255,800	230,100	202,200	214,900	214,500	199,200	179,800	146,600	137,500	103,300	103,800	98,400	49,700	97,600	61,100	99,700	95,200	80,900	69,400	52,500
Other Cashflows From Financing Activities	-10,300	720,300	-17,300	-14,100	-12,700	-27,100	3,850,100	291,000	152,700	89,400	362,800	-22,700	526,700	73,600	35,800	509,100	65,500	77,200	-67,600	19,300	16,400	-74,400	-47,600	370,200	-70,400	18,800	4,500	-100	64,900	315,500	113,700	38,800	43,600	13,500	-47,600
Other Cashflows From Investing Activities	0	115,600	-630,600	-800,300	2,700	10,600	-4,325,900	-113,300	-210,500	1,100	-139,800	1,300	0	-40,700	0	14,000	0	0	0	0	133,900	6,500	200	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	30,100	-57,500	6,900	-8,500	-10,800	-10,000	28,100	10,000	27,200	-7,100	22,000	-30,200	-47,200	-7,600	-29,100	47,200	21,400	24,900	29,200	9,600	-32,200	19,100	18,400	10,700	8,000	9,800	100	100	-2,200	-6,500	-10,000	-5,800	-7,400	-2,400	5,300
Sale Purchase Of Stock	-35,700	-38,800	-8,600	-47,300	-95,100	-62,300	-137,800	-242,700	-145,800	-244,300	-177,400	-132,200	-89,300	-82,500	0	-11,000	-157,000	-155,900	-185,600	-173,800	-120,600	-6,800	-11,900	-72,300	-81,000	-63,000	-111,200	-74,700	-16,300	-11,000	-26,400	-31,300	-57,700	-60,000	-77,200
Stock Based Compensation	63,400	60,300	66,600	46,000	37,200	25,600	23,900	25,600	18,700	18,200	18,700	20,200	13,000	11,900	12,700	-28,100	-1,100	-46,700	-20,600	-14,600	11,600	-22,000	-9,300	-17,600	7,200	-4,200	-8,100	54,900	-3,400	70,400	0	0	0	0	0
Total Cash From Financing Activities	-1,184,200	-487,200	22,000	220,900	-725,800	-751,100	3,756,000	-371,500	-199,600	-348,900	-245,900	-324,300	187,800	-261,100	-341,800	433,400	-152,100	-127,200	-294,400	-178,400	-131,300	-111,600	-85,400	254,600	-188,500	-77,000	-145,200	-380,800	17,700	113,900	79,100	4,200	-11,600	-55,500	-124,400
Total Cash From Operating Activities	1,237,300	651,500	828,300	1,041,300	946,800	821,200	815,300	658,100	590,000	503,600	465,200	455,000	340,000	387,500	415,800	314,600	224,500	310,800	339,200	349,500	190,800	223,700	204,500	202,000	229,300	144,000	181,200	201,700	59,400	72,500	80,600	117,300	74,400	72,200	66,000
Total Cashflows From Investing Activities	0	-146,400	-908,600	-1,025,600	-171,000	-158,500	-4,508,300	-267,100	-338,900	-131,600	-239,700	-109,000	0	-129,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-08-31	2013-05-31	2013-02-28	2012-11-30	2012-08-31	2012-05-31	2012-02-29	2011-11-30	2011-08-31	2011-05-31	2011-02-28	2010-11-30	2010-08-31	2010-05-31	2010-02-28	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-11-30	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-11-30	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-02-28	2004-11-30	2004-08-31	2004-05-31	2004-02-29	2003-11-30	2003-08-31	2003-05-31	2003-02-28	2002-11-30	2002-08-31	2002-05-31	2002-02-28	2001-11-30	2001-08-31	2001-05-31	2001-02-28	2000-11-30	2000-08-31	2000-05-31	2000-02-29	1999-11-30	1999-08-31	1999-05-31	1999-02-28	1998-11-30	1998-08-31	1998-05-31	1998-02-28	1997-11-30	1997-08-31	1997-05-31	1997-02-28	1996-11-30	1996-08-31	1996-05-31	1996-02-29	1995-11-30	1995-08-31	1995-05-31	1995-02-28	1994-11-30	1994-08-31	1994-05-31	1994-02-28	1993-11-30	1993-08-31	1993-05-31	1993-02-28	1992-11-30	1992-08-31	1992-05-31	1992-02-29	1991-11-30	1991-08-31	1991-05-31	1991-02-28	1990-11-30	1990-08-31	1990-05-31	1990-02-28
Begin Period Cash Flow	166,600	154,700	127,400	356,800	334,000	343,900	325,800	338,400	351,700	312,600	291,800	256,100	423,600	221,000	185,000	170,800	155,400	162,900	139,400	102,300	96,600	73,000	202,600	179,600	186,800	166,100	130,000	125,700	118,400	134,200	131,500	111,800	112,600	108,400	89,500	81,800	77,300	93,800	81,400	89,400	63,000	146,800	72,100	68,600	79,000	72,200	61,400	54,400	53,900	52,200	47,900	40,600	50,800	23,600	23,100	21,900	39,500	27,900	12,900	23,400	38,900	30,300	47,300	24,436	45,876	45,724	40,469	38,582	49,043	37,712	74,068	31,579	30,263	46,117	20,096	24,394	70,335	25,909	16,125	17,735	25,141	12,184	24,994	21,002	47,332	23,329	40,158	62,181	31,331	32,134	47,484	31,292	23,890	35,922	28,451	24,009	11,961	13,900	13,800	16,100	17,700	8,900	12,700	8,400	13,500	0	0	23,500	22,400	16,100	0	22,400	12,500	30,700	7,100	15,500	15,600	14,000	800	18,200	12,800	4,900	300	5,600	1,800	0	5,200	6,900	6,000	800	4,600	2,200	5,300	0	7,300	2,100	51,600
Capital Expenditures	62,000	76,700	68,600	57,100	61,500	95,200	65,200	57,900	43,700	88,100	77,100	64,200	48,600	79,700	58,500	48,600	38,500	66,600	53,000	28,700	25,400	56,500	52,700	28,600	31,300	74,000	42,200	36,600	29,600	65,900	33,100	32,400	22,400	58,400	27,300	27,200	15,500	54,700	30,600	28,900	18,500	45,900	19,400	22,200	12,400	48,100	27,000	20,100	15,100	37,900	25,400	19,200	14,200	36,500	20,100	23,400	9,000	28,600	17,200	21,200	15,400	29,100	16,500	22,920	17,280	27,868	15,826	19,350	15,456	27,808	23,246	17,205	16,541	27,969	15,515	16,334	13,982	24,668	17,478	14,706	12,948	35,278	13,132	23,493	19,697	18,945	16,674	39,264	35,817	31,989	28,476	30,487	21,148	18,044	12,481	10,741	12,334	15,100	12,100	12,300	9,800	10,300	26,100	13,700	13,600	7,000	9,900	11,500	15,500	12,700	21,900	18,600	21,500	23,400	23,300	18,600	16,800	22,700	23,100	20,600	21,300	19,200	57,900	93,900	20,900	23,000	18,200	59,100	25,000	19,300	18,900	19,800	15,200	5,600	30,600	14,500	7,700
Cash And Cash Equivalents Changes	0	0	0	0	-2,800	-3,000	37,400	4,900	-21,400	0	0	27,700	-174,700	185,900	10,900	26,200	13,600	-7,500	23,500	37,100	5,700	23,600	-129,600	23,000	-7,200	20,700	36,100	4,300	7,300	0	2,700	19,700	-800	0	0	7,700	4,500	0	0	0	0	-83,800	74,700	3,500	-10,400	0	0	0	0	0	4,300	7,300	-10,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	-49,900	38,300	-6,900	-17,200	-185,500	0	0	15,200	-256,300	197,500	14,300	59,700	-148,900	79,200	-56,200	9,100	-92,700	104,600	-61,400	81,600	-482,900	124,400	-16,300	-4,900	-80,200	0	-49,700	700	-44,400	0	0	-38,200	3,000	0	0	0	0	158,500	-34,400	-7,500	-69,800	0	0	0	0	0	-66,300	-47,600	-119,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	11,400	11,900	27,300	-229,400	22,800	-9,900	18,100	-12,600	-13,300	39,100	20,800	35,700	-167,500	202,600	36,000	14,200	15,400	-7,500	23,500	37,100	5,700	23,600	-129,600	23,000	-7,200	20,700	36,100	4,300	7,300	-15,800	2,700	19,700	-800	4,200	18,900	7,700	4,500	-16,500	12,400	-8,000	26,400	-83,800	74,700	3,500	-10,400	6,800	10,800	7,000	500	1,700	4,300	7,300	-10,200	27,200	500	1,200	-17,600	11,600	15,000	-10,500	-15,500	8,600	-17,000	22,864	-21,440	176	5,255	1,887	-10,461	11,288	-36,356	42,489	1,316	-15,817	26,021	-4,298	-45,941	44,391	9,784	-1,610	-7,406	12,916	-12,810	3,992	-26,330	23,971	-16,829	-22,023	30,850	-834	-15,350	16,192	7,402	-12,022	7,471	4,442	12,048	-1,900	100	-2,400	-1,600	8,800	-3,800	4,300	-5,100	3,000	-400	-12,500	1,100	-14,400	16,100	-1,700	9,900	-18,200	12,100	7,100	-4,100	1,500	-4,900	800	5,400	2,000	4,900	300	3,800	-2,900	-7,500	5,200	900	-1,600	800	4,600	-3,100	-2,200	-1,600	7,300	-49,500
Change In Working Capital	-90,200	284,800	27,600	52,100	-95,200	135,200	-141,500	-52,400	-197,000	144,300	-119,700	8,900	-256,300	177,500	14,300	59,700	-148,900	177,800	-56,200	9,100	-92,700	145,300	-51,100	81,600	-185,000	235,100	-13,400	-4,900	-80,200	174,900	-49,700	700	-44,400	67,400	3,400	-38,200	3,000	45,600	-48,200	-17,500	-34,100	56,500	-34,400	-7,500	-69,800	22,000	-19,300	3,700	-76,300	96,700	-66,300	-47,600	-119,100	67,600	-43,200	-24,400	-92,600	58,400	400	22,600	-91,300	97,000	-64,800	-21,396	-47,904	96,213	-46,797	-8,281	-137,635	111,147	-21,839	25,031	-44,739	79,069	3,635	8,146	-55,650	136,271	-21,777	2,018	-46,812	78,243	-43,453	-17,595	-85,895	64,050	-25,817	-19,095	-60,238	51,027	-26,213	33,154	-84,368	77,381	-31,608	5,466	-36,039	76,600	-9,500	-46,300	23,300	65,900	-7,900	-23,200	-57,000	64,100	-25,900	13,900	-29,500	77,700	-42,700	28,100	-3,500	29,800	-27,800	17,600	-131,600	44,700	-63,600	-3,700	-65,300	82,800	152,800	-27,800	-72,800	34,400	-11,200	-10,100	-49,600	39,900	-38,800	12,400	-59,200	44,800	-22,100	15,000	-69,500
Change Receivables	0	0	0	0	9,700	-2,200	-90,900	14,100	33,200	0	0	0	0	4,800	0	0	0	12,200	0	0	0	19,800	0	0	0	-13,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-29,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	16,500	26,300	-49,400	16,800	9,700	-2,200	-90,900	14,100	33,200	-23,900	-50,100	20,400	31,000	-13,600	18,400	4,800	0	12,200	12,200	12,200	12,200	19,800	19,800	19,800	19,800	-13,000	0	0	0	-21,000	0	0	0	15,600	0	0	0	-16,400	0	0	0	-29,200	0	0	0	-38,800	0	0	0	0	0	0	0	0	0	0	0	45,800	0	0	0	0	0	0	0	0	0	0	0	14,900	0	0	0	16,800	0	0	0	0	0	0	0	9,800	0	0	0	0	0	0	0	9,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	-2,300	85,300	68,000	71,900	-200	33,200	-78,000	-110,600	-49,900	2,800	-66,100	-68,900	-21,500	-70,800	-129,400	-200,200	0	-20,900	-20,900	-20,900	-20,900	-10,000	-10,000	-10,000	-10,000	44,600	0	0	0	-39,000	0	0	0	-18,000	0	0	0	-54,400	0	0	0	-59,900	0	0	0	1,200	0	0	0	0	0	0	0	0	0	0	0	17,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	33,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	38,000	-9,800	-15,400	3,200	28,500	-4,200	-7,600	-18,400	11,300	-12,100	-5,500	-7,400	23,400	-25,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	-8,500	-27,100	-54,800	24,500	34,300	61,300	5,200	51,600	-16,700	0	0	164,200	0	0	0	128,200	0	0	0	72,800	0	0	0	98,200	0	98,200	98,200	47,000	47,000	47,000	0	40,400	0	0	0	-6,700	0	0	0	12,100	0	0	0	8,200	0	0	0	49,300	0	0	0	10,500	0	0	0	4,800	0	0	0	42,600	0	0	0	8,900	0	0	0	19,100	0	0	0	9,400	0	0	0	5,700	0	0	0	0	0	0	0	12,800	0	0	0	0	0	0	0	600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	14,800	37,400	11,700	69,500	-35,700	21,200	11,000	66,500	4,300	24,500	14,200	6,500	8,400	15,500	7,100	-700	5,700	13,400	8,000	-8,100	4,500	13,000	3,200	46,800	2,400	8,000	2,700	-4,400	2,400	13,700	2,500	46,900	0	16,300	-2,500	17,200	0	0	0	-2,800	-500	4,500	-800	0	0	0	0	0	-1,000	8,600	-4,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	17,500	-9,500	-49,900	79,700	-6,900	-17,200	-185,500	113,800	52,200	8,900	-256,300	208,700	14,300	59,700	-148,900	58,300	-56,200	9,100	-92,700	62,700	-51,100	81,600	-185,000	6,800	-13,400	-4,900	-80,200	94,500	-49,700	-49,700	0	-2,400	0	0	0	23,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	45,800	48,900	53,800	48,800	47,800	52,400	50,000	49,200	49,000	47,200	47,200	43,800	48,100	41,100	42,400	39,600	41,900	40,800	39,000	38,700	40,300	39,100	37,500	37,500	36,600	35,600	31,500	29,800	28,300	26,400	29,300	26,600	26,400	27,200	26,200	27,600	24,900	24,600	24,600	26,700	26,800	29,100	25,200	25,500	26,200	26,000	26,200	24,800	25,800	25,100	24,700	24,800	23,700	25,000	24,200	22,800	23,100	24,700	22,500	27,100	20,000	21,000	20,500	21,651	22,449	21,211	21,472	20,035	19,882	25,518	21,824	21,373	18,085	20,380	18,727	17,852	17,641	18,573	18,725	18,464	16,238	18,347	9,538	19,280	18,135	19,081	15,440	17,373	14,906	18,143	18,251	19,321	17,285	18,547	14,376	13,913	14,464	15,400	13,500	14,900	13,600	15,200	13,500	13,100	13,000	11,900	12,800	11,800	12,800	15,700	15,100	16,900	16,100	18,000	14,000	15,600	16,100	18,000	16,900	14,500	13,100	13,200	12,300	13,000	12,000	12,200	10,700	10,800	10,100	11,000	10,500	9,700	9,300	9,700	8,900	9,300	8,700
Dividends Paid	112,700	104,700	104,600	104,600	104,600	99,200	99,300	99,200	99,000	90,900	90,800	90,800	90,800	82,700	82,500	82,500	82,400	75,800	75,600	75,500	75,300	68,500	68,400	68,300	68,200	61,600	58,600	58,500	58,900	54,200	54,300	54,700	54,600	51,200	51,200	51,200	51,300	47,700	48,000	48,100	48,600	44,900	44,900	45,000	45,100	41,100	41,200	41,000	41,400	37,100	37,100	37,100	37,200	34,500	34,700	34,600	34,400	31,400	31,400	31,400	31,200	28,000	29,000	28,352	28,148	25,505	25,959	26,081	26,055	23,580	23,710	23,829	23,881	21,379	21,484	21,623	21,714	19,145	19,194	19,325	19,236	16,630	16,743	15,312	15,415	14,670	14,723	14,671	14,536	13,806	13,824	13,777	13,693	13,026	13,010	13,059	13,205	12,500	11,700	12,200	12,300	11,600	11,700	11,800	11,800	11,200	11,300	11,400	11,600	11,200	11,300	11,400	11,400	10,500	10,600	10,600	10,500	9,800	9,800	9,700	9,700	8,900	9,000	8,900	8,800	8,000	8,000	7,200	7,200	6,000	6,000	5,200	5,200	4,800	4,900	4,400	4,600
End Period Cash Flow	178,000	166,600	154,700	127,400	356,800	334,000	343,900	325,800	338,400	351,700	312,600	291,800	256,100	423,600	221,000	185,000	170,800	155,400	162,900	139,400	102,300	96,600	73,000	202,600	179,600	186,800	166,100	130,000	125,700	118,400	134,200	131,500	111,800	112,600	108,400	89,500	81,800	77,300	93,800	81,400	89,400	63,000	146,800	72,100	68,600	79,000	72,200	61,400	54,400	53,900	52,200	47,900	40,600	50,800	23,600	23,100	21,900	39,500	27,900	12,900	23,400	38,900	30,300	47,300	24,436	45,900	45,724	40,469	38,582	49,000	37,712	74,068	31,579	30,300	46,117	20,096	24,394	70,300	25,909	16,125	17,735	25,100	12,184	24,994	21,002	47,300	23,329	40,158	62,181	31,300	32,134	47,484	31,292	23,900	35,922	28,451	24,009	12,000	13,900	-2,400	16,100	17,700	8,900	4,300	8,400	3,000	-400	-12,500	23,500	-14,400	16,100	-1,700	22,400	12,500	12,100	7,100	11,500	15,500	-4,900	800	18,200	2,000	4,900	300	5,600	-2,900	-7,500	5,200	6,900	-1,600	800	4,600	2,200	-2,200	-1,600	7,300	2,100
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	13,400	-7,900	-3,500	6,800	-5,100	-2,400	-3,600	9,300	-7,700	13,500	-5,900	5,500	0	-600	4,800	-11,000	0	0	2,400	-11,700	0	0	0	0	900	-700	500	3,700	0	0	0	0	0	600	12,400	3,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	76,400	500,500	197,300	233,700	41,900	306,200	30,500	78,600	-25,800	367,300	67,100	196,700	-80,800	334,900	212,700	262,100	6,300	385,600	127,400	181,900	78,200	375,700	101,400	226,800	-51,800	438,300	83,600	96,300	14,700	269,800	76,600	102,400	55,500	215,000	103,400	62,800	80,400	173,100	63,100	76,500	58,200	191,900	75,300	78,900	19,200	150,600	84,900	101,800	7,400	216,400	24,000	40,200	-37,300	205,800	59,900	46,900	-14,100	192,100	81,200	88,800	-28,700	170,200	6,100	45,511	6,989	173,672	15,117	47,758	-90,547	157,780	20,902	73,255	-25,937	177,366	51,770	53,176	-16,912	216,284	24,665	47,733	-8,982	141,134	-9,613	19,674	-51,995	154,993	2,426	6,212	-50,631	130,387	-33,193	55,601	-60,395	135,254	-1,903	29,951	-14,902	143,900	16,100	14,100	5,900	131,900	500	-9,300	-42,800	137,100	-10,300	29,100	-18,600	103,000	-11,300	36,000	-700	74,600	-16,500	30,200	-111,000	71,500	-42,900	11,600	-55,400	95,100	49,800	-59,900	-80,500	157,600	-29,900	-33,500	-56,200	60,300	-25,400	16,700	-50,400	78,400	-24,600	17,900	-57,900
Investments	-61,800	-75,700	-68,700	-54,600	-61,500	-90,900	33,700	-45,500	-43,700	-78,000	-77,000	65,400	-755,200	-882,300	-58,100	-46,900	-38,300	-66,500	-50,500	-28,700	-25,300	0	0	0	0	0	0	0	0	4,200	4,200	4,200	0	4,200	0	0	0	4,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	-76,800	-353,800	64,300	-203,100	16,700	18,900	93,800	-229,600	58,700	-137,600	706,200	737,400	-120,400	-167,000	104,700	-316,500	-42,200	-70,800	22,800	-289,900	-168,700	-118,100	110,200	-349,700	3,663,900	15,100	245,300	55,700	45,900	122,900	49,100	118,000	0	107,200	40,700	56,100	0	0	0	-146,500	55,200	97,600	60,400	0	0	0	0	0	41,200	16,400	93,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	166,000	219,300	170,100	152,100	139,100	185,700	222,900	118,500	154,900	197,400	212,400	183,700	161,800	200,700	206,100	195,900	144,700	213,400	191,900	149,400	148,000	214,000	173,500	123,300	422,600	175,700	108,200	100,000	93,500	157,400	127,700	93,800	93,400	149,200	97,600	84,300	70,500	148,000	122,900	84,500	82,500	130,000	104,400	78,600	76,000	148,500	104,400	80,400	74,500	131,800	92,000	73,600	76,800	133,700	115,400	53,200	67,900	116,300	75,100	50,700	57,700	82,400	68,600	53,377	51,423	87,598	56,849	41,425	44,228	83,100	43,067	61,645	14,388	88,101	47,970	42,794	36,035	87,345	46,196	42,853	38,106	72,796	51,306	39,959	35,139	77,169	35,177	33,613	33,841	59,066	34,312	26,636	26,586	57,616	31,265	24,202	24,417	54,000	25,300	5,800	18,200	50,000	21,500	16,100	16,200	48,200	20,200	14,800	15,200	45,900	-16,500	10,900	9,400	42,300	19,900	16,100	19,300	-2,800	26,500	19,100	18,300	38,900	24,900	18,100	17,800	35,000	23,900	18,900	17,400	30,000	20,800	14,900	15,200	25,500	17,900	16,100	9,900
Other Cashflows From Financing Activities	84,100	-114,600	1,600	-5,800	67,000	-198,300	770,100	29,100	115,600	-2,100	-300	-8,700	-6,200	-2,300	-1,500	-7,300	-3,000	-2,400	-200	-7,000	-3,100	-13,800	-6,600	-3,800	-2,900	-77,400	4,201,000	-4,900	-1,700	-161,300	56,600	137,100	258,600	-88,000	78,300	110,200	52,200	-69,500	48,500	33,100	77,300	115,600	58,500	117,400	71,300	-72,100	-5,500	-23,700	78,600	230,000	263,500	152,600	17,100	27,700	-11,900	8,500	42,900	22,100	-10,700	-71,400	41,500	-120,000	577,800	-26,440	68,440	-157,798	108,389	9,896	105,013	-70,707	101,454	-4,781	51,234	-124,904	2,965	29,021	25,318	-24,722	23,180	12,931	7,911	-49,412	53,665	-58,231	70,378	-123,540	-11,465	-24,771	85,376	-118,737	25,843	-32,518	77,812	-128,375	403,740	11,206	83,629	-113,500	5,100	11,900	26,100	-103,500	51,600	64,800	128,300	-103,600	35,700	-7,100	158,900	-50,400	-211,700	-40,200	19,700	-85,200	78,800	300	241,200	-51,800	108,800	7,800	93,000	-78,100	76,300	48,900	257,200	-104,200	27,400	9,900	105,700	-55,100	33,000	21,100	110,500	-57,200	73,200	-5,400	65,500
Other Cashflows From Investing Activities	0	0	2,400	2,500	2,500	4,300	98,900	12,400	300	10,100	-640,700	200	-706,600	-802,600	400	1,700	200	100	2,500	100	100	11,400	2,500	600	-3,900	800	-4,203,100	-500	-123,100	1,400	2,700	-116,800	0	1,400	0	-111,400	0	1,400	0	0	0	-11,800	-13,200	-115,900	1,100	0	0	0	0	0	-38,800	300	0	0	0	0	0	0	0	0	0	14,000	14,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	133,900	138,261	0	530	6,500	2,398	1,503	587	200	999	526	399	0	0	123	139	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	33,700	17,300	1,800	11,100	-21,900	-4,900	-47,900	-4,600	-100	54,100	-7,300	-3,900	6,300	-12,900	-2,300	-5,200	700	-7,300	-2,100	-2,700	1,300	-9,100	-1,000	1,200	-1,100	60,400	-4,500	-2,300	-1,400	-28,800	-1,600	900	-500	27,900	400	6,100	-6,200	6,500	-8,600	2,200	-1,100	19,600	-4,100	-5,200	-3,600	20,600	118,600	80,400	74,500	131,800	92,000	3,100	-6,600	13,800	-5,600	200	-6,300	19,100	-2,300	9,600	2,700	-1,100	-1,700	14,799	3,730	-3,482	-581	13,929	4,630	-34,177	1,096	-17,589	2,870	17,785	-3,047	718	-956	-1,237	-1,001	-896	-3,566	7,026	-13,872	1,523	323	13,638	-5,700	13,585	-3,323	34,140	-31,067	6,977	1,250	-246	-3,455	-2,889	-5,410	13,000	-1,100	52,000	-39,400	11,100	-500	-1,600	-1,400	19,900	-7,500	100	-1,600	-23,600	54,700	-1,300	-1,400	-2,500	200	-700	800	-5,400	-1,200	1,200	-1,100	-15,900	-47,000	1,900	-90,300	91,400	-47,600	-5,200	-59,600	-4,800	-100	-1,200	-1,300	5,300	200	-7,900	0
Sale Purchase Of Stock	-300	-9,000	-8,100	-15,100	-3,500	-12,700	-13,200	-4,200	-8,700	-5,400	-2,800	-300	-100	-1,300	-25,200	-900	-19,900	-18,200	-17,100	-29,300	-30,500	-22,300	-7,900	-15,300	-16,800	-2,000	556,500	-53,100	-82,700	-63,800	-78,100	-53,000	-47,800	-73,500	-2,400	-5,000	-64,900	-65,900	-52,100	-69,400	-56,900	-85,300	3,000	-31,900	-60,200	-34,000	-29,600	-26,300	-42,300	-100	14,400	-38,900	-50,300	-44,300	-31,800	0	0	0	0	0	0	-1,700	0	0	0	-10,172	-89,292	-46,569	-10,967	-67,948	-27,559	-47,577	-12,816	-44,320	-20,548	-75,491	-45,241	-65,362	-15,436	-76,951	-16,051	-80,030	-5,495	-14,067	-21,008	1,471	-704	-2,310	-5,257	-1,023	-1,272	-3,437	-6,168	-5,903	-254	-25,745	-40,398	-22,100	-12,600	-22,000	-24,300	-9,200	-19,000	-11,800	-23,000	-20,800	-18,300	-23,700	-48,400	-53,800	0	0	-3,600	-1,500	-2,200	-5,300	-7,300	-2,300	-3,500	-2,600	-2,600	-3,100	-6,300	-5,200	-11,800	-5,500	-5,400	-8,200	-12,200	-18,000	-9,200	-22,900	-7,600	-10,300	-13,800	-12,700	-23,200
Stock Based Compensation	11,700	12,300	12,600	26,700	11,800	11,200	12,200	25,800	11,100	12,400	11,600	28,400	14,200	8,200	10,700	20,700	6,400	6,600	7,800	16,100	6,700	4,000	5,500	11,800	4,300	5,500	4,000	10,300	4,100	5,800	4,000	12,800	3,000	1,700	3,100	10,200	3,700	3,100	3,000	9,500	2,600	2,600	3,600	9,700	2,800	8,300	3,200	6,100	2,600	2,600	2,800	5,500	2,100	2,200	2,200	5,500	2,000	2,200	2,700	0	2,700	0	0	0	3,730	0	0	0	4,630	0	0	0	10,150	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-300	-3,000	-700	300	0	70,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-67,700	-483,000	-183,100	-473,400	-44,700	-313,500	-92,000	-86,100	4,400	-325,000	-30,900	-234,800	612,700	653,600	-202,200	-237,600	7,100	-406,600	-98,500	-141,300	-79,400	-358,400	-231,100	-200,800	39,200	-410,700	4,142,100	-85,600	110,200	-279,300	-76,000	29,300	-45,500	-212,900	23,600	53,900	-64,200	-183,300	-51,800	-85,200	-28,600	-264,800	13,300	40,000	-34,400	-147,300	-76,700	-91,000	-9,300	191,700	18,500	-45,600	23,200	-148,400	-80,900	-40,200	8,400	-182,100	-71,400	-102,800	14,500	-148,500	577,700	-42,107	46,307	-184,593	-630	-51,562	84,685	-149,805	59,020	-57,745	21,330	-186,659	-26,994	-52,758	-27,989	-110,275	-14,067	-43,785	-10,273	-133,715	37,973	-76,254	40,696	-136,173	-25,585	-30,391	80,549	-130,549	17,718	-39,914	67,345	-142,742	390,884	-23,672	30,130	-147,900	-16,100	-16,600	-7,900	-125,000	-3,700	14,800	36,900	-134,900	8,600	-38,700	19,800	-118,800	-223,000	-48,600	9,600	-93,400	28,500	-25,500	108,100	-62,800	96,300	-3,900	84,300	-86,300	29,600	17,700	118,100	-110,200	20,100	-3,300	97,600	-73,400	25,800	-10,800	46,800	-65,300	22,600	-20,100	7,300
Total Cash From Operating Activities	138,400	577,200	265,900	290,800	103,400	401,400	95,700	136,500	17,900	455,400	144,200	260,900	-32,200	414,600	271,200	310,700	44,800	452,200	180,400	210,600	103,600	432,200	154,100	255,400	-20,500	512,300	125,800	132,900	44,300	335,700	109,700	134,800	77,900	273,400	130,700	90,000	95,900	227,800	93,700	105,400	76,700	237,800	94,700	101,100	31,600	198,700	111,900	121,900	22,500	254,300	49,400	59,400	-23,100	242,300	80,000	70,300	-5,100	220,700	98,400	110,000	-13,300	199,300	22,600	68,431	24,269	201,540	30,943	67,108	-75,091	185,588	44,148	90,460	-9,396	205,335	67,285	69,510	-2,930	240,952	42,143	62,439	3,966	176,412	3,519	43,167	-32,298	173,938	19,100	45,476	-14,814	162,376	-4,717	86,088	-39,247	153,298	10,578	40,692	-2,568	159,000	28,200	26,400	15,700	142,200	26,600	4,400	-29,200	144,100	-400	40,600	-3,100	115,700	10,600	54,600	20,800	98,000	6,800	48,800	-94,200	94,200	-19,800	32,200	-34,100	114,300	-8,100	34,000	-59,600	134,600	-11,700	25,600	-31,200	79,600	-6,500	36,500	-35,200	84,000	6,000	32,400	-50,200
Total Cashflows From Investing Activities	0	0	-184,800	-116,100	-61,500	-90,900	33,700	-45,500	-43,700	-78,000	-830,600	1,600	-755,200	-882,300	-58,100	-46,900	-38,300	-66,500	-50,500	-28,700	-25,300	-45,100	-50,200	-28,000	-35,200	-73,200	-4,245,300	-37,100	-152,700	-267,100	-30,400	-149,200	-22,200	-338,900	-280,600	-138,600	-15,500	-131,600	-77,200	-46,700	0	-57,700	-32,600	-138,100	-11,300	-109,000	-61,500	-34,900	0	0	-64,200	-18,900	-14,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-11-30	2022-11-30	2021-11-30	2020-11-30	2019-11-30	2018-11-30	2017-11-30	2016-11-30	2015-11-30	2014-11-30	2013-11-30	2012-11-30	2011-11-30	2010-11-30	2009-11-30	2008-11-30	2007-11-30	2006-11-30	2005-11-30	2004-11-30	2003-11-30	2002-11-30	2001-11-30	2000-11-30	1999-11-30	1998-11-30	1997-11-30	1996-11-30	1995-11-30	1994-11-30	1993-11-30	1992-11-30	1991-11-30	1990-11-30	1989-11-30	1988-11-30	1987-11-30	1986-11-30	1985-11-30
Cost Of Revenue	4,159,700	4,076,000	3,823,300	3,300,900	3,202,100	3,213,700	2,823,900	2,579,800	2,559,000	2,513,000	2,457,600	2,396,400	2,175,100	1,919,100	1,864,900	1,888,400	1,724,400	1,601,800	1,555,400	1,518,300	1,371,000	1,463,400	1,401,000	1,257,400	1,232,300	1,177,400	1,123,000	1,064,200	1,147,800	1,004,100	902,900	843,600	846,000	801,600	771,100	1,078,100	677,600	605,300	536,300
Depreciation And Amortization	199,300	303,100	279,000	195,000	185,500	150,700	125,200	108,700	105,900	102,700	106,000	102,800	98,300	95,100	94,300	85,600	82,600	86,800	74,600	72,000	65,300	66,800	73,000	61,300	57,400	54,800	49,300	63,800	63,700	62,500	50,500	43,800	40,500	36,600	34,800	27,500	32,600	32,100	28,200
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Ebit	963,000	863,600	1,015,100	999,500	957,700	787,700	731,300	645,200	549,500	604,100	552,700	580,700	540,300	509,800	480,600	411,700	407,600	380,500	333,700	313,500	271,500	262,600	228,200	208,400	194,000	174,600	148,900	201,600	197,700	271,700	169,700	165,200	140,000	116,900	89,100	68,100	46,400	63,500	55,600
Ebitda	963,000	1,166,700	1,294,100	1,194,500	1,143,200	938,400	856,500	753,900	655,400	706,800	658,700	683,500	638,600	604,900	574,900	497,300	490,200	467,300	408,300	385,500	336,800	329,400	301,200	269,700	251,400	229,400	198,200	265,400	261,400	334,200	220,200	209,000	180,500	153,500	123,900	95,600	79,000	95,600	83,800
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Extraordinary Items	0	0	0	0	1,500	301,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Gross Profit	2,502,500	2,274,500	2,494,600	2,300,400	2,145,300	2,089,100	2,010,200	1,831,700	1,737,300	1,730,200	1,665,800	1,617,800	1,522,500	1,417,700	1,327,200	1,288,200	1,191,800	1,114,600	1,036,600	1,007,900	898,600	856,600	972,300	866,100	774,600	703,700	678,000	668,300	710,900	690,700	653,700	627,800	581,900	521,400	475,000	105,800	400,900	370,400	336,700
Income Before Tax	798,700	812,800	895,800	881,500	819,200	741,300	594,800	589,200	496,200	554,400	499,400	526,100	491,400	462,700	416,500	337,800	302,400	223,000	295,700	293,800	270,000	234,800	190,400	204,100	163,400	158,700	150,100	67,400	149,200	87,000	160,200	138,300	123,700	108,000	82,000	58,400	48,900	51,200	45,900
Income Tax Expense	174,500	168,600	192,700	174,900	157,400	-157,300	151,300	153,000	131,300	145,900	133,600	139,800	142,600	118,000	133,000	100,600	92,200	64,700	96,700	89,000	83,400	74,300	62,900	66,600	60,100	54,900	52,700	23,900	53,700	33,800	60,500	53,000	42,800	38,600	29,500	22,800	18,300	21,500	18,100
Interest Expense	208,200	149,100	136,600	135,600	165,200	174,600	95,700	56,000	53,300	49,700	53,300	54,600	51,200	49,300	52,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27,500	32,600	32,100	28,200
Interest Income	36,600	149,100	127,300	127,800	155,800	167,700	91,300	56,000	53,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Minority Interest	0	0	0	13,900	12,500	11,300	11,000	11,500	16,700	17,200	0	0	0	0	0	0	700	2,800	4,700	4,900	3,800	3,100	2,400	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income	624,200	682,000	755,300	747,400	702,700	933,400	477,400	472,300	401,600	437,900	389,000	407,800	374,200	370,200	299,800	255,800	230,100	202,200	214,900	214,500	210,800	179,800	146,600	137,500	103,300	103,800	98,400	41,900	97,600	61,100	73,100	95,200	80,900	69,400	52,500	36,300	30,600	29,700	27,800
Net Income Applicable To Common Shares	0	682,000	755,300	747,400	702,700	933,400	477,400	472,300	401,600	437,900	389,000	407,800	374,200	370,200	299,800	255,800	230,100	202,200	214,900	214,500	199,200	179,800	146,600	137,500	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income From Continuing Ops	680,600	644,200	703,100	706,600	661,800	898,600	443,500	436,200	364,900	408,500	365,800	386,300	0	344,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Interest Income	-171,600	-131,300	-127,300	-127,800	-165,200	-174,600	-111,100	-56,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Operating Income Net Other	0	136,100	69,500	58,400	67,600	47,400	37,400	40,300	37,800	30,500	25,400	23,900	0	27,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Recurring	0	53,800	75,400	19,300	20,800	38,800	63,000	15,700	61,500	5,200	25,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Operating Income	963,000	863,600	1,015,100	999,500	957,700	891,100	702,400	641,000	548,400	603,000	550,500	578,300	540,300	509,800	466,900	376,500	354,200	269,600	343,500	332,700	295,500	277,700	240,600	226,100	194,900	185,100	167,700	151,400	201,100	198,700	180,500	167,200	145,600	127,100	102,000	78,300	63,100	66,900	60,600
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Operating Expenses	5,638,000	5,433,100	5,227,400	4,582,500	4,368,900	4,372,900	4,068,700	3,754,800	3,686,400	3,635,000	3,547,900	3,435,900	3,157,300	2,827,000	2,711,500	2,788,000	2,531,300	2,374,400	2,248,500	2,193,500	1,974,100	2,042,300	2,131,700	1,897,400	1,812,000	1,696,000	1,633,300	1,581,100	1,657,600	1,496,100	1,376,100	1,304,200	1,282,300	1,195,900	1,144,100	1,105,600	1,015,400	908,800	812,400
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Reconciled Depreciation	199,300	200,600	186,300	165,000	158,800	150,700	125,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Research Development	94,900	87,500	87,300	68,600	67,300	69,400	66,100	61,000	60,800	62,000	61,300	57,800	58,100	52,700	48,900	51,000	49,300	43,600	42,100	39,300	33,200	31,400	27,100	24,900	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Selling And Marketing Expenses	247,100	240,400	237,800	230,300	214,600	270,300	172,500	343,400	336,400	326,900	304,700	293,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Selling General Administrative	1,478,300	1,116,700	1,166,300	1,281,600	1,166,800	1,429,500	1,244,800	1,175,000	1,127,400	1,122,000	1,090,300	1,039,500	982,200	907,900	846,600	870,600	806,900	772,600	681,900	677,700	597,600	570,900	719,900	578,700	522,300	463,800	461,000	453,100	446,100	429,500	0	0	0	0	0	-	-	-	-
Tax Provision	174,500	168,600	192,700	174,900	157,400	-157,300	151,300	153,000	131,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Operating Expenses	1,478,300	1,357,100	1,404,100	1,281,600	1,166,800	1,159,200	1,244,800	1,175,000	1,127,400	1,122,000	1,090,300	1,039,500	982,200	907,900	846,600	899,600	806,900	772,600	693,100	675,200	603,100	578,900	730,700	640,000	579,700	518,600	510,300	516,900	509,800	492,000	473,200	460,600	436,300	394,300	373,000	27,500	337,800	303,500	276,100
Total Other Income Expense Net	-164,300	-50,800	-119,300	-118,000	-138,500	-14,000	-59,500	-11,500	-60,400	-4,100	-22,800	2,400	2,300	2,200	-11,300	-23,100	-1,300	-18,600	9,800	19,200	24,000	15,100	13,400	17,700	900	10,500	18,800	-50,200	3,400	-73,000	10,800	2,000	5,600	10,200	12,900	10,200	16,700	3,400	5,000
Total Revenue	6,662,200	6,350,500	6,317,900	5,601,300	5,347,400	5,302,800	4,834,100	4,411,500	4,296,300	4,243,200	4,123,400	4,014,200	3,697,600	3,336,800	3,192,100	3,176,600	2,916,200	2,716,400	2,592,000	2,526,200	2,269,600	2,320,000	2,373,300	2,123,500	2,006,900	1,881,100	1,801,000	1,732,500	1,858,700	1,694,800	1,556,600	1,471,400	1,427,900	1,323,000	1,246,100	1,183,900	1,078,500	975,700	873,000

	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-08-31	2013-05-31	2013-02-28	2012-11-30	2012-08-31	2012-05-31	2012-02-29	2011-11-30	2011-08-31	2011-05-31	2011-02-28	2010-11-30	2010-08-31	2010-05-31	2010-02-28	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-11-30	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-11-30	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-02-28	2004-11-30	2004-08-31	2004-05-31	2004-02-29	2003-11-30	2003-08-31	2003-05-31	2003-02-28	2002-11-30	2002-08-31	2002-05-31	2002-02-28	2001-11-30	2001-08-31	2001-05-31	2001-02-28	2000-11-30	2000-08-31	2000-05-31	2000-02-29	1999-11-30	1999-08-31	1999-05-31	1999-02-28	1998-11-30	1998-08-31	1998-05-31	1998-02-28	1997-11-30	1997-08-31	1997-05-31	1997-02-28	1996-11-30	1996-08-31	1996-05-31	1996-02-29	1995-11-30	1995-08-31	1995-05-31	1995-02-28	1994-11-30	1994-08-31	1994-05-31	1994-02-28	1993-11-30	1993-08-31	1993-05-31	1993-02-28	1992-11-30	1992-08-31	1992-05-31	1992-02-29	1991-11-30	1991-08-31	1991-05-31	1991-02-28	1990-11-30	1990-08-31	1990-05-31	1990-02-28	1989-11-30	1989-08-31	1989-05-31	1989-02-28	1988-11-30	1988-08-31	1988-05-31	1988-02-29	1987-11-30	1987-08-31	1987-05-31	1987-02-28	1986-11-30	1986-08-31	1986-05-31	1986-02-28	1985-11-30	1985-08-31
Cost Of Revenue	1,004,700	1,051,500	1,061,900	1,043,700	1,002,600	1,071,300	1,028,900	1,013,800	962,000	1,027,400	949,800	942,100	904,000	897,200	840,000	821,600	742,100	854,800	789,300	793,400	764,600	862,900	750,400	752,100	717,100	822,700	700,800	669,700	630,700	687,000	637,100	630,500	625,200	680,200	638,000	620,100	620,700	667,500	622,700	620,900	601,900	667,800	608,800	608,200	572,700	663,400	586,000	595,600	551,400	631,600	555,900	533,000	454,600	533,400	459,800	471,600	454,300	502,900	472,700	455,100	434,300	510,800	473,200	466,200	438,200	488,800	431,898	415,414	388,287	448,025	393,818	389,342	370,616	413,325	379,394	387,225	375,455	429,002	374,385	364,238	350,676	396,413	345,131	382,750	355,307	414,696	355,124	359,925	333,655	388,599	341,765	345,627	325,009	363,329	308,635	301,329	284,107	355,100	299,000	295,500	282,600	342,300	285,000	281,100	269,000	326,100	271,500	267,500	257,900	307,300	254,000	284,900	272,700	327,900	274,400	278,100	267,500	294,900	247,200	240,200	221,900	254,900	226,900	216,400	204,700	249,200	208,400	198,000	188,600	236,200	205,100	205,700	199,000	225,600	196,700	190,800	188,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation And Amortization	45,800	48,900	53,800	74,400	86,700	74,400	81,200	72,100	75,400	47,200	47,200	43,800	48,100	41,100	42,400	39,600	41,900	40,800	39,000	38,700	40,300	39,100	37,500	37,500	36,600	35,600	31,500	29,800	28,300	26,400	29,300	26,600	26,400	27,200	26,200	27,600	24,900	24,600	24,600	26,700	26,800	29,100	25,200	25,500	26,200	26,000	26,200	24,800	25,800	25,100	24,700	24,800	23,700	25,000	24,200	22,800	23,100	24,700	22,500	27,100	20,000	21,000	20,500	21,651	22,449	21,211	21,472	20,035	19,882	25,518	21,824	21,373	18,085	20,380	18,727	17,852	17,641	18,573	18,725	18,464	16,238	18,347	9,538	19,280	18,135	19,081	15,440	17,373	14,906	18,143	18,251	19,321	17,285	18,547	14,376	13,913	14,464	15,400	13,500	14,900	13,600	15,200	13,500	13,100	13,000	11,900	12,800	11,800	12,800	15,700	15,100	16,900	16,100	18,000	14,000	15,600	16,100	18,000	16,900	14,500	13,100	13,200	12,300	13,000	12,000	12,200	10,700	10,800	10,100	11,000	10,500	9,700	9,300	9,700	8,900	9,300	8,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebit	236,400	325,700	258,200	221,800	199,000	264,300	235,200	157,200	206,900	309,300	275,800	261,900	259,700	251,300	277,000	263,400	200,700	306,600	260,400	175,700	205,100	264,100	202,800	209,400	193,900	248,600	183,700	104,000	134,300	221,300	168,000	125,700	130,200	212,700	112,700	104,400	93,500	175,100	157,600	122,000	124,800	174,600	148,700	91,300	112,600	200,900	144,200	121,300	112,500	192,000	128,400	109,300	110,600	185,400	126,000	97,500	100,800	183,400	95,000	89,300	90,300	173,900	88,100	68,300	81,361	157,829	92,133	78,116	79,526	150,688	96,905	30,149	49,030	139,333	73,842	66,777	53,748	124,102	70,442	60,913	58,044	112,485	58,974	52,772	55,472	108,081	55,362	53,417	45,740	93,421	50,430	46,462	37,887	70,325	53,832	41,202	33,776	75,600	41,400	47,100	29,800	82,800	36,000	28,700	27,300	72,200	25,300	25,600	25,800	69,200	89,700	28,000	23,600	70,900	43,400	40,500	42,900	150,400	49,700	36,400	35,200	64,300	47,800	33,200	30,600	63,000	42,400	29,200	30,500	56,500	35,200	23,100	25,200	47,500	35,200	12,500	21,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebitda	282,200	374,600	312,000	296,200	285,700	338,700	316,400	229,300	282,300	356,500	323,000	305,700	307,800	292,400	319,400	303,000	242,600	347,400	299,400	214,400	245,400	303,200	240,300	246,900	230,500	284,200	215,200	133,800	162,600	247,700	197,300	152,300	156,600	239,900	138,900	132,000	118,400	199,700	182,200	148,700	151,600	203,700	173,900	116,800	138,800	226,900	170,400	146,100	138,300	217,100	153,100	134,100	134,300	210,400	150,200	120,300	123,900	208,100	117,500	116,400	110,300	194,900	108,600	89,951	103,810	179,040	113,605	98,151	99,408	176,206	118,729	51,522	67,115	159,713	92,569	84,629	71,389	142,675	89,167	79,377	74,282	130,832	68,512	72,052	73,607	127,162	70,802	70,790	60,646	111,564	68,681	65,783	55,172	88,872	68,208	55,115	48,240	91,000	54,900	62,000	43,400	98,000	49,500	41,800	40,300	84,100	38,100	37,400	38,600	84,900	104,800	44,900	39,700	88,900	57,400	56,100	59,000	168,400	66,600	50,900	48,300	77,500	60,100	46,200	42,600	75,200	53,100	40,000	40,600	67,500	45,700	32,800	34,500	57,200	44,100	21,800	30,300	-782,500	314,900	291,700	277,900	-756,300	285,300	277,200	272,100	-690,900	261,200	260,800	232,000	-615,000	235,200	223,500	223,200	-545,200	205,700
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	598,000	701,300	622,800	615,500	562,900	624,400	566,700	523,000	560,400	702,900	599,600	614,600	577,500	660,700	590,300	579,500	469,900	630,000	539,900	508,500	466,900	605,000	594,900	575,200	520,000	668,200	484,400	444,600	413,000	540,000	453,900	432,800	405,000	521,700	421,900	404,000	389,700	506,100	420,100	412,500	391,500	502,200	407,600	394,400	361,700	482,400	391,700	388,400	355,300	479,100	364,500	350,700	328,200	446,000	334,800	326,700	310,200	421,700	319,000	302,200	284,200	396,100	308,400	297,900	285,750	371,319	284,329	271,800	264,352	355,673	269,277	250,564	239,085	323,749	243,337	241,346	228,168	315,129	239,159	231,926	221,686	302,214	212,481	213,375	199,840	288,767	189,887	192,695	185,251	313,347	228,945	221,513	208,495	316,178	187,231	184,395	178,296	265,300	177,800	172,700	158,900	243,400	159,800	154,400	146,200	230,900	151,400	146,200	149,500	230,100	151,500	150,800	159,100	228,400	157,600	166,900	157,900	213,700	175,000	156,100	145,800	205,900	168,000	144,900	134,900	203,000	151,900	138,600	133,700	193,700	136,700	126,900	124,600	173,600	124,800	110,900	112,000	361,600	314,900	291,700	277,900	349,300	285,300	277,200	272,100	324,500	261,200	260,800	232,000	293,800	235,200	223,500	223,200	267,200	205,700
Income Before Tax	194,300	257,700	199,400	182,100	159,500	228,300	274,700	129,800	180,000	248,200	234,800	205,700	207,100	247,600	243,400	226,100	164,400	268,100	219,100	172,000	160,000	258,900	190,000	149,000	143,400	223,100	133,000	118,900	119,800	207,000	153,900	112,000	116,300	198,900	125,300	91,400	80,600	187,300	145,200	109,500	112,400	162,700	134,700	103,300	98,700	187,000	131,900	107,300	99,900	178,300	116,400	97,900	98,900	174,300	114,100	85,200	89,100	165,900	104,100	70,700	75,900	110,900	90,100	70,800	65,932	118,662	75,494	53,903	54,341	114,077	52,196	44,149	12,577	122,808	66,851	59,113	46,928	117,303	63,975	60,563	51,960	117,781	53,405	55,276	49,007	101,756	46,975	43,987	42,082	77,952	45,110	35,713	31,625	100,925	41,983	35,851	34,606	81,700	38,300	16,100	27,400	77,600	32,400	24,100	24,500	74,200	30,100	22,700	23,100	69,600	-31,500	16,500	14,400	63,000	30,000	24,800	31,300	-13,400	41,400	29,800	29,100	63,000	42,300	24,900	24,400	52,600	35,100	26,800	23,800	46,300	32,000	22,200	23,300	40,600	28,400	22,900	16,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense	49,600	57,100	42,700	40,300	34,400	53,200	59,300	21,700	34,400	57,200	31,500	45,400	58,600	57,500	46,900	40,400	30,100	66,400	36,800	32,100	22,100	55,800	24,900	33,100	-271,100	57,700	33,000	27,300	33,300	61,500	34,300	25,900	31,300	59,400	37,400	14,500	20,000	48,600	31,100	31,200	35,000	39,600	35,300	30,600	28,100	46,100	33,000	30,800	30,000	51,100	31,200	30,400	30,000	46,600	18,300	25,700	27,500	55,800	32,100	23,800	21,400	32,100	26,800	21,800	19,873	36,256	23,200	16,755	15,989	33,961	13,647	13,068	4,025	40,164	22,603	18,916	15,017	34,462	19,769	18,713	16,056	36,412	17,098	16,845	15,340	31,873	15,387	13,794	13,246	25,680	14,931	11,821	10,468	29,812	14,950	11,649	10,189	27,700	12,900	10,300	9,200	27,600	10,900	8,000	8,300	26,000	10,900	7,900	7,900	23,700	-9,900	5,500	5,000	22,800	10,100	8,800	12,000	-2,700	15,000	10,700	10,800	24,100	17,400	9,600	9,400	20,100	13,500	10,300	9,100	16,300	11,200	7,300	8,100	15,100	10,500	6,800	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	50,300	52,700	52,700	52,200	50,600	44,400	37,900	33,700	33,100	33,300	33,900	35,600	33,800	32,400	33,500	34,400	35,300	38,500	41,300	42,400	43,000	43,900	44,700	44,200	41,800	44,800	21,500	14,900	14,500	14,300	14,100	13,700	13,900	13,800	13,600	13,000	12,900	12,400	12,400	12,500	12,400	11,900	14,000	13,500	13,900	13,900	13,200	13,900	13,500	13,600	13,100	12,300	12,200	12,300	12,400	12,300	12,300	12,600	12,800	13,000	14,400	40,257	12,800	12,700	14,757	44,890	15,805	15,232	13,853	14,466	14,048	12,324	12,863	12,638	12,536	11,942	11,084	11,174	10,558	9,695	9,572	9,384	10,027	10,677	10,516	9,634	10,613	8,896	11,063	11,979	12,541	13,458	14,287	14,928	9,089	8,313	7,406	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Income	0	10,200	43,300	52,200	50,600	44,400	4,800	33,700	33,100	33,300	33,900	35,600	33,800	32,400	33,500	34,900	33,300	38,600	41,400	42,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	16,600	15,500	15,200	13,900	13,300	12,400	12,700	12,500	11,900	11,700	11,700	11,300	10,300	11,800	12,200	-29,900	79,200	-50,700	12,400	62,300	-67,800	17,000	0	16,700	0	0	0	17,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27	75	191	407	493	133	730	1,444	1,314	849	1,205	1,332	1,787	1,232	822	1,059	846	628	951	1,375	630	876	761	818	771	506	437	650	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	166,000	219,300	170,100	152,100	139,100	185,700	222,900	118,500	154,900	197,400	212,400	183,700	161,800	200,700	206,100	195,900	144,700	213,400	191,900	149,400	148,000	214,000	173,500	123,300	422,600	175,700	108,200	100,000	93,500	157,400	127,700	93,800	93,400	149,200	97,600	84,300	70,500	148,000	122,900	84,500	82,500	130,000	104,400	78,600	76,000	148,500	104,400	80,400	74,500	131,700	92,000	73,600	76,800	133,700	102,400	66,200	67,900	116,300	75,100	50,700	57,700	82,400	68,600	53,300	51,423	87,598	56,848	41,425	44,228	83,100	43,068	61,644	14,388	88,101	47,970	42,794	36,035	87,345	46,196	42,853	38,106	84,396	51,306	39,959	35,139	77,169	35,177	33,613	33,841	59,066	34,312	26,636	26,586	57,616	31,265	24,202	24,417	54,000	25,400	5,800	18,200	50,000	21,500	16,100	16,200	48,200	20,200	14,800	15,200	45,900	-24,300	11,000	9,400	42,300	19,900	16,000	19,300	-2,800	26,400	19,100	18,300	12,300	24,900	18,100	17,800	35,000	24,000	18,900	17,400	30,000	20,800	14,900	15,200	25,500	17,900	16,100	9,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Applicable To Common Shares	0	0	170,100	152,100	139,100	185,700	222,900	118,500	154,900	197,400	212,400	183,700	161,800	200,700	206,100	195,900	144,700	213,400	191,900	149,400	148,000	214,000	173,500	123,300	422,600	175,700	108,200	100,000	93,500	157,400	127,700	93,800	93,400	149,200	97,600	84,300	70,500	148,000	122,900	84,500	82,500	130,000	104,400	78,600	76,000	148,500	104,400	80,400	74,500	131,800	92,000	73,600	76,800	133,700	102,300	66,300	67,900	116,300	75,100	50,700	57,700	82,400	68,600	53,377	51,423	87,598	56,849	41,425	44,228	83,100	43,067	61,645	14,388	88,101	47,970	42,794	36,035	87,345	46,196	42,853	38,106	87,195	40,080	38,498	33,427	74,469	33,951	31,597	33,841	59,100	34,312	26,636	26,586	57,647	31,265	24,202	24,417	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	166,000	219,300	170,100	152,100	125,100	175,100	215,400	108,100	145,600	197,400	212,400	160,300	161,800	190,100	206,100	185,700	134,300	201,700	182,300	139,900	137,900	203,100	165,100	115,900	414,500	165,400	100,000	91,600	86,500	719,800	119,600	86,100	0	401,600	0	76,900	60,600	437,900	114,100	0	0	123,100	99,400	72,700	70,600	0	0	0	0	0	85,200	67,500	68,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-50,300	-42,500	-43,300	-52,200	-50,600	-38,300	-33,100	-33,700	-33,100	-24,000	-33,900	-35,600	-33,800	-24,600	-33,500	-34,400	-35,300	-38,500	-41,300	-42,400	-43,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Operating Income Net Other	0	0	0	0	25,100	19,000	84,900	16,700	15,500	0	0	27,300	17,900	15,700	13,500	13,300	15,900	19,100	16,500	15,800	16,200	18,800	10,100	8,900	9,600	11,300	9,400	9,600	7,100	0	8,300	8,400	8,400	0	0	8,000	9,900	0	9,100	0	0	7,400	5,300	6,700	6,000	0	0	0	0	0	7,900	7,000	8,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Recurring	0	0	0	0	27,800	13,600	3,400	16,600	20,200	0	0	20,600	1,100	15,300	100	2,900	1,000	3,900	7,700	7,100	2,100	2,800	8,900	16,200	10,900	25,500	29,200	4,700	3,600	27,000	4,300	3,900	0	61,500	0	19,000	28,400	5,200	2,300	0	0	25,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	236,400	297,200	245,000	221,800	199,000	264,300	235,200	157,200	206,900	276,200	265,200	237,400	236,300	274,900	273,000	257,400	194,200	299,200	253,500	208,100	196,900	291,500	233,000	191,700	183,700	266,900	168,700	132,600	134,200	219,100	167,800	125,000	129,100	212,200	138,700	103,800	93,700	199,400	157,300	121,700	124,600	174,100	148,400	116,000	112,000	200,200	144,200	121,300	112,500	192,000	128,400	109,300	110,600	185,400	126,000	97,500	100,800	177,900	116,600	82,500	89,800	125,700	92,900	80,500	77,389	132,054	88,888	66,908	66,351	126,443	64,166	54,698	24,293	135,490	78,900	71,152	57,958	127,593	74,001	69,722	61,384	121,382	62,729	59,981	58,882	112,896	57,204	55,502	52,098	89,652	56,439	49,570	44,939	93,071	52,452	42,683	37,894	82,600	44,000	35,700	32,600	85,000	39,000	31,100	30,100	77,900	32,400	28,700	28,700	73,900	33,200	28,300	25,100	73,700	43,700	39,700	43,900	74,400	50,500	37,600	36,200	67,700	48,700	33,000	31,100	61,400	42,700	32,300	30,700	55,000	36,700	26,200	27,700	48,400	35,300	21,100	22,200	-782,500	314,900	291,700	277,900	-756,300	285,300	277,200	272,100	-690,900	261,200	260,800	232,000	-615,000	235,200	223,500	223,200	-545,200	205,700
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1,366,300	1,449,500	1,430,900	1,424,200	1,338,700	1,417,800	1,357,000	1,363,000	1,295,300	1,426,300	1,277,100	1,298,700	1,225,300	1,267,700	1,157,200	1,140,800	1,016,800	1,181,700	1,068,000	1,086,700	1,032,500	1,173,600	1,103,400	1,119,400	1,042,500	1,198,500	987,300	977,000	905,900	1,002,000	918,900	934,400	899,500	987,300	909,500	901,300	888,300	971,300	883,200	911,700	868,800	970,900	868,000	886,600	822,400	945,600	833,500	862,700	794,200	918,700	792,000	774,400	672,200	794,000	668,600	700,800	663,700	741,200	674,200	668,000	628,200	770,800	686,100	688,200	642,925	714,013	624,494	613,866	578,924	664,073	581,394	585,208	585,408	601,584	543,831	557,419	545,665	616,538	539,543	526,442	510,978	577,245	494,883	536,144	496,265	590,567	487,807	497,118	466,808	611,294	514,271	517,570	488,565	586,436	443,414	443,041	424,509	537,800	432,800	432,500	408,900	500,700	405,800	404,400	385,100	479,100	390,500	385,000	378,700	463,500	372,300	407,400	406,700	482,600	388,300	405,300	381,500	434,200	371,700	358,700	331,500	393,100	346,200	328,300	308,500	390,800	317,600	304,300	291,600	374,900	305,100	306,400	295,900	350,800	286,200	280,600	278,300	1,144,100	-	-	-	1,105,600	-	-	-	1,015,400	-	-	-	908,800	-	-	-	812,400	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	45,800	48,900	53,800	48,800	47,800	52,400	50,000	49,200	49,000	47,200	47,200	43,800	48,100	41,100	42,400	39,600	41,900	40,800	39,000	38,700	40,300	39,100	37,500	37,500	36,600	35,600	31,500	29,800	28,300	26,400	29,300	26,600	26,400	27,200	26,200	27,600	24,900	24,600	24,600	26,700	26,800	29,100	25,200	25,500	26,200	26,000	26,200	24,800	25,800	25,100	24,700	24,800	23,700	25,000	24,200	22,800	23,100	24,700	22,500	27,100	20,000	21,000	20,500	21,651	22,449	21,211	21,472	20,035	19,882	25,518	21,824	21,373	18,085	20,380	18,727	17,852	17,641	18,573	18,725	18,464	16,238	18,347	9,538	19,280	18,135	19,081	15,440	17,373	14,906	18,143	18,251	19,321	17,285	18,547	14,376	13,913	14,464	15,400	13,500	14,900	13,600	15,200	13,500	13,100	13,000	11,900	12,800	11,800	12,800	15,700	15,100	16,900	16,100	18,000	14,000	15,600	16,100	18,000	16,900	14,500	13,100	13,200	12,300	13,000	12,000	12,200	10,700	10,800	10,100	11,000	10,500	9,700	9,300	9,700	8,900	9,300	8,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research Development	0	94,900	0	0	0	87,500	0	0	0	87,300	0	0	0	68,600	0	0	0	67,300	67,300	67,300	67,300	69,400	69,400	69,400	69,400	66,100	0	0	0	61,000	0	0	0	60,800	0	0	0	62,000	0	0	0	61,300	0	0	0	57,800	0	0	0	58,100	0	0	0	52,700	0	0	0	48,900	0	0	0	51,000	0	0	0	49,300	0	0	0	43,600	0	0	0	42,100	0	0	0	39,300	0	0	0	33,200	0	0	0	31,400	0	0	0	27,100	0	0	0	24,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	0	247,100	0	0	0	240,400	0	0	0	237,800	0	0	0	230,300	0	0	0	214,600	0	0	0	73,100	0	0	0	387,300	0	0	0	349,400	0	0	0	336,400	0	0	0	326,900	0	0	0	304,700	0	0	0	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	361,600	150,900	369,000	380,500	336,100	106,100	328,100	349,200	333,300	161,100	327,300	356,600	321,300	370,500	317,200	319,200	274,700	326,900	278,700	293,300	267,900	383,800	353,000	367,300	325,400	375,800	286,500	307,300	275,200	315,000	281,800	303,900	274,300	307,100	271,500	281,200	267,600	303,800	260,500	290,800	266,900	303,100	259,200	278,400	249,700	282,100	247,500	267,100	242,800	287,100	236,100	241,400	217,600	260,600	208,800	229,200	209,400	238,300	201,500	212,900	193,900	231,000	212,900	222,000	204,725	225,213	192,596	198,452	190,637	216,048	187,576	187,347	181,628	177,689	164,437	170,864	168,910	183,852	164,963	168,652	160,233	177,274	148,403	152,152	140,880	172,815	129,765	135,534	132,786	211,895	172,506	171,943	163,556	204,560	120,403	127,799	125,938	167,300	120,300	122,100	112,700	143,200	107,300	110,200	103,100	141,100	106,200	105,700	108,000	140,500	103,200	105,600	117,900	136,700	99,900	111,600	97,900	121,300	107,600	104,000	96,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Provision	49,600	57,100	42,700	40,300	34,400	53,200	59,300	21,700	34,400	57,200	31,500	45,400	58,600	57,500	46,900	40,400	30,100	66,400	36,800	32,100	22,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	361,600	398,000	369,000	380,500	336,100	346,500	328,100	349,200	333,300	398,900	327,300	356,600	321,300	370,500	317,200	319,200	274,700	326,900	278,700	293,300	267,900	310,700	353,000	367,300	325,400	375,800	286,500	307,300	275,200	315,000	281,800	303,900	274,300	307,100	271,500	281,200	267,600	303,800	260,500	290,800	266,900	303,100	259,200	278,400	249,700	282,200	247,500	267,100	242,800	287,100	236,100	241,400	217,600	260,600	208,800	229,200	209,400	238,300	201,500	212,900	193,900	260,000	212,900	222,000	204,725	225,213	192,596	198,452	190,637	216,048	187,576	195,866	214,792	188,259	164,437	170,194	170,210	187,536	165,158	162,204	160,302	180,832	149,752	153,394	140,958	175,871	132,683	137,193	133,153	222,695	172,506	171,943	163,556	223,107	134,779	141,712	140,402	182,700	133,800	137,000	126,300	158,400	120,800	123,300	116,100	153,000	119,000	117,500	120,800	156,200	118,300	122,500	134,000	154,700	113,900	127,200	114,000	139,300	124,500	118,500	109,600	138,200	119,300	111,900	103,800	141,600	109,200	106,300	103,000	138,700	100,000	100,700	96,900	125,200	89,500	89,800	89,800	-1,144,100	-	-	-	-1,105,600	-	-	-	-1,015,400	-	-	-	-908,800	-	-	-	-812,400	-
Total Other Income Expense Net	-42,100	-3,100	-11,100	-39,700	-39,500	-36,000	39,500	-27,400	-26,900	-31,800	-3,600	-16,700	-15,300	-10,200	3,800	200	4,500	3,500	-800	-800	4,000	8,500	-7,200	-14,700	-9,400	-24,500	-28,000	-3,500	-3,500	-3,700	-4,100	-3,200	-500	-1,900	-11,500	-18,400	-28,200	-2,600	-2,000	300	200	-24,500	300	800	600	700	900	-100	900	-100	1,100	900	500	1,200	500	-12,300	600	-4,900	-600	-5,600	3,200	-52,800	12,700	12,100	5,093	-6,515	4,196	255	762	-7,605	-10,806	24,549	-24,737	-3,843	5,058	4,375	4,210	3,491	3,559	8,809	3,340	8,897	3,755	7,209	3,410	4,815	1,842	2,085	6,358	-2,769	6,009	3,108	7,052	22,746	-1,380	1,481	4,118	7,000	2,600	-11,400	2,800	2,200	3,000	2,400	2,800	5,700	7,100	3,100	2,900	4,700	-56,500	300	1,500	2,800	300	-800	1,000	-76,000	800	1,200	1,000	3,400	1,400	-200	500	-1,600	300	3,100	200	-1,500	1,500	3,100	2,500	900	100	8,600	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue	1,602,700	1,752,800	1,684,700	1,659,200	1,565,500	1,695,700	1,595,600	1,536,800	1,522,400	1,730,300	1,549,400	1,556,700	1,481,500	1,557,900	1,430,300	1,401,100	1,212,000	1,484,800	1,329,200	1,301,900	1,231,500	1,467,900	1,345,300	1,327,300	1,237,100	1,490,900	1,185,200	1,114,300	1,043,700	1,227,000	1,091,000	1,063,300	1,030,200	1,201,900	1,059,900	1,024,100	1,010,400	1,173,600	1,042,800	1,033,400	993,400	1,170,000	1,016,400	1,002,600	934,400	1,145,800	977,700	984,000	906,700	1,110,700	920,400	883,700	782,800	979,400	794,600	798,300	764,500	924,600	791,700	757,300	718,500	906,900	781,600	764,100	723,950	860,119	716,227	687,214	652,639	803,698	663,095	639,906	609,701	737,074	622,731	628,571	603,623	744,131	613,544	596,164	572,362	698,627	557,612	596,125	555,147	703,463	545,011	552,620	518,906	701,946	570,710	567,140	533,504	679,507	495,866	485,724	462,403	620,400	476,800	468,200	441,500	585,700	444,800	435,500	415,200	557,000	422,900	413,700	407,400	537,400	405,500	435,700	431,800	556,300	432,000	445,000	425,400	508,600	422,200	396,300	367,700	460,800	394,900	361,300	339,600	452,200	360,300	336,600	322,300	429,900	341,800	332,600	323,600	399,200	321,500	301,700	300,500	361,600	314,900	291,700	277,900	349,300	285,300	277,200	272,100	324,500	261,200	260,800	232,000	293,800	235,200	223,500	223,200	267,200	205,700

Latest Income Statement (annual, 2023-11-30)

Gross Profit (+$)
totalRevenue	6,662,200
Cost of Revenue	-4,159,700
Gross Profit	2,502,500	2,502,500

Operating Income (+$)
Gross Profit	2,502,500
Operating Expense	-1,478,300
Operating Income	963,000	1,024,200

Operating Expense (+$)
Research Development	94,900
Selling General Administrative	1,478,300
Selling And Marketing Expenses	247,100
Operating Expense	1,478,300	1,820,300

Net Interest Income (+$)
Interest Income	36,600
Interest Expense	-208,200
Other Finance Cost	-0
Net Interest Income	-171,600

Pretax Income (+$)
Operating Income	963,000
Net Interest Income	-171,600
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	798,700	1,127,300 EBIT - interestExpense = 754,800 798,700 832,400
Interest Expense	208,200
Earnings Before Interest and Taxes (EBIT)	963,000	1,006,900
Earnings Before Interest and Taxes (EBITDA)	963,000

After tax Income (+$)
Income Before Tax	798,700
Tax Provision	-174,500
Net Income From Continuing Ops	680,600	624,200
Net Income	624,200
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	5,638,000
Total Other Income/Expenses Net	-164,300	171,600

Technical Analysis of McCormick & Company Incorporated
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of McCormick & Company Incorporated. The general trend of McCormick & Company Incorporated is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine McCormick & Company Incorporated's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (57.1%)		Bearish trend (-57.1%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of McCormick & Company Incorporated.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 77.84 < 78.34 < 81.49.

The bearish price targets are: 71.36 > 68.58 > 68.58.

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McCormick & Company Incorporated Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of McCormick & Company Incorporated. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

MA 20 trending down: The MA 20 is trending down. -1
Close > MA 20: The price is above the MA 20. +1
MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending up: The MA 50 is trending up. +1
Close > MA 50: The price is above the MA 50. +1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close > MA 100: The price is above the MA 100. +1
MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
MA 200 trending down: The MA 200 is trending down. -1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

McCormick & Company Incorporated Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of McCormick & Company Incorporated. The current macd is 1.01386234.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the McCormick & Company Incorporated price going up in the near term. +2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for McCormick & Company Incorporated. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the McCormick & Company Incorporated price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

McCormick & Company Incorporated Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of McCormick & Company Incorporated. The current adx is 24.02.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy McCormick & Company Incorporated shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1

McCormick & Company Incorporated Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of McCormick & Company Incorporated. The current sar is 71.58.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

McCormick & Company Incorporated Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of McCormick & Company Incorporated. The current rsi is 63.87. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

McCormick & Company Incorporated Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of McCormick & Company Incorporated. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH > 80: The STOCH %K is above 80 and overbought. +2
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the McCormick & Company Incorporated price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

McCormick & Company Incorporated Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of McCormick & Company Incorporated. The current cci is 68.16.

McCormick & Company Incorporated Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of McCormick & Company Incorporated. The current cmo is 35.90.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

McCormick & Company Incorporated Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of McCormick & Company Incorporated. The current willr is -11.01083032.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1

McCormick & Company Incorporated Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of McCormick & Company Incorporated.

McCormick & Company Incorporated Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of McCormick & Company Incorporated. The current atr is 1.42317858.

McCormick & Company Incorporated Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of McCormick & Company Incorporated. The current obv is 22,652,255.

McCormick & Company Incorporated Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of McCormick & Company Incorporated. The current mfi is 64.11.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

McCormick & Company Incorporated Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for McCormick & Company Incorporated.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-12-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-13	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-15	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-21	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-28	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-02	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-04	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-01-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-10	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-23	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-24	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-25	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-01	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-05	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-06	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-08	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-09	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-15	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-20	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-23	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-05	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-11	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-14	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-15	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-19	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-20	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-21	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-22	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-25	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-02	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-04-03	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-11	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-12	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-04-15	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-19	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-24	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-25	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-26	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-04-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside

6.3. Candlestick Patterns

McCormick & Company Incorporated Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of McCormick & Company Incorporated based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	63.871
Ma 20	Greater than	Ma 50	74.668
Ma 50	Greater than	Ma 100	71.598
Ma 100	Greater than	Ma 200	69.239
Open	Greater than	Close	75.880
Total			3/5 (60.0%)

Create your own Symbol Scanner

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Quick analysis of McCormick & Company Incorporated (30 sec.)

What can you expect buying and holding a share of McCormick & Company Incorporated? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of McCormick & Company Incorporated (5 min.)

$76.29

$18.84

$24.08 - $32.60

$42.92 - $51.44

2. Growth of McCormick & Company Incorporated (5 min.)

Is McCormick & Company Incorporated growing?

How much money is McCormick & Company Incorporated making?

How much money comes from the company's main activities?

3. Financial Health of McCormick & Company Incorporated (5 min.)

4. Comparing to competitors in the Packaged Foods industry (5 min.)

Industry Rankings (Packaged Foods)

What can you expect buying and holding a share of McCormick & Company Incorporated? (5 min.)

What can you expect buying and holding a share of McCormick & Company Incorporated?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of McCormick & Company Incorporated

About McCormick & Company Incorporated

Financial Health

Valuation

1.1. Profitability of McCormick & Company Incorporated.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Packaged Foods)

1.1.2. Return on Assets

Trends

Compared to industry (Packaged Foods)

1.1.3. Return on Equity

Trends

Compared to industry (Packaged Foods)

1.2. Operating Efficiency of McCormick & Company Incorporated.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Packaged Foods)

1.2.2. Operating Ratio

Trends

Compared to industry (Packaged Foods)

1.3. Liquidity of McCormick & Company Incorporated.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Packaged Foods)

1.3.2. Quick Ratio

Trends

Compared to industry (Packaged Foods)

1.4. Solvency of McCormick & Company Incorporated.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Packaged Foods)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Packaged Foods)

2. Market Valuation of McCormick & Company Incorporated

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Packaged Foods)

McCormick & Company Incorporated
Buy, Hold or Sell?