Consolidated EBITDA and Consolidated Adjusted EBITDA | ||||||||||||||
| (dollars in millions) | ||||||||||||||
| Unaudited | 3 Mos. Ended 9/30/24 | 3 Mos. Ended 9/30/23 | ||||||||||||
| Consolidated Net Income | $ | 3,411 | $ | 4,884 | ||||||||||
| Add: | ||||||||||||||
| Provision for income taxes | 891 | 1,308 | ||||||||||||
| Interest expense | 1,672 | 1,433 | ||||||||||||
Depreciation and amortization expense(1) | 4,458 | 4,431 | ||||||||||||
| Consolidated EBITDA | $ | 10,432 | $ | 12,056 | ||||||||||
| Add/(subtract): | ||||||||||||||
| Other (income) expense, net | $ | (72) | $ | (170) | ||||||||||
| Equity in (earnings) losses of unconsolidated businesses | 24 | 18 | ||||||||||||
| Severance charges | 1,733 | — | ||||||||||||
| Asset and business rationalization | 374 | — | ||||||||||||
| Business transformation costs | — | 176 | ||||||||||||
| Non-strategic business shutdown | — | 158 | ||||||||||||
| 2,059 | 182 | |||||||||||||
| Consolidated Adjusted EBITDA | $ | 12,491 | $ | 12,238 | ||||||||||
| Consolidated Adjusted EBITDA - Year over year change % | 2.1 | % | ||||||||||||
| Footnotes: | ||||||||||||||
(1) Includes Amortization of acquisition-related intangible assets and a portion of the Non-strategic business shutdown, where applicable. | ||||||||||||||
| Free Cash Flow | ||||||||||||||||||||||||||
| (dollars in millions) | ||||||||||||||||||||||||||
| Unaudited | 3 Mos. Ended 9/30/24 | 3 Mos. Ended 9/30/23 | 9 Mos. Ended 9/30/24 | 9 Mos. Ended 9/30/23 | ||||||||||||||||||||||
| Net Cash Provided by Operating Activities | $ | 9,911 | $ | 10,778 | $ | 26,480 | $ | 28,798 | ||||||||||||||||||
| Capital expenditures (including capitalized software) | (3,948) | (4,094) | (12,019) | (14,164) | ||||||||||||||||||||||
| Free Cash Flow | $ | 5,963 | $ | 6,684 | $ | 14,461 | $ | 14,634 | ||||||||||||||||||