“Our strong fourth quarter capped a year of disciplined financial execution guided by our EVA mindset. In 2025, we generated a record $956M of adjusted free cash flow, kept capital expenditures below our GAAP depreciation and amortization target, and returned $1.54B to shareholders through share repurchases and dividends. Looking ahead to 2026, we expect continued momentum with operating leverage, a healthy balance sheet, and the ability to deliver consistent EPS growth in line with our long-term algorithm, while continuing to return value to shareholders,” said Dan Rabbitt, senior vice president and chief financial officer.
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