Fourth-Quarter Highlights:
- Both GAAP and adjusted EPS of $2.38
- Operating cash flow of $2.5 billion; adjusted free cash flow of $2.1 billion, up 16 percent
Full-Year Highlights:
- GAAP EPS of $9.25; adjusted EPS of $8.74
- Operating cash flow of $8.1 billion; adjusted free cash flow of $6.7 billion, up 18 percent
- Reduced both total debt by $1.5 billion, or 7 percent, and net debt by $4.1 billion, or 23 percent
- Returned $3.8 billion to shareholders via dividends and gross share repurchases
2021 Guidance:
- Sales growth in the range of 5 to 8 percent, organic local-currency growth of 3 to 6 percent
- Earnings per share of $9.20 to $9.70
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