SIMON PROPERTY GROUP, INC. SPG Income Statement

Simon property group, inc. (SPG)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
REVENUE:
Lease income
5,225	5,243	5,234	5,210	5,170	5,158	6,360	5,937	5,530	5,109	3,434	3,416	3,386	3,358	3,315	3,261	3,207	3,142	3,081	3,033	2,993	2,962	2,823	2,774	2,720	2,775	2,530	2,598	2,669	2,593	2,913	2,819	2,722	2,664	2,631	2,571	2,502	2,429	2,364	2,329	2,317	2,316	2,277	2,273	0	0	0
Overage rent
-	-	-	-	-	-	-	-	-	-	155	159	160	161	170	178	184	194	207	212	214	207	206	208	208	214	209	205	197	187	175	160	151	140	132	122	114	110	93	86	85	84	72	70	0	0	0
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	1,524	1,515	1,502	1,494	1,484	1,479	1,477	1,445	1,421	1,399	1,377	1,362	1,309	1,279	1,244	1,258	1,144	1,166	1,189	1,157	1,295	1,247	1,202	1,177	1,159	1,139	1,109	1,083	1,062	1,057	1,059	1,062	1,051	1,042	0	0	0
Management fees and other revenues
114	112	114	115	115	116	115	116	118	121	125	137	141	143	154	151	156	158	150	148	142	138	132	130	127	126	130	129	125	128	127	126	129	128	127	126	123	121	120	120	121	124	124	128	0	0	0
Other income
315	398	379	390	417	370	363	363	333	296	297	261	253	276	263	282	361	325	321	304	202	200	198	190	184	168	153	149	169	188	195	198	199	195	204	200	203	212	225	217	197	187	157	165	0	0	0
Total revenue
5,655	5,755	5,728	5,716	5,703	5,645	5,599	5,599	5,575	5,527	5,536	5,490	5,444	5,435	5,389	5,352	5,386	5,266	5,182	5,097	4,930	4,870	4,670	4,582	4,485	4,543	4,167	4,249	4,352	4,256	4,706	4,552	4,405	4,306	4,254	4,159	4,052	3,957	3,866	3,811	3,781	3,775	3,682	3,680	0	0	0
EXPENSES:
Property operating
447	453	454	451	448	450	448	448	452	443	434	435	433	432	438	434	429	425	419	410	403	398	364	356	356	371	311	344	368	363	458	448	441	436	429	422	415	414	414	412	418	425	454	452	0	0	0
Depreciation and amortization
1,340	1,340	1,345	1,326	1,294	1,282	1,278	1,279	1,281	1,275	1,286	1,281	1,262	1,252	1,220	1,197	1,190	1,177	1,167	1,160	1,151	1,143	1,087	1,085	1,071	1,107	1,030	1,061	1,099	1,068	1,184	1,135	1,084	1,065	1,064	1,047	1,020	982	945	952	970	997	994	980	0	0	0
Real estate taxes
470	468	462	463	459	457	452	445	447	440	442	442	436	439	433	436	435	432	420	403	396	384	366	361	353	368	325	338	353	342	406	388	375	369	364	364	349	345	337	331	335	333	335	340	0	0	0
Repairs and maintenance
97	100	99	99	99	99	97	99	98	96	100	98	99	99	99	97	97	101	100	101	99	100	96	98	98	98	89	92	98	93	112	110	108	113	117	113	109	102	94	93	92	91	82	89	0	0	0
Advertising and promotion
146	150	152	152	153	151	150	149	149	150	147	147	143	142	140	143	151	134	136	135	132	136	139	129	119	117	109	108	109	109	112	109	106	107	107	102	100	97	94	96	93	93	84	83	0	0	0
Provision for credit losses
-	-	-	-	-	-	-	-	-	-	10	6	8	7	8	8	6	6	9	11	11	12	11	11	8	7	10	6	10	10	8	11	8	6	8	3	7	3	1	3	6	22	23	30	0	0	0
Home and regional office costs
191	190	175	162	148	136	130	129	133	135	148	158	162	158	162	158	157	154	150	153	159	158	155	149	141	140	134	127	125	123	132	136	132	128	127	125	121	109	103	101	101	110	114	121	0	0	0
General and administrative
32	34	38	42	43	46	47	48	50	51	60	62	64	65	60	59	60	60	60	59	60	59	60	60	60	59	58	58	57	57	57	58	52	46	36	27	23	21	20	19	19	18	18	19	0	0	0
Impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Transaction expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68	0	0	0	-	-	-	-	-	-
Other
112	109	95	95	88	94	102	137	139	131	152	118	120	116	95	104	104	102	103	96	91	91	85	86	85	83	87	83	87	85	86	88	86	89	82	75	68	65	63	63	68	72	70	70	0	0	0
Total operating expenses
2,838	2,847	2,824	2,794	2,734	2,718	2,697	2,729	2,748	2,724	2,783	2,750	2,731	2,714	2,659	2,641	2,631	2,597	2,568	2,532	2,506	2,485	2,368	2,339	2,293	2,355	2,151	2,216	2,305	2,249	2,559	2,486	2,396	2,363	2,346	2,336	2,281	2,210	2,200	2,151	2,312	2,368	2,318	2,329	0	0	0
OPERATING INCOME BEFORE OTHER ITEMS
2,817	2,907	2,904	2,922	2,969	2,926	2,902	2,869	2,827	2,802	2,753	2,739	2,712	2,720	2,730	2,711	2,754	2,668	2,614	2,564	2,423	2,385	2,302	2,243	2,191	2,188	2,016	2,032	2,047	2,006	2,147	2,065	2,008	1,943	1,908	1,822	1,770	1,746	1,665	1,660	1,469	1,406	1,364	1,351	0	0	0
Interest expense
778	789	803	800	809	815	816	816	816	809	813	829	836	857	878	893	910	923	926	946	970	992	1,019	1,039	1,051	1,082	1,054	1,072	1,095	1,068	1,082	1,037	993	983	989	994	1,011	1,027	1,038	1,047	1,029	992	968	942	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-350	0	0	0	-	-	-	-	-	0
Income and other tax benefit (expense)
14	30	33	37	40	36	32	37	33	23	18	9	10	29	35	32	28	20	21	24	27	28	29	30	33	39	35	31	26	15	18	15	12	11	7	6	5	4	-2	-2	-2	-5	-1	-1	0	0	0
Income from unconsolidated entities
404	444	466	481	475	475	448	430	421	400	371	338	331	353	340	325	310	284	261	249	234	226	216	208	209	206	192	181	154	130	128	108	92	81	74	80	76	75	0	0	0	-	33	16	0	0	0
Unrealized (losses) gains in fair value of equity instruments
-32	-8	-10	-2	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale or disposal of assets and interests in unconsolidated entities, net
0	-	0	0	-	288	149	0	0	-	-	0	-	84	103	54	66	250	227	245	362	158	147	141	75	93	118	104	35	510	616	697	712	216	84	300	306	312	0	0	0	-	-	-	-	-	-
Consolidated income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,622	1,474	1,537	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations and gain on disposal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67	106	147	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations transaction expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CONSOLIDATED NET INCOME
2,296	2,423	2,665	2,679	2,738	2,822	2,648	2,599	2,409	2,244	2,040	2,035	2,121	2,134	2,139	2,043	2,070	2,139	2,155	1,959	1,882	1,651	1,624	1,695	1,618	1,551	1,472	1,411	1,272	1,719	1,791	1,818	1,808	1,245	1,071	1,017	952	753	602	461	261	387	431	406	0	0	0
Net income attributable to noncontrolling interests
305	321	361	363	370	382	350	343	318	296	269	273	286	295	302	291	301	311	314	287	276	242	239	250	240	231	219	215	200	285	309	317	317	221	191	181	170	136	105	83	50	77	95	95	0	0	0
Preferred dividends
3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	1	6	12	18	25	26	30	35	0	0	0
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
1,987	2,098	2,300	2,312	2,364	2,436	2,295	2,252	2,087	1,944	1,767	1,758	1,832	1,835	1,833	1,748	1,766	1,824	1,837	1,669	1,602	1,405	1,381	1,441	1,374	1,316	1,250	1,193	1,068	1,431	1,478	1,497	1,487	1,021	876	833	780	610	484	358	185	283	304	275	0	0	0
BASIC AND DILUTED EARNINGS PER COMMON SHARE OR UNIT:
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.81	1.34	0.99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.03	0.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders or unitholders (in dollars per share or unit)
1.43	1.66	1.77	1.60	1.78	2.30	1.80	1.77	2.00	1.83	1.65	1.23	1.53	1.26	1.61	1.45	1.55	0.00	1.36	1.52	1.73	0.00	0.81	1.31	1.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BASIC EARNINGS PER COMMON SHARE:
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.89	0.99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.11	0.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00	1.10	0.91	-	0.84	0.71	2.18	1.24	0.93	0.70	0.61	0.76	0.79	0.52	0.03	0.31	0.38	-0.08	0.45	0.50	0.34
DILUTED EARNINGS PER COMMON SHARE:
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.89	0.99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.11	0.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00	1.10	0.91	-	0.84	0.71	2.18	1.24	0.93	0.70	0.61	0.76	0.79	0.52	0.03	0.30	0.38	-0.08	0.45	0.50	0.34
COMPREHENSIVE INCOME
Consolidated Net Income
2,296	2,423	2,665	2,679	2,738	2,822	2,648	2,599	2,409	2,244	2,040	2,035	2,121	2,134	2,139	2,043	2,070	2,139	2,155	1,959	1,882	1,651	1,624	1,695	1,618	1,551	1,472	1,411	1,272	1,719	1,791	1,818	1,808	1,245	1,071	1,017	952	753	602	461	261	387	431	406	0	0	0
Unrealized gain on derivative hedge agreements
9	-4	16	8	37	21	16	2	-40	-35	24	31	52	39	-11	-17	-7	17	19	32	22	5	4	-5	-7	7	22	18	12	16	14	-69	-68	-91	-99	-26	-11	-3	-37	-12	-6	-27	-3	8	0	0	0
Net (gain) loss reclassified from accumulated other comprehensive loss into earnings
-12	-13	-4	-4	-5	-7	-8	12	12	12	10	-12	-12	-149	-148	-148	-67	69	69	69	-10	-10	-10	-10	-10	-9	-32	-35	-27	-21	-15	-5	-7	-16	31	23	15	15	-37	-29	-22	-14	17	13	0	0	0
Currency translation adjustments
-20	-1	-25	-30	-64	-47	-32	-9	45	45	-4	-16	-36	-28	3	-4	-14	-160	-190	-258	-240	-101	-63	42	15	2	32	8	-33	9	-26	-60	13	-8	-2	33	10	-20	-21	-26	-4	-8	-2	5	0	0	0
Changes in available-for-sale securities and other
1	0	1	1	0	0	-0	6	4	5	-3	-9	-8	3	16	22	-4	-11	96	80	107	102	-7	0	-0	-1	-81	-63	-63	-39	38	-41	-15	-37	-5	115	43	19	8	-9	226	224	218	175	0	0	0
Comprehensive income
2,298	2,431	2,662	2,663	2,717	2,804	2,640	2,586	2,407	2,249	2,046	2,054	2,143	2,298	2,295	2,193	2,110	1,915	2,012	1,744	1,784	1,668	1,567	1,742	1,635	1,569	1,458	1,390	1,204	1,727	1,838	1,665	1,754	1,124	979	1,156	1,010	765	589	441	499	590	625	583	0	0	0
Comprehensive income attributable to noncontrolling interests
306	322	361	361	368	379	349	341	318	297	270	276	290	320	326	314	307	279	294	256	262	245	231	257	242	234	217	214	190	289	319	291	308	200	175	204	179	138	103	81	97	119	136	133	0	0	0
Comprehensive income attributable to common stockholders or unitholders
1,992	2,108	2,301	2,302	2,349	2,424	2,290	2,244	2,088	1,951	1,776	1,778	1,852	1,977	1,969	1,878	1,803	1,636	1,717	1,487	1,521	1,423	1,336	1,485	1,393	1,334	1,241	1,176	1,013	1,437	1,519	1,373	1,446	924	803	951	830	626	485	360	402	471	488	450	0	0	0
Simon Property Group, L.P.
Lease income
5,225	5,243	5,234	5,210	5,170	5,158	6,360	5,937	5,530	5,109	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Overage rent
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management fees and other revenues
114	112	114	115	115	116	115	116	118	121	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
315	398	379	390	417	370	363	363	333	296	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
5,655	5,755	5,728	5,716	5,703	5,645	5,599	5,599	5,575	5,527	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property operating
447	453	454	451	448	450	448	448	452	443	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
1,340	1,340	1,345	1,326	1,294	1,282	1,278	1,279	1,281	1,275	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes
470	468	462	463	459	457	452	445	447	440	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repairs and maintenance
97	100	99	99	99	99	97	99	98	96	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising and promotion
146	150	152	152	153	151	150	149	149	150	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Home and regional office costs
191	190	175	162	148	136	130	129	133	135	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
32	34	38	42	43	46	47	48	50	51	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
112	109	95	95	88	94	102	137	139	131	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
2,838	2,847	2,824	2,794	2,734	2,718	2,697	2,729	2,748	2,724	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OPERATING INCOME BEFORE OTHER ITEMS
2,817	2,907	2,904	2,922	2,969	2,926	2,902	2,869	2,827	2,802	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
778	789	803	800	809	815	816	816	816	809	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income and other tax benefit (expense)
14	30	33	37	40	36	32	37	33	23	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from unconsolidated entities
404	444	466	481	475	475	448	430	421	400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (losses) gains in fair value of equity instruments
-32	-8	-10	-2	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale or disposal of assets and interests in unconsolidated entities, net
0	-	0	0	-	288	149	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CONSOLIDATED NET INCOME
2,296	2,423	2,665	2,679	2,738	2,822	2,648	2,599	2,409	2,244	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
1	0	10	10	10	11	1	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred dividends
5	5	5	5	5	5	5	5	5	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
2,289	2,416	2,650	2,663	2,723	2,805	2,642	2,593	2,403	2,239	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General Partner
1,987	2,098	2,300	2,312	2,364	2,436	2,295	2,252	2,087	1,944	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited Partners
302	318	349	350	358	369	347	341	316	295	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders or unitholders (in dollars per share or unit)
1.43	1.66	1.77	1.60	1.78	2.30	1.80	1.77	2.00	1.83	1.65	1.23	1.53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidated Net Income
2,296	2,423	2,665	2,679	2,738	2,822	2,648	2,599	2,409	2,244	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on derivative hedge agreements
9	-4	16	8	37	21	16	2	-40	-35	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss reclassified from accumulated other comprehensive loss into earnings
-12	-13	-4	-4	-5	-7	-8	12	12	12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Currency translation adjustments
-20	-1	-25	-30	-64	-47	-32	-9	45	45	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in available-for-sale securities and other
1	0	1	1	0	0	-0	6	4	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
2,298	2,431	2,662	2,663	2,717	2,804	2,640	2,586	2,407	2,249	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to noncontrolling interests
1	1	7	7	7	7	1	1	1	2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to common stockholders or unitholders
2,296	2,430	2,654	2,656	2,710	2,796	2,638	2,584	2,405	2,247	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-