Long-Term Track Record of Outperformance and Cash Generation:
- Revenue and adjusted operating profit* CAGR of ~8% and ~11% between 2015-2025**
- Strong cash conversion delivery
- $12B returned to shareholders over the past 10 years
*This is a non-GAAP measure. See the appendix of 2026 Update on Market Opportunities and Strategy presentation for more information and a reconciliation of the non-GAAP measure to the most comparable U.S. GAAP measure.
Adjusted operating margin is calculated as adjusted operating profit divided by net sales.**Compound annual growth rate calculated over period from fiscal year ended July 31, 2014 through calendar year ended December 31, 2025 using 10.42 years of growth.