The following tables summarize the fiscal year 2025 guidance framework and does not include any impact from the proposed portfolio transactions announced today. The 2025 outlook assumes approximately $1.2 billion of dividend payments. Guidance figures are approximate.
| 2025 Q1 | 2025 | |
| Net Sales Growth | 2.5% - 3.5% | 3.5% - 5.5% |
| Underlying Sales Growth | 2% - 3% | 3% - 5% |
| Earnings Per Share | $0.89 - $0.94 | $4.42 - $4.62 |
| Amortization of Intangibles | ~$0.31 | ~$1.23 |
| Restructuring / Related Costs | ~$0.04 | ~$0.16 |
| Acquisition / Divestiture Fees and Related Costs | ~$0.01 | ~$0.04 |
| Adjusted Earnings Per Share | $1.25 - $1.30 | $5.85 - $6.05 |
| Operating Cash Flow | $3.6B - $3.7B | |
| Free Cash Flow | $3.2B - $3.3B | |
| Share Repurchase | ~$1.0B | ~$2.0B |
