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Using the charts below What is company's free cash flow if it was all-equity financed (Figures in $ millions) Net sales 27,572 Costs 17,574 Depreciation

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Using the charts below What is company's free cash flow if it was all-equity financed (Figures in $ millions) Net sales 27,572 Costs 17,574 Depreciation 1,407 Earnings before interest and 8,591 taxes (EBIT) Interest expense 522 Pretax income 8,069 Taxes 2,824 Net income 5,245 Figures in 5 millions Assets 2016 2015 2016 2015 Liabilities and Shareholders' Equity Current liabilities Debt due for repayment 2,341 2.341 382 Accounts payable Total current liabilities 3,408 3,408 3,148 3,530 Current assets Cosh and marketable Securities Receivables Inventories Other current assets Total current assets Fixed assets Property, plant, and equipment Intangible assets goodwill) Other long-term assets 1380 127 1,094 4,942 1,340 122 621 4,424 13,638 Long-term debt Other long-term liabilities 12.139 2.962 24682 22,840 3,062 2.809 2,658 Total liabilities 20,108 18,631 2,988 3,104 Total shareholders' equity 15,313 14,395 Using the charts below What is company's free cash flow if it was all-equity financed (Figures in $ millions) Net sales 27,572 Costs 17,574 Depreciation 1,407 Earnings before interest and 8,591 taxes (EBIT) Interest expense 522 Pretax income 8,069 Taxes 2,824 Net income 5,245 Figures in 5 millions Assets 2016 2015 2016 2015 Liabilities and Shareholders' Equity Current liabilities Debt due for repayment 2,341 2.341 382 Accounts payable Total current liabilities 3,408 3,408 3,148 3,530 Current assets Cosh and marketable Securities Receivables Inventories Other current assets Total current assets Fixed assets Property, plant, and equipment Intangible assets goodwill) Other long-term assets 1380 127 1,094 4,942 1,340 122 621 4,424 13,638 Long-term debt Other long-term liabilities 12.139 2.962 24682 22,840 3,062 2.809 2,658 Total liabilities 20,108 18,631 2,988 3,104 Total shareholders' equity 15,313 14,395

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