Analysis of Reportable Segments
McDonald’s Corp. operates in 3 segments: U.S.; International Operated Markets; and International Developmental Licensed Markets & Corporate.
Segment Profit Margin
McDonald’s Corp., profit margin by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 53.93% | 53.88% | 53.57% | 53.63% | 48.40% |
| International Operated Markets | 47.09% | 47.10% | 34.75% | 41.99% | 34.64% |
| International Developmental Licensed Markets & Corporate | 1.24% | 4.75% | 13.43% | 22.01% | 12.15% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | U.S. | U.S. segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
| International Operated Markets | International Operated Markets segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. | |
| International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: U.S.
McDonald’s Corp.; U.S.; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 5,733) | 5,694) | 5,136) | 4,755) | 3,789) |
| Revenues | 10,631) | 10,568) | 9,588) | 8,865) | 7,829) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 53.93% | 53.88% | 53.57% | 53.63% | 48.40% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Operating income ÷ Revenues
= 100 × 5,733 ÷ 10,631 = 53.93%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | U.S. | U.S. segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: International Operated Markets
McDonald’s Corp.; International Operated Markets; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 5,946) | 5,832) | 3,926) | 5,131) | 3,315) |
| Revenues | 12,628) | 12,382) | 11,297) | 12,220) | 9,571) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 47.09% | 47.10% | 34.75% | 41.99% | 34.64% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Operating income ÷ Revenues
= 100 × 5,946 ÷ 12,628 = 47.09%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | International Operated Markets | International Operated Markets segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Segment Profit Margin: International Developmental Licensed Markets & Corporate
McDonald’s Corp.; International Developmental Licensed Markets & Corporate; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 33) | 121) | 309) | 471) | 220) |
| Revenues | 2,661) | 2,543) | 2,297) | 2,138) | 1,809) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 1.24% | 4.75% | 13.43% | 22.01% | 12.15% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Operating income ÷ Revenues
= 100 × 33 ÷ 2,661 = 1.24%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Return on Assets (Segment ROA)
McDonald’s Corp., ROA by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 25.43% | 25.33% | 23.57% | 22.34% | 18.03% |
| International Operated Markets | 25.31% | 24.35% | 17.86% | 21.21% | 13.40% |
| International Developmental Licensed Markets & Corporate | 0.36% | 1.24% | 4.63% | 5.61% | 3.20% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | U.S. | U.S. segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
| International Operated Markets | International Operated Markets segment ROA improved from 2022 to 2023 and from 2023 to 2024. | |
| International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: U.S.
McDonald’s Corp.; U.S.; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 5,733) | 5,694) | 5,136) | 4,755) | 3,789) |
| Assets | 22,547) | 22,477) | 21,793) | 21,280) | 21,010) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 25.43% | 25.33% | 23.57% | 22.34% | 18.03% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 5,733 ÷ 22,547 = 25.43%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | U.S. | U.S. segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: International Operated Markets
McDonald’s Corp.; International Operated Markets; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 5,946) | 5,832) | 3,926) | 5,131) | 3,315) |
| Assets | 23,491) | 23,947) | 21,979) | 24,186) | 24,744) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 25.31% | 24.35% | 17.86% | 21.21% | 13.40% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 5,946 ÷ 23,491 = 25.31%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | International Operated Markets | International Operated Markets segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: International Developmental Licensed Markets & Corporate
McDonald’s Corp.; International Developmental Licensed Markets & Corporate; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 33) | 121) | 309) | 471) | 220) |
| Assets | 9,143) | 9,723) | 6,663) | 8,388) | 6,873) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 0.36% | 1.24% | 4.63% | 5.61% | 3.20% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 33 ÷ 9,143 = 0.36%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover
McDonald’s Corp., asset turnover by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 0.47 | 0.47 | 0.44 | 0.42 | 0.37 |
| International Operated Markets | 0.54 | 0.52 | 0.51 | 0.51 | 0.39 |
| International Developmental Licensed Markets & Corporate | 0.29 | 0.26 | 0.34 | 0.25 | 0.26 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | U.S. | U.S. segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
| International Operated Markets | International Operated Markets segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Asset Turnover: U.S.
McDonald’s Corp.; U.S.; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 10,631) | 10,568) | 9,588) | 8,865) | 7,829) |
| Assets | 22,547) | 22,477) | 21,793) | 21,280) | 21,010) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.47 | 0.47 | 0.44 | 0.42 | 0.37 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Revenues ÷ Assets
= 10,631 ÷ 22,547 = 0.47
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | U.S. | U.S. segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: International Operated Markets
McDonald’s Corp.; International Operated Markets; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 12,628) | 12,382) | 11,297) | 12,220) | 9,571) |
| Assets | 23,491) | 23,947) | 21,979) | 24,186) | 24,744) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.54 | 0.52 | 0.51 | 0.51 | 0.39 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Revenues ÷ Assets
= 12,628 ÷ 23,491 = 0.54
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | International Operated Markets | International Operated Markets segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: International Developmental Licensed Markets & Corporate
McDonald’s Corp.; International Developmental Licensed Markets & Corporate; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 2,661) | 2,543) | 2,297) | 2,138) | 1,809) |
| Assets | 9,143) | 9,723) | 6,663) | 8,388) | 6,873) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.29 | 0.26 | 0.34 | 0.25 | 0.26 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Revenues ÷ Assets
= 2,661 ÷ 9,143 = 0.29
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Capital Expenditures to Depreciation
McDonald’s Corp., capital expenditures to depreciation by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 1.08 | 0.99 | 0.94 | 1.12 | 1.09 |
| International Operated Markets | 2.28 | 1.97 | 1.58 | 1.45 | 1.08 |
| International Developmental Licensed Markets & Corporate | 0.15 | 0.16 | 0.08 | 0.16 | 0.07 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | U.S. | U.S. segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
| International Operated Markets | International Operated Markets segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: U.S.
McDonald’s Corp.; U.S.; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 1,055) | 963) | 860) | 941) | 890) |
| Depreciation and amortization | 980) | 969) | 912) | 841) | 814) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.08 | 0.99 | 0.94 | 1.12 | 1.09 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 1,055 ÷ 980 = 1.08
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | U.S. | U.S. segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: International Operated Markets
McDonald’s Corp.; International Operated Markets; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 1,661) | 1,341) | 1,015) | 1,051) | 732) |
| Depreciation and amortization | 730) | 680) | 641) | 726) | 679) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 2.28 | 1.97 | 1.58 | 1.45 | 1.08 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 1,661 ÷ 730 = 2.28
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | International Operated Markets | International Operated Markets segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: International Developmental Licensed Markets & Corporate
McDonald’s Corp.; International Developmental Licensed Markets & Corporate; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 58) | 54) | 24) | 49) | 19) |
| Depreciation and amortization | 387) | 330) | 318) | 301) | 259) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.15 | 0.16 | 0.08 | 0.16 | 0.07 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 58 ÷ 387 = 0.15
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Revenues
McDonald’s Corp., revenues by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 10,631) | 10,568) | 9,588) | 8,865) | 7,829) |
| International Operated Markets | 12,628) | 12,382) | 11,297) | 12,220) | 9,571) |
| International Developmental Licensed Markets & Corporate | 2,661) | 2,543) | 2,297) | 2,138) | 1,809) |
| Total | 25,920) | 25,494) | 23,183) | 23,223) | 19,208) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Operating income
McDonald’s Corp., operating income by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 5,733) | 5,694) | 5,136) | 4,755) | 3,789) |
| International Operated Markets | 5,946) | 5,832) | 3,926) | 5,131) | 3,315) |
| International Developmental Licensed Markets & Corporate | 33) | 121) | 309) | 471) | 220) |
| Total | 11,712) | 11,647) | 9,371) | 10,356) | 7,324) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Assets
McDonald’s Corp., assets by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 22,547) | 22,477) | 21,793) | 21,280) | 21,010) |
| International Operated Markets | 23,491) | 23,947) | 21,979) | 24,186) | 24,744) |
| International Developmental Licensed Markets & Corporate | 9,143) | 9,723) | 6,663) | 8,388) | 6,873) |
| Total | 55,181) | 56,147) | 50,436) | 53,854) | 52,627) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Capital expenditures
McDonald’s Corp., capital expenditures by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 1,055) | 963) | 860) | 941) | 890) |
| International Operated Markets | 1,661) | 1,341) | 1,015) | 1,051) | 732) |
| International Developmental Licensed Markets & Corporate | 58) | 54) | 24) | 49) | 19) |
| Total | 2,774) | 2,357) | 1,899) | 2,040) | 1,641) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Depreciation and amortization
McDonald’s Corp., depreciation and amortization by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 980) | 969) | 912) | 841) | 814) |
| International Operated Markets | 730) | 680) | 641) | 726) | 679) |
| International Developmental Licensed Markets & Corporate | 387) | 330) | 318) | 301) | 259) |
| Total | 2,097) | 1,978) | 1,871) | 1,868) | 1,751) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).