VAL Balance Sheet (2009-2025) | VAL

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Balance Sheet	Mar2009	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Assets
Current Assets
Cash & Equivalents (Quarter)	0.93B	0.88B	1.02B	1.14B	1.23B	1.24B	0.91B	1.05B	3.43B	0.55B	0.48B	0.43B	0.21B	0.23B	0.16B	0.49B	0.56B	0.49B	0.33B	0.17B	0.12B	0.14B	1.17B	0.66B	0.89B	0.65B	0.24B	0.12B	1.08B	0.79B	0.47B	1.16B	0.27B	0.17B	0.72B	0.45B	0.45B	0.49B	0.20B	0.28B	0.30B	0.96B	0.13B	0.10B	0.18B	0.20B	0.18B	0.33B	0.29B	0.61B	0.62B	0.61B	0.58B	0.55B	0.41B	0.72B	0.82B	0.79B	1.04B	0.62B	0.49B	0.40B	0.38B	0.37B	0.44B	0.50B	0.66B	0.60B
Short-term Investments (Quarter)								0.02B		0.01B	0.00B									0.05B				0.76B	0.75B	0.65B	0.85B	1.18B	0.29B	1.01B	1.30B	1.44B	1.81B	1.68B	1.07B	0.44B	0.40B	0.26B	0.43B	0.33B	0.24B	0.14B													0.22B
Cash & Current Investments (Quarter)	0.93B	0.88B	1.02B	1.14B	1.23B	1.24B	0.91B	1.07B	3.43B	0.57B	0.48B	0.43B	0.21B	0.23B	0.16B	0.49B	0.56B	0.49B	0.33B	0.22B	0.12B	0.14B	1.17B	1.42B	1.63B	1.30B	1.09B	1.30B	1.38B	1.80B	1.77B	2.60B	2.08B	1.85B	1.79B	0.89B	0.84B	0.74B	0.63B	0.60B	0.54B	1.09B	0.13B	0.10B	0.18B	0.20B	0.18B	0.33B	0.29B	0.61B	0.62B	0.61B	0.58B	0.55B	0.63B	0.72B	0.82B	0.79B	1.04B	0.62B	0.49B	0.40B	0.38B	0.37B	0.44B	0.50B	0.66B	0.60B
Receivables - Net (Quarter)		0.49B	0.34B	0.32B	0.31B	0.30B	0.41B	0.22B	0.27B	0.68B	0.65B	0.85B	0.78B	0.86B	0.87B	0.81B	0.83B	0.90B	0.78B	0.86B	0.78B	0.84B	0.88B	0.89B	0.80B	0.73B	0.74B	0.58B	0.57B	0.41B	0.35B	0.36B	0.35B	0.37B	0.37B	0.35B	0.30B	0.35B	0.35B	0.34B	0.32B	0.63B	0.57B	0.52B	0.49B	0.37B	0.43B	0.45B	0.45B	0.44B	0.46B	0.44B	0.44B	0.54B	0.54B	0.45B	0.39B	0.47B	0.49B	0.46B	0.51B	0.63B	0.56B	0.57B	0.56B	0.55B	0.51B	0.47B
Receivables - Other (Quarter)				0.02B		0.06B		0.14B		0.08B	3.02B		0.07B	1.28B	0.17B			1.32B	0.00B			1.04B	1.25B			0.02B	-0.34B			0.57B	0.71B					0.01B	0.01B			0.00B		0.01B	0.01B	0.00B	0.01B	0.01B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.02B
Receivables (Quarter)		0.49B	0.34B	0.34B	0.31B	0.36B	0.41B	0.36B	0.27B	0.76B	3.67B	0.85B	0.85B	2.14B	1.04B	0.81B	0.83B	2.23B	0.78B	0.86B	0.78B	1.89B	2.13B	0.89B	0.80B	0.75B	0.39B	0.58B	0.57B	0.97B	1.06B	0.36B	0.35B	0.37B	0.37B	0.35B	0.31B	0.35B	0.35B	0.35B	0.32B	0.64B	0.59B	0.52B	0.50B	0.38B	0.44B	0.45B	0.45B	0.44B	0.46B	0.44B	0.44B	0.55B	0.54B	0.45B	0.40B	0.48B	0.50B	0.47B	0.52B	0.64B	0.57B	0.58B	0.56B	0.56B	0.52B	0.49B
Inventory (Quarter)								0.06B		0.17B	0.18B	0.19B
Current Deferred Tax Assets (Quarter)								0.01B		0.01B	0.01B	0.00B
Prepaid Assets (Quarter)		0.17B	0.19B	0.19B	0.16B	0.15B	0.21B	0.05B	0.18B	0.02B	0.38B	0.40B	0.33B	0.38B	0.40B	0.43B	0.41B	0.39B	0.42B	0.46B	0.57B	0.79B	0.99B	0.59B	0.63B	0.63B	0.59B	0.40B	0.37B	0.35B	0.35B	0.32B	0.31B	0.32B	0.32B	0.38B	0.41B	0.39B	0.40B	0.36B	0.35B	0.50B	0.49B	0.45B	0.43B	0.50B	0.45B	0.39B	0.38B	0.12B	0.12B	0.12B	0.13B	0.16B	0.16B	0.15B	0.16B	0.17B	0.18B	0.18B	0.18B	0.18B	0.16B	0.14B	0.14B	0.16B	0.15B	0.14B
Current Assets (Quarter)		1.54B	1.55B	1.65B	1.70B	1.69B	1.53B	1.44B	3.89B	1.57B	1.51B	1.68B	1.30B	1.46B	1.41B	1.72B	1.78B	1.78B	1.52B	1.54B	1.47B	1.78B	3.03B	2.89B	3.05B	2.64B	2.41B	2.29B	2.32B	2.55B	2.47B	3.28B	2.71B	2.53B	2.46B	1.61B	1.58B	1.46B	1.38B	1.31B	1.21B	2.22B	1.18B	1.06B	1.11B	1.07B	1.06B	1.17B	1.12B	1.22B	1.23B	1.21B	1.17B	1.28B	1.34B	1.35B	1.40B	1.45B	1.73B	1.27B	1.20B	1.22B	1.11B	1.08B	1.16B	1.23B	1.34B	1.23B
Non-Current Assets
Construction in Progress (Quarter)				1.30B				1.52B
Property, Plant & Equipment (Net) (Quarter)		4.23B	4.33B	4.48B	4.48B	4.60B	4.99B	5.05B	5.26B	12.11B	12.31B	12.42B	12.89B	12.98B	13.12B	13.15B	13.16B	13.39B	14.00B	14.31B	14.42B	12.88B	13.13B	12.53B	12.73B	13.17B	13.53B	11.09B	11.10B	11.02B	10.96B	10.92B	11.12B	11.06B	11.10B	12.87B	12.83B	12.78B	12.73B	12.62B	12.51B	15.46B	15.25B	15.10B	12.16B	11.19B	11.08B	10.96B	10.08B	0.90B	0.89B	0.89B	0.93B	0.93B	0.95B	0.98B	1.02B	1.07B	1.16B	1.63B	1.73B	1.81B	1.84B	1.93B	1.98B	2.02B	2.03B	2.09B
Long-Term Investments (Quarter)								0.04B			0.02B	0.03B																														0.14B	0.14B	0.13B	0.12B	0.12B	0.12B	0.12B	0.12B	0.09B	0.09B	0.09B	0.09B	0.10B	0.10B	0.11B	0.11B	0.11B	0.12B	0.12B	0.13B	0.13B	0.10B	0.11B	0.12B	0.11B	0.12B	0.12B
Goodwill (Quarter)		0.34B	0.34B	0.34B	0.34B	0.34B	0.34B	0.34B	0.34B	3.29B	3.30B	3.27B	3.26B	3.27B	3.27B	3.08B	3.27B	3.27B	3.27B	3.08B	3.27B	3.27B	3.27B	0.28B	0.28B	0.28B	0.28B
Intangibles (Quarter)										0.20B	0.19B	0.20B
Goodwill & Intangibles (Quarter)		0.34B	0.34B	0.34B	0.34B	0.34B	0.34B	0.34B	0.34B	3.50B	3.48B	3.47B	3.26B	3.27B	3.27B	3.08B	3.27B	3.27B	3.27B	3.08B	3.27B	3.27B	3.27B	0.28B	0.28B	0.28B	0.28B
Long-Term Deferred Tax (Quarter)				0.03B				0.01B				0.02B																																	0.04B			0.07B								0.06B				0.86B	0.85B	0.84B	0.84B	0.85B	0.68B	0.68B	0.67B	1.36B
Other Non-Current Assets (Quarter)		0.18B	0.18B	0.22B	0.21B	0.25B	0.22B	0.23B	0.18B	0.54B	0.04B	0.52B	0.50B	0.02B	0.01B	0.42B	0.02B	0.36B	0.35B	0.35B	0.01B	0.05B	0.05B	0.34B	0.29B		0.22B	0.24B	0.19B	0.19B	0.18B	0.18B	0.14B	0.13B	0.12B	0.14B	0.12B	0.09B	0.10B	0.10B	0.14B	0.17B	0.20B	0.19B	0.19B	0.21B	0.20B	0.01B	0.17B	0.17B	0.03B	0.04B	0.19B	0.02B	0.02B	0.12B	0.02B	0.19B	0.02B	0.02B	0.15B	0.15B	0.17B		0.01B	0.16B	0.01B	0.01B
Non-Current Assets (Quarter)		-0.72B	0.67B	5.09B	5.08B	5.23B	5.58B	5.61B	5.78B	15.95B	16.14B	16.22B	16.65B	16.70B	16.82B	16.84B	16.81B	17.02B	17.63B	17.94B	18.05B	16.50B	16.74B	13.15B	13.29B	13.70B	14.03B	11.33B	11.29B	11.21B	11.14B	11.10B	11.26B	11.19B	11.22B	13.01B	12.96B	12.88B	12.84B	12.71B	12.65B	16.22B	16.05B	0.87B	12.92B	0.92B	0.90B	0.80B	0.79B	0.78B	0.78B	0.78B	0.78B	0.78B	0.80B	0.82B	0.83B	0.88B	0.92B	1.08B	1.09B	1.21B	1.22B	1.29B	3.23B	3.28B	3.29B	1.27B
Assets (Quarter)		0.81B	2.23B	6.75B	6.78B	6.92B	7.11B	7.05B	9.67B	17.51B	17.65B	17.90B	17.95B	18.16B	18.23B	18.57B	18.59B	18.81B	19.14B	19.47B	19.52B	18.27B	19.77B	16.04B	16.35B	16.34B	16.44B	13.61B	13.61B	13.77B	13.60B	14.37B	13.97B	13.72B	13.68B	14.63B	14.53B	14.34B	14.22B	14.02B	13.86B	18.44B	17.23B	16.93B	14.03B	13.04B	12.91B	12.87B	11.95B	2.60B	2.60B	2.60B	2.64B	2.76B	2.82B	2.86B	2.95B	3.09B	3.48B	4.32B	4.35B	4.42B	4.33B	4.42B	4.39B	4.50B	4.64B	5.30B
Liabilities
Current Liabilities
Accounts Payables (Quarter)		0.03B	0.03B	0.16B	0.10B	0.15B	0.18B	0.33B	0.30B	0.55B	1.03B	0.64B	0.55B	0.54B	0.35B	0.36B	0.31B	0.30B	0.37B	0.34B	0.41B	0.49B	0.42B	0.37B	0.30B	0.32B	0.27B	0.22B	0.21B	0.15B	0.16B	0.15B	0.17B	0.19B	0.19B	0.43B	0.25B	0.22B	0.23B	0.21B	0.21B	0.34B	0.33B	0.29B	0.26B	0.15B	0.18B	0.18B	0.18B	0.18B	0.20B	0.23B	0.31B	0.29B	0.26B	0.26B	0.32B	0.36B	0.38B	0.40B	0.39B	0.05B	0.30B	0.33B	0.33B	0.33B	0.33B	0.35B
Notes Payables (Quarter)									2.46B	0.09B	0.17B	0.12B	0.20B	0.02B
Payables (Quarter)		0.03B	0.03B	0.16B	0.10B	0.15B	0.18B	0.33B	2.76B	0.64B	1.21B	0.77B	0.75B	0.56B	0.35B	0.36B	0.31B	0.30B	0.37B	0.34B	0.41B	0.49B	0.42B	0.37B	0.30B	0.32B	0.27B	0.22B	0.21B	0.15B	0.16B	0.15B	0.17B	0.19B	0.19B	0.43B	0.25B	0.22B	0.23B	0.21B	0.21B	0.34B	0.33B	0.29B	0.26B	0.15B	0.18B	0.18B	0.18B	0.18B	0.20B	0.23B	0.31B	0.29B	0.26B	0.26B	0.32B	0.36B	0.38B	0.40B	0.39B	0.05B	0.30B	0.33B	0.33B	0.33B	0.33B	0.35B
Accumulated Expenses (Quarter)				0.05B		0.04B	0.05B	0.06B	0.04B	0.14B	0.14B	0.15B
Other Accumulated Expenses (Quarter)		0.41B	0.36B	0.31B	0.22B	0.25B	0.03B	0.17B	0.16B	0.50B	0.48B	0.52B	0.44B	0.54B	0.52B	0.58B	0.49B	0.51B	0.52B	0.66B	0.49B	0.55B	0.65B	0.69B	0.63B	0.59B	0.54B	0.55B	0.42B	0.46B	0.41B	0.38B	0.34B	0.32B	0.30B	0.33B	0.32B	0.33B	0.31B	0.32B	0.30B	0.44B	0.41B	0.42B	0.40B	0.40B	0.21B	0.25B	0.29B	0.21B	0.22B	0.20B	0.21B	0.26B	0.26B	0.25B	0.27B	0.29B	0.35B	0.34B	0.37B	0.36B	0.39B	0.35B	0.37B	0.35B	0.39B	0.34B
Short term Debt (Quarter)		0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.09B	0.05B	0.17B	0.05B	0.02B		0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.03B	0.21B	0.01B			0.87B		0.03B	0.33B	0.04B									1.13B	0.13B	0.12B	0.22B	2.52B
Current Taxes (Quarter)				0.10B			0.05B	0.02B	0.02B	0.06B	0.05B	0.07B
Current Deferred Revenue (Quarter)				0.09B			0.12B	0.05B	0.05B	0.07B	0.08B	0.11B																																				0.07B				0.06B				0.12B				0.15B
Total Current Liabilities (Quarter)		0.46B	0.40B	0.48B	0.34B	0.42B	0.48B	0.35B	2.93B	1.19B	1.26B	1.33B	1.24B	1.15B	0.91B	0.99B	0.85B	0.86B	0.94B	1.05B	0.95B	1.09B	1.13B	1.10B	1.13B	0.93B	0.80B	0.78B	1.51B	0.61B	0.59B	0.85B	0.55B	0.50B	0.49B	0.76B	0.57B	0.55B	0.54B	0.53B	0.52B	1.90B	0.86B	0.83B	0.89B	3.07B	0.39B	0.43B	0.47B	0.40B	0.43B	0.42B	0.52B	0.55B	0.52B	0.50B	0.59B	0.66B	0.72B	0.74B	0.76B	0.71B	0.69B	0.68B	0.69B	0.68B	0.72B	0.69B
Non-Current Liabilities
Non-Current Debt (Quarter)		0.27B	0.27B	0.26B	0.26B	0.25B	0.25B	0.24B	0.24B	4.92B	4.90B	4.88B	4.86B	4.84B	4.82B	4.80B	4.78B	4.76B	4.74B	4.72B	4.70B	4.68B	5.90B	5.89B	5.92B	5.91B	5.90B	5.87B	4.99B	4.91B	4.68B	4.94B	4.91B	4.74B	4.75B	4.75B	4.99B	4.99B	5.00B	5.01B	5.02B	6.02B	6.04B	5.92B	6.15B	4.09B				0.54B	0.55B	0.55B	0.55B	0.55B	0.54B	0.54B	0.54B	0.68B	1.08B	1.08B	1.08B	1.08B	1.08B	1.08B	1.08B	1.08B	1.09B	1.09B
Non-Current Deffered Revenue (Quarter)				0.05B				0.07B		0.06B	0.07B	0.12B
Pension (Quarter)				0.02B				0.03B																																				0.85B				0.90B				0.84B				0.62B				0.62B
Minority Interest (Quarter)		0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.00B	0.01B	0.01B	0.01B	0.00B	0.00B	0.01B	0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	0.00B	-0.00B	-0.00B	-0.00B	-0.01B	-0.01B	-0.00B	-0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.01B	0.01B	0.01B	0.02B	0.01B	0.01B	0.01B	0.01B	0.01B	0.00B	0.00B	0.00B	0.00B
Liabilities from Discontinued Operations (Quarter)				0.05B			0.03B
Non-Current Deferred Tax Liability (Quarter)		0.36B	0.37B	0.38B	0.38B	0.37B	0.38B	0.36B	0.35B	0.36B	0.35B	0.34B	0.34B	0.33B	0.33B	0.56B	0.35B	0.34B	0.34B	0.52B	0.36B	0.32B	0.26B	0.16B	0.18B	0.21B	0.21B	0.00B		0.01B																										0.02B				0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B
Other Non-Current Liabilities (Quarter)		0.14B	0.12B	0.12B	0.11B	0.12B	0.13B	0.14B	0.15B	0.46B	0.04B	0.10B	0.42B	0.42B	0.48B	0.57B	0.55B	0.53B	0.52B	0.55B	0.57B	0.59B	0.63B	0.67B	0.60B	0.53B	0.50B	0.45B	0.41B	0.36B	0.35B	0.32B	0.29B	0.29B	0.28B	0.39B	0.38B	0.36B	0.39B	0.40B	0.43B	0.80B		0.87B	7.31B	7.31B	0.70B	7.31B	7.31B	0.57B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.47B	0.02B	0.02B	0.40B	0.38B	0.37B	0.02B	0.02B	0.33B
Total Non-Current Liabilities (Quarter)		-4.45B	-3.19B	6.62B	0.98B	1.03B	1.10B	6.90B	3.53B	6.48B	6.90B	12.18B	6.45B	6.33B	6.06B	17.97B	5.98B	5.97B	6.03B	18.91B	6.03B	6.09B	7.31B	15.35B	7.24B	7.06B	6.93B	12.18B	6.50B	5.52B	5.28B	14.03B	5.46B	5.25B	5.24B	14.19B	6.95B	13.93B	13.90B	6.40B	13.39B	9.03B	8.60B	1.02B	9.05B	0.97B	0.94B	0.95B	0.95B	0.95B	0.95B	0.96B	0.96B	0.96B	0.88B	0.88B	0.89B	0.89B	0.89B	1.06B	1.06B	1.17B	1.18B	1.20B	1.81B	2.15B	2.17B	1.26B
Total Liabilities (Quarter)		-4.31B	-3.07B	6.74B	1.09B	1.15B	1.24B	7.04B	3.68B	6.93B	6.94B	12.29B	6.87B	6.75B	6.54B	18.54B	6.52B	6.50B	6.55B	19.45B	6.60B	6.68B	7.94B	16.02B	7.83B	7.59B	7.43B	12.63B	6.91B	5.89B	5.63B	14.36B	5.75B	5.53B	5.52B	14.58B	7.33B	14.29B	14.29B	6.80B	13.82B	9.83B	8.60B	1.20B	16.36B	1.18B	1.17B	1.02B	0.03B	1.03B	0.04B	1.04B	0.05B	1.02B	0.97B	1.56B	1.60B	1.82B	2.28B	2.33B	2.32B	2.23B	2.21B	2.18B	2.18B	2.17B	2.19B	2.13B
Shareholder's Equity
Total Debt (Quarter)		0.28B	0.28B	0.27B	0.27B	0.27B	0.27B	0.26B	0.26B	5.01B	4.95B	5.05B	4.91B	4.86B	4.82B	4.85B	4.83B	4.81B	4.79B	4.77B	4.75B	4.73B	5.96B	5.92B	6.13B	5.93B	5.90B	5.87B	5.86B	4.91B	4.70B	5.27B	4.94B	4.74B	4.75B	4.75B	4.99B	4.99B	5.00B	5.01B	5.02B	7.15B	6.17B	6.05B	6.37B	6.61B				0.54B	0.55B	0.55B	0.55B	0.55B	0.54B	0.54B	0.54B	0.68B	1.08B	1.08B	1.08B	1.08B	1.08B	1.08B	1.08B	1.08B	1.09B	1.09B
Common Equity (Quarter)		5.12B	5.29B	0.01B	5.69B	5.77B	5.87B	0.02B	5.99B	10.58B	10.71B	5.61B	11.08B	11.41B	11.69B	0.02B	12.07B	12.31B	12.59B	0.02B	12.92B	11.59B	11.84B	0.02B	8.52B	8.75B	9.01B	0.99B	6.70B	7.88B	7.97B	0.02B	8.22B	8.19B	8.17B	0.04B	7.20B	0.05B	-0.07B	7.22B	0.05B	8.61B	8.63B	0.08B	-2.33B	-0.01B	8.64B	-4.18B	-0.09B	-0.00B	0.00B	-0.01B	0.00B	1.09B	1.10B		0.02B	0.01B	0.02B	0.03B	1.05B	0.00B	0.01B	2.24B	1.12B	0.00B	2.45B	3.17B
Shareholder's Equity (Quarter)		5.12B	5.29B	0.02B	5.69B	5.77B	5.87B	0.02B	5.99B	10.57B	10.72B	-0.02B	11.09B	11.42B	11.69B	-0.03B	12.07B	12.32B	12.60B	5.47B	12.93B	11.59B	11.85B	0.01B	8.52B	8.76B	9.02B	0.00B	6.71B	7.89B	7.97B	6.40B	8.22B	8.18B	8.17B	-0.00B	1.39B	7.21B	-0.00B	0.05B	0.68B	1.08B	-2.33B	-0.00B	0.08B	-0.01B	-4.11B	8.64B	-0.00B	0.00B	0.02B	0.02B	1.09B	0.02B	0.02B		0.02B	0.01B	0.02B	0.00B	1.05B	0.02B	0.00B	2.24B	1.12B	-0.33B	2.45B	3.17B
Liabilities and Shareholders Equity (Quarter)		0.81B	2.23B	6.75B	6.78B	6.92B	7.11B	7.05B	9.67B	17.51B	17.65B	17.90B	17.95B	18.16B	18.23B	18.57B	18.59B	18.81B	19.14B	19.47B	19.52B	18.27B	19.77B	16.04B	16.35B	16.34B	16.44B	13.61B	13.61B	13.77B	13.60B	14.37B	13.97B	13.72B	13.68B	14.63B	14.53B	14.34B	14.22B	14.02B	13.86B	18.44B	17.23B	16.93B	14.03B	13.04B	12.91B	12.87B	11.95B	2.60B	2.60B	2.60B	2.64B	2.76B	2.82B	2.86B	2.95B	3.09B	3.48B	4.32B	4.35B	4.42B	4.33B	4.42B	4.39B	4.50B	4.64B	5.30B
Treasury Shares (Quarter)		0.04B	0.00B	0.00B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.00B	0.00B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.00B	0.01B	0.01B	0.01B	0.00B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.00B	0.01B	0.01B	0.01B	0.01B	0.01B	0.02B	0.02B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B			0.00B				0.86B		0.00B	0.00B	0.00B		0.00B	0.00B	0.01B			0.01B	0.00B
Retained Earnings (Quarter)		4.53B	4.67B	4.88B	5.07B	5.14B	5.22B	0.01B	5.32B	5.34B	5.46B	5.61B	5.79B	0.01B	0.02B	0.02B	0.01B	6.88B	0.02B	0.02B	0.02B	6.10B	0.02B	2.72B	0.00B	3.24B	3.49B	0.01B	1.16B	0.02B	1.83B	1.86B	0.02B	0.03B	1.74B	1.53B	0.03B	1.23B	1.08B	0.87B	0.02B	1.08B	0.89B	0.01B	-2.33B	-0.01B	-4.11B	-0.09B	-0.09B	-0.01B	-0.00B	-0.02B	-0.01B	0.04B	0.11B	0.16B	0.01B	0.18B	0.19B	0.03B	0.03B	1.20B	1.27B	0.03B	0.04B	1.48B	1.66B	2.38B

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VAL Balance Sheet (2009-2025) | VAL

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