Doyoumoney

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15	Dec-14	Dec-13	Dec-12	Dec-11	Dec-10	Dec-09	Dec-08	Dec-07	Dec-06
Total cash and short-term investments +	45.37	44.32	97.60	93.22	173.42	139.66	93.79	28.88	27.26	31.01	29.01	23.23	24.12	28.80	26.54	25.54	35.77	35.61	25.07	23.33
Cash and cash equivalents	36.38	39.77	30.23	21.42	20.30	18.87	19.07	3.84	2.71	3.94	3.56	2.17	2.02	3.67	4.23	2.37	2.52	2.77	2.65	2.61
Short-term investments	8.99	4.56	67.37	71.80	153.12	120.79	74.73	25.04	24.55	27.07	25.45	21.06	22.10	25.14	22.31	23.17	33.25	32.84	22.42	20.72
Accounts receivable, net	325.45	13.28	10.98	11.77	10.34	9.45	15.79	6.43	1.90	1.67	0.88	0.84	0.17	0.48	1.10	1.92	3.06	0.75	1.19	1.72
Inventories			-7.89	-11.77	-39.87	-34.25	-31.82	-0.01	0.06	0.08	0.14						0.38
Other current assets		1.06	1.08	1.16	1.15	1.25	1.25	0.60	131.47	131.30	125.14	112.55	107.83	105.37	101.06	96.64	82.24	74.46	75.26	68.46
Total current assets	370.82	58.66	109.66	106.16	184.91	150.36	110.83	35.91	29.16	32.68	29.01	23.23	24.12	134.65	27.64	27.46	38.84	36.37	26.25	25.05
Total non-current assets +	176.72	472.52	425.69	449.10	356.33	358.87	362.25	189.79	192.48	186.74	181.09	163.76	158.89	49.22	146.94	129.62	126.93	115.65	106.37	96.30
Property, plant and equipment, net	3.17	4.24	4.44	3.61	3.70	3.87	3.71	2.12	2.06	2.11	2.01	1.83	1.87	1.89
Goodwill	17.13	17.13	17.16	27.01	26.10	24.45	24.15	9.82	9.62	9.64	8.55	6.87	6.81	6.80	6.08	6.01	6.05	5.48	5.19	4.83
Intangible assets	1.26	5.26	5.29	7.43	6.04	5.01	5.77	1.88	1.77	1.91	1.57	1.35	1.62	1.30	1.01	1.34	1.47	0.91	0.96	0.94
Long-term investments	115.85	121.53	124.59	134.42	159.04	299.96	298.29	169.00	166.34	160.23	154.06	140.07	133.89	130.44
Other non-current assets
Total assets	547.54	531.18	535.35	555.26	541.24	509.23	473.08	225.70	221.64	219.28	209.95	186.83	183.01	183.87	174.58	157.08	165.76	152.02	132.62	121.35

Total current liabilities +	428.24	417.83	419.07	435.37	421.46	386.78	352.26	171.81	168.30	168.79	162.43	140.86	138.71	7.60	138.23	123.31	132.64	117.90	101.29	93.70
Accounts payable				413.50	416.49	381.08	334.73	5.43	5.99	5.75	6.12	6.39	7.10	7.60	6.79	5.97	5.08	8.50	3.89	4.64
Short-term debt	27.84	27.31	23.20	21.87	4.97	5.71	17.54	5.18	4.94	2.81	7.19	5.44	4.14	2.86	6.50	10.13	12.59	10.79	10.63	8.09
Current portion of long-term debt	22.34	17.63	20.78	23.42	5.29	6.09	15.99	5.18	4.94	1.41
Deferred revenue
Other current liabilities	400.40	390.52	395.87	413.50	416.49	381.08	334.73	161.20	157.37	160.23	149.12	129.04	127.48	-7.60	124.94	107.21	114.97	96.54	84.20	78.50
Total non-current liabilities +	54.11	49.66	57.03	59.35	50.51	51.53	54.26	23.71	23.65	20.56	20.18	21.59	21.49	18.52	18.87	17.27	16.89	18.03	18.69	15.90
Long-term debt	41.96	34.96	38.92	43.20	35.91	39.60	41.34	23.71	23.65	21.97	23.77	23.31	21.49	19.11
Capital lease obligations
Other non-current liabilities					14.28	11.55	12.24	5.43	5.99	5.75	6.12	6.32	7.10	7.60
Total liabilities	482.35	467.50	476.10	494.72	471.97	438.32	406.52	195.52	191.95	189.35	182.61	162.46	160.20	162.65	157.10	140.58	149.52	135.93	119.99	109.61

Total stockholders' equity +	65.19	63.68	59.10	60.51	69.27	70.81	66.38	30.12	29.65	29.88	27.31	24.29	22.76	21.22	17.42	16.44	16.19	16.04	12.63	11.75
Common stock and paid-in capital	39.12	39.90	37.01	34.25	46.27	51.35	46.58	12.00	13.39	15.07	13.84	11.97	11.72	11.09	8.65	8.50	8.65	8.66	5.71	5.15
Retained earnings	26.07	23.78	22.09	26.26	23.00	19.46	19.81	18.12	16.26	14.81	13.46	12.32	11.04	10.13	8.77	7.94	7.54	7.38	6.92	6.60
Common shares outstanding	1,285	1,331	1,332	1,338	1,349	1,358	815	783	811	815	758	728	714	710	705	701	636	552	552	544

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17	Sep-17	Jun-17	Mar-17	Dec-16	Sep-16	Jun-16	Mar-16	Dec-15	Sep-15	Jun-15	Mar-15	Dec-14	Sep-14	Jun-14	Mar-14	Dec-13	Sep-13	Jun-13	Mar-13	Dec-12	Sep-12	Jun-12	Mar-12	Dec-11	Sep-11	Jun-11	Mar-11	Dec-10	Sep-10	Jun-10	Mar-10	Dec-09	Sep-09	Jun-09	Mar-09	Dec-08	Sep-08	Jun-08	Mar-08	Dec-07	Sep-07	Jun-07	Mar-07	Dec-06	Sep-06	Jun-06	Mar-06
Total cash and short-term investments +	9.04	45.37	41.35	45.86	46.47	44.32	43.74	44.28	37.45	97.60	33.76	32.82	40.13	93.22	23.30	24.24	113.88	173.42	170.87	166.44	155.94	139.66	123.24	119.00	114.75	93.79	39.00	28.49	29.19	28.88	27.29	26.84	27.93	27.26	25.88	29.91	30.70	31.01	32.42	30.86	29.91	29.01	27.03	23.80	23.45	23.23	23.19	23.38	22.57	24.12	25.17	27.25	27.08	28.80	3.91	4.19	4.39	26.54	4.65	3.10	2.63	25.54	26.67	2.79	2.49	35.77	2.56	2.51	2.18	35.61	2.64	2.98	3.17	25.07	3.80	3.58	3.14	23.33	3.41	3.64	3.05
Cash and cash equivalents	4.29	36.38	36.85	41.45	42.17	39.77	39.64	40.88	34.55	30.23	29.83	30.01	37.60	21.42	22.23	23.11	29.12	20.30	19.83	26.56	32.13	18.87	37.11	41.20	36.35	19.07	3.01	2.69	2.88	3.84	3.01	2.92	2.91	2.71	2.62	2.87	3.80	3.94	2.78	2.47	2.61	3.56	2.65	2.43	1.78	2.17	1.88	2.31	2.08	2.02	2.31	2.77	2.91	3.67	3.34	3.66	3.80	4.23	4.22	2.54	1.90	2.37	2.17	2.20	1.84	2.52	1.87	1.99	1.70	2.77	2.10	2.47	2.56	2.65	2.22	2.51	2.24	2.61	2.52	2.72	2.31
Short-term investments	4.75	8.99	4.50	4.40	4.30	4.56	4.10	3.40	2.90	67.37	3.93	2.81	2.54	71.80	1.08	1.13	84.75	153.12	151.04	139.88	123.81	120.79	86.13	77.81	78.40	74.73	36.00	25.80	26.32	25.04	24.29	23.92	25.02	24.55	23.26	27.04	26.91	27.07	29.64	28.39	27.30	25.45	24.38	21.37	21.67	21.06	21.32	21.08	20.50	22.10	22.87	24.48	24.17	25.14	0.57	0.53	0.59	22.31	0.43	0.56	0.73	23.17	24.50	0.59	0.65	33.25	0.69	0.52	0.48	32.84	0.55	0.51	0.61	22.42	1.59	1.07	0.91	20.72	0.89	0.92	0.75
Accounts receivable, net	2.12	325.45	13.92	13.74	13.79	13.28	12.38	11.71	11.37	10.98	12.44	12.21	11.92	11.77	11.06	11.38	10.55	10.34	14.53	15.45	14.66	9.45	14.83	15.65	16.57	15.79	2.35	2.19	2.09	6.43	2.03	1.92	1.12	1.90	1.04	1.05	1.09	1.67	0.83	0.79	0.86	0.88	0.85	0.91	0.76	0.84	0.94	0.95	1.01	0.17	0.25	0.30	0.37	0.48	0.66	0.83	0.95	1.10	1.22	1.45	1.58	1.92	1.92			3.06				0.75				1.19				1.72
Inventories								-52.59	-45.92	-7.89	-60.78	-61.02	-70.01	-11.77	-53.79	-54.90	-10.55	-39.87	9.73	10.49	9.78	9.40	9.33	9.87	10.59	9.66	-0.01	-0.01	-0.01	-0.01																																				0.38
Other current assets			1.06	1.10	1.11	1.06	1.03	1.04	1.14	1.08	1.14	1.20	1.18	1.16	1.12	1.11	1.17	1.15	1.09	1.12	1.20	1.25	1.19	1.24	1.28	1.25	127.18	141.36	136.34	0.60	134.24	134.69	131.90	131.47	134.45	132.60	131.53	131.30	129.79	130.70	124.11	125.14	126.33	116.32	113.57	112.55	111.90	113.17	110.01	107.83	108.47	106.78	105.39	105.37	130.84	126.36	122.53	101.06	120.14	117.61	117.36	96.64	119.11	119.50	119.23	82.24	119.58	110.68	114.28	74.46	105.86	103.46	102.11	75.26	96.26	94.06	90.39	68.46	87.21	85.99	81.50
Total current assets	4.29	370.82	56.34	60.69	61.36	58.66	57.15	57.03	49.96	109.66	47.35	46.23	53.23	106.16	35.48	36.73	125.60	184.91	186.49	183.00	171.80	150.36	139.26	135.90	132.60	110.83	41.35	30.68	31.28	35.91	29.32	28.76	27.93	29.16	25.88	29.91	30.70	32.68	32.42	30.86	29.91	29.01	27.03	23.80	23.67	23.23	23.19	23.38	22.57	24.12	133.89	133.74	132.84	134.65	4.00	4.49	4.75	27.64	5.44	3.98	3.48	27.46	25.72	2.20	1.84	38.84	1.87	1.99	1.70	36.37	2.10	2.47	2.56	26.25	2.22	2.51	2.24	25.05	2.52	2.72	2.31
Total non-current assets +	544.68	176.72	487.51	483.14	474.54	472.52	466.29	462.83	485.00	425.69	495.36	508.32	521.12	449.10	512.96	508.39	418.38	356.33	343.40	338.96	345.74	358.87	359.92	368.44	373.63	362.25	195.40	200.19	196.41	189.79	193.57	193.92	192.80	192.48	194.53	191.42	190.04	186.74	190.39	191.15	182.67	181.09	181.91	167.40	165.78	163.76	163.97	164.77	162.08	158.89	47.17	48.99	48.00	49.22	178.02	174.04	170.00	146.94	162.24	155.33	153.56	129.62	8.04	152.88	161.86	126.93	163.46	150.41	141.73	115.65	134.95	134.00	133.85	106.37	128.56	125.06	119.46	96.30	116.00	113.56	107.73
Property, plant and equipment, net		3.17	4.24	3.20	4.16	4.24					3.39	3.45	3.52	3.61	3.59	3.68	3.66	3.70	3.72	6.49	3.79	3.87	7.32	4.00	4.00	3.71	2.02	2.03	2.08	2.12	2.15	2.15	2.08	2.06	2.04	2.08	2.10	2.11	2.06	2.09	2.00	2.01	2.04	1.90	1.88	1.83	1.84	1.86	1.85	1.87	1.88	1.89	1.88	1.89
Goodwill	17.13	17.13	17.13	17.13	17.13	17.13	17.13	17.16	17.16	17.16	26.98	27.01	27.01	27.01	26.81	26.30	26.28	26.10	24.89	24.37	24.36	24.45	23.87	23.88	23.93	24.15	9.83	9.83	9.82	9.82	9.83	9.62	9.62	9.62	9.62	9.62	9.62	9.64	9.63	9.62	8.56	8.55	8.50	7.14	6.95	6.87	6.87	6.87	6.82	6.81	6.82	6.82	6.82	6.80	6.72	6.43	6.08	6.08	6.02	6.02	6.01	6.01	6.01	6.07	6.06	6.05	6.18	5.49	5.49	5.48	5.34	5.31	5.23	5.19	5.13	5.11	4.86	4.83	4.82	4.73	4.30
Intangible assets	1.19	1.26	5.10	5.01	5.10	5.26	5.13	5.14	5.23	5.29	6.83	6.90	6.84	7.43	7.52	7.00	6.71	6.04	5.51	4.90	5.19	5.01	4.83	5.09	5.32	5.77	1.60	1.68	1.76	1.88	1.97	1.79	1.80	1.77	1.79	1.83	1.91	1.91	1.72	1.73	1.52	1.57	1.55	1.43	1.29	1.35	1.47	1.51	1.55	1.62	1.55	1.51	1.38	1.30	0.72	1.26	1.12	1.01	1.01	1.34	1.41	1.34	1.12	1.23	1.48	1.47	1.28	1.11	0.89	0.91	0.51	0.51	0.47	0.96	0.49	0.50	0.48	0.94	0.48	0.49	0.48
Long-term investments	114.98	115.85	117.21	119.14	121.46	121.53	119.24	112.13	123.00	124.59	124.44	129.02	133.39	134.42	137.60	144.59	152.34	159.04	158.01	145.82	291.52	299.96	91.67	315.45	318.83	298.29	168.05	171.72	168.43	169.00	167.26	168.02	165.10	166.34	165.98	162.02	160.62	160.23	161.35	161.97	154.53	154.06	154.75	142.75	140.98	140.07	139.90	140.06	137.33	133.89	130.79	130.67	129.40	130.44
Other non-current assets
Total assets	548.98	547.54	543.85	543.83	535.90	531.18	523.43	519.85	534.96	535.35	542.71	554.55	574.35	555.26	548.44	545.12	543.98	541.24	529.88	521.96	517.54	509.23	499.18	504.34	506.23	473.08	236.75	230.87	227.68	225.70	222.89	222.68	220.73	221.64	220.34	221.19	220.50	219.28	222.62	221.86	212.41	209.95	208.81	191.02	189.23	186.83	187.02	188.01	184.65	183.01	181.05	182.74	180.84	183.87	182.02	178.53	174.75	174.58	167.68	159.31	157.04	157.08	157.23	155.08	163.70	165.76	165.33	152.40	143.43	152.02	137.04	136.47	136.42	132.62	130.78	127.58	121.69	121.35	118.52	116.28	110.03

Total current liabilities +	27.44	428.24	424.28	422.75	427.47	417.83	406.09	408.23	420.59	419.07	423.06	430.04	428.22	435.37	441.32	438.08	433.10	421.46	410.77	403.52	401.08	386.78	376.53	381.46	362.88	352.26	178.93	176.47	172.07	171.81	169.64	168.77	167.66	168.30	169.62	169.11	168.84	168.79	169.76	167.68	161.34	162.43	156.66	142.61	141.05	140.86	140.35	142.12	137.71	138.71	11.07	10.30	9.94	-0.56	142.27	137.04	134.10	138.23	127.98	118.88	117.78	123.31	118.40	116.26	125.74	132.64	127.87	114.80	104.34	117.90	102.77	103.11	102.03	101.29	99.32	97.14	90.11	93.70	90.63	89.92	86.02
Accounts payable											400.02		405.00	413.50	415.99	424.76	428.33	416.49	405.86	398.28	395.56	381.08	370.75	376.24	350.18	334.73	6.24	6.60	6.00	5.43	5.43	5.72	5.14	5.99	5.57	6.00	5.49	5.75	5.78	6.97	6.71	6.12	6.25	5.95	6.69	6.39	6.07	6.56	6.95	7.10	6.26	7.11	6.70	7.60	9.16	7.79	6.51	6.79	6.46	5.98	5.68	5.97		5.73	5.00	5.08	5.00			8.50				3.89				4.64
Short-term debt	27.44	27.84	29.38	16.63	23.73	27.31	18.31	22.82	26.33	23.20	23.03	23.99	23.22	21.87	25.33	13.32	4.77	4.97	4.92	5.24	5.52	5.71	5.78	5.22	12.70	17.54	10.41	10.34	6.31	5.18	9.65	3.58	4.32	4.94	7.92	6.14	2.02	2.81	4.06	1.47	4.13	7.19	2.58	3.88	3.13	5.44	3.39	3.98	3.29	4.14	4.81	3.19	3.24	2.86	3.09	3.20	3.44	6.50	3.95	4.84	5.19	10.13		6.08	7.02	12.59	8.36	12.63	13.72	10.79	10.08	10.80	9.61	10.63	10.62	9.41	6.77	8.09	7.23	6.80	6.36
Current portion of long-term debt	27.44	22.34	29.38	16.63	23.73	17.63	14.36	21.67	24.74	20.78	23.49	24.46	23.68	23.42	25.69	13.74	5.15	5.29	5.23	5.65	5.89	6.09	4.90	4.51	12.70	15.99	10.41	10.34	6.31
Deferred revenue
Other current liabilities		400.40	394.91	406.12	403.74	390.52	387.78	385.41	394.27	395.87	400.02	406.04	405.00	413.50	415.99	424.76	428.33	416.49	405.86	398.28	395.56	381.08	370.75	376.24	350.18	334.73	162.28	159.52	159.77	161.20	154.56	159.48	158.20	157.37	156.14	156.97	161.33	160.23	159.92	159.24	150.50	149.12	147.83	132.78	131.23	129.04	130.90	131.59	127.48	127.48	127.48	131.08	131.35	-7.60	130.02	126.06	124.16	124.94	117.57	108.06	106.91	107.21		104.45	113.72	114.97	114.51	102.16	90.62	96.54	92.69	92.31	92.42	84.20	88.70	87.73	83.34	78.50	83.40	83.13	79.66
Total non-current liabilities +	457.32	54.11	53.92	56.24	43.80	49.66	51.65	47.80	55.31	57.03	57.64	60.83	83.74	59.35	46.31	44.05	45.84	50.51	50.21	50.11	48.58	51.53	52.68	54.00	77.29	54.26	25.52	22.64	24.73	23.71	23.24	24.08	23.41	23.65	20.86	21.74	21.64	20.56	22.78	24.44	22.82	20.18	24.88	23.27	23.44	21.59	22.36	21.93	23.38	21.49	19.90	18.90	17.77	18.52	19.22	22.56	22.77	18.87	22.15	23.38	22.59	17.27	22.11	22.09	21.43	16.89	21.32	22.81	22.91	18.03	21.34	20.56	21.54	18.69	19.06	18.31	19.94	15.90	16.16	15.20	13.05
Long-term debt	41.62	41.96	41.73	44.43	32.03	34.96	36.77	34.62	39.07	38.92	41.23	44.75	69.90	43.20	31.17	30.32	33.77	35.91	37.84	37.97	37.75	39.60	40.08	42.13	65.66	41.34	25.52	22.64	24.73	23.71	23.24	24.08	23.41	23.65	20.86	21.74	21.64	21.97	22.78	24.44	22.82	23.77	24.88	23.27	23.44	23.31	22.36	21.93	23.38	21.49	20.40	19.36	18.32	19.11
Capital lease obligations
Other non-current liabilities													13.39			13.31	11.69	14.28	12.06	11.73	10.46	11.55	11.21	11.39	11.63	12.24	6.24	6.60	6.00	5.43	5.43	5.72	5.14	5.99	5.57	6.00	5.49	5.75	5.78	6.97	6.71	6.12	6.25	5.95	6.69	6.32	6.07	6.56	6.95	7.10	6.26	7.11	6.70	7.60
Total liabilities	484.76	482.35	478.21	478.99	471.26	467.50	457.74	456.03	475.91	476.10	480.70	490.87	511.96	494.72	487.63	482.12	478.94	471.97	460.98	453.63	449.66	438.32	429.21	435.45	440.17	406.52	204.45	199.11	196.80	195.52	192.88	192.85	191.07	191.95	190.49	190.84	190.48	189.35	192.53	192.12	184.17	182.61	181.55	165.89	164.49	162.46	162.71	164.05	161.10	160.20	158.96	160.74	159.61	162.65	161.49	159.60	156.87	157.10	150.14	142.26	140.37	140.58	140.44	138.34	147.17	149.52	149.19	137.61	127.24	135.93	124.11	123.67	123.58	119.99	118.38	115.45	110.04	109.61	106.79	105.12	99.06

Total stockholders' equity +	64.21	65.19	65.65	64.84	64.64	63.68	65.70	63.83	58.82	59.10	61.84	63.53	62.37	60.51	60.79	62.98	65.02	69.27	68.90	68.34	67.88	70.81	69.87	68.78	65.89	66.38	32.23	31.70	30.82	30.12	29.95	29.78	29.61	29.65	29.81	30.31	29.98	29.88	30.05	29.70	28.20	27.31	27.22	25.08	24.64	24.29	24.24	23.88	23.46	22.76	22.05	21.94	21.16	21.16	20.48	18.86	17.82	17.42	17.48	16.98	16.61	16.44	16.72	16.68	16.47	16.19	16.09	14.75	16.14	16.04	12.94	12.80	12.84	12.63	12.40	12.13	11.65	11.75	11.73	11.16	10.97
Common stock and paid-in capital	37.42	39.12	40.21	40.08	40.38	39.90	42.45	41.22	36.34	37.01	33.90	35.95	35.33	34.25	35.44	38.48	41.33	46.27	46.79	47.20	47.69	51.35	51.03	50.40	47.82	46.58	12.79	12.65	12.31	12.00	12.28	12.58	12.90	13.39	14.15	14.99	15.05	15.07	15.59	15.60	14.41	13.84	14.05	12.19	12.01	11.97	12.26	12.25	12.08	11.72	11.38	11.38	10.99	11.03	10.72	9.43	8.76	8.65	8.99	8.74	8.57	8.50	8.89	8.95	8.84	8.65	8.64	7.34	8.75	8.66	5.58	5.54	5.76	5.71	5.64	5.56	5.29	5.15	5.16	4.78	4.79
Retained earnings	26.80	26.07	25.44	24.76	24.25	23.78	23.25	22.60	22.48	22.09	27.94	27.58	27.04	26.26	25.34	24.50	23.69	23.00	22.11	21.14	20.18	19.46	18.83	18.37	18.08	19.81	19.44	19.05	18.52	18.12	17.67	17.20	16.71	16.26	15.66	15.32	14.93	14.81	14.46	14.10	13.79	13.46	13.17	12.89	12.63	12.32	11.98	11.63	11.38	11.04	10.67	10.56	10.18	10.13	9.76	9.43	9.06	8.77	8.49	8.24	8.04	7.94	7.83	7.73	7.62	7.54	7.46	7.41	7.39	7.38	7.36	7.26	7.09	6.92	6.76	6.57	6.36	6.60	6.57	6.38	6.18
Common shares outstanding	1,267	1,285	1,305	1,305	1,324	1,334	1,349	1,338	1,347	1,334	1,341	1,337	1,339	1,337	1,337	1,339	1,342	1,343	1,347	1,349	1,359	1,362	1,358	1,356	1,358	935	776	775	774	775	782	786	791	796	806	819	823	822	823	824	790	790	774	735	732	735	730	728	724	718	724	713	724	713	710	708	707	706	706	705	704	636	702	701	699	696	672	609	564	564	554	550	549	479	555	554	547	479	544	542	543

Balance Sheet - TRUIST FINANCIAL CORP (TFC)

Balance Sheet - TRUIST FINANCIAL CORP (TFC)