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billion, and we delivered a return on investedcapital of nearly 14%, putting Delta's returns in the top half of the S&P 500. Our industry-leading performance continues to demonstrate the strength of Delta's differentiated brand and returns-focused strategy. per share, a $0.20 Free cash flow was $1.4
Our guidance assumes, among other things, that we don't conclude any additional business acquisitions, restructurings or legal settlements. We remain focused on driving efficiencies across the business, which enables us to invest to support the strong growth we're seeing in AWS, including generative AI, which brings us to capitalinvestments.
As I've discussed on prior calls, we remain focused on reducing our capital intensity and continuing to provide increased stockholder returns, as well as maintaining a strong balance sheet, prudent capital allocation, and improving return on investedcapital. Capital expenditures for the quarter were $1.4
Our business strategy is predicated on investing in high-quality assets that also has scale. We've designed our capitalinvestment programs to ensure that we will continue to be the market leader in the years ahead. If any market does legalize it, you have to think, what does it mean to me, my capitalinvestment?
Backing out the change to cash rent with these transactions results in a net increase of $188 million on $460 million of capital. times or said another way, a return on investment of 41% for a property, the Cosmopolitan of Las Vegas, that is now the youngest in our Las Vegas portfolio with the attending low capex requirement.
Thus, private capital controls more than 90% of the U.S. commercial real estate market based on research from the National Association of Real Estate Investment Trusts. These additional earnings would bolster Realty Income's return on investment while ensuring incentives between public and private investors are aligned.
This also meaningfully extends the production life of our installed capacity and improves our returns on investments, similar to the announcement last quarter of our Tower Semiconductor partnership at the 65-nanometer node with our New Mexico site. Our success with IFS will be measured by customer commitments and revenue.
And of course, we were pleased this month to welcome Amy Tu into the role of chief legal and compliance officer. So now I want to end my commentary on the quarter by covering our after-tax return on investedcapital, which is an important measure of the quality of both our financial results and our capitalinvestments.
“Despite significant declines in global equity and fixed income markets during our fiscal year, our investment portfolio remained resilient, delivering stable returns while outperforming major indexes.” The positive fiscal-year results reflect returns on investments in infrastructure and certain U.S. and the U.S.
Our guidance assumes, among other things, that we don't conclude any additional business acquisitions, restructurings, or legal settlements. Next, let's turn to our capitalinvestments. We define our capitalinvestments as a combination of capital expenditures plus equipment finance leases.
We also expect savings from the capitalinvestments we made in Monterey, Vietnam, and Roseau, which include new paint systems and back shop vertical integration. So, as you think about -- you think about 2024 and opex, we're going to -- we've kept a similar run rate for legal, not the fourth quarter run rate but the full year.
Our guidance assumes, among other things, that we don't conclude any additional business acquisitions, restructurings, or legal settlements. As we said in the past, we expect the AWS operating margins to fluctuate, driven in part by the level of investments we're making at any point in time. Now turning to our capitalinvestments.
We are investing in high-quality assets that also have scale. We've designed our capitalinvestment programs to ensure that we will be the market leader in the years ahead. The results of Marina Bay Sands reflect the positive impact on our capitalinvestment program and the growth of high-value tourism.
It really was the payback period of the recycling investments relative to investments we make in our traditional collection and disposal assets. And we've always talked about the recycling investments being one of the best return on investedcapital that we have across our portfolio.
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