In the bin packing problem we are given an instance consisting of a sequence of items with sizes between 0 and 1. The objective is to pack these items into the smallest possible number of bins of unit size. FirstFit algorithm packs each item into the first bin where it fits, possibly opening a new bin if the item cannot fit into any currently open bin. In early seventies it was shown that the asymptotic approximation ratio of FirstFit bin packing is equal to 1.7. We prove that also the absolute approximation ratio for FirstFit bin packing is exactly 1.7. This means that if the optimum needs OPT bins, FirstFit always uses at most lfloor 1.7 OPT rfloor bins. Furthermore we show matching lower bounds for a majority of values of OPT, i.e., we...