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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 890 $ 641
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 263 247
Provision for credit losses 18 9
Deferred income tax provision 12 15
Stock-based compensation expense 63 44
Other, net (60) (44)
Changes in operating assets and liabilities:    
Accounts receivable (355) (113)
Accounts payable and accrued expenses 514 80
Income taxes payable 95 9
Termination of interest rate swap agreements 40 0
Other assets and liabilities, net (16) 7
Net cash provided by operating activities 1,464 895
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (329) (56)
Capital expenditures (256) (228)
Increase in investments and other assets (19) (27)
Net cash used in investing activities (604) (311)
Cash flows from financing activities:    
Proceeds from borrowings 749 1,484
Repayments of debt (1,002) (1,448)
Purchases of treasury stock (75) (153)
Exercise of stock options 144 98
Employee payroll tax withholdings on stock issued under stock-based compensation plans (13) (16)
Dividends paid (222) (215)
Distributions to noncontrolling interest partners (34) (39)
Other financing activities, net 6 4
Net cash used in financing activities (447) (285)
Net change in cash and cash equivalents and restricted cash 413 299
Cash and cash equivalents and restricted cash, beginning of period 1,192 135
Cash and cash equivalents and restricted cash, end of period $ 1,605 $ 434