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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 208 $ 217
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 116 107
Provision (credit) for credit losses 1 (1)
Deferred income tax benefit (18) (4)
Stock-based compensation expense 22 24
Other, net 11 3
Changes in operating assets and liabilities:    
Accounts receivable (114) (58)
Accounts payable and accrued expenses (152) (211)
Income taxes payable 42 11
Other assets and liabilities, net 38 6
Net cash provided by operating activities 154 94
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (142) (31)
Capital expenditures (104) (127)
Other investing activities 33 0
Net cash used in investing activities (213) (158)
Cash flows from financing activities:    
Proceeds from borrowings 0 140
Repayments of debt 0 (140)
Exercise of stock options 12 25
Employee payroll tax withholdings on stock issued under stock-based compensation plans (23) (28)
Dividends paid (79) (74)
Distributions to noncontrolling interest partners (11) (14)
Other financing activities, net (52) 15
Net cash used in financing activities (153) (76)
Net change in cash and cash equivalents and restricted cash (212) (140)
Cash and cash equivalents and restricted cash, beginning of period 686 315
Cash and cash equivalents and restricted cash, end of period $ 474 $ 175