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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 448 $ 466
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 233 219
Provision (credit) for credit losses 3 (1)
Deferred income tax benefit (36) (16)
Stock-based compensation expense 42 40
Other, net 16 1
Changes in operating assets and liabilities:    
Accounts receivable (113) (38)
Accounts payable and accrued expenses (111) (156)
Income taxes payable 20 5
Other assets and liabilities, net 12 18
Net cash provided by operating activities 514 538
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (248) (609)
Capital expenditures (196) (231)
Other investing activities, net 31 0
Net cash used in investing activities (413) (840)
Cash flows from financing activities:    
Proceeds from borrowings 0 1,147
Repayments of debt (301) (828)
Exercise of stock options 28 47
Employee payroll tax withholdings on stock issued under stock-based compensation plans (23) (28)
Dividends paid (163) (154)
Distributions to noncontrolling interest partners (18) (28)
Other financing activities, net (39) (43)
Net cash (used in) provided by financing activities (516) 113
Net change in cash and cash equivalents and restricted cash (415) (189)
Cash and cash equivalents and restricted cash, beginning of period 686 315
Cash and cash equivalents and restricted cash, end of period $ 271 $ 126