XML 191 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 1,429 $ 1,320 $ 1,008
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 200 192 158
Stock-based compensation 136 130 123
Deferred income taxes (38) (99) 88
CCXI Gain 0 0 (60)
Purchase Price Hedge Gain 0 0 (111)
ROU Asset impairment & other non-cash restructuring/impairment charges 38    
Loss pursuant to the divestiture of MAKS (14) 0 0
Changes in assets and liabilities:      
Accounts receivable (134) (136) (148)
Other current assets (88) (9) (70)
Other assets (69) (17) 12
Lease obligations (16) 0 0
Accounts payable and accrued liabilities 77 (134) (638)
Restructuring liability 0 42 (6)
Deferred revenue 76 139 73
Unrecognized tax positions and other non-current tax liabilities 8 59 63
Other liabilities 42 (26) 263
Net cash provided by operating activities 1,675 1,461 755
Cash flows from investing activities      
Capital additions (69) (91) (91)
Purchases of investments (138) (193) (170)
Sales and maturities of investments 174 161 239
Receipts from Purchase Price Hedge 0 0 111
Cash received upon disposal of a business, net of cash transferred to purchaser 226 6 0
Cash paid for acquisitions, net of cash acquired (162) (289) (3,511)
Receipts from settlements of net investment hedges 12 0 2
Payments for settlements of net investment hedges (7) 0 0
Net cash provided by (used in) investing activities 36 (406) (3,420)
Cash flows from financing activities      
Issuance of notes 824 1,090 2,292
Repayment of notes (950) (800) (300)
Issuance of commercial paper 1,317 989 1,837
Repayment of commercial paper (1,320) (1,120) (1,707)
Proceeds from stock-based compensation plans 45 47 56
Repurchase of shares related to stock-based compensation (77) (62) (49)
Treasury shares (991) (203) (200)
Dividends (378) (337) (290)
Dividends to noncontrolling interests (3) (5) (3)
Payment for noncontrolling interest (12) 0 (9)
Debt issuance costs, extinguishment costs and related fees (18) (11) (27)
Net cash used in financing activities (1,563) (412) 1,600
Effect of exchange rate changes on cash and cash equivalents (1) (30) 85
Increase (decrease) in cash and cash equivalents 147 613 (980)
Cash and cash equivalents, beginning of period 1,685 1,072 2,052
Cash and cash equivalents, end of period $ 1,832 $ 1,685 $ 1,072