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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net Income $ 996 $ 685
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 107 102
Stock-based compensation 72 70
Deferred income taxes 46 (3)
ROU Asset impairment & other non-cash restructuring/impairment charges 0 29
Loss pursuant to the divestiture of MAKS 9 9
Changes in assets and liabilities:    
Accounts receivable 11 30
Other current assets (45) (58)
Other assets (39) (33)
Accounts payable and accrued liabilities (37) (96)
Deferred revenue (60) (8)
Unrecognized tax benefits and other non-current tax liabilities (13) (15)
Other liabilities (70) 43
Net cash provided by operating activities 977 755
Cash flows from investing activities    
Capital additions (62) (39)
Purchases of investments (108) (70)
Sales and maturities of investments 45 93
Cash paid for acquisitions, net of cash acquired (698) (37)
Net cash used in investing activities (823) (53)
Cash flows from financing activities    
Issuance of notes 995 0
Repayment of notes (300) (450)
Issuance of commercial paper 789 942
Repayment of commercial paper (792) (815)
Proceeds from stock-based compensation plans 29 29
Repurchase of shares related to stock-based compensation (100) (75)
Treasury shares (253) (615)
Dividends (210) (189)
Debt issuance costs, extinguishment costs and related fees (17) 0
Dividends to noncontrolling interest (1) (1)
Payment to acquire noncontrolling interests (17) (12)
Net cash provided by (used in) financing activities 123 (1,186)
Reclassification of cash to assets held for sale 0 (8)
Effect of exchange rate changes on cash and cash equivalents (10) 3
Increase (decrease) in cash and cash equivalents 267 (489)
Cash and cash equivalents, beginning of period 1,832 1,685
Cash and cash equivalents, end of period $ 2,099 $ 1,196