XML 97 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net Income $ 1,463 $ 1,067
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 163 150
Stock-based compensation 110 103
Deferred income taxes (1) (22)
ROU Asset impairment & other non-cash restructuring/impairment charges 23 38
Loss pursuant to the divestiture of MAKS 9 11
Settlement of treasury rate lock (68) 0
Prepayment penalty relating to early redemption of debt 24 0
Changes in assets and liabilities:    
Accounts receivable 73 36
Other current assets (8) (8)
Other assets (89) (32)
Accounts payable and accrued liabilities (28) (100)
Deferred revenue (171) (96)
Unrecognized tax benefits and other non-current tax liabilities (9) (17)
Other liabilities (3) 66
Net cash provided by operating activities 1,488 1,196
Cash flows from investing activities    
Capital additions (83) (61)
Purchases of investments (130) (111)
Sales and maturities of investments 57 139
Cash paid for acquisitions, net of cash acquired (699) (121)
Receipts from settlements of net investment hedges 2 4
Net cash used in investing activities (853) (150)
Cash flows from financing activities    
Issuance of notes 1,491 0
Repayment of notes (800) (450)
Issuance of commercial paper 789 1,307
Repayment of commercial paper (792) (1,310)
Proceeds from stock-based compensation plans 41 37
Repurchase of shares related to stock-based compensation (101) (76)
Treasury shares (253) (728)
Dividends (315) (284)
Debt issuance costs, extinguishment costs and related fees (39) 0
Dividends to noncontrolling interest (1) (1)
Payment to acquire noncontrolling interests (17) (12)
Net cash provided by (used in) financing activities 3 (1,517)
Reclassification of cash to assets held for sale 0 (11)
Effect of exchange rate changes on cash and cash equivalents 22 (25)
Increase (decrease) in cash and cash equivalents 660 (507)
Cash and cash equivalents, beginning of period 1,832 1,685
Cash and cash equivalents, end of period $ 2,492 $ 1,178