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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net Income $ 1,313 $ 996
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 119 107
Stock-based compensation 86 72
Deferred income taxes 59 46
Loss pursuant to the divestiture of MAKS 0 9
Settlement of treasury rate lock 0 (68)
Changes in assets and liabilities:    
Accounts receivable (29) 11
Other current assets 17 (45)
Other assets (23) (39)
Accounts payable and accrued liabilities (182) 31
Deferred revenue 49 (60)
Unrecognized tax benefits and other non-current tax liabilities (75) (13)
Other liabilities (64) (70)
Net cash provided by operating activities 1,270 977
Cash flows from investing activities    
Capital additions (44) (62)
Purchases of investments (109) (108)
Sales and maturities of investments 85 45
Cash paid for acquisitions, net of cash acquired (138) (698)
Receipts from settlements of net investment hedges 2 0
Payments for settlements of net investment hedges (47) 0
Net cash used in investing activities (251) (823)
Cash flows from financing activities    
Issuance of notes 0 995
Repayment of notes 0 (300)
Issuance of commercial paper 0 789
Repayment of commercial paper 0 (792)
Proceeds from stock-based compensation plans 23 29
Repurchase of shares related to stock-based compensation (79) (100)
Treasury shares (503) (253)
Dividends (232) (210)
Debt issuance costs, extinguishment costs and related fees 0 (17)
Dividends to noncontrolling interest (1) (1)
Payment to acquire noncontrolling interests 0 (17)
Net cash (used in) provided by financing activities (792) 123
Effect of exchange rate changes on cash and cash equivalents (15) (10)
Increase in cash and cash equivalents 212 267
Cash and cash equivalents, beginning of period 2,597 1,832
Cash and cash equivalents, end of period $ 2,809 $ 2,099