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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended 24 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Cash flows from operating activities        
Net income $ 2,214 $ 1,777 $ 1,429  
Reconciliation of net income to net cash provided by operating activities:        
Depreciation and amortization 257 220 200  
Stock-based compensation 175 154 136  
Deferred income taxes (218) (44) (38)  
Prepayment penalty relating to early redemption of debt 13 24 12  
Non-cash gain related to minority interest in BitSight (36) 0 0  
Settlement of treasury rate lock 0 (68) 0  
ROU asset impairment & other non-cash restructuring/impairment charges 0 36 38  
Loss pursuant to the divestiture of MAKS 0 9 14  
Changes in assets and liabilities:        
Accounts receivable (257) 31 (134)  
Other current assets (12) (38) (88)  
Other assets (26) (49) (69)  
Lease obligations (11) (10) (16)  
Accounts payable and accrued liabilities 80 247 65  
Deferred revenue 65 (29) 76  
Unrecognized tax positions and other non-current tax liabilities (184) (12) 8  
Other liabilities (55) (102) 42  
Net cash provided by operating activities 2,005 2,146 1,675  
Cash flows from investing activities        
Capital additions (139) (103) (69)  
Purchases of investments (437) (181) (138)  
Sales and maturities of investments 147 104 174  
Cash received upon disposal of a business, net of cash transferred to purchaser 0 0 226  
Cash paid for acquisitions, net of cash acquired (2,179) (897) (162)  
Receipts from settlements of net investment hedges 37 2 12  
Payments for settlements of net investment hedges (48) (2) (7)  
Net cash (used in) provided by investing activities (2,619) (1,077) 36  
Cash flows from financing activities        
Issuance of notes 1,672 1,491 824  
Repayment of notes (500) (800) (950)  
Issuance of commercial paper 0 789 1,317  
Repayment of commercial paper 0 (792) (1,320)  
Proceeds from stock-based compensation plans 38 51 45  
Repurchase of shares related to stock-based compensation (83) (104) (77)  
Treasury shares (750) (503) (991)  
Dividends (463) (420) (378)  
Dividends to noncontrolling interests (5) (1) (3)  
Payment for noncontrolling interest 0 (23) (12)  
Debt issuance costs, extinguishment costs and related fees (31) (39) (18)  
Net cash used in financing activities (122) (351) (1,563)  
Effect of exchange rate changes on cash and cash equivalents (50) 47 (1)  
(Decrease) increase in cash and cash equivalents (786) 765 147  
Cash and cash equivalents, beginning of period 2,597 1,832 1,685 $ 1,685
Cash and cash equivalents, end of period $ 1,811 $ 2,597 $ 1,832 $ 2,597