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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net Income $ 498 $ 736
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 78 59
Stock-based compensation 46 45
Deferred income taxes 30 44
Changes in assets and liabilities:    
Accounts receivable (117) (71)
Other current assets (11) 67
Other assets (21) (27)
Lease obligations (2) (3)
Accounts payable and accrued liabilities (296) (206)
Deferred revenue 290 146
Unrecognized tax benefits and other non-current tax liabilities (18) (78)
Other liabilities (7) (36)
Net cash provided by operating activities 470 676
Cash flows from investing activities    
Capital additions (59) (14)
Purchases of investments (46) (65)
Sales and maturities of investments 27 45
Cash paid for acquisitions, net of cash acquired (83) (138)
Receipts from settlements of net investment hedges 0 1
Payments for settlements of net investment hedges 0 (23)
Net cash used in investing activities (161) (194)
Cash flows from financing activities    
Issuance of notes 491 0
Proceeds from stock-based compensation plans 8 9
Repurchase of shares related to stock-based compensation (58) (51)
Treasury shares (560) (132)
Cash paid for ASR contract relating to shares retained by counterparty until final settlement (98) 0
Dividends (130) (116)
Debt issuance costs and related fees (5) 0
Net cash used in financing activities (352) (290)
Effect of exchange rate changes on cash and cash equivalents (18) (20)
(Decrease) increase in cash and cash equivalents (61) 172
Cash and cash equivalents, beginning of period 1,811 2,597
Cash and cash equivalents, end of period $ 1,750 $ 2,769