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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net Income $ 501 $ 498
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 88 78
Stock-based compensation 47 46
Deferred income taxes 0 30
Changes in assets and liabilities:    
Accounts receivable (51) (117)
Other current assets 74 (11)
Other assets (21) (21)
Lease obligations (5) (2)
Accounts payable and accrued liabilities (178) (296)
Deferred revenue 296 290
Uncertain tax positions (119) (18)
Other liabilities (24) (7)
Net cash provided by operating activities 608 470
Cash flows from investing activities    
Capital additions (73) (59)
Purchases of investments (45) (46)
Sales and maturities of investments 55 27
Cash paid for acquisitions, net of cash acquired 0 (83)
Net cash used in investing activities (63) (161)
Cash flows from financing activities    
Proceeds from stock-based compensation plans 11 8
Treasury shares (41) (560)
Cash paid for ASR contract relating to shares retained by counterparty until final settlement 0 (98)
Repurchase of shares related to stock-based compensation (45) (58)
Dividends (141) (130)
Issuance of notes 0 491
Debt issuance costs and related fees 0 (5)
Net cash used in financing activities (216) (352)
Effect of exchange rate changes on cash and cash equivalents 21 (18)
Increase (decrease) in cash and cash equivalents 350 (61)
Cash and cash equivalents, beginning of period 1,769 1,811
Cash and cash equivalents, end of period $ 2,119 $ 1,750