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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net Income $ 1,268 $ 1,128
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 276 242
Stock-based compensation 143 130
Deferred income taxes (10) 58
ROU Asset impairment & other non-cash restructuring/impairment charges 12 0
FX translation losses reclassified to net income 0 20
Changes in assets and liabilities:    
Accounts receivable 127 123
Other current assets 151 (140)
Other assets (31) 10
Lease obligations (16) (14)
Accounts payable and accrued liabilities (61) (358)
Deferred revenue (35) (20)
Uncertain tax positions (114) (41)
Other liabilities (36) (41)
Net cash provided by operating activities 1,674 1,097
Cash flows from investing activities    
Capital additions (198) (204)
Purchases of investments (108) (244)
Sales and maturities of investments 116 153
Receipts from settlements of net investment hedges 0 220
Cash paid for acquisitions, net of cash acquired (3) (97)
Net cash used in investing activities (193) (172)
Cash flows from financing activities    
Repayment of notes (500) (500)
Issuance of notes 0 988
Proceeds from stock-based compensation plans 40 21
Treasury shares (278) (983)
Repurchase of shares related to stock-based compensation (67) (85)
Dividends (424) (387)
Dividends to noncontrolling interest (2) (1)
Debt issuance costs and related fees 0 (10)
Net cash used in financing activities (1,231) (957)
Effect of exchange rate changes on cash and cash equivalents (13) (123)
Increase (decrease) in cash and cash equivalents 237 (155)
Cash and cash equivalents, beginning of period 1,769 1,811
Cash and cash equivalents, end of period $ 2,006 $ 1,656