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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net Income $ 577 $ 501
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 100 88
Stock-based compensation 53 47
Deferred income taxes 25 0
Expected credit losses 4 3
Changes in assets and liabilities:    
Accounts receivable (197) (54)
Other current assets 49 74
Other assets (19) (21)
Lease obligations (7) (5)
Accounts payable and accrued liabilities (110) (178)
Deferred revenue 308 296
Uncertain tax positions and other non-current tax liabilities 6 (119)
Other liabilities (14) (24)
Net cash provided by operating activities 775 608
Cash flows from investing activities    
Capital additions (78) (73)
Purchases of investments (50) (45)
Sales and maturities of investments 46 55
Purchases of investments in non-consolidated affiliates (2) 0
Cash paid for acquisitions, net of cash acquired (12) 0
Net cash used in investing activities (96) (63)
Cash flows from financing activities    
Proceeds from stock-based compensation plans 20 11
Treasury shares (120) (41)
Repurchase of shares related to stock-based compensation (53) (45)
Dividends (155) (141)
Net cash used in financing activities (308) (216)
Effect of exchange rate changes on cash and cash equivalents (25) 21
Increase in cash and cash equivalents 346 350
Cash and cash equivalents, beginning of period 2,130 1,769
Cash and cash equivalents, end of period $ 2,476 $ 2,119