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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net Income $ 1,130 $ 878
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 210 181
Stock-based compensation 109 97
Deferred income taxes 25 21
Expected credit losses 10 9
Changes in assets and liabilities:    
Accounts receivable (64) 112
Other current assets (6) 78
Other assets (1) (24)
Lease obligations (15) (9)
Accounts payable and accrued liabilities (82) (86)
Deferred revenue 120 97
Uncertain tax positions and other non-current tax liabilities 12 (120)
Other liabilities 13 (22)
Net cash provided by operating activities 1,461 1,212
Cash flows from investing activities    
Capital additions (171) (127)
Purchases of investments (87) (53)
Sales and maturities of investments 81 81
Purchases of investments in non-consolidated affiliates (2) (2)
Sales of investments in non-consolidated affiliates 0 1
Cash paid for acquisitions, net of cash acquired (12) (3)
Net cash used in investing activities (191) (103)
Cash flows from financing activities    
Repayment of notes 0 (200)
Proceeds from stock-based compensation plans 45 31
Treasury shares (384) (108)
Repurchase of shares related to stock-based compensation (82) (64)
Dividends (309) (283)
Dividends to noncontrolling interests (1) 0
Net cash used in financing activities (731) (624)
Effect of exchange rate changes on cash and cash equivalents (34) 24
Increase in cash and cash equivalents 505 509
Cash and cash equivalents, beginning of period 2,130 1,769
Cash and cash equivalents, end of period $ 2,635 $ 2,278