XML 26 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 482 $ 626
Income from discontinued operations, net of income taxes 0 (177)
Adjustments:    
Provision for transaction losses 52 69
Depreciation and amortization 167 160
Stock-based compensation 88 93
Changes in assets and liabilities, and other, net of acquisition effects (148) (270)
Net cash provided by continuing operating activities 641 501
Net cash provided by discontinued operating activities 0 650
Net cash provided by operating activities 641 1,151
Cash flows from investing activities:    
Purchases of property and equipment (158) (96)
Purchases of investments (2,935) (2,420)
Maturities and sales of investments 2,030 2,019
Other (12) (1)
Net cash used in continuing investing activities (1,075) (498)
Net cash used in discontinued investing activities 0 (226)
Net cash used in investing activities (1,075) (724)
Cash flows from financing activities:    
Proceeds from issuance of common stock 7 38
Repurchases of common stock (1,001) (1,000)
Excess tax benefits from stock-based compensation 1 20
Tax withholdings related to net share settlements of restricted stock units and awards (8) (51)
Proceeds from issuance of long-term debt, net 2,216 0
Other 7 0
Net cash provided by (used in) continuing financing activities 1,222 (993)
Net cash provided by discontinued financing activities 0 8
Net cash provided by (used) in financing activities 1,222 (985)
Effect of exchange rate changes on cash and cash equivalents 66 (297)
Net increase (decrease) in cash and cash equivalents 854 (855)
Cash and cash equivalents at beginning of period 1,832 6,328
Cash and cash equivalents at end of period 2,686 5,473
Less: Cash and cash equivalents of discontinued operations 0 2,367
Cash and cash equivalents of continuing operations at end of period 2,686 3,106
Supplemental cash flow disclosures:    
Cash paid for interest 73 74
Cash paid for income taxes $ 31 $ 101