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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ (229) $ (494)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation of property and equipment 246 339
Depreciation of right-of-use assets 103 99
Amortization of transition costs and prepaid software 319 323
Amortization of capitalized contract costs 136 160
Amortization of intangible assets 7 7
Stock-based compensation 31 16
Deferred taxes (10) 17
Net (gain) loss on asset sales and other 12 (1)
Change in operating assets and liabilities:    
Deferred costs (excluding amortization) (672) (548)
Right-of-use assets and liabilities (excluding depreciation) (117) (118)
Workforce rebalancing liabilities (73) (138)
Receivables (31) (138)
Accounts payable 384 (99)
Taxes (including items settled with former Parent in prior-year period) (66) 74
Other assets and other liabilities 151 172
Net cash provided by (used in) operating activities 189 (328)
Cash flows from investing activities:    
Payments for property and equipment (180) (180)
Proceeds from disposition of property and equipment 9 93
Other investing activities, net (53) (13)
Net cash used in investing activities (225) (100)
Cash flows from financing activities:    
Debt repayments (28) (17)
Net transfers from Parent   460
Short-term borrowings (repayments), net (2)  
Common stock repurchases for tax withholdings (3)  
Other financing activities, net (10)  
Net cash provided by (used in) financing activities (43) 443
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7) (3)
Net change in cash, cash equivalents and restricted cash (86) 13
Cash, cash equivalents and restricted cash at January 1 2,240 38
Cash, cash equivalents and restricted cash at March 31 2,154 $ 50
Supplemental data    
Income taxes paid, net of refunds received 47  
Interest paid on debt $ 3