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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ (250) $ (389)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation of property and equipment 228 331
Depreciation of right-of-use assets 85 84
Amortization of transition costs and prepaid software 293 341
Amortization of capitalized contract costs 111 156
Amortization of intangible assets 14 10
Stock-based compensation 26 18
Deferred taxes 46 (31)
Net (gain) loss on asset sales and other 2 (5)
Change in operating assets and liabilities:    
Deferred costs (excluding amortization) (369) (509)
Right-of-use assets and liabilities (excluding depreciation) (84) (105)
Workforce rebalancing liabilities 6 (74)
Receivables 222 (55)
Accounts payable (14) 3
Taxes (including items settled with former Parent in prior-year period). 12 106
Other assets and other liabilities (224) (43)
Net cash provided by (used in) operating activities 104 (161)
Cash flows from investing activities:    
Payments for property and equipment and capitalized software (213) (227)
Proceeds from disposition of property and equipment 7 16
Other investing activities, net (13)  
Net cash used in investing activities (218) (211)
Cash flows from financing activities:    
Debt repayments (28) (19)
Proceeds from issuance of debt, net of debt issuance costs   140
Net transfers from Parent   243
Common stock repurchases for tax withholdings (13)  
Net cash provided by (used in) financing activities (41) 364
Effect of exchange rate changes on cash, cash equivalents and restricted cash (111) 1
Net change in cash, cash equivalents and restricted cash (266) (7)
Cash, cash equivalents and restricted cash at April 1 2,154 50
Cash, cash equivalents and restricted cash at June 30 1,888 $ 43
Supplemental data    
Income taxes paid, net of refunds received 8  
Interest paid on debt $ 38