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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 14 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Cash flows from operating activities:          
Net income (loss) $ (106) $ (731) $ (637) $ (1,810)  
Adjustments to reconcile net income (loss) to cash provided by operating activities:          
Depreciation of property and equipment 232 294 681 960  
Depreciation of right-of-use assets     285 229  
Amortization of transition costs and prepaid software     909 955  
Amortization of capitalized contract costs 114   337 403  
Amortization of intangible assets     36 30  
Goodwill impairment   469 0 469 $ 469
Stock-based compensation 29 18 81 56  
Deferred taxes     5 (418)  
Net (gain) loss on asset sales and other     (17) 12  
Change in operating assets and liabilities:          
Deferred costs (excluding amortization)     (1,063) (1,071)  
Right-of-use assets and liabilities (excluding depreciation)     (275) (256)  
Workforce rebalancing liabilities     (1) (204)  
Receivables     647 (938)  
Accounts payable     235 224  
Taxes (including items settled with former Parent in prior-year period)     (36) 920  
Other assets and other liabilities     (418) 650  
Net cash provided by operating activities     769 209  
Cash flows from investing activities:          
Capital expenditures     (711) (572)  
Proceeds from disposition of property and equipment     20 100  
Other investing activities, net     (8) (1)  
Net cash used in investing activities     (699) (472)  
Cash flows from financing activities:          
Debt repayments     (83) (71)  
Proceeds from issuance of debt, net of debt issuance costs       3,035  
Net transfers to Parent       (490)  
Common stock repurchases for tax withholdings     (17) (1)  
Net cash provided by (used in) financing activities     (100) 2,472  
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (109) (19)  
Net change in cash, cash equivalents and restricted cash     (138) 2,190  
Cash, cash equivalents and restricted cash at April 1     2,154 50  
Cash, cash equivalents and restricted cash at December 31 $ 2,016 $ 2,240 2,016 2,240 $ 2,016
Supplemental data          
Income taxes paid, net of refunds received     109 12  
Interest paid on debt     $ 89 $ 2