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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 529 $ 649
Adjustments to reconcile net income to cash provided by operating activities:    
Gain from sales of businesses and investments, net (20) (8)
Depreciation of fixed assets 113 122
Amortization of intangible assets 159 173
Share-based compensation expense 164 175
Deferred income taxes 16 18
Change in assets and liabilities:    
Fiduciary receivables (116) (563)
Short-term investments — funds held on behalf of clients 52 (175)
Fiduciary liabilities 64 738
Receivables, net 59 115
Accounts payable and accrued liabilities (537) (492)
Restructuring reserves (19) (62)
Current income taxes (152) (145)
Pension, other post-retirement and other post-employment liabilities (122) (226)
Other assets and liabilities 175 14
CASH PROVIDED BY OPERATING ACTIVITIES 365 333
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of long-term investments 10 48
Purchases of long-term investments (1) (14)
Net (purchases) sales of short-term investments — non-fiduciary (97) 217
Acquisition of businesses, net of cash acquired (23) (83)
Proceeds from sale of businesses 52 1
Capital expenditures (142) (115)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES (201) 54
CASH FLOWS FROM FINANCING ACTIVITIES    
Share repurchase (550) (1,250)
Issuance of shares for employee benefit plans 52 40
Issuance of debt 2,445 3,324
Repayment of debt (1,896) (1,745)
Deposit with trustee 0 (681)
Cash dividends to shareholders (156) (128)
(Purchases) sales of shares (from) to noncontrolling interests (5) 1
Dividends paid to noncontrolling interests 18 10
CASH USED FOR FINANCING ACTIVITIES (128) (449)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (43) 3
NET DECREASE IN CASH AND CASH EQUIVALENTS (7) (59)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 374 477
CASH AND CASH EQUIVALENTS AT END OF PERIOD 367 418
Supplemental disclosures:    
Interest paid 128 82
Income taxes paid, net of refunds $ 118 $ 204