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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 1,263.0 $ 1,430.0 $ 1,422.0
Income from discontinued operations, net of tax 828.0 177.0 169.0
Adjustments to reconcile net income to cash provided by operating activities:      
Loss (gain) from sales of businesses and investments, net 16.0 (39.0) (81.0)
Depreciation of fixed assets 187.0 162.0 164.0
Amortization and impairment of intangible assets 704.0 157.0 174.0
Share-based compensation expense 319.0 306.0 320.0
Deferred income taxes (18.0) (24.0) (223.0)
Change in assets and liabilities:      
Fiduciary receivables 171.0 595.0 599.0
Short-term investments — funds held on behalf of clients (135.0) (540.0) 206.0
Fiduciary liabilities (36.0) (55.0) (805.0)
Receivables, net (254.0) (105.0) (97.0)
Accounts payable and accrued liabilities 96.0 53.0 88.0
Restructuring reserves 172.0 0.0 0.0
Current income taxes (914.0) (42.0) 24.0
Pension, other postretirement and other postemployment liabilities (66.0) 42.0 (230.0)
Other assets and liabilities (8.0) 66.0 110.0
Cash provided by operating activities - continuing operations 669.0 1,829.0 1,502.0
Cash provided by operating activities - discontinued operations 65.0 497.0 507.0
CASH PROVIDED BY OPERATING ACTIVITIES 734.0 2,326.0 2,009.0
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from investments 68.0 43.0 220.0
Payments for investments (64.0) (64.0) (266.0)
Net sales (purchases) of short-term investments — non-fiduciary (232.0) 61.0 9.0
Acquisition of businesses, net of cash acquired (1,029.0) (879.0) (16.0)
Sale of businesses, net of cash sold 4,246.0 107.0 205.0
Capital expenditures (183.0) (156.0) (200.0)
Cash provided by (used for) investing activities - continuing operations 2,806.0 (888.0) (48.0)
Cash provided by (used for) investing activities - discontinued operations (19.0) (66.0) (90.0)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES 2,787.0 (954.0) (138.0)
CASH FLOWS FROM FINANCING ACTIVITIES      
Share repurchase (2,399.0) (1,257.0) (1,550.0)
Issuance of shares for employee benefit plans (121.0) (129.0) (30.0)
Issuance of debt 1,654.0 3,467.0 5,351.0
Repayment of debt (1,999.0) (2,945.0) (5,098.0)
Cash dividends to shareholders (364.0) (345.0) (323.0)
Noncontrolling interests and other financing activities (36.0) (77.0) (39.0)
Cash used for financing activities - continuing operations (3,265.0) (1,286.0) (1,689.0)
Cash used for financing activities - discontinued operations 0.0 0.0 0.0
CASH USED FOR FINANCING ACTIVITIES (3,265.0) (1,286.0) (1,689.0)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 69.0 (39.0) (172.0)
NET INCREASE IN CASH AND CASH EQUIVALENTS 325.0 47.0 10.0
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 431.0 384.0 374.0
CASH AND CASH EQUIVALENTS AT END OF YEAR 756.0 431.0 384.0
Supplemental disclosures:      
Interest paid 272.0 272.0 254.0
Income taxes paid, net of refunds $ 1,182.0 $ 218.0 $ 249.0