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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 2,646 $ 1,308 $ 2,018
Adjustments to reconcile net income to cash provided by operating activities:                 
Gain from sales of businesses (54) (142) (25)
Depreciation of fixed assets 151 179 167
Amortization and impairment of intangible assets 113 147 246
Share-based compensation expense 397 449 312
Deferred income taxes (252) 11 9
Other, net 170 5 2
Change in assets and liabilities:      
Receivables, net (96) (119) 108
Accounts payable and accrued liabilities (22) 264 186
Current income taxes 216 200 (17)
Pension, other postretirement and postemployment liabilities (53) (124) (143)
Other assets and liabilities 3 4 (80)
Cash provided by operating activities 3,219 2,182 2,783
Cash flows from investing activities      
Proceeds from investments 110 58 64
Payments for investments (107) (91) (97)
Net sales (purchases) of short-term investments - non fiduciary (175) 15 (167)
Acquisition of businesses, net of cash and funds held on behalf of clients (162) (14) (368)
Sale of businesses, net of cash and funds held on behalf of clients 81 218 30
Capital expenditures (196) (137) (141)
Cash provided by (used for) investing activities (449) 49 (679)
Cash flows from financing activities      
Share repurchase (3,203) (3,543) (1,763)
Proceeds from issuance of shares 58 55 44
Cash paid for employee taxes on withholding shares (215) (185) (193)
Commercial paper issuances, net of repayments (65) 671 (113)
Issuance of debt 1,967 1,495 991
Repayment of debt (500) (413) (607)
Increase in fiduciary liabilities, net of fiduciary receivables 702 568 316
Cash dividends to shareholders (463) (447) (412)
Noncontrolling interests and other financing activities (71) (125) (35)
Cash used for financing activities (1,790) (1,924) (1,772)
Effect of exchange rates on cash and cash equivalents and funds held on behalf of clients (549) (235) 297
Net increase in cash and cash equivalents and funds held on behalf of clients 431 72 629
Cash and cash equivalents and funds held on behalf of clients at beginning of year 6,645 6,573 5,944
Cash and cash equivalents and funds held on behalf of clients at end of year 7,076 6,645 6,573
Reconciliation of cash and cash equivalents and funds held on behalf of clients:      
Cash and cash equivalents 690 544 884
Funds held on behalf of clients 6,386 6,101 5,689
Total cash and cash equivalents and funds held on behalf of clients 7,076 6,645 6,573
Supplemental disclosures:      
Interest paid 351 328 326
Income taxes paid, net of refunds $ 546 $ 412 $ 455