XML 20 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities from continuing operations:    
Net income $ 198 $ 212
Income from discontinued operations 0 (5)
Income from continuing operations 198 207
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 86 87
Deferred income taxes 3 (10)
Provision for bad debts 1 1
Share-based compensation expense 29 22
Other non-cash items 1 0
Foreign currency transaction (gains) losses (2) 3
Changes in other operating assets and liabilities, net of effect of acquisitions:    
Decrease in trade accounts receivable 193 228
Decrease in deferred revenue (245) (239)
(Decrease) increase in taxes payable, net (41) 27
Increase (decrease) in accounts payable, accrued expenses and other 8 (33)
Decrease in accrued salaries, wages and commissions (65) (83)
Changes in other operating assets and liabilities (5) (22)
Net cash provided by operating activities - continuing operations 161 188
Investing activities from continuing operations:    
Acquisitions of businesses, net of cash acquired, and purchased software (1) (37)
Purchases of property and equipment (8) (13)
Net cash used in investing activities - continuing operations (9) (50)
Financing activities from continuing operations:    
Dividends paid (107) (110)
Purchases of common stock (50) (50)
Notional pooling borrowings 190 1,760
Notional pooling repayments (186) (1,776)
Debt repayments (4) (5)
Exercise of common stock options 13 4
Other financing activities 0 (23)
Net cash used in financing activities - continuing operations (144) (200)
Effect of exchange rate changes on cash (44) 69
Net change in cash and cash equivalents - continuing operations (36) 7
Cash provided by operating activities - discontinued operations 0 5
Net effect of discontinued operations on cash and cash equivalents 0 5
(Decrease) increase in cash and cash equivalents (36) 12
Cash and cash equivalents at beginning of period 2,812 2,804
Cash and cash equivalents at end of period $ 2,776 $ 2,816