XML 22 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating cash flows:    
Net income before non-controlling interests $ 490 $ 495
Adjustments to reconcile net income to cash used for operations:    
Depreciation and amortization of fixed assets and capitalized software 78 77
Amortization of intangible assets 33 24
Adjustments and payments related to contingent consideration liability 1 (2)
Provision for deferred income taxes 22 87
Loss (gain) on investments 3 (2)
Loss on disposition of assets 2 1
Share-based compensation expense 31 24
Changes in assets and liabilities:    
Net receivables (175) (1)
Other current assets (34) (26)
Other assets 2 8
Accounts payable and accrued liabilities 36 (128)
Accrued compensation and employee benefits (931) (927)
Accrued income taxes (26) (30)
Contributions to pension and other benefit plans in excess of current year expense/credit (67) (134)
Other liabilities (71) (79)
Effect of exchange rate changes 25 90
Net cash used for operations (581) (523)
Financing cash flows:    
Purchase of treasury shares (200) (300)
Net increase in commercial paper 252 0
Proceeds from debt 347 493
Repayments of debt (3) (2)
Shares withheld for taxes on vested units – treasury shares (37) (47)
Issuance of common stock from treasury shares 92 104
Payments of deferred and contingent consideration for acquisitions (39) (32)
Distributions of non-controlling interests (6) (1)
Dividends paid (161) (151)
Net cash provided by financing activities 245 64
Investing cash flows:    
Capital expenditures (51) (91)
Net purchases of long-term investments (2) (87)
Proceeds from sales of fixed assets 1 1
Acquisitions (75) (16)
Other, net 1 (1)
Net cash used for investing activities (126) (194)
Effect of exchange rate changes on cash and cash equivalents 6 (201)
Decrease in cash and cash equivalents (456) (854)
Cash and cash equivalents at beginning of period 1,374 1,958
Cash and cash equivalents at end of period $ 918 $ 1,104