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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating cash flows:    
Net income before non-controlling interests $ 970 $ 924
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization of fixed assets and capitalized software 154 156
Amortization of intangible assets 67 48
Adjustments and payments related to contingent consideration liability (8) 0
Gain on deconsolidation of subsidiary (12) 0
Provision for deferred income taxes 48 90
Loss (gain) on investments 2 (2)
Loss on disposition of assets 3 1
Share-based compensation expense 58 46
Changes in assets and liabilities:    
Net receivables (280) (274)
Other current assets (37) (6)
Other assets (1) (15)
Accounts payable and accrued liabilities (24) (75)
Accrued compensation and employee benefits (645) (659)
Accrued income taxes 35 37
Contributions to pension and other benefit plans in excess of current year expense/credit (139) (149)
Other liabilities (10) (59)
Effect of exchange rate changes 48 49
Net cash provided by operations 229 112
Financing cash flows:    
Purchase of treasury shares (410) (775)
Net increase in commercial paper 0 50
Proceeds from debt 347 494
Repayments of debt (6) (5)
Shares withheld for taxes on vested units – treasury shares (38) (48)
Issuance of common stock from treasury shares 131 147
Payments of deferred and contingent consideration for acquisitions (63) (40)
Distributions of non-controlling interests (11) (15)
Dividends paid (326) (302)
Net cash used for financing activities (376) (494)
Investing cash flows:    
Capital expenditures (114) (176)
Net purchases of long-term investments (4) (90)
Proceeds from sales of fixed assets 1 1
Acquisitions (77) (260)
Other, net 4 (3)
Net cash used for investing activities (190) (528)
Effect of exchange rate changes on cash and cash equivalents (63) (118)
Decrease in cash and cash equivalents (400) (1,028)
Cash and cash equivalents at beginning of period 1,374 1,958
Cash and cash equivalents at end of period $ 974 $ 930