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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating cash flows:      
Net income before non-controlling interests $ 1,795 $ 1,636 $ 1,497
Adjustments to reconcile net income to cash provided by operations:      
Depreciation and amortization of fixed assets and capitalized software 308 314 302
Amortization of intangible assets 130 109 86
Adjustments and payments related to contingent consideration liability (33) 11 19
Gain on deconsolidation of entity (11) 0 0
Cost of early extinguishment of debt 0 0 137
Provision for deferred income taxes 68 178 127
Gain on investments 0 (38) (37)
(Gain) Loss on disposition of assets 6 (13) (38)
Share-based compensation expense 109 88 93
Changes in assets and liabilities:      
Net receivables (154) (52) (58)
Other current assets (9) 3 8
Other assets 34 (10) 13
Accounts payable and accrued liabilities 55 (125) 45
Accrued compensation and employee benefits 2 23 167
Accrued income taxes (21) (15) 33
Contributions to pension and other benefit plans in excess of current year expense/credit (279) (231) (152)
Other liabilities (97) (60) (196)
Effect of exchange rate changes 104 70 73
Net cash provided by operations 2,007 1,888 2,119
Financing cash flows:      
Purchase of treasury shares (800) (1,400) (800)
Net increase in commercial paper 50 0 0
Proceeds from debt 347 1,091 1,386
Repayments of debt (12) (61) (331)
Payments for early extinguishment of debt 0 0 (765)
Shares withheld for taxes on vested units – treasury shares (39) (49) (64)
Issuance of common stock from treasury shares 188 224 263
Payments of deferred and contingent consideration for acquisitions (98) (49) (55)
Distributions of non-controlling interests (21) (30) (20)
Dividends paid (682) (632) (582)
Net cash used for financing activities (1,067) (906) (968)
Investing cash flows:      
Capital expenditures (253) (325) (368)
Net (purchases) sales of long-term investments 2 (65) 6
Purchase of equity investment 0 0 (304)
Proceeds from sales of fixed assets 4 2 3
Dispositions 0 71 0
Acquisitions (813) (952) (554)
Other, net 4 4 (5)
Net cash used for investing activities (1,056) (1,265) (1,222)
Effect of exchange rate changes on cash and cash equivalents (232) (301) (274)
Decrease in cash and cash equivalents (348) (584) (345)
Cash and cash equivalents at beginning of year 1,374 1,958 2,303
Cash and cash equivalents at end of year $ 1,026 $ 1,374 $ 1,958