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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating cash flows:    
Net income before non-controlling interests $ 1,085 $ 970
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization of fixed assets and capitalized software 156 154
Amortization of intangible assets 80 67
Adjustments and payments related to contingent consideration liability (13) (8)
Gain on deconsolidation of subsidiary 0 (12)
Provision for deferred income taxes 42 48
(Gain) loss on investments (5) 2
Loss on disposition of assets 9 3
Share-based compensation expense 75 58
Changes in assets and liabilities:    
Net receivables (318) (280)
Other current assets (18) (37)
Other assets (34) (1)
Accounts payable and accrued liabilities 52 (24)
Accrued compensation and employee benefits (579) (645)
Accrued income taxes 45 35
Contributions to pension and other benefit plans in excess of current year expense/credit (214) (139)
Other liabilities 9 (10)
Effect of exchange rate changes (29) 48
Net cash provided by operations 343 229
Financing cash flows:    
Purchase of treasury shares (400) (410)
Net increase in commercial paper 100 0
Proceeds from debt 987 347
Repayments of debt (256) (6)
Shares withheld for taxes on vested units – treasury shares (48) (38)
Issuance of common stock from treasury shares 94 131
Payments of deferred and contingent consideration for acquisitions (97) (63)
Distributions of non-controlling interests (13) (11)
Dividends paid (351) (326)
Net cash provided by (used for) financing activities 16 (376)
Investing cash flows:    
Capital expenditures (144) (114)
Net sales (purchases) of long-term investments 12 (4)
Proceeds from sales of fixed assets 4 1
Acquisitions (412) (77)
Other, net 2 4
Net cash used for investing activities (538) (190)
Effect of exchange rate changes on cash and cash equivalents 119 (63)
Decrease in cash and cash equivalents (60) (400)
Cash and cash equivalents at beginning of period 1,026 1,374
Cash and cash equivalents at end of period $ 966 $ 974