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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating cash flows:    
Net income before non-controlling interests $ 1,232 $ 1,085
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization of fixed assets and capitalized software 159 156
Amortization of intangible assets 88 80
Adjustments and payments related to contingent consideration liability 2 (13)
Provision for deferred income taxes 34 42
(Gain) loss on investments (28) (5)
(Gain) loss on disposition of assets (1) 9
Share-based compensation expense 99 75
Changes in assets and liabilities:    
Net receivables (388) (318)
Other current assets 4 (18)
Other assets (10) (34)
Accounts payable and accrued liabilities 30 52
Accrued compensation and employee benefits (614) (579)
Accrued income taxes 18 45
Contributions to pension and other benefit plans in excess of current year expense/credit (178) (214)
Other liabilities (10) 9
Effect of exchange rate changes (24) (29)
Net cash provided by operations 413 343
Financing cash flows:    
Purchase of treasury shares (500) (400)
Net increase in commercial paper 175 100
Proceeds from issuance of debt 592 987
Repayments of debt (6) (256)
Shares withheld for taxes on vested units – treasury shares (62) (48)
Issuance of common stock from treasury shares 48 94
Payments of deferred and contingent consideration for acquisitions (85) (97)
Distributions of non-controlling interests (11) (13)
Dividends paid (383) (351)
Net cash (used for) provided by financing activities (232) 16
Investing cash flows:    
Capital expenditures (135) (144)
Net (purchases) sales of long-term investments (3) 12
Proceeds from sales of fixed assets 1 4
Dispositions 4 0
Acquisitions (144) (412)
Other, net (2) 2
Net cash used for investing activities (279) (538)
Effect of exchange rate changes on cash and cash equivalents (71) 119
Decrease in cash and cash equivalents (169) (60)
Cash and cash equivalents at beginning of period 1,205 1,026
Cash and cash equivalents at end of period $ 1,036 $ 966