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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating cash flows:      
Net income before non-controlling interests $ 1,670 $ 1,512 $ 1,795
Adjustments to reconcile net income to cash provided by operations:      
Depreciation and amortization of fixed assets and capitalized software 311 312 308
Amortization of intangible assets 183 169 130
Adjustments and payments related to contingent consideration liability (4) (24) (33)
Loss (gain) on deconsolidation of entity 11 0 (11)
(Benefit) Provision for deferred income taxes (39) 396 68
Loss (Gain) on investments 12 (15) 0
(Gain) Loss on disposition of assets (48) 10 6
Share-based compensation expense 193 149 109
Change in fair value of acquisition-related derivative contracts 441 0 0
Changes in assets and liabilities:      
Net receivables (78) (454) (154)
Other current assets 26 (3) (9)
Other assets (37) (199) 34
Accounts payable and accrued liabilities 23 87 55
Accrued compensation and employee benefits 68 63 2
Accrued income taxes (40) 37 (21)
Contributions to pension and other benefit plans in excess of current year expense/credit (291) (457) (279)
Other liabilities 9 406 (97)
Effect of exchange rate changes 18 (96) 104
Net cash provided by operations 2,428 1,893 2,007
Financing cash flows:      
Purchase of treasury shares (675) (900) (800)
Net increase in commercial paper 0 0 50
Proceeds from issuance of debt 591 987 347
Repayments of debt (263) (315) (12)
Payment of bridge loan fees (35) 0 0
Shares withheld for taxes on vested units – treasury shares (67) (49) (39)
Issuance of common stock from treasury shares 93 166 188
Payments of deferred and contingent consideration for acquisitions (117) (136) (98)
Distributions of non-controlling interests (30) (22) (21)
Dividends paid (807) (740) (682)
Net cash used for financing activities (1,310) (1,009) (1,067)
Investing cash flows:      
Capital expenditures (314) (302) (253)
Net sales (purchases) of long-term investments 4 (13) 2
Proceeds from sales of fixed assets 3 8 4
Dispositions 110 0 0
Acquisitions (884) (655) (813)
Other, net (8) 6 4
Net cash used for investing activities (1,089) (956) (1,056)
Effect of exchange rate changes on cash and cash equivalents (168) 251 (232)
(Decrease) Increase in cash and cash equivalents (139) 179 (348)
Cash and cash equivalents at beginning of year 1,205 1,026 1,374
Cash and cash equivalents at end of year $ 1,066 $ 1,205 $ 1,026