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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating cash flows:      
Net income before non-controlling interests $ 1,773 $ 1,670 $ 1,512
Adjustments to reconcile net income to cash provided by operations:      
Depreciation and amortization of fixed assets and capitalized software 333 311 312
Amortization of intangible assets 314 183 169
Non cash lease expense 315 0 0
Adjustments and payments related to contingent consideration liability 27 (4) (24)
Loss on deconsolidation of entity 0 11 0
Charge for early extinguishment of debt 32 0 0
Provision (Benefit) for deferred income taxes 84 (39) 396
(Gain) loss on investments (22) 12 (15)
Loss (gain) on disposition of assets 56 (48) 10
Share-based compensation expense 252 193 149
Change in fair value of acquisition-related derivative contracts 8 441 0
Changes in assets and liabilities:      
Net receivables (130) (78) (454)
Other current assets (13) 26 (3)
Other assets (1) (37) (199)
Accounts payable and accrued liabilities 120 23 87
Accrued compensation and employee benefits 154 68 63
Accrued income taxes 42 (40) 37
Contributions to pension and other benefit plans in excess of current year expense/credit (369) (291) (457)
Other liabilities (172) 9 406
Operating lease liabilities (327) 0 0
Effect of exchange rate changes (115) 18 (96)
Net cash provided by operations 2,361 2,428 1,893
Financing cash flows:      
Purchase of treasury shares (485) (675) (900)
Net increase in short term borrowings 300 0 0
Proceeds from issuance of debt 6,459 591 987
Repayments of debt (1,064) (263) (315)
Payment of bridge loan fees 0 (35) 0
Payments for early extinguishment of debt (585) 0 0
Purchase of non-controlling interests (80) 0 0
Acquisition-related derivative payments (337) 0 0
Shares withheld for taxes on vested units – treasury shares (89) (67) (49)
Issuance of common stock from treasury shares 158 93 166
Payments of deferred and contingent consideration for acquisitions (65) (117) (136)
Distributions of non-controlling interests (16) (30) (22)
Dividends paid (890) (807) (740)
Net cash provided by (used for) financing activities 3,306 (1,310) (1,009)
Investing cash flows:      
Capital expenditures (421) (314) (302)
Net sales (purchases) of long-term investments 183 4 (13)
Purchase of equity investment (91) 0 0
Proceeds from sales of fixed assets 10 3 8
Dispositions 229 110 0
Acquisitions (5,505) (884) (655)
Other, net (76) (8) 6
Net cash used for investing activities (5,671) (1,089) (956)
Effect of exchange rate changes on cash and cash equivalents 93 (168) 251
increase (Decrease) in cash and cash equivalents 89 (139) 179
Cash and cash equivalents at beginning of year 1,066 1,205 1,026
Cash and cash equivalents at end of year $ 1,155 $ 1,066 $ 1,205