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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating cash flows:      
Net income before non-controlling interests $ 2,046 $ 1,773 $ 1,670
Adjustments to reconcile net income to cash provided by operations:      
Depreciation and amortization of fixed assets and capitalized software 390 333 311
Amortization of intangible assets 351 314 183
Non cash lease expense 355 315 0
Adjustments and payments related to contingent consideration liability (22) 27 (4)
Loss on deconsolidation of entity 0 0 11
Charge for early extinguishment of debt 0 32 0
Provision (benefit) for deferred income taxes 40 84 (39)
Loss (gain) on investments 22 (22) 12
Loss (gain) on disposition of assets 24 56 (48)
Share-based compensation expense 290 252 193
Change in fair value of acquisition-related derivative contracts 0 8 441
Changes in assets and liabilities:      
Net receivables (75) (130) (78)
Other current assets (66) (13) 26
Other assets 86 (1) (37)
Accounts payable and accrued liabilities 241 120 23
Accrued compensation and employee benefits 207 154 68
Accrued income taxes 60 42 (40)
Contributions to pension and other benefit plans and current year credit (356) (369) (291)
Other liabilities 108 (172) 9
Operating lease liabilities (351) (327) 0
Effect of exchange rate changes 32 (115) 18
Net cash provided by operations 3,382 2,361 2,428
Financing cash flows:      
Purchase of treasury shares 0 (485) (675)
Net increase in short term borrowings 1,000 300 0
Proceeds from issuance of debt 737 6,459 591
Repayments of debt (2,515) (1,064) (263)
Payment of bridge loan fees 0 0 (35)
Payments for early extinguishment of debt 0 (585) 0
Purchase of non-controlling interests (3) (80) 0
Acquisition-related derivative payments 0 (337) 0
Shares withheld for taxes on vested units – treasury shares (132) (89) (67)
Issuance of common stock from treasury shares 132 158 93
Payments of deferred and contingent consideration for acquisitions (122) (65) (117)
Distributions of non-controlling interests (34) (16) (30)
Dividends paid (943) (890) (807)
Net cash (used for) provided by financing activities (1,880) 3,306 (1,310)
Investing cash flows:      
Capital expenditures (348) (421) (314)
Net sales (purchases) of long-term investments 107 183 4
Purchase of equity investment 0 (91) 0
Proceeds from sales of fixed assets 6 10 3
Dispositions 98 229 110
Acquisitions (668) (5,505) (884)
Other, net (9) (76) (8)
Net cash used for investing activities (814) (5,671) (1,089)
Effect of exchange rate changes on cash and cash equivalents 246 93 (168)
Increase (decrease) in cash and cash equivalents 934 89 (139)
Cash and cash equivalents at beginning of year 1,155 1,066 1,205
Cash and cash equivalents at end of year $ 2,089 $ 1,155 $ 1,066