XML 30 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating cash flows:    
Net income before non-controlling interests $ 1,086 $ 998
Adjustments to reconcile net income used for operations:    
Depreciation and amortization of fixed assets and capitalized software 89 97
Amortization of intangible assets 91 100
Non cash lease expense 77 79
Adjustments and payments related to contingent consideration assets and liabilities 10 (1)
Deconsolidation of Russian businesses 39 0
Net gain on investments (26) (11)
Net (gain) loss on disposition of assets (1) 3
Share-based compensation expense 105 78
Changes in assets and liabilities:    
Net receivables (429) (404)
Other assets (117) (116)
Accrued compensation and employee benefits (1,528) (1,167)
Provision for taxes, net of payments and refunds 144 198
Contributions to pension and other benefit plans in excess of current year credit (125) (102)
Other liabilities (33) (78)
Operating lease liabilities (84) (82)
Net cash used for operations (702) (408)
Financing cash flows:    
Purchase of treasury shares (500) (112)
Net proceeds from issuance of commercial paper 825 0
Repayments of debt (4) (4)
Shares withheld for taxes on vested units – treasury shares (134) (93)
Issuance of common stock from treasury shares 34 35
Payments of deferred and contingent consideration for acquisitions (16) (32)
Receipts of contingent consideration for dispositions 3 0
Distributions of non-controlling interests (7) (8)
Dividends paid (272) (237)
Change in fiduciary liabilities 926 190
Net cash provided by (used for) financing activities 855 (261)
Investing cash flows:    
Capital expenditures (122) (69)
Net (purchases) sale of long term investments (8) 4
Dispositions (4) 0
Acquisitions (24) 0
Other, net (1) (2)
Net cash used for investing activities (159) (67)
Effect of exchange rate changes on cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity (136) (36)
Decrease in cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity (142) (772)
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at beginning of period 11,375 10,674
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at end of period 11,233 9,902
Cash and cash equivalents 772 1,120
Cash and cash equivalents held in a fiduciary capacity 10,461 8,782
Total cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity $ 11,233 $ 9,902