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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating cash flows:    
Net income before non-controlling interests $ 2,616 $ 2,367
Adjustments to reconcile net income provided by operations:    
Depreciation and amortization of fixed assets and capitalized software 259 291
Amortization of intangible assets 258 278
Non-cash lease expense 223 241
Adjustments and payments related to contingent consideration assets and liabilities 0 (16)
Deconsolidation of Russian businesses 39 0
Net gain on investments (27) (43)
Net gain on disposition of assets (112) (37)
Share-based compensation expense 283 263
Changes in assets and liabilities:    
Net receivables (745) (604)
Other assets (14) (276)
Accrued compensation and employee benefits (451) (20)
Provision for taxes, net of payments and refunds 156 196
Contributions to pension and other benefit plans in excess of current year credit (306) (282)
Other liabilities 28 (22)
Operating lease liabilities (244) (262)
Net cash provided by operations 1,963 2,074
Financing cash flows:    
Purchase of treasury shares (1,600) (734)
Net proceeds from issuance of commercial paper 600 0
Repayments of debt (14) (512)
Shares withheld for taxes on vested units – treasury shares (194) (99)
Issuance of common stock from treasury shares 89 115
Payments of deferred and contingent consideration for acquisitions (144) (110)
Receipts of contingent consideration for dispositions 3 71
Distributions of non-controlling interests (20) (27)
Dividends paid (840) (750)
Change in fiduciary liabilities 2,148 1,919
Net cash provided by (used for) financing activities 28 (127)
Investing cash flows:    
Capital expenditures (367) (268)
Purchases of long term investments (19) (28)
Sales of long term investments 84 30
Dispositions 138 84
Acquisitions, net of cash and cash held in a fiduciary capacity acquired (213) (384)
Other, net 14 (6)
Net cash used for investing activities (363) (572)
Effect of exchange rate changes on cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity (1,592) (243)
Increase in cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity 36 1,132
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at beginning of period 11,374 10,674
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at end of period 11,410 11,806
Cash and cash equivalents 802 1,398
Cash and cash equivalents held in a fiduciary capacity 10,608 10,408
Total cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity $ 11,410 $ 11,806