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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating cash flows:      
Net income before non-controlling interests $ 3,087 $ 3,174 $ 2,046
Adjustments to reconcile net income to cash provided by operations:      
Depreciation and amortization of fixed assets and capitalized software 381 382 390
Amortization of intangible assets 338 365 351
Non-cash lease expense 404 327 355
Adjustments and payments related to contingent consideration assets and liabilities 11 27 (22)
Deconsolidation of Russian businesses 39 0 0
Gain on consolidation of entity (2) (267) 0
Net (gain) loss on investments (21) (61) 22
Net (gain) loss on disposition of assets (127) (33) 24
Share-based compensation expense 367 348 290
Changes in assets and liabilities:      
Net receivables (492) (570) 412
Other assets (122) (354) 255
Accrued compensation and employee benefits 171 574 171
Provision for taxes, net of payments and refunds (54) (33) 63
Contributions to pension and other benefit plans in excess of current year credit (385) (372) (356)
Other liabilities 193 358 (268)
Operating lease liabilities (323) (349) (351)
Net cash provided by operations 3,465 3,516 3,382
Financing cash flows:      
Purchase of treasury shares (1,950) (1,159) 0
Borrowings from term-loan and credit facilities 0 0 1,000
Proceeds from issuance of debt 984 743 737
Repayments of debt (365) (1,016) (2,515)
Net purchase of non-controlling interests (7) 0 (3)
Shares withheld for taxes on vested units – treasury shares (198) (101) (132)
Issuance of common stock from treasury shares 126 161 132
Payments of deferred and contingent consideration for acquisitions (158) (117) (122)
Receipts of contingent consideration for dispositions 3 71 0
Distributions of non-controlling interests (27) (36) (34)
Dividends paid (1,138) (1,026) (943)
Change in fiduciary liabilities 1,684 1,183 955
Net cash used for financing activities (1,046) (1,297) (925)
Investing cash flows:      
Capital expenditures (470) (406) (348)
Purchases of long term investments (22) (28) (23)
Sales of long term investments 86 41 130
Dispositions 119 84 98
Acquisitions, net of cash and cash held in a fiduciary capacity acquired (572) (859) (647)
Other, net 9 4 (3)
Net cash used for investing activities (850) (1,164) (793)
Effect of exchange rate changes on cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity (841) (355) 511
Increase in cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity 728 700 2,175
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at beginning of year 11,374 10,674 8,499
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at end of year 12,102 11,374 10,674
Cash and cash equivalents 1,442 1,752 2,089
Cash and cash equivalents held in a fiduciary capacity 10,660 9,622 8,585
Total cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity $ 12,102 $ 11,374 $ 10,674