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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income (loss) $ 22 $ 88
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 212 176
Stock-based compensation expense 81 45
Deferred income taxes 26 (30)
Impairment of other assets 0 4
Gain on sale of property, plant and equipment 0 (2)
Changes in assets and liabilities, net of effects of business acquired:    
Receivables (78) 253
Inventories (81) (14)
Current payables and accrued expenses 134 (230)
Contract liabilities 43 56
Employee benefit plans (21) (3)
Other assets and liabilities (28) (60)
Net cash provided by operating activities 310 283
Investing activities    
Expenditures for property, plant and equipment (30) (18)
Proceeds from sale of property, plant and equipment 0 7
Additions to capitalized software (110) (122)
Business acquisitions, net of cash acquired (2,464) (25)
Purchases of investments (13) (6)
Proceeds from sales of investments 14 11
Payments for (Proceeds from) Other Investing Activities 6 1
Net Cash Provided by (Used in) Investing Activities (2,609) (154)
Financing activities    
Short term borrowings, net 0 0
Payments on term credit facilities (105) (4)
Payments on revolving credit facilities (685) (666)
Proceeds from Issuance of Secured Debt 1,505 3
Borrowings on revolving credit facilities 809 1,404
Proceeds from Issuance of Unsecured Debt 1,200 400
Payments of Debt Issuance Costs (51) (8)
Series A Convertible Preferred Stock cash payments (8) (6)
Repurchases of Common Stock 0 (41)
Proceeds from employee stock plans 18 9
Tax withholding payments on behalf of employees (25) (25)
Increase (Decrease) in Client Funds Held (8) (3)
Finance Lease, Principal Payments (8) (3)
Proceeds from (Payments for) Other Financing Activities (1) (3)
Net Cash Provided by (Used in) Financing Activities 2,641 1,057
Cash flows from discontinued operations    
Net cash provided by (used in) discontinued operations (47) 6
Effect of exchange rate changes on cash, cash equivalents and restricted cash (4) (16)
Increase in cash, cash equivalents, and restricted cash 291 1,176
Cash, cash equivalents and restricted cash at beginning of period 406 563
Cash, cash equivalents and restricted cash at end of period $ 697 $ 1,739