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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income $ 53 $ 168
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39 42
Stock-based compensation expense 21 21
Deferred income taxes 10 (149)
Changes in assets and liabilities:    
Receivables (36) (50)
Inventories 13 3
Current payables and accrued expenses (44) (43)
Deferred revenue 63 66
Other assets and liabilities (9) (48)
Net cash provided by operating activities 110 10
Investing activities    
Expenditures for property and equipment (4) (10)
Additions to capitalized software (1) (2)
Net cash used in investing activities (5) (12)
Financing activities    
Repurchases of common stock (83) (73)
Repayments of long-term borrowings (6) (6)
Payments of finance leases (15) (9)
Other financing activities, net 13 0
Net cash used in financing activities (91) (88)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5) (10)
Increase (decrease) in cash, cash equivalents and restricted cash 9 (100)
Cash, cash equivalents and restricted cash at beginning of period 533 496
Cash, cash equivalents and restricted cash at end of period 542 396
Supplemental cash flow disclosure:    
Assets acquired under operating lease 2 3
Assets acquired under finance lease 45 15
Annual variable incentive payout settled in equity 17 0
Total cash, cash equivalents and restricted cash $ 542 $ 396