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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 837 $ 504 $ 544
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 187 146 175
Amortization of debt issuance costs and discounts 2 3 6
Share-based compensation 76 51 48
Deferred income taxes (69) (40) (42)
Unrealized (gain) loss on forward interest rate swaps (30) 33 19
Other, net (1) 1 (2)
Changes in operating assets and liabilities:      
Accounts receivable, net (239) 130 (96)
Inventories, net 18 (42) 51
Other assets (23) 11 (20)
Accounts payable 96 47 (5)
Accrued liabilities 110 16 (18)
Deferred revenue 113 103 71
Income taxes 1 (5) (31)
Other operating activities (9) 4 (15)
Net cash provided by operating activities 1,069 962 685
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired (452) (548) (262)
Purchases of property, plant and equipment (59) (67) (61)
Proceeds from the sale of long-term investments 0 6 10
Purchases of short-term investments (1) 0 0
Purchases of long-term investments (34) (32) (22)
Net cash used in investing activities (546) (641) (335)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 46 302 637
Payments of long term-debt (303) (342) (949)
Payments of debt extinguishment costs 0 0 (1)
Payments of debt issuance costs and discounts 0 (1) (6)
Payments for repurchases of common stock (57) (200) (47)
Net payments related to share-based compensation plans (56) (25) (32)
Change in unremitted cash collections from servicing factored receivables (1) 109 33
Net cash used in financing activities (371) (157) (365)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash 0 (2) 1
Net increase (decrease) in cash and cash equivalents, including restricted cash 152 162 (14)
Cash and cash equivalents, including restricted cash, at beginning of period 192 30 44
Cash and cash equivalents, including restricted cash, at end of period 344 192 30
Less restricted cash, included in Prepaid expenses and other current assets (12) (24) 0
Cash and cash equivalents at end of period 332 168 30
Supplemental disclosures of cash flow information:      
Income taxes paid 199 107 140
Interest paid $ 32 $ 38 $ 63