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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 296 $ 463 $ 837
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 176 204 187
Share-based compensation 55 88 76
Deferred income taxes (36) (210) (69)
Unrealized loss (gain) on forward interest rate swaps 17 (89) (30)
Other, net 3 5 1
Changes in operating assets and liabilities:      
Accounts receivable, net 249 (5) (239)
Inventories, net 50 (341) 18
Other assets (25) (48) (23)
Accounts payable (365) 92 96
Accrued liabilities (97) (51) 110
Deferred revenue 12 60 113
Income taxes (168) 108 1
Settlement liability (180) 225 0
Other operating activities 9 (13) (9)
Net cash (used in) provided by operating activities (4) 488 1,069
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired 0 (881) (452)
Purchases of property, plant and equipment (87) (75) (59)
Purchases of short-term investments (4) 0 (1)
Purchases of long-term investments (1) (12) (34)
Net cash used in investing activities (92) (968) (546)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 440 1,284 46
Payments of long term-debt (245) (247) (303)
Payment of debt issuance costs, extinguishment costs and discounts 0 (8) 0
Payments for repurchases of common stock (52) (751) (57)
Net payments related to share-based compensation plans (8) (14) (56)
Change in unremitted cash collections from servicing factored receivables (18) (11) (1)
Net cash provided by (used in) financing activities 117 253 (371)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash 0 0 0
Net increase (decrease) in cash and cash equivalents, including restricted cash 21 (227) 152
Cash and cash equivalents, including restricted cash, at beginning of period 117 344 192
Cash and cash equivalents, including restricted cash, at end of period 138 117 344
Less restricted cash, included in Prepaid expenses and other current assets (1) (12) (12)
Cash and cash equivalents at end of period 137 105 332
Supplemental disclosures of cash flow information:      
Income taxes paid 252 168 199
Interest paid $ 111 $ 58 $ 32