XML 86 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 906 $ 788 $ 824
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 329 309 270
Provision for doubtful accounts 11 6 8
Deferred income tax provision 15 73 9
Stock-based compensation expense 56 61 79
(Gains) losses on sale of property, plant and equipment (70) 6 2
Other, net (39) 6 (8)
Changes in operating assets and liabilities:      
Accounts receivable (63) (65) 9
Accounts payable and accrued expenses 73 (19) (8)
Income taxes payable 29 4 16
Other assets and liabilities, net (4) 31 (26)
Net cash provided by operating activities 1,243 1,200 1,175
Cash flows from investing activities:      
Business acquisitions, net of cash acquired (58) (421) (581)
Proceeds from disposition of business 0 2 1
Proceeds from disposition of property, plant, and equipment 91 2 1
Capital expenditures (400) (383) (252)
(Increase) decrease in investments and other assets (44) (1) 1
Net cash used in investing activities (411) (801) (830)
Cash flows from financing activities:      
Proceeds from borrowings 2,281 2,090 205
Repayments of debt (1,449) (1,966) (182)
Purchases of treasury stock (353) (322) (465)
Exercise of stock options 119 99 130
Employee payroll tax withholdings on stock issued under stock-based compensation plans (16) (21) (23)
Dividends paid (286) (266) (247)
Distributions to noncontrolling interest partners (54) (54) (51)
Contributions from noncontrolling interest partners 0 16 4
Other financing activities, net (17) 23 37
Net cash provided by (used in) financing activities 225 (401) (592)
Net change in cash and cash equivalents and restricted cash 1,057 (2) (247)
Cash and cash equivalents and restricted cash, beginning of year 135 137 384
Cash and cash equivalents and restricted cash, end of year 1,192 135 137
Cash and cash equivalents and restricted cash, end of year $ 135 $ 137 $ 137