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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 1,140 $ 299
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 201 174
Provision for credit losses 2 13
Deferred income tax (benefit) provision (89) 23
Stock-based compensation expense 39 31
Gain on disposition of investment (314) 0
Other, net 1 3
Changes in operating assets and liabilities:    
Accounts receivable 265 (75)
Accounts payable and accrued expenses (199) 42
Income taxes payable 85 51
Termination of interest rate swap agreements 0 40
Other assets and liabilities, net 60 1
Net cash provided by operating activities 1,191 602
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (231) (228)
Capital expenditures (170) (165)
Proceeds from disposition of investment 755 0
Increase in investments and other assets (10) (18)
Net cash provided by (used in) investing activities 344 (411)
Cash flows from financing activities:    
Proceeds from borrowings 0 749
Repayments of debt (1) (1,001)
Purchases of treasury stock (1,910) (75)
Exercise of stock options 68 117
Employee payroll tax withholdings on stock issued under stock-based compensation plans (22) (13)
Dividends paid (156) (146)
Distributions to noncontrolling interest partners (53) (10)
Other financing activities, net (59) (16)
Net cash used in financing activities (2,133) (395)
Net change in cash and cash equivalents and restricted cash (598) (204)
Cash and cash equivalents and restricted cash, beginning of period 1,158 1,192
Cash and cash equivalents and restricted cash, end of period $ 560 $ 988