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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 1,667 $ 890
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 302 263
Provision for credit losses 3 18
Deferred income tax (benefit) provision (87) 12
Stock-based compensation expense 60 63
Gain on disposition of joint venture (314) 0
Other, net (48) (60)
Changes in operating assets and liabilities:    
Accounts receivable 45 (355)
Accounts payable and accrued expenses 36 514
Income taxes payable 49 95
Termination of interest rate swap agreements 0 40
Other assets and liabilities, net 39 (16)
Net cash provided by operating activities 1,752 1,464
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (251) (329)
Capital expenditures (259) (256)
Proceeds from disposition of joint venture 755 0
Decrease (increase) in investments and other assets 3 (19)
Net cash provided by (used in) investing activities 248 (604)
Cash flows from financing activities:    
Proceeds from borrowings 0 749
Repayments of debt (2) (1,002)
Purchases of treasury stock (1,910) (75)
Exercise of stock options 108 144
Employee payroll tax withholdings on stock issued under stock-based compensation plans (22) (13)
Dividends paid (232) (222)
Distributions to noncontrolling interest partners (75) (34)
Other financing activities, net (38) 6
Net cash used in financing activities (2,171) (447)
Net change in cash and cash equivalents and restricted cash (171) 413
Cash and cash equivalents and restricted cash, beginning of period 1,158 1,192
Cash and cash equivalents and restricted cash, end of period $ 987 $ 1,605