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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 373 $ 490
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 106 101
Provision for credit losses 0 2
Deferred income tax benefit (43) (17)
Stock-based compensation expense 18 18
Other, net 4 (2)
Changes in operating assets and liabilities:    
Accounts receivable 72 138
Accounts payable and accrued expenses (165) (164)
Income taxes payable 95 163
Other assets and liabilities, net 20 2
Net cash provided by operating activities 480 731
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (105) 0
Capital expenditures (63) (86)
Increase in investments and other assets (1) (7)
Net cash used in investing activities (169) (93)
Cash flows from financing activities:    
Repayments of debt (1) (1)
Purchases of treasury stock (373) (410)
Exercise of stock options 10 17
Employee payroll tax withholdings on stock issued under stock-based compensation plans (27) (21)
Dividends paid (74) (75)
Distributions to noncontrolling interest partners (20) (29)
Other financing activities, net 14 (47)
Net cash used in financing activities (471) (566)
Net change in cash and cash equivalents and restricted cash (160) 72
Cash and cash equivalents and restricted cash, beginning of period 872 1,158
Cash and cash equivalents and restricted cash, end of period $ 712 $ 1,230