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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 $ 908 $ 1,015 $ 2,080
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 439 437 408
Provision for credit losses 1 3 4
Deferred income tax provision (49) 1 (57)
Stock-based compensation expense 77 77 79
Gain on disposition of joint venture 0 0 (314)
Other, net 41 66 (54)
Changes in operating assets and liabilities:      
Accounts receivable (15) 246 81
Accounts payable and accrued expenses (55) (149) 35
Income taxes payable (2) (31) (20)
Other assets and liabilities, net (73) 53 (9)
Net cash provided by operating activities 1,272 1,718 2,233
Cash flows from investing activities:      
Business acquisitions, net of cash acquired (611) (144) (331)
Proceeds from disposition of joint venture 0 0 755
Capital expenditures (408) (404) (403)
(Increase) decrease in investments and other assets, net (42) 5 0
Net cash (used in) provided by investing activities (1,061) (543) 21
Cash flows from financing activities:      
Proceeds from borrowings 2,592 0 0
Repayments of debt (1,844) (2) (2)
Purchases of treasury stock (275) (1,408) (2,199)
Exercise of stock options 72 123 129
Employee payroll tax withholdings on stock issued under stock-based compensation plans (28) (28) (22)
Dividends paid (314) (305) (309)
Distributions to noncontrolling interest partners (57) (73) (99)
Other financing activities, net 14 (39) (38)
Net cash provided by (used in) financing activities 160 (1,732) (2,540)
Net change in cash and cash equivalents and restricted cash 371 (557) (286)
Cash and cash equivalents and restricted cash, beginning of year 315 872 1,158
Cash and cash equivalents and restricted cash, end of year $ 686 $ 315 $ 872