false--12-31Q320190001058290780000001040000000.010.0110000000001000000000577000000550000000577000000550000000P1Yus-gaap:AccruedLiabilitiesAndOtherLiabilitiesus-gaap:OtherLiabilitiesNoncurrentus-gaap:PropertyPlantAndEquipmentNet0.100.10150000001500000000<div>Text selection found with no content.<br></div> 0001058290 2019-01-01 2019-09-30 0001058290 2019-10-25 0001058290 2018-12-31 0001058290 2019-09-30 0001058290 2018-01-01 2018-09-30 0001058290 2018-07-01 2018-09-30 0001058290 2019-07-01 2019-09-30 0001058290 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0001058290 us-gaap:RetainedEarningsMember 2018-03-31 0001058290 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001058290 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0001058290 2017-12-31 0001058290 2018-04-01 2018-06-30 0001058290 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001058290 us-gaap:CommonStockMember 2018-09-30 0001058290 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0001058290 2018-01-01 2018-03-31 0001058290 2018-06-30 0001058290 us-gaap:CommonStockMember 2018-01-01 2018-03-31 0001058290 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001058290 2018-09-30 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001058290 us-gaap:CommonStockMember 2018-06-30 0001058290 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001058290 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001058290 us-gaap:CommonStockMember 2017-12-31 0001058290 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0001058290 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0001058290 2018-03-31 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0001058290 us-gaap:RetainedEarningsMember 2017-12-31 0001058290 us-gaap:CommonStockMember 2018-03-31 0001058290 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0001058290 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0001058290 us-gaap:RetainedEarningsMember 2018-06-30 0001058290 us-gaap:RetainedEarningsMember 2018-09-30 0001058290 2019-01-01 2019-03-31 0001058290 us-gaap:RetainedEarningsMember 2019-09-30 0001058290 2019-03-31 0001058290 2019-04-01 2019-06-30 0001058290 us-gaap:CommonStockMember 2018-12-31 0001058290 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001058290 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0001058290 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0001058290 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001058290 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001058290 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001058290 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001058290 us-gaap:RetainedEarningsMember 2019-03-31 0001058290 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001058290 us-gaap:CommonStockMember 2019-09-30 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001058290 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001058290 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001058290 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001058290 us-gaap:RetainedEarningsMember 2018-12-31 0001058290 us-gaap:CommonStockMember 2019-03-31 0001058290 us-gaap:RetainedEarningsMember 2019-06-30 0001058290 2019-06-30 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001058290 us-gaap:CommonStockMember 2019-06-30 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0001058290 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001058290 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:HealthcareSegmentMember 2019-01-01 2019-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 srt:EuropeMember ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:CommunicationMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 country:GB ctsh:CommunicationMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 country:GB ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 us-gaap:FixedPriceContractMember 2019-07-01 2019-09-30 0001058290 srt:NorthAmericaMember ctsh:HealthcareSegmentMember 2019-01-01 2019-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:CommunicationMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 ctsh:HealthcareSegmentMember 2019-07-01 2019-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 srt:EuropeMember ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:HealthcareSegmentMember 2019-07-01 2019-09-30 0001058290 srt:NorthAmericaMember ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 country:GB ctsh:CommunicationMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 country:GB ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 ctsh:OtherRegionsMember ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:HealthcareSegmentMember 2019-01-01 2019-09-30 0001058290 ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:HealthcareSegmentMember 2019-01-01 2019-09-30 0001058290 srt:EuropeMember 2019-07-01 2019-09-30 0001058290 srt:EuropeMember ctsh:HealthcareSegmentMember 2019-01-01 2019-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 ctsh:OtherRegionsMember ctsh:CommunicationMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 srt:NorthAmericaMember ctsh:CommunicationMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:CommunicationMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 ctsh:HealthcareSegmentMember 2019-01-01 2019-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:HealthcareSegmentMember 2019-07-01 2019-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember 2019-01-01 2019-09-30 0001058290 ctsh:CommunicationMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:CommunicationMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 srt:NorthAmericaMember ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 country:GB ctsh:HealthcareSegmentMember 2019-01-01 2019-09-30 0001058290 us-gaap:FixedPriceContractMember 2019-01-01 2019-09-30 0001058290 ctsh:CommunicationMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 srt:EuropeMember ctsh:CommunicationMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 srt:EuropeMember ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:CommunicationMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember 2019-07-01 2019-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember 2019-07-01 2019-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:HealthcareSegmentMember 2019-01-01 2019-09-30 0001058290 ctsh:OtherRegionsMember ctsh:HealthcareSegmentMember 2019-01-01 2019-09-30 0001058290 srt:NorthAmericaMember 2019-07-01 2019-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 srt:EuropeMember 2019-01-01 2019-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:HealthcareSegmentMember 2019-07-01 2019-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 ctsh:OtherRegionsMember ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:HealthcareSegmentMember 2019-01-01 2019-09-30 0001058290 ctsh:OutsourcingServicesMember 2019-07-01 2019-09-30 0001058290 ctsh:OtherRegionsMember ctsh:CommunicationMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:HealthcareSegmentMember 2019-07-01 2019-09-30 0001058290 srt:NorthAmericaMember ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 srt:NorthAmericaMember 2019-01-01 2019-09-30 0001058290 ctsh:OtherRegionsMember 2019-01-01 2019-09-30 0001058290 ctsh:OtherRegionsMember ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 country:GB ctsh:HealthcareSegmentMember 2019-07-01 2019-09-30 0001058290 country:GB 2019-01-01 2019-09-30 0001058290 ctsh:OtherRegionsMember 2019-07-01 2019-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 country:GB ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 srt:EuropeMember ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 srt:EuropeMember ctsh:CommunicationMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:CommunicationMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:CommunicationMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:CommunicationMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember 2019-01-01 2019-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:HealthcareSegmentMember 2019-07-01 2019-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:HealthcareSegmentMember 2019-01-01 2019-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:CommunicationMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 srt:NorthAmericaMember ctsh:CommunicationMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 ctsh:OtherRegionsMember ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 country:GB 2019-07-01 2019-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:CommunicationMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 srt:EuropeMember ctsh:HealthcareSegmentMember 2019-07-01 2019-09-30 0001058290 country:GB ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:CommunicationMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:CommunicationMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 srt:NorthAmericaMember ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 ctsh:OutsourcingServicesMember 2019-01-01 2019-09-30 0001058290 ctsh:OtherRegionsMember ctsh:HealthcareSegmentMember 2019-07-01 2019-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:HealthcareSegmentMember 2019-07-01 2019-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember 2019-07-01 2019-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember 2019-07-01 2019-09-30 0001058290 srt:NorthAmericaMember ctsh:HealthcareSegmentMember 2019-07-01 2019-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember 2019-01-01 2019-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember 2019-01-01 2019-09-30 0001058290 2019-09-01 2019-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:CommunicationMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 srt:NorthAmericaMember ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 ctsh:HealthcareSegmentMember 2018-07-01 2018-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:CommunicationMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 ctsh:OtherRegionsMember ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember 2018-01-01 2018-09-30 0001058290 ctsh:OutsourcingServicesMember 2018-07-01 2018-09-30 0001058290 srt:NorthAmericaMember 2018-01-01 2018-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:HealthcareSegmentMember 2018-07-01 2018-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:CommunicationMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:CommunicationMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember 2018-01-01 2018-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:CommunicationMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember 2018-07-01 2018-09-30 0001058290 country:GB 2018-01-01 2018-09-30 0001058290 country:GB ctsh:HealthcareSegmentMember 2018-07-01 2018-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 srt:EuropeMember ctsh:CommunicationMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 ctsh:OtherRegionsMember ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 srt:NorthAmericaMember ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 country:GB ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 country:GB 2018-07-01 2018-09-30 0001058290 srt:EuropeMember ctsh:HealthcareSegmentMember 2018-01-01 2018-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:HealthcareSegmentMember 2018-01-01 2018-09-30 0001058290 ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 srt:EuropeMember ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember 2018-07-01 2018-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember 2018-01-01 2018-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 srt:EuropeMember ctsh:CommunicationMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:CommunicationMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:HealthcareSegmentMember 2018-07-01 2018-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 country:GB ctsh:CommunicationMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:CommunicationMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:HealthcareSegmentMember 2018-01-01 2018-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:CommunicationMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 country:GB ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:HealthcareSegmentMember 2018-01-01 2018-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:HealthcareSegmentMember 2018-01-01 2018-09-30 0001058290 ctsh:CommunicationMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 ctsh:OtherRegionsMember ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 ctsh:OutsourcingServicesMember 2018-01-01 2018-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:HealthcareSegmentMember 2018-07-01 2018-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember 2018-07-01 2018-09-30 0001058290 ctsh:HealthcareSegmentMember 2018-01-01 2018-09-30 0001058290 country:GB ctsh:CommunicationMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 srt:NorthAmericaMember ctsh:HealthcareSegmentMember 2018-07-01 2018-09-30 0001058290 srt:EuropeMember 2018-07-01 2018-09-30 0001058290 srt:EuropeMember ctsh:HealthcareSegmentMember 2018-07-01 2018-09-30 0001058290 srt:EuropeMember ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 srt:NorthAmericaMember ctsh:CommunicationMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember 2018-01-01 2018-09-30 0001058290 srt:EuropeMember 2018-01-01 2018-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:HealthcareSegmentMember 2018-01-01 2018-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:CommunicationMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 ctsh:OtherRegionsMember ctsh:HealthcareSegmentMember 2018-07-01 2018-09-30 0001058290 srt:EuropeMember ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 country:GB ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 ctsh:OtherRegionsMember ctsh:CommunicationMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 ctsh:CommunicationMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:HealthcareSegmentMember 2018-07-01 2018-09-30 0001058290 us-gaap:TimeAndMaterialsContractMember ctsh:CommunicationMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 ctsh:OtherRegionsMember ctsh:CommunicationMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 srt:NorthAmericaMember ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 us-gaap:FixedPriceContractMember ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 srt:NorthAmericaMember 2018-07-01 2018-09-30 0001058290 ctsh:OtherRegionsMember 2018-01-01 2018-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember 2018-07-01 2018-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:HealthcareSegmentMember 2018-01-01 2018-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 country:GB ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 srt:EuropeMember ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 ctsh:OtherRegionsMember ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 srt:NorthAmericaMember ctsh:CommunicationMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 ctsh:OtherRegionsMember 2018-07-01 2018-09-30 0001058290 srt:NorthAmericaMember ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:CommunicationMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 us-gaap:FixedPriceContractMember 2018-01-01 2018-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 ctsh:TransactionOrVolumeBasedMember ctsh:HealthcareSegmentMember 2018-07-01 2018-09-30 0001058290 srt:NorthAmericaMember ctsh:HealthcareSegmentMember 2018-01-01 2018-09-30 0001058290 ctsh:OutsourcingServicesMember ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 ctsh:EuropeexcludingUnitedKingdomMember ctsh:CommunicationMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 ctsh:OtherRegionsMember ctsh:HealthcareSegmentMember 2018-01-01 2018-09-30 0001058290 country:GB ctsh:HealthcareSegmentMember 2018-01-01 2018-09-30 0001058290 us-gaap:FixedPriceContractMember 2018-07-01 2018-09-30 0001058290 ctsh:ConsultingAndTechnologyServicesMember ctsh:HealthcareSegmentMember 2018-07-01 2018-09-30 0001058290 us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember us-gaap:CustomerRelationshipsMember 2019-01-01 2019-09-30 0001058290 us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember 2019-09-30 0001058290 us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember us-gaap:OtherIntangibleAssetsMember 2019-09-30 0001058290 us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember us-gaap:OtherIntangibleAssetsMember 2019-01-01 2019-09-30 0001058290 us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember us-gaap:CustomerRelationshipsMember 2019-09-30 0001058290 us-gaap:EmployeeSeveranceMember 2018-07-01 2018-09-30 0001058290 us-gaap:OtherRestructuringMember 2019-07-01 2019-09-30 0001058290 us-gaap:EmployeeSeveranceMember 2018-01-01 2018-09-30 0001058290 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2018-01-01 2018-09-30 0001058290 ctsh:EmployeeRetentionCostsMember 2019-07-01 2019-09-30 0001058290 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2018-07-01 2018-09-30 0001058290 us-gaap:SpecialTerminationBenefitsMember 2018-01-01 2018-09-30 0001058290 us-gaap:EmployeeSeveranceMember 2019-01-01 2019-09-30 0001058290 us-gaap:SpecialTerminationBenefitsMember 2019-07-01 2019-09-30 0001058290 ctsh:EmployeeRetentionCostsMember 2018-01-01 2018-09-30 0001058290 ctsh:EmployeeRetentionCostsMember 2018-07-01 2018-09-30 0001058290 us-gaap:OtherRestructuringMember 2018-07-01 2018-09-30 0001058290 us-gaap:OtherRestructuringMember 2019-01-01 2019-09-30 0001058290 ctsh:EmployeeRetentionCostsMember 2019-01-01 2019-09-30 0001058290 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-01-01 2019-09-30 0001058290 us-gaap:SpecialTerminationBenefitsMember 2019-01-01 2019-09-30 0001058290 us-gaap:EmployeeSeveranceMember 2019-07-01 2019-09-30 0001058290 us-gaap:OtherRestructuringMember 2018-01-01 2018-09-30 0001058290 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-07-01 2019-09-30 0001058290 us-gaap:SpecialTerminationBenefitsMember 2018-07-01 2018-09-30 0001058290 us-gaap:EmployeeSeveranceMember 2018-12-31 0001058290 us-gaap:EmployeeSeveranceMember 2019-09-30 0001058290 us-gaap:MunicipalBondsMember 2018-12-31 0001058290 ctsh:CertificatesofdepositandcommercialpaperMember 2018-12-31 0001058290 us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0001058290 us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001058290 ctsh:CorporateAndOtherDebtSecuritiesMember 2018-12-31 0001058290 us-gaap:CommercialPaperMember 2018-12-31 0001058290 us-gaap:AvailableforsaleSecuritiesMember 2019-01-01 2019-09-30 0001058290 us-gaap:HeldtomaturitySecuritiesMember 2019-01-01 2019-09-30 0001058290 us-gaap:ShortTermInvestmentsMember 2019-09-30 0001058290 ctsh:CorporateAndOtherDebtSecuritiesMember us-gaap:ShortTermInvestmentsMember 2019-09-30 0001058290 us-gaap:CommercialPaperMember us-gaap:ShortTermInvestmentsMember 2019-09-30 0001058290 ctsh:CorporateAndOtherDebtSecuritiesMember ctsh:LongterminvestmentsMember 2019-09-30 0001058290 ctsh:CorporateAndOtherDebtSecuritiesMember ctsh:LongterminvestmentsMember 2018-12-31 0001058290 us-gaap:CommercialPaperMember us-gaap:ShortTermInvestmentsMember 2018-12-31 0001058290 ctsh:CorporateAndOtherDebtSecuritiesMember us-gaap:ShortTermInvestmentsMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember 2018-12-31 0001058290 ctsh:CorporateAndOtherDebtSecuritiesMember 2019-09-30 0001058290 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0001058290 srt:MinimumMember 2019-09-30 0001058290 srt:MaximumMember 2019-09-30 0001058290 ctsh:WorkingCapitalFacilityMember 2019-09-30 0001058290 us-gaap:LoansPayableMember 2018-11-30 0001058290 us-gaap:RevolvingCreditFacilityMember 2018-11-30 0001058290 us-gaap:LoansPayableMember 2018-12-31 0001058290 us-gaap:LoansPayableMember 2019-09-30 0001058290 ctsh:WorkingCapitalFacilityMember 2019-01-01 2019-09-30 0001058290 us-gaap:ForeignCountryMember us-gaap:MinistryOfFinanceIndiaMember 2018-12-31 0001058290 ctsh:A2016IndiaShareRepurchaseMember us-gaap:ForeignCountryMember us-gaap:MinistryOfFinanceIndiaMember 2018-03-01 2018-03-31 0001058290 us-gaap:ForeignCountryMember us-gaap:MinistryOfFinanceIndiaMember 2019-09-30 0001058290 ctsh:A2016IndiaShareRepurchaseMember us-gaap:ForeignCountryMember us-gaap:MinistryOfFinanceIndiaMember 2019-09-30 0001058290 ctsh:A2016IndiaShareRepurchaseMember us-gaap:ForeignCountryMember us-gaap:MinistryOfFinanceIndiaMember 2016-01-01 2016-12-31 0001058290 ctsh:A2013IndiaShareRepurchaseMember us-gaap:ForeignCountryMember us-gaap:MinistryOfFinanceIndiaMember 2013-01-01 2013-12-31 0001058290 us-gaap:ForeignCountryMember us-gaap:MinistryOfFinanceIndiaMember 2018-04-30 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-01-01 2018-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-01-01 2019-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-30 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-01-01 2018-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2018-01-01 2018-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2018-01-01 2018-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2019-01-01 2019-09-30 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember us-gaap:ForeignCurrencyGainLossMember 2018-01-01 2018-09-30 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember us-gaap:ForeignCurrencyGainLossMember 2019-01-01 2019-09-30 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember us-gaap:ForeignCurrencyGainLossMember 2019-07-01 2019-09-30 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember us-gaap:ForeignCurrencyGainLossMember 2018-07-01 2018-09-30 0001058290 us-gaap:ForeignExchangeForwardMember 2018-12-31 0001058290 ctsh:ForeignExchangeForwardMaturity2020Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001058290 ctsh:ForeignExchangeForwardMaturity2019Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001058290 ctsh:ForeignExchangeForwardMaturity2020Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001058290 ctsh:ForeignExchangeForwardMaturity2021Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001058290 ctsh:ForeignExchangeForwardMaturity2019Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001058290 ctsh:ForeignExchangeForwardMaturity2021Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001058290 us-gaap:ForeignExchangeForwardMember 2019-09-30 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2018-12-31 0001058290 us-gaap:OtherNoncurrentAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-09-30 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2018-12-31 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2018-12-31 0001058290 us-gaap:OtherNoncurrentAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-09-30 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-09-30 0001058290 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001058290 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-07-01 2019-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2018-07-01 2018-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-07-01 2019-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-07-01 2018-09-30 0001058290 us-gaap:ForeignExchangeForwardMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-07-01 2018-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2018-07-01 2018-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2019-07-01 2019-09-30 0001058290 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-07-01 2019-09-30 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:CashEquivalentsMember us-gaap:MoneyMarketFundsMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherNoncurrentAssetsMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:CashEquivalentsMember us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherNoncurrentAssetsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherNoncurrentAssetsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherNoncurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MunicipalBondsMember 2018-12-31 0001058290 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:CashEquivalentsMember us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MunicipalBondsMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember ctsh:CertificatesofdepositandcommercialpaperMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember ctsh:CorporateAndOtherDebtSecuritiesMember 2018-12-31 0001058290 us-gaap:CashEquivalentsMember us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:CashEquivalentsMember us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember ctsh:CertificatesofdepositandcommercialpaperMember 2018-12-31 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0001058290 us-gaap:OtherNoncurrentAssetsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:CashEquivalentsMember us-gaap:CommercialPaperMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:CashEquivalentsMember ctsh:BankDepositsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 ctsh:AccruedExpensesAndOtherCurrentLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember ctsh:CorporateAndOtherDebtSecuritiesMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember ctsh:CorporateAndOtherDebtSecuritiesMember 2018-12-31 0001058290 us-gaap:CashEquivalentsMember us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0001058290 us-gaap:OtherNoncurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember ctsh:CertificatesofdepositandcommercialpaperMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001058290 us-gaap:OtherCurrentAssetsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MunicipalBondsMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001058290 us-gaap:OtherNoncurrentAssetsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:CashEquivalentsMember us-gaap:MoneyMarketFundsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001058290 us-gaap:CashEquivalentsMember us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:CashEquivalentsMember us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:OtherNoncurrentAssetsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:CashEquivalentsMember ctsh:BankDepositsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember ctsh:CertificatesofdepositandcommercialpaperMember 2018-12-31 0001058290 us-gaap:ShortTermInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:MunicipalBondsMember 2018-12-31 0001058290 us-gaap:SellingGeneralAndAdministrativeExpensesMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-07-01 2019-09-30 0001058290 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-07-01 2019-09-30 0001058290 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-07-01 2019-09-30 0001058290 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-09-30 0001058290 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-01-01 2019-09-30 0001058290 us-gaap:AccumulatedTranslationAdjustmentMember 2019-06-30 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001058290 us-gaap:AccumulatedTranslationAdjustmentMember 2019-09-30 0001058290 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-09-30 0001058290 us-gaap:CostOfSalesMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-07-01 2019-09-30 0001058290 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-06-30 0001058290 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-09-30 0001058290 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-09-30 0001058290 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0001058290 us-gaap:CostOfSalesMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-01-01 2019-09-30 0001058290 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-06-30 0001058290 us-gaap:AccumulatedTranslationAdjustmentMember 2019-07-01 2019-09-30 0001058290 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-12-31 0001058290 us-gaap:SellingGeneralAndAdministrativeExpensesMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-01-01 2019-09-30 0001058290 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0001058290 us-gaap:SellingGeneralAndAdministrativeExpensesMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-07-01 2018-09-30 0001058290 us-gaap:CostOfSalesMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-01-01 2018-09-30 0001058290 us-gaap:AccumulatedTranslationAdjustmentMember 2018-01-01 2018-09-30 0001058290 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-09-30 0001058290 us-gaap:SellingGeneralAndAdministrativeExpensesMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-01-01 2018-09-30 0001058290 us-gaap:AccumulatedTranslationAdjustmentMember 2018-07-01 2018-09-30 0001058290 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-06-30 0001058290 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-07-01 2018-09-30 0001058290 us-gaap:AccumulatedTranslationAdjustmentMember 2018-06-30 0001058290 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2017-12-31 0001058290 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-01-01 2018-09-30 0001058290 us-gaap:AccumulatedTranslationAdjustmentMember 2018-09-30 0001058290 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-07-01 2018-09-30 0001058290 us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0001058290 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-09-30 0001058290 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-09-30 0001058290 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001058290 us-gaap:CostOfSalesMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-07-01 2018-09-30 0001058290 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-06-30 0001058290 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2017-12-31 0001058290 ctsh:IndiaDefinedContributionObligationMember 2019-03-31 0001058290 ctsh:FCPAAccrualMember 2019-02-01 2019-02-28 0001058290 ctsh:CognizantU.S.FoundationMember 2018-01-01 2018-09-30 0001058290 us-gaap:OperatingSegmentsMember us-gaap:HealthCareMember 2018-07-01 2018-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:FinancialServicesMember 2019-01-01 2019-09-30 0001058290 us-gaap:OperatingSegmentsMember us-gaap:HealthCareMember 2019-01-01 2019-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:ProductsandResourcesMember 2018-01-01 2018-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:FinancialServicesMember 2018-07-01 2018-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:ProductsandResourcesMember 2019-01-01 2019-09-30 0001058290 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-09-30 0001058290 us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:CommunicationsMediaandTechnologyMember 2018-01-01 2018-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:CommunicationsMediaandTechnologyMember 2019-07-01 2019-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:FinancialServicesMember 2019-07-01 2019-09-30 0001058290 us-gaap:CorporateNonSegmentMember 2018-01-01 2018-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:ProductsandResourcesMember 2018-07-01 2018-09-30 0001058290 us-gaap:OperatingSegmentsMember us-gaap:HealthCareMember 2018-01-01 2018-09-30 0001058290 us-gaap:CorporateNonSegmentMember 2019-07-01 2019-09-30 0001058290 us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001058290 us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:CommunicationsMediaandTechnologyMember 2019-01-01 2019-09-30 0001058290 us-gaap:OperatingSegmentsMember us-gaap:HealthCareMember 2019-07-01 2019-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:CommunicationsMediaandTechnologyMember 2018-07-01 2018-09-30 0001058290 us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001058290 us-gaap:CorporateNonSegmentMember 2018-07-01 2018-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:ProductsandResourcesMember 2019-07-01 2019-09-30 0001058290 us-gaap:OperatingSegmentsMember ctsh:FinancialServicesMember 2018-01-01 2018-09-30 0001058290 srt:NorthAmericaMember 2018-12-31 0001058290 ctsh:OtherRegionsMember 2019-09-30 0001058290 srt:EuropeMember 2019-09-30 0001058290 srt:NorthAmericaMember 2019-09-30 0001058290 ctsh:OtherRegionsMember 2018-12-31 0001058290 srt:EuropeMember 2018-12-31 0001058290 us-gaap:SubsequentEventMember 2019-10-28 2019-10-28 0001058290 srt:MaximumMember srt:ScenarioForecastMember ctsh:A2020FitforGrowthMember 2019-10-01 2020-12-31 0001058290 srt:MinimumMember srt:ScenarioForecastMember ctsh:A2020FitforGrowthMember 2019-10-01 2020-12-31 0001058290 srt:ScenarioForecastMember 2019-10-01 2019-12-31 xbrli:shares iso4217:USD xbrli:shares xbrli:pure iso4217:USD iso4217:INR
Table of Contents
 
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
FORM 10-Q
 
 
 
Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
For the quarterly period ended
September 30, 2019
Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
For the transition period from                      to                     
Commission File Number 0-24429
 
 
 
cognizantlogoa04.jpg
 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
 
 
 
Delaware
 
13-3728359
(State or Other Jurisdiction of
Incorporation or Organization)
 
(I.R.S. Employer
Identification No.)
 
 
 
Glenpointe Centre West
 
 
500 Frank W. Burr Blvd.
 
 
Teaneck,
New Jersey
 
07666
(Address of Principal Executive Offices)
 
(Zip Code)
Registrant’s telephone number, including area code: (201801-0233
N/A
(Former Name, Former Address and Former Fiscal Year,
if Changed Since Last Report)
 
 
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A Common Stock,
$0.01 par value per share
CTSH
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes     No:  
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes      No:  
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large Accelerated Filer
Accelerated filer
 
 
 
 
Non-accelerated filer
Smaller reporting company
 
 
 
 
 
 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  No  ý
Indicate the number of shares outstanding of each of the issuer’s class of common stock, as of October 25, 2019:
Class
 
Number of Shares
Class A Common Stock, par value $0.01 per share
 
547,565,822

 
 
 

Table of Contents

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
TABLE OF CONTENTS
 
 
 
Page
PART I.
 
 
 
Item 1.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Item 2.
 
 
 
Item 3.
 
 
 
Item 4.
 
 
 
PART II.
 
 
 
Item 1.
 
 
 
Item 1A.
 
 
 
Item 2.
 
 
 
Item 5.
 
 
 
Item 6.
 
 


Table of Contents

PART I. FINANCIAL INFORMATION
 
Item 1.     Consolidated Financial Statements (Unaudited).
 
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(Unaudited)
(in millions, except par values)
 
September 30,
2019

December 31, 2018
Assets



Current assets:



Cash and cash equivalents
$
2,343


$
1,161

Short-term investments
734


3,350

Trade accounts receivable, net of allowances of $104 and $78, respectively
3,438


3,257

Other current assets
876


909

Total current assets
7,391


8,677

Property and equipment, net
1,318


1,394

Operating lease assets, net
905

 

Goodwill
3,694


3,481

Intangible assets, net
1,192


1,150

Deferred income tax assets, net
492


442

Long-term investments
79


80

Other noncurrent assets
773


689

Total assets
$
15,844


$
15,913

Liabilities and Stockholders’ Equity



Current liabilities:



Accounts payable
$
246


$
215

Deferred revenue
265


286

Short-term debt
38


9

Operating lease liabilities
195

 

Accrued expenses and other current liabilities
2,175


2,267

Total current liabilities
2,919


2,777

Deferred revenue, noncurrent
71


62

Operating lease liabilities, noncurrent
734

 

Deferred income tax liabilities, net
57


183

Long-term debt
709


736

Long-term income taxes payable
471


478

Other noncurrent liabilities
181


253

Total liabilities
5,142


4,489

Commitments and contingencies (See Note 13)

 

Stockholders’ equity:
 
 
 
Preferred stock, $0.10 par value, 15.0 shares authorized, none issued

 

Class A common stock, $0.01 par value, 1,000 shares authorized, 550 and 577 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively
6

 
6

Additional paid-in capital
35

 
47

Retained earnings
10,820

 
11,485

Accumulated other comprehensive income (loss)
(159
)
 
(114
)
Total stockholders’ equity
10,702


11,424

Total liabilities and stockholders’ equity
$
15,844


$
15,913

The accompanying notes are an integral part of the unaudited consolidated financial statements.

1

Table of Contents

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(in millions, except per share data)
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Revenues
$
4,248


$
4,078


$
12,499


$
11,996

Operating expenses:







Cost of revenues (exclusive of depreciation and amortization expense shown separately below)
2,681


2,480


7,885


7,298

Selling, general and administrative expenses
771


734


2,412


2,250

Depreciation and amortization expense
127


119


375


340

Income from operations
669


745


1,827


2,108

Other income (expense), net:







Interest income
43


47


136


128

Interest expense
(7
)

(6
)

(20
)

(19
)
Foreign currency exchange gains (losses), net
(47
)

(122
)

(29
)

(233
)
Other, net


(2
)

3


(2
)
Total other income (expense), net
(11
)

(83
)

90


(126
)
Income before provision for income taxes
658


662


1,917


1,982

Provision for income taxes
(160
)

(185
)

(469
)

(530
)
Income from equity method investments
(1
)
 

 
(1
)
 
1

Net income
$
497


$
477


$
1,447


$
1,453

Basic earnings per share
$
0.90


$
0.82


$
2.57


$
2.49

Diluted earnings per share
$
0.90


$
0.82


$
2.57


$
2.48

Weighted average number of common shares outstanding - Basic
551


579


563


584

Dilutive effect of shares issuable under stock-based compensation plans

 
1

 

 
1

Weighted average number of common shares outstanding - Diluted
551


580


563


585

The accompanying notes are an integral part of the unaudited consolidated financial statements.

2

Table of Contents

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)
(in millions)
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Net income
$
497

 
$
477

 
$
1,447

 
$
1,453

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
Foreign currency translation adjustments
(65
)
 
(12
)
 
(76
)
 
(46
)
Change in unrealized gains and losses on cash flow hedges
(24
)
 
(82
)
 
23

 
(205
)
Change in unrealized gains and losses on available-for-sale securities

 

 
8

 
(6
)
Other comprehensive income (loss)
(89
)
 
(94
)
 
(45
)
 
(257
)
Comprehensive income
$
408

 
$
383

 
$
1,402

 
$
1,196

The accompanying notes are an integral part of the unaudited consolidated financial statements.

3

Table of Contents

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Unaudited)
(in millions)
 
 
Class A Common Stock
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Income (Loss)
 
 Total
 
Shares    
 
Amount
 
Balance, December 31, 2018
 
577

 
$
6

 
$
47

 
$
11,485

 
$
(114
)
 
$
11,424

Cumulative effect of changes in accounting principle(1)
 

 

 

 
2

 

 
2

Net income
 

 

 

 
441

 

 
441

Other comprehensive income (loss)
 

 

 

 

 
40

 
40

Common stock issued, stock-based compensation plans
 
2

 

 
50

 

 

 
50

Stock-based compensation expense
 

 

 
66

 

 

 
66

Repurchases of common stock
 
(10
)
 

 
(99
)
 
(672
)
 

 
(771
)
Dividends declared, $0.20 per share
 

 

 

 
(116
)
 

 
(116
)
Balance, March 31, 2019
 
569

 
6

 
64

 
11,140

 
(74
)
 
11,136

Net income
 

 

 

 
509

 

 
509

Other comprehensive income (loss)
 

 

 

 

 
4

 
4

Common stock issued, stock-based compensation plans
 
2

 

 
40

 

 

 
40

Stock-based compensation expense
 

 

 
54

 

 

 
54

Repurchases of common stock
 
(19
)
 

 
(120
)
 
(952
)
 

 
(1,072
)
Dividends declared, $0.20 per share
 

 

 

 
(114
)
 

 
(114
)
Balance, June 30, 2019
 
552

 
6

 
38

 
10,583

 
(70
)
 
10,557

Net income
 

 

 

 
497

 

 
497

Other comprehensive income (loss)
 

 

 

 

 
(89
)
 
(89
)
Common stock issued, stock-based compensation plans
 
2

 

 
37

 

 

 
37

Stock-based compensation expense
 

 

 
52

 

 

 
52

Repurchases of common stock
 
(4
)
 

 
(92
)
 
(149
)
 

 
(241
)
Dividends declared, $0.20 per share
 

 

 

 
(111
)
 

 
(111
)
Balance, September 30, 2019
 
550

 
$
6

 
$
35

 
$
10,820

 
$
(159
)
 
$
10,702

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Reflects the adoption of the Accounting Standards Codification ("ASC") Topic 842 "Leases" (the "New Lease Standard") as described in Note 6.





The accompanying notes are an integral part of the unaudited consolidated financial statements.








4

Table of Contents

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Unaudited)
(in millions)
 
 
Class A Common Stock
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Income (Loss)
 
 Total
 
Shares    
 
Amount
 
Balance, December 31, 2017
 
588

 
$
6

 
$
49

 
$
10,544

 
$
70

 
$
10,669

Cumulative effect of changes in accounting principle(1)
 

 

 

 
122

 
(1
)
 
121

Net income
 

 

 

 
520

 

 
520

Other comprehensive income (loss)
 

 

 

 

 
(6
)
 
(6
)
Common stock issued, stock-based compensation plans
 
2

 

 
60

 

 

 
60

Stock-based compensation expense
 

 

 
59

 

 

 
59

Repurchases of common stock
 
(4
)
 

 
(105
)
 
(211
)
 

 
(316
)
Dividends declared, $0.20 per share
 

 

 

 
(119
)
 

 
(119
)
Balance, March 31, 2018
 
586

 
6

 
63

 
10,856

 
63

 
10,988

Net income
 

 

 

 
456

 

 
456

Other comprehensive income (loss)
 

 

 

 

 
(157
)
 
(157
)
Common stock issued, stock-based compensation plans
 
2

 

 
42

 

 

 
42

Stock-based compensation expense
 

 

 
71

 

 

 
71

Repurchases of common stock
 
(8
)
 

 
(121
)
 
(512
)
 

 
(633
)
Dividends declared, $0.20 per share
 

 

 

 
(119
)
 

 
(119
)
Balance, June 30, 2018
 
580

 
6

 
55

 
10,681

 
(94
)
 
10,648

Net income
 

 

 

 
477

 

 
477

Other comprehensive income (loss)
 

 

 

 

 
(94
)
 
(94
)
Common stock issued, stock-based compensation plans
 
1

 

 
40

 

 

 
40

Stock-based compensation expense
 

 

 
69

 

 

 
69

Repurchases of common stock
 
(1
)
 

 
(45
)
 

 

 
(45
)
Dividends declared, $0.20 per share
 

 

 

 
(117
)
 

 
(117
)
Balance, September 30, 2018
 
580

 
$
6

 
$
119

 
$
11,041

 
$
(188
)
 
$
10,978

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Reflects    the adoption of the ASC Topic 606 "Revenue from Contacts with Customers" (the "New Revenue Standard") as well as Accounting Standards Update ("ASU") 2018-02 "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" ("ASU 2018-02") on January 1, 2018. Refer to our Annual Report on Form 10-K for the year ended December 31, 2018.



The accompanying notes are an integral part of the unaudited consolidated financial statements.

5

Table of Contents

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in millions)

 
For the Nine Months Ended
September 30,
 
2019
 
2018
Cash flows from operating activities:
 
 
 
Net income
$
1,447

 
$
1,453

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
393

 
367

Provision for doubtful accounts
26

 
5

Deferred income taxes
(203
)
 
46

Stock-based compensation expense
172

 
199

Other
13

 
196

Changes in assets and liabilities:
 
 
 
Trade accounts receivable
(176
)
 
(313
)
Other current and noncurrent assets
(80
)
 
144

Accounts payable
21

 
(5
)
Deferred revenues, current and noncurrent
(14
)
 
(116
)
Other current and noncurrent liabilities
(38
)
 
(86
)
Net cash provided by operating activities
1,561

 
1,890

Cash flows from investing activities:
 
 
 
Purchases of property and equipment
(299
)
 
(281
)
Purchases of available-for-sale investment securities
(333
)
 
(1,356
)
Proceeds from maturity or sale of available-for-sale investment securities
2,107

 
1,516

Purchases of held-to-maturity investment securities
(423
)
 
(1,093
)
Proceeds from maturity of held-to-maturity investment securities
1,281

 
750

Purchases of other investments
(460
)
 
(479
)
Proceeds from maturity or sale of other investments
468

 
345

Payments for business combinations, net of cash acquired
(378
)
 
(479
)
Net cash provided by (used in) investing activities
1,963

 
(1,077
)
Cash flows from financing activities:
 
 
 
Issuance of common stock under stock-based compensation plans
127

 
142

Repurchases of common stock
(2,084
)
 
(994
)
Repayment of term loan borrowings and finance lease and earnout obligations
(16
)
 
(89
)
Net change in notes outstanding under the revolving credit facility

 
(75
)
Dividends paid
(343
)
 
(352
)
Net cash (used in) financing activities
(2,316
)
 
(1,368
)
Effect of exchange rate changes on cash and cash equivalents
(26
)
 
(31
)
Increase (decrease) in cash and cash equivalents
1,182

 
(586
)
Cash and cash equivalents, beginning of year
1,161

 
1,925

Cash and cash equivalents, end of period
$
2,343

 
$
1,339

The accompanying notes are an integral part of the unaudited consolidated financial statements.

6

Table of Contents

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)

Note 1 — Interim Consolidated Financial Statements

The terms “Cognizant,” “we,” “our,” “us” and “the Company” refer to Cognizant Technology Solutions Corporation and its subsidiaries unless the context indicates otherwise. We have prepared the accompanying unaudited consolidated financial statements included herein in accordance with generally accepted accounting principles in the United States of America ("GAAP"), and Regulation S-X under the Securities Exchange Act of 1934, (as amended, the "Exchange Act"). The accompanying unaudited consolidated financial statements should be read in conjunction with our audited consolidated financial statements (and notes thereto) included in our Annual Report on Form 10-K for the year ended December 31, 2018. In our opinion, all adjustments considered necessary for a fair statement of the accompanying unaudited consolidated financial statements have been included and all adjustments are of a normal and recurring nature. Operating results for the interim periods are not necessarily indicative of results that may be expected to occur for the entire year.

Recently Adopted Accounting Pronouncements
Date Issued and Topic
Date Adopted and Method
Description
Impact
February 2016

Leases

January 1, 2019

Effective Date Method
The new standard replaces the existing guidance on leases and requires the lessee to recognize a right-of-use ("ROU") asset and a lease liability for all leases with lease terms greater than twelve months. For finance leases, the lessee recognizes interest expense and amortization of the ROU asset, and for operating leases, the lessee recognizes total lease expense on a straight-line basis. The standard offers several practical expedients for transition and certain expedients specific to lessees or lessors. The standard allows for two methods of adoption: retrospective to each prior reporting period presented with the cumulative effect of adoption recognized at the beginning of the earliest period presented or retrospective to the beginning of the period of adoption through a cumulative-effect adjustment (the "Effective Date Method").
See Note 6 for the impact of adoption of this standard.
March 2017

Nonrefundable Fees and Other Costs
January 1, 2019

Modified Retrospective
This update shortens the amortization period for certain callable debt securities held at a premium to the earliest call date. The amendments do not require an accounting change for securities held at a discount. Upon adoption, entities are required to use a modified retrospective transition with the cumulative effect adjustment recognized to retained earnings as of the beginning of the period of adoption.
The adoption of this update did not have an impact on our consolidated financial statements.
August 2018

Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement ("CCA") that is a Service Contract
Early adoption on January 1, 2019

Prospective
This update aligns the accounting for costs incurred to implement a CCA that is a service arrangement with the guidance on capitalizing costs associated with developing or obtaining internal-use software. In addition, this update clarifies the financial statement presentation requirement for capitalized implementation costs and related amortization of such costs.
The adoption of this update did not have an impact on our consolidated financial statements.


7

Table of Contents

Note 2 — Revenues

Disaggregation of Revenues

The tables below present disaggregated revenues from contracts with customers by customer location, service line and contract-type for each of our business segments. We believe this disaggregation best depicts how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by industry, market and other economic factors. Revenues are attributed to regions based upon customer location. Substantially all of the revenue in our North America region relates to operations in the United States.
We have defined our Financial Services, Healthcare, Products and Resources and Communications, Media and Technology segments as ("FS"), ("HC"), ("P&R"), and ("CMT"), respectively, in our disaggregation of revenues tables.
 
 
Three Months Ended
September 30, 2019
 
Nine Months Ended
September 30, 2019
 
 
 
 
 
FS
 
HC
 
P&R
 
CMT
 
Total
 
FS
 
HC
 
P&R
 
CMT
 
Total
 
 
(in millions)
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Geography:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North America
 
$
1,052

 
$
1,036

 
$
687

 
$
448

 
$
3,223

 
$
3,105

 
$
3,084

 
$
1,986

 
$
1,310

 
$
9,485

United Kingdom
 
117

 
36

 
95