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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES    
NET INCOME $ 125,000,000 $ 736,000,000
Adjustments to reconcile net income to total net cash from operating activities:    
Depreciation 66,000,000 71,000,000
Amortization 85,000,000 103,000,000
Impairment 81,000,000
Non-cash lease expense 33,000,000 37,000,000
Net periodic benefit of defined benefit pension plans (40,000,000) (42,000,000)
Provision for doubtful receivables from clients 5,000,000 8,000,000
(Benefit from)/provision for deferred income taxes (17,000,000) 10,000,000
Share-based compensation 22,000,000 27,000,000
Net loss/(gain) on disposal of operations 56,000,000 (359,000,000)
Non-cash foreign exchange gain (5,000,000) (2,000,000)
Other, net (5,000,000) (24,000,000)
Changes in operating assets and liabilities, net of effects from purchase of subsidiaries:    
Accounts receivable 82,000,000 (115,000,000)
Other assets (22,000,000) (15,000,000)
Other liabilities (458,000,000) (556,000,000)
Provisions 13,000,000 (7,000,000)
Net cash from/(used in) operating activities 21,000,000 (128,000,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to fixed assets and software for internal use (31,000,000) (37,000,000)
Capitalized software costs (15,000,000) (14,000,000)
Acquisitions of operations, net of cash acquired (68,000,000) 0
Proceeds from sale of operations 0 696,000,000
Cash and fiduciary funds transferred in sale of operations (12,000,000) (216,000,000)
Sale of investments 200,000,000 0
Net cash from investing activities 74,000,000 429,000,000
CASH FLOWS USED IN FINANCING ACTIVITIES    
Repayments of debt (1,000,000) (508,000,000)
Repurchase of shares (2,250,000,000) 0
Proceeds from issuance of shares 1,000,000 1,000,000
Net payments from fiduciary funds held for clients (211,000,000) (199,000,000)
Payments of deferred and contingent consideration related to acquisitions (20,000,000) (17,000,000)
Cash paid for employee taxes on withholding shares (1,000,000) 0
Dividends paid (98,000,000) (92,000,000)
Acquisitions of and dividends paid to non-controlling interests 0 (17,000,000)
Net cash used in financing activities (2,580,000,000) (832,000,000)
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH [1] (2,485,000,000) (531,000,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (34,000,000) (60,000,000)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD [1] 7,691,000,000 6,301,000,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD [1] $ 5,172,000,000 $ 5,710,000,000
[1] The amounts of cash, cash equivalents and restricted cash, their respective classification on the condensed consolidated balance sheets, as well as their respective portions of the increase or decrease in cash, cash equivalents and restricted cash for each of the periods presented have been included in Note 19 Supplemental Disclosures of Cash Flow Information.