XML 15 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES    
NET INCOME $ 431 $ 1,829
Adjustments to reconcile net income to total net cash from operating activities:    
Depreciation 191 212
Amortization 239 286
Impairment 81 0
Non-cash restructuring charges 56 0
Non-cash lease expense 94 108
Net periodic benefit of defined benefit pension plans (113) (125)
Provision for doubtful receivables from clients 13 13
(Benefit from)/provision for deferred income taxes (92) 41
Share-based compensation 71 71
Net loss/(gain) on disposal of operations 76 (380)
Non-cash foreign exchange gain (178) (5)
Other, net (1) (21)
Changes in operating assets and liabilities, net of effects from purchase of subsidiaries:    
Accounts receivable 270 175
Other assets (198) (135)
Other liabilities (510) (199)
Provisions 7 7
Net cash from operating activities 437 1,877
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES    
Additions to fixed assets and software for internal use (100) (109)
Capitalized software costs (50) (40)
Acquisitions of operations, net of cash acquired (80) 0
Proceeds from sale of operations 1 726
Cash and fiduciary funds transferred in sale of operations (29) (216)
Sale of investments 200 0
Net cash (used in)/from investing activities (58) 361
CASH FLOWS USED IN FINANCING ACTIVITIES    
Senior notes issued 750 0
Debt issuance costs (5) 0
Repayments of debt (585) (970)
Repurchase of shares (3,090) (1,000)
Proceeds from issuance of shares 7 2
Net proceeds from fiduciary funds held for clients 157 49
Payments of deferred and contingent consideration related to acquisitions (22) (19)
Cash paid for employee taxes on withholding shares (32) (8)
Dividends paid (280) (275)
Acquisitions of and dividends paid to non-controlling interests (9) (35)
Net cash used in financing activities (3,109) (2,256)
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH [1] (2,730) (18)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (290) (99)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD [1] 7,691 6,301
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD [1] $ 4,671 $ 6,184
[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.