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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 206 $ 125
Adjustments to reconcile net income to total net cash from operating activities:    
Depreciation 60 66
Amortization 71 85
Impairment 0 81
Non-cash restructuring charges 2 0
Non-cash lease expense 27 33
Net periodic benefit of defined benefit pension plans (8) (40)
Provision for doubtful receivables from clients 7 5
Benefit from deferred income taxes (15) (17)
Share-based compensation 26 22
Net loss on disposal of operations 0 56
Non-cash foreign exchange loss/(gain) 11 (5)
Other, net 10 (5)
Changes in operating assets and liabilities, net of effects from purchase of subsidiaries:    
Accounts receivable 129 82
Other assets 11 (22)
Other liabilities (411) (458)
Provisions 8 13
Net cash from operating activities 134 21
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES    
Additions to fixed assets and software for internal use (42) (31)
Capitalized software costs (19) (15)
Acquisitions of operations, net of cash acquired (4) (68)
Cash and fiduciary funds transferred in sale of operations 0 (12)
Sale of investments 4 200
Net cash (used in)/from investing activities (61) 74
CASH FLOWS USED IN FINANCING ACTIVITIES    
Repayments of debt (1) (1)
Repurchase of shares (104) (2,250)
Proceeds from issuance of shares 0 1
Net payments from fiduciary funds held for clients (250) (211)
Payments of deferred and contingent consideration related to acquisitions (6) (20)
Cash paid for employee taxes on withholding shares (5) (1)
Dividends paid (87) (98)
Net cash used in financing activities (453) (2,580)
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH [1] (380) (2,485)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 21 (34)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD [1] 4,721 7,691
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD [1] $ 4,362 $ 5,172
[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.