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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 373 $ 377 $ (433)
Adjustments to reconcile net income to total net cash provided by operating activities:      
Goodwill impairment 0 0 492
Net gain on disposal of operations, fixed and intangible assets (17) (7) 0
Depreciation expense 92 94 79
Amortization of intangible assets 54 55 59
Amortization and write-off of cash retention awards 10 6 416
Net periodic (benefit) cost of defined benefit pension plans (17) (4) 2
Provision for doubtful accounts 4 3 16
Provision for deferred income taxes 66 39 54
Noncash movement on derivative instruments (12) 18 11
Excess tax benefits from share-based payment arrangements (5) (2) (2)
Share-based compensation 52 42 32
Redemption Premium 0 65 0
Undistributed earnings of associates (9) 8 (2)
Effect of exchange rate changes on net income 39 (4) (14)
Changes in operating assets and liabilities, net of effects from purchase of subsidiaries:      
Accounts receivable (66) (116) (17)
Fiduciary assets (887) 804 111
Fiduciary liabilities 887 (804) (111)
Cash incentives paid (401) (346) (323)
Funding of defined benefit pension plans (122) (150) (143)
Other assets 16 14 (1)
Other liabilities 432 445 319
Movement on provisions (12) 24 (20)
Total net cash provided by operating activities 477 561 525
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds on disposal of fixed and intangible assets 6 12 5
Additions to fixed assets (113) (112) (135)
Additions to intangible assets (4) (7) (2)
Acquisitions of operations, net of cash acquired (241) (30) (33)
Payments to acquire other investments, net of distributions received (10) (7) (7)
Proceeds from Sale of Equity Method Investments 0 4 0
Proceeds from Divestiture of Businesses, Net of Cash Divested 86 20 0
Net cash (used in) provided by continuing investing activities (276) (120) (172)
CASH FLOWS FROM FINANCING ACTIVITIES      
Senior notes issued 0 522 0
Debt issuance costs (3) (8) 0
Repayments of debt (15) (536) (15)
Payments of Debt Extinguishment Costs 0 (65) 0
Proceeds from issue of other debt 0 0 1
Repurchase of shares (213) 0 (100)
Proceeds from issue of shares 134 155 53
Excess tax benefits from share-based payment arrangements 5 2 2
Dividends paid (210) (193) (185)
Proceeds from Noncontrolling Interests 0 0 3
Acquisition of noncontrolling interests (4) (4) (39)
Dividends paid to noncontrolling interests (17) (10) (11)
Net cash provided by (used in) financing activities (323) (137) (291)
INCREASE IN CASH AND CASH EQUIVALENTS (122) 304 62
Effect of exchange rate changes on cash and cash equivalents (39) (8) 2
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 796 500 436
CASH AND CASH EQUIVALENTS, END OF YEAR $ 635 $ 796 $ 500