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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 338.6 $ 787.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 32.0 38.2
Amortization 83.3 91.4
Gain on divestitures of businesses, excluding transaction costs (Note 4)   (532.1)
Other non-cash items, net 63.9 52.3
Increase/(decrease) in cash, excluding the effects of divestitures, resulting from changes in:    
Other assets (16.6) 12.3
Accounts payable and accrued liabilities (130.9) (59.3)
Income taxes payable (19.2) 21.5
Other liabilities (3.3) (9.6)
Net cash provided by operating activities 347.8 402.6
Cash flows from investing activities    
Payments for capitalized contract costs (46.0) (24.5)
Payments for internal use software (22.3) (19.1)
Purchases of property and equipment (15.9) (31.4)
Proceeds from the sale of former corporate headquarters (Note 4) 44.2  
Proceeds from divestitures of businesses, net of cash divested (Note 4)   732.6
Purchases of non-settlement related investments (2.2) (4.5)
Proceeds from maturity of non-settlement related investments 0.6 19.8
Purchases of held-to-maturity non-settlement related investments   (1.3)
Proceeds from held-to-maturity non-settlement related investments   15.4
Other investing activities (2.6)  
Net cash (used in)/provided by investing activities (44.2) 687.0
Cash flows from financing activities    
Cash dividends paid (184.9) (172.9)
Common stock repurchased (Note 11) (237.7) (341.6)
Net (repayments of)/proceeds from commercial paper (145.0) 143.0
Principal payments on borrowings   (500.0)
Proceeds from exercise of options 1.5 20.5
Other financing activities (0.7) (0.8)
Net cash used in financing activities (566.8) (851.8)
Net change in cash, cash equivalents, and restricted cash (263.2) 237.8
Cash, cash equivalents, and restricted cash at beginning of period 1,456.8 979.7
Cash, cash equivalents, and restricted cash at end of period 1,193.6 1,217.5
Supplemental cash flow information:    
Interest paid 53.5 78.1
Income taxes paid 59.7 156.6
Cash paid for lease liabilities 25.6 24.3
Non-cash lease liabilities arising from obtaining right-of-use assets 17.8 269.1
Restricted cash at end of year (included in Other assets) $ 12.0 $ 7.3