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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 497 $ 492
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 65 66
Deferred income taxes 61 46
Depreciation of property, plant and equipment 57 58
Stock-based compensation 10 9
Expenses related to long-term debt refinancing 5 0
Amortization of deferred financing costs 4 5
Allowance for doubtful accounts 1 0
Other (1) 7
Changes in assets and liabilities:    
Accounts receivable (40) (117)
Inventories (20) (15)
Accounts payable 2 29
Other assets and liabilities 4 25
Net cash provided by operating activities 645 605
CASH FLOWS FROM INVESTING ACTIVITIES:    
Business acquisitions (232) 0
Additions of long-lived assets (91) (52)
Net cash used for investing activities (323) (52)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on long-term debt (1,149) (28)
Issuance of long-term debt 1,148 0
Repurchases of common stock (331) (456)
Payments on revolving credit facility (90) 0
Borrowings on revolving credit facility 90 0
Dividend payments (55) (61)
Debt financing fees (12) (1)
Taxes paid related to net share settlement of equity awards (4) (4)
Proceeds from exercise of stock options 4 21
Net cash used for financing activities (399) (529)
Effect of exchange rate changes on cash (2) (2)
Net (decrease) increase in cash and cash equivalents (79) 22
Cash and cash equivalents at beginning of period 231 199
Cash and cash equivalents at end of period 152 221
Supplemental disclosures:    
Interest paid 63 68
Income taxes paid $ 84 $ 80