XML 18 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net income $ 101 $ 63
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 13 14
Currency exchange rate differences on financial transactions and other losses 1 26
Depreciation and amortization 147 142
Changes in operating assets and liabilities, net of effect of businesses acquired and divested:    
Trade and other receivables, net 3 47
Prepaid expenses and other current assets (45) (56)
Accounts payable and other current liabilities and deferred revenues (191) (200)
Other non-current liabilities (7) (1)
Interest payable 50 57
Income taxes 15 9
Net cash provided by operating activities 87 101
Investing Activities    
Acquisition of subsidiaries and affiliates, net of cash acquired (47) (191)
Additions to property, plant and equipment and other assets (28) (33)
Additions to intangible assets (81) (69)
Other investing activities   2
Net cash used in investing activities (156) (291)
Financing Activities    
Net payments under revolving credit facility (164) (205)
Proceeds from issuances of debt, net of issuance costs 496 746
Repayment of debt (25) (25)
Cash dividends paid to stockholders (101) (90)
Repurchase of common stock (83) (141)
Proceeds from exercise of stock options 18 6
Other financing activities (11) (3)
Net cash provided by financing activities 130 288
Effect of exchange-rate changes on cash and cash equivalents 14 (28)
Net increase in cash and cash equivalents 75 70
Cash and cash equivalents at beginning of period 357 273
Cash and cash equivalents at end of period 432 343
Supplemental Cash Flow Information    
Cash paid for income taxes (29) (29)
Cash paid for interest, net of amounts capitalized $ (29) $ (16)