XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Operating Activities            
Net income from continuing operations $ 109 $ 120   $ 332 $ 317  
Net income/(loss) from discontinued operations       6 (94)  
Gain on disposal of Global Connect, net of tax, within discontinued operations     $ 542   534 $ 489
Net income 110 103   338 757  
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:            
Share-based compensation expense       28 27  
Gain on sale of discontinued operations, net of tax     (542)   (534) (489)
Currency exchange rate differences on financial transactions and other (gains)/losses       (1) 39  
Equity in net income of affiliates, net of dividends received       (3)    
Depreciation and amortization       386 418  
Changes in operating assets and liabilities, net of effect of businesses acquired and divested:            
Trade and other receivables, net       (10) (131)  
Prepaid expenses and other assets       36 (33)  
Accounts payable and other current liabilities and deferred revenues       51 (112)  
Other non-current liabilities       (28) (35)  
Interest payable       7 32  
Income taxes       (66) 11  
Net cash provided by operating activities       738 439  
Investing Activities            
Acquisitions of subsidiaries and affiliates, net of cash acquired       (6) (13)  
Proceeds from the sale of subsidiaries and affiliates, net       1 2,269  
Additions to property, plant and equipment and other assets       (43) (41)  
Additions to intangible assets       (196) (197)  
Proceeds from the sale of property, plant and equipment and other assets         3  
Other investing activities       12    
Net cash (used in)/provided by investing activities       (232) 2,021  
Financing Activities            
Proceeds from the issuance of debt, net of issuance costs         1,231  
Repayment of debt         (3,632)  
Cash dividends paid to shareholders       (65) (65)  
Payments related to tax withholding for share-based payment arrangements       (7) (10)  
Proceeds from employee stock purchase plan       1 1  
Finance leases       (24) (34)  
Other financing activities       (12) (10)  
Net cash used in financing activities       (107) (2,519)  
Effect of exchange-rate changes on cash and cash equivalents       (13) (9)  
Net increase/(decrease) in cash and cash equivalents       386 (68)  
Cash and cash equivalents at beginning of period     $ 610 380 610 610
Cash and cash equivalents at end of period $ 766 $ 542   766 542 $ 380
Supplemental Cash Flow Information            
Cash paid for income taxes       164 96  
Cash paid for interest, net of amounts capitalized       $ 199 $ 193