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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities:    
Net income $ 544 $ 359
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of contract acquisition costs 20 12
Depreciation and amortization 242 252
Loss (gain) on foreign currency transactions 7 (3)
Loss on debt extinguishment 0 60
Share-based compensation 103 91
Deferred income taxes 29 (160)
Contract acquisition costs (82) (51)
Working capital changes and other 51 35
Net cash provided by operating activities 914 595
Investing Activities:    
Capital expenditures for property and equipment (51) (36)
Payments received on other financing receivables 49 7
Capitalized software costs (62) (45)
Other (16) (21)
Net cash used in investing activities (80) (95)
Financing Activities:    
Borrowings 1,676 1,823
Repayment of debt (701) (1,848)
Debt issuance costs and redemption premium (21) (69)
Dividends paid (137) (147)
Cash transferred in spin-offs of Park and HGV 0 (501)
Repurchases of common stock (1,561) (625)
Distributions to noncontrolling interests (1) (1)
Tax withholdings on share-based compensation (42) (28)
Acquisition of noncontrolling interest (3) 0
Net cash used in financing activities (790) (1,396)
Effect of exchange rate changes on cash, restricted cash and cash equivalents (14) 8
Net increase (decrease) in cash, restricted cash and cash equivalents 30 (888)
Cash, restricted cash and cash equivalents from continuing operations, beginning of period 670 1,183
Cash, restricted cash and cash equivalents from discontinued operations, beginning of period 0 501
Cash, restricted cash and cash equivalents, beginning of period 670 1,684
Cash, restricted cash and cash equivalents, end of period 700 796
Supplemental Disclosures:    
Interest 208 225
Income taxes, net of refunds 230 377
Non-cash spin-offs of Park and HGV (financing activities) $ 0 $ 30