XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]    
Net earnings (loss) $ (357) $ (14)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 529 5
Stock-based compensation 77 (1)
Cash payments for stock-based compensation   (2)
Share of (earnings) losses of Expedia   24
Cash receipts from returns on investment in Expedia   6
Realized (gain) loss on foreign currency forwards 7  
Deferred income tax expense (benefit) (93) (12)
Other noncash charges (credits), net (17) 4
Changes in operating assets and liabilities    
Current and other assets (279) 2
Payables and other liabilities 1,810 4
Net cash provided (used) by operating activities 1,677 16
Cash flows from investing activities:    
Capital expended for property and equipment (170) (4)
Purchases of short-term marketable securities (780)  
Sales of short-term marketable securities 7  
Net settlement of foreign currency forwards (7)  
Other, net (2)  
Net cash provided (used) by investing activities (952) (4)
Cash flows from financing activities:    
Borrowings of debt 92 108
Repayments of debt (97) (116)
Shares issued by subsidiary 58  
Shares repurchased by subsidiary (45)  
Dividends paid by subsidiary (36)  
Proceeds from exercise of equity awards and employee stock purchase plan 4  
Taxes paid in lieu of shares issued for stock-based compensation (5)  
Contributions from (distributions to) parent, net   (6)
Other financing activities, net (14)  
Net cash provided (used) by financing activities (43) (14)
Effect of foreign exchange rates on cash and cash equivalents 31  
Net increase (decrease) in cash and cash equivalents 713 (2)
Cash and cash equivalents at beginning of period 1,851 $ 2
Cash and cash equivalents at end of period $ 2,564