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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 832 $ 964
Adjustments to reconcile net income to cash provided by operating activities:    
Gain from sales of businesses and investments, net (29) (41)
Depreciation of fixed assets 169 183
Amortization of intangible assets 237 263
Share-based compensation expense 239 247
Deferred income taxes (83) 77
Change in assets and liabilities:    
Fiduciary receivables 795 988
Short-term investments — funds held on behalf of clients 200 (177)
Fiduciary liabilities (995) (811)
Receivables, net 232 220
Accounts payable and accrued liabilities (415) (408)
Restructuring reserves (25) (75)
Current income taxes (69) (211)
Pension, other post-retirement and other post-employment liabilities (191) (299)
Other assets and liabilities 178 (37)
CASH PROVIDED BY OPERATING ACTIVITIES 1,075 883
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of long-term investments 23 51
Purchases of long-term investments (3) (19)
Net (purchases) sales of short-term investments — non-fiduciary (9) 301
Acquisition of businesses, net of cash acquired (26) (464)
Proceeds from sale of businesses 54 48
Capital expenditures (225) (179)
CASH USED FOR INVESTING ACTIVITIES (186) (262)
CASH FLOWS FROM FINANCING ACTIVITIES    
Share repurchase (1,150) (1,750)
Issuance of shares for employee benefit plans 72 58
Issuance of debt 3,494 4,255
Repayment of debt (2,860) (3,073)
Cash dividends to shareholders (240) (201)
(Purchases) sales of shares (from) to noncontrolling interests (5) 1
Dividends paid to noncontrolling interests (21) (18)
Proceeds from sale-leaseback 0 25
CASH USED FOR FINANCING ACTIVITIES (710) (703)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (155) (13)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 24 (95)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 374 477
CASH AND CASH EQUIVALENTS AT END OF PERIOD 398 382
Supplemental disclosures:    
Interest paid 190 194
Income taxes paid, net of refunds $ 180 $ 280