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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,083 $ 645
Income from discontinued operations, net of tax 861 60
Adjustments to reconcile net income to cash provided by operating activities:    
Loss (gain) from sales of businesses and investments, net 3 (41)
Depreciation of fixed assets 108 79
Amortization and impairment of intangible assets 503 75
Share-based compensation expense 148 144
Deferred income taxes (227) 15
Change in assets and liabilities:    
Fiduciary receivables 10 96
Short-term investments — funds held on behalf of clients (286) (409)
Fiduciary liabilities 275 313
Receivables, net (25) 46
Accounts payable and accrued liabilities (377) (335)
Restructuring reserves 178 0
Current income taxes (25) (62)
Pension, other postretirement and other postemployment liabilities (101) (28)
Other assets and liabilities 30 79
Cash provided by operating activities - continuing operations 436 557
Cash provided by operating activities - discontinued operations 64 207
CASH PROVIDED BY OPERATING ACTIVITIES 500 764
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from investments 29 23
Payments for investments (32) (29)
Net sale (purchases) of short-term investments — non-fiduciary (2,451) 106
Acquisition of businesses, net of cash acquired (149) (183)
Sale of businesses, net of cash sold 4,193 103
Capital expenditures (82) (68)
Cash provided by (used for) investing activities - continuing operations 1,508 (48)
Cash used for investing activities - discontinued operations (19) (36)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES 1,489 (84)
CASH FLOWS FROM FINANCING ACTIVITIES    
Share repurchase (1,100) (750)
Issuance of shares for employee benefit plans (139) (87)
Issuance of debt 1,651 2,056
Repayment of debt (1,990) (1,632)
Cash dividends to shareholders (182) (169)
Noncontrolling interests and other financing activities (10) (62)
Cash used for financing activities - continuing operations (1,770) (644)
Cash used for financing activities - discontinued operations 0 0
CASH USED FOR FINANCING ACTIVITIES (1,770) (644)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 34 18
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 253 54
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 431 384
CASH AND CASH EQUIVALENTS AT END OF PERIOD 684 438
Supplemental disclosures:    
Interest paid 144 144
Income taxes paid, net of refunds $ 108 $ 89