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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 821 $ 1,275
Net income (loss) from discontinued operations 5 857
Adjustments to reconcile net income to cash provided by operating activities:    
Loss from sales of businesses, net 4 2
Depreciation of fixed assets 126 148
Amortization and impairment of intangible assets 492 604
Share-based compensation expense 214 214
Deferred income taxes (128) (208)
Change in assets and liabilities:    
Fiduciary receivables 766 986
Short-term investments — funds held on behalf of clients (731) (701)
Fiduciary liabilities (35) (285)
Receivables, net (11) 144
Accounts payable and accrued liabilities (331) (237)
Restructuring reserves 14 170
Current income taxes (137) (785)
Pension, other postretirement and postemployment liabilities (223) (142)
Other assets and liabilities 139 (39)
Cash provided by operating activities - continuing operations 975 289
Cash provided by operating activities - discontinued operations 0 64
Cash provided by operating activities 975 353
Cash flows from investing activities    
Proceeds from investments 30 43
Payments for investments (65) (55)
Net sales (purchases) of short-term investments — non-fiduciary 356 (1,344)
Acquisition of businesses, net of cash acquired (50) (172)
Sale of businesses, net of cash sold (8) 4,194
Capital expenditures (179) (125)
Cash provided by investing activities - continuing operations 84 2,541
Cash used for investing activities - discontinued operations 0 (19)
Cash provided by investing activities 84 2,522
Cash flows from financing activities    
Share repurchase (1,272) (1,888)
Issuance of shares for employee benefit plans (139) (118)
Issuance of debt 3,960 1,651
Repayment of debt (3,498) (1,998)
Cash dividends to shareholders (285) (274)
Noncontrolling interests and other financing activities (21) (21)
Cash used for financing activities - continuing operations (1,255) (2,648)
Cash used for financing activities - discontinued operations 0 0
Cash used for financing activities (1,255) (2,648)
Effect of exchange rates on cash and cash equivalents (76) 91
Net increase (decrease) in cash and cash equivalents (272) 318
Cash and cash equivalents at beginning of period 756 431
Cash and cash equivalents at end of period 484 749
Supplemental disclosures:    
Interest paid 172 195
Income taxes paid, net of refunds $ 274 $ 854