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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Activities:      
Net (loss) income $ (13) $ 1,466 $ 492
Less: income (loss) from discontinued operations 178 592 (209)
Net (loss) income from continuing operations (191) 874 701
Adjustments to reconcile (loss) income from continuing operations to cash provided by operating activities from continuing operations:      
Depreciation 86 86 93
Amortization of intangibles 48 51 48
Provision for losses on accounts receivable 11 22 32
Deferred income taxes (245) 43 53
Stock-based compensation 100 96 90
Accrued legal and regulatory settlements 1,587 0 0
Other 80 96 3
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:      
Accounts receivable (9) (35) (250)
Prepaid and other current assets (7) (29) 3
Accounts payable and accrued expenses (130) (94) 73
Unearned revenue 78 109 23
Other current liabilities (51) (89) (68)
Net change in prepaid / accrued income taxes (93) (238) 119
Net change in other assets and liabilities (55) (110) (190)
Cash provided by operating activities from continuing operations 1,209 782 730
Investing Activities:      
Capital expenditures (92) (117) (96)
Acquisitions, including contingent payments, net of cash acquired 71 47 177
Proceeds from dispositions 83 51 0
Changes in short-term investments 15 (17) 27
Cash used for investing activities from continuing operations (65) (130) (246)
Financing Activities:      
(Payments on) / additions to short-term debt 0 (457) 457
Payments on senior notes 0 0 (400)
Dividends paid to shareholders (326) (308) (984)
Dividends and other payments paid to noncontrolling interests (84) (75) (24)
Repurchase of treasury shares (362) (978) (295)
Exercise of stock options 193 258 299
Contingent payments (11) (12) 0
Purchase of additional CRISIL shares 0 (214) 0
Excess tax benefits from share-based payments 128 43 42
Cash used for financing activities from continuing operations (462) (1,743) (905)
Effect of exchange rate changes on cash from continuing operations (65) (1) 5
Cash provided by (used for) continuing operations 617 (1,092) (416)
Cash provided by (used for) operating activities 18 (231) 537
Cash provided by (used for) investing activities 320 2,129 (199)
Cash used for financing activities 0 (25) (12)
Effect of exchange rate changes on cash 0 1 3
Effect of change in cash and equivalents 0 0 12
Cash provided by discontinued operations 338 1,874 341
Net change in cash and equivalents 955 782 (75)
Cash and equivalents at beginning of year 1,542 760 835
Cash and equivalents at end of year 2,497 1,542 760
Cash paid during the year for:      
Interest (including discontinued operations) 50 50 77
Income taxes (including discontinued operations) $ 419 $ 787 $ 243