XML 41 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities:    
Net income $ 992 $ 808
Less: discontinued operations, net 0 15
Income from continuing operations 992 793
Adjustments to reconcile income from continuing operations to cash (used for) provided by operating activities from continuing operations:    
Depreciation 64 64
Amortization of intangibles 40 36
Provision for losses on accounts receivable 3 5
Deferred income taxes 166 (33)
Stock-based compensation 55 72
Other 139 106
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:    
Accounts receivable (44) 12
Prepaid and other current assets (6) (8)
Accounts payable and accrued expenses (186) (211)
Unearned revenue 18 7
Accrued legal and regulatory settlements (1,624) 0
Other current liabilities (53) (65)
Net change in prepaid/accrued income taxes 140 93
Net change in other assets and liabilities (60) (51)
Cash (used for) provided by operating activities from continuing operations (356) 820
Investing Activities:    
Capital expenditures (74) (52)
Acquisitions, net of cash acquired (2,393) (65)
Proceeds from dispositions 14 83
Changes in short-term investments (3) (1)
Cash used for investing activities from continuing operations (2,456) (35)
Financing Activities:    
Proceeds from issuance of senior notes, net 2,674 0
Dividends paid to shareholders (274) (245)
Dividends and other payments paid to noncontrolling interests (67) (31)
Contingent consideration payment (5) (11)
Purchase of CRISIL shares (16) 0
Repurchase of treasury shares (501) (362)
Exercise of stock options 77 159
Excess tax benefits from share-based payments 39 89
Cash provided by (used for) financing activities from continuing operations 1,927 (401)
Effect of exchange rate changes on cash from continuing operations (42) (24)
Cash (used for) provided by continuing operations (927) 360
Discontinued Operations:    
Cash (used for) provided by operating activities (129) 16
Cash provided by (used for) investing activities 0 0
Cash provided by (used for) financing activities 0 0
Cash (used for) provided by discontinued operations (129) 16
Net change in cash and cash equivalents (1,056) 376
Cash and cash equivalents at beginning of period 2,497 1,542
Cash and cash equivalents at end of period $ 1,441 $ 1,918