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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities:      
Net income (loss) $ 1,268 $ (13) $ 1,466
Less: income from discontinued operations 0 178 592
Net income (loss) from continuing operations 1,268 (191) 874
Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities from continuing operations:      
Depreciation 90 86 86
Amortization of intangibles 67 48 51
Provision for losses on accounts receivable 8 11 22
Deferred income taxes 280 (245) 43
Stock-based compensation 78 100 96
Accrued legal and regulatory settlements 119 1,587 0
Other 46 80 96
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:      
Accounts receivable (118) (9) (35)
Prepaid and other current assets (4) (7) (29)
Accounts payable and accrued expenses (92) (130) (94)
Unearned revenue 129 78 109
Accrued legal and regulatory settlement (1,624) (35) 0
Other current liabilities (78) (16) (89)
Net change in prepaid / accrued income taxes 61 (93) (238)
Net change in other assets and liabilities (35) (55) (110)
Cash provided by operating activities from continuing operations 195 1,209 782
Investing Activities:      
Capital expenditures (139) (92) (117)
Acquisitions, including contingent payments, net of cash acquired (2,396) (71) (47)
Proceeds from dispositions 14 83 51
Changes in short-term investments (4) 15 (17)
Cash used for investing activities from continuing operations (2,525) (65) (130)
Financing Activities:      
Additions to / (payments on) short-term debt, net 143 0 (457)
Proceeds from issuance of senior notes, net 2,674 0 0
Dividends paid to shareholders (363) (326) (308)
Dividends and other payments paid to noncontrolling interests (104) (84) (75)
Repurchase of treasury shares (974) (362) (978)
Exercise of stock options 86 193 258
Contingent consideration payment (5) (11) (12)
Purchase of additional CRISIL shares (16) 0 (214)
Excess tax benefits from share-based payments 69 128 43
Cash provided by (used for) financing activities from continuing operations 1,510 (462) (1,743)
Effect of exchange rate changes on cash from continuing operations (67) (65) (1)
Cash (used for) provided by continuing operations (887) 617 (1,092)
Discontinued Operations:      
Cash (used for) provided by operating activities (129) 18 (231)
Cash provided by investing activities 0 320 2,129
Cash used for financing activities 0 0 (25)
Effect of exchange rate changes on cash 0 0 1
Cash (used for) provided by discontinued operations (129) 338 1,874
Net change in cash and cash equivalents (1,016) 955 782
Cash and cash equivalents at beginning of year 2,497 1,542 760
Cash and cash equivalents at end of year 1,481 2,497 1,542
Cash paid during the year for:      
Interest (including discontinued operations) 65 50 50
Income taxes (including discontinued operations) $ 260 $ 419 $ 787