XML 21 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net income $ 1,035 $ 887
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 40 39
Amortization of intangibles 57 49
Provision for losses on accounts receivable 10 13
Stock-based compensation 46 41
Other 102 26
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:    
Accounts receivable 19 (49)
Prepaid and other current assets (19) (13)
Accounts payable and accrued expenses (217) (139)
Unearned revenue 41 (17)
Accrued legal settlements (29) (4)
Other current liabilities (69) (85)
Net change in prepaid/accrued income taxes 24 (45)
Net change in other assets and liabilities (137) (29)
Cash provided by operating activities 903 674
Investing Activities:    
Capital expenditures (60) (56)
Acquisitions, net of cash acquired (246) (70)
Proceeds from dispositions 0 2
Changes in short-term investments 1 0
Cash used for investing activities (305) (124)
Financing Activities:    
Proceeds from issuance of senior notes, net 489 0
Payments on senior notes (403) 0
Dividends paid to shareholders (253) (212)
Distributions to noncontrolling interest holders (78) (54)
Purchase of CRISIL shares (25) 0
Repurchase of treasury shares (1,100) (346)
Exercise of stock options 16 38
Employee withholding tax on share-based payments (50) (44)
Cash used for financing activities (1,404) (618)
Effect of exchange rate changes on cash from continuing operations (38) 60
Net change in cash, cash equivalents, and restricted cash (844) (8)
Cash, cash equivalents, and restricted cash at beginning of period 2,779 2,392
Cash, cash equivalents, and restricted cash at end of period $ 1,935 $ 2,384