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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities:      
Net income $ 2,121 $ 1,638 $ 2,228
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 84 82 85
Amortization of intangibles 122 98 96
Provision for losses on accounts receivable 21 16 9
Deferred income taxes 81 0 79
Stock-based compensation 94 99 76
Gain on disposition 0 0 (1,101)
Accrued legal settlements 1 55 54
Other 52 96 30
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:      
Accounts receivable (164) (196) (177)
Prepaid and other current assets (1) 10 5
Accounts payable and accrued expenses (106) 75 19
Unearned revenue 70 85 107
Accrued legal settlements (108) (4) (150)
Other current liabilities (67) (85) (19)
Net change in prepaid/accrued income taxes (7) 32 174
Net change in other assets and liabilities (129) 15 45
Cash provided by operating activities 2,064 2,016 1,560
Investing Activities:      
Capital expenditures (113) (123) (115)
Acquisitions, net of cash acquired (401) (83) (177)
Contingent consideration payment 0 0 (34)
Proceeds from dispositions 6 2 1,498
Changes in short-term investments (5) (5) (1)
Cash (used for) provided by investing activities (513) (209) 1,171
Financing Activities:      
Payments on short-term debt, net 0 0 (143)
Proceeds from issuance of senior notes, net 489 0 493
Payments on senior notes (403) 0 (421)
Dividends paid to shareholders (503) (421) (380)
Distributions to noncontrolling interest holders (154) (111) (116)
Repurchase of treasury shares (1,660) (1,001) (1,123)
Exercise of stock options 34 75 88
Contingent consideration payment 0 0 (5)
Purchase of additional CRISIL shares (25) 0 0
Employee withholding tax on share-based payments (66) (49) (55)
Cash used for financing activities (2,288) (1,507) (1,662)
Effect of exchange rate changes on cash (84) 87 (158)
Net change in cash, cash equivalents, and restricted cash (821) 387 911
Cash, cash equivalents, and restricted cash at beginning of year 2,779 2,392 1,481
Cash, cash equivalents, and restricted cash at end of year 1,958 2,779 2,392
Cash paid during the year for:      
Interest 151 139 150
Income taxes $ 558 $ 709 $ 683