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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities:    
Net income $ 1,717 $ 1,570
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 61 60
Amortization of intangibles 92 91
Provision for losses on accounts receivable 17 16
Deferred income taxes 15 21
Stock-based compensation 53 73
Gain on dispositions (49) 0
Pension settlement charge, net of taxes 85 0
Other 49 20
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:    
Accounts receivable (50) 62
Prepaid and other current assets (59) 1
Accounts payable and accrued expenses (54) (167)
Unearned revenue (27) (72)
Accrued legal settlements (1) (180)
Other current liabilities (81) (18)
Net change in prepaid/accrued income taxes 58 62
Net change in other assets and liabilities (54) (138)
Cash provided by operating activities 1,772 1,401
Investing Activities:    
Capital expenditures (77) (88)
Acquisitions, net of cash acquired (25) (263)
Proceeds from dispositions 85 0
Changes in short-term investments (3) 5
Cash used for investing activities (20) (346)
Financing Activities:    
Proceeds from issuance of senior notes, net 0 489
Payments on senior notes 0 (403)
Dividends paid to shareholders (421) (379)
Distributions to noncontrolling interest holders, net (100) (116)
Purchase of CRISIL shares 0 (25)
Repurchase of treasury shares (1,144) (1,108)
Exercise of stock options 38 24
Employee withholding tax on share-based payments and other (57) (61)
Cash used for financing activities (1,684) (1,579)
Effect of exchange rate changes on cash (7) (52)
Net change in cash, cash equivalents, and restricted cash 61 (576)
Cash, cash equivalents, and restricted cash at beginning of period 1,958 2,779
Cash, cash equivalents, and restricted cash at end of period $ 2,019 $ 2,203