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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income (loss) $ 215 $ (39)
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 15 38
Depreciation and amortization 249 249
Stock-based compensation expense 76 55
Deferred income taxes (35) (15)
Goodwill and Long-Lived Intangible Asset Impairment 0 193
Gain on sale of property, plant and equipment (6) (2)
Changes in assets and liabilities:    
Receivables (154) (102)
Inventories (78) (182)
Current payables and accrued expenses (68) 31
Contract liabilities 37 (36)
Employee benefit plans (13) (18)
Other assets and liabilities (12) (9)
Net cash provided by operating activities 226 163
Investing activities    
Expenditures for property, plant and equipment (53) (104)
Proceeds from sale of property, plant and equipment 11 3
Additions to capitalized software (167) (130)
Business acquisitions, net (86) 0
Other investing activities, net 5 (4)
Net Cash Provided by (Used in) Investing Activities (292) (235)
Net change in funds held for clients - investing (2) 0
Financing activities    
Short term borrowings, net 4 7
Payments on term credit facilities (759) (51)
Payments on revolving credit facilities (2,079) (1,433)
Borrowings on revolving credit facilities 2,459 1,608
Repayments of Unsecured Debt (500) 0
Proceeds from Issuance of Secured Debt 350 0
Proceeds from Issuance of Unsecured Debt 1,000 0
Payments of Debt Issuance Costs (28) 0
Repurchase of Series A Convertible Preferred Stock (302) 0
Repurchases of Company common stock (96) (210)
Proceeds from employee stock plans 12 16
Tax withholding payments on behalf of employees (29) (30)
Increase (Decrease) in Client Funds Held 2 0
Proceeds from (Payments for) Other Financing Activities (1) 0
Net Cash Provided by (Used in) Financing Activities 33 (93)
Cash flows from discontinued operations    
Net cash used in operating activities (27) (23)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7) (12)
Decrease in cash, cash equivalents, and restricted cash (67) (200)
Cash, cash equivalents and restricted cash at beginning of period 476 543
Cash, cash equivalents and restricted cash at end of period $ 409 $ 343