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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income (loss) $ 88 $ 126
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 0 0
Depreciation and amortization 176 160
Stock-based compensation expense 45 48
Deferred income taxes (30) (17)
Impairment of other assets 4 0
Gain on sale of property, plant and equipment (2) (6)
Changes in assets and liabilities:    
Receivables 253 (71)
Inventories (14) (64)
Current payables and accrued expenses (230) (144)
Contract liabilities 56 76
Employee benefit plans (3) (9)
Other assets and liabilities (60) (28)
Net cash provided by operating activities 283 71
Investing activities    
Expenditures for property, plant and equipment (18) (35)
Proceeds from sale of property, plant and equipment 7 11
Additions to capitalized software (122) (103)
Business acquisitions, net (25) (12)
Purchases of investments (6) 0
Proceeds from sales of investments 11 0
Other investing activities, net (1) 5
Net Cash Provided by (Used in) Investing Activities (154) (134)
Financing activities    
Short term borrowings, net 0 4
Payments on term credit facilities (4) (39)
Payments on revolving credit facilities (666) (914)
Proceeds from Issuance of Secured Debt 3 0
Borrowings on revolving credit facilities 1,404 897
Proceeds from Issuance of Unsecured Debt 400 0
Payments of Debt Issuance Costs (8) 0
Payments of Ordinary Dividends, Preferred Stock and Preference Stock (6) 0
Repurchases of Common Stock (41) 0
Proceeds from employee stock plans 9 10
Tax withholding payments on behalf of employees (25) (16)
Increase (Decrease) in Client Funds Held (3) 0
Proceeds from (Payments for) Other Financing Activities (6) 0
Net Cash Provided by (Used in) Financing Activities 1,057 (58)
Cash flows from discontinued operations    
Net cash provided by (used in) operating activities 6 (11)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (16) 1
Increase (decrease) in cash, cash equivalents, and restricted cash 1,176 (131)
Cash and cash equivalents at beginning of period 563 532
Cash, Cash Equivalents, Restricted Cash and Restricted Cash at end of period $ 1,739 $ 401