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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income (loss) $ 8 $ 22
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss (income) from discontinued operations (5) 0
Depreciation and amortization 299 212
Stock-based compensation expense 69 81
Deferred income taxes 6 26
Loss (gain) on disposal of property, plant and equipment and other assets 2 0
Changes in assets and liabilities, net of effects of business acquired:    
Receivables (209) (78)
Inventories (202) (81)
Current payables and accrued expenses 58 134
Contract liabilities 34 43
Employee benefit plans 6 (21)
Other assets and liabilities 52 (28)
Net cash provided by operating activities 118 310
Investing activities    
Expenditures for property, plant and equipment (32) (30)
Proceeds from sale of property, plant and equipment and other assets 3 0
Additions to capitalized software (142) (110)
Business acquisitions, net of cash acquired (1) (2,464)
Purchases of short-term investments 0 (13)
Proceeds from sales of short-term investments 0 14
Other investing activities, net (5) (6)
Net cash used in investing activities (177) (2,609)
Financing activities    
Short term borrowings, net 2 0
Payments on term credit facilities (4) (105)
Payments on revolving credit facilities (599) (685)
Borrowings on term credit facilities 0 1,505
Borrowings on revolving credit facilities 637 809
Proceeds from issuance of senior unsecured notes 0 1,200
Debt issuance costs and bridge commitment fees 0 (51)
Cash dividend paid for Series A preferred shares dividends (8) (8)
Proceeds from employee stock plans 14 18
Tax withholding payments on behalf of employees (36) (25)
Net change in client funds obligations (3) (8)
Principal payments for finance lease obligations (8) (8)
Other financing activities (2) (1)
Net cash provided by (used in) financing activities (7) 2,641
Cash flows from discontinued operations    
Net cash provided by (used in) operating activities of discontinued operations 0 (47)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (19) (4)
Increase (decrease) in cash, cash equivalents, and restricted cash (85) 291
Cash, cash equivalents and restricted cash at beginning of period 749 406
Cash, cash equivalents and restricted cash at end of period $ 664 $ 697