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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income (loss) $ 77 $ 35
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss (income) from discontinued operations (5) 0
Loss on extinguishment of debt 0 42
Depreciation and amortization 451 364
Stock-based compensation expense 97 119
Deferred income taxes 24 30
Loss (gain) on disposal of property, plant and equipment and other assets 4 0
Changes in assets and liabilities, net of effects of business acquired:    
Receivables (274) 240
Inventories (220) (165)
Current payables and accrued expenses 113 210
Contract liabilities (24) 5
Employee benefit plans (3) (30)
Other assets and liabilities 5 (43)
Net cash provided by operating activities 245 807
Investing activities    
Expenditures for property, plant and equipment (72) (68)
Proceeds from sale of property, plant and equipment and other assets 8 1
Additions to capitalized software (217) (174)
Business acquisitions, net of cash acquired (12) (2,466)
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 (298) (2,712)
Financing activities    
Payments on term credit facilities (31) (106)
Payments on revolving credit facilities (846) (1,431)
Repayments of Unsecured Debt 0 (400)
Borrowings on term credit facilities 0 1,505
Borrowings on revolving credit facilities 1,021 1,541
Proceeds from issuance of senior unsecured notes 0 1,200
Debt issuance costs and bridge commitment fees 0 (52)
Call premium paid on debt extinguishment 0 (37)
Cash dividend paid for Series A preferred shares dividends (11) (11)
Proceeds from employee stock plans 19 33
Tax withholding payments on behalf of employees (38) (28)
Net change in client funds obligations (6) (3)
Principal payments for finance lease obligations (12) (13)
Other financing activities (3) (2)
Net cash provided by (used in) financing activities 93 2,196
Cash flows from discontinued operations    
Net cash provided by (used in) operating activities of discontinued operations (1) (50)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (43) (12)
Increase (decrease) in cash, cash equivalents, and restricted cash (4) 229
Cash, cash equivalents and restricted cash at beginning of period 749 406
Cash, cash equivalents and restricted cash at end of period $ 745 $ 635