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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income (loss) $ 59 $ 98 $ (78)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Loss (income) from discontinued operations 4 0 72
Loss on debt extinguishment 0 42 20
Depreciation and amortization 610 517 364
Stock-based compensation expense 125 154 108
Deferred income taxes 60 89 (112)
Loss (gain) on disposal of property, plant and equipment and other assets (10) 0 (1)
Loss on divestiture 9 0 0
Impairment of other assets 0 24 46
Bargain purchase gain on acquisition 0 0 (7)
Changes in assets and liabilities:      
Receivables (216) 215 420
Inventories (188) (195) 168
Current payables and accrued expenses 29 255 (295)
Contract liabilities (1) (15) 2
Employee benefit plans (61) (147) (51)
Other assets and liabilities 27 40 (15)
Net cash provided by operating activities 447 1,077 641
Investing activities      
Expenditures for property, plant and equipment (92) (106) (31)
Proceeds from sales of property, plant and equipment 10 1 7
Additions to capitalized software (285) (242) (232)
Business acquisitions, net of cash acquired (13) (2,473) (25)
Proceeds from divestiture, net (2) 0 0
Purchases of short-term investments 0 (13) (20)
Proceeds from sale of short-term investments 0 14 27
Other investing activities, net (5) (7) (3)
Net cash used in investing activities (387) (2,826) (277)
Financing activities      
Short term borrowings, net 1 0 0
Payments on term credit facilities (63) (107) (12)
Borrowings on term credit facilities 0 1,505 4
Payments on revolving credit facilities (1,192) (1,650) (1,998)
Borrowings on revolving credit facilities 1,333 1,756 1,535
Payments of senior unsecured notes 0 (400) (1,300)
Proceeds from issuance of senior unsecured and other notes 12 1,200 1,500
Debt issuance costs and bridge commitment fees 0 (53) (21)
Call premium paid on debt extinguishment 0 (37) (15)
Cash paid for Series A Convertible Preferred Stock dividends (15) (15) (9)
Repurchases of common stock 0 0 (41)
Tax withholding payments on behalf of employees (59) (50) (28)
Proceeds from employee stock plans 31 44 17
Net change in client funds obligations (28) 4 12
Repurchase of Series A Preferred shares 0 0 (144)
Principal payments for finance lease obligations (15) (17) (13)
Other financing activities (4) (2) (1)
Net cash provided by (used in) financing activities 1 2,178 (514)
Cash flows from discontinued operations      
Net cash provided by (used in) operating activities of discontinued operations (20) (68) 0
Effect of exchange rate changes on cash, cash equivalents and restricted cash (50) (18) (7)
Increase (decrease) in cash, cash equivalents and restricted cash (9) 343 (157)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash at beginning of period 749 406 563
Cash, cash equivalents and restricted cash at end of period $ 740 $ 749 $ 406