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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net income (loss) $ 10 $ (35)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss (income) from discontinued operations 0 1
Depreciation and amortization 151 147
Stock-based compensation expense 32 34
Deferred income taxes 6 4
Loss (gain) on disposal of property, plant and equipment and other assets 2 2
(Gain) loss on divestiture (3) 0
Changes in assets and liabilities, net of effects of business acquired:    
Receivables 63 (129)
Inventories (45) (77)
Current payables and accrued expenses 20 (63)
Contract liabilities 95 105
Employee benefit plans (16) (8)
Other assets and liabilities 2 57
Net cash provided by operating activities 317 38
Investing activities    
Expenditures for property, plant and equipment (19) (15)
Additions to capitalized software (64) (65)
Business acquisitions, net of cash acquired (6) (1)
Proceeds from divestiture, net 3 0
Other investing activities, net 0 (5)
Net cash used in investing activities (86) (86)
Financing activities    
Short term borrowings, net 0 2
Payments on term credit facilities (26) (2)
Payments on revolving credit facilities (448) (279)
Borrowings on revolving credit facilities 318 312
Cash dividend paid for Series A preferred shares dividends (4) (4)
Proceeds from employee stock plans 6 6
Tax withholding payments on behalf of employees (16) (36)
Net change in client funds obligations 0 6
Principal payments for finance lease obligations (5) (4)
Net cash provided by (used in) financing activities (175) 1
Cash flows from discontinued operations    
Net cash provided by (used in) operating activities of discontinued operations (6) (4)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (10) (6)
Increase (decrease) in cash, cash equivalents, and restricted cash 40 (57)
Cash, cash equivalents and restricted cash at beginning of period 740 749
Cash, cash equivalents and restricted cash at end of period $ 780 $ 692