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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income (loss) $ (95) $ 77
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss (income) from discontinued operations 1 (5)
Depreciation and amortization 461 451
Stock-based compensation expense 98 97
Deferred income taxes 204 24
Gain on terminated interest rate derivative agreements (103) 0
Impairment of other assets 7 0
Loss (gain) on disposal of property, plant and equipment and other assets (2) 4
(Gain) loss on divestiture (10) 0
Changes in assets and liabilities, net of effects of business acquired:    
Receivables 122 (274)
Inventories (12) (220)
Current payables and accrued expenses 16 113
Contract liabilities (6) (24)
Employee benefit plans (10) (3)
Other assets and liabilities 57 5
Net cash provided by operating activities 728 245
Investing activities    
Expenditures for property, plant and equipment (112) (72)
Proceeds from sale of property, plant and equipment and other assets 8 8
Additions to capitalized software (194) (217)
Business acquisitions, net of cash acquired (7) (12)
Proceeds from divestiture 10 0
Purchases of investments (10) 0
Other investing activities, net 0 (5)
Net cash used in investing activities (305) (298)
Financing activities    
Payments on term credit facilities (77) (31)
Payments on revolving credit facilities (2,044) (846)
Borrowings on term credit facilities 726 0
Borrowings on revolving credit facilities 1,959 1,021
Proceeds from issuance of senior unsecured notes 1,333 0
Payments on other financing arrangements (2) 0
Cash dividend paid for Series A preferred shares dividends (11) (11)
Proceeds from employee stock plans 23 19
Tax withholding payments on behalf of employees (16) (38)
Net change in client funds obligations 0 (6)
Principal payments for finance lease obligations (12) (12)
Other financing activities 0 (3)
Net cash provided by (used in) financing activities 1,879 93
Cash flows from discontinued operations    
Net cash provided by (used in) operating activities of discontinued operations (1) (1)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (28) (43)
Increase (decrease) in cash, cash equivalents, and restricted cash 2,273 (4)
Cash, cash equivalents and restricted cash at beginning of period 740 749
Cash, cash equivalents and restricted cash at end of period $ 3,013 $ 745