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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 892 $ 835 $ 1,010
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income taxes (27) (44) 161
Provision for inventories 43 39 33
Depreciation and amortization 95 90 108
Loss on disposal of property and equipment 0 1 0
Amortization of capitalized software development costs and intellectual property licenses [1] 399 256 207
Amortization of debt discount and debt financing costs 7 7 1
Stock-based compensation expense [2] 92 104 108
Excess tax benefits from stock awards (67) (39) (29)
Changes in operating assets and liabilities:      
Accounts receivable, net (40) (177) 198
Inventories (54) (2) 6
Software development and intellectual property licenses (350) (349) (268)
Other assets 21 18 (67)
Deferred revenues (27) 475 (275)
Accounts payable (25) (12) 7
Accrued expenses and other liabilities 233 90 64
Net cash provided by operating activities 1,192 1,292 1,264
Cash flows from investing activities:      
Proceeds from maturities of available-for-sale investments 145 21 304
Proceeds from sales of available-for-sale investments 0 0 98
Purchases of available-for-sale investments (145) 0 (26)
Acquisition of business (see Note 23) (46) 0 0
Cash in escrow (see Note 24) (3,561) 0 0
Capital expenditures (111) (107) (74)
Decrease in restricted cash 2 2 6
Net cash (used in) provided by investing activities (3,716) (84) 308
Cash flows from financing activities:      
Proceeds from issuance of common stock to employees 106 175 158
Tax payment related to net share settlements on restricted stock rights (83) (66) (49)
Excess tax benefits from stock awards 67 39 29
Repurchase of common stock 0 0 (5,830)
Dividends paid (170) (147) (216)
Proceeds from issuance of long-term debt 0 0 4,750
Repayment of long-term debt (250) (375) (6)
Payment of debt financing costs (7) 0 (59)
Proceeds received from shareholder settlement 202 0 0
Net cash used in financing activities (135) (374) (1,223)
Effect of foreign exchange rate changes on cash and cash equivalents (366) (396) 102
Net (decrease) increase in cash and cash equivalents (3,025) 438 451
Cash and cash equivalents at beginning of period 4,848 4,410 3,959
Cash and cash equivalents at end of period $ 1,823 $ 4,848 $ 4,410
[1] Excludes deferral and amortization of stock-based compensation expense.
[2] Includes the net effects of capitalization, deferral, and amortization of stock-based compensation expense.