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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 606 $ 497
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes 20 (21)
Provision for inventories 12 20
Depreciation and amortization 40 38
Amortization of capitalized software development costs and intellectual property licenses [1] 225 97
Amortization of debt discount and debt financing costs 4 3
Stock-based compensation expense [2] 43 52
Excess tax benefits from stock awards (23) (23)
Changes in operating assets and liabilities:    
Accounts receivable, net 445 402
Inventories (9) 1
Software development and intellectual property licenses (171) (161)
Other assets 166 182
Deferred revenues (903) (622)
Accounts payable (122) (190)
Accrued expenses and other liabilities 11 (33)
Net cash provided by operating activities 344 242
Cash flows from investing activities:    
Proceeds from maturities of available-for-sale investments 0 21
Purchases of available-for-sale investments (100) 0
Capital expenditures (49) (62)
Decrease in restricted cash 5 7
Net cash used in investing activities (144) (34)
Cash flows from financing activities:    
Proceeds from issuance of common stock to employees 61 137
Tax payment related to net share settlements on restricted stock rights (24) (34)
Excess tax benefits from stock awards 23 23
Dividends paid (170) (147)
Repayment of long-term debt (250) (375)
Net cash used in financing activities (360) (396)
Effect of foreign exchange rate changes on cash and cash equivalents (272) (23)
Net decrease in cash and cash equivalents (432) (211)
Cash and cash equivalents at beginning of period 4,848 4,410
Cash and cash equivalents at end of period $ 4,416 $ 4,199
[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.