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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income $ 62 $ 33 $ 147
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 116 134 149
Stock-based compensation expense 126 126 112
Deferred income taxes (11) (26) 14
Blue chip swap losses 13 0 0
Changes in assets and liabilities:      
Receivables 78 (28) (5)
Inventories (5) 18 3
Account payables and accrued expenses 7 35 17
Deferred revenue (5) 18 42
Other assets and liabilities (6) 109 (16)
Net cash provided by operating activities 375 419 463
Investing activities      
Expenditures for property and equipment (19) (14) (28)
Additions to capitalized software (1) (2) (3)
Business acquisitions, other investing activities and proceeds on Blue Chip Swap, net of purchases (29) (2) 0
Net cash used in investing activities (49) (18) (31)
Financing activities      
Repurchases of common stock (308) (387) (244)
Proceeds from long-term borrowings 0 500 0
Repayments of long-term borrowings 0 (413) (44)
Payments of finance leases (82) (86) (92)
Other financing activities, net 7 5 24
Net cash used in financing activities (383) (381) (356)
Effect of exchange rate changes on cash and cash equivalents (28) (44) (14)
(Decrease) increase in cash, cash equivalents and restricted cash (85) (24) 62
Cash, cash equivalents and restricted cash at beginning of year 571 595 533
Cash, cash equivalents and restricted cash at end of year 486 571 595
Reconciliation of cash, cash equivalents and restricted cash to the Consolidated Balance Sheets      
Cash and cash equivalents 486 569 592
Restricted cash 0 2 3
Total cash, cash equivalents and restricted cash 486 571 595
Supplemental cash flow disclosure:      
Assets acquired by finance lease 90 78 76
Assets acquired by operating lease 6 4 9
Annual variable incentive payout settled in equity 0 0 17
Cash paid during the year for:      
Income taxes, net 65 (18) 44
Interest $ 30 $ 23 $ 26