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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Consolidated net income $ 729 $ 894
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 775 731
Deferred income tax expense (benefit) (12) (21)
Interest accretion on landfill liabilities 47 47
Provision for bad debts 19 22
Equity-based compensation expense 43 41
Net gain on disposal of assets (5) (10)
(Gain) loss from divestitures, asset impairments and other, net 78 (42)
Equity in net losses of unconsolidated entities, net of dividends 25 20
Loss on early extinguishment of debt 84  
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Receivables 19 202
Other current assets (5) (9)
Other assets 4 (2)
Accounts payable and accrued liabilities 127 31
Deferred revenues and other liabilities (28) (120)
Net cash provided by operating activities 1,900 1,784
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (440) (263)
Capital expenditures (1,049) (836)
Proceeds from divestitures of businesses and other assets (net of cash divested) 20 96
Other, net (96) (7)
Net cash used in investing activities (1,565) (1,010)
Cash flows from financing activities:    
New borrowings 3,971 83
Debt repayments (385) (196)
Premiums paid on early extinguishment of debt (84)  
Net commercial paper borrowings (repayments) (1,001) 443
Common stock repurchase program (248) (550)
Cash dividends (440) (406)
Exercise of common stock options 45 33
Tax payments associated with equity-based compensation transactions (30) (28)
Other, net (6) (26)
Net cash provided by (used in) financing activities 1,822 (647)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents 2 (1)
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 2,159 126
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 183 293
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 2,342 $ 419