XML 51 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Consolidated net income $ 1,671 $ 1,923 $ 1,949
Adjustments to reconcile consolidated net income to net cash provided by operating activities:      
Depreciation and amortization 1,574 1,477 1,376
Deferred income tax expense (benefit) 100 25 (251)
Interest accretion on landfill liabilities 98 95 92
Provision for bad debts 39 54 43
Equity-based compensation expense 86 89 101
Net gain on disposal of assets (27) (47) (20)
(Gain) loss from divestitures, asset impairments and other, net 113 (58) 43
Equity in net losses of unconsolidated entities, net of dividends 55 41 39
Loss on early extinguishment of debt 85   6
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Receivables (53) (16) (271)
Other current assets (23) (16) 50
Other assets 10 (14) (66)
Accounts payable and accrued liabilities 243 203 126
Deferred revenues and other liabilities (97) (186) (37)
Net cash provided by operating activities 3,874 3,570 3,180
Cash flows from investing activities:      
Acquisitions of businesses, net of cash acquired (521) (460) (198)
Capital expenditures (1,818) (1,694) (1,509)
Proceeds from divestitures of businesses and other assets (net of cash divested) 49 208 99
Other, net (86) (223) (12)
Net cash used in investing activities (2,376) (2,169) (1,620)
Cash flows from financing activities:      
New borrowings 4,683 359 1,479
Debt repayments (533) (499) (1,907)
Premiums paid on early extinguishment of debt (84)   (8)
Net commercial paper borrowings (repayments) (1,001) 453 513
Common stock repurchase program (248) (1,004) (750)
Cash dividends (876) (802) (750)
Exercise of common stock options 67 52 95
Tax payments associated with equity-based compensation transactions (33) (29) (47)
Other, net (11) (38) 14
Net cash provided by (used in) financing activities 1,964 (1,508) (1,361)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents 2 (3)  
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 3,464 (110) 199
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 183 293 94
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 3,647 $ 183 $ 293