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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Consolidated net income $ 772 $ 668
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 972 816
Deferred income tax benefit (67) (35)
Interest accretion on landfill liabilities 53 49
Provision for bad debts 17 36
Equity-based compensation expense 45 23
Net gain on disposal of assets (12) (7)
Loss from divestitures, asset impairments and other, net 17 68
Equity in net losses of unconsolidated entities, net of dividends 22 33
Loss on early extinguishment of debt, net 220  
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Receivables (24) 185
Other current assets (22) (1)
Other assets 9 14
Accounts payable and accrued liabilities 213 (171)
Deferred revenues and other liabilities (52) (57)
Net cash provided by operating activities 2,163 1,621
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (10) (1)
Capital expenditures (666) (895)
Proceeds from divestitures of businesses and other assets (net of cash divested) 17 15
Other, net (49) (37)
Net cash used in investing activities (708) (918)
Cash flows from financing activities:    
New borrowings 1,707  
Debt repayments (2,326) (705)
Premiums and other paid on early extinguishment of debt (211)  
Common stock repurchase program (500) (402)
Cash dividends (489) (466)
Exercise of common stock options 41 42
Tax payments associated with equity-based compensation transactions (28) (34)
Other, net (4) (10)
Net cash used in financing activities (1,810) (1,575)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents 4 (3)
Decrease in cash, cash equivalents and restricted cash and cash equivalents (351) (875)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 648 3,647
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 297 $ 2,772