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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net income $ 363 $ 327
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 139 120
Stock-based compensation expense 22 17
Below market intangible amortization (10) (10)
Changes in operating assets and liabilities, net of acquisitions and dispositions:    
Accounts receivable and unbilled accounts receivable (305) (226)
Inventories (28) (29)
Accounts payable 20 13
Accrued income taxes 62 44
Current and noncurrent customer deposits (64) 31
Other accrued liabilities 12 (13)
Other operating activities (12) (83)
Net cash provided by operating activities 199 191
Investing Activities    
Acquisitions of businesses, net of cash acquired (1,062) 0
Purchase of property, plant and equipment (46) (44)
Other investing activities 3 0
Net cash used for investing activities (1,105) (44)
Financing Activities    
Proceeds from debt, net of issuance costs 1,682 196
Payments of debt (670) (192)
Repurchase of stock (242) (98)
Cash dividends (53) (43)
Payment of income tax withholding on share-based compensation (53) (34)
Other financing activities (8) (1)
Net cash provided by (used for) financing activities 656 (172)
Effect of changes in currency exchange rates (8) 8
Decrease in cash (258) (17)
Cash, cash equivalents and restricted cash, beginning of period 789 715
Cash, cash equivalents and restricted cash, end of period $ 531 $ 698