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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities:    
Net income $ 1,068 $ 860
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 23 25
Amortization of intangibles 264 262
Provision for losses on accounts receivable 15 8
Deferred income taxes (67) (167)
Stock-based compensation 33 46
Gain on disposition 0 (50)
Other 81 10
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:    
Accounts receivable (185) 23
Prepaid and other current assets 63 (98)
Accounts payable and accrued expenses (602) (343)
Unearned revenue 84 61
Other current liabilities (194) (158)
Net change in prepaid/accrued income taxes 192 169
Net change in other assets and liabilities 173 (54)
Cash provided by operating activities 948 594 Close
Investing Activities:    
Capital expenditures (24) (28)
Acquisitions, net of cash acquired (1) (272)
Proceeds from dispositions 0 50
Changes in short-term investments 5 (3)
Cash used for investing activities (20) (253) Close
Financing Activities:    
Additions to short-term debt, net 250 710
Dividends paid to shareholders (286) (290)
Distributions to noncontrolling interest holders, net (73) (78)
Repurchase of treasury shares (500) (500)
Exercise of stock options and other 1 3
Employee withholding tax on share-based payments (49) (75)
Cash used for financing activities (657) (230) Close
Effect of exchange rate changes on cash (18) 7 Close
Net change in cash, cash equivalents, and restricted cash 253 118 Close
Cash, cash equivalents, and restricted cash at beginning of period 1,291 1,287
Cash, cash equivalents, and restricted cash at end of period $ 1,544 $ 1,405