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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 148 $ 125
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 158 162
Amortization of financing costs 2 1
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets (29) (23)
Gain on disposition of real estate assets (13) 0
Net realized and unrealized (gains) losses, primarily from investments (5) 0
Provision for doubtful accounts 3 4
Net compensation expense for equity awards 30 18
Equity loss (income) from unconsolidated subsidiaries 58 (142)
Distribution of earnings from unconsolidated subsidiaries 22 178
Proceeds from sale of mortgage loans 2,054 2,167
Origination of mortgage loans (2,216) (2,495)
Increase in warehouse lines of credit 173 335
Tenant concessions received 7 1
Purchase of equity securities (11) (2)
Proceeds from sale of equity securities 10 2
Increase in real estate under development (5) (6)
Decrease (increase) in receivables, prepaid expenses and other assets (including contract and lease assets) 244 (73)
Decrease in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities) (211) (74)
Decrease in compensation and employee benefits payable and accrued bonus and profit sharing (824) (844)
Increase in net income taxes receivable/payable (43) (57)
Other operating activities, net (44) (22)
Net cash used in operating activities (492) (745) Close
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (68) (60)
Acquisition of businesses, including net assets acquired and goodwill, net of cash acquired (783) (45)
Contributions to unconsolidated subsidiaries (28) (29)
Distributions from unconsolidated subsidiaries 22 15
Acquisition and development of real estate assets (59) 0
Other investing activities, net 16 4
Net cash used in investing activities (900) (115) Close
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 1,070 1,660
Repayment of revolving credit facility (250) (629)
Proceeds from notes payable on real estate 2 0
Repurchase of common stock 0 (130)
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) (8) (60)
Units repurchased for payment of taxes on equity awards (97) (46)
Non-controlling interest contributions 1 0
Other financing activities, net (21) (34)
Net cash provided by financing activities 1,192 761 Close
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash (44) 14 Close
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (244) (85) Close
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 1,371 1,405
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD 1,127 1,320
Cash paid during the period for:    
Interest 100 39
Income tax payments, net 90 82
Non-cash investing and financing activities:    
Deferred and/or contingent consideration 11 0
5.500% Senior Notes | Senior Notes    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance $ 495 $ 0