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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 528 $ 296 $ 463
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 172 176 204
Share-based compensation 89 55 88
Deferred income taxes (94) (36) (210)
Unrealized gain on forward interest rate swaps (31) (9) (83)
Other, net 14 3 5
Changes in operating assets and liabilities:      
Accounts receivable, net (181) 249 (5)
Inventories, net 105 50 (341)
Other assets 9 (25) (48)
Accounts payable 176 (365) 92
Accrued liabilities 131 (97) (51)
Deferred revenue (13) 12 60
Income taxes 68 (168) 108
Settlement liability (45) (180) 225
Cash receipts (payments) on forward interest rate swaps 86 26 (6)
Other operating activities (1) 9 (13)
Net cash provided by (used in) operating activities 1,013 (4) 488
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired 0 0 (881)
Purchases of property, plant and equipment (59) (87) (75)
Proceeds from sale (purchases) of short-term investments 5 (4) 0
Purchases of long-term investments (3) (1) (12)
Net cash used in investing activities (57) (92) (968)
Cash flows from financing activities:      
Proceeds from issuance of debt 651 440 1,284
Payments of debt (694) (245) (247)
Payment of debt issuance costs, extinguishment costs and discounts (9) 0 (8)
Payments for repurchases of common stock (47) (52) (751)
Net payments related to share-based compensation plans (30) (8) (14)
Change in unremitted cash collections from servicing factored receivables (61) (18) (11)
Net cash (used in) provided by financing activities (190) 117 253
Effect of exchange rate changes on cash and cash equivalents, including restricted cash (3) 0 0
Net increase (decrease) in cash and cash equivalents, including restricted cash 763 21 (227)
Cash and cash equivalents, including restricted cash, at beginning of period 138 117 344
Cash and cash equivalents, including restricted cash, at end of period 901 138 117
Less restricted cash, included in Prepaid expenses and other current assets 0 (1) (12)
Cash and cash equivalents at end of period 901 137 105
Supplemental disclosures of cash flow information:      
Income taxes paid 124 252 168
Interest paid inclusive of forward interest rate swaps $ 55 $ 111 $ 58