XML 23 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Consolidated net income $ 1,923 $ 1,949 $ 1,180
Adjustments to reconcile consolidated net income to net cash provided by operating activities:      
Depreciation and amortization 1,477 1,376 1,301
Deferred income tax expense (benefit) 25 (251) 73
Interest accretion on landfill liabilities 95 92 91
Provision for bad debts 54 43 42
Equity-based compensation expense 89 101 90
Net gain on disposal of assets (47) (20) (24)
(Gain) loss from divestitures, asset impairments and other, net (58) 49 114
Equity in net losses of unconsolidated entities, net of dividends 41 39 44
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Receivables (16) (271) (78)
Other current assets (16) 50 (12)
Other assets (14) (66) 75
Accounts payable and accrued liabilities 203 126 192
Deferred revenues and other liabilities (186) (37) (85)
Net cash provided by operating activities 3,570 3,180 3,003
Cash flows from investing activities:      
Acquisitions of businesses, net of cash acquired (460) (198) (608)
Capital expenditures (1,694) (1,509) (1,339)
Proceeds from divestitures of businesses and other assets (net of cash divested) 208 99 43
Other, net (223) (12) (25)
Net cash used in investing activities (2,169) (1,620) (1,929)
Cash flows from financing activities:      
New borrowings 359 1,479 3,057
Debt repayments (499) (1,907) (2,682)
Net commercial paper borrowings 453 513  
Common stock repurchase program (1,004) (750) (725)
Cash dividends (802) (750) (726)
Exercise of common stock options 52 95 63
Tax payments associated with equity-based compensation transactions (29) (47) (30)
Other, net (38) 6 (41)
Net cash used in financing activities (1,508) (1,361) (1,084)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents (3)    
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents (110) 199 (10)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 293 94 104
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 183 $ 293 $ 94