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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 $ 2,059 $ 1,608 $ 1,374
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 431 373 331
Stock-based compensation 220 193 169
Deferred income taxes (62) (38) 48
Non-cash restructuring and asset impairment/abandonment-related charges 32 35 29
Provision for credit losses on accounts receivable 15 22 25
FX translation losses reclassified to net income 0 0 20
Gain on extinguishment of debt 0 0 (70)
Gain on previously held/sold investments in non-consolidated affiliates (7) (4) 0
Changes in assets and liabilities:      
Accounts receivable (187) (12) 9
Other current assets (36) 119 (223)
Other assets (17) (69) (48)
Lease obligations (33) (26) (19)
Accounts payable and accrued liabilities 225 76 (161)
Deferred revenue 154 24 20
Unrecognized tax positions and other non-current tax liabilities 18 (129) (33)
Other liabilities 26 (21) 3
Net cash provided by operating activities 2,838 2,151 1,474
Cash flows from investing activities      
Capital additions (317) (271) (283)
Purchases of investments (651) (143) (246)
Sales and maturities of investments 135 162 216
Purchases of investments in non-consolidated affiliates (4) (5) (74)
Sales of/distributions from investments in non-consolidated affiliates 2 13 2
Cash paid for acquisitions, net of cash acquired (221) (3) (97)
Receipts from settlements of net investment hedges 0 0 220
Net cash used in investing activities (1,056) (247) (262)
Cash flows from financing activities      
Issuance of notes 496 0 988
Repayment of notes 0 (500) (626)
Proceeds from stock-based compensation plans 73 50 26
Repurchase of shares related to stock-based compensation (91) (71) (87)
Treasury shares (1,292) (490) (983)
Dividends (620) (564) (515)
Dividends to noncontrolling interests (7) (9) (1)
Debt issuance costs, extinguishment costs and related fees (5) 0 (10)
Net cash used in financing activities (1,446) (1,584) (1,208)
Effect of exchange rate changes on cash and cash equivalents (58) 41 (46)
Increase (decrease) in cash and cash equivalents 278 361 (42)
Cash and cash equivalents, beginning of period 2,130 1,769 1,811
Cash and cash equivalents, end of period $ 2,408 $ 2,130 $ 1,769