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Accounting Principles and Practices Accounting Principles and Practices (Tables) | 3 Months Ended
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Mar. 31, 2018
Accounting Policies [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The following tables summarize the impacts of adopting ASC 606 on the Company’s Condensed Consolidated Statement of Income, Financial Position, and Cash Flows as of and for the three months ended March 31, 2018. Condensed Consolidated Statement of Income
|  | Three Months Ended March 31, 2018
(millions) |  | As Reported |  | Adjustments |  | Balances Without Adoption of ASC 606
Revenue |  |  |  |  |  |  |  |
Total revenue |  | $ | 3,090 |  |  | $ | (413 | ) |  | $ | 2,677 |
Expenses |  |  |  |  |  |  |  |
Compensation and benefits |  | $ | 1,616 |  |  | $ | (65 | ) |  | $ | 1,551 |
Other income (expense) |  | $ | (15 | ) |  | $ | 1 |  |  | $ | (14 | )
Income taxes |  | $ | 114 |  |  | $ | (82 | ) |  | $ | 32 |
As a result of applying the modified retrospective method to adopt ASC 606, the following adjustments were made to the Condensed Consolidated Statement of Financial position as of January 1, 2018:
|  | December 31, 2017 |  |  |  | January 1, 2018
(millions) |  | As Reported |  | Adjustments |  | As Adjusted
ASSETS |  |  |  |  |  |  |  |
Receivables, net |  | $ | 2,478 |  |  | $ | 252 |  |  | $ | 2,730 |
Other current assets |  | $ | 289 |  |  | $ | 298 |  |  | $ | 587 |
Deferred tax assets |  | 389 |  |  | (128 | ) |  | 261 |
Other non-current assets |  | $ | 307 |  |  | $ | 145 |  |  | $ | 452 |
LIABILITIES |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 1,961 |  |  | $ | 8 |  |  | $ | 1,969 |
Other current liabilities |  | $ | 870 |  |  | $ | 13 |  |  | $ | 883 |
Deferred tax liabilities |  | $ | 127 |  |  | $ | 42 |  |  | $ | 169 |
Other non-current liabilities |  | $ | 1,102 |  |  | $ | (3 | ) |  | $ | 1,099 |
EQUITY |  |  |  |  |  |  |  |
Total equity |  | $ | 4,648 |  |  | $ | 507 |  |  | $ | 5,155 |
Condensed Consolidated Statement of Financial Position
|  | As of March 31, 2018
(millions) |  | As Reported |  | Adjustments |  | Balances Without Adoption of ASC 606
ASSETS |  |  |  |  |  |  |  |
Receivables, net |  | $ | 3,053 |  |  | $ | (644 | ) |  | $ | 2,409 |
Other current assets |  | $ | 609 |  |  | $ | (239 | ) |  | $ | 370 |
Deferred tax assets |  | $ | 296 |  |  | $ | 130 |  |  | $ | 426 |
Other non-current assets |  | $ | 439 |  |  | $ | (143 | ) |  | $ | 296 |
LIABILITIES |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 972 |  |  | $ | (52 | ) |  | $ | 920 |
Deferred tax liabilities |  | $ | 243 |  |  | $ | (68 | ) |  | $ | 175 |
Other non-current liabilities |  | $ | 1,105 |  |  | $ | 3 |  |  | $ | 1,108 |
EQUITY |  |  |  |  |  |  |  |
Total equity |  | $ | 5,385 |  |  | $ | (779 | ) |  | $ | 4,606 |
|  | Three Months Ended March 31, 2018
(millions) |  | As Reported |  | Adjustments |  | Balances Without Adoption of ASC 606
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |
Net income |  | $ | 610 |  |  | $ | (265 | ) |  | $ | 345 |
Deferred income taxes |  | $ | 26 |  |  | $ | (28 | ) |  | $ | (2 | )
Receivables, net |  | $ | (269 | ) |  | $ | 400 |  |  | $ | 131 |
Accounts payable and accrued liabilities |  | $ | (439 | ) |  | $ | 8 |  |  | $ | (431 | )
Current income taxes |  | $ | 30 |  |  | $ | (54 | ) |  | $ | (24 | )
Other assets and liabilities |  | $ | 38 |  |  | $ | (61 | ) |  | $ | (23 | )
Upon adoption of the guidance, the presentation of the results reflect a change in Operating income offset by an equal and offsetting change in Other income (expense) for the period ended March 31, 2017 as follows:
|  | Three Months Ended March 31, 2017
|  | As Reported |  | Adjustments |  | As Adjusted
Operating income (1) |  | $ | 343 |  |  | $ | (8 | ) |  | $ | 335 |
Other income (expense) |  | $ | (10 | ) |  | $ | 8 |  |  | $ | (2 | )
(1) | Reclassification from Operating income is recorded in Compensation and benefits.

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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