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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 1,661 $ 1,271
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and other amortization 815 717
Amortization of acquisition-related intangible assets 744 868
Amortization of financing costs and debt discounts 22 20
Share-based compensation 185 199
Deferred income taxes (207) (186)
Net loss on sale of businesses and other assets 0 4
Loss from investments in unconsolidated affiliates 16 9
Distributions from unconsolidated affiliates 19 30
Non-cash impairment charges 14 0
Other operating activities 21 (1)
Changes in assets and liabilities, net of effects from acquisitions and dispositions:    
Trade accounts receivable (176) 131
Prepaid expenses and other assets (420) (430)
Contract costs (104) (116)
Accounts payable and other liabilities (448) (573)
Contract liabilities 30 65
Net cash provided by operating activities 2,172 2,008
Cash flows from investing activities:    
Capital expenditures, including capitalized software and other intangibles (768) (679)
Merchant cash advances, net (451) 0
Distributions from unconsolidated affiliates 39 79
Purchases of investments (35) (11)
Proceeds from sale of investments 8 0
Other investing activities 0 (2)
Net cash used in investing activities (1,207) (613)
Cash flows from financing activities:    
Debt proceeds 3,189 3,160
Debt repayments (1,457) (978)
Net borrowings from (repayments of) commercial paper and short-term borrowings 532 (767)
Payments of debt financing costs (14) (21)
Proceeds from issuance of treasury stock 58 53
Purchases of treasury stock, including employee shares withheld for tax obligations (3,230) (2,603)
Settlement activity, net (150) (515)
Distributions paid to noncontrolling interests and redeemable noncontrolling interest (41) (14)
Payments of acquisition-related contingent consideration 0 (30)
Other financing activities (1) (35)
Net cash used in financing activities (1,114) (1,750)
Effect of exchange rate changes on cash and cash equivalents (12) 19
Net change in cash and cash equivalents (161) (336)
Cash and cash equivalents, beginning balance 2,963 3,192
Cash and cash equivalents, ending balance $ 2,802 $ 2,856