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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 108 $ 427 $ 413
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 170 138 137
Share-based compensation 86 68 62
Excess tax benefits related to share-based payments (54) (45) (15)
Deferred income taxes (136) (14) (6)
Non-cash restructuring charges 8 136 0
Non-cash merger and strategic initiatives 0 0 20
Asset impairment charges 578 0 49
Net income from unconsolidated investees (2) (17) 0
Other reconciling items included in net income 9 7 28
Net change in operating assets and liabilities, net of effects of acquisitions:      
Receivables, net (24) 55 (16)
Other assets (18) (41) (84)
Accounts payable and accrued expenses 5 (38) (40)
Section 31 fees payable to SEC 5 (26) 42
Accrued personnel costs 27 33 (4)
Deferred revenue (15) (49) 64
Other liabilities (25) 48 (18)
Net cash provided by operating activities 722 682 632
Cash flows from investing activities:      
Purchases of trading securities (443) (346) (283)
Proceeds from sales and redemptions of trading securities 392 319 281
Purchases of available-for-sale investment securities (25) (38) (20)
Proceeds from maturities of available-for-sale investment securities 19 29 17
Capital contribution in equity method investment 0 (30) 0
Acquisition of businesses, net of cash and cash equivalents acquired (1,460) (226) 0
Purchases of property and equipment (134) (133) (140)
Other investment activities (6) (10) (10)
Net cash used in investing activities (1,657) (435) (155)
Cash flows from financing activities:      
Payments of debt obligations (1,156) (369) (970)
Proceeds from utilization of credit commitment 898 506 241
Proceeds from issuances of senior unsecured notes and term loan facility 1,558 0 494
Cash paid for repurchase of common stock (100) (377) (178)
Cash dividends (200) (149) (98)
Proceeds received from employee stock activity 54 29 40
Payments related to employee shares withheld for taxes (65) (34) (31)
Excess tax benefits related to share-based payments 54 45 15
Proceeds (disbursements) of customer funds (38) 13 25
Other financing activities (3) (19) 2
Net cash provided by (used in) financing activities 1,002 (355) (460)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (6) (11) (23)
Net increase (decrease) in cash and cash equivalents and restricted cash 61 (119) (6)
Cash and cash equivalents and restricted cash at beginning of period 357 476 482
Cash and cash equivalents and restricted cash at end of period 418 357 476
Cash paid for:      
Interest 119 103 114
Income taxes, net of refund 191 202 190
Non-cash investing activities:      
Cost method investment $ 0 $ 0 $ 75