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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 502 $ 483
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 159 140
Share-based compensation 51 52
Deferred income taxes (12) (4)
Reversal of certain Swedish tax benefits 41 0
Net gain on divestiture of businesses (33) 0
Net income from unconsolidated investees (13) (10)
Other reconciling items included in net income 10 18
Net change in operating assets and liabilities, net of effects of divestiture and acquisitions:    
Receivables, net (11) 30
Other assets (23) 376
Accounts payable and accrued expenses 6 (18)
Section 31 fees payable to SEC (107) (77)
Accrued personnel costs (22) (82)
Deferred revenue 74 18
Other liabilities 46 (66)
Net assets held for sale 0 (251)
Net cash provided by operating activities 668 609
Cash flows from investing activities:    
Purchases of trading securities (294) (291)
Proceeds from sales and redemptions of trading securities 299 334
Purchases of available-for-sale investment securities (18) (12)
Proceeds from maturities of available-for-sale investment securities 32 30
Proceeds from divestiture of businesses, net 286 0
Purchases of property and equipment (72) (102)
Other investment activities (6) (32)
Net cash provided by (used in) investing activities 227 (73)
Cash flows from financing activities:    
Proceeds from (repayments of) commercial paper, net (170) 154
Repayments of long-term debt (115) (683)
Payment of debt extinguishment cost 0 (9)
Proceeds from utilization of credit commitment, net of debt issuance costs 0 10
Proceeds from issuances of senior unsecured notes, net of debt issuance costs 0 498
Cash paid for repurchase of common stock (394) (175)
Cash dividends paid (208) (180)
Proceeds received from employee stock activity 10 32
Payments related to employee shares withheld for taxes (44) (65)
Proceeds of customer funds 15 0
Net cash used in financing activities (906) (418)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (12) 15
Net increase (decrease) in cash and cash equivalents and restricted cash (23) 133
Cash and cash equivalents and restricted cash at beginning of period 399 418
Cash and cash equivalents and restricted cash at end of period 376 551
Cash paid for:    
Interest 121 114
Income taxes, net of refund $ 195 $ 126