XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 790 $ 685
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 425 358
Provision for credit losses 2 4
Deferred income tax expense (benefit) 118 (21)
Stock-based compensation expense 63 61
Other, net 37 17
Changes in operating assets and liabilities:    
Accounts receivable (153) (140)
Accounts payable and accrued expenses 113 (102)
Income taxes payable (1) 31
Other assets and liabilities, net 27 (23)
Net cash provided by operating activities 1,421 870
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (51) (1,781)
Capital expenditures (369) (302)
Other investing activities, net (20) 37
Net cash used in investing activities (440) (2,046)
Cash flows from financing activities:    
Proceeds from borrowings 410 1,846
Repayments of debt (1,011) (302)
Purchases of treasury stock (150) 0
Exercise of stock options 61 52
Employee payroll tax withholdings on stock issued under stock-based compensation plans (44) (24)
Dividends paid (263) (247)
Distributions to noncontrolling interest partners (43) (35)
Other financing activities, net (61) (36)
Net cash (used in) provided by financing activities (1,101) 1,254
Effect of exchange rate changes on cash and cash equivalents and restricted cash 3 0
Net change in cash and cash equivalents and restricted cash (117) 78
Cash and cash equivalents and restricted cash, beginning of period 549 686
Cash and cash equivalents and restricted cash, end of period $ 432 $ 764