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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES:      
Net income $ 1,276 $ 980 $ 784
Depreciation and amortization 133 159 156
Display amortization 2 12 21
Deferred income taxes (3) (41) 4
Employee withholding taxes paid on stock-based compensation 25 23 42
Gain on disposition of investments, net (3) (1) (4)
Gain on disposition of businesses, net (602) (298) 0
Pension and other post-retirement benefits (32) (45) (47)
Impairment of goodwill and other intangible assets 0 16 0
Stock-based compensation 45 35 27
Dividends paid-in-kind (10) 0 0
Increase in receivables (141) (37) (46)
(Increase) decrease in inventories (89) 58 (11)
Increase (decrease) in accounts payable and accrued liabilities, net 332 (27) 108
Other, net 20 (1) (2)
Net cash from operating activities 953 833 1,032
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES:      
Retirement of notes (400) (201) (114)
Purchase of Company common stock (727) (896) (654)
Cash dividends paid (145) (144) (134)
Dividends paid to noncontrolling interest (23) (42) (89)
Issuance of notes, net of issuance costs 415 0 0
Debt extinguishment costs (5) (2) 0
Proceeds from the exercise of stock options 26 27 14
Employee withholding taxes paid on stock-based compensation 25 23 42
Payment of debt (2) (8) (1)
Credit Agreement and other financing costs 0 (2) 0
Net cash for financing activities (886) (1,291) (1,020)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES:      
Capital expenditures (114) (162) (219)
Acquisition of businesses, net of cash acquired (227) 0 (549)
Proceeds from disposition of:      
Businesses, net of cash disposed 870 722 0
Short-term bank deposits 0 0 108
Property and equipment 1 34 14
Other financial investments 3 1 5
Other, net (2) (13) (10)
Net cash from (for) investing activities 531 582 (651)
Effect of exchange rate changes on cash and cash investments 31 14 4
CASH AND CASH INVESTMENTS:      
Increase (decrease) for the year 629 138 (635)
At January 1 697 559 1,194
At December 31 $ 1,326 $ 697 $ 559