v2.3.0.11
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net income $ 168 $ 141
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 37 28
Stock-based compensation expense 17 11
Excess tax benefit from stock-based compensation (9) (2)
Deferred income taxes 11 11
Gain on investments (28) 0
Changes in assets and liabilities:    
Receivables 13 5
Inventories 5 (1)
Current payables and accrued expenses (30) (43)
Deferred revenue 95 52
Other assets and liabilities 6 (2)
Net cash provided by operating activities 285 200
Investing activities    
Expenditures for property and equipment (22) (17)
Additions to capitalized software (38) (27)
Business acquisitions and other investing activities, net (719) (32)
Net cash used in investing activities (779) (76)
Financing activities    
Proceeds from long-term borrowings 600 0
Repayments of long-term borrowings (300) 0
Repurchases of common stock (38) (71)
Excess tax benefit from stock-based compensation 9 2
Other financing activities, net 16 12
Net cash provided by (used in) financing activities 287 (57)
Effect of exchange rate changes on cash and cash equivalents 6 (4)
(Decrease) increase in cash and cash equivalents (201) 63
Cash and cash equivalents at beginning of period 883 661
Cash and cash equivalents at end of period $ 682 $ 724