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v3.20.2

Revisions of Previously Issued Financials Statements (Tables) | 6 Months Ended
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Jun. 30, 2020
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The appropriate changes are reflected in our Condensed Consolidated Statement of Cash Flows and the corrections are reflected in the tables below:
| For the year ended December 31, 2018 |  |  |  |
In millions | As Reported |  | Adjustment |  | As Revised
Business acquisitions, net | $ | (206) |  |  | $ | 46 |  |  | $ | (160) |
Net cash provided by (used in) investing activities | $ | (520) |  |  | $ | 46 |  |  | $ | (474) |
Net increase (decrease) in client obligations | $ | — |  |  | $ | 10 |  |  | $ | 10 |
Net cash provided by (used in) financing activities | $ | (58) |  |  | $ | 10 |  |  | $ | (48) |
Increase (decrease) in cash, cash equivalents and restricted cash | $ | (67) |  |  | $ | 56 |  |  | $ | (11) |
Cash, cash equivalents and restricted cash at the end of the period | $ | 476 |  |  | $ | 56 |  |  | $ | 532 |
| For the three months ended March 31, 2019 |  |  |  |  |  |  |  |
In millions | As Reported in March 31, 2019 Form 10-Q |  | Adjustment |  | As Revised in March 31, 2020 Form 10-Q |  | Further Adjustment |  | As Revised
Increase (decrease) in other assets and liabilities | $ | (10) |  |  | $ | — |  |  | $ | (10) |  |  | $ | — |  |  | $ | (10) |
Net cash provided by (used in) operating activities | $ | (16) |  |  | $ | — |  |  | $ | (16) |  |  | $ | — |  |  | $ | (16) |
Net increase (decrease) in client obligations | $ | — |  |  | $ | 17 |  |  | $ | 17 |  |  | $ | — |  |  | $ | 17 |
Net cash provided by (used in) financing activities | $ | 36 |  |  | $ | 17 |  |  | $ | 53 |  |  | $ | — |  |  | $ | 53 |
Increase (decrease) in cash, cash equivalents and restricted cash | $ | (53) |  |  | $ | 17 |  |  | $ | (36) |  |  | $ | — |  |  | $ | (36) |
Cash, cash equivalents and restricted cash at the beginning of the period | $ | 476 |  |  | $ | 46 |  |  | $ | 522 |  |  | $ | 10 |  |  | $ | 532 |
Cash, cash equivalents and restricted cash at the end of the period | $ | 423 |  |  | $ | 63 |  |  | $ | 486 |  |  | $ | 10 |  |  | $ | 496 |
| For the six months ended June 30, 2019 |  |  |  |
In millions | As Reported |  | Adjustment |  | As Revised
Cash, cash equivalents and restricted cash at the beginning of the period | $ | 476 |  |  | $ | 56 |  |  | $ | 532 |
Cash, cash equivalents and restricted cash at the end of the period | $ | 345 |  |  | $ | 56 |  |  | $ | 401 |
| For the nine months ended September 30, 2019 |  |  |  |
In millions | As Reported |  | Adjustment |  | As Revised
Net increase (decrease) in client funds | $ | (2) |  |  | $ | 2 |  |  | $ | — |
Net cash provided by (used in) investing activities | $ | (292) |  |  | $ | 2 |  |  | $ | (290) |
Net increase (decrease) in client obligations | $ | 2 |  |  | $ | (4) |  |  | $ | (2) |
Net cash provided by (used in) financing activities | $ | 33 |  |  | $ | (4) |  |  | $ | 29 |
Increase (decrease) in Cash, cash equivalents and restricted cash | $ | (67) |  |  | $ | (2) |  |  | $ | (69) |
Cash, cash equivalents and restricted cash at the beginning of the period | $ | 476 |  |  | $ | 56 |  |  | $ | 532 |
Cash, cash equivalents and restricted cash at the end of the period | $ | 409 |  |  | $ | 54 |  |  | $ | 463 |
| For the year ended December 31, 2019 |  |  |  |
In millions | As Reported |  | Adjustment |  | As Revised
Increase (decrease) in other assets and liabilities | $ | 2 |  |  | $ | 6 |  |  | $ | 8 |
Net cash provided by (used in) operating activities | $ | 628 |  |  | $ | 6 |  |  | $ | 634 |
Net increase (decrease) in client obligations | $ | (15) |  |  | $ | 15 |  |  | $ | — |
Net cash provided by (used in) investing activities | $ | (527) |  |  | $ | 15 |  |  | $ | (512) |
Net increase (decrease) in client obligations | $ | 15 |  |  | $ | (30) |  |  | $ | (15) |
Net cash provided by (used in) financing activities | $ | (31) |  |  | $ | (30) |  |  | $ | (61) |
Increase (decrease) in Cash, cash equivalents and restricted cash | $ | 40 |  |  | $ | (9) |  |  | $ | 31 |
Cash, cash equivalents and restricted cash at the beginning of the period | $ | 476 |  |  | $ | 56 |  |  | $ | 532 |
Cash, cash equivalents and restricted cash at the end of the period | $ | 516 |  |  | $ | 47 |  |  | $ | 563 |
| For the three months ended March 31, 2020 |  |  |  |
In millions | As Reported |  | Adjustment |  | As Revised
Increase (decrease) in other assets and liabilities | $ | (90) |  |  | $ | (7) |  |  | $ | (97) |
Net cash provided by (used in) operating activities | $ | 61 |  |  | $ | (7) |  |  | $ | 54 |
Increase (decrease) in Cash, cash equivalents and restricted cash | $ | 717 |  |  | $ | (7) |  |  | $ | 710 |
Cash, cash equivalents and restricted cash at the beginning of the period | $ | 548 |  |  | $ | 15 |  |  | $ | 563 |
Cash, cash equivalents and restricted cash at the end of the period | $ | 1,265 |  |  | $ | 8 |  |  | $ | 1,273 |
Reconciliation of cash, cash equivalents, and restricted cash | The reconciliation of cash, cash equivalents and restricted cash in the Condensed Consolidated Statements of Cash Flows is as follows:
In millions | June 30 |  |
| 2020 |  | 2019 As Revised
Reconciliation of cash, cash equivalents and restricted cash as shown in the Condensed Consolidated Statements of Cash Flows |  |  |
Cash and cash equivalents | $ | 1,681 |  |  | $ | 335 |
Restricted cash included in other assets | 9 |  |  | 10 |
Funds held for clients included in other current assets | 28 |  |  | 46 |
Cash included in settlement processing assets included in other current assets | 21 |  |  | 10 |
Total cash, cash equivalents and restricted cash | $ | 1,739 |  |  | $ | 401 |
In millions |  | March 31, 2020 |  | December 31, 2019 |  | September 30, 2019 |  | June 30, 2019 |  | March 31, 2019 |  | December 31, 2018
Reconciliation of cash, cash equivalents and restricted cash as shown in the Condensed Consolidated Statements of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,214 |  |  | $ | 509 |  |  | $ | 388 |  |  | $ | 335 |  |  | $ | 414 |  |  | $ | 464 |
Restricted cash included in other assets |  | 7 |  |  | 7 |  |  | 21 |  |  | 10 |  |  | 9 |  |  | 12 |
Funds held for clients included in other current assets |  | 44 |  |  | 32 |  |  | 45 |  |  | 46 |  |  | 64 |  |  | 46 |
Cash included in settlement processing assets included in other current assets |  | 8 |  |  | 15 |  |  | 9 |  |  | 10 |  |  | 9 |  |  | 10 |
Total cash, cash equivalents and restricted cash |  | $ | 1,273 |  |  | $ | 563 |  |  | $ | 463 |  |  | $ | 401 |  |  | $ | 496 |  |  | $ | 532 |

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