v3.24.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 2,232 $ 2,240
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and other amortization 1,248 1,093
Amortization of acquisition-related intangible assets 1,089 1,261
Amortization of financing costs and debt discounts 33 30
Share-based compensation 273 275
Deferred income taxes (539) (344)
Net gain on sale of businesses and other assets 0 (172)
Loss from investments in unconsolidated affiliates 642 11
Distributions from unconsolidated affiliates 29 42
Non-cash impairment charges 14 0
Other operating activities 79 (2)
Changes in assets and liabilities, net of effects from acquisitions and dispositions:    
Trade accounts receivable (136) 119
Prepaid expenses and other assets (503) (506)
Contract costs (189) (180)
Accounts payable and other liabilities 134 (303)
Contract liabilities 4 3
Net cash provided by operating activities 4,410 3,567
Cash flows from investing activities:    
Capital expenditures, including capitalized software and other intangibles (1,170) (1,034)
Net proceeds from sale of businesses and other assets 0 232
Merchant cash advances, net (645) 0
Distributions from unconsolidated affiliates 59 110
Purchases of investments (37) (15)
Proceeds from sale of investments 53 0
Other investing activities 0 (3)
Net cash used in investing activities (1,740) (710)
Cash flows from financing activities:    
Debt proceeds 6,141 5,188
Debt repayments (4,665) (1,652)
Net borrowings from (repayments of) commercial paper and short-term borrowings 345 (2,032)
Payments of debt financing costs (28) (38)
Proceeds from issuance of treasury stock 79 68
Purchases of treasury stock, including employee shares withheld for tax obligations (4,491) (3,790)
Settlement activity, net 487 (630)
Distributions paid to noncontrolling interests and redeemable noncontrolling interest (48) (22)
Payment to acquire noncontrolling interest of consolidated subsidiary 0 (56)
Payments of acquisition-related contingent consideration (3) (33)
Other financing activities (2) (39)
Net cash used in financing activities (2,185) (3,036)
Effect of exchange rate changes on cash and cash equivalents 25 (8)
Net change in cash and cash equivalents 510 (187)
Cash and cash equivalents, beginning balance 2,963 3,192
Cash and cash equivalents, ending balance $ 3,473 $ 3,005

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