v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 3,180 $ 3,129 $ 2,582
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and other amortization 1,672 1,479 1,320
Amortization of acquisition-related intangible assets 1,423 1,642 1,849
Amortization of financing costs and debt discounts 43 41 43
Share-based compensation 367 342 323
Deferred income taxes (662) (511) (558)
Net gain on sale of businesses and other assets 0 (167) (54)
Loss (income) from investments in unconsolidated affiliates 685 15 (220)
Distributions from unconsolidated affiliates 39 55 73
Non-cash settlement charge for terminated pension plans 147 0 0
Non-cash foreign currency exchange loss 92 76 0
Other operating activities (17) (27) 4
Changes in assets and liabilities, net of effects from acquisitions and dispositions:      
Trade accounts receivable (169) 23 (770)
Prepaid expenses and other assets (398) (790) (253)
Contract costs (267) (246) (290)
Accounts payable and other liabilities 426 (54) 511
Contract liabilities 70 155 58
Net cash provided by operating activities 6,631 5,162 4,618
Cash flows from investing activities:      
Capital expenditures, including capitalized software and other intangibles (1,569) (1,388) (1,479)
Net proceeds from sale of businesses and other assets 0 234 246
Merchant cash advances, net (801) 0 0
Payments for acquisition of businesses, net of cash acquired 0 (13) (988)
Distributions from unconsolidated affiliates 60 136 138
Purchases of investments (155) (39) (52)
Proceeds from sale of investments 61 5 23
Other investing activities 0 (3) 0
Net cash used in investing activities (2,404) (1,068) (2,112)
Cash flows from financing activities:      
Debt proceeds 6,783 5,567 1,624
Debt repayments (5,396) (3,015) (3,315)
Net borrowings from (repayments of) commercial paper and short-term borrowings 278 (1,456) 1,837
Payments of debt financing costs (28) (38) (10)
Proceeds from issuance of treasury stock 97 101 149
Purchases of treasury stock, including employee shares withheld for tax obligations (5,837) (4,827) (2,677)
Settlement activity, net 0 (527) (78)
Distributions paid to noncontrolling interests and redeemable noncontrolling interests (55) (34) (42)
Payment to acquire noncontrolling interest of consolidated subsidiary 0 (56) 0
Payments of acquisition-related contingent consideration (3) (35) (2)
Other financing activities (4) (36) 36
Net cash used in financing activities (4,165) (4,356) (2,478)
Effect of exchange rate changes on cash and cash equivalents (32) 33 (41)
Net change in cash and cash equivalents 30 (229) (13)
Cash and cash equivalents, beginning balance 2,963 3,192 3,205
Cash and cash equivalents, ending balance $ 2,993 $ 2,963 $ 3,192

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