| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||||||||
Net Income | ||||||||||||
1,435 | 1,440 | 1,192 | 1,246 | 1,203 | 1,233 | 1,111 | 1,117 | 1,060 | 923 | 871 | 1,114 | 1,086 |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||||||
Depreciation and amortization of right-of-use assets | ||||||||||||
147 | 161 | 168 | 177 | 181 | 187 | 184 | 181 | 182 | 182 | 186 | 182 | 164 |
Amortization of intangible assets | ||||||||||||
83 | 102 | 113 | 115 | 109 | 107 | 100 | 101 | 91 | 70 | 56 | 53 | 44 |
Amortization of net deferred gain on interest rate swaps | ||||||||||||
-14 | -12 | -12 | -15 | -9 | -7 | -7 | - | - | 0 | 0 | - | - |
Impairment charge on equity method investment, net | ||||||||||||
- | - | - | - | - | - | - | 29 | 0 | 0 | - | - | - |
Income from equity method investments, net of dividends received | ||||||||||||
- | - | - | - | - | - | - | - | - | 7 | 9 | 14 | -10 |
Provision for doubtful accounts | ||||||||||||
- | - | - | - | - | - | - | - | - | 9 | 24 | 26 | 21 |
Remeasurement gain, equity interest in Clemenger Group | ||||||||||||
- | - | - | - | - | - | - | - | 123 | 0 | 0 | 0 | - |
Remeasurement gain, acquisition of controlling interests in affiliates | ||||||||||||
- | - | - | - | - | - | - | - | 15 | 26 | 41 | - | 0 |
Share-based compensation | ||||||||||||
72 | 70 | 80 | 93 | 99 | 93 | 86 | 80 | 74 | 69 | 78 | 59 | 68 |
Net gain from disposition of subsidiaries | ||||||||||||
0 | 178 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Impact of Tax Act | ||||||||||||
0 | 28 | 106 | 0 | 0 | - | - | - | - | - | - | - | - |
Excess tax benefit from share-based compensation | ||||||||||||
- | - | - | - | - | 29 | 37 | 85 | 30 | 44 | 0 | 12 | -17 |
Deferred gain from settlement of interest rate swaps | ||||||||||||
- | - | - | - | - | 0 | 0 | - | - | - | - | - | - |
Deferred loss from settlement of forward-starting interest rate swap | ||||||||||||
- | - | - | - | - | 0 | - | - | - | - | - | - | - |
Other, net | ||||||||||||
5 | 29 | 27 | 32 | 55 | -1 | 20 | 1 | 46 | - | - | - | - |
Proceeds from discontinuation of interest rate swaps | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | - | - |
Use of operating capital | ||||||||||||
-125 | -80 | -348 | -302 | -559 | 106 | -351 | -25 | -29 | -310 | -564 | 14 | 241 |
Net Cash Used In Operating Activities | ||||||||||||
1,856 | 1,722 | 2,023 | 1,952 | 2,199 | 1,476 | 1,809 | 1,451 | 1,315 | 1,488 | 1,731 | 1,394 | 1,599 |
Cash Flows from Investing Activities: | ||||||||||||
Capital expenditures | ||||||||||||
102 | 195 | 156 | 165 | 202 | 213 | 212 | 226 | 185 | 153 | 130 | 212 | -223 |
Acquisition of businesses and interests in affiliates, net of cash acquired | ||||||||||||
10 | 350 | 26 | 308 | 60 | 74 | 32 | 132 | 403 | 152 | 137 | 362 | -318 |
Proceeds from disposition of subsidiaries and sale of investments | ||||||||||||
79 | 308 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from sale of investments and other | ||||||||||||
-1 | -15 | -66 | 7 | 0 | -21 | -16 | -8 | -14 | -12 | 45 | 40 | 191 |
Payments to acquire investments | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 3 | 13 | -42 |
Payments for settlement of net investment hedge | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 50 | 0 |
Net Cash (Used In) Provided By Investing Activities | ||||||||||||
-30 | -221 | -115 | -481 | -263 | -266 | -228 | -350 | -574 | -293 | -226 | -597 | -391 |
Cash Flows from Financing Activities: | ||||||||||||
Proceeds from borrowings | ||||||||||||
1,112 | 0 | 0 | 1,389 | 0 | 747 | 0 | 1,273 | 0 | 990 | 497 | 2 | 3 |
Repayment of debt | ||||||||||||
900 | 0 | 0 | 1,000 | 0 | 0 | - | - | - | - | - | - | - |
Change in short-term debt | ||||||||||||
2 | 0 | -18 | -1 | -1 | 2 | -0 | -3 | -43 | 35 | - | 5 | -0 |
Dividends paid to common shareholders | ||||||||||||
564 | 548 | 515 | 505 | 496 | 468 | 318 | 397 | 269 | 229 | 187 | 192 | -182 |
Redemption of convertible debt | ||||||||||||
- | - | - | - | - | 252 | 406 | 0 | 0 | 66 | 1,315 | 2 | -2 |
Repayments of short-term debt | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | - | - |
Proceeds from short-term debt | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 2 | - | - |
Repurchases of common stock | ||||||||||||
610 | 581 | 568 | 602 | 727 | 1,063 | 575 | 1,136 | 849 | 1,296 | 15 | 846 | -899 |
Proceeds from stock plans | ||||||||||||
6 | 13 | 10 | 26 | 20 | 39 | 52 | 219 | 117 | 123 | 18 | 86 | 100 |
Acquisition of additional noncontrolling interests | ||||||||||||
51 | 43 | 17 | 72 | 33 | 69 | 8 | 32 | 38 | 32 | 20 | 82 | -48 |
Dividends paid to noncontrolling interest shareholders | ||||||||||||
97 | 134 | 101 | 87 | 129 | 111 | 100 | 98 | 101 | 81 | 91 | 107 | - |
Payment of contingent purchase price obligations | ||||||||||||
64 | 99 | 108 | 110 | 55 | 83 | 70 | 32 | 19 | 8 | - | - | - |
Excess tax benefit from share-based compensation | ||||||||||||
- | - | - | - | - | 29 | 37 | 85 | 30 | 44 | 0 | 12 | 17 |
Other, net | ||||||||||||
-55 | -46 | -24 | -35 | -32 | -29 | -29 | -97 | -32 | -16 | -16 | -11 | -76 |
Net Cash (Used In) Provided By Financing Activities | ||||||||||||
-1,222 | -1,441 | -1,342 | -998 | -1,456 | -1,258 | -1,419 | -220 | -1,205 | -537 | -1,128 | -1,136 | -1,089 |
Effect of foreign exchange rate changes on cash and cash equivalents | ||||||||||||
50 | -203 | 227 | -75 | -262 | -273 | -128 | 16 | -42 | 44 | 112 | -356 | -64 |
Net Decrease in Cash and Cash Equivalents | ||||||||||||
653 | -143 | 793 | 397 | 217 | -322 | 32 | 897 | -507 | 701 | 489 | -695 | 53 |