v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities:    
Net income $ 1,504 $ 1,171
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 31 25
Amortization of intangibles 276 268
Provision for losses on accounts receivable 15 8
Deferred income taxes (50) (63)
Stock-based compensation 39 47
Gain on dispositions (175) 0
Other 6 61
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions:    
Accounts receivable (131) (222)
Prepaid and other current assets 1 12
Accounts payable and accrued expenses (646) (678)
Unearned revenue (76) 181
Other current liabilities (29) (58)
Net change in prepaid/accrued income taxes 314 225
Net change in other assets and liabilities (42) (24)
Cash provided by operating activities 1,037 953
Investing Activities:    
Capital expenditures (27) (43)
Acquisitions, net of cash acquired (12) (13)
Proceeds from dispositions, net 345 0
Changes in short-term investments (15) (23)
Cash provided by (used for) investing activities 291 (79)
Financing Activities:    
Additions to short-term debt, net 236 0
Payments on senior notes (3) (4)
Dividends paid to shareholders (288) (295)
Distributions to noncontrolling interest holders (91) (94)
Repurchase of treasury shares (1,000) (650)
Employee withholding tax on share-based payments, contingent consideration payments and other (91) (60)
Cash used for financing activities (1,237) (1,103)
Effect of exchange rate changes on cash (26) 32
Net change in cash, cash equivalents, and restricted cash 65 (197)
Cash, cash equivalents, and restricted cash at beginning of period 1,745 1,666
Cash, cash equivalents, and restricted cash at end of period $ 1,810 $ 1,469