Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements of Cash Flows

v3.6.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Statement of Cash Flows [Abstract]      
Net earnings (loss) $ 47 $ 14 $ 9
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities      
Depreciation and amortization 222 268 298
Stock-based compensation 91 82 74
Non-cash contribution to charitable foundation (note 13)   67  
Gains (losses) on transactions, net (note 4)   (19)  
Impairment of intangible assets   2 2
Unrealized Gain (Loss) on Securities (53) (2) (1)
Deferred income tax expense (benefit) (52) (85) (70)
Non-cash interest on margin loans 13 17 4
Other noncash charges (credits), net (12) (6) 11
Changes in operating assets and liabilities      
Current and other assets (24) (31) (16)
Payables and other liabilities 69 84 74
Net cash provided (used) by operating activities 301 391 385
Cash flows from investing activities:      
Capital expended for property and equipment (73) (112) (90)
Acquisitions and other investments, net of cash acquired (note 3) (43) (29) (331)
Purchases of short term investments and other marketable securities (166) (205) (251)
Sales and maturities of short term investments and other marketable securities 116 258 429
Other investing activities, net 2 27 2
Net cash provided (used) by investing activities (164) (61) (241)
Cash flows from financing activities:      
Proceeds from Issuance of Debt 440 291 429
Repayments of debt (439) (431) (43)
Distribution to Parent Company     (348)
Payment of withholding taxes on net share settlements of equity awards (15) (72) (33)
Shares issued by subsidiary 7 12 3
Shares repurchased by subsidiary (105)    
Option exercises 2 5 12
Other financing activities, net   12  
Net cash provided (used) by financing activities (110) (183) 20
Effect of foreign currency exchange rates on cash (17) (12) (9)
Net increase (decrease) in cash and cash equivalents 10 135 155
Cash and cash equivalents at beginning of period 644 509 354
Cash and cash equivalents at end of period $ 654 $ 644 $ 509