Consolidated Statement of Cash Flow - USD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2021 |
Dec. 31, 2020 |
| OPERATING ACTIVITIES |
|
|
| Earnings from continuing operations |
$ 5,687
|
$ 1,149
|
| Adjustments for: |
|
|
| Depreciation |
177
|
184
|
| Share of post-tax (earnings) losses in equity method investments |
(6,240)
|
544
|
| Net losses (gains) on disposals of businesses and investments |
(5)
|
(471)
|
| Deferred tax |
662
|
(231)
|
| Other |
135
|
(123)
|
| Changes in working capital and other items |
832
|
102
|
| Operating cash flows from continuing operations |
1,841
|
1,762
|
| Operating cash flows from discontinued operations |
(68)
|
(17)
|
| Net cash provided by operating activities |
1,773
|
1,745
|
| INVESTING ACTIVITIES |
|
|
| Acquisitions, net of cash acquired |
(18)
|
(167)
|
| Proceeds from disposals of businesses and investments, net of taxes paid |
28
|
367
|
| Dividend from sale of LSEG shares |
994
|
0
|
| Capital expenditures |
(487)
|
(504)
|
| Proceeds from disposals of property and equipment |
0
|
162
|
| Other investing activities |
81
|
4
|
| Taxes paid on sale of Refinitiv and LSEG shares |
(850)
|
(114)
|
| Investing cash flows from continuing operations |
(252)
|
(138)
|
| Investing cash flows from discontinued operations |
(252)
|
0
|
| Net cash used in investing activities |
(504)
|
(138)
|
| FINANCING ACTIVITIES |
|
|
| Proceeds from debt |
0
|
2,019
|
| Repayments of debt |
0
|
(1,645)
|
| Net repayments under short-term loan facilities |
0
|
(2)
|
| Payments of lease principal |
(109)
|
(75)
|
| Repurchases of common shares |
(1,400)
|
(200)
|
| Other financing activities |
11
|
(9)
|
| Net cash used in financing activities |
(2,273)
|
(644)
|
| (Decrease) increase in cash and bank overdrafts |
(1,004)
|
963
|
| Translation adjustments |
(5)
|
(1)
|
| Cash and bank overdrafts at beginning of period |
1,787
|
825
|
| Cash and bank overdrafts at end of period |
778
|
1,787
|
| Cash and bank overdrafts at end of period comprised of: |
|
|
| Cash and cash equivalents |
778
|
1,787
|
| Supplemental cash flow information is provided in note 28. |
|
|
| Interest paid, net of debt-related hedges |
(165)
|
(164)
|
| Interest received |
3
|
8
|
| Income taxes paid |
(1,066)
|
(164)
|
| Preference shares [member] |
|
|
| FINANCING ACTIVITIES |
|
|
| Dividends paid |
(2)
|
(2)
|
| Common shares [member] |
|
|
| FINANCING ACTIVITIES |
|
|
| Dividends paid |
(773)
|
(730)
|
| Computer software [member] |
|
|
| Adjustments for: |
|
|
| Amortization expense |
474
|
485
|
| Other identifiable intangible assets [member] |
|
|
| Adjustments for: |
|
|
| Amortization expense |
$ 119
|
$ 123
|