v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 271 $ 165
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40 41
Noncash lease expense 12 12
Stock-based compensation expense 19 20
Net (gains) losses on investments, dispositions, and other (4) 3
Changes in operating assets and liabilities:    
Accounts receivable, net (15) (217)
Deferred income taxes and income taxes receivable / payable 34 44
Prepaid expenses and other current and long-term assets (69) (27)
Accrued compensation and benefits (32) (76)
Accounts payable and other accrued expenses (35) 90
Other current and long-term liabilities (102) (3)
Net cash provided by operating activities 119 52
Cash flows from investing activities    
Purchases of property, equipment, and software (23) (32)
Payments for business acquisitions and dispositions, net of cash acquired 0 (93)
Payments for cost method investments (9) (2)
Net cash used in investing activities (32) (127)
Cash flows from financing activities    
Proceeds from issuance of common stock 11 11
Repurchases of common stock (181) (116)
Cash dividends paid (70) (66)
Repayments on revolving credit facility, term loans, and Senior Notes (21) (10)
Net cash used in financing activities (261) (181)
Net decrease in cash and cash equivalents (174) (256)
Cash and cash equivalents––beginning of period 885 554
Cash and cash equivalents––end of period 711 298
Net cash paid during the period for:    
Interest 22 27
Income taxes 24 0
Supplemental disclosures of non-cash investing and financing activities:    
Share repurchases transacted but not settled and paid 2 0
Unpaid property, equipment, and software purchases $ 4 $ 8