v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 78 $ 98
Adjustments to reconcile net income to net cash used in operating activities:    
Non-cash lease expense 10 8
Depreciation and amortization 8 16
Revaluation of acquisition contingent consideration 0 18
Compensation expense – equity-based incentive awards (Note 13) 45 42
Other 0 (1)
Changes in operating assets and liabilities:    
Accounts receivable 1 40
Unbilled work in progress 18 (25)
Other assets 10 (13)
Accrued salaries and bonuses (481) (294)
Accounts payable and accrued expenses and other liabilities (25) (21)
Net cash used in operating activities (336) (132)
Cash flows from investing activities:    
Purchases of investment securities (4) (153)
Sales or maturities of investment securities 122 277
Acquisition of businesses, net of cash acquired 0 (1)
Capital expenditures (6) (13)
Net cash provided by investing activities 112 110
Cash flows from financing activities:    
Dividends paid (61) (53)
Share repurchases (50) (8)
Payments to settle employee tax obligations on share-based awards (106) (137)
Other financing activities 0 1
Net cash used in financing activities (217) (197)
Effects of exchange rate changes on cash, cash equivalents, and restricted cash (3) 41
Net decrease in cash, cash equivalents, and restricted cash (444) (178)
Cash, cash equivalents, and restricted cash – beginning of period 1,193 976
Cash, cash equivalents, and restricted cash – end of period 749 798
Cash paid during the period for:    
Taxes, net of refunds $ 26 $ 11