v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net earnings (loss) $ 2,599 $ (392)
Adjustment to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,294 936
Amortization of debt issuance costs 25 29
Asset impairments 104 2
(Gain) loss on sale of businesses, investments and other (2) 100
Stock-based compensation 101 96
(Gain) loss from equity method investment (2,214) 669
Deferred income taxes (13) (42)
Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:    
Trade and other receivables (132) (142)
Receivable from related party 38 40
Settlement activity 15 1
Prepaid expenses and other assets (160) 65
Deferred contract costs (170) (180)
Deferred revenue (14) 5
Accounts payable, accrued liabilities and other liabilities (264) (348)
Net cash provided by operating activities 1,207 839
Cash flows from investing activities:    
Additions to property and equipment (76) (76)
Additions to software (441) (375)
Cash divested from sale of business 0 (1,417)
Acquisitions, net of cash acquired (7,859) (197)
Coupon payments on interest rate swaps (64) (64)
Distributions from equity method investments 32 66
Other investing activities, net (69) (63)
Net cash provided by (used in) investing activities (8,477) (2,126)
Cash flows from financing activities:    
Borrowings 62,297 24,757
Repayment of borrowings and other financing arrangements (54,186) (23,832)
Debt issuance costs (65) (27)
Treasury stock activity (119) (824)
Net proceeds from stock issued under stock-based compensation plans 1 8
Dividends paid (460) (432)
Other financing activities, net (7) 0
Net cash provided by (used in) financing activities 7,461 (350)
Net cash provided by (used in) operating activities from discontinued operations [1] 0 208
Effect of foreign currency exchange rate changes on cash (21) 64
Net increase (decrease) in cash, cash equivalents and restricted cash 170 (1,365)
Cash, cash equivalents and restricted cash, beginning of period 599 1,946
Cash, cash equivalents and restricted cash, end of period 769 581
Supplemental cash flow information:    
Cash paid for interest 351 229
Cash paid for income taxes $ 439 $ 411
[1] As discussed in Note 1, the Company completed the 2024 Worldpay Sale on January 31, 2024. Certain assets included as part of the 2024 Worldpay Sale did not convey until the first quarter of 2025 after receiving all required regulatory approvals. These assets generated cash flows from discontinued operations but did not generate any net earnings from discontinued operations during the three or six months ended June 30, 2025.