v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 1,094 $ 868
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 53 63
Stock-based compensation 175 162
Deferred income tax expense (benefit) 10 198
Net (gains) losses within consolidated VIEs (2) (33)
Net (purchases) proceeds within consolidated VIEs (342) (96)
(Earnings) losses from equity method investees (33) (32)
Distributions of earnings from equity method investees 10 5
Changes in operating assets and liabilities:    
Accounts receivable 35 5
Investments, trading (21) (188)
Other assets (474) (975)
Accrued compensation and benefits (1,362) (1,110)
Accounts payable and accrued liabilities 268 59
Other liabilities 448 910
Cash flows from operating activities (141) (164)
Cash flows from investing activities    
Purchases of investments (94) (61)
Proceeds from sales and maturities of investments 122 21
Distributions of capital from equity method investees 5 10
Net consolidations (deconsolidations) of sponsored investment funds (VIEs/VREs) (53)  
Purchases of property and equipment (33) (19)
Cash flows from investing activities (53) (49)
Cash flows from financing activities    
Proceeds from long-term borrowings   697
Cash dividends paid (505) (447)
Repurchases of common stock (719) (562)
Net (redemptions/distributions paid)/subscriptions received from noncontrolling interest holders 347 132
Other financing activities 3  
Cash flows from financing activities (874) (180)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 115 32
Net increase (decrease) in cash, cash equivalents and restricted cash (953) (361)
Cash, cash equivalents and restricted cash, beginning of period 7,096 6,192
Cash, cash equivalents and restricted cash, end of period 6,143 5,831
Supplemental disclosure of cash flow information:    
Interest 29 40
Income taxes (net of refunds) 74 82
Supplemental schedule of noncash investing and financing transactions:    
Issuance of common stock 575 573
PNC preferred stock capital contribution 58 193
Increase (decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds $ (213) $ (28)