A reconciliation of net cash provided by operating activities to adjusted free cash flow is as follows:
| (in millions) |
Three Months Ended
|
Nine Months Ended
|
||||||||||
| Net cash provided by operating activities | $ | 186 | $ |
1,035 |
||||||||
| Net cash provided by (used in) investing activities | 8 |
(40 |
) | |||||||||
| Acquisitions, net of cash acquired | 289 | 332 | ||||||||||
| Business dispositions | — | 65 | ||||||||||
| Payments on capital leases and other long-term asset financings | (235 | ) | (710 | ) | ||||||||
| Payments on transaction, separation and integration-related costs | 86 | 277 | ||||||||||
| Payments on restructuring costs | 152 | 422 | ||||||||||
| Sale of accounts receivables | 17 | (193 | ) | (1) | ||||||||
| Adjusted free cash flow | $ | 503 | $ | 1,188 | ||||||||
| (1) |
Adjusted free cash flow, which is a non-GAAP financial measure, for the nine months ended December 31, 2018, includes a $(223) million net cumulative correction to previously reported free cash flow to reflect the appropriate impact of the Receivables Securitization Facility. On the same basis, adjusted free cash flow for the prior fiscal year would have increased by $55 million. This correction does not impact our consolidated statement of cash flows or any other financial measures presented in accordance with GAAP. |
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