SUPPLEMENTAL CASH FLOW & OTHER DATA

3 Months Ended

Mar. 31, 2024

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW & OTHER DATA

SUPPLEMENTAL CASH FLOW AND OTHER DATA

    Supplemental cash flow and other data for the three months ended March 31, 2024 and 2023 was as follows:

	Three Months Ended March 31,
	2024		2023
Depreciation expense	$	87	$	81
Amortization expense	29		26
Depreciation and amortization expense	$	116	$	107
Interest expense	$	(49)	$	(37)
Interest income	6		2
Interest expense, net	$	(43)	$	(35)
Interest paid	$	44	$	32
Income taxes paid	$	3	$	33
Accounts payable associated with capital expenditures	$	28	$	22
Dividends payable	$	84	$	80
Businesses acquired:
Fair value of assets acquired	$	155	$	31
Fair value of liabilities assumed	7		—
Fair value of net assets acquired	148		31
Merger consideration payable	(6)		—
Cash paid for business acquisitions	142		31
Less: Cash acquired	—		—
Business acquisitions, net of cash acquired	$	142	$	31
Leases:
Leased assets obtained in exchange for new operating lease liabilities	$	35	$	44

    During the three months ended March 31, 2024 and 2023, other financing activities, net in the Company's consolidated statement of cash flows included changes in bank overdrafts, which are generally settled in cash in the short term, of $(51) million and $33 million, respectively.