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Supplemental Disclosures to The Consolidated Statements of Cash Flows
3 Months Ended
Mar. 31, 2016
Supplemental Cash Flow Information [Abstract]  
Supplemental Disclosures to the Consolidated Statements of Cash Flows
Supplemental Disclosures to the Consolidated Statements of Cash Flows
The following schedule provides additional information concerning acquisitions, interest and income taxes paid for the three-month periods ended March 31, 2016 and 2015.
(In millions of dollars)
 
2016

 
2015

Assets acquired, excluding cash
 
$
105

 
$
30

Liabilities assumed
 
(4
)
 
(2
)
Contingent/deferred purchase consideration
 
(26
)
 
(12
)
Net cash outflow for acquisitions
 
$
75

 
$
16

(In millions of dollars)
2016

 
2015

Interest paid
$
58

 
$
40

Income taxes paid, net of refunds
$
187

 
$
118


The Company paid deferred and contingent consideration of $39 million for the three months ended March 31, 2016. This consisted of deferred purchase consideration related to prior years' acquisitions of $25 million and contingent consideration of $14 million. For the three months ended March 31, 2015, the Company paid deferred and contingent consideration of $32 million, consisting of deferred purchase consideration related to prior years' acquisitions of $26 million and contingent consideration of $6 million. These amounts are included in the consolidated statements of cash flows as a financing activity.
For the three months ended March 31, 2016, the Company recorded a net charge for adjustments related to acquisition related accounts of $5 million, offset by contingent consideration payments of $4 million. For the three months ended March 31, 2015, the Company recorded a net charge for adjustments related to acquisition related accounts of $10 million, offset by contingent consideration payments of $12 million. These amounts are included in the operating section of the consolidated statement of cash flows.
The Company had non-cash issuances of common stock under its share-based payment plan of $67 million and $64 million for the three months ended March 31, 2016 and 2015, respectively. The Company recorded stock-based compensation expense related to equity awards of $20 million and $16 million for the three-month periods ended March 31, 2016 and 2015, respectively.
The consolidated statement of cash flows includes the cash flow impact of discontinued operations related to indemnification payments from the Putnam disposition that reduced the net cash flow provided by operations by $82 million for the three months ended March 31, 2015.