Supplemental Disclosures to The Consolidated Statements of Cash Flows

6 Months Ended

Jun. 30, 2016

Supplemental Cash Flow Information [Abstract]

Supplemental Disclosures to the Consolidated Statements of Cash Flows

The following schedule provides additional information concerning acquisitions, interest and income taxes paid for the six-month periods ended June 30, 2016 and 2015.



(In millions of dollars)	2016			2015
Assets acquired, excluding cash	$	107		$	338
Liabilities assumed	(4		)	(12		)
Contingent/deferred purchase consideration	(26		)	(95		)
Net cash outflow for current year acquisitions	$	77		$	231
Cash paid into escrow for future acquisition	—			29
Net cash outflow for acquisitions	$	77		$	260



(In millions of dollars)	2016		2015
Interest paid	$	86	$	69
Income taxes paid, net of refunds	$	303	$	223

The Company paid deferred and contingent consideration of $63 million for the six months ended June 30, 2016. This consisted of deferred purchase consideration related to prior years' acquisitions of $39 million and contingent consideration of $24 million. For the six months ended June 30, 2015, the Company paid deferred and contingent consideration of $39 million, consisting of deferred purchase consideration related to prior years' acquisitions of $28 million and contingent consideration of $11 million. These amounts are included in the consolidated statements of cash flows as a financing activity.

For the six months ended June 30, 2016, the Company recorded a net charge for adjustments related to acquisition related accounts of $18 million and contingent consideration payments of $26 million. For the six months ended June 30, 2015, the Company recorded a net charge for adjustments related to acquisition related accounts of $21 million and contingent consideration payments of $21 million. These amounts are included in the operating section of the consolidated statements of cash flows.

The Company had non-cash issuances of common stock under its share-based payment plan of $70 million and $67 million for the six months ended June 30, 2016 and 2015, respectively. The Company recorded stock-based compensation expense related to equity awards of $43 million and $33 million for the six-month periods ended June 30, 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 six months ended June 30, 2015.