Supplemental Disclosures to the Consolidated Statements of Cash Flows

9 Months Ended

Sep. 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 nine-month periods ended September 30, 2016 and 2015.



(In millions)	2016			2015
Assets acquired, excluding cash	$	121		$	636
Liabilities assumed	(4		)	(51		)
Contingent/deferred purchase consideration	(29		)	(154		)
Net cash outflow for acquisitions	$	88		$	431



(In millions)	2016		2015
Interest paid	$	148	$	126
Income taxes paid, net of refunds	$	417	$	335

The Company paid deferred and contingent consideration of $96 million for the nine months ended September 30, 2016. This consisted of deferred purchase consideration related to prior years' acquisitions of $53 million and contingent consideration of $43 million. For the nine months ended September 30, 2015, the Company paid deferred and contingent consideration of $42 million, consisting of deferred purchase consideration related to prior years' acquisitions of $30 million and contingent consideration of $12 million. These amounts are included in the consolidated statements of cash flows as a financing activity.

For the nine months ended September 30, 2016, the Company recorded a net charge for adjustments to acquisition related accounts of $5 million and contingent consideration payments of $42 million. For the nine months ended September 30, 2015, the Company recorded a net charge for adjustments related to acquisition related accounts of $42 million and contingent consideration payments of $27 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 $71 million and $68 million for the nine months ended September 30, 2016 and 2015, respectively. The Company recorded stock-based compensation expense related to equity awards of $66 million and $49 million for the nine-month periods ended September 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 nine months ended September 30, 2015.