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, 2019 and 2018.



(In millions)	2019			2018
Assets acquired, excluding cash	$	180		$	35
Liabilities assumed	(5		)	(4		)
Contingent/deferred purchase consideration	(35		)	(7		)
Net cash outflow for current year acquisitions	$	140		$	24



(In millions)	2019		2018
Interest paid	$	98	$	80
Income taxes paid, net of refunds	$	131	$	128

The classification of contingent consideration in the statement of cash flows is determined by whether the payment was part of the initial liability established on the acquisition date (financing) or an adjustment to the acquisition date liability (operating).

The following amounts are included in the consolidated statements of cash flows as a financing activity. The Company paid deferred and contingent consideration of $29 million for the three months ended March 31, 2019. This consisted of deferred purchase consideration related to prior years' acquisitions of $23 million and contingent consideration of $6 million. For the three months ended March 31, 2018, the Company paid deferred and contingent consideration of $70 million, consisting of deferred purchase consideration related to prior years' acquisitions of $40 million and contingent consideration of $30 million.

The following amounts are included in the operating section of the consolidated statements of cash flows. For the three months ended March 31, 2019, the Company recorded an expense for adjustments to contingent consideration liabilities of $11 million and made contingent consideration payments of $29 million. For the three months ended March 31, 2018, the Company recorded an expense for adjustments to contingent consideration liabilities of $5 million and made contingent consideration payments of $10 million.

The Company had non-cash issuances of common stock under its share-based payment plan of $158 million and $125 million for the three months ended March 31, 2019 and 2018, respectively. The Company recorded stock-based compensation expense for equity awards related to restricted stock units, performance stock units and stock options of $57 million and $50 million for the three-month periods ended March 31, 2019 and 2018, respectively.

The funds held in the acquisition related escrow account comprises proceeds from issuance of debt of $6.462 billion plus interest earned during the period of $25 million, less $129 million of payments on acquisition related derivative contracts.

Effective January 1, 2019, the Company adopted the new accounting guidance related to leases, which requires a lessee to recognize assets and liabilities for its leases. Upon adoption of this accounting standard, the Company recorded a non cash ROU asset of $1.7 billion and lease liability of $1.9 billion during the first quarter of 2019.