Supplemental Disclosures to the Consolidated Statements of Cash Flows

6 Months Ended

Jun. 30, 2019

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, 2019 and 2018.



(In millions)	2019			2018
Assets acquired, excluding cash	$	8,593		$	204
Liabilities assumed	(2,718		)	(28		)
Non-controlling interests assumed	(309		)	—
Contingent/deferred purchase consideration	(66		)	(32		)
Net cash outflow for current year acquisitions	$	5,500		$	144



(In millions)	2019		2018
Interest paid	$	141	$	107
Income taxes paid, net of refunds	$	327	$	349

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 $39 million for the six months ended June 30, 2019. This consisted of deferred purchase consideration related to prior years' acquisitions of $23 million and contingent consideration of $16 million. For the six months ended June 30, 2018, the Company paid deferred and contingent consideration of $85 million, consisting of deferred purchase consideration related to prior years' acquisitions of $53 million and contingent consideration of $32 million.

The following amounts are included in the operating section of the consolidated statements of cash flows. For the six months ended June 30, 2019, the Company recorded an expense for adjustments to contingent consideration liabilities of $20 million and made contingent consideration payments of $29 million. For the six months ended June 30, 2018, the Company recorded an expense for adjustments to contingent consideration liabilities of $11 million and made contingent consideration payments of $9 million.

The Company had non-cash issuances of common stock under its share-based payment plan of $162 million and $128 million for the six months ended June 30, 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 $117 million and $99 million for the six-month periods ended June 30, 2019 and 2018, respectively.

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 Right-of-Use Asset ("ROU asset") of $1.7 billion and lease liability of $1.9 billion during the first quarter of 2019.