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Supplemental Disclosures (Tables)
12 Months Ended
Dec. 31, 2020
Supplemental Cash Flow Information [Abstract]  
Additional information concerning acquisitions, interest and income taxes paid
The following schedule provides additional information concerning acquisitions, interest and income taxes paid:
(In millions of dollars)202020192018
Assets acquired, excluding cash$929 $8,655 $1,100 
Liabilities assumed(78)(2,804)(83)
Non-controlling interests assumed (280)— 
Contingent and deferred purchase consideration (183)(66)(133)
Net cash outflow for acquisitions$668 $5,505 $884 
(In millions of dollars)202020192018
Interest paid$481 $427 $264 
Income taxes paid, net of refunds$673 $661 $632 
Analysis of allowance for doubtful accounts
An analysis of the allowance for credit losses for the year ended December 31, 2020 is provided below. Prior periods analysis is based on the Company's allowance for doubtful accounts model prior to adoption of the new accounting guidance discussed above:
For the Years Ended December 31,
(In millions of dollars)
202020192018
Balance at beginning of year$140 $112 $110 
Provision charged to operations47 32 34 
Accounts written-off, net of recoveries(30)(16)(24)
Effect of exchange rate changes and other(15)12 (8)
Balance at end of year$142 $140 $112