Supplemental Disclosures to the Consolidated Statements of Cash Flows

6 Months Ended

Jun. 30, 2021

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, 2021 and 2020.


(In millions)	2021		2020
Assets acquired, excluding cash	$	561	$	752
Liabilities assumed	(60)		(29)

Contingent/deferred purchase consideration	(138)		(161)
Net cash outflow for current year acquisitions	$	363	$	562


(In millions)	2021		2020
Interest paid	$	234	$	248
Income taxes paid, net of refunds	$	403	$	227

The classification of contingent consideration in the statement of cash flows is dependent upon 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 $97 million for the six months ended June 30, 2021. This consisted of deferred purchase consideration related to prior years' acquisitions of $84 million and contingent purchase consideration of $13 million. Cash flows from financing activities also reflect the receipt of contingent consideration of $71 million related to prior year dispositions. For the six months ended June 30, 2020, the Company paid deferred and contingent consideration of $69 million, consisting of deferred purchase consideration related to prior years' acquisitions of $27 million and contingent consideration of $42 million.

The following amounts are included in the operating section of the consolidated statements of cash flows. For the six months ended June 30, 2021, the Company recorded an expense for adjustments to contingent consideration liabilities of $17 million and made contingent consideration payments of $4 million. In addition, the Company recorded income of $24 million, primarily related to the settlement of contingent consideration receivables and received cash of $18 million related to prior year dispositions. For the six months ended June 30, 2020, the Company recorded an expense for adjustments to contingent consideration liabilities of $6 million and made contingent consideration payments of $36 million.

The Company had non-cash issuances of common stock under its share-based payment plan of $228 million and $213 million for the six months ended June 30, 2021 and 2020, respectively. The Company recorded stock-based compensation expense for equity awards related to restricted stock units, performance stock units and stock options of $176 million and $147 million for the six-months ended June 30, 2021 and 2020, respectively.