Supplemental Disclosures to the Consolidated Statements of Cash Flows

6 Months Ended

Jun. 30, 2023

Supplemental Cash Flow Information [Abstract]

Supplemental Disclosures to the Consolidated Statements of Cash Flows

The following table provides additional information concerning acquisitions, interest and income taxes paid for the six months ended June 30, 2023 and 2022:


(In millions)	2023		2022
Assets acquired, excluding cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	$	364	$	164
Acquisition-related deposit	—		24
Fiduciary liabilities assumed	(1)		(2)
Liabilities assumed	(63)		(24)


Contingent/deferred purchase consideration	(8)		(11)
Net cash outflow for acquisitions	$	292	$	151


(In millions)	2023		2022
Interest paid	$	245	$	215
Income taxes paid, net of refunds	$	504	$	437

The classification of contingent consideration in the consolidated statements of cash flows is dependent upon whether the receipt or 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 operating and financing activities:


For the Six Months Ended June 30,
(In millions)	2023		2022
Operating:
Contingent consideration payments for prior year acquisitions	$	(41)	$	(18)
Receipt of contingent consideration for dispositions	1		—
Acquisition/disposition related net charges for adjustments	17		27


Adjustments and payments related to contingent consideration	$	(23)	$	9
Financing:
Contingent consideration for prior year acquisitions	$	(134)	$	(16)
Deferred consideration related to prior year acquisitions	(51)		(76)
Payments of deferred and contingent consideration for acquisitions	$	(185)	$	(92)

Receipts of contingent consideration for dispositions	$	2	$	3

The Company had non-cash issuances of common stock under its share-based payment plan of $296 million and $337 million for the six months ended June 30, 2023 and 2022, respectively.

The Company recorded share-based compensation expense related to restricted stock units, performance stock units and stock options of $92 million and $191 million for the three and six months ended June 30, 2023, respectively, and $89 million and $194 million for the three and six months ended June 30, 2022, respectively.