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Supplemental Disclosures to the Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2023
Supplemental Cash Flow Information [Abstract]  
Supplemental Disclosures to the Consolidated Statements of Cash Flows Supplemental Disclosures to the Consolidated Statements of Cash Flows
The following table provides additional information concerning acquisitions, interest and income taxes paid:
For the Years Ended December 31,
(In millions)202320222021
Assets acquired, excluding cash, and cash and cash equivalents held in a fiduciary capacity$1,292 $734 $1,697 
Acquisition-related deposit— 24 — 
Fiduciary liabilities assumed(93)(6)(18)
Liabilities assumed(182)(49)(213)
Non-controlling interests assumed— (5)(64)
Fair value of previously-held equity method investment— (6)(390)
Contingent/deferred purchase consideration (41)(120)(153)
Net cash outflow for acquisitions$976 $572 $859 
(In millions)202320222021
Interest paid$499 $431 $441 
Income taxes paid, net of refunds$1,119 $1,049 $1,069 
The classification of contingent consideration in the consolidated statements of cash flows is dependent upon whether the receipt or payment was part of the initial liability established on the acquisition date (financing) or an adjustment to the acquisition date liability (operating).
The following amounts are included in the consolidated statements of cash flows as operating and financing activities:
For the Years Ended December 31,
(In millions)202320222021
Operating:
Contingent consideration payments for prior year acquisitions$(41)$(38)$(49)
Receipt of contingent consideration for dispositions1 — 19 
Acquisition/disposition related net charges for adjustments29 49 57 
Adjustments and payments related to contingent consideration$(11)$11 $27 
Financing:
Contingent consideration for prior year acquisitions$(135)$(32)$(28)
Deferred consideration related to prior year acquisitions (67)(126)(89)
Payments of deferred and contingent consideration for acquisitions$(202)$(158)$(117)
Receipts of contingent consideration for dispositions$2 $3 $71 
The Company had non-cash issuances of common stock under its share-based payment plan of $310 million, $372 million and $228 million in 2023, 2022 and 2021, respectively.
The Company recorded share-based compensation expense related to restricted stock units, performance stock units and stock options of $363 million, $367 million and $348 million in 2023, 2022 and 2021, respectively.
Allowance for Credit Losses on Accounts Receivable
The Company’s policy for providing an allowance for credit losses on its accounts receivable is based on a combination of factors, including historical write-offs, aging of balances, and other qualitative and quantitative analyses.
An analysis of the allowance for credit losses is provided below:
For the Years Ended December 31,
(In millions)
202320222021
Balance at January 1,
$160 $166 $142 
Provision charged to operations17 17 46 
Accounts written-off, net of recoveries(20)(17)(16)
Effect of exchange rate changes and other(6)(6)(6)
Balance at December 31,
$151 $160 $166 
Other
In October 2023, the Company recorded a gain from a legal settlement with a competitor for $58 million, excluding legal fees of approximately $10 million. In 2022, the Company had incurred $30 million in settlement charges and legal costs related to strategic recruiting.