SUPPLEMENTAL CASH FLOW & OTHER DATA

6 Months Ended

Jun. 30, 2024

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW & OTHER DATA

SUPPLEMENTAL CASH FLOW AND OTHER DATA

    Supplemental cash flow and other data for the three and six months ended June 30, 2024 and 2023 was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Depreciation expense	$	88	$	84	$	175	$	165
Amortization expense	29		28		58		54
Depreciation and amortization expense	$	117	$	112	$	233	$	219
Interest expense	$	(47)	$	(39)	$	(96)	$	(76)
Interest income	3		2		9		4
Interest expense, net	$	(44)	$	(37)	$	(87)	$	(72)
Interest paid	$	61	$	48	$	105	$	80
Income taxes paid	$	115	$	101	$	118	$	134
Accounts payable associated with capital expenditures	$	31	$	29	$	31	$	29
Dividends payable	$	84	$	81	$	84	$	81
Businesses acquired:
Fair value of assets acquired	$	134	$	703	$	289	$	734
Fair value of liabilities assumed	34		36		41		36
Fair value of net assets acquired	100		667		248		698
Merger consideration payable	6		(88)		—		(88)
Cash paid for business acquisitions	106		579		248		610
Less: Cash acquired	—		1		—		1
Business acquisitions, net of cash acquired	$	106	$	578	$	248	$	609
Leases:
Leased assets obtained in exchange for new operating lease liabilities	$	52	$	57	$	87	$	101

    During the six months ended June 30, 2024 and 2023, other financing activities, net in the Company's consolidated statement of cash flows included changes in bank overdrafts, which are generally settled in cash in the short term, of $(38) million and $(26) million, respectively.