XML 35 R12.htm IDEA: XBRL DOCUMENT v3.25.0.1
Supplemental Disclosures to the Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2024
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)202420232022
Assets acquired, excluding cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity$9,724 $1,292 $734 
Acquisition-related deposit— — 24 
Fiduciary liabilities assumed(421)(93)(6)
Liabilities assumed(571)(182)(49)
Non-controlling interests assumed— — (5)
Fair value of previously-held equity method investment— — (6)
Contingent/deferred purchase consideration (190)(41)(120)
Net cash outflow for acquisitions$8,542 $976 $572 
(In millions)202420232022
Interest paid$591 $499 $431 
Income taxes paid, net of refunds (a)$1,239 $1,119 $1,049 
(a) Income taxes paid, net of refunds in 2024 include a payment for the purchase of green energy income tax credits which reduced the Company's 2024 income tax liabilities.
The classification of contingent consideration in the consolidated statements of cash flows is dependent upon whether the receipt or payment was part of the initial liability established on the acquisition date (financing) or an adjustment to the acquisition date liability (operating).
The following amounts are included in the consolidated statements of cash flows as operating and financing activities:
For the Years Ended December 31,
(In millions)202420232022
Operating:
Contingent consideration payments for prior year acquisitions$(92)$(41)$(38)
Receipt of contingent consideration for dispositions— 1 — 
Acquisition/disposition related net charges for adjustments15 29 49 
Adjustments and payments related to contingent consideration$(77)$(11)$11 
Financing:
Contingent consideration for prior year acquisitions$(74)$(135)$(32)
Deferred consideration for prior year acquisitions (39)(67)(126)
Payments of deferred and contingent consideration for acquisitions$(113)$(202)$(158)
Receipts of contingent consideration for dispositions$1 $2 $3 
The Company had non-cash issuances of common stock under its share-based payment plan of $333 million, $310 million and $372 million in 2024, 2023 and 2022, respectively.
The Company recorded share-based compensation expense related to restricted stock units, performance stock units and stock options of $368 million, $363 million and $367 million in 2024, 2023 and 2022, 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)
202420232022
Balance at January 1,
$151 $160 $166 
Provision charged to operations31 17 17 
Accounts written-off, net of recoveries(14)(20)(17)
Effect of exchange rate changes and other(1)(6)(6)
Balance at December 31,
$167 $151 $160 
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.