XML 25 R12.htm IDEA: XBRL DOCUMENT
v3.24.0.1

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) |  | 2023 |  | 2022 |  | 2021
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) |  | 2023 |  | 2022 |  | 2021
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) |  | 2023 |  | 2022 |  | 2021
Operating: |  |  |  |  |  |
Contingent consideration payments for prior year acquisitions |  | $ | (41) |  |  | $ | (38) |  |  | $ | (49) |
Receipt of contingent consideration for dispositions |  | 1 |  |  | — |  |  | 19 |
Acquisition/disposition related net charges for adjustments |  | 29 |  |  | 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) |  | 2023 |  | 2022 |  | 2021
Balance at January 1, |  | $ | 160 |  |  | $ | 166 |  |  | $ | 142 |
Provision charged to operations |  | 17 |  |  | 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.

X
- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//230/tableOfContent + Details
Name: | us-gaap_CashFlowSupplementalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SupplementalCashFlowInformationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration