Supplemental Disclosures of Cash Flow Information

9 Months Ended

Sep. 30, 2023

Cash and Cash Equivalents [Abstract]

Supplemental Disclosures of Cash Flow Information

13. Supplemental Disclosures of Cash Flow Information


	Nine-month period ended September 30,
Supplemental disclosures of cash flow information (in millions):	2023		2022
Interest paid	$	212.7	$	178.3
Income taxes paid, net		166.1		203.3

The following is a reconciliation of our end of period cash, cash equivalents, restricted cash and fiduciary cash balances as presented in the consolidated statement of cash flows for the nine-month periods ended September 30, 2023 and 2022 (in millions):


	September 30,
	2023		2022
Cash and cash equivalents - non-restricted cash	$	857.6	$	629.8
Cash and cash equivalents - restricted cash		169.9		180.8
Total cash and cash equivalents		1,027.5		810.6
Fiduciary cash		5,757.9		4,466.2
Total cash, cash equivalents, restricted cash and fiduciary cash	$	6,785.4	$	5,276.8

Fiduciary cash is included in fiduciary assets in our consolidated balance sheet.

We have a qualified contributory savings and thrift 401(k) plan covering the majority of our domestic employees. For eligible employees who have met the plan’s age and service requirements to receive matching contributions, we historically have matched 100% of pre-tax and Roth elective deferrals up to a maximum of 5.0% of eligible compensation, subject to federal limits on plan contributions and not in excess of the maximum amount deductible for federal income tax purposes. Beginning in 2021, the amount matched by the company will be discretionary and annually determined by management. Employees must be employed and eligible for the plan on the last day of the plan year to receive a matching contribution, subject to certain exceptions enumerated in the plan document. Matching contributions are subject to a five-year graduated vesting schedule and can be funded in cash or company stock. We expensed (net of plan forfeitures) $66.0 million and $59.8 million related to the plan in the nine-month periods ended September 30, 2023 and 2022, respectively. During 2022, our board of directors authorized the 5.0% employer matching contribution on eligible compensation to the 401(k) plan for the 2022 plan year to be funded with our common stock, which was funded in February 2023. During 2021, our board of directors authorized the 5.0% employer matching contribution on eligible compensation to the 401(k) plan for the 2021 plan year to be funded with our common stock, which was funded in February 2022.