SUPPLEMENTAL CASH FLOW & OTHER DATA

9 Months Ended

Sep. 30, 2025

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW AND OTHER DATA

Supplemental cash flow and other data for the three and nine months ended September 30, 2025 and 2024 was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Depreciation expense	$	103	$	93	$	308	$	268
Amortization expense	39		32		117		90
Depreciation and amortization expense	$	142	$	125	$	425	$	358

Interest expense	$	(69)	$	(58)	$	(210)	$	(154)
Interest income	3		9		10		18
Interest expense, net	$	(66)	$	(49)	$	(200)	$	(136)

Interest paid	$	22	$	62	$	167	$	167
Income taxes paid	$	2	$	61	$	112	$	179

Accounts payable associated with capital expenditures	$	40	$	35	$	40	$	35

Dividends payable	$	91	$	84	$	91	$	84

Businesses acquired:
Fair value of assets acquired	$	34	$	1,725	$	57	$	2,014
Fair value of liabilities assumed	—		142		6		183
Fair value of net assets acquired	34		1,583		51		1,831
Merger consideration payable	—		—		—		—
Cash paid for business acquisitions	34		1,583		51		1,831
Less: Cash acquired	—		50		—		50
Business acquisitions, net of cash acquired	$	34	$	1,533	$	51	$	1,781

Leases:




Leased assets obtained in exchange for new operating lease liabilities	$	44	$	33	$	140	$	120

During the nine months ended September 30, 2025 and 2024, 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 $(61) million and $(22) million, respectively.

During the nine months ended September 30, 2025, the Company received $46 million from a payroll tax credit under the Coronavirus Aid, Relief, and Economic Security Act associated with the retention of employees. Such amount is recorded in other operating expense, net in the Company's consolidated statement of operations.