SUPPLEMENTAL CASH FLOW & OTHER DATA

3 Months Ended

Mar. 31, 2025

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW AND OTHER DATA

Supplemental cash flow and other data for the three months ended March 31, 2025 and 2024 was as follows:


	Three Months Ended March 31,
	2025		2024
Depreciation expense	$	101	$	87
Amortization expense	39		29
Depreciation and amortization expense	$	140	$	116

Interest expense	$	(72)	$	(49)
Interest income	5		6
Interest expense, net	$	(67)	$	(43)

Interest paid	$	32	$	44
Income taxes paid	$	4	$	3

Accounts payable associated with capital expenditures	$	30	$	28

Dividends payable	$	90	$	84

Businesses acquired:
Fair value of assets acquired	$	—	$	155
Fair value of liabilities assumed	—		7
Fair value of net assets acquired	—		148
Merger consideration payable	—		(6)
Cash paid for business acquisitions	—		142
Less: Cash acquired	—		—
Business acquisitions, net of cash acquired	$	—	$	142

Leases:




Leased assets obtained in exchange for new operating lease liabilities	$	52	$	35

During the three months ended March 31, 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 $(51) million, respectively.