MARSH & MCLENNAN COMPANIES, INC. | 2013 | FY | 3

Supplemental Disclosures
The following schedule provides additional information concerning acquisitions, interest and income taxes paid:
(In millions of dollars)
2013

 
2012

 
2011

Assets acquired, excluding cash
$
217

 
$
380

 
$
214

Released from escrow in 2012
—

 
(62
)
 
—

Liabilities assumed
(53
)
 
(42
)
 
(21
)
Contingent/deferred purchase consideration
(39
)
 
(46
)
 
(33
)
Net cash outflow for current year acquisitions
125

 
230

 
160

Purchase of other intangibles
2

 
3

 
4

Deferred purchase consideration from prior years' acquisitions
15

 
59

 
11

Subtotal
$
142

 
$
292

 
$
175

Cash paid into escrow for future acquisition
—

 
—

 
62

Net cash outflow for acquisitions
$
142

 
$
292

 
$
237

(In millions of dollars)
2013

 
2012

 
2011

Interest paid
$
170

 
$
183

 
$
188

Income taxes paid, net of refunds
$
360

 
$
350

 
$
37



The Company had non-cash issuances of common stock under its share-based payment plan of $150 million, $193 million and $197 million for the years ended December 31, 2013, 2012 and 2011, respectively. The Company recorded stock-based compensation expense related to equity awards of $110 million, $152 million and $165 million for the years ended December 31, 2013, 2012 and 2011, respectively.
The consolidated statement of cash flows includes the cash flow impact of discontinued operations in each cash flow category, which were insignificant to the overall Company.  

An analysis of the allowance for doubtful accounts is as follows:
For the Year Ended December 31,
(In millions of dollars)
2013

 
2012

 
2011

Balance at beginning of year
$
106

 
$
105

 
$
114

Provision charged to operations
16

 
11

 
11

Accounts written-off, net of recoveries
(19
)
 
(12
)
 
(21
)
Effect of exchange rate changes and other
(5
)
 
2

 
1

Balance at end of year
$
98

 
$
106

 
$
105

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