XML 42 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 592.2 $ 539.6
Receivables 437.3 417.1
Investments in marketable securities 54.6 59.4
Goodwill 2,621.8 2,651.7
Acquired client relationships (net) 1,133.8 1,182.0
Equity method investments in Affiliates (net) 2,038.7 2,195.6
Fixed assets (net) 88.9 92.3
Other investments 222.9 211.8
Other assets 292.1 304.0
Total assets 7,482.3 7,653.5
Liabilities and Equity    
Payables and accrued liabilities 414.0 634.6
Debt 2,044.9 1,793.8
Deferred income tax liability (net) 393.4 450.2
Other liabilities 539.3 359.1
Total liabilities 3,391.6 3,237.7
Commitments and contingencies (Note 7)
Redeemable non-controlling interests [1] 581.8 916.7
Equity:    
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares outstanding in 2019 and 2020) 0.6 0.6
Additional paid-in capital 860.7 707.2
Accumulated other comprehensive loss (146.5) (108.8)
Retained earnings 3,789.1 3,819.8
Total stockholders' equity before treasury stock 4,503.9 4,418.8
Less: Treasury stock, at cost (10.4 shares in 2019 and 11.3 shares in 2020) (1,523.9) (1,481.3)
Total stockholders' equity 2,980.0 2,937.5
Non-controlling interests 528.9 561.6
Total equity 3,508.9 3,499.1
Total liabilities and equity $ 7,482.3 $ 7,653.5
[1]
As of December 31, 2019 and March 31, 2020, Redeemable non-controlling interests includes consolidated Affiliate sponsored investment products primarily attributable to third-party investors of $21.6 million and $18.6 million, respectively.