XML 19 R3.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Consolidated revenue $ 2,074.4 $ 2,040.9 $ 2,057.8
Consolidated expenses:      
Compensation and related expenses 1,019.8 915.3 907.5
Selling, general and administrative 408.6 376.5 358.2
Intangible amortization and impairments 160.3 29.0 48.3
Interest expense 136.5 133.3 123.8
Depreciation and other amortization 10.4 13.4 13.0
Other expenses (net) 69.8 40.3 45.8
Total consolidated expenses 1,805.4 1,507.8 1,496.6
Equity method income (net) 462.9 312.7 280.0
Affiliate transaction gains 371.3 0.0 133.1
Investment and other income 83.1 77.4 117.1
Income before income taxes 1,186.3 923.2 1,091.4
Income tax expense 282.3 182.6 185.3
Net income 904.0 740.6 906.1
Net income (non-controlling interests) (187.4) (229.0) (233.2)
Net income (controlling interest) $ 716.6 $ 511.6 $ 672.9
Average shares outstanding (basic) (in shares) 28.5 31.1 35.1
Average shares outstanding (diluted) (in shares) 33.0 36.1 42.2
Earnings per share (basic) (in dollars per share) $ 25.18 $ 16.45 $ 19.18
Earnings per share (diluted) (in dollars per share) $ 22.74 $ 15.13 $ 17.42