Discontinued Operations and Disposal Groups (Tables)

6 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Divestitures and Assets Held for Sale

The major classes of revenue and expenses constituting net income from discontinued operations attributable to controlling interests for Landmark and TSW in the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2022 and 2021 are as follows (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Revenues	$	—	$	51.3	$	—	$	109.5
Operating expenses:
Compensation and benefits	—		43.8		—		87.6
General and administrative expenses	—		3.3		—		7.7
Amortization of intangibles	—		1.1		—		2.7
Depreciation and amortization	—		0.2		—		0.5
Consolidated Funds’ expense	—		—		—		0.1
Total operating expenses	—		48.4		—		98.6
Operating income	—		2.9		—		10.9
Investment gains of consolidated Funds	—		51.5		—		68.1
Income from discontinued operations before taxes	—		54.4		—		79.0
Income tax expense	—		1.0		—		3.7
Income from discontinued operations, net of tax	—		53.4		—		75.3
Gain on disposal, net of tax of $0.0, $176.6, $0.0, and $176.6	—		509.2		—		509.2
Total discontinued operations	—		562.6		—		584.5
Income from discontinued operations attributable to non-controlling interests	—		54.6		—		68.0
Net income from discontinued operations attributable to controlling interests	$	—	$	508.0	$	—	$	516.5