Other Financial Data

3 Months Ended

Mar. 31, 2026

Other Financial Data [Abstract]

Other Financial Data

Other Financial Data

Condensed Consolidated Statements of Income Information

Other Income (Expense)

Other income (expense) consists of the following (in millions):

	Three Months Ended March 31,
	2026		2025
Gain from disposals of businesses (1)	$	20	$	—
Equity loss	$	—	$	(2)
Pension and other postretirement	(15)		(23)
Foreign currency remeasurement	9		(16)
Financial instruments and other (2)	(9)		31
Total	$	5	$	(10)

(1)During the three months ended March 31, 2026, an additional $20 million gain was recognized associated with revisions to the final closing statement related to the disposal of the NFP Wealth business (as defined below) completed in the fourth quarter of 2025.

(2)During the three months ended March 31, 2025, a $20 million gain was recognized, related to deferred consideration from the affiliates of The Blackstone Group L.P. and the other designated purchasers related to a divestiture completed in a prior-year period.

Condensed Consolidated Statements of Financial Position Information

Allowance for Doubtful Accounts

Changes in the net carrying amount of allowance for doubtful accounts are as follows (in millions):

	Three Months Ended March 31,
	2026		2025
Balance at beginning of period	$	74	$	75
Provision	7		3
Accounts written off, net of recoveries	(2)		(5)
Foreign currency translation and other	4		1
Balance at end of period	$	83	$	74

Other Current Assets

The components of Other current assets are as follows (in millions):

As of	March 31, 2026		December 31, 2025
Costs to fulfill contracts with customers (1)	$	325	$	450
Prepaid expenses	155		136
Taxes receivable	60		102
Other	213		190
Total	$	753	$	878

(1)Refer to Note 3 “Revenue from Contracts with Customers” for further information.

Other Non-Current Assets

The components of Other non-current assets are as follows (in millions):

As of	March 31, 2026		December 31, 2025
Costs to obtain contracts with customers (1)	$	209	$	208
Investments	198		192
Taxes receivable	110		82
Other	275		274
Total	$	792	$	756

(1)Refer to Note 3 “Revenue from Contracts with Customers” for further information.

Other Current Liabilities

The components of Other current liabilities are as follows (in millions):

As of	March 31, 2026		December 31, 2025
Taxes payable	$	505	$	309
Deferred revenue (1)	348		259
Leases	178		181
Contingent consideration	32		28
Other	1,240		1,110
Total	$	2,303	$	1,887

(1)During the three months ended March 31, 2026 and 2025, revenue of $213 million and $230 million was recognized in the Condensed Consolidated Statements of Income, respectively.

Other Non-Current Liabilities

The components of Other non-current liabilities are as follows (in millions):

As of	March 31, 2026		December 31, 2025
Taxes payable	$	1,046	$	1,014
Contingent consideration	140		99
Compensation and benefits	53		60
Deferred revenue	28		30
Other	92		82
Total	$	1,359	$	1,285