Acquisitions and Dispositions of Businesses (Tables)

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Total Acquisitions

Total acquisitions completed by the Company for the three months ended March 31, 2026 and 2025 were as follows. Acquisitions that impact multiple segments are categorized by the segment primarily impacted.

	Three Months Ended March 31,
	2026	2025
Risk Capital	5	6
Human Capital	—	1
Total	5	7

Schedule of Consideration Transferred and Preliminary Value of Intangible Assets

The following table includes the preliminary fair values of consideration transferred, assets acquired, and liabilities assumed as a result of the Company’s acquisitions completed in 2026 (in millions):

	Three Months Ended March 31, 2026
Consideration transferred:
Cash	$	347
Deferred and contingent consideration	50
Aggregate consideration transferred	$	397
Assets acquired:
Goodwill	190
Intangible assets	263
Other assets (1)	84
Total assets acquired	537
Liabilities assumed:
Total liabilities assumed	140
Net assets acquired	$	397

(1)Includes Cash and cash equivalents of $29 million and $24 million in funds held on behalf of clients.