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Acquisitions and Dispositions (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule for Allocation of Acquisition Costs
The following table presents the preliminary allocation of purchase consideration to the assets acquired and liabilities assumed in 2024, based on the estimated fair values for McGriff and other acquisitions as of their respective acquisition dates. Other acquisitions in the table primarily reflect the acquisitions of Cardano, the Horton Group and FBBI.
Acquisitions for the Year Ended December 31, 2024
(In millions)McGriffOtherTotal
Cash$7,455 $1,706 $9,161 
Estimated fair value of deferred/contingent consideration— 190 190 
Total consideration$7,455 $1,896 $9,351 
Allocation of purchase price:
Cash and cash equivalents$47 $151 $198 
Cash and cash equivalents held in a fiduciary capacity409 12 421 
Net receivables313 117 430 
Other current assets13 76 89 
Goodwill5,184 1,223 6,407 
Other intangible assets2,142 522 2,664 
Fixed assets, net24 7 31 
Right of use assets76 20 96 
Other assets5 2 7 
Total assets acquired8,213 2,130 10,343 
Current liabilities263 106 369 
Fiduciary liabilities409 12 421 
Other liabilities86 116 202 
Total liabilities assumed758 234 992 
Net assets acquired$7,455 $1,896 $9,351 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
The following table provides information about other intangible assets acquired in 2024:
Other intangible assets for the Year Ended December 31, 2024
AmountWeighted Average
Amortization Period
(In millions)
McGriffOtherTotalMcGriff Other
Customer relationships$2,082 $457 $2,539 14.5 years12.5 years
Other60 65 125 2.0 years4.4 years
Total other intangible assets$2,142 $522 $2,664 
Schedule of Pro-Forma Information The following table provides information about the consolidated statements of income for each respective period:
Results For the Year Ended December 31,
(In millions)
202420232022
Revenue$451 $152 $58 
Operating income (loss)$34 $24 $(5)
The unaudited pro-forma financial data is presented for illustrative purposes only and is not necessarily indicative of the operating results that would have been achieved if such acquisitions had occurred on the dates indicated, nor is it necessarily indicative of future consolidated results.
For the Years Ended December 31,
(In millions, except per share data)202420232022
Revenue$25,938 $24,723 $21,238 
Net income attributable to the Company$4,119 $3,684 $3,058 
Basic net income per share attributable to the Company$8.37 $7.46 $6.12 
Diluted net income per share attributable to the Company$8.30 $7.39 $6.06