Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 31, 2025

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 2025, based on the estimated fair values for the acquisitions as of their respective acquisition dates.

Acquisitions through March 31, 2025
(In millions)
Cash	$	37
Estimated fair value of deferred/contingent purchase consideration	10
Fair value of previously-held equity method investment	15
Total consideration	$	62
Allocation of purchase price:
Cash and cash equivalents	$	4
Cash and cash equivalents held in a fiduciary capacity	15
Net receivables	2
Other current assets	1
Goodwill	33
Other intangible assets	24
Right of use assets	1
Other assets	4
Total assets acquired	84
Current liabilities	2
Fiduciary liabilities	15
Other liabilities	5
Total liabilities assumed	22
Net assets acquired	$	62

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The following table provides information about other intangible assets acquired in 2025:

Other intangible assets through March 31, 2025 (In millions)	Amount		Weighted Average Amortization Period
Client relationships	$	22	12.9 years
Other	2		5.0 years
Total other intangible assets	$	24

Schedule of Pro-Forma Information

The following table provides information about the consolidated statements of income for each respective period:

Results for the three months ended March 31,
(In millions)	2025		2024
Revenue	$	3	$	14
Operating income (loss)	$	1	$	(6)

The following unaudited pro-forma financial data gives effect to the acquisitions made by the Company in 2025 and 2024. In accordance with accounting guidance related to pro-forma disclosures, the information presented for acquisitions made in 2025 is as if they occurred on January 1, 2024, and reflects acquisitions made in 2024, as if they occurred on January 1, 2023.

The unaudited pro-forma financial data includes the effects of amortization of acquired intangibles and acquisition related costs in all years. The unaudited pro-forma information presented in the table below also includes additional adjustments for revenue and interest expense related to the issuance of debt.

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.

	Three Months Ended  March 31,
(In millions, except per share data)	2025		2024
Revenue	$	7,063	$	6,924
Net income attributable to the Company	$	1,382	$	1,389
Basic net income per share attributable to the Company	$	2.81	$	2.82
Diluted net income per share attributable to the Company	$	2.79	$	2.80