Goodwill is subject to at least an annual assessment for impairment by applying a fair value-based test. The Company completed its most recent annual assessment as of November 30, 2021 and identified no impairment as a result of the evaluation.

The changes in the carrying value of goodwill by reportable segment for the six months ended June 30, 2022 are as follows:


(in millions)	Retail			National Programs			Wholesale Brokerage		Services		Total
Balance as of December 31, 2021	$	2,987.2		$	1,089.9		$	488.4	$	171.3	$	4,736.8
Goodwill of acquired businesses		18.9			402.3			0.2		—		421.4
Goodwill disposed of relating to sales of businesses		(2.0	)		—			—		—		(2.0	)
Foreign currency translation adjustments during the year		(6.2	)		(1.0	)		—		—		(7.2	)
Balance as of June 30, 2022	$	2,997.9		$	1,491.2		$	488.6	$	171.3	$	5,149.0