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Goodwill
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

NOTE 4 Goodwill

The changes in the carrying value of goodwill by reportable segment for the years ended December 31, are as follows:

 

(in millions)

 

Retail

 

 

National
Programs

 

 

Wholesale
Brokerage

 

 

Services

 

 

Total

 

Balance as of January 1, 2021

 

$

2,650.4

 

 

$

1,091.1

 

 

$

483.1

 

 

$

171.3

 

 

$

4,395.9

 

Goodwill of acquired businesses

 

 

346.0

 

 

 

(1.3

)

 

 

5.3

 

 

 

—

 

 

 

350.0

 

Goodwill disposed of relating to sales of businesses

 

 

(3.1

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(3.1

)

Foreign currency translation adjustments during the year

 

 

(6.1

)

 

 

0.1

 

 

 

—

 

 

 

—

 

 

 

(6.0

)

Balance as of December 31, 2021

 

$

2,987.2

 

 

$

1,089.9

 

 

$

488.4

 

 

$

171.3

 

 

$

4,736.8

 

Goodwill of acquired businesses

 

 

1,366.6

 

 

 

516.5

 

 

 

111.4

 

 

 

—

 

 

 

1,994.5

 

Goodwill disposed of relating to sales of businesses

 

 

(38.5

)

 

 

—

 

 

 

(7.7

)

 

 

—

 

 

 

(46.2

)

Foreign currency translation adjustments during the year

 

 

(6.3

)

 

 

(4.0

)

 

 

(0.6

)

 

 

—

 

 

 

(10.9

)

Balance as of December 31, 2022

 

$

4,309.0

 

 

$

1,602.4

 

 

$

591.5

 

 

$

171.3

 

 

$

6,674.2