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Goodwill (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Value of Goodwill by Reportable Segment

The changes in the carrying value of goodwill by reportable segment for the six months ended June 30, 2023 are as follows:

 

(in millions)

 

Retail

 

 

National
Programs

 

 

Wholesale
Brokerage

 

 

Services

 

 

Total

 

Balance as of December 31, 2022

 

$

4,309.0

 

 

$

1,602.4

 

 

$

591.5

 

 

$

171.3

 

 

$

6,674.2

 

Goodwill adjustment during measurement period (1)

 

 

14.9

 

 

 

(23.9

)

 

 

 

 

 

 

 

 

(9.0

)

Goodwill of acquired businesses

 

 

121.1

 

 

 

2.9

 

 

 

1.8

 

 

 

 

 

 

125.8

 

Goodwill disposed of relating to sales of businesses

 

 

 

 

 

(2.7

)

 

 

 

 

 

 

 

 

(2.7

)

Foreign currency translation and other adjustments during the year

 

 

67.7

 

 

 

3.9

 

 

 

5.2

 

 

 

 

 

 

76.8

 

Balance as of June 30, 2023

 

$

4,512.7

 

 

$

1,582.6

 

 

$

598.5

 

 

$

171.3

 

 

$

6,865.1

 

(1)
Provisional estimates of fair value are established at the time of each acquisition and are subsequently reviewed and finalized within the first year of operations subsequent to the acquisition date to determine the necessity for adjustments. As of June 30, 2023, we made adjustments to the amounts initially recorded for purchased customer accounts and goodwill. See also Note 5.