XML 24 R16.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Goodwill
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

NOTE 6 Goodwill

The changes in the carrying value of goodwill by reportable segment for the three months ended March 31, 2024 are as follows:

 

(in millions)

 

Retail (2)

 

 

Programs

 

 

Wholesale Brokerage

 

 

Total

 

Balance as of December 31, 2023

 

$

4,870

 

 

$

1,853

 

 

$

618

 

 

$

7,341

 

Goodwill of acquired businesses

 

 

58

 

 

 

—

 

 

 

—

 

 

 

58

 

Goodwill adjustment during measurement period (1)

 

 

4

 

 

 

(1

)

 

 

5

 

 

 

8

 

Foreign currency translation adjustments during the year

 

 

(18

)

 

 

(3

)

 

 

—

 

 

 

(21

)

Balance as of March 31, 2024

 

$

4,914

 

 

$

1,849

 

 

$

623

 

 

$

7,386

 
(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.
(2)
The December 31, 2023 Retail balance includes $127 million of goodwill reclassified from the former Services segment as a result of our segment realignment.