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Goodwill
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

NOTE 6 Goodwill

The changes in the carrying value of goodwill by reportable segment for the six months ended June 30, 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

 

 

94

 

 

 

—

 

 

 

1

 

 

 

95

 

Goodwill adjustment during measurement period (1)

 

 

6

 

 

 

1

 

 

 

6

 

 

 

13

 

Foreign currency translation adjustments during the year

 

 

(15

)

 

 

(3

)

 

 

—

 

 

 

(18

)

Balance as of June 30, 2024

 

$

4,955

 

 

$

1,851

 

 

$

625

 

 

$

7,431

 
(1)
Provisional estimates of fair value of acquired assets and liabilities 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 to goodwill.

 

(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.