XML 10 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES        
Commissions and fees $ 1,155 $ 1,049 $ 3,545 $ 3,193
Investment income 31 17 71 34
Other income, net 0 2 6 4
Total revenues 1,186 1,068 3,622 3,231
EXPENSES        
Employee compensation and benefits 607 532 1,823 1,633
Other operating expenses 165 168 499 490
Gain on disposal (1) (3) (30) (9)
Amortization 45 41 131 123
Depreciation 11 10 33 30
Interest 50 48 147 143
Change in estimated acquisition earn-out payables (8) 30 (9) 30
Total expenses 869 826 2,594 2,440
Income before income taxes 317 242 1,028 791
Income taxes 78 66 237 189
Net income before non-controlling interests 239 176 791 602
Less: Net income attributable to non-controlling interests 5   8  
Net income attributable to the Company $ 234 $ 176 $ 783 $ 602
Net income per share:        
Basic $ 0.82 $ 0.62 $ 2.75 $ 2.12
Diluted $ 0.81 $ 0.62 $ 2.73 $ 2.11