XML 36 R112.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Financial Information (Parent Company Only) - Condensed Statements of Income (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2018
Sep. 30, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Condensed Financial Statements, Captions          
Salaries and benefits     $ 155.3 $ 146.4 $ 122.7
Interest expense     59.0 40.9 28.0
Acquisition related expenses   $ 12.4 20.3 12.4 27.2
Earnings before income tax benefit     235.1 206.3 156.7
Income tax benefit     54.1 46.1 50.2
Net income $ 160.2   181.0 160.2 106.5
Parent Company          
Condensed Financial Statements, Captions          
Dividends from subsidiaries     178.0 148.5 150.0
Other interest income     0.3 0.1 0.1
Other income, primarily management fees from subsidiaries     25.9 17.0 18.0
Total income     204.2 165.6 168.1
Salaries and benefits     34.2 25.3 21.8
Interest expense     4.7 4.5 4.7
Acquisition related expenses     17.0 8.1 25.3
Other operating expenses, net     14.8 14.5 13.0
Total expenses     70.7 52.4 64.8
Earnings before income tax benefit     133.5 113.2 103.3
Income tax benefit     (11.9) (9.3) (14.2)
Income before undistributed earnings of subsidiaries     145.4 122.5 117.5
Undistributed earnings of subsidiaries     35.6 37.7 (11.0)
Net income     $ 181.0 $ 160.2 $ 106.5