Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

Financial information relating to our segments for 2019, 2018 and 2017 is as follows (in millions):

Year Ended December 31, 2019	Brokerage			Risk Management			Corporate			Total
Revenues:
Commissions	$	3,320.6		$	—		$	—		$	3,320.6
Fees		1,074.2			836.9			—			1,911.1
Supplemental revenues		210.5			—			—			210.5
Contingent revenues		135.6			—			—			135.6
Investment income		85.3			1.6			—			86.9
Net gains on divestitures		75.3			—			—			75.3
Revenue from clean coal activities		—			—			1,319.3			1,319.3
Other net losses		—			—			(2.9	)		(2.9	)
Revenues before reimbursements		4,901.5			838.5			1,316.4			7,056.4
Reimbursements		—			138.6			—			138.6
Total revenues		4,901.5			977.1			1,316.4			7,195.0
Compensation		2,745.9			515.7			77.9			3,339.5
Operating		796.5			184.9			87.1			1,068.5
Reimbursements		—			138.6			—			138.6
Cost of revenues from clean coal activities		—			—			1,352.8			1,352.8
Interest		—			—			179.8			179.8
Depreciation		66.6			46.2			27.6			140.4
Amortization		329.1			4.9			—			334.0
Change in estimated acquisition earnout payables		16.9			(1.6	)		—			15.3
Total expenses		3,955.0			888.7			1,725.2			6,568.9
Earnings (loss) before income taxes		946.5			88.4			(408.8	)		626.1
Provision (benefit) for income taxes		229.2			22.2			(341.1	)		(89.7	)
Net earnings (loss)		717.3			66.2			(67.7	)		715.8
Net earnings attributable to noncontrolling interests		17.2			—			29.8			47.0
Net earnings (loss) attributable to controlling interests	$	700.1		$	66.2		$	(97.5	)	$	668.8
Net foreign exchange loss	$	(1.0	)	$	(0.1	)	$	(5.6	)	$	(6.7	)
Revenues:
United States	$	3,234.3		$	828.4		$	1,316.4		$	5,379.1
United Kingdom		921.8			41.6			—			963.4
Australia		211.3			87.3			—			298.6
Canada		221.4			4.6			—			226.0
New Zealand		145.6			15.2			—			160.8
Other foreign		167.1			—			—			167.1
Total revenues	$	4,901.5		$	977.1		$	1,316.4		$	7,195.0
At December 31, 2019
Identifiable assets:
United States	$	8,132.3		$	655.6		$	1,994.8		$	10,782.7
United Kingdom		4,964.5			126.6			—			5,091.1
Australia		1,217.9			90.0			—			1,307.9
Canada		913.6			3.1			—			916.7
New Zealand		695.9			22.8			—			718.7
Other foreign		817.7			—			—			817.7
Total identifiable assets	$	16,741.9		$	898.1		$	1,994.8		$	19,634.8
Goodwill - net	$	5,548.9		$	66.6		$	3.0		$	5,618.5
Amortizable intangible assets - net		2,289.9			28.8			—			2,318.7

106

Year Ended December 31, 2018	Brokerage		Risk Management			Corporate			Total
Revenues:
Commissions	$	2,920.7	$	—		$	—		$	2,920.7
Fees		958.5		797.8			—			1,756.3
Supplemental revenues		189.9		—			—			189.9
Contingent revenues		98.0		—			—			98.0
Investment income		69.6		0.5			—			70.1
Net gains on divestitures		10.2		—			—			10.2
Revenue from clean coal activities		—		—			1,746.3			1,746.3
Other net revenues		—		—			0.9			0.9
Revenues before reimbursements		4,246.9		798.3			1,747.2			6,792.4
Reimbursements		—		141.6			—			141.6
Total revenues		4,246.9		939.9			1,747.2			6,934.0
Compensation		2,447.1		489.7			89.5			3,026.3
Operating		673.5		174.6			55.6			903.7
Reimbursements		—		141.6			—			141.6
Cost of revenues from clean coal activities		—		—			1,816.0			1,816.0
Interest		—		—			138.4			138.4
Depreciation		60.9		38.7			28.2			127.8
Amortization		286.9		4.3			—			291.2
Change in estimated acquisition earnout payables		14.3		(4.7	)		—			9.6
Total expenses		3,482.7		844.2			2,127.7			6,454.6
Earnings (loss) before income taxes		764.2		95.7			(380.5	)		479.4
Provision (benefit) for income taxes		191.0		25.3			(412.8	)		(196.5	)
Net earnings		573.2		70.4			32.3			675.9
Net earnings attributable to noncontrolling interests		10.7		—			31.7			42.4
Net earnings attributable to controlling interests	$	562.5	$	70.4		$	0.6		$	633.5
Net foreign exchange gain	$	—	$	—		$	2.9		$	2.9
Revenues:
United States	$	2,840.9	$	789.7		$	1,747.2		$	5,377.8
United Kingdom		738.5		35.4			—			773.9
Australia		195.9		94.7			—			290.6
Canada		181.1		4.3			—			185.4
New Zealand		141.7		15.8			—			157.5
Other foreign		148.8		—			—			148.8
Total revenues	$	4,246.9	$	939.9		$	1,747.2		$	6,934.0
At December 31, 2018
Identifiable assets:
United States	$	6,865.4	$	571.4		$	1,800.8		$	9,237.6
United Kingdom		3,758.5		103.8			—			3,862.3
Australia		1,096.1		47.2			—			1,143.3
Canada		783.1		4.4			—			787.5
New Zealand		688.5		21.3			—			709.8
Other foreign		593.5		—			—			593.5
Total identifiable assets	$	13,785.1	$	748.1		$	1,800.8		$	16,334.0
Goodwill - net	$	4,573.7	$	49.2		$	2.7		$	4,625.6
Amortizable intangible assets - net		1,753.7		19.3			—			1,773.0

Year Ended December 31, 2017	Brokerage			Risk Management			Corporate			Total
Revenues:
Commissions	$	2,641.0		$	—		$	—		$	2,641.0
Fees		855.1			736.8			—			1,591.9
Supplemental revenues		158.0			—			—			158.0
Contingent revenues		99.5			—			—			99.5
Investment income		58.1			0.6			—			58.7
Net gains on divestitures		3.4			—			—			3.4
Revenue from clean coal activities		—			—			1,560.5			1,560.5
Revenues before reimbursements		3,815.1			737.4			1,560.5			6,113.0
Reimbursements		—			136.0			—			136.0
Total revenues		3,815.1			873.4			1,560.5			6,249.0
Compensation		2,212.3			446.9			88.2			2,747.4
Operating		614.0			164.8			50.3			829.1
Reimbursements		—			136.0			—			136.0
Cost of revenues from clean coal activities		—			—			1,635.9			1,635.9
Interest		—			—			124.1			124.1
Depreciation		61.8			31.1			28.2			121.1
Amortization		261.8			2.9			—			264.7
Change in estimated acquisition earnout payables		29.3			1.6			—			30.9
Total expenses		3,179.2			783.3			1,926.7			5,889.2
Earnings (loss) before income taxes		635.9			90.1			(366.2	)		359.8
Provision (benefit) for income taxes		221.2			34.4			(412.7	)		(157.1	)
Net earnings		414.7			55.7			46.5			516.9
Net earnings attributable to noncontrolling interests		7.6			—			28.0			35.6
Net earnings attributable to controlling interests	$	407.1		$	55.7		$	18.5		$	481.3
Net foreign exchange loss	$	(2.0	)	$	(0.1	)	$	(1.8	)	$	(3.9	)
Revenues:
United States	$	2,533.7		$	745.1		$	1,560.5		$	4,839.3
United Kingdom		679.3			30.6			—			709.9
Australia		191.1			78.2			—			269.3
Canada		149.4			4.2			—			153.6
New Zealand		134.4			15.3			—			149.7
Other foreign		127.2			—			—			127.2
Total revenues	$	3,815.1		$	873.4		$	1,560.5		$	6,249.0
At December 31, 2017
Identifiable assets:
United States	$	5,890.5		$	572.9		$	1,766.8		$	8,230.2
United Kingdom		3,496.2			91.3			—			3,587.5
Australia		1,102.9			48.9			—			1,151.8
Canada		743.3			6.8			—			750.1
New Zealand		709.9			18.7			—			728.6
Other foreign		461.5			—			—			461.5
Total identifiable assets	$	12,404.3		$	738.6		$	1,766.8		$	14,909.7
Goodwill - net	$	4,119.2		$	42.6		$	3.0		$	4,164.8
Amortizable intangible assets - net		1,630.6			14.0			—			1,644.6