XML 101 R88.htm IDEA: XBRL DOCUMENT v3.22.4
Commitments and Contingencies Schedule of Contingent Acquisition Obligations (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]
Contingent Acquisition Obligations
The following table details the estimated future contingent acquisition obligations payable in cash as of December 31, 2022.
20232024202520262027ThereafterTotal
Deferred acquisition payments$18.7 $3.1 $0.0 $0.1 $0.0 $0.0 $21.9 
Redeemable non-controlling interests and call options with affiliates 1
9.5 1.2 16.0 0.0 24.3 0.0 51.0 
Total contingent acquisition payments$28.2 $4.3 $16.0 $0.1 $24.3 $0.0 $72.9 
1We have entered into certain acquisitions that contain both redeemable non-controlling interests and call options with similar terms and conditions. The estimated amounts listed would be paid in the event of exercise at the earliest exercise date. We have certain redeemable non-controlling interests that are exercisable at the discretion of the non-controlling equity owners as of December 31, 2022. These estimated payments of $4.1 are included within the total payments expected to be made in 2023, and will continue to be carried forward into 2024 or beyond until exercised or expired. Redeemable non-controlling interests are included in the table at current exercise price payable in cash, not at applicable redemption value, in accordance with the authoritative guidance for classification and measurement of redeemable securities.
The majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements. See Note 6 for further information relating to the payment structure of our acquisitions.