Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following fair value hierarchy table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and 2012.

(In millions of dollars)	Identical Assets (Level 1)				Observable Inputs (Level 2)				Unobservable Inputs (Level 3)				Total
	12/31/13		12/31/12		12/31/13		12/31/12		12/31/13		12/31/12		12/31/13		12/31/12
Assets:
Financial instruments owned:
Mutual funds(a)	$	154	$	139	$	—	$	—	$	—	$	—	$	154	$	139
Money market funds(b)	45		483		—		—		—		—		45		483
Interest rate swap derivatives(c)	—		—		3		6		—		—		3		6
Total assets measured at fair value	$	199	$	622	$	3	$	6	$	—	$	—	$	202	$	628
Fiduciary Assets:
State and local obligations (including non-U.S. locales)	$	—	$	—	$	—	$	3	$	—	$	—	$	—	$	3
Money market funds	—		149		—		—		—		—		—		149
Total fiduciary assets measured at fair value	$	—	$	149	$	—	$	3	$	—	$	—	$	—	$	152
Liabilities:
Contingent purchase consideration liability(d)	$	—	$	—	$	—	$	—	$	104	$	63	$	104	$	63
Senior Notes due 2014(e)	$	—	$	—	$	253	$	256	$	—	$	—	$	253	$	256
Total liabilities measured at fair value	$	—	$	—	$	253	$	256	$	104	$	63	$	357	$	319

(a) Included in other assets in the consolidated balance sheets.

(b) Included in cash and cash equivalents in the consolidated balance sheets.

(c) Included in other receivables in the consolidated balance sheets.

(d) Included in accounts payable and accrued liabilities and other liabilities in the consolidated balance sheets.

(e) Included in long term-debt in the consolidated balance sheets.

Changes in Fair Value of Level 3 Liabilities Representing Acquisition Related Contingent Consideration

The table below sets forth a summary of the changes in fair value of the Company’s Level 3 liabilities for the years ended December 31, 2013 and December 31, 2012 that represent contingent purchase consideration related to acquisitions:

(In millions of dollars)	2013			2012
Balance at January 1,	$	63		$	110
Additions	26			27
Payments	(17		)	(30		)
Revaluation Impact	32			(44		)
Balance at December 31,	$	104		$	63