Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

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 September 30, 2014 and December 31, 2013.

	Identical Assets (Level 1)				Observable Inputs (Level 2)				Unobservable Inputs (Level 3)				Total
(In millions of dollars)	09/30/14		12/31/13		09/30/14		12/31/13		09/30/14		12/31/13		09/30/14		12/31/13
Assets:
Financial instruments owned:
Mutual funds(a)	$	150	$	154	$	—	$	—	$	—	$	—	$	150	$	154
Money market funds(b)	348		45		—		—		—		—		348		45
Interest rate swap derivatives(c)	—		—		—		3		—		—		—		3
Total assets measured at fair value	$	498	$	199	$	—	$	3	$	—	$	—	$	498	$	202
Fiduciary Assets:
Money market funds	$	77	$	—	$	—	$	—	$	—	$	—	$	77	$	—
Total fiduciary assets measured at fair value	$	77	$	—	$	—	$	—	$	—	$	—	$	77	$	—
Liabilities:
Contingent purchase consideration liability(d)	$	—	$	—	$	—	$	—	$	151	$	104	$	151	$	104
Senior Notes due 2014(e)	—		—		—		253		—		—		—		253
Total liabilities measured at fair value	$	—	$	—	$	—	$	253	$	151	$	104	$	151	$	357

^(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 as of September 30, 2014 and 2013 that represent contingent consideration related to acquisitions:

(In millions of dollars)	2014			2013
Balance at January 1,	$	104		$	63
Additions	70			21
Payments	(40		)	(8		)
Revaluation Impact	17			16
Balance at September 30,	$	151		$	92