Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

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, 2015 and December 31, 2014.



	Identical Assets (Level 1)				Observable Inputs (Level 2)				Unobservable Inputs (Level 3)				Total
(In millions of dollars)	09/30/15		12/31/14		09/30/15		12/31/14		09/30/15		12/31/14		09/30/15		12/31/14
Assets:
Financial instruments owned:
Mutual funds^(a)	$	136	$	150	$	—	$	—	$	—	$	—	$	136	$	150
Money market funds^(b)	310		107		—		—		—		—		310		107
Total assets measured at fair value	$	446	$	257	$	—	$	—	$	—	$	—	$	446	$	257
Fiduciary Assets:
Money market funds	$	79	$	57	$	—	$	—	$	—	$	—	$	79	$	57
Total fiduciary assets measured at fair value	$	79	$	57	$	—	$	—	$	—	$	—	$	79	$	57
Liabilities:
Contingent purchase consideration liability^(c)	$	—	$	—	$	—	$	—	$	283	$	207	$	283	$	207
Total liabilities measured at fair value	$	—	$	—	$	—	$	—	$	283	$	207	$	283	$	207


^(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 accounts payable and accrued liabilities and other liabilities 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, 2015 and 2014 that represent contingent consideration related to acquisitions:



(In millions of dollars)	2015			2014
Balance at January 1,	$	207		$	104
Additions	73			70
Payments	(39		)	(40		)
Revaluation Impact	42			17
Balance at September 30,	$	283		$	151