Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

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 June 30, 2019 and December 31, 2018.

	Identical Assets (Level 1)				Observable Inputs (Level 2)				Unobservable Inputs (Level 3)				Total
(In millions)	06/30/19		12/31/18		06/30/19		12/31/18		06/30/19		12/31/18		06/30/19		12/31/18
Assets:
Financial instruments owned:
Exchange traded equity securities(a)	$	4	$	133	$	—	$	—	$	—	$	—	$	4	$	133
Mutual funds(a)	153		151		—		—		—		—		153		151
Money market funds(b)	71		118		—		—		—		—		71		118
Other equity investment(a)	—		—		8		8		—		—		8		8
Contingent purchase consideration asset(a)	—		—		—		—		65		—		65		—
Total assets measured at fair value	$	228	$	402	$	8	$	8	$	65	$	—	$	301	$	410
Fiduciary Assets:
U.S. Treasury Bills	$	—	$	20	$	—	$	—	$	—	$	—	$	—	$	20
Money market funds	347		80		—		—		—		—		347		80
Total fiduciary assets measured at fair value	$	347	$	100	$	—	$	—	$	—	$	—	$	347	$	100
Liabilities:
Contingent purchase consideration liability(c)	$	—	$	—	$	—	$	—	$	196	$	183	$	196	$	183
Acquisition related derivative contracts	—		—		—		116		—		325		—		441
Total liabilities measured at fair value	$	—	$	—	$	—	$	116	$	196	$	508	$	196	$	624

^(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 for the three and six month periods ended June 30, 2019 and 2018:

	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)	2019			2018			2019			2018
Balance at beginning of period,	$	454		$	161		$	508		$	189
Additions	29			20			40			26
Payments	(10		)	(1		)	(45		)	(41		)
Revaluation Impact	9			6			20			11
Change in fair value of the FX contract	(283		)	—			(325		)	—
Other (a)	(3		)	(1		)	(2		)	—
Balance at June 30,	$	196		$	185		$	196		$	185

^(a) Primarily reflects the impact of foreign exchange.