Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 September 30, 2019 and December 31, 2018.

	Identical Assets (Level 1)				Observable Inputs (Level 2)				Unobservable Inputs (Level 3)				Total
(In millions)	09/30/19		12/31/18		09/30/19		12/31/18		09/30/19		12/31/18		09/30/19		12/31/18
Assets:
Financial instruments owned:
Exchange traded equity securities(a)	$	5	$	133	$	—	$	—	$	—	$	—	$	5	$	133
Mutual funds(a)	157		151		—		—		—		—		157		151
Money market funds(b)	37		118		—		—		—		—		37		118
Other equity investment(a)	—		—		8		8		—		—		8		8
Contingent purchase consideration asset(a)	—		—		—		—		65		—		65		—
Total assets measured at fair value	$	199	$	402	$	8	$	8	$	65	$	—	$	272	$	410
Fiduciary Assets:
U.S. Treasury Bills	$	—	$	20	$	—	$	—	$	—	$	—	$	—	$	20
Money market funds	433		80		—		—		—		—		433		80
Total fiduciary assets measured at fair value	$	433	$	100	$	—	$	—	$	—	$	—	$	433	$	100
Liabilities:
Contingent purchase consideration liability(c)	$	—	$	—	$	—	$	—	$	185	$	183	$	185	$	183
Acquisition related derivative contracts	—		—		—		116		—		325		—		441
Total liabilities measured at fair value	$	—	$	—	$	—	$	116	$	185	$	508	$	185	$	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 nine month periods ended September 30, 2019 and 2018:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2019			2018			2019			2018
Balance at beginning of period	$	196		$	185		$	508		$	189
(Reductions) Additions	(7		)	8			33			34
Payments	(13		)	(35		)	(58		)	(76		)
Revaluation Impact	6			8			26			19
Change in fair value of the FX contract	—			100			(325		)	100
Other (a)	3			2			1			2
Balance at September 30,	$	185		$	268		$	185		$	268

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