Acquisitions and Dispositions (Tables)

6 Months Ended

Jun. 30, 2020

Schedule For Allocation of Acquisition Costs

The following table presents the preliminary allocation of purchase consideration to the assets acquired and liabilities assumed during 2020 based on the estimated fair values for the acquisitions as of their respective acquisition dates:



Acquisitions through June 30, 2020
(In millions)
Cash	576
Estimated fair value of deferred/contingent consideration	161
Total consideration	$	737
Allocation of purchase price:
Cash and cash equivalents	14
Accounts receivable, net	28
Fixed assets, net	16
Other intangible assets	277
Goodwill	466
Deferred tax assets	(43		)
Other assets	8
Total assets acquired	766
Current liabilities	19
Other liabilities	10
Total liabilities assumed	29
Net assets acquired	$	737

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The following chart provides information about intangible assets acquired during 2020:

Pro-Forma Information

The following unaudited pro-forma financial data gives effect to the acquisitions made by the Company during 2020 and 2019. In accordance with accounting guidance related to pro-forma disclosures, the information presented for current year acquisitions is as if they occurred on January 1, 2019 and reflects acquisitions made in 2019 as if they occurred on January 1, 2018. The unaudited pro-forma information adjusts for the effects of amortization of acquired intangibles and additional interest expense related to the issuance of debt related to the JLT Transaction. The unaudited pro-forma financial data is presented for illustrative purposes only and is not necessarily indicative of the operating results that would have been achieved if such acquisitions had occurred on the dates indicated, nor is it necessarily indicative of future consolidated results.



	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share figures)	2020		2019		2020		2019
Revenue	$	4,189	$	4,395	$	8,891	$	8,963
Net income attributable to the Company	$	574	$	488	$	1,328	$	1,146
Basic net income per share attributable to the Company	$	1.13	$	0.96	$	2.63	$	2.26
Diluted net income per share attributable to the Company	$	1.12	$	0.95	$	2.60	$	2.24

Intangible assets through June 30, 2020
(In millions)

Weighted Average Amortization Period

Client relationships