Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

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, 2020 and December 31, 2019.

	Identical Assets (Level 1)				Observable Inputs (Level 2)				Unobservable Inputs (Level 3)				Total
(In millions)	06/30/20		12/31/19		06/30/20		12/31/19		06/30/20		12/31/19		06/30/20		12/31/19
Assets:
Financial instruments owned:
Exchange traded equity securities(a)	$	59	$	4	$	—	$	—	$	—	$	—	$	59	$	4
Mutual funds(a)	155		166		—		—		—		—		155		166
Money market funds(b)	530		55		—		—		—		—		530		55
Other equity investment(a)	—		—		8		8		—		—		8		8
Contingent purchase consideration asset(c)	—		—		—		—		64		84		64		84
Total assets measured at fair value	$	744	$	225	$	8	$	8	$	64	$	84	$	816	$	317
Fiduciary Assets:
U.S. Treasury Bills	$	55	$	40	$	—	$	—	$	—	$	—	$	55	$	40
Money market funds	79		360		—		—		—		—		79		360
Total fiduciary assets measured at fair value	$	134	$	400	$	—	$	—	$	—	$	—	$	134	$	400
Liabilities:
Contingent purchase consideration liability(d)	$	—	$	—	$	—	$	—	$	233	$	225	$	233	$	225
Total liabilities measured at fair value	$	—	$	—	$	—	$	—	$	233	$	225	$	233	$	225

^(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 at June 30, 2020 and other assets at December 31, 2019 in the consolidated balance sheets.

^(d) 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, 2020 and 2019:

	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)	2020			2019			2020			2019
Balance at beginning of period	$	239		$	454		$	225		$	508
Net Additions	66			29			96			40
Payments	(65		)	(10		)	(78		)	(45		)
Revaluation Impact	(11		)	9			(10		)	20
Change in fair value of the FX contract	—			(283		)	—			(325		)
Other (a)	4			(3		)	—			(2		)
Balance at June 30,	$	233		$	196		$	233		$	196

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