Acquisitions and Dispositions (Tables)

6 Months Ended

Jun. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule For Allocation of Acquisition Costs

The following table presents the preliminary allocation of purchase consideration to the assets acquired and liabilities assumed during 2021 based on the estimated fair values for the acquisitions as of their respective acquisition dates:

Acquisitions through June 30, 2021
(In millions)
Cash	$	367
Estimated fair value of deferred/contingent consideration	138
Total consideration	$	505
Allocation of purchase price:
Cash and cash equivalents	$	4
Accounts receivable, net	30
Other current assets	1
Fixed assets, net	4
Other intangible assets	188
Goodwill	338
Total assets acquired	565
Current liabilities	23
Other liabilities	37
Total liabilities assumed	60
Net assets acquired	$	505

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The following chart provides information about intangible assets acquired during 2021:

Intangible assets through June 30, 2021 (In millions)	Amount		Weighted Average Amortization Period
Client relationships	$	169	14.0 years
Other	19		3.9 years
	$	188

Pro-Forma Information

The following unaudited pro-forma financial data gives effect to the acquisitions made by the Company during 2021 and 2020. In accordance with accounting guidance related to pro-forma disclosures, the information presented for acquisitions made in 2021 is as if they occurred on January 1, 2020 and reflects acquisitions made in 2020 is as if they occurred on January 1, 2019. The unaudited pro-forma information adjusts for the effects of amortization of acquired intangibles. 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)	2021		2020		2021		2020
Revenue	$	5,017	$	4,231	$	10,137	$	8,970
Net income attributable to the Company	$	820	$	577	$	1,806	$	1,332
Basic net income per share attributable to the Company	$	1.61	$	1.14	$	3.55	$	2.64
Diluted net income per share attributable to the Company	$	1.60	$	1.13	$	3.52	$	2.61