Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 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 September 30, 2021
(In millions)
Cash	$	405
Estimated fair value of deferred/contingent consideration	141
Total consideration	$	546
Allocation of purchase price:
Cash and cash equivalents	$	4
Accounts receivable, net	32
Fixed assets, net	5
Other intangible assets	190
Goodwill	374
Total assets acquired	605
Current liabilities	27
Other liabilities	32
Total liabilities assumed	59
Net assets acquired	$	546

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

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

Intangible assets through September 30, 2021 (In millions)	Amount		Weighted Average Amortization Period
Client relationships	$	176	13.7 years
Other	14		3.8 years
	$	190

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 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 September 30,				Nine Months Ended September 30,
(In millions, except per share data)	2021		2020		2021		2020
Revenue	$	4,587	$	4,019	$	14,730	$	12,955
Net income attributable to the Company	$	538	$	322	$	2,345	$	1,655
Basic net income per share attributable to the Company	$	1.06	$	0.63	$	4.62	$	3.27
Diluted net income per share attributable to the Company	$	1.05	$	0.63	$	4.57	$	3.24