Acquisitions and Dispositions (Tables)

6 Months Ended

Jun. 30, 2022

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 2022 based on the estimated fair values for the acquisitions as of their respective acquisition dates:

Acquisitions through June 30, 2022
(In millions)
Cash	$	147
Estimated fair value of deferred/contingent consideration	11
Total consideration	$	158
Allocation of purchase price:
Cash and cash equivalents	$	18
Cash and cash equivalents held in a fiduciary capacity	2
Net receivables	2
Goodwill	104
Other intangible assets	57
Fixed assets, net	1
Total assets acquired	184
Current liabilities	22
Fiduciary liabilities	2
Other liabilities	2
Total liabilities assumed	26
Net assets acquired	$	158

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The following table provides information about intangible assets acquired during 2022:

Intangible assets through June 30, 2022 (In millions)	Amount		Weighted Average Amortization Period
Client relationships	$	53	12.5 years
Other	4		4.5 years
Total intangibles	$	57

Pro-Forma Information

The following unaudited pro-forma financial data gives effect to the acquisitions made by the Company during 2022 and 2021. In accordance with accounting guidance related to pro-forma disclosures, the information presented for acquisitions made in 2022 is as if they occurred on January 1, 2021 and reflects acquisitions made in 2021 as if they occurred on January 1, 2020. The unaudited pro-forma information includes the effects of amortization of acquired intangibles in all years. 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 data)	2022		2021		2022		2021
Revenue	$	5,384	$	5,071	$	10,946	$	10,238
Net income attributable to the Company	$	968	$	827	$	2,044	$	1,817
Basic net income per share attributable to the Company	$	1.93	$	1.63	$	4.07	$	3.57
Diluted net income per share attributable to the Company	$	1.91	$	1.61	$	4.03	$	3.54