Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022 and December 31, 2021:

	Identical Assets (Level 1)				Observable Inputs (Level 2)				Unobservable Inputs (Level 3)				Total
(In millions)	06/30/22		12/31/21		06/30/22		12/31/21		06/30/22		12/31/21		06/30/22		12/31/21
Assets:
Financial instruments owned:
Exchange traded equity securities (a)	$	64	$	61	$	—	$	—	$	—	$	—	$	64	$	61
Mutual funds (a)	157		192		—		—		—		—		157		192
Money market funds (b)	84		425		—		—		—		—		84		425
Other equity investment (a)	—		—		—		8		—		—		—		8
Contingent purchase consideration assets (c)	—		—		—		—		2		5		2		5
Total assets measured at fair value	$	305	$	678	$	—	$	8	$	2	$	5	$	307	$	691
Fiduciary Assets:
U.S. treasury bills (e)	$	—	$	55	$	—	$	—	$	—	$	—	$	—	$	55
Money market funds	171		527		—		—		—		—		171		527
Total fiduciary assets measured at fair value	$	171	$	582	$	—	$	—	$	—	$	—	$	171	$	582
Liabilities:
Contingent purchase consideration liability (d)	$	—	$	—	$	—	$	—	$	345	$	352	$	345	$	352
Total liabilities measured at fair value	$	—	$	—	$	—	$	—	$	345	$	352	$	345	$	352

(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 in the consolidated balance sheets.

(d) Included in accounts payable and accrued liabilities and other liabilities in the consolidated balance sheets.

(e) Maturity dates of three months or less.

Changes in Fair Value of Level 3 Liabilities Representing Acquisition Related Contingent Consideration

The following table sets forth a summary of the changes in fair value of the Company’s Level 3 liabilities for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2022		2021		2022		2021
Balance at beginning of period	$	358	$	233	$	352	$	243
Net additions	—		97		—		97
Payments	(30)		(6)		(34)		(17)
Revaluation impact	17		16		27		17
Balance at June 30,	$	345	$	340	$	345	$	340