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Acquisitions and Dispositions (Tables)
3 Months Ended
Mar. 31, 2023
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 in 2023, based on the estimated fair values for the acquisitions as of their respective acquisition dates:
Acquisitions through March 31, 2023
(In millions)
Cash$11 
Estimated fair value of deferred/contingent consideration4 
Total consideration$15 
Allocation of purchase price:
Net receivables$2 
Goodwill11 
Other intangible assets4 
Total assets acquired17 
Current liabilities2 
Total liabilities assumed2 
Net assets acquired$15 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
The following table provides information about other intangible assets acquired in 2023:
Other intangible assets through March 31, 2023
(In millions)
AmountWeighted Average Amortization Period
Client relationships$5.0 years
Schedule of Pro-Forma Information
The following unaudited pro-forma financial data gives effect to the acquisitions made by the Company in 2023 and 2022. In accordance with accounting guidance related to pro-forma disclosures, the information presented for acquisitions made in 2023 is as if they occurred on January 1, 2022, and reflects acquisitions made in 2022, as if they occurred on January 1, 2021. 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 March 31,
(In millions, except per share data)20232022
Revenue$5,926 $5,611 
Net income attributable to the Company$1,235 $1,083 
Basic net income per share attributable to the Company$2.50 $2.15 
Diluted net income per share attributable to the Company$2.47 $2.13