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Acquisitions and Dispositions (Tables)
6 Months Ended
Jun. 30, 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. Amounts in the table primarily reflect the impact of the Westpac Transaction.
Acquisitions through June 30, 2023
(In millions)
Cash$332 
Estimated fair value of deferred/contingent consideration8 
Total consideration$340 
Allocation of purchase price:
Cash and cash equivalents$15 
Cash and cash equivalents held in a fiduciary capacity1 
Net receivables15 
Goodwill236 
Other intangible assets137 
Total assets acquired404 
Current liabilities29 
Fiduciary liabilities1 
Other liabilities34 
Total liabilities assumed64 
Net assets acquired$340 
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 June 30, 2023
(In millions)
AmountWeighted Average Amortization Period
Client relationships$137 10.2 years
Total other intangible assets$137 
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
 June 30,
Six Months Ended
 June 30,
(In millions, except per share data)2023202220232022
Revenue$5,878 $5,478 $11,855 $11,145 
Net income attributable to the Company$1,043 $970 $2,294 $2,032 
Basic net income per share attributable to the Company$2.11 $1.94 $4.64 $4.05 
Diluted net income per share attributable to the Company$2.09 $1.92 $4.59 $4.00