Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 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 and the acquisition of Graham Company.

Acquisitions through September 30, 2023
(In millions)
Cash	$	682
Estimated fair value of deferred/contingent consideration	29
Total consideration	$	711
Allocation of purchase price:
Cash and cash equivalents	$	27
Cash and cash equivalents held in a fiduciary capacity	14
Net receivables	28
Other current assets	4
Goodwill	480
Other intangible assets	255
Fixed assets, net	2
Right of use assets	12
Other assets	1
Total assets acquired	823
Current liabilities	52
Fiduciary liabilities	14
Other liabilities	46
Total liabilities assumed	112
Net assets acquired	$	711

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 September 30, 2023 (In millions)	Amount		Weighted Average Amortization Period
Client relationships	$	246	13.0 years
Other	9		5.0 years
Total other intangible assets	$	255

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  September 30,				Nine Months Ended  September 30,
(In millions, except per share data)	2023		2022		2023		2022
Revenue	$	5,389	$	4,880	$	17,290	$	16,067
Net income attributable to the Company	$	737	$	555	$	3,035	$	2,568
Basic net income per share attributable to the Company	$	1.49	$	1.11	$	6.14	$	5.13
Diluted net income per share attributable to the Company	$	1.48	$	1.10	$	6.08	$	5.07