Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of 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 September 30, 2023 and December 31, 2022:

	Identical Assets (Level 1)				Observable Inputs (Level 2)				Unobservable Inputs (Level 3)				Total
(In millions)	09/30/23		12/31/22		09/30/23		12/31/22		09/30/23		12/31/22		09/30/23		12/31/22
Assets:
Financial instruments owned:
Exchange traded equity securities (a)	$	5	$	6	$	—	$	—	$	—	$	—	$	5	$	6
Mutual funds (a)	163		162		—		—		—		—		163		162
Money market funds (b)	585		146		—		—		—		—		585		146
Other equity investment (a)	—		—		—		13		—		—		—		13
Contingent purchase consideration assets (c)	—		—		—		—		1		3		1		3
Total assets measured at fair value	$	753	$	314	$	—	$	13	$	1	$	3	$	754	$	330
Fiduciary Assets:
Money market funds	$	77	$	201	$	—	$	—	$	—	$	—	$	77	$	201
Total fiduciary assets measured at fair value	$	77	$	201	$	—	$	—	$	—	$	—	$	77	$	201
Liabilities:
Contingent purchase consideration liabilities (d)	$	—	$	—	$	—	$	—	$	231	$	377	$	231	$	377
Total liabilities measured at fair value	$	—	$	—	$	—	$	—	$	231	$	377	$	231	$	377

(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.

Schedule of 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 nine months ended September 30, 2023 and 2022:

	Three Months Ended  September 30,				Nine Months Ended  September 30,
(In millions)	2023		2022		2023		2022
Balance at beginning of period	$	223	$	345	$	377	$	352
Net additions	5		4		9		4
Payments	(1)		(32)		(176)		(66)
Revaluation impact	4		11		21		38
Balance at September 30,	$	231	$	328	$	231	$	328