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Goodwill
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

NOTE 6 Goodwill

Goodwill is subject to at least an annual assessment for impairment by applying a fair value-based test. The Company completed its most recent annual assessment as of November 30, 2021 and identified no impairment as a result of the evaluation.

The changes in the carrying value of goodwill by reportable segment for the nine months ended September 30, 2022 are as follows:

(in millions)

 

Retail

 

 

National
Programs

 

 

Wholesale
Brokerage

 

 

Services

 

 

Total

 

Balance as of December 31, 2021

 

$

2,987.2

 

 

$

1,089.9

 

 

$

488.4

 

 

$

171.3

 

 

$

4,736.8

 

Goodwill of acquired businesses

 

 

1,389.0

 

 

 

427.8

 

 

 

105.4

 

 

 

—

 

 

 

1,922.2

 

Goodwill disposed of relating to sales of businesses

 

 

(2.6

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2.6

)

Foreign currency translation adjustments during the year

 

 

(118.1

)

 

 

(6.9

)

 

 

(9.1

)

 

 

—

 

 

 

(134.1

)

Balance as of September 30, 2022

 

$

4,255.5

 

 

$

1,510.8

 

 

$

584.7

 

 

$

171.3

 

 

$

6,522.3