v3.25.2
Acquisitions and Dispositions (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [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 2025, based on the estimated fair values for the acquisitions as of their respective acquisition dates.
Acquisitions through June 30, 2025
(In millions)
Cash$86 
Estimated fair value of deferred/contingent purchase consideration47 
Fair value of previously-held equity method investment15 
Total consideration$148 
Allocation of purchase price:
Cash and cash equivalents$7 
Cash and cash equivalents held in a fiduciary capacity17 
Net receivables6 
Other current assets2 
Goodwill100 
Other intangible assets48 
Right of use assets2 
Other assets4 
Total assets acquired186 
Current liabilities8 
Fiduciary liabilities17 
Other liabilities13 
Total liabilities assumed38 
Net assets acquired$148 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
The following table provides information about other intangible assets acquired in 2025:
Other intangible assets through June 30, 2025
(In millions)
AmountWeighted Average Amortization Period
Client relationships$46 11.6 years
Other2 5.0 years
Total other intangible assets$48 
Schedule of Pro-Forma Information The following table provides information about the consolidated statements of income for each respective period:
Three Months Ended
 June 30,		Six Months Ended
 June 30,
(In millions)
2025202420252024
Revenue$8 $48 $11 $62 
Operating income (loss)$2 $3 $3 $(3)
The following unaudited pro-forma financial data gives effect to the acquisitions made by the Company in 2025 and 2024. In accordance with accounting guidance related to pro-forma disclosures, the information presented for acquisitions made in 2025 is as if they occurred on January 1, 2024, and reflects acquisitions made in 2024, as if they occurred on January 1, 2023.
The unaudited pro-forma financial data includes the effects of amortization of acquired intangibles and acquisition related costs in all years. The unaudited pro-forma information presented in the table below also includes additional adjustments for revenue and interest expense related to the issuance of debt.
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)2025202420252024
Revenue$6,976 $6,695 $14,049 $13,628 
Net income attributable to the Company$1,213 $1,145 $2,597 $2,531 
Basic net income per share attributable to the Company$2.46 $2.32 $5.28 $5.14 
Diluted net income per share attributable to the Company$2.45 $2.31 $5.24 $5.10