v3.25.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2025
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 at June 30, 2025 and December 31, 2024:
Identical Assets
(Level 1)		Observable Inputs
(Level 2)		Unobservable Inputs
(Level 3)		Total
(In millions)06/30/2512/31/2406/30/2512/31/2406/30/2512/31/2406/30/2512/31/24
Assets:
Financial instruments owned:
Exchange traded equity securities (a)$11 $7 $— $— $— $— $11 $7 
Mutual funds (a)196 194 — — — — 196 194 
Unit investment trust (a)— — — 83 — — — 83 
Money market funds (b)162 353 — — — — 162 353 
Total assets measured at fair value$369 $554 $— $83 $— $— $369 $637 
Fiduciary Assets:
Money market funds$243 $76 $— $— $— $— $243 $76 
Total fiduciary assets measured
at fair value		$243 $76 $— $— $— $— $243 $76 
Liabilities:
Contingent purchase consideration liabilities (c)
$— $— $— $— $207 $161 $207 $161 
Total liabilities measured at fair value$— $— $— $— $207 $161 $207 $161 
(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 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 six months ended June 30, 2025 and 2024:
Three Months Ended
 June 30,		Six Months Ended
 June 30,
(In millions)2025202420252024
Balance at beginning of period,$160 $242 $161 $252 
Net additions32 4 37 17 
Payments(7)(135)(26)(161)
Revaluation impact21 9 30 15 
Other1 1 5 (2)
Balance at end of period$207 $121 $207 $121