v3.26.1
Other Financial Data
 6 Months Ended
Jun. 30, 2026
Other Financial Data [Abstract]  
Other Financial Data Other Financial Data
Condensed Consolidated Statements of Income Information
Other Income (Expense)
Other income (expense) consists of the following (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Gain from sales of businesses (1)
— — 20 — 
Equity earnings (loss)(2)3 (2)1 
Pension and other postretirement(15)(21)(30)(44)
Foreign currency remeasurement3 (38)12 (54)
Financial instruments and other (2)
(3)112 (12)143 
Total
$(17)$56 $(12)$46 
(1)During the six months ended June 30, 2026, an additional $20 million gain was recognized associated with revisions to the final closing statement related to the disposal of the NFP Wealth business completed in the fourth quarter of 2025. The entirety of the gain was recognized in the first quarter of 2026. Refer to Note 7 “Acquisitions and Dispositions of Businesses” for further information surrounding this disposal.
(2)During the three and six months ended June 30, 2025, an $88 million and $108 million gain was recognized, respectively, related to deferred consideration from the affiliates of The Blackstone Group L.P. and the other designated purchasers related to a divestiture completed in a prior-year period.
Condensed Consolidated Statements of Financial Position Information
Allowance for Doubtful Accounts
Changes in the net carrying amount of allowance for doubtful accounts are as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Balance at beginning of period$83 $74 $74 $75 
Provision6 3 13 6 
Accounts written off, net of recoveries(2)(1)(4)(6)
Foreign currency translation and other(5)3 (1)4 
Balance at end of period$82 $79 $82 $79 
Other Current Assets
The components of Other current assets are as follows (in millions):
As ofJune 30,
2026		December 31,
2025
Costs to fulfill contracts with customers (1)
$309 $450 
Prepaid expenses175 136 
Taxes receivable131 102 
Other186 190 
Total$801 $878 
(1)Refer to Note 3 “Revenue from Contracts with Customers” for further information.
Other Non-Current Assets
The components of Other non-current assets are as follows (in millions):
As of June 30,
2026		December 31,
2025
Costs to obtain contracts with customers (1)
$217 $208 
Investments191 192 
Taxes receivable105 82 
Other302 274 
Total$815 $756 
(1)Refer to Note 3 “Revenue from Contracts with Customers” for further information.
Other Current Liabilities
The components of Other current liabilities are as follows (in millions):
As ofJune 30,
2026		December 31,
2025
Deferred revenue (1)
$353 $259 
Leases177 181 
Taxes payable239 309 
Contingent consideration26 28 
Other1,447 1,110 
Total
$2,242 $1,887 
(1)During the three and six months ended June 30, 2026, revenue of $174 million and $387 million, respectively, was recognized in the Condensed Consolidated Statements of Income that was previously deferred. During the three and six months ended June 30, 2025, revenue of $236 million and $466 million, respectively, was recognized in the Condensed Consolidated Statements of Income that was previously deferred.
Other Non-Current Liabilities
The components of Other non-current liabilities are as follows (in millions):
As ofJune 30,
2026		December 31,
2025
Taxes payable $1,066 $1,014 
Contingent consideration146 99 
Compensation and benefits52 60 
Deferred revenue27 30 
Other99 82 
Total
$1,390 $1,285