v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 411.0 $ 586.0
Receivables 846.9 496.2
Investments 757.9 711.6
Goodwill 2,511.6 2,531.2
Acquired client relationships (net) 1,577.6 1,639.3
Equity method investments in Affiliates (net) 2,936.8 2,870.4
Fixed assets (net) 53.4 54.4
Other assets 308.3 318.3
Total assets 9,403.5 9,207.4
Liabilities and Equity    
Payables and accrued liabilities 1,015.9 806.9
Debt 3,004.0 2,691.3
Deferred tax liability (net) 486.8 533.1
Other liabilities 692.9 754.0
Total liabilities 5,199.6 4,785.3
Commitments and contingencies (Note 7)
Redeemable non-controlling interests 270.2 246.8
Equity:    
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares issued as of December 31, 2025 and June 30, 2026) 0.6 0.6
Additional paid-in capital 530.2 616.1
Accumulated other comprehensive loss (129.0) (106.8)
Retained earnings 7,911.2 7,615.4
Total stockholders' equity before treasury stock 8,313.0 8,125.3
Less: Treasury stock, at cost (31.5 shares and 32.5 shares as of December 31, 2025 and June 30, 2026, respectively) (5,275.0) (4,886.9)
Total stockholders' equity 3,038.0 3,238.4
Non-controlling interests 895.7 936.9
Total equity 3,933.7 4,175.3
Total liabilities and equity $ 9,403.5 $ 9,207.4