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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2018
Fair Value Disclosures [Abstract] |
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 as of December 31, 2018 and 2017:
(In millions of dollars) | Identical Assets (Level 1) |  | Observable Inputs (Level 2) |  | Unobservable Inputs (Level 3) |  | Total
| 12/31/18 |  |  | 12/31/17 |  |  | 12/31/18 |  |  | 12/31/17 |  |  | 12/31/18 |  |  | 12/31/17 |  |  | 12/31/18 |  |  | 12/31/17 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial instruments owned: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exchange traded equity securities (a) | $ | 133 |  |  | $ | 81 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 133 |  |  | $ | 81 |
Mutual funds(a) | 151 |  |  | 158 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 151 |  |  | 158 |
Money market funds(b) | 118 |  |  | 143 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 118 |  |  | 143 |
Other equity investment(a) | — |  |  | — |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | 8 |  |  | — |
Total assets measured at fair value | $ | 402 |  |  | $ | 382 |  |  | $ | 8 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 410 |  |  | $ | 382 |
Fiduciary Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | $ | 80 |  |  | $ | 111 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 80 |  |  | $ | 111 |
U.S. Treasury Bills | 20 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 20 |  |  | — |
Total fiduciary assets measured at fair value | $ | 100 |  |  | $ | 111 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 100 |  |  | $ | 111 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent purchase consideration liability(c) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 183 |  |  | $ | 189 |  |  | $ | 183 |  |  | $ | 189 |
Acquisition related derivative contracts | — |  |  | — |  |  | 116 |  |  | — |  |  | 325 |  |  | — |  |  | 441 |  |  | — |
Total liabilities measured at fair value | $ | — |  |  | $ | — |  |  | $ | 116 |  |  | $ | — |  |  | $ | 508 |  |  | $ | 189 |  |  | $ | 624 |  |  | $ | 189 |
(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.
Changes in fair value of level 3 liabilities representing acquisition related contingent consideration | The table below sets forth a summary of the changes in fair value of the Company’s Level 3 liabilities for the years ended December 31, 2018 and December 31, 2017.
(In millions) | 2018 |  |  | 2017 |
Balance at January 1, | $ | 189 |  |  | $ | 241 |
Additions | 54 |  |  | 51 |
Payments | (91 | ) |  | (108 | )
Revaluation Impact | 32 |  |  | 3 |
Change in fair value of acquisition related derivative contracts | 325 |  |  | — |
Other (a) | (1 | ) |  | 2 |
Balance at December 31, | $ | 508 |  |  | $ | 189 |
Equity method investments summarized financial information | Below is a summary of the financial information for the Company's equity method investees:
For the Twelve Months Ended September 30, |  |  |  |  |  |
(In millions of dollars) |  | 2018 |  |  | 2017 |  |  | 2016 |
Revenue |  | $ | 733 |  |  | $ | 628 |  |  | $ | 843 |
Net investment income (a) |  | $ | 1,699 |  |  | $ | 1,834 |  |  | $ | 1,824 |
Net income |  | $ | 554 |  |  | $ | 476 |  |  | $ | 91 |
As of September 30, |  |  |  |
(In millions of dollars) |  | 2018 |  |  | 2017 |
Total assets |  | $ | 24,644 |  |  | $ | 24,739 |
Total liabilities |  | $ | 22,257 |  |  | $ | 22,817 |
Non-controlling interests |  | $ | 22 |  |  | $ | 19 |
(a) Net investment income in 2018, 2017 and 2016 includes approximately $1.2 billion, $1.5 billion and $1.9 billion, respectively, related to Alexander Forbes, substantially all of which is credited to policy holders.

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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