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Acquisitions and Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [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 2023, based on the estimated fair values for the acquisitions as of their respective acquisition dates. Amounts in the table primarily reflect the impact of Honan Insurance Group, Graham Company and the Westpac Transaction.
Acquisitions for the Year Ended December 31, 2023 |  |
(In millions) |  |
Cash |  | $ | 1,140 |
Estimated fair value of deferred/contingent consideration |  | 41 |
Total consideration |  | $ | 1,181 |
Allocation of purchase price: |  |
Cash and cash equivalents |  | $ | 48 |
Cash and cash equivalents held in a fiduciary capacity |  | 93 |
Net receivables |  | 46 |
Other current assets |  | 9 |
Goodwill |  | 813 |
Other intangible assets |  | 427 |
Fixed assets, net |  | 3 |
Right of use assets |  | 17 |
Total assets acquired |  | 1,456 |
Current liabilities |  | 68 |
Fiduciary liabilities |  | 93 |
Other liabilities |  | 114 |
Total liabilities assumed |  | 275 |
Net assets acquired |  | $ | 1,181 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | The following table provides information about other intangible assets acquired in 2023:
Other intangible assets through December 31, 2023 (In millions) |  | Amount |  | Weighted Average Amortization Period
Customer relationships |  | $ | 407 |  |  | 12.8 years
Other |  | 20 |  |  | 4.0 years
Total other intangible assets |  | $ | 427 |  |  |
Schedule of Pro-Forma Information |
For the Years Ended December 31, |  |
(In millions, except per share data) |  | 2023 |  | 2022 |  | 2021
Revenue |  | $ | 22,904 |  |  | $ | 21,238 |  |  | $ | 20,220 |
Net income attributable to the Company |  | $ | 3,807 |  |  | $ | 3,058 |  |  | $ | 3,177 |
Basic net income per share attributable to the Company |  | $ | 7.71 |  |  | $ | 6.12 |  |  | $ | 6.27 |
Diluted net income per share attributable to the Company |  | $ | 7.63 |  |  | $ | 6.06 |  |  | $ | 6.20 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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