v3.25.4

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2025 and 2024:

(In millions)						Identical Assets (Level 1)												Observable Inputs (Level 2)												Unobservable Inputs (Level 3)												Total
						12/31/25						12/31/24						12/31/25						12/31/24						12/31/25						12/31/24						12/31/25						12/31/24
Assets:
Financial instruments owned:
Exchange traded equity securities (a)						$	12					$	7					$	—					$	—					$	—					$	—					$	12					$	7
Mutual funds (a)						202						194						—						—						—						—						202						194
Unit investment trust (a)						—						—						—						83						—						—						—						83
Money market funds (b)						633						353						—						—						—						—						633						353
Total assets measured at fair value						$	847					$	554					$	—					$	83					$	—					$	—					$	847					$	637
Fiduciary Assets:
Money market funds						$	322					$	76					$	—					$	—					$	—					$	—					$	322					$	76
Total fiduciary assets measured at fair value						$	322					$	76					$	—					$	—					$	—					$	—					$	322					$	76
Liabilities:
Contingent purchase consideration liabilities (c)						$	—					$	—					$	—					$	—					$	268					$	161					$	268					$	161
Total liabilities measured at fair value						$	—					$	—					$	—					$	—					$	268					$	161					$	268					$	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 years ended December 31, 2025 and December 31, 2024.

(In millions)						2025						2024
Balance at January 1,						$	161					$	252
Net additions						80						64
Payments						(41)						(166)
Revaluation impact						62						15
Other						6						(4)
Balance at December 31,						$	268					$	161

X

- References

No definition available.

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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://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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