XML 59 R28.htm IDEA: XBRL DOCUMENT
v3.19.3

Business Combinations (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Business Combinations [Abstract] |
Acquisition Method for Recording Business Combinations | During the nine-month period ended September 30, 2019, we acquired substantially all of the net assets of the following firms in exchange for our common stock and/or cash. These acquisitions have been accounted for using the acquisition method for recording business combinations (in millions, except share data):
Name and Effective Date of Acquisition |  | Common Shares Issued |  |  | Common Share Value |  |  | Cash Paid |  |  | Accrued Liability |  |  | Escrow Deposited |  |  | Recorded Earnout Payable |  |  | Total Recorded Purchase Price |  |  | Maximum Potential Earnout Payable |
|  | (000s) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inversion Holding Company, LLC (IHC) January 1, 2019 |  |  | 452 |  |  | $ | 35.9 |  |  | $ | 31.2 |  |  | $ | — |  |  | $ | 4.5 |  |  | $ | 20.9 |  |  | $ | 92.5 |  |  | $ | 35.0 |
Jones Brown Inc. (JBI) January 1, 2019 |  |  | — |  |  |  | — |  |  |  | 65.9 |  |  |  | — |  |  |  | 8.7 |  |  |  | — |  |  |  | 74.6 |  |  |  | — |
Stackhouse Poland Group Limited (SPG) April 5, 2019 |  |  | — |  |  |  | — |  |  |  | 326.8 |  |  |  | — |  |  |  | 4.8 |  |  |  | — |  |  |  | 331.6 |  |  |  | — |
RPA Insurance Services LLC (RPA) May 1, 2019 |  |  | — |  |  |  | — |  |  |  | 44.0 |  |  |  | — |  |  |  | 3.9 |  |  |  | 16.9 |  |  |  | 64.8 |  |  |  | 22.0 |
JLT Aerospace (JLT) June 1, 2019 |  |  | — |  |  |  | — |  |  |  | 162.8 |  |  |  | — |  |  |  | — |  |  |  | 63.6 |  |  |  | 226.4 |  |  |  | 75.1 |
RGA Group (RGA) September 4, 2019 |  |  | — |  |  |  | — |  |  |  | 42.8 |  |  |  | 6.0 |  |  |  | 4.7 |  |  |  | 8.0 |  |  |  | 61.5 |  |  |  | 9.3 |
32 other acquisitions completed in 2019 |  |  | 156 |  |  |  | 12.1 |  |  |  | 290.9 |  |  |  | 32.3 |  |  |  | 26.0 |  |  |  | 59.9 |  |  |  | 421.2 |  |  |  | 147.3 |
|  |  | 608 |  |  | $ | 48.0 |  |  | $ | 964.4 |  |  | $ | 38.3 |  |  | $ | 52.6 |  |  | $ | 169.3 |  |  | $ | 1,272.6 |  |  | $ | 288.7 |
Summary of Estimated Fair Values of Net Assets Acquired | The following is a summary of the estimated fair values of the net assets acquired at the date of each acquisition made in the nine-month period ended September 30, 2019 (in millions):
|  | IHC |  |  | JBI |  |  | SPG |  |  | RPA |  |  | JLT |  |  | RGA |  |  | 32 Other Acquisitions |  |  | Total |
Cash |  | $ | — |  |  | $ | 2.7 |  |  | $ | 13.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 6.0 |  |  | $ | 3.6 |  |  | $ | 25.9 |
Other current assets |  |  | 3.8 |  |  |  | 22.2 |  |  |  | 35.9 |  |  |  | 10.6 |  |  |  | 6.3 |  |  |  | 5.1 |  |  |  | 60.1 |  |  |  | 144.0 |
Fixed assets |  |  | 0.3 |  |  |  | 1.1 |  |  |  | 3.1 |  |  |  | 0.2 |  |  |  | — |  |  |  | 0.2 |  |  |  | 2.3 |  |  |  | 7.2 |
Noncurrent assets |  |  | 0.5 |  |  |  | 2.9 |  |  |  | 9.9 |  |  |  | 0.7 |  |  |  | 2.9 |  |  |  | 5.7 |  |  |  | 12.8 |  |  |  | 35.4 |
Goodwill |  |  | 41.8 |  |  |  | 49.5 |  |  |  | 302.6 |  |  |  | 34.5 |  |  |  | 106.2 |  |  |  | 36.7 |  |  |  | 184.8 |  |  |  | 756.1 |
Expiration lists |  |  | 50.6 |  |  |  | 25.4 |  |  |  | 56.8 |  |  |  | 32.6 |  |  |  | 118.8 |  |  |  | 19.5 |  |  |  | 223.8 |  |  |  | 527.5 |
Non-compete agreements |  |  | 1.1 |  |  |  | 0.1 |  |  |  | 11.4 |  |  |  | 0.1 |  |  |  | 2.4 |  |  |  | 2.7 |  |  |  | 3.3 |  |  |  | 21.1 |
Trade names |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | — |  |  |  | 2.3 |  |  |  | — |  |  |  | 0.1 |  |  |  | 2.5 |
Total assets acquired |  |  | 98.1 |  |  |  | 104.0 |  |  |  | 433.3 |  |  |  | 78.7 |  |  |  | 238.9 |  |  |  | 75.9 |  |  |  | 490.8 |  |  |  | 1,519.7 |
Current liabilities |  |  | 5.1 |  |  |  | 20.4 |  |  |  | 78.5 |  |  |  | 13.2 |  |  |  | 12.5 |  |  |  | 10.6 |  |  |  | 50.9 |  |  |  | 191.2 |
Noncurrent liabilities |  |  | 0.5 |  |  |  | 9.0 |  |  |  | 23.2 |  |  |  | 0.7 |  |  |  | — |  |  |  | 3.8 |  |  |  | 18.7 |  |  |  | 55.9 |
Total liabilities assumed |  |  | 5.6 |  |  |  | 29.4 |  |  |  | 101.7 |  |  |  | 13.9 |  |  |  | 12.5 |  |  |  | 14.4 |  |  |  | 69.6 |  |  |  | 247.1 |
Total net assets acquired |  | $ | 92.5 |  |  | $ | 74.6 |  |  | $ | 331.6 |  |  | $ | 64.8 |  |  | $ | 226.4 |  |  | $ | 61.5 |  |  | $ | 421.2 |  |  | $ | 1,272.6 |
Summary of Unaudited Pro Forma Historical Results | The following is a summary of the unaudited pro forma historical results, as if these entities had been acquired at January 1, 2018 (in millions, except per share data):
|  | Three-month period ended September 30, |  |  | Nine-month period ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Total revenues |  | $ | 1,835.2 |  |  | $ | 1,851.4 |  |  | $ | 5,577.2 |  |  | $ | 5,497.9 |
Net earnings attributable to controlling interests |  |  | 127.2 |  |  |  | 126.8 |  |  |  | 566.7 |  |  |  | 514.5 |
Basic net earnings per share |  |  | 0.68 |  |  |  | 0.69 |  |  |  | 3.05 |  |  |  | 2.81 |
Diluted net earnings per share |  |  | 0.67 |  |  |  | 0.68 |  |  |  | 2.99 |  |  |  | 2.76 |

X
- Definition Schedule Of Business Acquisition, Acquisition of assets [Text Block] + References No definition available. + Details
Name: | ajg_ScheduleOfBusinessAcquisitionAcquisitionOfAssetsTableTextBlock
Namespace Prefix: | ajg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Business Acquisition, Pro Forma [Text Block] + References No definition available. + Details
Name: | ajg_ScheduleOfBusinessAcquisitionProFormaTableTextBlock
Namespace Prefix: | ajg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration