XML 78 R48.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Commitments, Contingencies and Off-Balance Sheet Arrangements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract] |
Contractual Obligations | Our future minimum cash payments, including interest, associated with our contractual obligations pursuant to the note purchase agreements, Credit Agreement, Premium Financing Debt Facility, operating leases and purchase commitments at December 31, 2019 were as follows (in millions):
|  | Payments Due by Period |
Contractual Obligations |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | Thereafter |  |  | Total |
Note purchase agreements |  | $ | 100.0 |  |  | $ | 75.0 |  |  | $ | 200.0 |  |  | $ | 300.0 |  |  | $ | 475.0 |  |  | $ | 2,773.0 |  |  | $ | 3,923.0 |
Credit Agreement |  |  | 520.0 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 520.0 |
Premium Financing Debt Facility |  |  | 170.6 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 170.6 |
Interest on debt |  |  | 173.6 |  |  |  | 167.5 |  |  |  | 161.8 |  |  |  | 152.5 |  |  |  | 134.7 |  |  |  | 574.7 |  |  |  | 1,364.8 |
Total debt obligations |  |  | 964.2 |  |  |  | 242.5 |  |  |  | 361.8 |  |  |  | 452.5 |  |  |  | 609.7 |  |  |  | 3,347.7 |  |  |  | 5,978.4 |
Operating lease obligations |  |  | 105.6 |  |  |  | 100.4 |  |  |  | 80.3 |  |  |  | 63.8 |  |  |  | 45.1 |  |  |  | 84.1 |  |  |  | 479.3 |
Less sublease arrangements |  |  | (0.6 | ) |  |  | (0.6 | ) |  |  | (0.3 | ) |  |  | (0.3 | ) |  |  | (0.2 | ) |  |  | (0.7 | ) |  |  | (2.7 | )
Outstanding purchase obligations |  |  | 49.9 |  |  |  | 38.2 |  |  |  | 23.2 |  |  |  | 9.0 |  |  |  | 5.7 |  |  |  | 17.4 |  |  |  | 143.4 |
Total contractual obligations |  | $ | 1,119.1 |  |  | $ | 380.5 |  |  | $ | 465.0 |  |  | $ | 525.0 |  |  | $ | 660.3 |  |  | $ | 3,448.5 |  |  | $ | 6,598.4 |
Off-Balance Sheet Commitments | Off-Balance Sheet Commitments - Our total unrecorded commitments associated with outstanding letters of credit, financial guarantees and funding commitments at December 31, 2019 were as follows (in millions):
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  | Amount of Commitment Expiration by Period |  |  | Amounts |
Off-Balance Sheet Commitments |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | Thereafter |  |  | Committed |
Letters of credit |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 17.1 |  |  | $ | 17.1 |
Financial guarantees |  |  | 0.2 |  |  |  | 0.2 |  |  |  | 0.2 |  |  |  | 0.2 |  |  |  | 0.2 |  |  |  | 0.4 |  |  |  | 1.4 |
Total commitments |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | 17.5 |  |  | $ | 18.5 |
Outstanding Letters of Credit and Funding Commitments | Our commitments associated with outstanding letters of credit, financial guarantees and funding commitments at December 31, 2019 were as follows (all dollar amounts in table are in millions):
|  |  |  |  | Compensation |  |  | Maximum |  |  | Liability |
Description, Purpose and Trigger |  | Collateral |  |  | to Us |  |  | Exposure |  |  | Recorded |
Credit support under letters of credit (LOC) for deductibles due by us on our own insurance coverages - expires after 2023 Trigger - We do not reimburse the insurance companies for deductibles the insurance companies advance on our behalf |  |  | None |  |  |  | None |  |  | $ | 9.4 |  |  | $ | 16.5 |
Credit enhancement under letters of credit for our captive insurance operations to meet minimum statutory capital requirements - expires after 2023 Trigger - Dissolution or catastrophic financial results of the operation |  |  | None |  |  |  | Reimbursement of LOC fees |  |  |  | 6.3 |  |  |  | — |
Collateral related to claims funds held in a fiduciary capacity by a recent acquisition - expires 2020 Trigger - Claim payments are not made |  |  | None |  |  |  | None |  |  |  | 0.9 |  |  |  | — |
Credit support under letters of credit in lieu of a security deposit for an acquisition’s lease - expires 2023 Trigger - Lease payments do not get made |  |  | None |  |  |  | None |  |  |  | 0.5 |  |  |  | — |
Financial guarantees of loans to 6 Canadian-based employees - expires when loan balances are reduced to zero through May 2029 - Principal and interest payments are paid quarterly Trigger - Default on loan payments |  |  | (1) |  |  |  | None |  |  |  | 1.4 |  |  |  | — |
|  |  |  |  |  |  |  |  |  | $ | 18.5 |  |  | $ | 16.5 |
(1) | The guarantees are collateralized by shares in minority holdings of our Canadian operating companies.

X
- Definition Schedule Of Off-Balance Sheet Commitments [Table Text Block] + References No definition available. + Details
Name: | ajg_ScheduleOfOffBalanceSheetCommitmentsTableTextBlock
Namespace Prefix: | ajg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of unconditional purchase obligations that are recognized as a liability on the balance sheet, including the nature and term of the unconditional purchase obligations; the aggregate amount of payments for each of the five years following the date of the latest balance sheet; and the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings associated with suppliers' financing arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77896938&loc=d3e25287-109308 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77896938&loc=d3e25383-109308 + Details
Name: | us-gaap_RecordedUnconditionalPurchaseObligationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration