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Fixed Assets
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Fixed Assets

5. Fixed Assets

Major classes of fixed assets consist of the following (in millions):

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Office equipment

 

$

34.2

 

 

$

32.9

 

Furniture and fixtures

 

 

151.8

 

 

 

154.1

 

Leasehold improvements

 

 

259.9

 

 

 

232.6

 

Computer equipment

 

 

362.6

 

 

 

353.5

 

Land and buildings - corporate headquarters

 

 

171.6

 

 

 

168.9

 

Software

 

 

720.7

 

 

 

722.9

 

Other

 

 

41.3

 

 

 

31.3

 

Work in process

 

 

64.2

 

 

 

54.1

 

 

 

1,806.3

 

 

 

1,750.3

 

Accumulated depreciation

 

 

(1,156.0

)

 

 

(1,023.9

)

Net fixed assets

 

$

650.3

 

 

$

726.4

 

 

The amounts in work in process in the table above primarily are for capitalized expenditures incurred related to IT development projects in 2024 and 2023.