XML 57 R45.htm IDEA: XBRL DOCUMENT v3.25.0.1

Commitments, Contingencies and Off-Balance Sheet Arrangements (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Contractual Obligations

Our future minimum cash payments, including interest, associated with our contractual obligations pursuant to the Senior Notes, Note purchase agreements, Credit Agreement, Premium Financing Debt Facility, operating leases and purchase commitments at December 31, 2024 were as follows (in millions):

		Payments Due by Period
Contractual Obligations		2025				2026				2027				2028				2029				Thereafter				Total
Senior Notes		$	—			$	—			$	750.0			$	—			$	750.0			$	8,050.0			$	9,550.0
Note purchase agreements			200.0				640.0				478.0				200.0				350.0				1,655.0				3,523.0
Credit Agreement			—				—				—				—				—				—				—
Premium Financing Debt Facility			225.2				—				—				—				—				—				225.2
Interest on debt			566.7				611.5				593.0				539.2				528.5				6,589.4				9,428.3
Total debt obligations			991.9				1,251.5				1,821.0				739.2				1,628.5				16,294.4				22,726.5
Operating lease obligations			113.9				103.6				83.8				62.8				33.9				74.3				472.3
Less sublease arrangements			(2.2	)			(1.7	)			(1.6	)			(1.0	)			(0.8	)			—				(7.3	)
Outstanding purchase obligations			122.7				86.3				58.1				38.6				23.2				50.8				379.7
Total contractual obligations		$	1,226.3			$	1,439.7			$	1,961.3			$	839.6			$	1,684.8			$	16,419.5			$	23,571.2

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, 2024 were as follows (in millions):

																										Total
		Amount of Commitment Expiration by Period																								Amounts
Off-Balance Sheet Commitments		2025				2026				2027				2028				2029				Thereafter				Committed
Letters of credit		$	—			$	—			$	—			$	—			$	—			$	23.0			$	23.0
Financial guarantees			0.7				—				—				—				—				32.0				32.7
Total commitments		$	0.7			$	—			$	—			$	—			$	—			$	55.0			$	55.7

Outstanding Letters of Credit and Funding Commitments

Our commitments associated with outstanding letters of credit, financial guarantees and funding commitments at December 31, 2024 were as follows (all dollar amounts in table are in millions):

Description, Purpose and Trigger		Collateral		Compensation to Us		Maximum Exposure				Liability Recorded
Credit support under letters of credit (LOC) for    deductibles due by us on our own insurance    coverages - expires after 2028		None		None		$	9.2			$	12.0
Trigger - We do not reimburse the insurance    companies for deductibles the insurance companies    advance on our behalf
Credit enhancement under letters of credit for our    captive insurance operations to meet minimum    statutory capital requirements - expires after 2028		None		Reimbursement of LOC fees			13.0				—
Trigger - Dissolution or catastrophic financial    results of the operation
Collateral related to claims funds held in a fiduciary    capacity by a recent acquisition - expires 2028		None		None			0.8				—
Trigger - Claim payments are not made
						$	23.0			$	12.0

(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:	dtr-types: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 obligation recognized as liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 440
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482648/440-10-50-6

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_RecordedUnconditionalPurchaseObligationsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration