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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 1,036.0 $ 1,027.0 $ 1,424.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 674.0 622.0 613.0
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets (162.0) (102.0) (203.0)
Gain on disposition of real estate assets (142.0) (27.0) 0.0
Asset impairments 0.0 0.0 59.0
Net compensation expense for equity awards 146.0 96.0 160.0
Equity loss (income) from unconsolidated subsidiaries 19.0 (248.0) (229.0)
Other non-cash adjustments to net income 8.0 (18.0) 55.0
Distribution of earnings from unconsolidated subsidiaries 132.0 256.0 389.0
Proceeds from sale of mortgage loans 12,817.0 9,714.0 14,527.0
Origination of mortgage loans (12,668.0) (9,905.0) (13,652.0)
(Decrease) increase in warehouse lines of credit (114.0) 218.0 (830.0)
Purchase of equity securities (51.0) (15.0) (28.0)
Proceeds from sale of equity securities 76.0 14.0 30.0
(Increase) decrease in real estate under development (6.0) 81.0 95.0
Increase in receivables, prepaid expenses and other assets (including contract and lease assets) (572.0) (860.0) (503.0)
Increase in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities) 538.0 22.0 64.0
Increase (decrease) in compensation and employee benefits payable and accrued bonus and profit sharing 206.0 (173.0) (2.0)
Increase in net income taxes receivable/payable (8.0) (97.0) (133.0)
Other operating activities, net (221.0) (125.0) (207.0)
Net cash provided by operating activities 1,708.0 480.0 1,629.0
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (307.0) (305.0) (260.0)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired (1,067.0) (203.0) (173.0)
Contributions to unconsolidated subsidiaries (136.0) (127.0) (385.0)
Distributions from unconsolidated subsidiaries 91.0 54.0 87.0
Acquisition and development of real estate assets (389.0) (171.0) 0.0
Proceeds from disposition of real estate assets 235.0 77.0 0.0
Other investing activities, net 59.0 (6.0) (101.0)
Net cash used in investing activities (1,514.0) (681.0) (832.0)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from revolving credit facility 4,173.0 4,006.0 1,833.0
Repayment of revolving credit facility (4,041.0) (4,184.0) (1,655.0)
Proceeds from Issuance of Commercial Paper 175.0 0.0 0.0
Proceeds from senior term loans 0.0 748.0 0.0
Repayment of senior term loans (9.0) (437.0) 0.0
Repurchase of common stock (627.0) (665.0) (1,850.0)
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) (281.0) (145.0) (34.0)
Units repurchased for payment of taxes on equity awards (105.0) (72.0) (38.0)
Other financing activities, net (1.0) (72.0) (22.0)
Net cash (used in) provided by financing activities (221.0) 154.0 (1,766.0)
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash (123.0) 13.0 (166.0)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (150.0) (34.0) (1,135.0)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF YEAR 1,371.0 1,405.0 2,540.0
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF YEAR 1,221.0 1,371.0 1,405.0
Cash paid during the year for:      
Interest 396.0 191.0 89.0
Income tax payments, net (1) [1] 467.0 467.0 604.0
Non-cash investing and financing activities:      
Deferred and/or contingent consideration 19.0 54.0 0.0
Income tax credits and adjustments 37.0    
2.500% senior notes | Senior Notes      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of senior notes $ 495.0 $ 975.0 $ 0.0
[1] Income tax payments in 2024 includes $37 million for the purchase of third-party transferable tax credits.