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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 191 $ 148
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 177 158
Amortization of other assets 48 47
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets (33) (29)
Increase in net deferred income taxes assets and liabilities (3) (51)
Net compensation expense for equity awards 21 30
Equity (income) loss from unconsolidated subsidiaries (16) 58
Other non-cash adjustments to net income 8 (14)
Proceeds from sale of mortgage loans 1,976 2,054
Origination of mortgage loans (2,599) (2,216)
Increase in warehouse lines of credit 626 173
Decrease in receivables, prepaid expenses and other assets (including contract and lease assets) 207 197
Decrease in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities) (241) (211)
Decrease in compensation and employee benefits payable and accrued bonus and profit sharing (859) (824)
Decrease in net income taxes receivable/payable (76) (43)
Other operating activities, net 27 31
Net cash used in operating activities (546) (492)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (64) (68)
Acquisition of businesses, including net assets acquired and goodwill, net of cash acquired (303) (783)
Contributions to unconsolidated subsidiaries (51) (28)
Acquisition and development of real estate assets (66) (59)
Other investing activities, net 22 38
Net cash used in investing activities (462) (900)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 0 1,070
Repayment of revolving credit facility (132) (250)
Proceeds from commercial paper 1,421 0
Proceeds from senior term loans 585 0
Repayment of senior term loans (33) 0
Repurchase of common stock (418) 0
Other financing activities, net (167) (123)
Net cash provided by financing activities 1,256 1,192
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash 44 (44)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 292 (244)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 1,221 1,371
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD 1,513 1,127
Cash paid during the period for:    
Interest 102 100
Income tax payments, net 131 90
Non-cash investing and financing activities:    
Deferred and/or contingent consideration 27 11
5.500% senior notes | Senior Notes    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of senior notes $ 0 $ 495