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Supplemental Disclosures of Cash Flow Information and Non-Cash Financing and Investing Activities (Tables) | 12 Months Ended
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Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract] |
Summary of Cash Paid for Interest and Income Taxes | The Company’s cash paid during the period for interest and income taxes are summarized as follows:
|  | Year Ended December 31, |
(in millions) |  | 2023 |  |  | 2022 |  |  | 2021 |
Cash paid during the period for: |  |  |  |  |  |  |  |  |
Interest |  | $ | 185.8 |  |  | $ | 120.1 |  |  | $ | 61.5 |
Income taxes, net of refunds |  | $ | 218.1 |  |  | $ | 122.3 |  |  | $ | 146.9 |
Summary of Significant Non-Cash Investing and Financing Activities | The Company’s significant non-cash investing and financing activities are summarized as follows:
|  | Year Ended December 31, |
(in millions) |  | 2023 |  |  | 2022 |  |  | 2021 |
Other payables issued for agency acquisitions and purchased customer accounts |  | $ | 12.2 |  |  | $ | 5.6 |  |  | $ | 15.1 |
Estimated acquisition earn-out payables and related charges |  | $ | 67.2 |  |  | $ | 73.3 |  |  | $ | 75.7 |
Assumed acquisition earn-out payables |  | $ | 21.1 |  |  | $ | 34.8 |  |  | $ | — |
Contingent payable issued for agency acquisition |  | $ | — |  |  | $ | — |  |  | $ | 24.1 |
Common stock issued for agency acquisition |  | $ | 18.3 |  |  | $ | 14.7 |  |  | $ | 9.9 |
Notes payable assumed for agency acquisition |  | $ | — |  |  | $ | 1.8 |  |  | $ | 1.4 |
Notes received on the sale of businesses, fixed assets and customer accounts |  | $ | 0.1 |  |  | $ | — |  |  | $ | — |
Schedule of Reconciliation of Fiduciary Cash | The following is a reconciliation of fiduciary cash as of December 31, 2023, 2022 and 2021.
|  | Balance as of December 31, |
(in millions) |  | 2023 |  |  | 2022 |  |  | 2021 |
Table to reconcile restricted and non-restricted fiduciary cash |  |  |  |  |  |  |  |  |
Restricted fiduciary cash |  | $ | 1,411.8 |  |  | $ | 1,231.9 |  |  | $ | 583.2 |
Non-restricted fiduciary cash |  | $ | 190.8 |  |  | $ | 151.3 |  |  | $ | 193.8 |
Total restricted and non-restricted fiduciary cash at the end of the period |  | $ | 1,602.6 |  |  | $ | 1,383.2 |  |  | $ | 777.0 |
The Company's fiduciary cash increased as of December 31, 2022 compared to December 31, 2021 primarily due to businesses acquired during 2022.
|  | Balance as of December 31, |
(in millions) |  | 2023 |  |  | 2022 |  |  | 2021 |
Table to reconcile cash and cash equivalents inclusive of fiduciary cash |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 700.3 |  |  | $ | 650.0 |  |  | $ | 693.2 |
Fiduciary cash |  | $ | 1,602.6 |  |  | $ | 1,383.2 |  |  | $ | 777.0 |
Total cash and cash equivalents inclusive of fiduciary cash at the end of the period |  | $ | 2,302.9 |  |  | $ | 2,033.2 |  |  | $ | 1,470.2 |

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