XML 37 R28.htm IDEA: XBRL DOCUMENT
v3.24.2

Business Combinations (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Business Combinations [Abstract] |
Estimated Fair Values of Aggregate Assets and Liabilities Acquired | The following table summarizes the estimated fair values of the aggregate assets and liabilities acquired through the six months ended June 30, 2024 as of the date of each acquisition and adjustments made during the measurement period of the prior year acquisitions.
(in millions) |  | Other (1) |
Cash paid |  | $ | 121 |
Other payable |  |  | 7 |
Recorded earn-out payable |  |  | 19 |
Total consideration |  |  | 147 |
Maximum potential earn-out payable |  |  | 38 |
Allocation of purchase price: |  |  |
Cash and equivalents |  |  | 2 |
Fiduciary cash |  |  | 21 |
Other current assets |  |  | 7 |
Goodwill |  |  | 108 |
Purchased customer accounts and other |  |  | 37 |
Total assets acquired |  |  | 175 |
Fiduciary liabilities |  |  | (21 | )
Other current liabilities |  |  | (1 | )
Total liabilities assumed |  |  | (22 | )
Acquired non-controlling interest |  |  | (6 | )
Net assets acquired |  | $ | 147 |
(1) The other column represents a summarization of current year acquisitions with total consideration of less than $50 million per acquisition and adjustments from prior year acquisitions that were made within the permitted measurement period.
Additions, Payments, and Net Changes, as well as Interest Expense Accretion on Estimated Acquisition Earn-Out Payables | The resulting additions, payments, and net changes, as well as the interest expense accretion on the estimated acquisition earn-out payables were as follows:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
(in millions) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Balance as of the beginning of the period |  | $ | 203 |  |  | $ | 254 |  |  | $ | 249 |  |  | $ | 252 |
Additions to estimated acquisition earn-out payables |  |  | 10 |  |  |  | 21 |  |  |  | 19 |  |  |  | 40 |
Payments for estimated acquisition earn-out payables |  |  | (45 | ) |  |  | (47 | ) |  |  | (96 | ) |  |  | (64 | )
Subtotal |  |  | 168 |  |  |  | 228 |  |  |  | 172 |  |  |  | 228 |
Net change in earnings from estimated acquisition earn-out payables: |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value on estimated acquisition earn-out payables |  |  | (2 | ) |  |  | — |  |  |  | (7 | ) |  |  | (4 | )
Interest expense accretion |  |  | 3 |  |  |  | 2 |  |  |  | 5 |  |  |  | 4 |
Net change in earnings from estimated acquisition earn-out payables |  |  | 1 |  |  |  | 2 |  |  |  | (2 | ) |  |  | — |
Foreign currency translation adjustments during the year |  |  | — |  |  |  | 2 |  |  |  | (1 | ) |  |  | 4 |
Balance as of June 30, |  | $ | 169 |  |  | $ | 232 |  |  | $ | 169 |  |  | $ | 232 |

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionContingentConsiderationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration