XML 41 R33.htm IDEA: XBRL DOCUMENT
v3.24.3

Supplemental Disclosures of Cash Flow Information and Non-Cash Financing and Investing Activities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Supplemental Cash Flow Elements [Abstract] |
Summary of Cash Paid for Interest and Income Taxes | Cash paid during the period for interest and income taxes are summarized as follows:
|  | Nine months ended September 30, |
(in millions) |  | 2024 |  |  | 2023 |
Cash paid during the period for: |  |  |  |  |  |
Interest |  | $ | 162 |  |  | $ | 167 |
Income taxes, net of refunds |  | $ | 289 |  |  | $ | 183 |
Summary of Significant Non-Cash Investing and Financing Activities | Significant non-cash investing and financing activities are summarized as follows:
|  | Nine months ended September 30, |
(in millions) |  | 2024 |  |  | 2023 |
Other payables issued for agency acquisitions and purchased customer accounts |  | $ | 14 |  |  | $ | 5 |
Estimated acquisition earn-out payables issued for agency acquisitions |  | $ | 28 |  |  | $ | 51 |
Schedule of Reconciliation of Cash and Cash Equivalents Inclusive of Restricted Cash | The Company's restricted cash balance is composed of funds held in separate premium trust accounts as required by state law or, in some cases, by agreement with carrier partners. The following is a reconciliation of cash and cash equivalents inclusive of restricted cash as of September 30, 2024 and 2023.
(in millions) |  | September 30, 2024 |  |  | December 31, 2023 |
Table to reconcile restricted and non-restricted fiduciary cash |  |  |  |  |  |
Restricted fiduciary cash |  | $ | 1,457 |  |  | $ | 1,412 |
Non-restricted fiduciary cash |  |  | 287 |  |  |  | 191 |
Total restricted and non-restricted fiduciary cash at the end of the period |  | $ | 1,744 |  |  | $ | 1,603 |
The Company's fiduciary cash increased as of September 30, 2024 compared to December 31, 2023 due to growth in the business, normal seasonality and acquisition activity during 2024.
|  | Balance as of September 30, |
(in millions) |  | 2024 |  |  | 2023 |
Table to reconcile cash and cash equivalents inclusive of fiduciary cash |  |  |  |  |  |
Cash and cash equivalents |  | $ | 957 |  |  | $ | 756 |
Fiduciary cash |  |  | 1,744 |  |  |  | 1,515 |
Total cash and cash equivalents inclusive of restricted cash at the end of the period |  | $ | 2,701 |  |  | $ | 2,271 |

X
- Definition Summary of cash paid for interest and income taxes. + References No definition available. + Details
Name: | bro_SummaryOfCashPaidForInterestAndIncomeTaxesTableTextBlock
Namespace Prefix: | bro_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of noncash investing and financing activities, classified as other. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-5 + Details
Name: | us-gaap_ScheduleOfOtherSignificantNoncashTransactionsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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