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Acquisitions Cash Paid for Current and Prior Years' Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the fair values of the assets acquired and liabilities assumed at the closing date:
October 1, 2018
Cash and cash equivalents$13.3 
Accounts receivable112.9 
Accounts receivable, billable to clients
8.3 
Other current assets28.2 
Property and equipment, net159.7 
Deferred income taxes(0.6)
Goodwill1,110.8 
Intangible assets, net995.0 
Other non-current assets8.3 
Accounts payable(37.1)
Accrued liabilities(46.9)
Contract liabilities(23.2)
Other non-current liabilities(0.8)
Net assets acquired$2,327.9 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination The fair values of the identifiable intangible assets acquired at the closing date are as follows:
Fair ValueWeighted Average Amortization Period (Years)
Customer lists$600.0 15.0
Know-how and technology235.0 9.0
Trade names160.0 15.0 to indefinite
Total intangible assets$995.0 
Business Acquisition, Pro Forma Information The pro forma combined results of operations shown below include the business combination accounting effects resulting from the acquisition.
(Unaudited)
 December 31,
2018
Pro forma revenues$10,230.4 
Pro forma net income 642.2 
Cash Paid For Current And Prior Years' Acquisitions [Table Text Block]
Details of cash paid for current and prior years' acquisitions are listed below.
Years ended December 31,
202020192018
Cost of investment: current-year acquisitions 1
$8.5 $0.6 $2,323.4 
Cost of investment: prior-year acquisitions45.9 15.8 33.9 
Less: net cash acquired(2.9)— (13.8)
Total cost of investment
51.5 16.4 2,343.5 
Operating payments 2
2.9 9.3 19.4 
Total cash paid for acquisitions 3
$54.4 $25.7 $2,362.9 
1The cost of investment: current-year acquisitions line significantly increased in the year ended December 31, 2018, primarily as a result of payments related to the acquisition of Acxiom.
2Represents cash payments for amounts that have been recognized in operating expenses since the date of acquisition either relating to adjustments to estimates in excess of the initial value of contingent payments recorded or were contingent upon the future employment of the former owners of the acquired companies. Amounts are reflected in the operating section of the Consolidated Statements of Cash Flows.
3Of the total cash paid for acquisitions, $4.9, $0.6 and $2,309.8 for the years ended December 31, 2020, 2019 and 2018, respectively, are classified under the investing section of the Consolidated Statements of Cash Flows as acquisitions, net of cash acquired. These amounts relate to initial payments for new transactions. Of the total cash paid for acquisitions, $46.6, $15.8 and $33.7 for the years ended December 31, 2020, 2019 and 2018, respectively, are classified under the financing section of the Consolidated Statements of Cash Flows as acquisition-related payments. These amounts relate to deferred payments and increases in our ownership interest for prior acquisitions.
Redeemable Noncontrolling Interest The following table presents changes in our redeemable noncontrolling interests.
Years ended December 31,
202020192018
Balance at beginning of period$164.7 $167.9 $252.1 
Change in related noncontrolling interests balance(5.4)(2.8)(10.7)
Changes in redemption value of redeemable noncontrolling interests:
Additions0.0 24.3 0.0 
Redemptions and other(20.6)(24.9)(33.7)
Redemption value adjustments 1
(45.6)0.2 (39.8)
Balance at end of period$93.1 $164.7 $167.9 
1Redemption value adjustments for the year ended December 31, 2020 were primarily attributable to the expiration of redemption provisions related to redeemable noncontrolling interests.