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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flow from (used in) operating activities:    
Net income $ 410.6 $ 337.4
Adjustments to reconcile Net income to net Cash flow from operating activities:    
Intangible amortization and impairments 55.9 55.5
Depreciation and other amortization 9.0 7.9
Deferred income tax provision 59.7 30.3
Imputed interest expense and contingent payment arrangements (40.4) 24.8
Income from equity method investments, net of amortization (113.2) (100.9)
Distributions received from equity method investments 222.7 254.5
Share-based compensation and Affiliate equity expense 67.1 61.1
Other non-cash items (2.6) 1.8
Changes in assets and liabilities:    
Increase in receivables (54.3) (53.6)
(Increase) decrease in other assets (5.2) (3.5)
Increase (decrease) in payables, accrued liabilities and other liabilities (138.8) 10.6
Cash flow from operating activities 470.5 625.9
Cash flow from (used in) investing activities:    
Investments in Affiliates (32.0) (534.0)
Purchase of fixed assets (11.7) (10.5)
Purchase of investment securities (4.8) (8.3)
Sale of investment securities 18.2 7.3
Cash flow used in investing activities (30.3) (545.5)
Cash flow from (used in) financing activities:    
Borrowings of senior debt 523.3 986.5
Repayments of senior debt and convertible securities (556.0) (815.6)
Issuance of common stock 53.2 24.0
Repurchase of common stock (314.8) 0.0
Note and contingent payments 9.4 10.4
Distributions to non-controlling interests (230.0) (345.5)
Affiliate equity issuances and repurchases (25.1) (33.4)
Excess tax benefit from share-based compensation 42.3 44.6
Settlement of forward equity sale agreement 0.0 (45.0)
Other financing items (3.3) (5.0)
Cash flow used in financing activities (501.0) (179.0)
Effect of foreign exchange rate changes on cash and cash equivalents (1.3) 3.2
Net decrease in cash and cash equivalents (62.1) (95.4)
Cash and cash equivalents at beginning of period 550.6 469.6
Cash and cash equivalents at end of period 488.5 374.2
Supplemental disclosure of non-cash financing activities:    
Settlement of 2006 junior convertible securities 0.0 217.8
Stock issued under incentive plans 10.7 63.3
Stock received in settlement of liability 3.6 44.7
Payables recorded under contingent payment arrangements 30.9 0.0
Payables recorded for Affiliate equity repurchases 54.9 20.9
Payables recorded for share repurchases $ 11.7 $ 0.0