XML 26 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 565.5 $ 439.5
Receivables 400.6 433.8
Investments in marketable securities 119.3 77.8
Goodwill 2,633.4 2,662.5
Acquired client relationships (net) 1,309.9 1,449.7
Equity method investments in Affiliates (net) 2,791.0 3,304.7
Fixed assets (net) 104.3 111.0
Other investments 201.1 165.0
Other assets 94.0 58.1
Total assets 8,219.1 8,702.1
Liabilities and Equity    
Payable and accrued liabilities 746.6 807.2
Senior bank debt 779.7 809.0
Senior notes 742.5 741.3
Convertible securities 307.4 304.4
Deferred income tax liability (net) 511.6 467.4
Other liabilities 162.7 182.4
Total liabilities 3,250.5 3,311.7
Commitments and contingencies (Note 10)
Redeemable non-controlling interests [1] 833.7 811.9
Equity:    
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares outstanding in 2017 and 2018) 0.6 0.6
Additional paid-in capital 835.6 808.6
Accumulated other comprehensive loss (109.0) (21.8)
Retained earnings 3,876.8 3,698.5
Total stockholders' equity before treasury stock 4,604.0 4,485.9
Less: Treasury stock, at cost (3.4 shares in 2017 and 6.5 shares in 2018) (1,146.6) (663.7)
Total stockholders' equity 3,457.4 3,822.2
Non-controlling interests 677.5 756.3
Total equity 4,134.9 4,578.5
Total liabilities and equity $ 8,219.1 $ 8,702.1
[1] As of December 31, 2017 and 2018, Redeemable non-controlling interests include Affiliate sponsored consolidated products primarily attributable to third-party investors of $39.4 million and $91.0 million, respectively.