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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 539.6 $ 565.5
Receivables 417.1 400.6
Investments in marketable securities 59.4 119.3
Goodwill 2,651.7 2,633.4
Acquired client relationships (net) 1,182.0 1,309.9
Equity method investments in Affiliates (net) 2,195.6 2,791.0
Fixed assets (net) 92.3 104.3
Other investments 211.8 201.1
Other assets 304.0 94.0
Total assets 7,653.5 8,219.1
Liabilities and Equity    
Payable and accrued liabilities 634.6 746.6
Debt 1,793.8 1,829.6
Deferred income tax liability (net) 450.2 511.6
Other liabilities 359.1 162.7
Total liabilities 3,237.7 3,250.5
Commitments and contingencies (Note 7)
Redeemable non-controlling interests [1] 916.7 833.7
Equity:    
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares outstanding in 2018 and 2019) 0.6 0.6
Additional paid-in capital 707.2 835.6
Accumulated other comprehensive loss (108.8) (109.0)
Retained earnings 3,819.8 3,876.8
Total stockholders' equity before treasury stock 4,418.8 4,604.0
Less: Treasury stock, at cost (6.5 shares in 2018 and 10.4 shares in 2019) (1,481.3) (1,146.6)
Total stockholders' equity 2,937.5 3,457.4
Non-controlling interests 561.6 677.5
Total equity 3,499.1 4,134.9
Total liabilities and equity $ 7,653.5 $ 8,219.1
[1] As of December 31, 2018 and 2019, Redeemable non-controlling interests includes consolidated Affiliate sponsored investment products primarily attributable to third-party investors of $91.0 million and $21.6 million, respectively.