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Equity Method Investments in Affiliates (Tables)

3 Months Ended

Mar. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Changes in Equity Method Investments in Affiliates

Equity method investments in Affiliates (net) consisted of the following:

						December 31, 2022						March 31, 2023
Goodwill						$	1,262.4					$	1,278.4
Definite-lived acquired client relationships (net)						479.4						462.0
Indefinite-lived acquired client relationships (net)						119.0						121.1
Undistributed earnings and tangible capital						278.7						58.7
Equity method investments in Affiliates (net)						$	2,139.5					$	1,920.2

The following table presents the change in Equity method investments in Affiliates (net):

						Equity Method Investments in Affiliates
Balance, as of December 31, 2022						$	2,139.5
Earnings						79.5
Intangible amortization and impairments						(20.9)
Distributions of earnings						(306.9)
Foreign currency translation						25.0
Other						4.0
Balance, as of March 31, 2023						$	1,920.2

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- References

No definition available.

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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