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Equity Method Investments in Affiliates (Tables)

3 Months Ended

Mar. 31, 2024

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, 2023		March 31, 2024
Goodwill		$1,323.3		$1,369.3
Definite-lived acquired client relationships (net)		652.5		617.7
Indefinite-lived acquired client relationships (net)		122.6		122.6
Undistributed earnings and tangible capital		190.1		104.5
Equity method investments in Affiliates (net)		$2,288.5		$2,214.1

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

		Equity Method Investments in Affiliates
Balance, as of December 31, 2023		$2,288.5
Earnings		138.3
Intangible amortization and impairments		(20.8)
Distributions of earnings		(211.5)
Foreign currency translation		19.6
Balance, as of March 31, 2024		$2,214.1

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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://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

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