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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 950.0 $ 813.6
Receivables 409.7 368.4
Investments 595.6 941.9
Goodwill 2,504.9 2,523.6
Acquired client relationships (net) 1,777.8 1,812.4
Equity method investments in Affiliates (net) 2,246.6 2,288.5
Fixed assets (net) 57.6 67.3
Other assets 288.7 243.9
Total assets 8,830.9 9,059.6
Liabilities and Equity    
Payable and accrued liabilities 639.1 628.5
Debt 2,620.2 2,537.5
Deferred tax liability (net) 520.5 463.8
Other liabilities 402.4 466.3
Total liabilities 4,182.2 4,096.1
Commitments and contingencies (Note 6)
Redeemable non-controlling interests 350.5 393.4
Equity:    
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares issued as of December 31, 2023 and 2024) 0.6 0.6
Additional paid-in capital 733.1 741.4
Accumulated other comprehensive loss (163.6) (167.6)
Retained earnings 6,899.8 6,389.6
Total stockholders' equity before treasury stock 7,469.9 6,964.0
Less: Treasury stock, at cost (25.3 shares in 2023 and 28.9 shares in 2024) (4,124.6) (3,376.1)
Total stockholders' equity 3,345.3 3,587.9
Non-controlling interests 952.9 982.2
Total equity 4,298.2 4,570.1
Total liabilities and equity $ 8,830.9 $ 9,059.6