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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 816.5 $ 950.0
Receivables 581.7 409.7
Investments 592.8 595.6
Goodwill 2,512.5 2,504.9
Acquired client relationships (net) 1,703.9 1,777.8
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 2,159.5 2,246.6
Fixed assets (net) 56.9 57.6
Other assets 290.3 288.7
Total assets 8,714.1 8,830.9
Liabilities and Equity    
Payables and accrued liabilities 665.7 639.1
Debt 2,620.7 2,620.2
Deferred tax liability (net) 520.5 520.5
Other liabilities 442.1 402.4
Total liabilities 4,249.0 4,182.2
Commitments and contingencies (Note 7)
Redeemable non-controlling interests 366.1 350.5
Equity:    
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares issued as of December 31, 2024 and March 31, 2025) 0.6 0.6
Additional paid-in capital 667.8 733.1
Accumulated other comprehensive loss (175.7) (163.6)
Retained earnings 6,971.9 6,899.8
Total stockholders' equity before treasury stock 7,464.6 7,469.9
Less: Treasury stock, at cost (28.9 shares and 29.7 shares as of December 31, 2024 and March 31, 2025, respectively) (4,276.4) (4,124.6)
Total stockholders' equity 3,188.2 3,345.3
Non-controlling interests 910.8 952.9
Total equity 4,099.0 4,298.2
Total liabilities and equity $ 8,714.1 $ 8,830.9