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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 476.1 $ 950.0
Receivables 667.7 409.7
Investments 659.7 595.6
Goodwill 2,528.2 2,504.9
Acquired client relationships (net) 1,703.3 1,777.8
Equity method investments in Affiliates (net) 2,529.1 2,246.6
Fixed assets (net) 55.2 57.6
Other assets 308.9 288.7
Total assets 8,928.2 8,830.9
Liabilities and Equity    
Payables and accrued liabilities 879.7 639.1
Debt 2,371.6 2,620.2
Deferred tax liability (net) 542.4 520.5
Other liabilities 594.5 402.4
Total liabilities 4,388.2 4,182.2
Commitments and contingencies (Note 7)
Redeemable non-controlling interests 273.5 350.5
Equity:    
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares issued as of December 31, 2024 and September 30, 2025) 0.6 0.6
Additional paid-in capital 714.6 733.1
Accumulated other comprehensive loss (108.6) (163.6)
Retained earnings 7,268.0 6,899.8
Total stockholders' equity before treasury stock 7,874.6 7,469.9
Less: Treasury stock, at cost (28.9 shares and 30.2 shares as of December 31, 2024 and September 30, 2025, respectively) (4,531.2) (4,124.6)
Total stockholders' equity 3,343.4 3,345.3
Non-controlling interests 923.1 952.9
Total equity 4,266.5 4,298.2
Total liabilities and equity $ 8,928.2 $ 8,830.9