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Other Assets and Other Liabilities
12 Months Ended
Dec. 31, 2022
Other Assets and Other Liabilities  
Other Assets and Other Liabilities

10. Other Assets and Other Liabilities

The following table summarizes the components of Other assets and Other liabilities (in millions):

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Other assets:

 

 

 

 

 

 

Other investments (Note 5) (a)

 

$

169.5

 

 

$

166.3

 

Amounts advanced to agents

 

 

154.9

 

 

 

146.9

 

Derivatives

 

 

126.1

 

 

 

247.7

 

ROU assets

 

 

122.4

 

 

 

164.5

 

Reverse repurchase agreements

 

 

100.0

 

 

 

 

Prepaid expenses

 

 

94.7

 

 

 

85.5

 

Equity method investments

 

 

41.4

 

 

 

38.4

 

Other

 

 

168.9

 

 

 

148.9

 

Total other assets (b)

 

$

977.9

 

 

$

998.2

 

Other liabilities:

 

 

 

 

 

 

Operating lease liabilities

 

$

161.3

 

 

$

203.0

 

Deferred proceeds - Business Solutions divestiture (Note 5)

 

 

104.3

 

 

 

 

Derivatives

 

 

98.9

 

 

 

183.8

 

Accrued agent contract costs

 

 

37.4

 

 

 

5.4

 

Other

 

 

72.1

 

 

 

71.5

 

Total other liabilities (b)

 

$

474.0

 

 

$

463.7

 

 

(a)
Represents equity investments without readily determinable fair values recorded at cost less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment in the same issuer.
(b)
As of December 31, 2022 and 2021, Other assets include $118.0 million and $260.5 million, respectively, classified as Assets held for sale, and Other liabilities include $89.4 million and $194.3 million, respectively, classified as Liabilities associated with assets held for sale (see Note 5).