10-Q Filing

BROWN & BROWN, INC. CIK: 79282 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0000950170-22-013113`
Period End Date	20220630
Filing Date	20220726
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	bro-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 74 Cash Flow Statement 93 Stockholders Equity 59 Comprehensive Income 16

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	560.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	560.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	302.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.38B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$625.40M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	301.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$693.20M	USD	Point-in-time
Fiduciary cash	`FiduciaryCashCurrent`	$777.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	282.20M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	282.50M	shares	Point-in-time
Fiduciary cash	`FiduciaryCashCurrent`	$904.00M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$14.90M	USD	Point-in-time
Treasury stock shares (in shares)	`TreasuryStockShares`	19.70M	shares	Point-in-time
Treasury stock shares (in shares)	`TreasuryStockShares`	18.50M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$12.90M	USD	Point-in-time
Commission, fees and other receivables	`CommissionFeesAndOtherReceivable`	$600.80M	USD	Point-in-time
Commission, fees and other receivables	`CommissionFeesAndOtherReceivable`	$522.60M	USD	Point-in-time
Fiduciary receivables	`FiduciaryReceivablesCurrent`	$784.60M	USD	Point-in-time
Fiduciary receivables	`FiduciaryReceivablesCurrent`	$693.70M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesGross`	$34.70M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesGross`	$63.10M	USD	Point-in-time
Prepaid reinsurance premiums	`PrepaidReinsurancePremiums`	$385.40M	USD	Point-in-time
Prepaid reinsurance premiums	`PrepaidReinsurancePremiums`	$392.20M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$175.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$222.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.33B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.33B	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$212.00M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$214.60M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$197.00M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$203.30M	USD	Point-in-time
Goodwill	`Goodwill`	$5.15B	USD	Point-in-time
Goodwill	`Goodwill`	$4.74B	USD	Point-in-time
Amortizable intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.15B	USD	Point-in-time
Amortizable intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.08B	USD	Point-in-time
Investments	`Investments`	$31.00M	USD	Point-in-time
Investments	`Investments`	$23.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$213.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$206.80M	USD	Point-in-time
Total assets	`Assets`	$9.36B	USD	Point-in-time
Total assets	`Assets`	$9.80B	USD	Point-in-time
Total assets	`Assets`	$12.28B	USD	Point-in-time
Fiduciary liabilities	`FiduciaryLiabilitiesCurrent`	$1.47B	USD	Point-in-time
Fiduciary liabilities	`FiduciaryLiabilitiesCurrent`	$1.69B	USD	Point-in-time
Losses and loss adjustment reserve	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$63.10M	USD	Point-in-time
Losses and loss adjustment reserve	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$34.70M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$392.20M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$408.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$279.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$242.70M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$421.40M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$456.20M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$42.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$67.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.90B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.67B	USD	Point-in-time
Long-term debt less unamortized discount and debt issuance costs	`LongTermDebtNoncurrent`	$4.16B	USD	Point-in-time
Long-term debt less unamortized discount and debt issuance costs	`LongTermDebtNoncurrent`	$1.98B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$185.90M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$180.00M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$386.80M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$443.10M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$311.30M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$383.90M	USD	Point-in-time
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 302.0 shares and outstanding 282.2 shares at 2022, issued 301.0 shares and outstanding 282.5 shares at 2021, respectively	`CommonStockValue`	$30.10M	USD	Point-in-time
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 302.0 shares and outstanding 282.2 shares at 2022, issued 301.0 shares and outstanding 282.5 shares at 2021, respectively	`CommonStockValue`	$30.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$849.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$835.70M	USD	Point-in-time
Treasury stock, at cost at 19.7 shares at 2022, 18.5 shares at 2021, respectively	`TreasuryStockValue`	$748.00M	USD	Point-in-time
Treasury stock, at cost at 19.7 shares at 2022, 18.5 shares at 2021, respectively	`TreasuryStockValue`	$673.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-142.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.00B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.31B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.34B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.20B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.83B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.28B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.75B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.95B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$12.28B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$9.80B	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Commissions and fees	`InsuranceCommissionsAndFees`	$725.90M	USD	1 Quarter
Commissions and fees	`InsuranceCommissionsAndFees`	$838.70M	USD	1 Quarter
Commissions and fees	`InsuranceCommissionsAndFees`	$1.54B	USD	2 Qtrs
Commissions and fees	`InsuranceCommissionsAndFees`	$1.74B	USD	2 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$400.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$600.00K	USD	2 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$500.00K	USD	2 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$200.00K	USD	1 Quarter
Other income, net	`OtherIncome`	$800.00K	USD	2 Qtrs
Other income, net	`OtherIncome`	$600.00K	USD	1 Quarter
Other income, net	`OtherIncome`	$1.20M	USD	1 Quarter
Other income, net	`OtherIncome`	$2.20M	USD	2 Qtrs
Total revenues	`Revenues`	$727.30M	USD	1 Quarter
Total revenues	`Revenues`	$839.70M	USD	1 Quarter
Total revenues	`Revenues`	$1.74B	USD	2 Qtrs
Total revenues	`Revenues`	$1.54B	USD	2 Qtrs
Employee compensation and benefits	`EmployeeCompensationAndBenefits`	$871.00M	USD	2 Qtrs
Employee compensation and benefits	`EmployeeCompensationAndBenefits`	$412.10M	USD	1 Quarter
Employee compensation and benefits	`EmployeeCompensationAndBenefits`	$825.10M	USD	2 Qtrs
Employee compensation and benefits	`EmployeeCompensationAndBenefits`	$395.60M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$280.80M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$190.60M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$154.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$96.30M	USD	1 Quarter
(Gain)/loss on disposal	`GainLossOnDispositionOfAssets1`	$4.00M	USD	2 Qtrs
(Gain)/loss on disposal	`GainLossOnDispositionOfAssets1`	$700.00K	USD	1 Quarter
(Gain)/loss on disposal	`GainLossOnDispositionOfAssets1`	$3.90M	USD	1 Quarter
(Gain)/loss on disposal	`GainLossOnDispositionOfAssets1`	$900.00K	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$33.60M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$64.70M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$29.50M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$59.00M	USD	2 Qtrs
Depreciation	`Depreciation`	$8.90M	USD	1 Quarter
Depreciation	`Depreciation`	$17.10M	USD	2 Qtrs
Depreciation	`Depreciation`	$16.30M	USD	2 Qtrs
Depreciation	`Depreciation`	$8.80M	USD	1 Quarter
Interest	`InterestExpense`	$16.30M	USD	1 Quarter
Interest	`InterestExpense`	$36.00M	USD	1 Quarter
Interest	`InterestExpense`	$54.30M	USD	2 Qtrs
Interest	`InterestExpense`	$32.60M	USD	2 Qtrs
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-1.60M	USD	1 Quarter
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-3.00M	USD	1 Quarter
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-2.50M	USD	2 Qtrs
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-6.40M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$1.28B	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$541.00M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$640.90M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.12B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$425.50M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$198.80M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$463.90M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$186.30M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$98.40M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$86.50M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$47.00M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$53.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$145.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$365.50M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$220.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$339.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$199.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$139.30M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.20	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.29	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.29	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.20	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.18	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter

Cash Flow Statement 93 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$145.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$365.50M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$220.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$339.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$199.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$139.30M	USD	1 Quarter
Amortization	`AdjustmentForAmortizationExcludingAccretionAmortizationOfDebtDiscountsAndPremiumsInvestments`	$64.70M	USD	2 Qtrs
Amortization	`AdjustmentForAmortizationExcludingAccretionAmortizationOfDebtDiscountsAndPremiumsInvestments`	$59.00M	USD	2 Qtrs
Depreciation	`Depreciation`	$8.90M	USD	1 Quarter
Depreciation	`Depreciation`	$17.10M	USD	2 Qtrs
Depreciation	`Depreciation`	$16.30M	USD	2 Qtrs
Depreciation	`Depreciation`	$8.80M	USD	1 Quarter
Non-cash stock-based compensation	`ShareBasedCompensation`	$32.70M	USD	2 Qtrs
Non-cash stock-based compensation	`ShareBasedCompensation`	$34.00M	USD	2 Qtrs
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-1.60M	USD	1 Quarter
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-3.00M	USD	1 Quarter
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-2.50M	USD	2 Qtrs
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-6.40M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$26.60M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$21.90M	USD	2 Qtrs
Amortization of debt discount and disposal of deferred financing costs	`AmortizationOfDebtDiscountPremium`	$1.80M	USD	2 Qtrs
Amortization of debt discount and disposal of deferred financing costs	`AmortizationOfDebtDiscountPremium`	$1.50M	USD	2 Qtrs
Net (gain)/loss on sales/disposals of investments, fixed assets and customer accounts	`NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts`	$500.00K	USD	2 Qtrs
Net (gain)/loss on sales/disposals of investments, fixed assets and customer accounts	`NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts`	$2.80M	USD	2 Qtrs
Payments on acquisition earn-outs in excess of original estimated payables	`PaymentsOnAcquisitionEarnOutsInExcessOfOriginalEstimatedPayables`	$5.70M	USD	2 Qtrs
Payments on acquisition earn-outs in excess of original estimated payables	`PaymentsOnAcquisitionEarnOutsInExcessOfOriginalEstimatedPayables`	$23.40M	USD	2 Qtrs
Effect of changes in foreign exchange rate changes	`IncreaseDecreaseInEffectOfForeignExchangeRate`	$-200.00K	USD	2 Qtrs
Effect of changes in foreign exchange rate changes	`IncreaseDecreaseInEffectOfForeignExchangeRate`	$600.00K	USD	2 Qtrs
Commissions, fees and other receivables (increase) decrease	`IncreaseDecreaseInPremiumsCommissionAndFeesReceivable`	$66.70M	USD	2 Qtrs
Commissions, fees and other receivables (increase) decrease	`IncreaseDecreaseInPremiumsCommissionAndFeesReceivable`	$78.30M	USD	2 Qtrs
Reinsurance recoverable (increase) decrease	`IncreaseDecreaseInReinsuranceRecoverable`	$-1.10M	USD	2 Qtrs
Reinsurance recoverable (increase) decrease	`IncreaseDecreaseInReinsuranceRecoverable`	$-28.40M	USD	2 Qtrs
Prepaid reinsurance premiums (increase) decrease	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$-6.80M	USD	2 Qtrs
Prepaid reinsurance premiums (increase) decrease	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$-8.90M	USD	2 Qtrs
Other assets (increase) decrease	`IncreaseDecreaseInOtherOperatingAssets`	$52.80M	USD	2 Qtrs
Other assets (increase) decrease	`IncreaseDecreaseInOtherOperatingAssets`	$35.60M	USD	2 Qtrs
Losses and loss adjustment reserve increase (decrease)	`IncreaseDecreaseForLossAndLossAdjustmentExpense`	$-28.40M	USD	2 Qtrs
Losses and loss adjustment reserve increase (decrease)	`IncreaseDecreaseForLossAndLossAdjustmentExpense`	$-1.10M	USD	2 Qtrs
Unearned premiums increase (decrease)	`IncreaseDecreaseInUnearnedPremiums`	$-8.90M	USD	2 Qtrs
Unearned premiums increase (decrease)	`IncreaseDecreaseInUnearnedPremiums`	$16.20M	USD	2 Qtrs
Accounts payable increase (decrease)	`IncreaseDecreaseInAccountsPayable`	$101.30M	USD	2 Qtrs
Accounts payable increase (decrease)	`IncreaseDecreaseInAccountsPayable`	$71.00M	USD	2 Qtrs
Accrued expenses and other liabilities increase (decrease)	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-46.90M	USD	2 Qtrs
Accrued expenses and other liabilities increase (decrease)	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-21.30M	USD	2 Qtrs
Other liabilities increase (decrease)	`IncreaseDecreaseInOtherOperatingLiabilities`	$-79.30M	USD	2 Qtrs
Other liabilities increase (decrease)	`IncreaseDecreaseInOtherOperatingLiabilities`	$-27.50M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$346.20M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$379.90M	USD	2 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.10M	USD	2 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.30M	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.70M	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.30M	USD	2 Qtrs
Payments for businesses acquired, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$116.60M	USD	2 Qtrs
Payments for businesses acquired, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$457.20M	USD	2 Qtrs
Proceeds from sales of fixed assets and customer accounts	`ProceedsFromSaleOfProductiveAssets`	$4.40M	USD	2 Qtrs
Proceeds from sales of fixed assets and customer accounts	`ProceedsFromSaleOfProductiveAssets`	$8.30M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$9.80M	USD	2 Qtrs
Proceeds from sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$3.60M	USD	2 Qtrs
Proceeds from sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$6.90M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-136.30M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-467.50M	USD	2 Qtrs
Fiduciary receivables and liabilities, net	`FiduciaryReceivablesAndLiabilitiesNet`	$-86.40M	USD	2 Qtrs
Fiduciary receivables and liabilities, net	`FiduciaryReceivablesAndLiabilitiesNet`	$-89.30M	USD	2 Qtrs
Payments on acquisition earn-outs	`PaymentsOnAcquisitionEarnOuts`	$43.10M	USD	2 Qtrs
Payments on acquisition earn-outs	`PaymentsOnAcquisitionEarnOuts`	$34.20M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.00B	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$27.50M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$35.00M	USD	2 Qtrs
Deferred debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$23.30M	USD	2 Qtrs
Borrowings on revolving credit facility	`ProceedsFromLinesOfCredit`	$350.00M	USD	2 Qtrs
Payments on revolving credit facilities	`RepaymentsOfLinesOfCredit`	$100.00M	USD	2 Qtrs
Issuances of common stock for employee stock benefit plans	`ProceedsFromStockOptionsExercised`	$900.00K	USD	2 Qtrs
Issuances of common stock for employee stock benefit plans	`ProceedsFromStockOptionsExercised`	$900.00K	USD	2 Qtrs
Repurchase shares to fund tax withholdings for non-cash stock-based compensation	`RepurchaseOfStockBenefitPlanSharesForEmployeesToFundTaxWithholdings`	$48.30M	USD	2 Qtrs
Repurchase shares to fund tax withholdings for non-cash stock-based compensation	`RepurchaseOfStockBenefitPlanSharesForEmployeesToFundTaxWithholdings`	$48.40M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$81.40M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$74.10M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$57.90M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$52.20M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.07B	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-163.80M	USD	2 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents inclusive of fiduciary cash	`EffectOfForeignExchangeRateCashChangesInCashAndCashEquivalentsInclusiveOfFiduciary`	$-127.30M	USD	2 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents inclusive of fiduciary cash	`EffectOfForeignExchangeRateCashChangesInCashAndCashEquivalentsInclusiveOfFiduciary`	$-700.00K	USD	2 Qtrs
Net increase in cash and cash equivalents inclusive of fiduciary cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.82B	USD	2 Qtrs
Net increase in cash and cash equivalents inclusive of fiduciary cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$79.10M	USD	2 Qtrs
Cash and cash equivalents inclusive of fiduciary cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.47B	USD	Point-in-time
Cash and cash equivalents inclusive of fiduciary cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Cash and cash equivalents inclusive of fiduciary cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.29B	USD	Point-in-time
Cash and cash equivalents inclusive of fiduciary cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.27B	USD	Point-in-time
Cash and cash equivalents inclusive of fiduciary cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.47B	USD	Point-in-time
Cash and cash equivalents inclusive of fiduciary cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Cash and cash equivalents inclusive of fiduciary cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.29B	USD	Point-in-time
Cash and cash equivalents inclusive of fiduciary cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.27B	USD	Point-in-time

Stockholders Equity 59 line items

Line Item	Tag	Value	Unit	Period
Cash dividends paid	`CommonStockDividendsPerShareCashPaid`	$0.09	USD	1 Quarter
Cash dividends paid	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	Point-in-time
Cash dividends paid	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	Point-in-time
Cash dividends paid	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Cash dividends paid	`CommonStockDividendsPerShareCashPaid`	$0.09	USD	1 Quarter
Cash dividends paid	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Beginning Balance, Value	`StockholdersEquity`	$4.34B	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$4.20B	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$3.83B	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$4.28B	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$3.75B	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$3.95B	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	282.20M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	282.50M	shares	Point-in-time
Net income	`NetIncomeLoss`	$145.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$365.50M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$220.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$339.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$199.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$139.30M	USD	1 Quarter
Net unrealized holding (loss) gain on available-for- sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-900.00K	USD	1 Quarter
Net unrealized holding (loss) gain on available-for- sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-300.00K	USD	1 Quarter
Net unrealized holding (loss) gain on available-for- sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-200.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-130.20M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.10M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.10M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.50M	USD	1 Quarter
Employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$2.70M	USD	1 Quarter
Employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$3.00M	USD	1 Quarter
Employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$2.00M	USD	1 Quarter
Employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.70M	USD	1 Quarter
Stock incentive plans	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$12.10M	USD	1 Quarter
Stock incentive plans	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$12.00M	USD	1 Quarter
Stock incentive plans	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$15.60M	USD	1 Quarter
Stock incentive plans	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$17.50M	USD	1 Quarter
Agency acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$4.90M	USD	1 Quarter
Agency acquisition	`StockIssuedDuringPeriodValueAcquisitions`	-	USD	2 Qtrs
Directors	`StockIssuedDuringPeriodValueIssuedForServices`	$900.00K	USD	1 Quarter
Directors	`StockIssuedDuringPeriodValueIssuedForServices`	$900.00K	USD	1 Quarter
Repurchase shares to fund tax withholdings for non-cash stock-based compensation	`RepurchaseSharesToFundTaxWithholdingsForNonCashStockBasedCompensationValue`	$45.00M	USD	1 Quarter
Repurchase shares to fund tax withholdings for non-cash stock-based compensation	`RepurchaseSharesToFundTaxWithholdingsForNonCashStockBasedCompensationValue`	$3.20M	USD	1 Quarter
Repurchase shares to fund tax withholdings for non-cash stock-based compensation	`RepurchaseSharesToFundTaxWithholdingsForNonCashStockBasedCompensationValue`	$2.40M	USD	1 Quarter
Repurchase shares to fund tax withholdings for non-cash stock-based compensation	`RepurchaseSharesToFundTaxWithholdingsForNonCashStockBasedCompensationValue`	$46.00M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$24.10M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$11.40M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$50.00M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$70.00M	USD	1 Quarter
Cash dividends paid	`DividendsCash`	$26.10M	USD	1 Quarter
Cash dividends paid	`DividendsCash`	$26.10M	USD	1 Quarter
Cash dividends paid	`DividendsCash`	$28.90M	USD	1 Quarter
Cash dividends paid	`DividendsCash`	$29.00M	USD	1 Quarter
Ending Balance, Value	`StockholdersEquity`	$4.34B	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$4.20B	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$3.83B	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$4.28B	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$3.75B	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$3.95B	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	282.20M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	282.50M	shares	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$365.50M	USD	2 Qtrs
Net income	`ProfitLoss`	$139.30M	USD	1 Quarter
Net income	`ProfitLoss`	$145.20M	USD	1 Quarter
Net income	`ProfitLoss`	$339.00M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-130.10M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$1.50M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-132.20M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.80M	USD	2 Qtrs
Unrealized (loss) gain on available-for-sale debt securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$300.00K	USD	2 Qtrs
Unrealized (loss) gain on available-for-sale debt securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.20M	USD	2 Qtrs
Unrealized (loss) gain on available-for-sale debt securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized (loss) gain on available-for-sale debt securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-300.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$140.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$232.10M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$335.50M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.