10-Q Filing

BROWN & BROWN, INC. CIK: 79282 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-035211`
Period End Date	20230630
Filing Date	20230727
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	bro-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 74 Cash Flow Statement 95 Stockholders Equity 56 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`	303.30M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.38B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$627.90M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	302.90M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$650.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	283.20M	shares	Point-in-time
Fiduciary cash	`FiduciaryCashCurrent`	$1.38B	USD	Point-in-time
Fiduciary cash	`FiduciaryCashCurrent`	$1.64B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	283.60M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$10.10M	USD	Point-in-time
Treasury stock shares (in shares)	`TreasuryStockShares`	19.70M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$12.00M	USD	Point-in-time
Treasury stock shares (in shares)	`TreasuryStockShares`	19.70M	shares	Point-in-time
Commission, fees and other receivables	`CommissionFeesAndOtherReceivable`	$642.90M	USD	Point-in-time
Commission, fees and other receivables	`CommissionFeesAndOtherReceivable`	$751.30M	USD	Point-in-time
Fiduciary receivables	`FiduciaryReceivablesCurrent`	$881.40M	USD	Point-in-time
Fiduciary receivables	`FiduciaryReceivablesCurrent`	$1.00B	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesGross`	$831.00M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesGross`	$187.20M	USD	Point-in-time
Prepaid reinsurance premiums	`PrepaidReinsurancePremiums`	$393.20M	USD	Point-in-time
Prepaid reinsurance premiums	`PrepaidReinsurancePremiums`	$450.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$227.30M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$202.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.00B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.89B	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$239.90M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$244.70M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$204.90M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$214.90M	USD	Point-in-time
Goodwill	`Goodwill`	$6.67B	USD	Point-in-time
Goodwill	`Goodwill`	$6.87B	USD	Point-in-time
Amortizable intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.56B	USD	Point-in-time
Amortizable intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.60B	USD	Point-in-time
Investments	`Investments`	$22.40M	USD	Point-in-time
Investments	`Investments`	$27.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$271.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$230.90M	USD	Point-in-time
Total assets	`Assets`	$13.97B	USD	Point-in-time
Total assets	`Assets`	$12.28B	USD	Point-in-time
Total assets	`Assets`	$14.07B	USD	Point-in-time
Fiduciary liabilities	`FiduciaryLiabilitiesCurrent`	$2.64B	USD	Point-in-time
Fiduciary liabilities	`FiduciaryLiabilitiesCurrent`	$2.26B	USD	Point-in-time
Losses and loss adjustment reserve	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$841.10M	USD	Point-in-time
Losses and loss adjustment reserve	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$198.80M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$412.30M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$487.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$286.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$329.10M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$541.50M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$448.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$250.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$53.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.16B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.60B	USD	Point-in-time
Long-term debt less unamortized discount and debt issuance costs	`LongTermDebtNoncurrent`	$3.76B	USD	Point-in-time
Long-term debt less unamortized discount and debt issuance costs	`LongTermDebtNoncurrent`	$3.69B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$186.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$195.90M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$571.90M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$584.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$298.90M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$321.10M	USD	Point-in-time
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 303.3 shares and outstanding 283.6 shares at 2023, issued 302.9 shares and outstanding 283.2 shares at 2022, respectively	`CommonStockValue`	$30.30M	USD	Point-in-time
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 303.3 shares and outstanding 283.6 shares at 2023, issued 302.9 shares and outstanding 283.2 shares at 2022, respectively	`CommonStockValue`	$30.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$927.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$919.70M	USD	Point-in-time
Treasury stock, at cost 19.7 shares at 2023, 19.7 shares at 2022, respectively.	`TreasuryStockValue`	$748.00M	USD	Point-in-time
Treasury stock, at cost 19.7 shares at 2023, 19.7 shares at 2022, respectively.	`TreasuryStockValue`	$748.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-50.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-148.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.91B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.55B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.34B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$5.07B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.28B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.20B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.61B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.84B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$14.07B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$13.97B	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Commissions and fees	`InsuranceCommissionsAndFees`	$2.14B	USD	2 Qtrs
Commissions and fees	`InsuranceCommissionsAndFees`	$1.04B	USD	1 Quarter
Commissions and fees	`InsuranceCommissionsAndFees`	$838.70M	USD	1 Quarter
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`	$10.30M	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$17.30M	USD	2 Qtrs
Other income, net	`OtherIncome`	$1.10M	USD	1 Quarter
Other income, net	`OtherIncome`	$600.00K	USD	1 Quarter
Other income, net	`OtherIncome`	$2.10M	USD	2 Qtrs
Other income, net	`OtherIncome`	$800.00K	USD	2 Qtrs
Total revenues	`Revenues`	$839.70M	USD	1 Quarter
Total revenues	`Revenues`	$1.05B	USD	1 Quarter
Total revenues	`Revenues`	$1.74B	USD	2 Qtrs
Total revenues	`Revenues`	$2.16B	USD	2 Qtrs
Employee compensation and benefits	`EmployeeCompensationAndBenefits`	$1.10B	USD	2 Qtrs
Employee compensation and benefits	`EmployeeCompensationAndBenefits`	$530.20M	USD	1 Quarter
Employee compensation and benefits	`EmployeeCompensationAndBenefits`	$412.10M	USD	1 Quarter
Employee compensation and benefits	`EmployeeCompensationAndBenefits`	$871.00M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$154.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$162.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$280.80M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$322.70M	USD	2 Qtrs
(Gain)/loss on disposal	`GainLossOnDispositionOfAssets1`	$400.00K	USD	1 Quarter
(Gain)/loss on disposal	`GainLossOnDispositionOfAssets1`	$700.00K	USD	1 Quarter
(Gain)/loss on disposal	`GainLossOnDispositionOfAssets1`	$900.00K	USD	2 Qtrs
(Gain)/loss on disposal	`GainLossOnDispositionOfAssets1`	$6.10M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$41.20M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$64.70M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$33.60M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$82.60M	USD	2 Qtrs
Depreciation	`Depreciation`	$20.10M	USD	2 Qtrs
Depreciation	`Depreciation`	$8.90M	USD	1 Quarter
Depreciation	`Depreciation`	$10.20M	USD	1 Quarter
Depreciation	`Depreciation`	$17.10M	USD	2 Qtrs
Interest	`InterestExpense`	$54.30M	USD	2 Qtrs
Interest	`InterestExpense`	$36.00M	USD	1 Quarter
Interest	`InterestExpense`	$94.60M	USD	2 Qtrs
Interest	`InterestExpense`	$47.90M	USD	1 Quarter
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-6.40M	USD	2 Qtrs
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-500.00K	USD	2 Qtrs
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-3.00M	USD	1 Quarter
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.80M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.28B	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$792.90M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$640.90M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.61B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$254.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$548.60M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$463.90M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$198.80M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$122.70M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$53.60M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$98.40M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$64.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$425.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$190.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$365.50M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$145.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$235.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$220.30M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.50	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.29	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.50	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.29	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.23	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

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$425.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$190.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$365.50M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$145.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$235.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$220.30M	USD	1 Quarter
Amortization	`AdjustmentForAmortizationExcludingAccretionAmortizationOfDebtDiscountsAndPremiumsInvestments`	$64.70M	USD	2 Qtrs
Amortization	`AdjustmentForAmortizationExcludingAccretionAmortizationOfDebtDiscountsAndPremiumsInvestments`	$82.60M	USD	2 Qtrs
Depreciation	`Depreciation`	$20.10M	USD	2 Qtrs
Depreciation	`Depreciation`	$8.90M	USD	1 Quarter
Depreciation	`Depreciation`	$10.20M	USD	1 Quarter
Depreciation	`Depreciation`	$17.10M	USD	2 Qtrs
Non-cash stock-based compensation	`ShareBasedCompensation`	$45.20M	USD	2 Qtrs
Non-cash stock-based compensation	`ShareBasedCompensation`	$34.00M	USD	2 Qtrs
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-6.40M	USD	2 Qtrs
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-500.00K	USD	2 Qtrs
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-3.00M	USD	1 Quarter
Change in estimated acquisition earn-out payables	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.80M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.40M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$26.60M	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`	$2.20M	USD	2 Qtrs
Net (gain)/loss on sales/disposals of investments, fixed assets and customer accounts	`NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts`	$5.50M	USD	2 Qtrs
Net (gain)/loss on sales/disposals of investments, fixed assets and customer accounts	`NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts`	$500.00K	USD	2 Qtrs
Payments on acquisition earn-outs in excess of original estimated payables	`PaymentsOnAcquisitionEarnOutsInExcessOfOriginalEstimatedPayables`	$23.40M	USD	2 Qtrs
Payments on acquisition earn-outs in excess of original estimated payables	`PaymentsOnAcquisitionEarnOutsInExcessOfOriginalEstimatedPayables`	$17.70M	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`	$200.00K	USD	2 Qtrs
Commissions, fees and other receivables (increase) decrease	`IncreaseDecreaseInPremiumsCommissionAndFeesReceivable`	$103.00M	USD	2 Qtrs
Commissions, fees and other receivables (increase) decrease	`IncreaseDecreaseInPremiumsCommissionAndFeesReceivable`	$78.30M	USD	2 Qtrs
Reinsurance recoverable (increase) decrease	`IncreaseDecreaseInReinsuranceRecoverable`	$-28.40M	USD	2 Qtrs
Reinsurance recoverable (increase) decrease	`IncreaseDecreaseInReinsuranceRecoverable`	$-643.80M	USD	2 Qtrs
Prepaid reinsurance premiums (increase) decrease	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$57.40M	USD	2 Qtrs
Prepaid reinsurance premiums (increase) decrease	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$-6.80M	USD	2 Qtrs
Other assets (increase) decrease	`IncreaseDecreaseInOtherOperatingAssets`	$56.10M	USD	2 Qtrs
Other assets (increase) decrease	`IncreaseDecreaseInOtherOperatingAssets`	$52.80M	USD	2 Qtrs
Losses and loss adjustment reserve increase (decrease)	`IncreaseDecreaseForLossAndLossAdjustmentExpense`	$-642.30M	USD	2 Qtrs
Losses and loss adjustment reserve increase (decrease)	`IncreaseDecreaseForLossAndLossAdjustmentExpense`	$-28.40M	USD	2 Qtrs
Unearned premiums increase (decrease)	`IncreaseDecreaseInUnearnedPremiums`	$75.10M	USD	2 Qtrs
Unearned premiums increase (decrease)	`IncreaseDecreaseInUnearnedPremiums`	$16.20M	USD	2 Qtrs
Accounts payable increase (decrease)	`IncreaseDecreaseInAccountsPayable`	$101.40M	USD	2 Qtrs
Accounts payable increase (decrease)	`IncreaseDecreaseInAccountsPayable`	$101.30M	USD	2 Qtrs
Accrued expenses and other liabilities increase (decrease)	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-100.00M	USD	2 Qtrs
Accrued expenses and other liabilities increase (decrease)	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-46.90M	USD	2 Qtrs
Other liabilities increase (decrease)	`IncreaseDecreaseInOtherOperatingLiabilities`	$-79.30M	USD	2 Qtrs
Other liabilities increase (decrease)	`IncreaseDecreaseInOtherOperatingLiabilities`	$-27.90M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$346.20M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$388.50M	USD	2 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.30M	USD	2 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.30M	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.30M	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.10M	USD	2 Qtrs
Payments for businesses acquired, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$457.20M	USD	2 Qtrs
Payments for businesses acquired, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$115.30M	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`	$6.00M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$6.20M	USD	2 Qtrs
Proceeds from sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$3.60M	USD	2 Qtrs
Proceeds from sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$5.90M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-134.70M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-467.50M	USD	2 Qtrs
Fiduciary receivables and liabilities, net	`FiduciaryReceivablesAndLiabilitiesNet`	$-89.30M	USD	2 Qtrs
Fiduciary receivables and liabilities, net	`FiduciaryReceivablesAndLiabilitiesNet`	$-223.90M	USD	2 Qtrs
Payments on acquisition earn-outs	`PaymentsOnAcquisitionEarnOuts`	$43.10M	USD	2 Qtrs
Payments on acquisition earn-outs	`PaymentsOnAcquisitionEarnOuts`	$45.90M	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`	$228.80M	USD	2 Qtrs
Deferred debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$23.30M	USD	2 Qtrs
Borrowings on revolving credit facility	`ProceedsFromLinesOfCredit`	$170.00M	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
Payments on revolving credit facilities	`RepaymentsOfLinesOfCredit`	$70.00M	USD	2 Qtrs
Issuances of common stock for employee stock benefit plans	`ProceedsFromStockOptionsExercised`	$1.60M	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`	$39.00M	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`	$74.10M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$100.00K	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$65.20M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$57.90M	USD	2 Qtrs
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.50M	USD	2 Qtrs
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.07B	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`	$29.90M	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`	$230.20M	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`	$2.03B	USD	Point-in-time
Cash and cash equivalents inclusive of fiduciary cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.26B	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 end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.47B	USD	Point-in-time
Cash and cash equivalents inclusive of fiduciary cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.03B	USD	Point-in-time
Cash and cash equivalents inclusive of fiduciary cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.26B	USD	Point-in-time
Cash and cash equivalents inclusive of fiduciary cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.29B	USD	Point-in-time

Stockholders Equity 56 line items

Line Item	Tag	Value	Unit	Period
Cash dividends paid	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Cash dividends paid	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Cash dividends paid	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Cash dividends paid	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Cash dividends paid	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$4.34B	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$5.07B	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$4.28B	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$4.20B	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$4.61B	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$4.84B	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	283.20M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	283.60M	shares	Point-in-time
Net income	`NetIncomeLoss`	$425.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$190.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$365.50M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$145.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$235.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$220.30M	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`	$-200.00K	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`	$-300.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$50.50M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$47.10M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-130.20M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.10M	USD	1 Quarter
Employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$2.40M	USD	1 Quarter
Employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$2.70M	USD	1 Quarter
Employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.70M	USD	1 Quarter
Employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$3.40M	USD	1 Quarter
Stock incentive plans	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$21.00M	USD	1 Quarter
Stock incentive plans	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$17.50M	USD	1 Quarter
Stock incentive plans	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$12.10M	USD	1 Quarter
Stock incentive plans	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$18.70M	USD	1 Quarter
Directors	`StockIssuedDuringPeriodValueIssuedForServices`	$1.10M	USD	1 Quarter
Directors	`StockIssuedDuringPeriodValueIssuedForServices`	$900.00K	USD	1 Quarter
Repurchase shares to fund tax withholdings for non-cash stock-based compensation	`RepurchaseSharesToFundTaxWithholdingsForNonCashStockBasedCompensationValue`	$46.00M	USD	1 Quarter
Repurchase shares to fund tax withholdings for non-cash stock-based compensation	`RepurchaseSharesToFundTaxWithholdingsForNonCashStockBasedCompensationValue`	$2.80M	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`	$36.20M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$50.00M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$24.10M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$100.00K	USD	1 Quarter
Cash dividends paid	`DividendsCash`	$28.90M	USD	1 Quarter
Cash dividends paid	`DividendsCash`	$29.00M	USD	1 Quarter
Cash dividends paid	`DividendsCash`	$32.60M	USD	1 Quarter
Cash dividends paid	`DividendsCash`	$32.60M	USD	1 Quarter
Ending Balance, Value	`StockholdersEquity`	$4.34B	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$5.07B	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$4.28B	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$4.20B	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$4.61B	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$4.84B	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	283.20M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	283.60M	shares	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$425.90M	USD	2 Qtrs
Net income	`ProfitLoss`	$190.40M	USD	1 Quarter
Net income	`ProfitLoss`	$145.20M	USD	1 Quarter
Net income	`ProfitLoss`	$365.50M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$97.80M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-130.10M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-132.20M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$50.70M	USD	1 Quarter
Unrealized gain/(loss) on available-for-sale debt securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$100.00K	USD	2 Qtrs
Unrealized gain/(loss) on available-for-sale debt securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-200.00K	USD	1 Quarter
Unrealized gain/(loss) on available-for-sale debt securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.20M	USD	2 Qtrs
Unrealized gain/(loss) on available-for-sale debt securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-300.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$523.80M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$14.80M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$232.10M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$240.90M	USD	1 Quarter

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