v3.24.1.u1
Acquisitions (Tables)
 6 Months Ended
Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the estimated fair value amounts recognized for the assets acquired and liabilities assumed and resulting goodwill as of the acquisition date. The issuance of common stock consideration represents a non-cash financing activity related to the statement of cash flows.

(in millions)
Estimated Fair Value
as of January 1, 2024
Cash and cash equivalents$101.1 
Receivables118.9 
Investments111.2 
Assets of consolidated investment products
Cash and cash equivalents281.4 
Investments, at fair value849.5 
Property and equipment
87.1 
Goodwill
189.8 
Indefinite-lived intangible assets
542.5 
Definite-lived intangible asset
52.9 
Operating lease right-of-use assets
109.2 
Other assets20.4 
Compensation and benefits
(57.8)
Accounts payable and accrued expenses
(40.9)
Liabilities of consolidated investment products
Accounts payable and accrued expenses(259.6)
Debt(706.8)
Operating lease liabilities
(109.2)
Other liabilities
(12.1)
Redeemable noncontrolling interests
(20.2)
Nonredeemable noncontrolling interests
(25.8)
Total Identifiable Net Assets$1,231.6 
Schedule of purchase consideration See below for a summary of the total purchase consideration transferred at closing:
(in millions)
Total
Equity consideration1, 2
$940.1 
Cash consideration
221.7 
Deferred cash consideration
100.0 
Less: Other adjustments3
(30.2)
Total Purchase Consideration
$1,231.6 
1Excludes shares to be granted under a deferred compensation program.
2Market price on closing date of $29.79.
3Primarily relates to payments treated as future compensation expense.