XML 23 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information
 9 Months Ended
Sep. 30, 2012
Segment Information [Abstract]  
Segment Information
Segment Information
The Company is organized based on the types of services provided. Under this organizational structure, the Company’s business segments are:
▪
Risk and Insurance Services, comprising insurance services (Marsh) and reinsurance services (Guy Carpenter); and
▪
Consulting, comprising Mercer and Oliver Wyman Group
The accounting policies of the segments are the same as those used for the consolidated financial statements described in Note 1 to the Company’s 2011 10-K. Segment performance is evaluated based on segment operating income, which includes directly related expenses, and charges or credits related to integration and restructuring but not the Company’s corporate-level expenses. Revenues are attributed to geographic areas on the basis of where the services are performed.
Selected information about the Company’s operating segments for the three- and nine-month periods ended September 30, 2012 and 2011 are as follows:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(In millions of dollars)
Revenue

 
Operating
Income
(Loss)

 
Revenue

 
Operating
Income
(Loss)

2012 –
 
 
 
 
 
 
 
Risk and Insurance Services
$
1,510

(a) 
$
234

 
$
4,955

(c) 
$
1,052

Consulting
1,346

(b) 
193

 
4,000

(d) 
524

Total Operating Segments
2,856

  
427

 
8,955

  
1,576

Corporate / Eliminations
(11
)
 
(49
)
 
(33
)
 
(153
)
Total Consolidated
$
2,845

  
$
378

 
$
8,922

  
$
1,423

2011–
 
 
 
 
 
 
 
Risk and Insurance Services
$
1,475

(a) 
$
186

 
$
4,729

(c) 
$
925

Consulting
1,339

(b) 
161

 
3,919

(d) 
441

Total Operating Segments
2,814

  
347

 
8,648

  
1,366

Corporate / Eliminations
(8
)
 
(37
)
 
(30
)
 
(119
)
Total Consolidated
$
2,806

  
$
310

 
$
8,618

  
$
1,247


(a) 
Includes inter-segment revenue of $1 million and $2 million in 2012 and 2011, respectively, interest income on fiduciary funds of $10 million and $14 million in 2012 and 2011, respectively, and equity method income of $1 million in 2011.
(b) 
Includes inter-segment revenue of $10 million and $6 million in 2012 and 2011, respectively, and interest income on fiduciary funds of $1 million in both 2012 and 2011.
(c) 
Includes inter-segment revenue of $4 million in both 2012 and 2011, interest income on fiduciary funds of $31 million and $36 million in 2012 and 2011, respectively, and equity method income of $10 million in both 2012 and 2011.
(d) 
Includes inter-segment revenue of $29 million and $26 million in 2012 and 2011, respectively, and interest income on fiduciary funds of $2 million and $3 million in 2012 and 2011, respectively.
Details of operating segment revenue for the three- and nine-month periods ended September 30, 2012 and 2011 are as follows:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Risk and Insurance Services
 
 
 
 
 
 
 
Marsh
$
1,260

 
$
1,221

 
$
4,069

 
$
3,875

Guy Carpenter
250

 
254

 
886

 
854

Total Risk and Insurance Services
1,510

 
1,475

 
4,955

 
4,729

Consulting
 
 
 
 
 
 
 
Mercer
995

 
975

 
2,912

 
2,842

Oliver Wyman Group
351

 
364

 
1,088

 
1,077

Total Consulting
1,346

 
1,339

 
4,000

 
3,919

Total Operating Segments
2,856

 
2,814

 
8,955

 
8,648

Corporate/ Eliminations
(11
)
 
(8
)
 
(33
)
 
(30
)
Total
$
2,845

 
$
2,806

 
$
8,922

 
$
8,618