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Stock Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of the status of MMC's stock option awards
A summary of the status of the Company’s stock option awards as of December 31, 2012 and changes during the year then ended is presented below:
 
Shares

 
Weighted
Average Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic Value
($000)
Balance at January 1, 2012
38,895,109

 
$
29.21

 
 
 
 
Granted
3,547,733

 
$
31.88

 
 
 
 
Exercised
(6,892,731
)
 
$
26.01

 
 
 
 
Canceled or exchanged

 

 
 
 
 
Forfeited
(860,022
)
 
$
27.69

 
 
 
 
Expired
(2,644,296
)
 
$
42.85

 
 
 
 
Balance at December 31, 2012
32,045,793

 
$
29.10

 
4.5 years
 
186,467

Options vested or expected to vest at December 31, 2012
32,004,297

 
$
29.12

 
4.4 years

185,871

Options exercisable at December 31, 2012
16,115,605

 
$
28.85

 
3.8 years
 
106,606

Black-Scholes Option Pricing [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Option pricing valuation model for options granted
The assumptions used in the Black-Scholes option pricing valuation model for options granted by the Company in 2012, 2011 and 2010 are as follows:
 
2012
 
2011
 
2010
Risk-free interest rate
1.26%-1.27%
 
2.28%-2.90%
 
3.15%-3.20%
Expected life (in years)
6.50
 
6.75
 
6.75
Expected volatility
26.2%-26.4%
 
25.4%-25.8%
 
26.3%-27.6%
Expected dividend yield
2.76%-2.80%
 
2.75%-2.86%
 
3.26%-3.52%
Deferred Stock Units [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock units award activity
A summary of the status of the Company's restricted stock awards as of December 31, 2012 and changes during the period then ended is presented below:
 
Shares

 
Weighted Average
Grant Date
Fair Value
Non-vested balance at January 1, 2012
51,700

 
$
46.86

Granted

 
$

Vested
(20,000
)
 
$
46.14

Forfeited

 
$

Non-vested balance at December 31, 2012
31,700

 
$
47.31


Restricted Stock Units And Performance Stock Units [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock units award activity
 
Restricted Stock Units
 
Performance Stock Units
 
Shares

Weighted Average
Grant Date
Fair Value

 
Shares

Weighted Average Grant Date Fair Value

Non-vested balance at January 1, 2012
15,058,428

$
25.43

 
368,346

$
30.60

Granted
2,797,287

$
31.96

 
461,756

$
31.89

Vested
(8,209,388
)
$
23.97

 
(25,129
)
$
30.83

Forfeited
(682,089
)
$
28.49

 
(81,075
)
$
31.31

Adjustment due to performance

$

 
6,940

$
30.60

Non-vested balance at December 31, 2012
8,964,238

$
28.58

 
730,838

$
31.32