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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 2,301 $ 2,113
Receivables    
Commissions and fees 2,858 2,676
Advanced premiums and claims 62 86
Other 244 249
Gross receivables 3,164 3,011
Less-allowance for doubtful accounts and cancellations (106) (105)
Net receivables 3,058 2,906
Current deferred tax assets 410 376
Other current assets 194 253
Total current assets 5,963 5,648
Goodwill and intangible assets 7,261 6,963
Fixed assets, net 809 804
Pension related assets 260 39
Deferred tax assets 1,223 1,205
Other assets 772 795
Total assets 16,288 15,454
Current liabilities:    
Short-term debt 260 260
Accounts payable and accrued liabilities 1,721 2,016
Accrued compensation and employee benefits 1,473 1,400
Accrued income taxes 110 63
Total current liabilities 3,564 3,739
Fiduciary liabilities 3,992 4,082
Less – cash and investments held in a fiduciary capacity (3,992) (4,082)
Net fiduciary assets 0 0
Long-term debt 2,658 2,668
Pension, postretirement and postemployment benefits 2,094 1,655
Liabilities for errors and omissions 460 468
Other liabilities 906 984
Commitments and contingencies 0 0
Equity:    
Preferred stock, $1 par value, authorized 6,000,000 shares, none issued 0 0
Common stock, $1 par value, authorized 1,600,000,000 shares, issued 560,641,640 shares at December 31, 2012 and December 31, 2011 561 561
Additional paid-in capital 1,107 1,156
Retained earnings 8,628 7,949
Accumulated other comprehensive loss (3,307) (3,188)
Non-controlling interests 64 57
Stockholders Equity Subtotal Before Treasury Stock 7,053 6,535
Less – treasury shares, at cost, 15,133,774 shares at December 31, 2012 and 21,463,226 shares at December 31, 2011 (447) (595)
Total equity 6,606 5,940
Total liabilities and stockholders' equity $ 16,288 $ 15,454