XML 88 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 2,303 $ 2,301
Receivables    
Commissions and fees 3,065 2,858
Advanced premiums and claims 61 62
Other 282 244
Gross receivables 3,408 3,164
Less-allowance for doubtful accounts and cancellations (98) (106)
Net receivables 3,310 3,058
Current deferred tax assets 482 410
Other current assets 205 194
Total current assets 6,300 5,963
Goodwill and intangible assets 7,365 7,261
Fixed assets, net 828 809
Pension related assets 979 260
Deferred tax assets 626 1,223
Other assets 882 772
Total assets 16,980 16,288
Current liabilities:    
Short-term debt 334 260
Accounts payable and accrued liabilities 1,861 1,721
Accrued compensation and employee benefits 1,466 1,473
Accrued income taxes 148 110
Total current liabilities 3,809 3,564
Fiduciary liabilities 4,234 3,992
Less – cash and investments held in a fiduciary capacity (4,234) (3,992)
Fiduciary liabilities, net, noncurrent 0 0
Long-term debt 2,621 2,658
Pension, postretirement and postemployment benefits 1,150 2,094
Liabilities for errors and omissions 373 460
Other liabilities 1,052 906
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, 2013 and December 31, 2012 561 561
Additional paid-in capital 1,028 1,107
Retained earnings 9,452 8,628
Accumulated other comprehensive loss (2,621) (3,307)
Non-controlling interests 70 64
Stockholders Equity Subtotal Before Treasury Stock 8,490 7,053
Less – treasury shares, at cost, 13,882,204 shares at December 31, 2013 and 15,133,774 shares at December 31, 2012 (515) (447)
Total equity 7,975 6,606
Total liabilities and stockholders' equity $ 16,980 $ 16,288