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Segment Information
 6 Months Ended
Jun. 30, 2014
Segment Reporting [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 2013 Form 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 six-month periods ended June 30, 2014 and 2013 are as follows:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(In millions of dollars)
Revenue
 
Operating
Income
(Loss)
 
Revenue
 
Operating
Income
(Loss)
2014 –
 
 
 
 
 
 
 
Risk and Insurance Services
$
1,791

(a) 
$
448

 
$
3,630

(c) 
$
941

Consulting
1,520

(b) 
247

 
2,952

(d) 
472

Total Operating Segments
3,311

  
695

 
6,582

  
1,413

Corporate / Eliminations
(11
)
 
(48
)
 
(18
)
 
(93
)
Total Consolidated
$
3,300

  
$
647

 
$
6,564

  
$
1,320

2013–
 
 
 
 
 
 
 
Risk and Insurance Services
$
1,688

(a) 
$
421

 
$
3,459

(c) 
$
889

Consulting
1,410

(b) 
205

 
2,772

(d) 
392

Total Operating Segments
3,098

  
626

 
6,231

  
1,281

Corporate / Eliminations
(10
)
 
(49
)
 
(17
)
 
(97
)
Total Consolidated
$
3,088

  
$
577

 
$
6,214

  
$
1,184


(a) 
Includes inter-segment revenue of $3 million in both 2014 and 2013, interest income on fiduciary funds of $6 million in both 2014 and 2013, and equity method income of $6 million and $7 million in 2014 and 2013, respectively.
(b) 
Includes inter-segment revenue of $8 million and $7 million in 2014 and 2013, respectively, and interest income on fiduciary funds of $2 million in 2014 and $1 million in 2013.
(c) 
Includes inter-segment revenue of $3 million in both 2014 and 2013, interest income on fiduciary funds of $12 million and $14 million in 2014 and 2013, respectively, and equity method income of $6 million and $8 million in 2014 and 2013, respectively.
(d) 
Includes inter-segment revenue of $15 million and $14 million in 2014 and 2013, respectively, and interest income on fiduciary funds of $3 million and $2 million in 2014 and 2013, respectively.
Details of operating segment revenue for the three- and six-month periods ended June 30, 2014 and 2013 are as follows: 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(In millions of dollars)
2014

 
2013

 
2014

 
2013

Risk and Insurance Services
 
 
 
 
 
 
 
Marsh
$
1,495

 
$
1,402

 
$
2,952

 
$
2,797

Guy Carpenter
296

 
286

 
678

 
662

Total Risk and Insurance Services
1,791

 
1,688

 
3,630

 
3,459

Consulting
 
 
 
 
 
 
 
Mercer
1,071

 
1,044

 
2,132

 
2,085

Oliver Wyman Group
449

 
366

 
820

 
687

Total Consulting
1,520

 
1,410

 
2,952

 
2,772

Total Operating Segments
3,311

 
3,098

 
6,582

 
6,231

Corporate/ Eliminations
(11
)
 
(10
)
 
(18
)
 
(17
)
Total
$
3,300

 
$
3,088

 
$
6,564

 
$
6,214