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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,005 $ 2,303
Receivables    
Commissions and fees 3,461 3,065
Advanced premiums and claims 59 61
Other 292 282
Gross receivables 3,812 3,408
Less-allowance for doubtful accounts and cancellations (106) (98)
Net receivables 3,706 3,310
Current deferred tax assets 480 482
Other current assets 223 205
Total current assets 6,414 6,300
Goodwill and intangible assets 7,871 7,365
Fixed assets (net of accumulated depreciation and amortization of $1,663 at June 30, 2014 and $1,597 at December 31, 2013) 843 828
Pension related assets 980 979
Deferred tax assets 546 626
Other assets 934 882
Total assets 17,588 16,980
Current liabilities:    
Short-term debt 333 334
Accounts payable and accrued liabilities 1,849 1,861
Accrued compensation and employee benefits 985 1,466
Accrued income taxes 209 148
Dividends payable 154 0
Total current liabilities 3,530 3,809
Fiduciary liabilities 5,237 4,234
Less – cash and investments held in a fiduciary capacity (5,237) (4,234)
Net fiduciary assets 0 0
Long-term debt 3,212 2,621
Pension, post-retirement and post-employment benefits 1,123 1,150
Liabilities for errors and omissions 366 373
Other liabilities 1,129 1,052
Commitments and contingencies      
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 June 30, 2014 and December 31, 2013 561 561
Additional paid-in capital 914 1,028
Retained earnings 9,897 9,452
Accumulated other comprehensive loss (2,607) (2,621)
Non-controlling interests 77 70
Stockholders' equity before treasury stock 8,842 8,490
Less – treasury shares, at cost, 14,993,131 shares at June 30, 2014 and 13,882,204 shares at December 31, 2013 (614) (515)
Total equity 8,228 7,975
Total liabilities and stockholders' equity $ 17,588 $ 16,980