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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,649 $ 2,303
Receivables    
Commissions and fees 3,266 3,065
Advanced premiums and claims 77 61
Other 258 282
Gross receivables 3,601 3,408
Less-allowance for doubtful accounts and cancellations (105) (98)
Net receivables 3,496 3,310
Current deferred tax assets 478 482
Other current assets 229 205
Total current assets 6,852 6,300
Goodwill and intangible assets 7,814 7,365
Fixed assets (net of accumulated depreciation and amortization of $1,655 at September 30, 2014 and $1,597 at December 31, 2013) 822 828
Pension related assets 1,007 979
Deferred tax assets 516 626
Other assets 976 882
Total assets 17,987 16,980
Current liabilities:    
Short-term debt 640 334
Accounts payable and accrued liabilities 1,800 1,861
Accrued compensation and employee benefits 1,338 1,466
Accrued income taxes 199 148
Dividends payable 153 0
Total current liabilities 4,130 3,809
Fiduciary liabilities 4,871 4,234
Less – cash and investments held in a fiduciary capacity (4,871) (4,234)
Net fiduciary assets 0 0
Long-term debt 3,379 2,621
Pension, post-retirement and post-employment benefits 1,094 1,150
Liabilities for errors and omissions 355 373
Other liabilities 1,114 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 September 30, 2014 and December 31, 2013 561 561
Additional paid-in capital 922 1,028
Retained earnings 10,042 9,452
Accumulated other comprehensive loss (2,895) (2,621)
Non-controlling interests 82 70
Stockholders' equity before treasury stock 8,712 8,490
Less – treasury shares, at cost, 18,346,142 shares at September 30, 2014 and 13,882,204 shares at December 31, 2013 (797) (515)
Total equity 7,915 7,975
Total liabilities and stockholders' equity $ 17,987 $ 16,980