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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 930 $ 1,958
Receivables    
Commissions and fees 3,404 3,142
Advanced premiums and claims 54 50
Other 297 280
Gross receivables 3,755 3,472
Less-allowance for doubtful accounts and cancellations (96) (95)
Net receivables 3,659 3,377
Current deferred tax assets 475 521
Other current assets 235 199
Total current assets 5,299 6,055
Goodwill and intangible assets 8,155 7,933
Fixed assets (net of accumulated depreciation and amortization of $1,663 at June 30, 2015 and $1,639 at December 31, 2014) 807 809
Pension related assets 1,148 967
Deferred tax assets 785 876
Other assets 1,219 1,200
Total assets 17,413 17,840
Current liabilities:    
Short-term debt 111 11
Accounts payable and accrued liabilities 1,748 1,883
Accrued compensation and employee benefits 974 1,633
Accrued income taxes 209 178
Dividends payable 166 0
Total current liabilities 3,208 3,705
Fiduciary liabilities 4,869 4,552
Less – cash and investments held in a fiduciary capacity (4,869) (4,552)
Net fiduciary assets 0 0
Long-term debt 3,825 3,376
Pension, post-retirement and post-employment benefits 2,072 2,244
Liabilities for errors and omissions 357 341
Other liabilities 1,079 1,041
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 June 30, 2015 and December 31, 2014 561 561
Additional paid-in capital 842 930
Retained earnings 10,768 10,335
Accumulated other comprehensive loss (3,923) (3,847)
Non-controlling interests 89 79
Stockholders' equity before treasury stock 8,337 8,058
Less – treasury shares, at cost, 29,276,148 shares at June 30, 2015 and 20,499,596 shares at December 31, 2014 (1,465) (925)
Total equity 6,872 7,133
Total liabilities and stockholders' equity $ 17,413 $ 17,840