Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 918	$ 1,374
Receivables
Commissions and fees	3,357	3,198
Advanced premiums and claims	60	51
Other	318	309
Gross receivables	3,735	3,558
Less-allowance for doubtful accounts and cancellations	(88)	(87)
Net receivables	3,647	3,471
Other current assets	233	199
Total current assets	4,798	5,044
Goodwill	7,950	7,889
Other intangible assets	1,035	1,036
Fixed assets (net of accumulated depreciation and amortization of $1,651 at March 31, 2016 and $1,621 at December 31, 2015)	757	773
Pension related assets	1,181	1,159
Deferred tax assets	1,117	1,138
Other assets	1,290	1,177
Total assets	18,128	18,216
Current liabilities:
Short-term debt	265	12
Accounts payable and accrued liabilities	1,879	1,886
Accrued compensation and employee benefits	724	1,656
Accrued income taxes	128	154
Dividends payable	163	0
Total current liabilities	3,159	3,708
Fiduciary liabilities	4,501	4,146
Less – cash and investments held in a fiduciary capacity	(4,501)	(4,146)
Net fiduciary assets	0	0
Long-term debt	4,748	4,402
Pension, post-retirement and post-employment benefits	2,042	2,058
Liabilities for errors and omissions	319	318
Other liabilities	1,089	1,128
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 March 31, 2016 and December 31, 2015	561	561
Additional paid-in capital	777	861
Retained earnings	11,460	11,302
Accumulated other comprehensive loss	(4,097)	(4,220)
Non-controlling interests	92	89
Stockholders' equity before treasury stock	8,793	8,593
Less – treasury shares, at cost, 39,120,576 shares at March 31, 2016 and 38,743,686 shares at December 31, 2015	(2,022)	(1,991)
Total equity	6,771	6,602
Total liabilities and stockholders' equity	$ 18,128	$ 18,216