Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 1,026	$ 1,374
Receivables
Commissions and fees	3,370	3,198
Advanced premiums and claims	83	51
Other	286	309
Gross receivables	3,739	3,558
Less-allowance for doubtful accounts and cancellations	(96)	(87)
Net receivables	3,643	3,471
Other current assets	215	199
Total current assets	4,884	5,044
Goodwill	8,369	7,889
Other intangible assets	1,126	1,036
Fixed assets, net	725	773
Pension related assets	776	1,159
Deferred tax assets	1,097	1,138
Other assets	1,213	1,177
Total assets	18,190	18,216
Current liabilities:
Short-term debt	312	12
Accounts payable and accrued liabilities	1,969	1,886
Accrued compensation and employee benefits	1,655	1,656
Accrued income taxes	146	154
Total current liabilities	4,082	3,708
Fiduciary liabilities	4,241	4,146
Less – cash and investments held in a fiduciary capacity	(4,241)	(4,146)
Fiduciary liabilities, net, noncurrent	0	0
Long-term debt	4,495	4,402
Pension, postretirement and postemployment benefits	2,076	2,058
Liability for errors and omissions	308	318
Other liabilities	957	1,128
Commitments and contingencies	0	0
Equity:
Preferred stock, $1 par value, authorized 6,000,000 shares, none issued	0	0
1,600,000,000 shares, issued 560,641,640 shares at December 31, 2016 and December 31, 2015	561	561
Additional paid-in capital	842	861
Retained earnings	12,388	11,302
Accumulated other comprehensive loss	(5,093)	(4,220)
Non-controlling interests	80	89
Stockholders Equity Subtotal Before Treasury Stock	8,778	8,593
Less – treasury shares, at cost, 46,150,415 shares at December 31, 2016 and 38,743,686 shares at December 31, 2015	(2,506)	(1,991)
Total equity	6,272	6,602
Total liabilities and stockholders' equity	$ 18,190	$ 18,216