Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 930	$ 1,026
Receivables
Commissions and fees	3,564	3,370
Advanced premiums and claims	53	83
Other	278	286
Gross receivables	3,895	3,739
Less-allowance for doubtful accounts and cancellations	(100)	(96)
Net receivables	3,795	3,643
Other current assets	256	215
Total current assets	4,981	4,884
Goodwill	8,769	8,369
Other intangible assets	1,291	1,126
Fixed assets (net of accumulated depreciation and amortization of $1,729 at March 31, 2017 and $1,683 at December 31, 2016)	722	725
Pension related assets	872	776
Deferred tax assets	1,009	1,097
Other assets	1,325	1,213
Total assets	18,969	18,190
Current liabilities:
Short-term debt	412	312
Accounts payable and accrued liabilities	2,033	1,969
Accrued compensation and employee benefits	765	1,655
Accrued income taxes	202	146
Dividends payable	176	0
Total current liabilities	3,588	4,082
Fiduciary liabilities	4,601	4,241
Less – cash and investments held in a fiduciary capacity	(4,601)	(4,241)
Net fiduciary assets	0	0
Long-term debt	5,479	4,495
Pension, post-retirement and post-employment benefits	2,025	2,076
Liabilities for errors and omissions	300	308
Other liabilities	958	957
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, 2017 and December 31, 2016	561	561
Additional paid-in capital	733	842
Retained earnings	12,606	12,388
Accumulated other comprehensive loss	(4,837)	(5,093)
Non-controlling interests	87	80
Stockholders' equity before treasury stock	9,150	8,778
Less – treasury shares, at cost, 45,617,551 shares at March 31, 2017 and 46,150,415 shares at December 31, 2016	(2,531)	(2,506)
Total equity	6,619	6,272
Total liabilities and stockholders' equity	$ 18,969	$ 18,190