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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,078 $ 1,026
Receivables    
Commissions and fees 3,651 3,370
Advanced premiums and claims 52 83
Other 311 286
Gross receivables 4,014 3,739
Less-allowance for doubtful accounts and cancellations (105) (96)
Net receivables 3,909 3,643
Other current assets 228 215
Total current assets 5,215 4,884
Goodwill 9,100 8,369
Other intangible assets 1,320 1,126
Fixed assets (net of accumulated depreciation and amortization of $1,822 at September 30, 2017 and $1,683 at December 31, 2016) 728 725
Pension related assets 1,155 776
Deferred tax assets 947 1,097
Other assets 1,225 1,213
Total assets 19,690 18,190
Current liabilities:    
Short-term debt 13 312
Accounts payable and accrued liabilities 2,002 1,969
Accrued compensation and employee benefits 1,377 1,655
Accrued income taxes 229 146
Dividends payable 193 0
Total current liabilities 3,814 4,082
Fiduciary liabilities 5,128 4,241
Less – cash and investments held in a fiduciary capacity (5,128) (4,241)
Net fiduciary assets 0 0
Long-term debt 5,475 4,495
Pension, post-retirement and post-employment benefits 1,948 2,076
Liabilities for errors and omissions 316 308
Other liabilities 1,006 957
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 September 30, 2017 and December 31, 2016 561 561
Additional paid-in capital 783 842
Retained earnings 13,113 12,388
Accumulated other comprehensive loss (4,560) (5,093)
Non-controlling interests 85 80
Stockholders' equity before treasury stock 9,982 8,778
Less – treasury shares, at cost, 49,484,693 shares at September 30, 2017 and 46,150,415 shares at December 31, 2016 (2,851) (2,506)
Total equity 7,131 6,272
Total liabilities and stockholders' equity $ 19,690 $ 18,190