XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 951 $ 1,205
Receivables    
Commissions and fees 4,077 3,777
Advanced premiums and claims 56 65
Other 467 401
Gross receivables 4,600 4,243
Less-allowance for doubtful accounts and cancellations (124) (110)
Net receivables 4,476 4,133
Other current assets 539 224
Total current assets 5,966 5,562
Goodwill 9,435 9,089
Other intangible assets 1,329 1,274
Fixed assets (net of accumulated depreciation and amortization of $1,863 at September 30, 2018 and $1,826 at December 31, 2017) 707 712
Pension related assets 1,814 1,693
Deferred tax assets 497 669
Other assets 1,381 1,430
Total assets 21,129 20,429
Current liabilities:    
Short-term debt 638 262
Accounts payable and accrued liabilities 2,293 2,083
Accrued compensation and employee benefits 1,406 1,718
Accrued income taxes 179 199
Dividends payable 211 0
Total current liabilities 4,727 4,262
Fiduciary liabilities 5,185 4,847
Less – cash and investments held in a fiduciary capacity (5,185) (4,847)
Net fiduciary assets 0 0
Long-term debt 5,512 5,225
Pension, post-retirement and post-employment benefits 1,727 1,888
Liabilities for errors and omissions 303 301
Other liabilities 1,322 1,311
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, 2018 and December 31, 2017 561 561
Additional paid-in capital 771 784
Retained earnings 14,196 13,140
Accumulated other comprehensive loss (4,488) (4,043)
Non-controlling interests 85 83
Stockholders' equity before treasury stock 11,125 10,525
Less – treasury shares, at cost, 57,107,062 shares at September 30, 2018 and 51,930,135 shares at December 31, 2017 (3,587) (3,083)
Total equity 7,538 7,442
Total liabilities and stockholders' equity $ 21,129 $ 20,429