Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 1,066	$ 1,205
Receivables
Commissions and fees	3,984	3,777
Advanced premiums and claims	79	65
Other	366	401
Gross receivables	4,429	4,243
Less-allowance for doubtful accounts and cancellations	(112)	(110)
Net receivables	4,317	4,133
Other current assets	551	224
Total current assets	5,934	5,562
Goodwill	9,599	9,089
Other intangible assets	1,437	1,274
Fixed assets, net	701	712
Pension related assets	1,688	1,693
Deferred tax assets	680	669
Other assets	1,539	1,430
Total assets	21,578	20,429
Current liabilities:
Short-term debt	314	262
Accounts payable and accrued liabilities	2,234	2,083
Accrued compensation and employee benefits	1,778	1,718
Acquisition related derivatives	441	0
Accrued income taxes	157	199
Total current liabilities	4,924	4,262
Fiduciary liabilities	5,001	4,847
Less – cash and investments held in a fiduciary capacity	(5,001)	(4,847)
Fiduciary liabilities, net, noncurrent	0	0
Long-term debt	5,510	5,225
Pension, postretirement and postemployment benefits	1,911	1,888
Liability for errors and omissions	287	301
Other liabilities	1,362	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 December 31, 2018 and December 31, 2017	561	561
Additional paid-in capital	817	784
Retained earnings	14,347	13,140
Accumulated other comprehensive loss	(4,647)	(4,043)
Non-controlling interests	73	83
Stockholders Equity Subtotal Before Treasury Stock	11,151	10,525
Less – treasury shares, at cost, 56,804,468 shares at December 31, 2018 and 51,930,135 shares at December 31, 2017	(3,567)	(3,083)
Total equity	7,584	7,442
Total liabilities and stockholders' equity	$ 21,578	$ 20,429