XML 91 R73.htm IDEA: XBRL DOCUMENT v3.10.0.1
Retirement Benefits (Narrative) (Details)
£ in Millions, $ in Millions
1 Months Ended 12 Months Ended
Jan. 01, 2017
Nov. 30, 2016
GBP (£)
Oct. 31, 2016
Dec. 31, 2018
USD ($)
shares
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Defined Benefit Plan Disclosure [Line Items]            
Market-related plan assets value, recognition period of investment gains and losses       5 years    
Plans with benefit obligations in excess of plan assets, projected benefit obligation       $ 1,700 $ 1,300  
Accumulated benefit obligation       1,600 1,200  
Aggregate fair value of plan assets, accumulated benefit obligation       1,300 1,000  
Projected benefit obligation       1,900 2,200  
Aggregate fair value of plan assets, projected benefit obligation       $ 1,600 1,900  
Employer matching contribution, percent of employees' gross pay (up to) 4.00%   4.00%      
Maximum annual contributions per employee, percent     7.00%      
Health care cost trend rate assumed for next fiscal year       5.09%    
Ultimate assumed health care cost trend rate       4.46%    
Defined Contribution Plan [Abstract]            
ESOP invested in MMC common stock       $ 444 499  
Geographic Concentration Risk | Foreign Pension and Postretirement Benefit Plan, Defined Benefit | Pension Plan            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation percentage for non-U.S. plan assets, U.K. Plans       81.00%    
Foreign Plan | Pension Plan            
Defined Benefit Plan Disclosure [Line Items]            
Settlement charge       $ 42 54  
Estimated future contributions (less than $1 million for U.S. tax-qualified plan)       65    
Pension plan assets       10,306 11,388 $ 10,017
Foreign Plan | Postretirement Benefits            
Defined Benefit Plan Disclosure [Line Items]            
Pension plan assets       $ 0 0 0
Foreign Plan | Equity Funds            
Defined Benefit Plan Disclosure [Line Items]            
Actual plan asset allocations       34.00%    
Foreign Plan | Fixed Income Funds            
Defined Benefit Plan Disclosure [Line Items]            
Actual plan asset allocations       66.00%    
United States Pension and Postretirement Benefit Plan of US Entity, Defined Benefit | Equity Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       64.00%    
United States Pension and Postretirement Benefit Plan of US Entity, Defined Benefit | Fixed Income Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       36.00%    
Foreign Pension and Postretirement Benefit Plan, Defined Benefit | Equity Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       34.00%    
Foreign Pension and Postretirement Benefit Plan, Defined Benefit | Fixed Income Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       66.00%    
United States            
Defined Contribution Plan [Abstract]            
The cost of defined contribution plans       $ 133 130 53
United States | Pension Plan            
Defined Benefit Plan Disclosure [Line Items]            
Plans with benefit obligations in excess of plan assets, projected benefit obligation       5,500 6,200  
Accumulated benefit obligation       5,500 6,200  
Aggregate fair value of plan assets, accumulated benefit obligation       4,100 4,800  
Projected benefit obligation       5,500 6,200  
Pension plan assets       $ 4,062 4,787 4,365
United States | Postretirement Benefits            
Defined Benefit Plan Disclosure [Line Items]            
Number of shares the U.S. qualified plan holds contributed by the Company | shares       4,000,000    
Shares of common stock representing percentage of plan assets       7.90%    
Pension plan assets       $ 1 2 2
United States | Pension and Postretirement Benefit Plan            
Defined Benefit Plan Disclosure [Line Items]            
Health care cost trend rate assumed for next fiscal year       6.19%    
Ultimate assumed health care cost trend rate       4.50%    
Assumed health care cost trend rate       5.00%    
United States | Nonqualified Pension Plan            
Defined Benefit Plan Disclosure [Line Items]            
Estimated future contributions (less than $1 million for U.S. tax-qualified plan)       $ 28    
United States | Equity Funds            
Defined Benefit Plan Disclosure [Line Items]            
Actual plan asset allocations       62.00%    
United States | Fixed Income Funds            
Defined Benefit Plan Disclosure [Line Items]            
Actual plan asset allocations       38.00%    
United Kingdom            
Defined Contribution Plan [Abstract]            
The cost of defined contribution plans       $ 80 $ 75 $ 81
Minimum | United States Pension and Postretirement Benefit Plan of US Entity, Defined Benefit | Equity Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       59.00%    
Minimum | United States Pension and Postretirement Benefit Plan of US Entity, Defined Benefit | Fixed Income Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       31.00%    
Minimum | Foreign Pension and Postretirement Benefit Plan, Defined Benefit | Equity Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       31.00%    
Minimum | Foreign Pension and Postretirement Benefit Plan, Defined Benefit | Fixed Income Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       63.00%    
Maximum | United States Pension and Postretirement Benefit Plan of US Entity, Defined Benefit | Equity Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       69.00%    
Maximum | United States Pension and Postretirement Benefit Plan of US Entity, Defined Benefit | Fixed Income Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       41.00%    
Maximum | Foreign Pension and Postretirement Benefit Plan, Defined Benefit | Equity Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       37.00%    
Maximum | Foreign Pension and Postretirement Benefit Plan, Defined Benefit | Fixed Income Funds            
Defined Benefit Plan Disclosure [Line Items]            
Target asset allocation       69.00%    
Pension Plan Funded Status Guarantee | Foreign Plan            
Defined Benefit Plan Disclosure [Line Items]            
Maximum exposure under guarantee (up to) | £   £ 450        
Guarantor obligation, period   7 years