Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 1,117	$ 1,066
Receivables
Commissions and fees	4,315	3,984
Advanced premiums and claims	59	79
Other	372	366
Gross receivables	4,746	4,429
Less-allowance for doubtful accounts and cancellations	(116)	(112)
Net receivables	4,630	4,317
Funds held in escrow for acquisition	6,359	0
Other current assets	569	551
Total current assets	12,675	5,934
Goodwill	9,739	9,599
Other intangible assets	1,464	1,437
Fixed assets (net of accumulated depreciation and amortization of $1,889 at March 31, 2019 and $1,842 at December 31, 2018)	716	701
Pension related assets	1,815	1,688
Right of use assets	1,625	0
Deferred tax assets	680	680
Other assets	1,423	1,539
Total assets	30,137	21,578
Current liabilities:
Short-term debt	1,562	314
Accounts payable and accrued liabilities	2,244	2,234
Accrued compensation and employee benefits	892	1,778
Acquisition related derivatives	283	441
Current lease liabilities	291	0
Accrued income taxes	256	157
Dividends payable	211	0
Total current liabilities	5,739	4,924
Fiduciary liabilities	5,243	5,001
Less – cash and investments held in a fiduciary capacity	(5,243)	(5,001)
Net fiduciary assets	0	0
Long-term debt	11,472	5,510
Pension, post-retirement and post-employment benefits	1,874	1,911
Long-term lease liability	1,590	0
Liabilities for errors and omissions	282	287
Other liabilities	1,194	1,362
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, 2019 and December 31, 2018	561	561
Additional paid-in capital	681	817
Retained earnings	14,642	14,347
Accumulated other comprehensive loss	(4,590)	(4,647)
Non-controlling interests	77	73
Stockholders' equity before treasury stock	11,371	11,151
Less – treasury shares, at cost, 53,623,897 shares at March 31, 2019 and 56,804,468 shares at December 31, 2018	(3,385)	(3,567)
Total equity	7,986	7,584
Total liabilities and stockholders' equity	$ 30,137	$ 21,578