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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,213 $ 1,066
Receivables    
Commissions and fees 4,636 3,984
Advanced premiums and claims 126 79
Other 575 366
Gross receivables 5,337 4,429
Less-allowance for doubtful accounts and cancellations (139) (112)
Net receivables 5,198 4,317
Other current assets 645 551
Total current assets 7,056 5,934
Goodwill 14,286 9,599
Other intangible assets 2,869 1,437
Fixed assets (net of accumulated depreciation and amortization of $1,944 at September 30, 2019 and $1,842 at December 31, 2018) 816 701
Pension related assets 1,857 1,688
Right of use assets 1,957 0
Deferred tax assets 603 680
Other assets 1,653 1,539
Total assets 31,097 21,578
Current liabilities:    
Short-term debt 1,139 314
Accounts payable and accrued liabilities 2,479 2,234
Accrued compensation and employee benefits 1,762 1,778
Acquisition related derivatives 0 441
Current lease liabilities 341 0
Accrued income taxes 251 157
Dividends payable 232 0
Total current liabilities 6,204 4,924
Fiduciary liabilities 7,547 5,001
Less – cash and investments held in a fiduciary capacity (7,547) (5,001)
Net fiduciary assets 0 0
Long-term debt 11,429 5,510
Pension, post-retirement and post-employment benefits 1,998 1,911
Long-term lease liabilities 1,957 0
Liabilities for errors and omissions 324 287
Other liabilities 1,388 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 June 30, 2019 and December 31, 2018 561 561
Additional paid-in capital 796 817
Retained earnings 14,811 14,347
Accumulated other comprehensive loss (4,931) (4,647)
Non-controlling interests 177 73
Stockholders' equity before treasury stock 11,414 11,151
Less – treasury shares, at cost, 55,643,998 shares at September 30, 2019 and 56,804,468 shares at December 31, 2018 (3,617) (3,567)
Total equity 7,797 7,584
Total liabilities and stockholders' equity $ 31,097 $ 21,578