Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 1,155	$ 1,066
Receivables
Commissions and fees	4,608	3,984
Advanced premiums and claims	123	79
Other	645	366
Gross receivables	5,376	4,429
Less-allowance for doubtful accounts and cancellations	(140)	(112)
Net receivables	5,236	4,317
Other current assets	677	551
Total current assets	7,068	5,934
Goodwill	14,671	9,599
Other intangible assets	2,774	1,437
Fixed assets, net	858	701
Pension related assets	1,632	1,688
Right of use assets	1,921
Deferred tax assets	676	680
Other assets	1,757	1,539
Total assets	31,357	21,578
Current liabilities:
Short-term debt	1,215	314
Accounts payable and accrued liabilities	2,746	2,234
Accrued compensation and employee benefits	2,197	1,778
Acquisition related derivatives	0	441
Current lease liabilities	342
Accrued income taxes	179	157
Total current liabilities	6,679	4,924
Fiduciary liabilities	7,344	5,001
Less – cash and investments held in a fiduciary capacity	(7,344)	(5,001)
Fiduciary liabilities, net, noncurrent	0	0
Long-term debt	10,741	5,510
Pension, postretirement and postemployment benefits	2,336	1,911
Long-term lease liabilities	1,926
Liability for errors and omissions	335	287
Other liabilities	1,397	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 December 31, 2018 and December 31, 2017	561	561
Additional paid-in capital	862	817
Retained earnings	15,199	14,347
Accumulated other comprehensive loss	(5,055)	(4,647)
Non-controlling interests	150	73
Stockholders Equity Subtotal Before Treasury Stock	11,717	11,151
Less – treasury shares, at cost, 57,013,097 shares at December 31, 2019 and 56,804,468 shares at December 31, 2018	(3,774)	(3,567)
Total equity	7,943	7,584
Total liabilities and stockholders' equity	$ 31,357	$ 21,578