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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Selected information and details for MMC's operating segments
Selected information about the Company’s segments and geographic areas of operation are as follows:
For the Year Ended December 31, (In millions of dollars)
Revenue

 
Operating
Income
(Loss)
 
Total
Assets
 
Depreciation
and
Amortization
 
Capital
Expenditures
2019 –
 
 
 
 
 
 
 
 
 
Risk and Insurance Services
$
9,599

(a) 
$
1,833

 
$
26,098

(d) 
$
416

 
$
184

Consulting
7,143

(b) 
1,210

 
9,722

(e)
156

 
150

Total Segments
16,742

 
3,043

 
35,820

 
572

 
334

Corporate/Eliminations
(90
)
 
(366
)
 
(4,463
)
(c) 
75

 
87

Total Consolidated
$
16,652

 
$
2,677

 
$
31,357

 
$
647

 
$
421

2018 –
 
 
 
 
 
 
 
 
 
Risk and Insurance Services
$
8,228

(a) 
$
1,864

 
$
15,868

(d) 
$
290

 
$
158

Consulting
6,779

(b) 
1,099

 
8,003

(e)
130

 
97

Total Segments
15,007

 
2,963

 
23,871

 
420

 
255

Corporate/Eliminations
(57
)
 
(202
)
 
(2,293
)
(c) 
74

 
59

Total Consolidated
$
14,950

 
$
2,761

 
$
21,578

 
$
494

 
$
314

2017 –
 
 
 
 
 
 
 
 
 
Risk and Insurance Services
$
7,630

(a) 
$
1,731

 
$
16,490

(d) 
$
282

 
$
139

Consulting
6,444

(b) 
1,110

 
8,200

(e)
129

 
88

Total Segments
14,074

 
2,841

 
24,690

 
411

 
227

Corporate/Eliminations
(50
)
 
(186
)
 
(4,261
)
(c) 
70

 
75

Total Consolidated
$
14,024

 
$
2,655

 
$
20,429

 
$
481

 
$
302

(a)
Includes inter-segment revenue of $8 million, $6 million and $5 million in 2019, 2018 and 2017, respectively, interest income on fiduciary funds of $105 million, $65 million and $39 million in 2019, 2018 and 2017, respectively, and equity method income of $25 million, $13 million and $14 million in 2019, 2018 and 2017, respectively and $40 million related to the sale of business in 2018.
(b)
Includes inter-segment revenue of $82 million, $51 million and $45 million in 2019, 2018 and 2017, respectively, interest income on fiduciary funds of $4 million, $3 million and $4 million in 2019, 2018 and 2017, respectively, and equity method income of $16 million, $8 million and $17 million in 2019, 2018 and 2017, respectively.
(c)
Corporate assets primarily include insurance recoverables, pension related assets, the owned portion of the Company headquarters building and intercompany eliminations.
(d)
Includes equity method investments of $179 million, $57 million and $60 million at December 31, 2019, 2018 and 2017, respectively.
(e)
Includes equity method investments of $149 million, $148 million and $269 million at December 31, 2019, 2018 and 2017, respectively.
Details of operating segment revenue
Details of operating segment revenue are as follows:  
For the Years Ended December 31,
(In millions of dollars)
2019

 
2018

 
2017

Risk and Insurance Services
 
 
 
 
 
Marsh
$
8,085

 
$
6,923

 
$
6,433

Guy Carpenter
1,514

 
1,305

 
1,197

Total Risk and Insurance Services
9,599

 
8,228

 
7,630

Consulting
 
 
 
 
 
Mercer
5,021

 
4,732

 
4,528

Oliver Wyman Group
2,122

 
2,047

 
1,916

Total Consulting
7,143

 
6,779

 
6,444

Total Segments
16,742

 
15,007

 
14,074

Corporate/Eliminations
(90
)
 
(57
)
 
(50
)
Total
$
16,652

 
$
14,950

 
$
14,024
Information by geographic area
Information by geographic area is as follows: 
For the Years Ended December 31,
(In millions of dollars)
2019

 
2018

 
2017

Revenue
 
 
 
 
 
United States
$
7,840

 
$
7,219

 
$
6,870

United Kingdom
2,679

 
2,243

 
2,112

Continental Europe
2,837

 
2,694

 
2,197

Asia Pacific
2,001

 
1,616

 
1,517

Other
1,385

 
1,235

 
1,378

 
16,742

 
15,007

 
14,074

Corporate/Eliminations
(90
)
 
(57
)
 
(50
)
Total
$
16,652

 
$
14,950

 
$
14,024

For the Years Ended December 31,
(In millions of dollars)
2019

 
2018

 
2017

Fixed Assets, Net
 
 
 
 
 
United States
$
462

 
$
403

 
$
399

United Kingdom
149

 
91

 
91

Continental Europe
68

 
59

 
57

Asia Pacific
101

 
74

 
78

Other
78

 
74

 
87

Total
$
858

 
$
701

 
$
712