Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 1,711	$ 1,155
Receivables
Commissions and fees	5,045	4,608
Advanced premiums and claims	111	123
Other	635	645
Gross receivables	5,791	5,376
Less-allowance for credit losses	(144)	(140)
Net receivables	5,647	5,236
Other current assets	739	677
Total current assets	8,097	7,068
Goodwill	14,797	14,671
Other intangible assets	2,761	2,774
Fixed assets (net of accumulated depreciation and amortization of $2,052 at June 30, 2020 and $2,001 at December 31, 2019)	866	858
Pension related assets	1,672	1,632
Right of use assets	1,882	1,921
Deferred tax assets	618	676
Other assets	1,476	1,757
Total assets	32,169	31,357
Current liabilities:
Short-term debt	1,216	1,215
Accounts payable and accrued liabilities	2,668	2,746
Accrued compensation and employee benefits	1,345	2,197
Current lease liabilities	332	342
Accrued income taxes	367	179
Total current liabilities	5,928	6,679
Fiduciary liabilities	7,441	7,344
Less – cash and investments held in a fiduciary capacity	(7,441)	(7,344)
Net fiduciary assets	0	0
Long-term debt	11,985	10,741
Pension, post-retirement and post-employment benefits	2,197	2,336
Long-term lease liabilities	1,902	1,926
Liabilities for errors and omissions	350	335
Other liabilities	1,415	1,397
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, 2020 and December 31, 2019	561	561
Additional paid-in capital	814	862
Retained earnings	16,060	15,199
Accumulated other comprehensive loss	(5,582)	(5,055)
Non-controlling interests	166	150
Stockholders' equity before treasury stock	12,019	11,717
Less – treasury shares, at cost, 54,263,059 shares at June 30, 2020 and 57,013,097 shares at December 31, 2019	(3,627)	(3,774)
Total equity	8,392	7,943
Total liabilities and stockholders' equity	$ 32,169	$ 31,357