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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 2,089 $ 1,155
Receivables    
Commissions and fees 4,679 4,608
Advanced premiums and claims 112 123
Other 677 645
Gross receivables 5,468 5,376
Less-allowance for credit losses (142) (140)
Net receivables 5,326 5,236
Other current assets 740 677
Total current assets 8,155 7,068
Goodwill 15,517 14,671
Other intangible assets 2,699 2,774
Fixed assets, net 856 858
Pension related assets 1,768 1,632
Right of use assets 1,894 1,921
Deferred tax assets 702 676
Other assets 1,458 1,757
Total assets 33,049 31,357
Current liabilities:    
Short-term debt 517 1,215
Accounts payable and accrued liabilities 3,050 2,746
Accrued compensation and employee benefits 2,400 2,197
Current lease liabilities 342 342
Accrued income taxes 247 179
Total current liabilities 6,556 6,679
Fiduciary liabilities 8,585 7,344
Less – cash and investments held in a fiduciary capacity (8,585) (7,344)
Fiduciary liabilities, net, noncurrent 0 0
Long-term debt 10,796 10,741
Pension, postretirement and postemployment benefits 2,662 2,336
Long-term lease liabilities 1,924 1,926
Liability for errors and omissions 366 335
Other liabilities 1,485 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 December 31, 2020 and December 31, 2019 561 561
Additional paid-in capital 943 862
Retained earnings 16,272 15,199
Accumulated other comprehensive loss (5,110) (5,055)
Non-controlling interests 156 150
Stockholders Equity Subtotal Before Treasury Stock 12,822 11,717
Less – treasury shares, at cost, 52,914,550 shares at December 31, 2020 and 57,013,097 shares at December 31, 2019 (3,562) (3,774)
Total equity 9,260 7,943
Total liabilities and stockholders' equity $ 33,049 $ 31,357