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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,120 $ 2,089
Receivables    
Commissions and fees 5,032 4,679
Advanced premiums and claims 119 112
Other 592 677
Gross receivables 5,743 5,468
Less-allowance for credit losses (146) (142)
Net receivables 5,597 5,326
Other current assets 832 740
Total current assets 7,549 8,155
Goodwill 15,458 15,517
Other intangible assets 2,603 2,699
Fixed assets (net of accumulated depreciation and amortization of $2,197 at March 31, 2021 and $2,159 at December 31, 2020) 830 856
Pension related assets 1,823 1,768
Right of use assets 1,824 1,894
Deferred tax assets 704 702
Other assets 1,482 1,458
Total assets 32,273 33,049
Current liabilities:    
Short-term debt 1,015 517
Accounts payable and accrued liabilities 2,940 3,050
Accrued compensation and employee benefits 1,220 2,400
Current lease liabilities 342 342
Accrued income taxes 368 247
Dividends payable 238 0
Total current liabilities 6,123 6,556
Fiduciary liabilities 8,782 8,585
Less – cash and investments held in a fiduciary capacity (8,782) (8,585)
Net fiduciary assets 0 0
Long-term debt 10,242 10,796
Pension, post-retirement and post-employment benefits 2,594 2,662
Long-term lease liabilities 1,850 1,924
Liabilities for errors and omissions 354 366
Other liabilities 1,514 1,485
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 March 31, 2021 and December 31, 2020 561 561
Additional paid-in capital 851 943
Retained earnings 16,780 16,272
Accumulated other comprehensive loss (5,197) (5,110)
Non-controlling interests 162 156
Stockholders' equity before treasury stock 13,157 12,822
Less – treasury shares, at cost, 51,871,847 shares at March 31, 2021 and 52,914,550 shares at December 31, 2020 (3,561) (3,562)
Total equity 9,596 9,260
Total liabilities and stockholders' equity $ 32,273 $ 33,049