XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 888 $ 2,089
Receivables    
Commissions and fees 5,359 4,679
Advanced premiums and claims 113 112
Other 515 677
Gross receivables 5,987 5,468
Less-allowance for credit losses (148) (142)
Net receivables 5,839 5,326
Other current assets 846 740
Total current assets 7,573 8,155
Goodwill 15,775 15,517
Other intangible assets 2,717 2,699
Fixed assets (net of accumulated depreciation and amortization of $2,317 at June 30, 2021 and $2,159 at December 31, 2020) 816 856
Pension related assets 1,911 1,768
Right of use assets 1,983 1,894
Deferred tax assets 669 702
Other assets 1,509 1,458
Total assets 32,953 33,049
Current liabilities:    
Short-term debt 516 517
Accounts payable and accrued liabilities 2,830 3,050
Accrued compensation and employee benefits 1,775 2,400
Current lease liabilities 342 342
Accrued income taxes 353 247
Total current liabilities 5,816 6,556
Fiduciary liabilities 9,936 8,585
Less – cash and investments held in a fiduciary capacity (9,936) (8,585)
Net fiduciary liabilities 0 0
Long-term debt 10,257 10,796
Pension, post-retirement and post-employment benefits 2,539 2,662
Long-term lease liabilities 1,992 1,924
Liabilities for errors and omissions 365 366
Other liabilities 1,720 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 June 30, 2021 and December 31, 2020 561 561
Additional paid-in capital 945 943
Retained earnings 17,597 16,272
Accumulated other comprehensive loss (5,153) (5,110)
Non-controlling interests 156 156
Stockholders' equity before treasury stock 14,106 12,822
Less – treasury shares, at cost, 53,676,347 shares at June 30, 2021 and 52,914,550 shares at December 31, 2020 (3,842) (3,562)
Total equity 10,264 9,260
Total liabilities and stockholders' equity $ 32,953 $ 33,049