XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,398 $ 2,089
Receivables    
Commissions and fees 5,190 4,679
Advanced premiums and claims 120 112
Other 475 677
Gross receivables 5,785 5,468
Less-allowance for credit losses (161) (142)
Net receivables 5,624 5,326
Other current assets 855 740
Total current assets 7,877 8,155
Goodwill 15,648 15,517
Other intangible assets 2,587 2,699
Fixed assets (net of accumulated depreciation and amortization of $2,327 at September 30, 2021 and $2,159 at December 31, 2020) 824 856
Pension related assets 1,935 1,768
Right of use assets 1,899 1,894
Deferred tax assets 692 702
Other assets 1,520 1,458
Total assets 32,982 33,049
Current liabilities:    
Short-term debt 516 517
Accounts payable and accrued liabilities 2,833 3,050
Accrued compensation and employee benefits 2,365 2,400
Current lease liabilities 339 342
Accrued income taxes 333 247
Dividends payable 273 0
Total current liabilities 6,659 6,556
Fiduciary liabilities 10,408 8,585
Less – cash and investments held in a fiduciary capacity (10,408) (8,585)
Net fiduciary liabilities 0 0
Long-term debt 10,228 10,796
Pension, post-retirement and post-employment benefits 2,387 2,662
Long-term lease liabilities 1,900 1,924
Liabilities for errors and omissions 356 366
Other liabilities 1,564 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 September 30, 2021 and December 31, 2020 561 561
Additional paid-in capital 1,034 943
Retained earnings 17,589 16,272
Accumulated other comprehensive loss (5,345) (5,110)
Non-controlling interests 154 156
Stockholders' equity before treasury stock 13,993 12,822
Less – treasury shares, at cost, 55,175,963 shares at September 30, 2021 and 52,914,550 shares at December 31, 2020 (4,105) (3,562)
Total equity 9,888 9,260
Total liabilities and stockholders' equity $ 32,982 $ 33,049