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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,752 $ 2,089
Receivables    
Commissions and fees 5,093 4,679
Advanced premiums and claims 136 112
Other 523 677
Gross receivables 5,752 5,468
Less-allowance for credit losses (166) (142)
Net receivables 5,586 5,326
Other current assets 926 740
Total current assets 8,264 8,155
Goodwill 16,317 15,517
Other intangible assets 2,810 2,699
Fixed assets, net 847 856
Pension related assets 2,270 1,768
Right of use assets 1,868 1,894
Deferred tax assets 551 702
Other assets 1,461 1,458
Total assets 34,388 33,049
Current liabilities:    
Short-term debt 17 517
Accounts payable and accrued liabilities 3,165 3,050
Accrued compensation and employee benefits 2,942 2,400
Current lease liabilities 332 342
Accrued income taxes 198 247
Total current liabilities 6,654 6,556
Fiduciary liabilities 9,622 8,585
Less - cash and cash equivalents held in a fiduciary capacity (9,622) (8,585)
Fiduciary liabilities, net, noncurrent 0 0
Long-term debt 10,933 10,796
Pension, postretirement and postemployment benefits 1,632 2,662
Long-term lease liabilities 1,880 1,924
Liability for errors and omissions 355 366
Other liabilities 1,712 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 December 31, 2020 and December 31, 2019 561 561
Additional paid-in capital 1,112 943
Retained earnings 18,389 16,272
Accumulated other comprehensive loss (4,575) (5,110)
Non-controlling interests 213 156
Stockholders Equity Subtotal Before Treasury Stock 15,700 12,822
Less – treasury shares, at cost, 57,105,619 shares at December 31, 2021 and 52,914,550 shares at December 31, 2020 (4,478) (3,562)
Total equity 11,222 9,260
Total liabilities and stockholders' equity $ 34,388 $ 33,049