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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 772 $ 1,752
Receivables    
Commissions and fees 5,503 5,093
Advanced premiums and claims 139 136
Other 494 523
Gross receivables 6,136 5,752
Less-allowance for credit losses (173) (166)
Net receivables 5,963 5,586
Other current assets 1,053 926
Total current assets 7,788 8,264
Goodwill 16,254 16,317
Other intangible assets 2,720 2,810
Fixed assets (net of accumulated depreciation and amortization of $1,679 at March 31, 2022 and $1,589 at December 31, 2021) 865 847
Pension related assets 2,246 2,270
Right of use assets 1,825 1,868
Deferred tax assets 530 551
Other assets 1,460 1,461
Total assets 33,688 34,388
Current liabilities:    
Short-term debt 1,191 17
Accounts payable and accrued liabilities 3,084 3,165
Accrued compensation and employee benefits 1,400 2,942
Current lease liabilities 331 332
Accrued income taxes 308 198
Dividends payable 273 0
Total current liabilities 6,587 6,654
Fiduciary liabilities 10,461 9,622
Less – cash and cash equivalents held in a fiduciary capacity (10,461) (9,622)
Net fiduciary liabilities 0 0
Long-term debt 10,552 10,933
Pension, post-retirement and post-employment benefits 1,515 1,632
Long-term lease liabilities 1,831 1,880
Liabilities for errors and omissions 352 355
Other liabilities 1,695 1,712
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, 2022 and December 31, 2021 561 561
Additional paid-in capital 1,026 1,112
Retained earnings 18,916 18,389
Accumulated other comprehensive loss (4,679) (4,575)
Non-controlling interests 219 213
Stockholders' equity before treasury stock 16,043 15,700
Less – treasury shares, at cost, 58,524,983 shares at March 31, 2022 and 57,105,619 shares at December 31, 2021 (4,887) (4,478)
Total equity 11,156 11,222
Total liabilities and stockholders' equity $ 33,688 $ 34,388