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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 909 $ 1,752
Receivables    
Commissions and fees 5,775 5,093
Advanced premiums and claims 118 136
Other 560 523
Gross receivables 6,453 5,752
Less-allowance for credit losses (167) (166)
Net receivables 6,286 5,586
Other current assets 974 926
Total current assets 8,169 8,264
Goodwill 15,963 16,317
Other intangible assets 2,538 2,810
Fixed assets (net of accumulated depreciation and amortization of $1,673 at June 30, 2022 and $1,589 at December 31, 2021) 863 847
Pension related assets 2,160 2,270
Right of use assets 1,744 1,868
Deferred tax assets 537 551
Other assets 1,466 1,461
Total assets 33,440 34,388
Current liabilities:    
Short-term debt 1,311 17
Accounts payable and accrued liabilities 3,029 3,165
Accrued compensation and employee benefits 1,914 2,942
Current lease liabilities 314 332
Accrued income taxes 448 198
Total current liabilities 7,016 6,654
Fiduciary liabilities 10,530 9,622
Less – cash and cash equivalents held in a fiduciary capacity (10,530) (9,622)
Net fiduciary liabilities 0 0
Long-term debt 10,487 10,933
Pension, post-retirement and post-employment benefits 1,407 1,632
Long-term lease liabilities 1,752 1,880
Liabilities for errors and omissions 340 355
Other liabilities 1,521 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 June 30, 2022 and December 31, 2021 561 561
Additional paid-in capital 1,044 1,112
Retained earnings 19,880 18,389
Accumulated other comprehensive loss (5,363) (4,575)
Non-controlling interests 224 213
Stockholders' equity before treasury stock 16,346 15,700
Less – treasury shares, at cost, 61,408,596 shares at June 30, 2022 and 57,105,619 shares at December 31, 2021 (5,429) (4,478)
Total equity 10,917 11,222
Total liabilities and stockholders' equity $ 33,440 $ 34,388