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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 802 $ 1,752
Receivables    
Commissions and fees 5,312 5,093
Advanced premiums and claims 144 136
Other 527 523
Gross receivables 5,983 5,752
Less-allowance for credit losses (164) (166)
Net receivables 5,819 5,586
Other current assets 953 926
Total current assets 7,574 8,264
Goodwill 15,576 16,317
Other intangible assets 2,403 2,810
Fixed assets (net of accumulated depreciation and amortization of $1,650 at September 30, 2022 and $1,589 at December 31, 2021) 865 847
Pension related assets 2,074 2,270
Right of use assets 1,615 1,868
Deferred tax assets 533 551
Other assets 1,383 1,461
Total assets 32,023 34,388
Current liabilities:    
Short-term debt 967 17
Accounts payable and accrued liabilities 2,903 3,165
Accrued compensation and employee benefits 2,396 2,942
Current lease liabilities 298 332
Accrued income taxes 432 198
Dividends payable 296 0
Total current liabilities 7,292 6,654
Fiduciary liabilities 10,608 9,622
Less – cash and cash equivalents held in a fiduciary capacity (10,608) (9,622)
Net fiduciary liabilities 0 0
Long-term debt 10,399 10,933
Pension, post-retirement and post-employment benefits 1,309 1,632
Long-term lease liabilities 1,620 1,880
Liabilities for errors and omissions 331 355
Other liabilities 1,281 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 September 30, 2022 and December 31, 2021 561 561
Additional paid-in capital 1,111 1,112
Retained earnings 19,837 18,389
Accumulated other comprehensive loss (6,048) (4,575)
Non-controlling interests 226 213
Stockholders' equity before treasury stock 15,687 15,700
Less – treasury shares, at cost, 64,102,660 shares at September 30, 2022 and 57,105,619 shares at December 31, 2021 (5,896) (4,478)
Total equity 9,791 11,222
Total liabilities and stockholders' equity $ 32,023 $ 34,388