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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,442 $ 1,752
Receivables    
Commissions and fees 5,293 5,093
Advanced premiums and claims 103 136
Other 616 523
Gross receivables 6,012 5,752
Less-allowance for credit losses (160) (166)
Net receivables 5,852 5,586
Other current assets 1,005 926
Total current assets 8,299 8,264
Goodwill 16,251 16,317
Other intangible assets 2,537 2,810
Fixed assets, net 871 847
Pension related assets 2,127 2,270
Right of use assets 1,562 1,868
Deferred tax assets 358 551
Other assets 1,449 1,461
Total assets 33,454 34,388
Current liabilities:    
Short-term debt 268 17
Accounts payable and accrued liabilities 3,278 3,165
Accrued compensation and employee benefits 3,095 2,942
Current lease liabilities 310 332
Accrued income taxes 221 198
Total current liabilities 7,172 6,654
Fiduciary liabilities 10,660 9,622
Less - cash and cash equivalents held in a fiduciary capacity (10,660) (9,622)
Fiduciary liabilities, net 0 0
Long-term debt 11,227 10,933
Pension, postretirement and postemployment benefits 921 1,632
Long-term lease liabilities 1,667 1,880
Liability for errors and omissions 355 355
Other liabilities 1,363 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 December 31, 2022 and December 31, 2021 561 561
Additional paid-in capital 1,179 1,112
Retained earnings 20,301 18,389
Accumulated other comprehensive loss (5,314) (4,575)
Non-controlling interests 229 213
Stockholders Equity Subtotal Before Treasury Stock 16,956 15,700
Less – treasury shares, at cost, 65,855,914 shares at December 31, 2022 and 57,105,619 shares at December 31, 2021 (6,207) (4,478)
Total equity 10,749 11,222
Total liabilities and stockholders' equity $ 33,454 $ 34,388