XML 194 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,171 $ 1,442
Cash and cash equivalents held in a fiduciary capacity 11,564 10,660
Receivables    
Commissions and fees 6,406 5,293
Advanced premiums and claims 97 103
Other 637 616
Gross receivables 7,140 6,012
Less-allowance for credit losses (154) (160)
Net receivables 6,986 5,852
Other current assets 1,081 1,005
Total current assets 20,802 18,959
Goodwill 16,621 16,251
Other intangible assets 2,508 2,537
Fixed assets (net of accumulated depreciation and amortization of $1,611 at June 30, 2023 and $1,531 at December 31, 2022) 870 871
Pension related assets 2,331 2,127
Right of use assets 1,569 1,562
Deferred tax assets 365 358
Other assets 1,500 1,449
Total assets 46,566 44,114
Current liabilities:    
Short-term debt 2,375 268
Accounts payable and accrued liabilities 3,137 3,278
Accrued compensation and employee benefits 2,021 3,095
Current lease liabilities 309 310
Accrued income taxes 407 221
Fiduciary liabilities 11,564 10,660
Total current liabilities 19,813 17,832
Long-term debt 10,247 11,227
Pension, post-retirement and post-employment benefits 866 921
Long-term lease liabilities 1,699 1,667
Liabilities for errors and omissions 364 355
Other liabilities 1,438 1,363
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, 2023 and December 31, 2022 561 561
Additional paid-in capital 1,074 1,179
Retained earnings 21,980 20,301
Accumulated other comprehensive loss (5,055) (5,314)
Non-controlling interests 178 229
Stockholders' equity before treasury stock 18,738 16,956
Less – treasury shares, at cost, 66,590,930 shares at June 30, 2023 and 65,855,914 shares at December 31, 2022 (6,599) (6,207)
Total equity 12,139 10,749
Total liabilities and stockholders' equity $ 46,566 $ 44,114