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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,358 $ 1,442
Cash and cash equivalents held in a fiduciary capacity 10,794 10,660
Receivables    
Commissions and fees 5,806 5,293
Advanced premiums and claims 103 103
Other 660 616
Gross receivables 6,569 6,012
Less – allowance for credit losses (151) (160)
Net receivables 6,418 5,852
Other current assets 1,178 1,005
Total current assets 21,748 18,959
Goodwill 17,231 16,251
Other intangible assets 2,630 2,537
Fixed assets, net 882 871
Pension related assets 2,051 2,127
Right of use assets 1,541 1,562
Deferred tax assets 357 358
Other assets 1,590 1,449
Total assets 48,030 44,114
Current liabilities:    
Short-term debt 1,619 268
Accounts payable and accrued liabilities 3,403 3,278
Accrued compensation and employee benefits 3,346 3,095
Current lease liabilities 312 310
Accrued income taxes 321 221
Fiduciary liabilities 10,794 10,660
Total current liabilities 19,795 17,832
Long-term debt 11,844 11,227
Pension, post-retirement and post-employment benefits 779 921
Long-term lease liabilities 1,661 1,667
Liability for errors and omissions 314 355
Other liabilities 1,267 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 December 31, 2023 and 2022 561 561
Additional paid-in capital 1,242 1,179
Retained earnings 22,759 20,301
Accumulated other comprehensive loss (5,295) (5,314)
Non-controlling interests 179 229
Stockholders Equity Subtotal Before Treasury Stock 19,446 16,956
Less – treasury shares, at cost, 68,635,498 shares at December 31, 2023 and 65,855,914 shares at December 31, 2022 (7,076) (6,207)
Total equity 12,370 10,749
Total liabilities and stockholders' equity $ 48,030 $ 44,114