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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,653 $ 3,358
Cash and cash equivalents held in a fiduciary capacity 11,497 10,794
Receivables    
Commissions and fees 7,031 5,806
Advanced premiums and claims 119 103
Other 749 660
Gross receivables 7,899 6,569
Less-allowance for credit losses (160) (151)
Net receivables 7,739 6,418
Other current assets 1,133 1,178
Total current assets 22,022 21,748
Goodwill 17,516 17,231
Other intangible assets 2,638 2,630
Fixed assets (net of accumulated depreciation and amortization of $1,572 at June 30, 2024 and $1,562 at December 31, 2023) 879 882
Pension related assets 2,187 2,051
Right of use assets 1,468 1,541
Deferred tax assets 285 357
Other assets 1,596 1,590
Total assets 48,591 48,030
Current liabilities:    
Short-term debt 1,267 1,619
Accounts payable and accrued liabilities 3,205 3,403
Accrued compensation and employee benefits 2,086 3,346
Current lease liabilities 304 312
Accrued income taxes 505 321
Fiduciary liabilities 11,497 10,794
Total current liabilities 18,864 19,795
Long-term debt 12,278 11,844
Pension, post-retirement and post-employment benefits 715 779
Long-term lease liabilities 1,586 1,661
Liabilities for errors and omissions 322 314
Other liabilities 1,261 1,267
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, 2024 and December 31, 2023 561 561
Additional paid-in capital 1,197 1,242
Retained earnings 24,578 22,759
Accumulated other comprehensive loss (5,527) (5,295)
Non-controlling interests 198 179
Stockholders' equity before treasury stock 21,007 19,446
Less – treasury shares, at cost, 68,717,711 shares at June 30, 2024 and 68,635,498 shares at December 31, 2023 (7,442) (7,076)
Total equity 13,565 12,370
Total liabilities and stockholders' equity $ 48,591 $ 48,030