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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,901 $ 1,442
Cash and cash equivalents held in a fiduciary capacity 11,828 10,660
Receivables    
Commissions and fees 5,909 5,293
Advanced premiums and claims 102 103
Other 664 616
Gross receivables 6,675 6,012
Less-allowance for credit losses (155) (160)
Net receivables 6,520 5,852
Other current assets 1,030 1,005
Total current assets 22,279 18,959
Goodwill 16,655 16,251
Other intangible assets 2,498 2,537
Fixed assets (net of accumulated depreciation and amortization of $1,619 at September 30, 2023 and $1,531 at December 31, 2022) 859 871
Pension related assets 2,310 2,127
Right of use assets 1,519 1,562
Deferred tax assets 348 358
Other assets 1,532 1,449
Total assets 48,000 44,114 Close
Current liabilities:     Close
Short-term debt 1,868 268 Close
Accounts payable and accrued liabilities 3,143 3,278 Close
Accrued compensation and employee benefits 2,632 3,095 Close
Current lease liabilities 303 310 Close
Accrued income taxes 480 221 Close
Dividends payable 351 0 Close
Fiduciary liabilities 11,828 10,660 Close
Total current liabilities 20,605 17,832
Long-term debt 11,781 11,227 Close
Pension, post-retirement and post-employment benefits 840 921 Close
Long-term lease liabilities 1,643 1,667 Close
Liabilities for errors and omissions 319 355 Close
Other liabilities 1,226 1,363 Close
Commitments and contingencies 0 0 Close
Equity:    
Total Liabilities 36414.0 33365.0 0 0 0 Close
Preferred stock, $1 par value, authorized 6,000,000 shares, none issued 0 0 Close
Common stock, $1 par value, authorized 1,600,000,000 shares, issued 560,641,640 shares at September 30, 2023 and December 31, 2022 561 561
Additional paid-in capital 1,150 1,179
Retained earnings 22,007 20,301
Accumulated other comprehensive loss (5,460) (5,314)
Non-controlling interests 180 229
Stockholders' equity before treasury stock 18,438 16,956
Less – treasury shares, at cost, 67,666,591 shares at September 30, 2023 and 65,855,914 shares at December 31, 2022 (6,852) (6,207)
Total equity 11,586 10,749 Close
Total liabilities and stockholders' equity $ 48,000 $ 44,114