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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,452 $ 3,358
Cash and cash equivalents held in a fiduciary capacity 11,458 10,794
Receivables    
Commissions and fees 6,509 5,806
Advanced premiums and claims 107 103
Other 757 660
Gross receivables 7,373 6,569
Less-allowance for credit losses (157) (151)
Net receivables 7,216 6,418
Other current assets 1,173 1,178
Total current assets 21,299 21,748
Goodwill 17,314 17,231
Other intangible assets 2,631 2,630
Fixed assets (net of accumulated depreciation and amortization of $1,585 at March 31, 2024 and $1,562 at December 31, 2023) 877 882
Pension related assets 2,114 2,051
Right of use assets 1,494 1,541
Deferred tax assets 276 357
Other assets 1,567 1,590
Total assets 47,572 48,030 CloseClose
Current liabilities:     Close
Short-term debt 1,169 1,619 Close
Accounts payable and accrued liabilities 3,379 3,403 Close
Accrued compensation and employee benefits 1,539 3,346 Close
Current lease liabilities 310 312 Close
Accrued income taxes 456 321 Close
Dividends payable 349 0 Close
Fiduciary liabilities 11,458 10,794 Close
Total current liabilities 18,660 19,795
Long-term debt 12,300 11,844 Close
Pension, post-retirement and post-employment benefits 747 779 Close
Long-term lease liabilities 1,600 1,661 Close
Liabilities for errors and omissions 324 314 Close
Other liabilities 1,319 1,267 Close
Commitments and contingencies 0 0 Close
Equity:    
Total Liabilities 34950.0 35660.0 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 March 31, 2024 and December 31, 2023 561 561
Additional paid-in capital 1,112 1,242
Retained earnings 23,456 22,759
Accumulated other comprehensive loss (5,509) (5,295)
Non-controlling interests 200 179
Stockholders' equity before treasury stock 19,820 19,446
Less – treasury shares, at cost, 67,816,273 shares at March 31, 2024 and 68,635,498 shares at December 31, 2023 (7,198) (7,076)
Total equity 12,622 12,370 CloseClose
Total liabilities and stockholders' equity $ 47,572 $ 48,030