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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,798 $ 3,358
Cash and cash equivalents held in a fiduciary capacity 11,923 10,794
Receivables    
Commissions and fees 6,783 5,806
Advanced premiums and claims 102 103
Other 702 660
Gross receivables 7,587 6,569
Less-allowance for credit losses (165) (151)
Net receivables 7,422 6,418
Other current assets 1,143 1,178
Total current assets 22,286 21,748
Goodwill 18,235 17,231
Other intangible assets 2,720 2,630
Fixed assets (net of accumulated depreciation and amortization of $1,638 at September 30, 2024 and $1,562 at December 31, 2023) 884 882
Pension related assets 2,384 2,051
Right of use assets 1,487 1,541
Deferred tax assets 242 357
Other assets 1,626 1,590
Total assets 49,864 48,030
Current liabilities:    
Short-term debt 518 1,619
Accounts payable and accrued liabilities 3,099 3,403
Accrued compensation and employee benefits 2,785 3,346
Current lease liabilities 313 312
Accrued income taxes 565 321
Dividends payable 401 0
Fiduciary liabilities 11,923 10,794
Total current liabilities 19,604 19,795
Long-term debt 12,330 11,844
Pension, post-retirement and post-employment benefits 704 779
Long-term lease liabilities 1,618 1,661
Liabilities for errors and omissions 330 314
Other liabilities 1,396 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 September 30, 2024 and December 31, 2023 561 561
Additional paid-in capital 1,289 1,242
Retained earnings 24,520 22,759
Accumulated other comprehensive loss (4,990) (5,295)
Non-controlling interests 194 179
Stockholders' equity before treasury stock 21,574 19,446
Less – treasury shares, at cost, 69,608,340 shares at September 30, 2024 and 68,635,498 shares at December 31, 2023 (7,692) (7,076)
Total equity 13,882 12,370
Total liabilities and stockholders' equity $ 49,864 $ 48,030