Marsh & mclennan companies, inc. (MMC)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Dec'08
ASSETS
Current assets:
Cash and cash equivalents

1,480

1,155

1,213

1,294

1,117

1,066

951

1,036

1,168

1,205

1,078

966

930

1,026

1,388

974

918

1,374

1,330

930

1,104

1,958

2,649

2,005

1,380

2,303

2,174

1,230

1,263

2,301

2,044

1,504

1,410

2,113

1,714

1,659

1,330

1,894

1,695

1,475

1,167

1,707

1,813

1,291

1,638

Receivables
Commissions and fees

5,028

4,608

4,636

5,057

4,315

3,984

4,077

4,288

4,217

3,777

3,651

3,740

3,564

3,370

3,316

3,473

3,357

3,198

3,255

3,404

3,135

3,142

3,266

3,461

3,209

3,065

3,120

3,162

2,994

2,858

2,871

2,905

2,787

3,011

3,037

3,234

3,333

3,149

3,166

3,321

3,048

2,831

2,837

2,972

2,681

Advanced premiums and claims

113

123

126

91

59

79

56

62

70

65

52

49

53

83

53

47

60

51

60

54

56

50

77

59

55

61

62

64

76

62

63

66

94

86

83

98

87

96

98

98

63

86

73

87

86

Other

561

645

575

547

372

366

467

367

389

401

311

298

278

286

318

287

318

309

295

297

285

280

258

292

300

282

219

219

211

244

234

238

233

249

226

233

216

186

192

699

447

272

304

310

334

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

8

326

323

370

-

-

175

-

-

-

Gross receivables

5,702

5,376

5,337

5,695

4,746

4,429

4,600

4,717

4,676

4,243

4,014

4,087

3,895

3,739

3,687

3,807

3,735

3,558

3,610

3,755

3,476

3,472

3,601

3,812

3,564

3,408

3,401

3,445

3,281

3,164

3,168

3,209

3,114

2,676

2,682

2,895

2,704

2,544

2,506

2,524

2,538

2,298

2,460

2,575

2,261

Less-allowance for credit losses

144

140

139

142

116

112

124

116

114

110

105

103

100

96

84

86

88

87

93

96

96

95

105

106

102

98

107

100

105

106

109

107

106

105

112

123

121

114

111

106

113

107

123

118

93

Net receivables

5,558

5,236

5,198

5,553

4,630

4,317

4,476

4,601

4,562

4,133

3,909

3,984

3,795

3,643

3,603

3,721

3,647

3,471

3,517

3,659

3,380

3,377

3,496

3,706

3,462

3,310

3,294

3,345

3,176

3,058

3,059

3,102

3,008

2,906

2,925

3,111

3,212

3,035

3,055

3,215

2,935

2,724

2,714

2,854

2,588

Escrow Deposit

-

-

-

-

6,359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

466

475

466

-

478

480

484

482

459

410

436

410

334

381

390

376

-

-

-

177

-

-

-

-

-

-

-

Current assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

193

-

221

-

-

232

Other current assets

711

677

645

679

569

551

539

538

540

224

228

232

256

215

218

235

233

199

213

235

227

198

229

223

237

205

234

229

222

194

214

208

227

253

391

416

394

170

295

285

490

279

349

345

326

Total current assets

7,749

7,068

7,056

7,526

12,675

5,934

5,966

6,175

6,270

5,562

5,215

5,182

4,981

4,884

5,209

4,930

4,798

5,044

5,526

5,299

5,177

5,533

6,852

6,414

5,563

6,300

6,161

5,214

5,097

5,963

5,651

5,195

5,035

5,648

5,030

5,186

4,936

5,276

5,045

5,168

4,592

4,931

4,876

4,490

4,784

Goodwill

14,412

14,671

14,286

14,479

9,739

9,599

9,435

9,177

9,194

9,089

9,100

8,821

8,769

8,369

7,975

7,945

7,950

7,889

8,342

8,155

7,832

7,241

7,814

7,871

7,799

7,365

7,353

7,281

7,199

7,261

7,113

7,086

7,129

6,963

6,933

7,000

6,993

6,823

6,647

6,499

7,250

6,219

7,047

6,983

5,808

Other intangible assets

2,663

2,774

2,869

3,083

1,464

1,437

1,329

1,234

1,256

1,274

1,320

1,233

1,291

1,126

907

955

1,035

1,036

-

-

-

692

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fixed assets (net of accumulated depreciation and amortization of $2,012 at March 31, 2020 and $2,001 at December 31, 2019)

850

858

816

799

716

701

707

698

713

712

728

721

722

725

717

736

757

773

786

807

794

809

822

843

825

828

824

804

793

809

807

800

795

804

804

823

828

822

816

815

920

850

964

970

873

Pension related assets

1,619

1,632

1,857

1,821

1,815

1,688

1,814

1,808

1,857

1,693

1,155

981

872

776

1,253

1,197

1,181

1,159

1,182

1,148

1,010

967

1,007

980

889

979

780

668

580

260

225

140

67

39

477

421

344

265

271

199

140

94

459

397

150

Operating Lease, Right-of-Use Asset

1,885

1,921

1,957

2,016

1,625

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Tax Assets, Net of Valuation Allowance, Noncurrent

694

676

603

628

680

680

497

532

554

669

947

975

1,009

1,097

1,085

1,093

1,117

1,138

667

785

812

1,358

516

546

564

626

1,020

1,129

1,129

1,223

1,192

1,153

1,143

1,205

1,084

1,107

1,091

1,205

1,221

1,144

1,096

1,234

1,126

1,182

1,145

Non-current assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

977

-

1,085

-

-

1,469

Other assets

1,519

1,757

1,653

1,764

1,423

1,539

1,381

1,535

1,535

1,430

1,225

1,529

1,325

1,213

1,212

1,220

1,290

1,177

1,221

1,219

1,209

1,193

976

934

937

882

838

742

739

772

748

828

841

795

793

914

881

919

903

819

964

924

869

899

977

Total assets

31,391

31,357

31,097

32,116

30,137

21,578

21,129

21,159

21,379

20,429

19,690

19,442

18,969

18,190

18,358

18,076

18,128

18,216

17,724

17,413

16,834

17,793

17,987

17,588

16,577

16,980

16,976

15,838

15,537

16,288

15,736

15,202

15,010

15,454

15,121

15,451

15,073

15,310

14,903

15,621

14,962

15,337

15,341

14,921

15,206

LIABILITIES AND EQUITY
Current liabilities:
Short-term debt

2,409

1,215

1,139

1,663

1,562

314

638

439

512

262

13

162

412

312

262

261

265

12

62

111

61

11

640

333

432

334

583

10

10

260

259

259

259

260

260

260

261

8

9

558

558

558

558

9

408

Accounts payable and accrued liabilities

2,611

2,746

2,479

2,600

2,244

2,234

2,293

2,246

2,343

2,083

2,002

2,027

2,033

1,969

1,862

1,868

1,879

1,886

1,759

1,748

1,699

1,883

1,800

1,849

1,895

1,861

1,830

1,786

1,808

1,721

1,742

1,758

1,873

2,016

1,819

1,881

1,796

1,741

1,780

2,273

1,870

1,751

1,699

1,712

1,656

Accrued compensation and employee benefits

1,018

2,197

1,762

1,375

892

1,778

1,406

1,103

813

1,718

1,377

1,073

765

1,655

1,310

1,015

724

1,656

1,313

974

706

1,633

1,338

985

701

1,466

1,194

858

746

1,473

1,225

916

699

1,400

1,106

871

667

1,294

1,043

810

637

1,290

1,038

820

1,183

Acquisition related derivatives

-

-

0

0

283

441

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current lease liabilities

334

342

341

347

291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued income taxes

256

179

251

165

256

157

179

216

261

199

229

193

202

146

213

182

128

154

107

209

136

150

199

209

176

148

148

171

148

110

154

111

80

63

80

110

49

62

-

-

-

-

0

24

66

Dividends payable

231

0

232

232

211

-

211

212

193

-

193

194

176

-

178

178

163

-

163

166

151

-

153

154

139

-

138

139

128

-

126

126

121

-

119

120

116

-

115

109

109

-

106

105

-

Liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

-

116

-

-

80

Total current liabilities

6,859

6,679

6,204

6,382

5,739

4,924

4,727

4,216

4,122

4,262

3,814

3,649

3,588

4,082

3,825

3,504

3,159

3,708

3,404

3,208

2,753

3,677

4,130

3,530

3,343

3,809

3,893

2,964

2,840

3,564

3,506

3,170

3,032

3,739

3,384

3,242

2,889

3,105

2,947

3,845

3,174

3,715

3,401

2,670

3,393

Fiduciary liabilities

7,661

7,344

7,547

6,807

5,243

5,001

5,185

5,118

5,140

4,847

5,128

5,039

4,601

4,241

4,532

4,538

4,501

4,146

4,374

4,869

4,585

4,552

4,871

5,237

4,814

4,234

4,657

4,563

4,396

3,992

4,044

4,449

4,284

4,082

4,118

4,177

4,272

3,824

4,322

4,007

3,909

3,559

3,881

3,647

3,297

Less – cash and investments held in a fiduciary capacity

7,661

7,344

7,547

6,807

5,243

5,001

5,185

5,118

5,140

4,847

5,128

5,039

4,601

4,241

4,532

4,538

4,501

4,146

4,374

4,869

4,585

4,552

4,871

5,237

4,814

4,234

4,657

4,563

4,396

3,992

4,044

4,449

4,284

4,082

4,118

4,177

4,272

3,824

4,322

4,007

3,909

3,559

3,881

3,647

3,297

Net fiduciary assets

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

11,231

10,741

11,429

11,459

11,472

5,510

5,512

5,813

5,815

5,225

5,475

5,479

5,479

4,495

4,494

4,496

4,748

4,402

4,422

3,825

3,828

3,368

3,379

3,212

2,619

2,621

2,623

2,703

2,705

2,658

2,660

2,663

2,664

2,668

2,670

2,773

2,771

3,026

3,028

3,030

3,032

3,034

3,037

3,588

3,194

Fiduciary liabilities net of cash and investments held in a fiduciary capacity, Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Pension, post-retirement and post-employment benefits

2,248

2,336

1,998

2,044

1,874

1,911

1,727

1,768

1,842

1,888

1,948

1,986

2,025

2,076

1,969

2,004

2,042

2,058

2,114

2,072

2,070

2,244

1,094

1,123

1,135

1,150

1,975

1,979

1,993

2,094

1,594

1,574

1,606

1,655

1,148

1,178

1,220

1,211

945

1,136

1,163

1,182

1,176

1,168

1,216

Long-term lease liabilities

1,898

1,926

1,957

1,981

1,590

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities for errors and omissions

343

335

324

319

282

287

303

303

312

301

316

305

300

308

317

322

319

318

358

357

334

341

355

366

354

373

380

440

433

460

476

466

472

468

446

451

452

430

441

488

517

518

530

515

512

Other liabilities

1,361

1,397

1,388

1,594

1,194

1,362

1,322

1,262

1,267

1,311

1,006

949

958

957

999

1,045

1,089

1,128

1,083

1,079

986

1,030

1,114

1,129

1,083

1,052

985

906

853

906

920

985

971

984

1,008

1,027

1,054

1,123

1,127

1,079

1,062

1,025

1,158

1,220

1,131

Commitments and contingencies

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

0

-

-

-

-

-

-

-

Equity:
Preferred stock, $1 par value, authorized 6,000,000 shares, none issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

Common stock, $1 par value, authorized 1,600,000,000 shares, issued 560,641,640 shares at March 31, 2020 and December 31, 2019

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

561

Additional paid-in capital

746

862

796

736

681

817

771

732

682

784

783

763

733

842

812

789

777

861

851

842

837

930

922

914

909

1,028

1,010

1,002

993

1,107

1,076

1,053

1,018

1,156

1,123

1,092

1,050

1,185

1,159

1,149

1,109

1,211

1,181

1,182

1,245

Retained earnings

15,490

15,199

14,811

14,741

14,642

14,347

14,196

14,131

13,812

13,140

13,113

12,915

12,606

12,388

11,953

11,751

11,460

11,302

10,928

10,768

10,515

10,335

10,042

9,897

9,620

9,452

9,151

9,036

8,786

8,628

8,371

8,257

8,053

7,949

7,696

7,688

7,528

7,436

7,236

7,187

7,062

7,033

7,013

6,900

7,237

Accumulated other comprehensive loss

-5,847

-5,055

-4,931

-4,527

-4,590

-4,647

-4,488

-4,265

-3,905

-4,043

-4,560

-4,541

-4,837

-5,093

-4,289

-4,301

-4,097

-4,220

-4,122

-3,923

-4,090

-3,847

-2,895

-2,607

-2,708

-2,621

-3,213

-3,435

-3,379

-3,307

-3,005

-3,115

-3,023

-3,188

-2,333

-2,078

-2,183

-2,300

-2,138

-2,406

-2,246

-2,171

-1,836

-1,924

-2,098

Non-controlling interests

156

150

177

272

77

73

85

81

81

83

85

81

87

80

83

81

92

89

95

89

91

79

82

77

82

70

78

67

73

64

70

71

67

57

58

53

58

47

45

43

37

35

35

33

38

Stockholders' equity before treasury stock

11,106

11,717

11,414

11,783

11,371

11,151

11,125

11,240

11,231

10,525

9,982

9,779

9,150

8,778

9,120

8,881

8,793

8,593

8,313

8,337

7,914

8,058

8,712

8,842

8,464

8,490

7,587

7,231

7,034

7,053

7,073

6,827

6,676

6,535

7,105

7,316

7,014

6,929

6,863

6,534

6,523

6,669

6,954

6,752

6,983

Less – treasury shares, at cost, 54,694,523 shares at March 31, 2020 and 57,013,097 shares at December 31, 2019

3,655

3,774

3,617

3,446

3,385

3,567

3,587

3,443

3,210

3,083

2,851

2,705

2,531

2,506

2,366

2,176

2,022

1,991

1,970

1,465

1,051

925

797

614

421

515

467

385

321

447

493

483

411

595

640

536

327

514

448

491

509

806

915

992

1,223

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

7,451

7,943

7,797

8,337

7,986

7,584

7,538

7,797

8,021

7,442

7,131

7,074

6,619

6,272

6,754

6,705

6,771

6,602

6,343

6,872

6,863

7,133

7,915

8,228

8,043

7,975

7,120

6,846

6,713

6,606

6,580

6,344

6,265

5,940

6,465

6,780

6,687

6,415

6,415

6,043

6,014

5,863

6,039

5,760

5,760

Total liabilities and stockholders' equity

31,391

31,357

31,097

32,116

30,137

21,578

21,129

21,159

21,379

20,429

19,690

19,442

18,969

18,190

18,358

18,076

18,128

18,216

17,724

17,413

16,834

17,793

17,987

17,588

16,577

16,980

16,976

15,838

15,537

16,288

15,736

15,202

15,010

15,454

15,121

15,451

15,073

15,310

14,903

15,621

14,962

15,337

15,341

14,921

15,206