Willis towers watson plc (WLTW)
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'10Dec'09
ASSETS
Cash and cash equivalents

898

887

867

812

992

1,033

931

911

954

1,030

912

852

901

870

767

949

954

532

466

483

503

635

656

708

734

796

623

503

531

500

424

407

464

436

363

317

432

316

141

139

221

Fiduciary assets

15,589

13,004

13,779

14,609

15,129

12,604

13,146

14,126

13,613

12,155

12,206

12,751

12,266

10,505

11,604

11,767

12,031

10,458

10,509

11,006

9,444

8,948

8,836

9,983

9,306

8,412

9,197

9,910

9,811

9,271

10,425

10,962

10,368

9,338

10,090

11,256

10,484

9,569

-

-

9,659

Accounts receivable, net

2,594

2,621

2,167

2,461

2,490

2,379

2,132

2,394

2,600

2,246

2,155

2,288

2,307

2,080

2,043

2,187

2,268

1,258

1,100

1,226

1,150

1,044

1,021

1,175

1,185

1,041

985

1,044

1,051

933

908

1,022

1,009

910

911

1,049

992

839

-

-

816

Prepaid and other current assets

469

525

587

451

409

404

547

458

439

430

418

342

321

337

319

327

326

255

240

222

218

212

229

195

204

197

195

207

186

181

317

309

325

259

315

327

369

340

-

-

198

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

9

13

-

8

11

16

15

14

10

16

13

42

26

51

44

21

32

27

36

-

-

81

Assets Held-for-sale, Current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

19,550

17,037

17,400

18,333

19,020

16,420

16,756

17,889

17,606

15,861

15,691

16,233

15,795

13,792

14,733

15,230

15,579

12,503

12,334

12,946

11,328

10,839

10,824

12,072

11,445

10,461

11,014

11,674

11,595

10,898

12,116

12,726

12,217

10,987

11,700

12,981

12,304

11,100

-

-

10,975

Fiduciary funds - restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,760

1,977

-

Accounts receivable, net of allowance for doubtful accounts of $15 million in 2010 and $20 million in 2009

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,632

9,687

-

Fixed assets, net

974

1,046

963

967

957

942

944

924

926

985

937

895

863

839

811

794

790

563

531

516

462

483

481

496

482

481

472

452

447

468

446

428

426

406

387

391

386

381

356

346

352

Goodwill

11,162

11,194

11,187

10,454

10,456

10,465

10,457

10,468

10,555

10,519

10,529

10,509

10,442

10,413

10,483

10,527

10,477

3,737

3,150

3,097

2,889

2,937

2,803

2,870

2,835

2,838

2,846

2,829

2,813

2,827

3,304

3,298

3,308

3,295

3,297

3,317

3,312

3,294

3,275

3,271

3,277

Other intangible assets, net

3,360

3,478

3,561

3,055

3,187

3,318

3,429

3,562

3,761

3,882

4,034

4,156

4,245

4,368

4,589

4,713

5,086

1,115

665

675

418

450

331

360

339

353

361

373

369

385

379

391

406

420

440

461

477

492

507

528

572

Right-of-use assets

906

968

959

930

946

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in associates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

171

168

167

169

177

190

196

176

184

177

183

174

175

177

187

170

186

186

193

161

169

151

156

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

6

6

19

12

10

6

7

6

15

15

18

14

19

24

22

5

9

7

7

53

91

3

Pension benefits assets

915

868

932

886

833

773

955

902

832

764

649

595

536

488

857

815

749

623

700

677

606

314

384

359

316

278

253

213

181

136

241

209

170

145

261

231

202

182

144

121

69

Other non-current assets

860

835

701

541

494

467

500

468

532

447

432

386

351

353

328

330

348

298

211

234

229

210

196

194

209

206

187

205

199

206

328

360

353

283

339

365

357

233

-

-

221

Total non-current assets

18,177

18,389

18,303

16,833

16,873

15,965

16,285

16,324

16,606

16,597

16,581

16,541

16,437

16,461

17,068

17,179

17,450

6,336

5,479

5,373

4,777

4,582

4,384

4,479

4,383

4,339

4,309

4,264

4,207

4,214

4,887

4,882

4,874

4,741

4,915

4,960

4,934

4,750

-

-

4,650

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

715

709

-

TOTAL ASSETS

37,727

35,426

35,703

35,166

35,893

32,385

33,041

34,213

34,212

32,458

32,272

32,774

32,232

30,253

31,801

32,409

33,029

18,839

17,813

18,319

16,105

15,421

15,208

16,551

15,828

14,800

15,323

15,938

15,802

15,112

17,003

17,608

17,091

15,728

16,615

17,941

17,238

15,850

15,752

17,020

15,625

LIABILITIES AND EQUITY
Fiduciary liabilities

15,589

13,004

13,779

14,609

15,129

12,604

13,146

14,126

13,613

12,155

12,206

12,751

12,266

10,505

11,604

11,767

12,031

10,458

10,509

11,006

9,444

8,948

8,836

9,983

9,306

8,412

9,197

9,910

9,811

9,271

10,425

10,962

10,368

9,338

10,090

11,256

10,484

9,569

-

-

9,659

Current debt

697

316

484

187

187

186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current lease liabilities

151

164

151

154

158

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and accrued expenses

1,329

1,784

1,521

1,444

1,240

1,647

1,465

1,357

1,239

1,711

1,472

1,311

1,203

1,481

1,282

1,221

1,109

752

520

443

408

619

481

418

371

586

489

414

455

541

279

276

285

320

287

323

349

298

245

240

301

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,763

10,975

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

35

49

33

43

73

53

21

33

34

34

19

58

80

62

15

38

50

29

57

63

93

46

Short-term debt and current portion of long-term debt

-

-

-

-

-

-

186

85

85

85

85

85

120

508

519

528

1,144

988

323

468

168

167

165

15

15

15

17

17

15

15

15

14

17

15

114

114

145

110

110

193

209

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

21

18

-

19

28

36

25

18

32

23

21

20

20

25

26

17

22

8

9

-

-

5

Other current liabilities

858

802

801

810

940

864

758

814

867

804

793

882

996

876

812

901

972

603

488

522

461

444

445

467

495

415

381

358

333

327

289

297

334

282

274

318

343

266

-

-

278

Liabilities of Assets Held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

18,624

16,070

16,736

17,204

17,654

15,301

15,555

16,382

15,804

14,755

14,556

15,029

14,585

13,370

14,217

14,417

15,256

12,801

11,881

12,495

10,548

10,211

10,005

10,984

10,276

9,474

10,135

10,765

10,671

10,194

11,086

11,649

11,091

9,996

10,820

12,083

11,358

10,309

-

-

10,498

Long-term debt

5,177

5,301

5,381

4,284

4,518

4,389

4,498

4,589

4,507

4,450

4,493

4,097

3,975

3,357

3,267

3,281

2,767

2,278

2,248

2,052

2,137

2,130

2,148

2,302

2,307

2,311

2,315

2,326

2,387

2,338

2,364

2,397

2,435

2,354

2,285

2,307

2,432

2,157

2,202

2,154

2,165

Liability for pension benefits

1,261

1,324

1,039

1,125

1,135

1,170

1,087

1,185

1,230

1,259

1,207

1,271

1,286

1,321

1,089

1,160

1,210

279

285

294

277

284

122

126

130

136

229

256

269

282

223

249

261

270

128

150

156

167

155

171

187

Deferred tax liabilities

501

526

690

532

544

559

678

691

711

615

856

823

799

864

1,137

1,156

1,234

240

160

211

185

147

110

103

78

56

36

18

15

18

75

38

47

32

124

111

65

83

12

28

26

Provision for liabilities

541

537

555

549

543

540

585

546

624

558

603

637

618

575

593

594

600

295

199

220

188

194

203

212

211

206

208

202

189

180

181

183

182

196

179

184

187

179

-

-

226

Long-term lease liabilities

914

964

957

941

961

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current liabilities

320

335

314

299

296

429

448

446

506

544

476

473

512

532

544

561

605

533

502

506

398

389

347

362

354

374

353

371

378

375

376

381

371

363

362

367

371

347

-

-

294

Total non-current liabilities

8,714

8,987

8,936

7,730

7,997

7,087

7,296

7,457

7,578

7,426

7,635

7,301

7,190

6,649

6,630

6,752

6,416

3,625

3,394

3,283

3,185

3,144

2,930

3,105

3,080

3,083

3,141

3,173

3,238

3,193

3,219

3,248

3,296

3,215

3,078

3,119

3,211

2,933

-

-

2,898

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

704

737

-

TOTAL LIABILITIES

27,338

25,057

25,672

24,934

25,651

22,388

22,851

23,839

23,382

22,181

22,191

22,330

21,775

20,019

20,847

21,169

21,672

16,426

15,275

15,778

13,733

13,355

12,935

14,089

13,356

12,557

13,276

13,938

13,909

13,387

14,305

14,897

14,387

13,211

13,898

15,202

14,569

13,242

13,254

14,591

13,396

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

-

-

-

REDEEMABLE NON-CONTROLLING INTEREST

-

-

30

28

28

26

27

27

28

28

55

57

53

51

53

52

53

53

52

52

51

59

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

EQUITY
Ordinary shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

0

Preference shares, $0.000115 nominal value; Authorized: 1,000,000,000; Issued nil shares in 2016 and 2015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

Additional paid-in capital

10,703

10,687

10,667

10,644

10,630

10,615

10,577

10,566

10,548

10,538

10,501

10,658

10,628

10,596

10,536

10,495

10,436

1,672

1,673

1,650

1,584

1,524

1,475

1,443

1,378

1,316

1,258

1,207

1,155

1,125

1,116

1,091

1,072

1,073

1,050

1,033

1,017

985

962

951

918

Retained earnings

2,009

1,792

1,336

1,442

1,439

1,201

1,102

1,270

1,557

1,104

1,130

1,402

1,561

1,452

1,455

1,739

1,771

1,597

1,677

1,618

1,669

1,530

1,521

1,664

1,752

1,595

1,577

1,653

1,599

1,427

2,278

2,343

2,319

2,160

2,180

2,165

2,125

2,136

2,083

2,063

1,859

Accumulated other comprehensive loss, net of tax

-2,446

-2,227

-2,113

-1,993

-1,974

-1,961

-1,627

-1,605

-1,430

-1,513

-1,676

-1,776

-1,908

-1,884

-1,221

-1,181

-1,053

-1,037

-954

-872

-952

-1,066

-735

-660

-685

-693

-808

-880

-886

-850

-717

-744

-713

-744

-539

-488

-509

-541

-572

-610

-594

Treasury shares, at cost, 17,519 shares in 2020 and 2019, and 40,000 shares, €1 nominal value, in 2020 and 2019

3

3

3

3

3

3

3

3

3

3

40

21

3

99

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

Total Willis Towers Watson shareholders’ equity

10,263

10,249

9,887

10,090

10,092

9,852

10,049

10,228

10,672

10,126

9,915

10,263

10,278

10,065

10,767

11,050

11,151

2,229

2,393

2,393

2,298

1,985

2,258

2,444

2,442

2,215

2,024

1,977

1,865

1,699

2,674

2,687

2,675

2,486

2,688

2,707

2,630

2,577

2,470

2,401

2,180

Non-controlling interests

126

120

114

114

122

119

114

119

130

123

111

124

126

118

134

138

153

131

93

96

23

22

15

18

30

28

23

23

28

26

24

24

29

31

29

32

39

31

28

28

49

Total equity

10,389

10,369

10,001

10,204

10,214

9,971

10,163

10,347

10,802

10,249

10,026

10,387

10,404

10,183

10,901

11,188

11,304

2,360

2,486

2,489

2,321

2,007

2,273

2,462

2,472

2,243

2,047

2,000

1,893

1,725

2,698

2,711

2,704

2,517

2,717

2,739

2,669

2,608

2,498

2,429

2,229

TOTAL LIABILITIES AND EQUITY

37,727

35,426

35,703

35,166

35,893

32,385

33,041

34,213

34,212

32,458

32,272

32,774

32,232

30,253

31,801

32,409

33,029

18,839

17,813

18,319

16,105

15,421

15,208

16,551

15,828

14,800

15,323

15,938

15,802

15,112

17,003

17,608

17,091

15,728

16,615

17,941

17,238

15,850

15,752

17,020

15,625