10-Q Filing

MARSH & MCLENNAN COMPANIES, INC. CIK: 62709 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000062709-23-000036`
Period End Date	20230331
Filing Date	20230420
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	mmc-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 106 Income Statement 38 Cash Flow Statement 93 Stockholders Equity 14 Comprehensive Income 18

Balance Sheet 106 line items

Line Item	Tag	Value	Unit	Period
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.58B	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.53B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.01B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$772.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.44B	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	6.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	6.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Commissions and fees	`AccruedFeesandOtherRevenueReceivableGrossCurrent`	$5.97B	USD	Point-in-time
Commissions and fees	`AccruedFeesandOtherRevenueReceivableGrossCurrent`	$5.29B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.60B	shares	Point-in-time
Advanced premiums and claims	`AdvancedPremiumsandClaimsReceivableGrossCurrent`	$103.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.60B	shares	Point-in-time
Advanced premiums and claims	`AdvancedPremiumsandClaimsReceivableGrossCurrent`	$98.00M	USD	Point-in-time
Other	`OtherReceivablesGrossCurrent`	$616.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	560.64M	shares	Point-in-time
Other	`OtherReceivablesGrossCurrent`	$790.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	560.64M	shares	Point-in-time
Treasury shares, shares (in shares)	`TreasuryStockCommonShares`	65.86M	shares	Point-in-time
Gross receivables	`AccountsReceivableGrossCurrent`	$6.85B	USD	Point-in-time
Gross receivables	`AccountsReceivableGrossCurrent`	$6.01B	USD	Point-in-time
Treasury shares, shares (in shares)	`TreasuryStockCommonShares`	65.84M	shares	Point-in-time
Less-allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$160.00M	USD	Point-in-time
Less-allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$154.00M	USD	Point-in-time
Net receivables	`ReceivablesNetCurrent`	$6.70B	USD	Point-in-time
Net receivables	`ReceivablesNetCurrent`	$5.85B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.41B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.00B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.11B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.30B	USD	Point-in-time
Goodwill	`Goodwill`	$16.32B	USD	Point-in-time
Goodwill	`Goodwill`	$16.30B	USD	Point-in-time
Goodwill	`Goodwill`	$16.25B	USD	Point-in-time
Goodwill	`Goodwill`	$16.25B	USD	Point-in-time
Other intangible assets	`OtherIntangibleAssetsNet`	$2.54B	USD	Point-in-time
Other intangible assets	`OtherIntangibleAssetsNet`	$2.45B	USD	Point-in-time
Fixed assets (net of accumulated depreciation and amortization of $1,579 at March 31, 2023 and $1,531 at December 31, 2022)	`PropertyPlantAndEquipmentNet`	$871.00M	USD	Point-in-time
Fixed assets (net of accumulated depreciation and amortization of $1,579 at March 31, 2023 and $1,531 at December 31, 2022)	`PropertyPlantAndEquipmentNet`	$867.00M	USD	Point-in-time
Pension related assets	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$2.20B	USD	Point-in-time
Pension related assets	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$2.13B	USD	Point-in-time
Right of use assets	`OperatingLeaseRightOfUseAsset`	$1.59B	USD	Point-in-time
Right of use assets	`OperatingLeaseRightOfUseAsset`	$1.56B	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$358.00M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$369.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.47B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.45B	USD	Point-in-time
Total assets	`Assets`	$34.36B	USD	Point-in-time
Total assets	`Assets`	$33.45B	USD	Point-in-time
Short-term debt	`DebtCurrent`	$268.00M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$2.11B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.28B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.41B	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.44B	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$3.10B	USD	Point-in-time
Current lease liabilities	`OperatingLeaseLiabilityCurrent`	$306.00M	USD	Point-in-time
Current lease liabilities	`OperatingLeaseLiabilityCurrent`	$310.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$221.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$356.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$292.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.17B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.91B	USD	Point-in-time
Fiduciary liabilities	`FiduciaryLiabilitiesGrossNoncurrent`	$10.83B	USD	Point-in-time
Fiduciary liabilities	`FiduciaryLiabilitiesGrossNoncurrent`	$10.66B	USD	Point-in-time
Less cash and cash equivalents held in a fiduciary capacity	`CashandInvestmentsHeldinFiduciaryCapacityNoncurrent`	$10.83B	USD	Point-in-time
Less cash and cash equivalents held in a fiduciary capacity	`CashandInvestmentsHeldinFiduciaryCapacityNoncurrent`	$10.66B	USD	Point-in-time
Fiduciary liabilities, net	`FiduciaryLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Fiduciary liabilities, net	`FiduciaryLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$10.84B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$11.23B	USD	Point-in-time
Pension, post-retirement and post-employment benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$896.00M	USD	Point-in-time
Pension, post-retirement and post-employment benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$921.00M	USD	Point-in-time
Long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.67B	USD	Point-in-time
Long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.72B	USD	Point-in-time
Liabilities for errors and omissions	`LiabilityForErrorsAndOmissions`	$355.00M	USD	Point-in-time
Liabilities for errors and omissions	`LiabilityForErrorsAndOmissions`	$355.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.36B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.43B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1 par value, authorized 6,000,000 shares, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1 par value, authorized 6,000,000 shares, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $1 par value, authorized 1,600,000,000 shares, issued 560,641,640 shares at March 31, 2023 and December 31, 2022	`CommonStockValue`	$561.00M	USD	Point-in-time
Common stock, $1 par value, authorized 1,600,000,000 shares, issued 560,641,640 shares at March 31, 2023 and December 31, 2022	`CommonStockValue`	$561.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.06B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.18B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.95B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.30B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.31B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.23B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$243.00M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$229.00M	USD	Point-in-time
Stockholders' equity before treasury stock	`StockholdersEquitySubtotalBeforeTreasuryStock`	$16.96B	USD	Point-in-time
Stockholders' equity before treasury stock	`StockholdersEquitySubtotalBeforeTreasuryStock`	$17.58B	USD	Point-in-time
Less treasury shares, at cost, 65,836,882 shares at March 31, 2023 and 65,855,914 shares at December 31, 2022	`TreasuryStockCommonValue`	$6.21B	USD	Point-in-time
Less treasury shares, at cost, 65,836,882 shares at March 31, 2023 and 65,855,914 shares at December 31, 2022	`TreasuryStockCommonValue`	$6.39B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.75B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.16B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.20B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.45B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$34.36B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.55B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.92B	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$3.10B	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$3.21B	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$1.00B	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$991.00M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$4.10B	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$4.20B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.45B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.73B	USD	1 Quarter
Other net benefit credits	`DefinedBenefitPlanOtherCosts`	$-58.00M	USD	1 Quarter
Other net benefit credits	`DefinedBenefitPlanOtherCosts`	$-62.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$14.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$110.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$136.00M	USD	1 Quarter
Investment income	`GainLossOnInvestments`	$26.00M	USD	1 Quarter
Investment income	`GainLossOnInvestments`	$2.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.42B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.66B	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$412.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$338.00M	USD	1 Quarter
Net income before non-controlling interests	`ProfitLoss`	$1.09B	USD	1 Quarter
Net income before non-controlling interests	`ProfitLoss`	$1.25B	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$15.00M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$17.00M	USD	1 Quarter
Net income attributable to the Company	`NetIncomeLoss`	$1.24B	USD	1 Quarter
Net income attributable to the Company	`NetIncomeLoss`	$1.07B	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.50	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.47	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	495.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	503.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	509.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	500.00M	shares	1 Quarter
Shares outstanding (in shares)	`CommonStockSharesOutstanding`	495.00M	shares	Point-in-time
Shares outstanding (in shares)	`CommonStockSharesOutstanding`	502.00M	shares	Point-in-time

Cash Flow Statement 93 line items

Line Item	Tag	Value	Unit	Period
Net income before non-controlling interests	`ProfitLoss`	$1.09B	USD	1 Quarter
Net income before non-controlling interests	`ProfitLoss`	$1.25B	USD	1 Quarter
Depreciation and amortization of fixed assets and capitalized software	`Depreciation`	$84.00M	USD	1 Quarter
Depreciation and amortization of fixed assets and capitalized software	`Depreciation`	$89.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$91.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$85.00M	USD	1 Quarter
Non-cash lease expense	`LeasesRightOfUseAssetAmortization`	$77.00M	USD	1 Quarter
Non-cash lease expense	`LeasesRightOfUseAssetAmortization`	$73.00M	USD	1 Quarter
Adjustments and payments related to contingent consideration assets and liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$10.00M	USD	1 Quarter
Adjustments and payments related to contingent consideration assets and liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$8.00M	USD	1 Quarter
Deconsolidation of Russian businesses	`DeconsolidationGainOrLossAmount`	-	USD	1 Quarter
Deconsolidation of Russian businesses	`DeconsolidationGainOrLossAmount`	$-39.00M	USD	1 Quarter
Net gain on investments	`GainLossOnInvestments`	$26.00M	USD	1 Quarter
Net gain on investments	`GainLossOnInvestments`	$2.00M	USD	1 Quarter
Net loss (gain) on disposition of assets	`GainLossOnSaleOfOtherAssets`	$1.00M	USD	1 Quarter
Net loss (gain) on disposition of assets	`GainLossOnSaleOfOtherAssets`	$-21.00M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$105.00M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$99.00M	USD	1 Quarter
Net receivables	`IncreaseDecreaseInReceivables`	$775.00M	USD	1 Quarter
Net receivables	`IncreaseDecreaseInReceivables`	$429.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$117.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$163.00M	USD	1 Quarter
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.67B	USD	1 Quarter
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.53B	USD	1 Quarter
Provision for taxes, net of payments and refunds	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$144.00M	USD	1 Quarter
Provision for taxes, net of payments and refunds	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$189.00M	USD	1 Quarter
Contributions to pension and other benefit plans in excess of current year credit	`PensionandOtherPostretirementBenefitContributionsInExcessofCurrentYearExpense`	$75.00M	USD	1 Quarter
Contributions to pension and other benefit plans in excess of current year credit	`PensionandOtherPostretirementBenefitContributionsInExcessofCurrentYearExpense`	$125.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-33.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$134.00M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseinOperatingLeaseLiabilities`	$-84.00M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseinOperatingLeaseLiabilities`	$-79.00M	USD	1 Quarter
Net cash used for operations	`NetCashProvidedByUsedInOperatingActivities`	$-702.00M	USD	1 Quarter
Net cash used for operations	`NetCashProvidedByUsedInOperatingActivities`	$-819.00M	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$500.00M	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$300.00M	USD	1 Quarter
Net proceeds from issuance of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$594.00M	USD	1 Quarter
Net proceeds from issuance of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$825.00M	USD	1 Quarter
Borrowings from term-loan and credit facilities	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Borrowings from term-loan and credit facilities	`ProceedsFromLinesOfCredit`	$250.00M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	$589.00M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$4.00M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$4.00M	USD	1 Quarter
Shares withheld for taxes on vested units treasury shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$134.00M	USD	1 Quarter
Shares withheld for taxes on vested units treasury shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$136.00M	USD	1 Quarter
Issuance of common stock from treasury shares	`ProceedsFromIssuanceOrSaleOfEquity`	$34.00M	USD	1 Quarter
Issuance of common stock from treasury shares	`ProceedsFromIssuanceOrSaleOfEquity`	$42.00M	USD	1 Quarter
Payments of deferred and contingent consideration for acquisitions	`PaymentsForAcquisitionsDeferredAndContingentConsideration`	$16.00M	USD	1 Quarter
Payments of deferred and contingent consideration for acquisitions	`PaymentsForAcquisitionsDeferredAndContingentConsideration`	$13.00M	USD	1 Quarter
Receipts of contingent consideration for dispositions	`ReceiptsOfContingentConsiderationForDispositions`	$3.00M	USD	1 Quarter
Receipts of contingent consideration for dispositions	`ReceiptsOfContingentConsiderationForDispositions`	$2.00M	USD	1 Quarter
Payments of Ordinary Dividends, Noncontrolling Interest	`PaymentsOfDividendsMinorityInterest`	$3.00M	USD	1 Quarter
Payments of Ordinary Dividends, Noncontrolling Interest	`PaymentsOfDividendsMinorityInterest`	$7.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$272.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$296.00M	USD	1 Quarter
Change in fiduciary liabilities	`IncreaseDecreaseInFiduciaryLiabilities`	$926.00M	USD	1 Quarter
Change in fiduciary liabilities	`IncreaseDecreaseInFiduciaryLiabilities`	$48.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$855.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$773.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$84.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$122.00M	USD	1 Quarter
Purchases of long term investments	`PaymentsToAcquireLongtermInvestments`	$4.00M	USD	1 Quarter
Purchases of long term investments	`PaymentsToAcquireLongtermInvestments`	$8.00M	USD	1 Quarter
Dispositions	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$-20.00M	USD	1 Quarter
Dispositions	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$-4.00M	USD	1 Quarter
Acquisitions, net of cash and cash held in a fiduciary capacity acquired	`PaymentToAcquireBusinessesNetOfCashAndCashHeldInAFiduciaryCapacityAcquired`	$263.00M	USD	1 Quarter
Acquisitions, net of cash and cash held in a fiduciary capacity acquired	`PaymentToAcquireBusinessesNetOfCashAndCashHeldInAFiduciaryCapacityAcquired`	$24.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.00M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-159.00M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-368.00M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-136.00M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.00M	USD	1 Quarter
Decrease in cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-142.00M	USD	1 Quarter
Decrease in cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-262.00M	USD	1 Quarter
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.10B	USD	Point-in-time
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.23B	USD	Point-in-time
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.84B	USD	Point-in-time
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.38B	USD	Point-in-time
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.10B	USD	Point-in-time
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.23B	USD	Point-in-time
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.84B	USD	Point-in-time
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.38B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.01B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$772.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.44B	USD	Point-in-time
Cash and cash equivalents held in a fiduciary capacity	`RestrictedCashAndCashEquivalents`	$10.46B	USD	Point-in-time
Cash and cash equivalents held in a fiduciary capacity	`RestrictedCashAndCashEquivalents`	$10.83B	USD	Point-in-time
Total cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.10B	USD	Point-in-time
Total cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.23B	USD	Point-in-time
Total cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.84B	USD	Point-in-time
Total cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.38B	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.75B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.16B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.20B	USD	Point-in-time
Net income attributable to the Company	`ProfitLoss`	$1.09B	USD	1 Quarter
Net income attributable to the Company	`ProfitLoss`	$1.25B	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$80.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-104.00M	USD	1 Quarter
Purchase of treasury shares	`TreasuryStockValueAcquiredCostMethod`	$300.00M	USD	1 Quarter
Purchase of treasury shares	`TreasuryStockValueAcquiredCostMethod`	$500.00M	USD	1 Quarter
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.75B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.16B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.20B	USD	Point-in-time
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashDeclared`	$1.07	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashDeclared`	$1.18	USD	1 Quarter

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income before non-controlling interests	`ProfitLoss`	$1.09B	USD	1 Quarter
Net income before non-controlling interests	`ProfitLoss`	$1.25B	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$119.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-169.00M	USD	1 Quarter
(Loss) gain related to pension/post-retirement plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$58.00M	USD	1 Quarter
(Loss) gain related to pension/post-retirement plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-86.00M	USD	1 Quarter
Other comprehensive income (loss) before tax	`OtherComprehensiveIncomeLossBeforeTax`	$-83.00M	USD	1 Quarter
Other comprehensive income (loss) before tax	`OtherComprehensiveIncomeLossBeforeTax`	$61.00M	USD	1 Quarter
Income tax (credit) expense on other comprehensive loss	`OtherComprehensiveIncomeLossTax`	$21.00M	USD	1 Quarter
Income tax (credit) expense on other comprehensive loss	`OtherComprehensiveIncomeLossTax`	$-19.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$80.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-104.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$982.00M	USD	1 Quarter
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$17.00M	USD	1 Quarter
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$15.00M	USD	1 Quarter
Comprehensive income attributable to the Company	`ComprehensiveIncomeNetOfTax`	$967.00M	USD	1 Quarter
Comprehensive income attributable to the Company	`ComprehensiveIncomeNetOfTax`	$1.31B	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.