10-Q Filing

MARSH & MCLENNAN COMPANIES, INC. CIK: 62709 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000062709-23-000075`
Period End Date	20230630
Filing Date	20230720
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	mmc-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 74 Cash Flow Statement 105 Stockholders Equity 20 Comprehensive Income 36

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.53B	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.61B	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	6.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$909.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.44B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.17B	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	6.00M	shares	Point-in-time
Cash and cash equivalents held in a fiduciary capacity	`CashAndInvestmentsHeldInFiduciaryCapacityCurrent`	$10.66B	USD	Point-in-time
Cash and cash equivalents held in a fiduciary capacity	`CashAndInvestmentsHeldInFiduciaryCapacityCurrent`	$11.56B	USD	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
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
Commissions and fees	`AccruedFeesandOtherRevenueReceivableGrossCurrent`	$6.41B	USD	Point-in-time
Commissions and fees	`AccruedFeesandOtherRevenueReceivableGrossCurrent`	$5.29B	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
Advanced premiums and claims	`AdvancedPremiumsandClaimsReceivableGrossCurrent`	$97.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	560.64M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	560.64M	shares	Point-in-time
Other	`OtherReceivablesGrossCurrent`	$637.00M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	65.86M	shares	Point-in-time
Other	`OtherReceivablesGrossCurrent`	$616.00M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	66.59M	shares	Point-in-time
Gross receivables	`AccountsReceivableGrossCurrent`	$6.01B	USD	Point-in-time
Gross receivables	`AccountsReceivableGrossCurrent`	$7.14B	USD	Point-in-time
Less-allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$154.00M	USD	Point-in-time
Less-allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$160.00M	USD	Point-in-time
Net receivables	`ReceivablesNetCurrent`	$5.85B	USD	Point-in-time
Net receivables	`ReceivablesNetCurrent`	$6.99B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.08B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.00B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.80B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.96B	USD	Point-in-time
Goodwill	`Goodwill`	$16.25B	USD	Point-in-time
Goodwill	`Goodwill`	$16.32B	USD	Point-in-time
Goodwill	`Goodwill`	$16.62B	USD	Point-in-time
Goodwill	`Goodwill`	$15.96B	USD	Point-in-time
Other intangible assets	`OtherIntangibleAssetsNet`	$2.51B	USD	Point-in-time
Other intangible assets	`OtherIntangibleAssetsNet`	$2.54B	USD	Point-in-time
Fixed assets (net of accumulated depreciation and amortization of $1,611 at June 30, 2023 and $1,531 at December 31, 2022)	`PropertyPlantAndEquipmentNet`	$870.00M	USD	Point-in-time
Fixed assets (net of accumulated depreciation and amortization of $1,611 at June 30, 2023 and $1,531 at December 31, 2022)	`PropertyPlantAndEquipmentNet`	$871.00M	USD	Point-in-time
Pension related assets	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$2.33B	USD	Point-in-time
Pension related assets	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$2.13B	USD	Point-in-time
Right of use assets	`OperatingLeaseRightOfUseAsset`	$1.57B	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`	$365.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.50B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.45B	USD	Point-in-time
Total assets	`Assets`	$44.11B	USD	Point-in-time
Total assets	`Assets`	$46.57B	USD	Point-in-time
Short-term debt	`DebtCurrent`	$268.00M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$2.38B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.14B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.28B	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$3.10B	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.02B	USD	Point-in-time
Current lease liabilities	`OperatingLeaseLiabilityCurrent`	$309.00M	USD	Point-in-time
Current lease liabilities	`OperatingLeaseLiabilityCurrent`	$310.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$407.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$221.00M	USD	Point-in-time
Fiduciary liabilities	`FiduciaryLiabilitiesCurrent`	$10.66B	USD	Point-in-time
Fiduciary liabilities	`FiduciaryLiabilitiesCurrent`	$11.56B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.83B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.81B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$11.23B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$10.25B	USD	Point-in-time
Pension, post-retirement and post-employment benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$921.00M	USD	Point-in-time
Pension, post-retirement and post-employment benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$866.00M	USD	Point-in-time
Long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.70B	USD	Point-in-time
Long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.67B	USD	Point-in-time
Liabilities for errors and omissions	`LiabilityForErrorsAndOmissions`	$364.00M	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`	$1.44B	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 June 30, 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 June 30, 2023 and December 31, 2022	`CommonStockValue`	$561.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.07B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.18B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.30B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.98B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.05B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.31B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$229.00M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$178.00M	USD	Point-in-time
Stockholders' equity before treasury stock	`StockholdersEquitySubtotalBeforeTreasuryStock`	$18.74B	USD	Point-in-time
Stockholders' equity before treasury stock	`StockholdersEquitySubtotalBeforeTreasuryStock`	$16.96B	USD	Point-in-time
Less treasury shares, at cost, 66,590,930 shares at June 30, 2023 and 65,855,914 shares at December 31, 2022	`TreasuryStockCommonValue`	$6.21B	USD	Point-in-time
Less treasury shares, at cost, 66,590,930 shares at June 30, 2023 and 65,855,914 shares at December 31, 2022	`TreasuryStockCommonValue`	$6.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.75B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.92B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.14B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$44.11B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$46.57B	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$11.80B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$10.93B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.38B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.88B	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$6.11B	USD	2 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$3.34B	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$3.01B	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$6.54B	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$2.01B	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$1.08B	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$1.00B	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$2.07B	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$4.01B	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$8.12B	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$4.42B	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$8.62B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.36B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.81B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.46B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.18B	USD	2 Qtrs
Other net benefit credits	`DefinedBenefitPlanOtherCosts`	$-59.00M	USD	1 Quarter
Other net benefit credits	`DefinedBenefitPlanOtherCosts`	$-60.00M	USD	1 Quarter
Other net benefit credits	`DefinedBenefitPlanOtherCosts`	$-118.00M	USD	2 Qtrs
Other net benefit credits	`DefinedBenefitPlanOtherCosts`	$-121.00M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$24.00M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$10.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$114.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$146.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$282.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$224.00M	USD	2 Qtrs
Investment income	`GainLossOnInvestments`	$28.00M	USD	2 Qtrs
Investment income	`GainLossOnInvestments`	$2.00M	USD	1 Quarter
Investment income	`GainLossOnInvestments`	$3.00M	USD	1 Quarter
Investment income	`GainLossOnInvestments`	$5.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.05B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.31B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.74B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.38B	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$749.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$672.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$334.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$337.00M	USD	1 Quarter
Net income before non-controlling interests	`ProfitLoss`	$978.00M	USD	1 Quarter
Net income before non-controlling interests	`ProfitLoss`	$2.30B	USD	2 Qtrs
Net income before non-controlling interests	`ProfitLoss`	$2.06B	USD	2 Qtrs
Net income before non-controlling interests	`ProfitLoss`	$1.05B	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$26.00M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$29.00M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.00M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.00M	USD	1 Quarter
Net income attributable to the Company	`NetIncomeLoss`	$967.00M	USD	1 Quarter
Net income attributable to the Company	`NetIncomeLoss`	$2.27B	USD	2 Qtrs
Net income attributable to the Company	`NetIncomeLoss`	$2.04B	USD	2 Qtrs
Net income attributable to the Company	`NetIncomeLoss`	$1.03B	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$4.59	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.93	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$4.06	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.91	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.55	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.01	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	501.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	495.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	495.00M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	502.00M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	508.00M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	499.00M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	499.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	506.00M	shares	1 Quarter
Shares outstanding (in shares)	`CommonStockSharesOutstanding`	494.00M	shares	Point-in-time
Shares outstanding (in shares)	`CommonStockSharesOutstanding`	499.00M	shares	Point-in-time

Cash Flow Statement 105 line items

Line Item	Tag	Value	Unit	Period
Net income before non-controlling interests	`ProfitLoss`	$978.00M	USD	1 Quarter
Net income before non-controlling interests	`ProfitLoss`	$2.30B	USD	2 Qtrs
Net income before non-controlling interests	`ProfitLoss`	$2.06B	USD	2 Qtrs
Net income before non-controlling interests	`ProfitLoss`	$1.05B	USD	1 Quarter
Depreciation and amortization of fixed assets and capitalized software	`Depreciation`	$175.00M	USD	2 Qtrs
Depreciation and amortization of fixed assets and capitalized software	`Depreciation`	$174.00M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$172.00M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$174.00M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$87.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$83.00M	USD	1 Quarter
Non-cash lease expense	`LeasesRightOfUseAssetAmortization`	$143.00M	USD	2 Qtrs
Non-cash lease expense	`LeasesRightOfUseAssetAmortization`	$152.00M	USD	2 Qtrs
Adjustments and payments related to contingent consideration assets and liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$9.00M	USD	2 Qtrs
Adjustments and payments related to contingent consideration assets and liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-23.00M	USD	2 Qtrs
Deconsolidation of Russian businesses	`DeconsolidationGainOrLossAmount`	$-39.00M	USD	2 Qtrs
Deconsolidation of Russian businesses	`DeconsolidationGainOrLossAmount`	$-39.00M	USD	1 Quarter
Deconsolidation of Russian businesses	`DeconsolidationGainOrLossAmount`	-	USD	2 Qtrs
Net gain on investments	`GainLossOnInvestments`	$28.00M	USD	2 Qtrs
Net gain on investments	`GainLossOnInvestments`	$2.00M	USD	1 Quarter
Net gain on investments	`GainLossOnInvestments`	$3.00M	USD	1 Quarter
Net gain on investments	`GainLossOnInvestments`	$5.00M	USD	2 Qtrs
Net loss (gain) on disposition of assets	`GainLossOnSaleOfOtherAssets`	$-19.00M	USD	2 Qtrs
Net loss (gain) on disposition of assets	`GainLossOnSaleOfOtherAssets`	$111.00M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$191.00M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$194.00M	USD	2 Qtrs
Net receivables	`IncreaseDecreaseInReceivables`	$978.00M	USD	2 Qtrs
Net receivables	`IncreaseDecreaseInReceivables`	$1.03B	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$65.00M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$108.00M	USD	2 Qtrs
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-992.00M	USD	2 Qtrs
Accrued compensation and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.10B	USD	2 Qtrs
Provision for taxes, net of payments and refunds	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$235.00M	USD	2 Qtrs
Provision for taxes, net of payments and refunds	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$245.00M	USD	2 Qtrs
Contributions to pension and other benefit plans in excess of current year credit	`PensionandOtherPostretirementBenefitContributionsInExcessofCurrentYearExpense`	$226.00M	USD	2 Qtrs
Contributions to pension and other benefit plans in excess of current year credit	`PensionandOtherPostretirementBenefitContributionsInExcessofCurrentYearExpense`	$164.00M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$10.00M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$105.00M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseinOperatingLeaseLiabilities`	$-159.00M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseinOperatingLeaseLiabilities`	$-166.00M	USD	2 Qtrs
Net cash provided by operations	`NetCashProvidedByUsedInOperatingActivities`	$580.00M	USD	2 Qtrs
Net cash provided by operations	`NetCashProvidedByUsedInOperatingActivities`	$665.00M	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$1.10B	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$600.00M	USD	2 Qtrs
Net proceeds from issuance of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$944.00M	USD	2 Qtrs
Net proceeds from issuance of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$308.00M	USD	2 Qtrs
Borrowings from term-loan and credit facilities	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Borrowings from term-loan and credit facilities	`ProceedsFromLinesOfCredit`	$200.00M	USD	2 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	-	USD	2 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	$589.00M	USD	2 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$8.00M	USD	2 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$8.00M	USD	2 Qtrs
Purchase of non-controlling interests	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Purchase of non-controlling interests	`PaymentsToMinorityShareholders`	$139.00M	USD	2 Qtrs
Shares withheld for taxes on vested units treasury shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$180.00M	USD	2 Qtrs
Shares withheld for taxes on vested units treasury shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$141.00M	USD	2 Qtrs
Issuance of common stock from treasury shares	`ProceedsFromIssuanceOrSaleOfEquity`	$120.00M	USD	2 Qtrs
Issuance of common stock from treasury shares	`ProceedsFromIssuanceOrSaleOfEquity`	$65.00M	USD	2 Qtrs
Payments of deferred and contingent consideration for acquisitions	`PaymentsForAcquisitionsDeferredAndContingentConsideration`	$185.00M	USD	2 Qtrs
Payments of deferred and contingent consideration for acquisitions	`PaymentsForAcquisitionsDeferredAndContingentConsideration`	$92.00M	USD	2 Qtrs
Receipts of contingent consideration for dispositions	`ReceiptsOfContingentConsiderationForDispositions`	$3.00M	USD	2 Qtrs
Receipts of contingent consideration for dispositions	`ReceiptsOfContingentConsiderationForDispositions`	$2.00M	USD	2 Qtrs
Distributions of non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$10.00M	USD	2 Qtrs
Distributions of non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$15.00M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$547.00M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$591.00M	USD	2 Qtrs
Change in fiduciary liabilities	`IncreaseDecreaseInFiduciaryLiabilities`	$682.00M	USD	2 Qtrs
Change in fiduciary liabilities	`IncreaseDecreaseInFiduciaryLiabilities`	$1.43B	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$498.00M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$227.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$185.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$239.00M	USD	2 Qtrs
Purchases of long term investments	`PaymentsToAcquireLongtermInvestments`	$16.00M	USD	2 Qtrs
Purchases of long term investments	`PaymentsToAcquireLongtermInvestments`	$30.00M	USD	2 Qtrs
Sales of long term investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$5.00M	USD	2 Qtrs
Sales of long term investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$16.00M	USD	2 Qtrs
Dispositions	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$20.00M	USD	1 Quarter
Dispositions	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$135.00M	USD	2 Qtrs
Dispositions	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$-17.00M	USD	2 Qtrs
Acquisitions, net of cash and cash held in a fiduciary capacity acquired	`PaymentToAcquireBusinessesNetOfCashAndCashHeldInAFiduciaryCapacityAcquired`	$292.00M	USD	2 Qtrs
Acquisitions, net of cash and cash held in a fiduciary capacity acquired	`PaymentToAcquireBusinessesNetOfCashAndCashHeldInAFiduciaryCapacityAcquired`	$151.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-8.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-7.00M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-258.00M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-501.00M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-755.00M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$242.00M	USD	2 Qtrs
Increase in cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$65.00M	USD	2 Qtrs
Increase in cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$633.00M	USD	2 Qtrs
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.73B	USD	Point-in-time
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`	$11.37B	USD	Point-in-time
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.44B	USD	Point-in-time
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.73B	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`	$11.37B	USD	Point-in-time
Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.44B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$909.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.44B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.17B	USD	Point-in-time
Cash and cash equivalents held in a fiduciary capacity	`RestrictedCashAndCashEquivalents`	$10.53B	USD	Point-in-time
Cash and cash equivalents held in a fiduciary capacity	`RestrictedCashAndCashEquivalents`	$11.56B	USD	Point-in-time
Total cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.73B	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`	$11.37B	USD	Point-in-time
Total cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.44B	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.75B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.92B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.14B	USD	Point-in-time
Net income attributable to the Company	`ProfitLoss`	$978.00M	USD	1 Quarter
Net income attributable to the Company	`ProfitLoss`	$2.30B	USD	2 Qtrs
Net income attributable to the Company	`ProfitLoss`	$2.06B	USD	2 Qtrs
Net income attributable to the Company	`ProfitLoss`	$1.05B	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$179.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-788.00M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$259.00M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-684.00M	USD	1 Quarter
Purchase of treasury shares	`TreasuryStockValueAcquiredCostMethod`	$1.10B	USD	2 Qtrs
Purchase of treasury shares	`TreasuryStockValueAcquiredCostMethod`	$600.00M	USD	2 Qtrs
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.75B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.92B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.14B	USD	Point-in-time
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashDeclared`	$1.18	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashDeclared`	$1.07	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashDeclared`	-	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashDeclared`	$0.54	USD	1 Quarter

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Net income before non-controlling interests	`ProfitLoss`	$978.00M	USD	1 Quarter
Net income before non-controlling interests	`ProfitLoss`	$2.30B	USD	2 Qtrs
Net income before non-controlling interests	`ProfitLoss`	$2.06B	USD	2 Qtrs
Net income before non-controlling interests	`ProfitLoss`	$1.05B	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$223.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-864.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$342.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-1.03B	USD	2 Qtrs
(Loss) gain related to pension/post-retirement plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$120.00M	USD	2 Qtrs
(Loss) gain related to pension/post-retirement plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-322.00M	USD	2 Qtrs
(Loss) gain related to pension/post-retirement plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$62.00M	USD	1 Quarter
(Loss) gain related to pension/post-retirement plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-236.00M	USD	1 Quarter
Other comprehensive income (loss) before tax	`OtherComprehensiveIncomeLossBeforeTax`	$222.00M	USD	2 Qtrs
Other comprehensive income (loss) before tax	`OtherComprehensiveIncomeLossBeforeTax`	$-711.00M	USD	2 Qtrs
Other comprehensive income (loss) before tax	`OtherComprehensiveIncomeLossBeforeTax`	$161.00M	USD	1 Quarter
Other comprehensive income (loss) before tax	`OtherComprehensiveIncomeLossBeforeTax`	$-628.00M	USD	1 Quarter
Income tax (credit) expense on other comprehensive loss	`OtherComprehensiveIncomeLossTax`	$77.00M	USD	2 Qtrs
Income tax (credit) expense on other comprehensive loss	`OtherComprehensiveIncomeLossTax`	$-37.00M	USD	2 Qtrs
Income tax (credit) expense on other comprehensive loss	`OtherComprehensiveIncomeLossTax`	$56.00M	USD	1 Quarter
Income tax (credit) expense on other comprehensive loss	`OtherComprehensiveIncomeLossTax`	$-18.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$179.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-788.00M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$259.00M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-684.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$294.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.56B	USD	2 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$29.00M	USD	2 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$26.00M	USD	2 Qtrs
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$12.00M	USD	1 Quarter
Less: comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$11.00M	USD	1 Quarter
Comprehensive income attributable to the Company	`ComprehensiveIncomeNetOfTax`	$283.00M	USD	1 Quarter
Comprehensive income attributable to the Company	`ComprehensiveIncomeNetOfTax`	$1.25B	USD	2 Qtrs
Comprehensive income attributable to the Company	`ComprehensiveIncomeNetOfTax`	$1.21B	USD	1 Quarter
Comprehensive income attributable to the Company	`ComprehensiveIncomeNetOfTax`	$2.53B	USD	2 Qtrs

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