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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Commissions and fees $ 854 $ 789 $ 1,854 $ 1,752
Investment income 8 10 16 19
Other income 1   1  
Total revenues 863 799 1,871 1,771
EXPENSES        
Salaries and benefits (506) (456) (1,090) (942)
Other operating expenses (164) (135) (317) (284)
Depreciation expense (19) (16) (39) (31) [1]
Amortization of intangible assets (17) (21) (34) (42) [1]
Net gain (loss) on disposal of operations   (2) 4 (2)
Total expenses 706 630 1,476 1,301
OPERATING INCOME 157 169 395 470
Make-whole on repurchase and redemption of senior notes and write-off of debt issuance costs     (171)  
Interest expense (34) (41) (74) (84)
INCOME BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES 123 128 150 386
Income taxes (31) (35) (32) (102)
INCOME BEFORE INTEREST IN EARNINGS OF ASSOCIATES 92 93 118 284
Interest in earnings of associates, net of tax (3) (2) 13 18
NET INCOME 89 91 131 302 [1]
Less: net income attributable to noncontrolling interests (4) (2) (12) (9)
NET INCOME ATTRIBUTABLE TO WILLIS GROUP HOLDINGS $ 85 $ 89 $ 119 $ 293
EARNINGS PER SHARE - BASIC AND DILUTED        
Basic earnings per share $ 0.49 $ 0.52 $ 0.69 $ 1.73
Diluted earnings per share $ 0.48 $ 0.52 $ 0.68 $ 1.71
CASH DIVIDENDS DECLARED PER SHARE $ 0.26 $ 0.26 $ 0.52 $ 0.52
[1] The 2010 Unaudited Condensed Consolidated Statement of Cash Flows has been recast to conform to the new balance sheet presentation. See Note 2 - Basis of Presentation and Significant Accounting Policies for details.