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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES        
Commissions and fees $ 930 $ 885 $ 2,020 $ 1,931
Investment income 4 3 8 7
Other income 1 2 4 3
Total revenues 935 890 2,032 1,941
EXPENSES        
Salaries and benefits (575) (529) (1,145) (1,097)
Other operating expenses (173) (159) (338) (321)
Depreciation expense (24) (21) (47) (47)
Amortization of intangible assets (12) (14) (25) (28)
Restructuring Costs (3) 0 (3) 0
Total expenses (787) (723) (1,558) (1,493)
OPERATING INCOME 148 167 474 448
Other (expense) income, net (3) 4 (3) 10
Interest expense (35) (32) (67) (63)
INCOME BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES 110 139 404 395
Income taxes (59) (29) (122) (77)
INCOME BEFORE INTEREST IN EARNINGS OF ASSOCIATES 51 110 282 318
Interest in (losses) / earnings of associates, net of tax (3) (3) 16 12
NET INCOME 48 107 298 330
Less: net income attributable to noncontrolling interests (1) (2) (5) (6)
NET INCOME ATTRIBUTABLE TO WILLIS GROUP HOLDINGS $ 47 $ 105 $ 293 $ 324
EARNINGS PER SHARE — BASIC AND DILUTED        
— Basic earnings per share - continuing operations $ 0.26 $ 0.60 $ 1.64 $ 1.86
— Diluted earnings per share - continuing operations $ 0.26 $ 0.59 $ 1.61 $ 1.83
CASH DIVIDENDS DECLARED PER SHARE $ 0.30 $ 0.28 $ 0.60 $ 0.56