XML 41 R145.htm IDEA: XBRL DOCUMENT v3.2.0.727
Financial Information for Parent Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries (Income Statement Disclosures) (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
REVENUES                      
Commissions and fees                 $ 3,767 $ 3,633 $ 3,458
Gross Investment Income, Operating                 16 15 18
Other income                 19 7 4
Total Revenues $ 958 $ 812 $ 935 $ 1,097 $ 919 $ 795 $ 890 $ 1,051 3,802 3,655 3,480
EXPENSES                      
Salaries and benefits                 (2,314) (2,207) (2,475)
Other operating expenses                 (659) (636) (600)
Depreciation expense                 (92) (94) (79)
Amortization of intangible assets                 (54) (55) (59)
Restructuring Costs                 (36) 0 0
Goodwill impairment charge                 0 0 (492)
Total expenses (819) (778) (787) (771) (774) (725) (723) (770) (3,155) (2,992) (3,705)
OPERATING (LOSS) INCOME                 647 663 (225)
Income from group undertakings                 0 0 0
Expenses due to group undertakings                 0 0 0
Other Nonoperating Income (Expense)                 6 22 16
Loss on extinguishment of debt                 0 (60) 0
Interest expense                 (135) (126) (128)
(Loss) Income from continuing operations before income taxes and interest in earnings of associates                 518 499 (337)
Income taxes                 (159) (122) (101)
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES                 359 377 (438)
Interest in earnings of associates, net of tax                 14 0 5
EQUITY ACCOUNT FOR SUBSIDIARIES                 0 0 0
Net income (loss) 83 (8) 48 250 74 (27) 107 223 373 377 (433)
Less: net income attributable to noncontrolling interests                 (11) (12) (13)
NET INCOME ATTRIBUTABLE TO WILLIS GROUP HOLDINGS $ 76 $ (7) $ 47 $ 246 $ 68 $ (27) $ 105 $ 219 362 365 (446)
Willis Group Holdings — the Parent Issuer                      
REVENUES                      
Commissions and fees                 0 0 0
Gross Investment Income, Operating                 0 0 0
Other income                 0 0 0
Total Revenues                 0 0 0
EXPENSES                      
Salaries and benefits                 (1) (1) (2)
Other operating expenses                 (16) (5) (6)
Depreciation expense                 0 0 0
Amortization of intangible assets                 0 0 0
Restructuring Costs                 0    
Goodwill impairment charge                     0
Total expenses                 (17) (6) (8)
OPERATING (LOSS) INCOME                 (17) (6) (8)
Income from group undertakings                 0 0 0
Expenses due to group undertakings                 0 (10) 0
Other Nonoperating Income (Expense)                 (15) 5 2
Loss on extinguishment of debt                   0  
Interest expense                 (43) (42) (43)
(Loss) Income from continuing operations before income taxes and interest in earnings of associates                 (75) (53) (49)
Income taxes                 0 0 0
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES                 (75) (53) (49)
Interest in earnings of associates, net of tax                 0 0 0
EQUITY ACCOUNT FOR SUBSIDIARIES                 437 418 (397)
Net income (loss)                 362 365 (446)
Less: net income attributable to noncontrolling interests                 0 0 0
NET INCOME ATTRIBUTABLE TO WILLIS GROUP HOLDINGS                 362 365 (446)
The Guarantors                      
REVENUES                      
Commissions and fees                 8 8 0
Gross Investment Income, Operating                 0 0 1
Other income                 0 0 0
Total Revenues                 8 8 1
EXPENSES                      
Salaries and benefits                 (81) (103) (96)
Other operating expenses                 (133) (232) (158)
Depreciation expense                 (21) (23) (16)
Amortization of intangible assets                 0 0 0
Restructuring Costs                 (14)    
Goodwill impairment charge                     0
Total expenses                 (249) (358) (270)
OPERATING (LOSS) INCOME                 (241) (350) (269)
Income from group undertakings                 424 466 409
Expenses due to group undertakings                 (102) (86) (106)
Other Nonoperating Income (Expense)                 (220) (4) (3)
Loss on extinguishment of debt                   (60)  
Interest expense                 (80) (79) (77)
(Loss) Income from continuing operations before income taxes and interest in earnings of associates                 (219) (113) (46)
Income taxes                 49 23 65
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES                 (170) (90) 19
Interest in earnings of associates, net of tax                 10 9 8
EQUITY ACCOUNT FOR SUBSIDIARIES                 588 498 (424)
Net income (loss)                 428 417 (397)
Less: net income attributable to noncontrolling interests                 0 0 0
NET INCOME ATTRIBUTABLE TO WILLIS GROUP HOLDINGS                 428 417 (397)
Other                      
REVENUES                      
Commissions and fees                 3,759 3,625 3,458
Gross Investment Income, Operating                 16 15 17
Other income                 19 7 4
Total Revenues                 3,794 3,647 3,479
EXPENSES                      
Salaries and benefits                 (2,232) (2,103) (2,377)
Other operating expenses                 (510) (399) (436)
Depreciation expense                 (71) (71) (63)
Amortization of intangible assets                 (54) (55) (59)
Restructuring Costs                 (22)    
Goodwill impairment charge                     (492)
Total expenses                 (2,889) (2,628) (3,427)
OPERATING (LOSS) INCOME                 905 1,019 52
Income from group undertakings                 102 86 111
Expenses due to group undertakings                 (424) (456) (414)
Other Nonoperating Income (Expense)                 11 31 17
Loss on extinguishment of debt                   0  
Interest expense                 (12) (5) (8)
(Loss) Income from continuing operations before income taxes and interest in earnings of associates                 582 675 (242)
Income taxes                 (208) (145) (166)
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES                 374 530 (408)
Interest in earnings of associates, net of tax                 4 (9) (3)
EQUITY ACCOUNT FOR SUBSIDIARIES                 0 0 0
Net income (loss)                 378 521 (411)
Less: net income attributable to noncontrolling interests                 (11) (12) (13)
NET INCOME ATTRIBUTABLE TO WILLIS GROUP HOLDINGS                 367 509 (424)
Consolidating adjustments                      
REVENUES                      
Commissions and fees                 0 0 0
Gross Investment Income, Operating                 0 0 0
Other income                 0 0 0
Total Revenues                 0 0 0
EXPENSES                      
Salaries and benefits                 0 0 0
Other operating expenses                 0 0 0
Depreciation expense                 0 0 0
Amortization of intangible assets                 0 0 0
Restructuring Costs                 0    
Goodwill impairment charge                     0
Total expenses                 0 0 0
OPERATING (LOSS) INCOME                 0 0 0
Income from group undertakings                 (526) (552) (520)
Expenses due to group undertakings                 526 552 520
Other Nonoperating Income (Expense)                 230 (10) 0
Loss on extinguishment of debt                   0  
Interest expense                 0 0 0
(Loss) Income from continuing operations before income taxes and interest in earnings of associates                 230 (10) 0
Income taxes                 0 0 0
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES                 230 (10) 0
Interest in earnings of associates, net of tax                 0 0 0
EQUITY ACCOUNT FOR SUBSIDIARIES                 (1,025) (916) 821
Net income (loss)                 (795) (926) 821
Less: net income attributable to noncontrolling interests                 0 0 0
NET INCOME ATTRIBUTABLE TO WILLIS GROUP HOLDINGS                 $ (795) $ (926) $ 821