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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 1,087 $ 887
Fiduciary assets 16,042 13,004
Accounts receivable, net 2,430 2,621
Prepaid and other current assets 363 525
Total current assets 19,922 17,037
Fixed assets, net 989 1,046
Goodwill 11,196 11,194
Other intangible assets, net 3,257 3,478
Right-of-use assets 894 968
Pension benefits assets 975 868
Other non-current assets 877 835
Total non-current assets 18,188 18,389
TOTAL ASSETS 38,110 35,426
LIABILITIES AND EQUITY    
Fiduciary liabilities 16,042 13,004
Deferred revenue and accrued expenses 1,504 1,784
Current debt 525 316
Current lease liabilities 144 164
Other current liabilities 804 802
Total current liabilities 19,019 16,070
Long-term debt 5,068 5,301
Liability for pension benefits 1,235 1,324
Deferred tax liabilities 575 526
Provision for liabilities 534 537
Long-term lease liabilities 906 964
Other non-current liabilities 317 335
Total non-current liabilities 8,635 8,987
TOTAL LIABILITIES 27,654 25,057
COMMITMENTS AND CONTINGENCIES 0 0
EQUITY    
Additional paid-in capital 10,713 10,687
Retained earnings 2,015 1,792
Accumulated other comprehensive loss, net of tax (2,390) (2,227)
Treasury shares, at cost, 17,519 shares in 2020 and 2019, and 40,000 shares, €1 nominal value in 2019 (3) (3)
Total Willis Towers Watson shareholders’ equity 10,335 10,249
Non-controlling interests 121 120
Total equity 10,456 10,369
TOTAL LIABILITIES AND EQUITY $ 38,110 $ 35,426