Investments (Tables)

9 Months Ended

Sep. 30, 2012

Investments

Schedule of interest bearing assets

	September30,		December31,
(in millions)	2012		2011
Cash and cash equivalents	$	290	$	272
Short-term investments	718		785
Fiduciary assets (1)	4,147		4,190
Investments	160		239
	$	5,315	$	5,486

(1) Fiduciary assets include funds held on behalf of clients but does not include fiduciary receivables.

Schedule of investments

	September30,		December31,
(in millions)	2012		2011
Equity method investments (2)	$	103	$	164
Other investments, at cost	39		60
Fixed-maturity securities	18		15
	$	160	$	239

(2) The reduction in equity method investments is primarily due to redemptions.