Investments (Tables)

12 Months Ended

Dec. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Schedule of interest bearing assets

The Company's interest-bearing assets and other investments are included in the following categories in the Consolidated Statements of Financial Position (in millions):

As of December 31	2013		2012
Cash and cash equivalents	$	477	$	291
Short-term investments	523		346
Fiduciary assets (1)	3,778		4,029
Investments	132		165
	$	4,910	$	4,831

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

Schedule of investments

The Company's investments are as follows (in millions):

As of December 31	2013		2012
Equity method investments	$	113	$	102
Other investments, at cost (2)	10		43
Fixed-maturity securities (2)	9		20
	$	132	$	165

(2) The reductions in other investments and fixed-maturity securities are primarily due to sales.