CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,398	$ 3,358
Cash and cash equivalents held in a fiduciary capacity	11,276	10,794
Receivables
Commissions and fees	6,533	5,806
Advanced premiums and claims	84	103
Other	706	660
Gross receivables	7,323	6,569
Less – allowance for credit losses	(167)	(151)
Net receivables	7,156	6,418
Other current assets	1,287	1,178
Total current assets	22,117	21,748
Goodwill	23,306	17,231
Other intangible assets	4,820	2,630
Fixed assets, net	859	882
Pension related assets	1,914	2,051
Right of use assets	1,498	1,541
Deferred tax assets	237	357
Other assets	1,730	1,590
Total assets	56,481	48,030
Current liabilities:
Short-term debt	519	1,619
Accounts payable and accrued liabilities	3,402	3,403
Accrued compensation and employee benefits	3,620	3,346
Current lease liabilities	325	312
Accrued income taxes	376	321
Fiduciary liabilities	11,276	10,794
Total current liabilities	19,518	19,795
Long-term debt	19,428	11,844
Pension, post-retirement and post-employment benefits	840	779
Long-term lease liabilities	1,590	1,661
Liability for errors and omissions	305	314
Other liabilities	1,265	1,267
Commitments and contingencies	0	0
Equity:
Preferred stock, $1 par value, authorized 6,000,000 shares, none issued	0	0
Common stock, $1 par value, authorized 1,600,000,000 shares, issued 560,641,640 shares at December 31, 2024 and 2023	561	561
Additional paid-in capital	1,370	1,242
Retained earnings	25,306	22,759
Accumulated other comprehensive loss	(6,240)	(5,295)
Non-controlling interests	193	179
Stockholders equity subtotal before treasury stock	21,190	19,446
Less – treasury shares, at cost, 69,239,488 shares at December 31, 2024 and 68,635,498 shares at December 31, 2023	(7,655)	(7,076)
Total equity	13,535	12,370
Total liabilities and stockholders' equity	$ 56,481	$ 48,030