CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 2,511	$ 2,398
Cash and cash equivalents held in a fiduciary capacity	12,001	11,276
Receivables
Commissions and fees	7,256	6,533
Advanced premiums and claims	63	84
Other	760	706
Gross receivables	8,079	7,323
Less-allowance for credit losses	(173)	(167)
Net receivables	7,906	7,156
Other current assets	1,281	1,287
Total current assets	23,699	22,117
Goodwill	23,949	23,306
Other intangible assets	4,671	4,820
Fixed assets (net of accumulated depreciation and amortization of $1,669 at September 30, 2025 and $1,538 at December 31, 2024)	820	859
Pension related assets	2,212	1,914
Right of use assets	1,436	1,498
Deferred tax assets	248	237
Other assets	1,748	1,730
Total assets	58,783	56,481
Current liabilities:
Short-term debt	1,263	519
Accounts payable and accrued liabilities	3,355	3,402
Accrued compensation and employee benefits	3,089	3,620
Current lease liabilities	332	325
Accrued income taxes	617	376
Dividends payable	441	0
Fiduciary liabilities	12,001	11,276
Total current liabilities	21,098	19,518
Long-term debt	18,317	19,428
Pension, post-retirement and post-employment benefits	791	840
Long-term lease liabilities	1,514	1,590
Liabilities for errors and omissions	285	305
Other liabilities	1,419	1,265
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 September 30, 2025 and December 31, 2024	561	561
Additional paid-in capital	1,457	1,370
Retained earnings	26,948	25,306
Accumulated other comprehensive loss	(5,441)	(6,240)
Non-controlling interests	206	193
Stockholders' equity before treasury stock	23,731	21,190
Less – treasury shares, at cost, 70,639,222 shares at September 30, 2025 and 69,239,488 shares at December 31, 2024	(8,372)	(7,655)
Total equity	15,359	13,535
Total liabilities and stockholders' equity	$ 58,783	$ 56,481