10-K
Annual Report
Marsh & McLennan Companies, Inc.
MMC
CHX
CIK: 62709
File #: 1-5998
Balance Sheet
69 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 2,398,000,000 | 3,358,000,000 |
Cash and cash equivalents held in a fiduciary capacity | 11,276,000,000 | 10,794,000,000 |
Receivables | ||
Commissions and fees | 6,533,000,000 | 5,806,000,000 |
Advanced premiums and claims | 84,000,000 | 103,000,000 |
Other | 706,000,000 | 660,000,000 |
Gross receivables | 7,323,000,000 | 6,569,000,000 |
Less – allowance for credit losses | 167,000,000 | 151,000,000 |
Net receivables | 7,156,000,000 | 6,418,000,000 |
Other current assets | 1,287,000,000 | 1,178,000,000 |
Total current assets | 22,117,000,000 | 21,748,000,000 |
Goodwill | 23,306,000,000 | 17,231,000,000 |
McGriff | 5,184,000,000 | — |
Other | 1,223,000,000 | — |
Current Year Business Acquisitions | 6,407,000,000 | — |
Risk and Insurance Services | 18,800,000,000 | — |
Consulting Segment | 4,500,000,000 | — |
Other intangible assets | 4,820,000,000 | 2,630,000,000 |
Fixed assets, net | 859,000,000 | 882,000,000 |
U.S. | 494,000,000 | 468,000,000 |
United Kingdom | 150,000,000 | 168,000,000 |
Other | 215,000,000 | 246,000,000 |
Pension related assets | 1,914,000,000 | 2,051,000,000 |
Non-U.S. - Pension Benefits | 1,913,000,000 | 2,050,000,000 |
Non-U.S. - Post-retirement Benefits | 0 | 0 |
Right of use assets | 1,498,000,000 | 1,541,000,000 |
Deferred tax assets | 237,000,000 | 357,000,000 |
Other assets | 1,730,000,000 | 1,590,000,000 |
Total assets | 56,481,000,000 | 48,030,000,000 |
LIABILITIES AND EQUITY | ||
Current liabilities: | ||
Short-term debt | 519,000,000 | 1,619,000,000 |
Accounts payable and accrued liabilities | 3,402,000,000 | 3,403,000,000 |
Accrued compensation and employee benefits | 3,620,000,000 | 3,346,000,000 |
Current lease liabilities | 325,000,000 | 312,000,000 |
Accrued income taxes | 376,000,000 | 321,000,000 |
Fiduciary liabilities | 11,276,000,000 | 10,794,000,000 |
Total current liabilities | 19,518,000,000 | 19,795,000,000 |
Long-term debt | 19,428,000,000 | 11,844,000,000 |
Pension, post-retirement and post-employment benefits | 840,000,000 | 779,000,000 |
U.S. - Pension Benefits | 495,000,000 | 425,000,000 |
U.S. - Post-retirement Benefits | 14,000,000 | 17,000,000 |
Non-U.S. - Pension Benefits | 244,000,000 | 256,000,000 |
Non-U.S. - Post-retirement Benefits | 43,000,000 | 37,000,000 |
Long-term lease liabilities | 1,590,000,000 | 1,661,000,000 |
Liability for errors and omissions | 305,000,000 | 314,000,000 |
Other liabilities | 1,265,000,000 | 1,267,000,000 |
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 | 561,000,000 | 561,000,000 |
Additional paid-in capital | 1,370,000,000 | 1,242,000,000 |
Retained earnings | 25,306,000,000 | 22,759,000,000 |
Accumulated other comprehensive loss | (6,240,000,000) | (5,295,000,000) |
Non-controlling interests | 193,000,000 | 179,000,000 |
Stockholders equity subtotal before treasury stock | 21,190,000,000 | 19,446,000,000 |
Less – treasury shares, at cost, 69,239,488 shares at December 31, 2024 and 68,635,498 shares at December 31, 2023 | 7,655,000,000 | 7,076,000,000 |
Total equity | 13,535,000,000 | 12,370,000,000 |
Company common stock | 561,000,000 | 561,000,000 |
ADDITIONAL PAID-IN CAPITAL | 1,370,000,000 | 1,242,000,000 |
RETAINED EARNINGS | 25,306,000,000 | 22,759,000,000 |
Total | (6,240,000,000) | (5,295,000,000) |
TREASURY SHARES | (7,655,000,000) | (7,076,000,000) |
NON-CONTROLLING INTERESTS | 193,000,000 | 179,000,000 |
Pension/Post-Retirement Plans Gains (Losses) | (3,408,000,000) | (3,101,000,000) |
Foreign currency translation adjustments | (2,832,000,000) | (2,194,000,000) |
Total liabilities and stockholders' equity | 56,481,000,000 | 48,030,000,000 |