10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MARSH & MCLENNAN COMPANIES, INC. | ||
Ticker: MMC Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 17, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,089 | 1,155 |
| Receivables | ||
| Commissions and fees | 4,679 | 4,608 |
| Advanced premiums and claims | 112 | 123 |
| Other | 677 | 645 |
| Gross receivables | 5,468 | 5,376 |
| Less-allowance for credit losses | (142) | (140) |
| Net receivables | 5,326 | 5,236 |
| Other current assets | 740 | 677 |
| Total current assets | 8,155 | 7,068 |
| Goodwill | 15,517 | 14,671 |
| Other intangible assets | 2,699 | 2,774 |
| Fixed assets, net | 856 | 858 |
| Pension related assets | 1,768 | 1,632 |
| Right of use assets | 1,894 | 1,921 |
| Deferred tax assets | 702 | 676 |
| Other assets | 1,458 | 1,757 |
| Total assets | 33,049 | 31,357 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 517 | 1,215 |
| Accounts payable and accrued liabilities | 3,050 | 2,746 |
| Accrued compensation and employee benefits | 2,400 | 2,197 |
| Current lease liabilities | 342 | 342 |
| Accrued income taxes | 247 | 179 |
| Total current liabilities | 6,556 | 6,679 |
| Fiduciary liabilities | 8,585 | 7,344 |
| Less cash and investments held in a fiduciary capacity | (8,585) | (7,344) |
| Fiduciary liabilities, net, noncurrent | 0 | 0 |
| Long-term debt | 10,796 | 10,741 |
| Pension, postretirement and postemployment benefits | 2,662 | 2,336 |
| Long-term lease liabilities | 1,924 | 1,926 |
| Liability for errors and omissions | 366 | 335 |
| Other liabilities | 1,485 | 1,397 |
| 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, 2020 and December 31, 2019 | 561 | 561 |
| Additional paid-in capital | 943 | 862 |
| Retained earnings | 16,272 | 15,199 |
| Accumulated other comprehensive loss | (5,110) | (5,055) |
| Non-controlling interests | 156 | 150 |
| Stockholders Equity Subtotal Before Treasury Stock | 12,822 | 11,717 |
| Less treasury shares, at cost, 52,914,550 shares at December 31, 2020 and 57,013,097 shares at December 31, 2019 | (3,562) | (3,774) |
| Total equity | 9,260 | 7,943 |
| Total liabilities and stockholders' equity | 33,049 | 31,357 |
| External Links | |
| MARSH & MCLENNAN COMPANIES, INC. (MMC) Fiscal Year 2020 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |