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: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 16, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,752 | 2,089 |
| Receivables | ||
| Commissions and fees | 5,093 | 4,679 |
| Advanced premiums and claims | 136 | 112 |
| Other | 523 | 677 |
| Gross receivables | 5,752 | 5,468 |
| Less-allowance for credit losses | (166) | (142) |
| Net receivables | 5,586 | 5,326 |
| Other current assets | 926 | 740 |
| Total current assets | 8,264 | 8,155 |
| Goodwill | 16,317 | 15,517 |
| Other intangible assets | 2,810 | 2,699 |
| Fixed assets, net | 847 | 856 |
| Pension related assets | 2,270 | 1,768 |
| Right of use assets | 1,868 | 1,894 |
| Deferred tax assets | 551 | 702 |
| Other assets | 1,461 | 1,458 |
| Total assets | 34,388 | 33,049 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 17 | 517 |
| Accounts payable and accrued liabilities | 3,165 | 3,050 |
| Accrued compensation and employee benefits | 2,942 | 2,400 |
| Current lease liabilities | 332 | 342 |
| Accrued income taxes | 198 | 247 |
| Total current liabilities | 6,654 | 6,556 |
| Fiduciary liabilities | 9,622 | 8,585 |
| Less - cash and cash equivalents held in a fiduciary capacity | (9,622) | (8,585) |
| Fiduciary liabilities, net, noncurrent | 0 | 0 |
| Long-term debt | 10,933 | 10,796 |
| Pension, postretirement and postemployment benefits | 1,632 | 2,662 |
| Long-term lease liabilities | 1,880 | 1,924 |
| Liability for errors and omissions | 355 | 366 |
| Other liabilities | 1,712 | 1,485 |
| 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 | 1,112 | 943 |
| Retained earnings | 18,389 | 16,272 |
| Accumulated other comprehensive loss | (4,575) | (5,110) |
| Non-controlling interests | 213 | 156 |
| Stockholders Equity Subtotal Before Treasury Stock | 15,700 | 12,822 |
| Less treasury shares, at cost, 57,105,619 shares at December 31, 2021 and 52,914,550 shares at December 31, 2020 | (4,478) | (3,562) |
| Total equity | 11,222 | 9,260 |
| Total liabilities and stockholders' equity | 34,388 | 33,049 |
| External Links | |
| MARSH & MCLENNAN COMPANIES, INC. (MMC) Fiscal Year 2021 | |
| 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 |