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: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 13, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,442 | 1,752 |
| Receivables | ||
| Commissions and fees | 5,293 | 5,093 |
| Advanced premiums and claims | 103 | 136 |
| Other | 616 | 523 |
| Gross receivables | 6,012 | 5,752 |
| Less-allowance for credit losses | (160) | (166) |
| Net receivables | 5,852 | 5,586 |
| Other current assets | 1,005 | 926 |
| Total current assets | 8,299 | 8,264 |
| Goodwill | 16,251 | 16,317 |
| Other intangible assets | 2,537 | 2,810 |
| Fixed assets, net | 871 | 847 |
| Pension related assets | 2,127 | 2,270 |
| Right of use assets | 1,562 | 1,868 |
| Deferred tax assets | 358 | 551 |
| Other assets | 1,449 | 1,461 |
| Total assets | 33,454 | 34,388 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 268 | 17 |
| Accounts payable and accrued liabilities | 3,278 | 3,165 |
| Accrued compensation and employee benefits | 3,095 | 2,942 |
| Current lease liabilities | 310 | 332 |
| Accrued income taxes | 221 | 198 |
| Total current liabilities | 7,172 | 6,654 |
| Fiduciary liabilities | 10,660 | 9,622 |
| Less - cash and cash equivalents held in a fiduciary capacity | (10,660) | (9,622) |
| Fiduciary liabilities, net | 0 | 0 |
| Long-term debt | 11,227 | 10,933 |
| Pension, postretirement and postemployment benefits | 921 | 1,632 |
| Long-term lease liabilities | 1,667 | 1,880 |
| Liability for errors and omissions | 355 | 355 |
| Other liabilities | 1,363 | 1,712 |
| 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, 2022 and December 31, 2021 | 561 | 561 |
| Additional paid-in capital | 1,179 | 1,112 |
| Retained earnings | 20,301 | 18,389 |
| Accumulated other comprehensive loss | (5,314) | (4,575) |
| Non-controlling interests | 229 | 213 |
| Stockholders Equity Subtotal Before Treasury Stock | 16,956 | 15,700 |
| Less treasury shares, at cost, 65,855,914 shares at December 31, 2022 and 57,105,619 shares at December 31, 2021 | (6,207) | (4,478) |
| Total equity | 10,749 | 11,222 |
| Total liabilities and stockholders' equity | 33,454 | 34,388 |
| External Links | |
| MARSH & MCLENNAN COMPANIES, INC. (MMC) Fiscal Year 2022 | |
| 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 |