2013 Q2 Form 10-Q Financial Statement

#000006270913000032 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q4 2012 Q2
Revenue $3.088B $3.002B $3.026B
YoY Change 2.05% 3.23% 3.35%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.766B $1.802B $1.776B
YoY Change -0.56% 1.98% 2.78%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.00M $95.00M $84.00M
YoY Change 7.14% 15.85% 2.44%
% of Gross Profit
Operating Expenses $2.511B $2.596B $2.508B
YoY Change 0.12% 3.14% 1.83%
Operating Profit $577.0M $406.0M $518.0M
YoY Change 11.39% 11.4%
Interest Expense $40.00M -$36.00M $45.00M
YoY Change -11.11% -23.4% -8.16%
% of Operating Profit 6.93% -8.87% 8.69%
Other Income/Expense, Net
YoY Change
Pretax Income $564.0M $370.0M $483.0M
YoY Change 16.77% 7.56% 16.39%
Income Tax $164.0M $105.0M $144.0M
% Of Pretax Income 29.08% 28.38% 29.81%
Net Earnings $388.0M $259.0M $329.0M
YoY Change 17.93% 1.17% 16.67%
Net Earnings / Revenue 12.56% 8.63% 10.87%
Basic Earnings Per Share $0.71 $0.60
Diluted Earnings Per Share $0.69 $469.2K $0.59
COMMON SHARES
Basic Shares Outstanding 551.0M shares 544.4M shares 545.0M shares
Diluted Shares Outstanding 559.0M shares 553.0M shares

Balance Sheet

Concept 2013 Q2 2012 Q4 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.230B $2.301B $1.504B
YoY Change -18.22% 8.9% -9.34%
Cash & Equivalents $1.230B $2.301B $1.504B
Short-Term Investments
Other Short-Term Assets $229.0M $194.0M $208.0M
YoY Change 10.1% -23.32% -50.0%
Inventory
Prepaid Expenses
Receivables $3.345B $3.058B $3.102B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.214B $5.963B $5.195B
YoY Change 0.37% 5.58% 0.17%
LONG-TERM ASSETS
Property, Plant & Equipment $804.0M $809.0M $800.0M
YoY Change 0.5% 0.62% -2.79%
Goodwill $6.804B $6.792B $6.643B
YoY Change 2.42% 3.51% 0.73%
Intangibles
YoY Change
Long-Term Investments $100.0M
YoY Change
Other Assets $742.0M $772.0M $828.0M
YoY Change -10.39% -2.89% -66.09%
Total Long-Term Assets $10.62B $10.33B $10.01B
YoY Change 6.17% 5.29% -2.51%
TOTAL ASSETS
Total Short-Term Assets $5.214B $5.963B $5.195B
Total Long-Term Assets $10.62B $10.33B $10.01B
Total Assets $15.84B $16.29B $15.20B
YoY Change 4.18% 5.4% -1.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.786B $1.721B $1.758B
YoY Change 1.59% -14.63% -6.54%
Accrued Expenses $858.0M $1.473B $916.0M
YoY Change -6.33% 5.21% 5.17%
Deferred Revenue
YoY Change
Short-Term Debt $10.00M $260.0M $259.0M
YoY Change -96.14% 0.0%
Long-Term Debt Due $10.00M $260.0M $259.0M
YoY Change -96.14% 0.0% -0.38%
Total Short-Term Liabilities $2.964B $3.564B $3.170B
YoY Change -6.5% -4.68% -2.22%
LONG-TERM LIABILITIES
Long-Term Debt $2.703B $2.658B $2.663B
YoY Change 1.5% -0.37% -3.97%
Other Long-Term Liabilities $906.0M $906.0M $985.0M
YoY Change -8.02% -7.93% -62.91%
Total Long-Term Liabilities $906.0M $906.0M $985.0M
YoY Change -8.02% -7.93% -81.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.964B $3.564B $3.170B
Total Long-Term Liabilities $906.0M $906.0M $985.0M
Total Liabilities $3.870B $4.470B $4.155B
YoY Change -6.86% -5.36% -52.37%
SHAREHOLDERS EQUITY
Retained Earnings $9.036B $8.628B $8.257B
YoY Change 9.43% 8.54%
Common Stock $1.563B $1.668B $1.614B
YoY Change -3.16% -2.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $385.0M $447.0M $483.0M
YoY Change -20.29% -24.87%
Treasury Stock Shares 11.60M shares 15.13M shares 16.85M shares
Shareholders Equity $6.779B $6.542B $6.273B
YoY Change
Total Liabilities & Shareholders Equity $15.84B $16.29B $15.20B
YoY Change 4.18% 5.4% -1.61%

Cashflow Statement

Concept 2013 Q2 2012 Q4 2012 Q2
OPERATING ACTIVITIES
Net Income $388.0M $259.0M $329.0M
YoY Change 17.93% 1.17% 16.67%
Depreciation, Depletion And Amortization $90.00M $95.00M $84.00M
YoY Change 7.14% 15.85% 2.44%
Cash From Operating Activities $430.0M $572.0M $569.0M
YoY Change -24.43% -19.44% -19.41%
INVESTING ACTIVITIES
Capital Expenditures -$104.0M -$71.00M -$98.00M
YoY Change 6.12% -5.33% 30.67%
Acquisitions
YoY Change
Other Investing Activities -$98.00M -$143.0M -$70.00M
YoY Change 40.0% 31.19% -418.18%
Cash From Investing Activities -$202.0M -$214.0M -$168.0M
YoY Change 20.24% 16.3% 216.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -228.0M -109.0M -215.0M
YoY Change 6.05% -6.03% -37.32%
NET CHANGE
Cash From Operating Activities 430.0M 572.0M 569.0M
Cash From Investing Activities -202.0M -214.0M -168.0M
Cash From Financing Activities -228.0M -109.0M -215.0M
Net Change In Cash 0.000 249.0M 186.0M
YoY Change -100.0% -39.27% -40.0%
FREE CASH FLOW
Cash From Operating Activities $430.0M $572.0M $569.0M
Capital Expenditures -$104.0M -$71.00M -$98.00M
Free Cash Flow $534.0M $643.0M $667.0M
YoY Change -19.94% -18.09% -14.6%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Nature of Operations </font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Marsh&#160;&amp; McLennan Companies, Inc. (&#8220;the Company&#8221;), a global professional services firm, is organized based on the different services that it offers. Under this organizational structure, the Company&#8217;s </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:Arial;font-size:10pt;"> business segments are Risk and Insurance Services and Consulting.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Risk and Insurance Services segment provides risk management and insurance broking, reinsurance broking and insurance program management services for businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Company conducts business in this segment through Marsh and Guy Carpenter.</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company conducts business in its Consulting segment through two main business groups. Mercer provides consulting expertise, advice, services and solutions in the areas of talent, health, retirement and investments. Oliver Wyman Group provides specialized management and economic and brand consulting services.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Acquisitions impacting the Risk and Insurance Services and Consulting segments are discussed in Note 7 to the consolidated financial statements.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company has "continuing involvement" in certain Corporate Advisory and Restructuring businesses (&#8220;CARG&#8221;), that were disposed of in 2008. The run-off of the CARG business is being managed by the Company&#8217;s corporate departments and financial results of these entities are included in &#8220;Corporate&#8221; for segment reporting purposes.</font></div></div>
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CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2012Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2012Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2012Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
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us-gaap Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
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us-gaap Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
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us-gaap Other Comprehensive Income Loss Tax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Tax
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us-gaap Other Comprehensive Income Loss Tax
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us-gaap Other Comprehensive Income Other Net Of Tax
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us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
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us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
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us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
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us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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us-gaap Other Cost And Expense Operating
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us-gaap Payments For Proceeds From Investments
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us-gaap Payments For Proceeds From Investments
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Equity
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250000000 USD
us-gaap Payments For Repurchase Of Equity
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us-gaap Payments For Restructuring
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments To Acquire Businesses Gross
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us-gaap Payments To Acquire Businesses Gross
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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129000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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192000000 USD
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CY2012Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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us-gaap Pension Contributions
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CY2013Q2 us-gaap Preferred Stock Shares Issued
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CY2013Q2 us-gaap Preferred Stock Value
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us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
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50000000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
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us-gaap Proceeds From Issuance Or Sale Of Equity
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Profit Loss
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us-gaap Profit Loss
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CY2013Q2 us-gaap Profit Loss
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CY2012Q4 us-gaap Property Plant And Equipment Net
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us-gaap Recognition Of Deferred Revenue
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us-gaap Repayments Of Long Term Debt
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255000000 USD
us-gaap Repayments Of Long Term Debt
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254000000 USD
CY2013Q2 us-gaap Restricted Cash And Cash Equivalents
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240000000 USD
us-gaap Restricted Stock Expense
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us-gaap Restricted Stock Expense
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us-gaap Restructuring And Related Cost Incurred Cost
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CY2012 us-gaap Restructuring And Related Cost Incurred Cost
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us-gaap Restructuring Charges
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CY2012Q4 us-gaap Restructuring Reserve
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CY2013Q2 us-gaap Restructuring Reserve
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CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Sales Revenue Services Net
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CY2013Q2 us-gaap Sales Revenue Services Net
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us-gaap Sales Revenue Services Net
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CY2012Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
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37300000 shares
CY2013Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
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26500000 shares
CY2013Q2 us-gaap Short Term Borrowings
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CY2012Q4 us-gaap Short Term Borrowings
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CY2012Q4 us-gaap Shortterm Debt Fair Value
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CY2013Q2 us-gaap Shortterm Debt Fair Value
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10000000 USD
us-gaap Stock Option Plan Expense
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us-gaap Stock Option Plan Expense
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CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2012Q4 us-gaap Trading Liabilities Fair Value Disclosure
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CY2013Q2 us-gaap Trading Liabilities Fair Value Disclosure
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CY2013Q2 us-gaap Treasury Stock Shares
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CY2010Q4 us-gaap Treasury Stock Shares
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us-gaap Treasury Stock Shares Acquired
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CY2013Q2 us-gaap Treasury Stock Value
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CY2012Q4 us-gaap Treasury Stock Value
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CY2012Q4 us-gaap Unrecognized Tax Benefits
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CY2013Q2 us-gaap Unrecognized Tax Benefits
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
552000000 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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549000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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mmc Accumulated Other Comprehensive Income Loss Pension And Other Postretirement Benefits Plan Net Of Tax Amounts Reclassified
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92000000 USD
mmc Accumulated Other Comprenhesive Income Foreign Currency Items
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CY2012Q4 mmc Advanced Premiums And Claims Receivables
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CY2013Q2 mmc Advanced Premiums And Claims Receivables
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CY2012Q4 mmc Cash And Cash Equivalents Continuing Operations
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mmc Contingent Payments For Acquisitions
ContingentPaymentsForAcquisitions
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mmc Contingent Payments For Acquisitions
ContingentPaymentsForAcquisitions
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CY2013Q2 mmc Decrease In Fair Value Of Contigent Considertion Due To5 Decrease In Projections
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14000000 USD
CY2013Q2 mmc Cash And Cash Equivalents Continuing Operations
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1230000000 USD
CY2012Q4 mmc Commissions Fees Premiums Claims And Other Receivables Gross
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2858000000 USD
CY2013Q2 mmc Commissions Fees Premiums Claims And Other Receivables Gross
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mmc Contingent Acquisition Consideration Adjustment
ContingentAcquisitionConsiderationAdjustment
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mmc Contingent Acquisition Consideration Adjustment
ContingentAcquisitionConsiderationAdjustment
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mmc Deferred Purchase Consideration From Prior Year Acquisitions
DeferredPurchaseConsiderationFromPriorYearAcquisitions
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mmc Deferred Purchase Consideration From Prior Year Acquisitions
DeferredPurchaseConsiderationFromPriorYearAcquisitions
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mmc Dividend Equivalents Per Share Declared
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0.71
mmc Effect Exchange Rate Operating Cash Flows
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mmc Effect Exchange Rate Operating Cash Flows
EffectExchangeRateOperatingCashFlows
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CY2012Q4 mmc Fair Value Assets Measured On Recurring Basis Money Market Funds
FairValueAssetsMeasuredOnRecurringBasisMoneyMarketFunds
483000000 USD
CY2013Q2 mmc Fair Value Assets Measured On Recurring Basis Money Market Funds
FairValueAssetsMeasuredOnRecurringBasisMoneyMarketFunds
24000000 USD
CY2013Q2 mmc Fair Value Assets Measured On Recurring Basis Mutual Funds
FairValueAssetsMeasuredOnRecurringBasisMutualFunds
138000000 USD
CY2012Q4 mmc Fair Value Assets Measured On Recurring Basis Mutual Funds
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139000000 USD
CY2013Q2 mmc Fair Value Fiduciary Assets Measured On Recurring Basis
FairValueFiduciaryAssetsMeasuredOnRecurringBasis
6000000 USD
CY2012Q4 mmc Fair Value Fiduciary Assets Measured On Recurring Basis
FairValueFiduciaryAssetsMeasuredOnRecurringBasis
152000000 USD
CY2012Q4 mmc Fair Value Fiduciary Assets Measured On Recurring Basis Money Market Funds
FairValueFiduciaryAssetsMeasuredOnRecurringBasisMoneyMarketFunds
149000000 USD
CY2013Q2 mmc Fair Value Fiduciary Assets Measured On Recurring Basis Money Market Funds
FairValueFiduciaryAssetsMeasuredOnRecurringBasisMoneyMarketFunds
4000000 USD
CY2013Q2 mmc Fair Value Fiduciary Assets Measured On Recurring Basis State And Local Obligations
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2000000 USD
CY2012Q4 mmc Fair Value Fiduciary Assets Measured On Recurring Basis State And Local Obligations
FairValueFiduciaryAssetsMeasuredOnRecurringBasisStateAndLocalObligations
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CY2013Q2 mmc Fair Value Interest Rate Discount Rate
FairValueInterestRateDiscountRate
0.016
mmc Fair Value Level1 To Level2 Transfers Assets Or Labilities Amount
FairValueLevel1ToLevel2TransfersAssetsOrLabilitiesAmount
0 USD
mmc Fair Value Level2 To Level3 Transfers Assets Or Labilities Amount
FairValueLevel2ToLevel3TransfersAssetsOrLabilitiesAmount
0 USD
CY2012Q4 mmc Fair Value On Senior Notes
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256000000 USD
CY2013Q2 mmc Fair Value On Senior Notes
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255000000 USD
CY2012Q4 mmc Fiduciary Liabilities
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CY2013Q2 mmc Fiduciary Liabilities
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CY2012Q4 mmc Goodwill And Intangible Assets Net
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CY2013Q2 mmc Goodwill And Intangible Assets Net
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CY2013Q2 mmc Increase In Fair Value Of Contingent Consideration Due To5 Increase In Projections
IncreaseInFairValueOfContingentConsiderationDueTo5IncreaseInProjections
16000000 USD
CY2011Q1 mmc Interest Rate Swap For Hedging
InterestRateSwapForHedging
125000000 USD
CY2011Q1 mmc Interest Rate Swap Maturity
InterestRateSwapMaturity
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CY2011Q1 mmc Interest Rate Swaps Fair Value Adjustment
InterestRateSwapsFairValueAdjustment
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CY2013Q2 mmc Less Cash And Investments Held In Fiduciary Capacity
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CY2012Q4 mmc Less Cash And Investments Held In Fiduciary Capacity
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CY2013Q2 mmc Liability For Errors And Omissions
LiabilityForErrorsAndOmissions
440000000 USD
CY2012Q4 mmc Liability For Errors And Omissions
LiabilityForErrorsAndOmissions
460000000 USD
CY2012Q4 mmc Net Fiduciary Assets
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CY2013Q2 mmc Net Fiduciary Assets
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CY2013Q2 mmc Number Of Interest Rate Swaps To Convert Fixed Interest Rate On Notes To Floating Rate
NumberOfInterestRateSwapsToConvertFixedInterestRateOnNotesToFloatingRate
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CY2012Q2 mmc Operating Income Loss Adjusted
OperatingIncomeLossAdjusted
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mmc Operating Income Loss Adjusted
OperatingIncomeLossAdjusted
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mmc Operating Income Loss Originally Reported
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1045000000 USD
CY2012Q2 mmc Operating Income Loss Originally Reported
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518000000 USD
mmc Other Comprehensive Income Loss Before Reclassification Defined Benefit Plan Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
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121000000 USD
mmc Other Comprehensive Income Loss Net Of Tax Before Reclassifications
OtherComprehensiveIncomeLossNetOfTaxBeforeReclassifications
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CY2012Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentBeforeTax
60000000 USD
CY2013Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Before Tax
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mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentBeforeTax
16000000 USD
mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentBeforeTax
157000000 USD
CY2012Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentNetOfTax
27000000 USD
CY2013Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentNetOfTax
-18000000 USD
mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentNetOfTax
11000000 USD
mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentNetOfTax
121000000 USD
CY2012Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentTax
33000000 USD
CY2013Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentTax
-5000000 USD
mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentTax
36000000 USD
mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentTax
5000000 USD
CY2013Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostBeforeTax
73000000 USD
CY2012Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostBeforeTax
60000000 USD
mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostBeforeTax
145000000 USD
mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostBeforeTax
118000000 USD
CY2013Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostNetOfTax
47000000 USD
CY2012Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostNetOfTax
59000000 USD
mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostNetOfTax
80000000 USD
mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostNetOfTax
92000000 USD
CY2012Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostTax
-1000000 USD
CY2013Q2 mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostTax
-26000000 USD
mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostTax
-53000000 USD
mmc Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Subtotal Amortization Net Prior Service Cost And Net Gain Loss Recoginzed In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansSubtotalAmortizationNetPriorServiceCostAndNetGainLossRecoginzedInNetPeriodicBenefitCostTax
-38000000 USD
mmc Other Comprehensive Income Loss Unrealized Holding Gainloss On Securities Arising During Period Amounts Reclassified
OtherComprehensiveIncomeLossUnrealizedHoldingGainlossOnSecuritiesArisingDuringPeriodAmountsReclassified
0 USD
mmc Other Comprehensive Income Lossforeign Currency Items Amounts Reclassified
OtherComprehensiveIncomeLossforeignCurrencyItemsAmountsReclassified
0 USD
mmc Other Comprehensive Incomeothernet Of Tax Amounts Reclassified
OtherComprehensiveIncomeothernetOfTaxAmountsReclassified
92000000 USD
CY2013Q2 mmc Percent Change In Projections Affecting Fair Value Of Contigent Consideration
PercentChangeInProjectionsAffectingFairValueOfContigentConsideration
0.05
CY2013Q2 mmc Premiums Receivables At Carrying Value
PremiumsReceivablesAtCarryingValue
9600000000 USD
CY2012Q4 mmc Premiums Receivables At Carrying Value
PremiumsReceivablesAtCarryingValue
9100000000 USD
mmc Sales Revenue Services Net Adjusted
SalesRevenueServicesNetAdjusted
0 USD
CY2012Q2 mmc Sales Revenue Services Net Adjusted
SalesRevenueServicesNetAdjusted
0 USD
mmc Sales Revenue Services Net Originally Reported
SalesRevenueServicesNetOriginallyReported
6077000000 USD
CY2012Q2 mmc Sales Revenue Services Net Originally Reported
SalesRevenueServicesNetOriginallyReported
3026000000 USD
mmc Shares Withheld For Taxes On Vested Units
SharesWithheldForTaxesOnVestedUnits
-68000000 USD
mmc Shares Withheld For Taxes On Vested Units
SharesWithheldForTaxesOnVestedUnits
-89000000 USD
CY2013Q2 mmc Stockholders Equity Subtotal Before Treasury Stock
StockholdersEquitySubtotalBeforeTreasuryStock
7231000000 USD
CY2012Q4 mmc Stockholders Equity Subtotal Before Treasury Stock
StockholdersEquitySubtotalBeforeTreasuryStock
7053000000 USD
mmc Term Of Interest Rate Swap Net Settlement
TermOfInterestRateSwapNetSettlement
P6M
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000062709
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
549611971 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
MARSH & MCLENNAN COMPANIES, INC.
dei Trading Symbol
TradingSymbol
MMC

Files In Submission

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