2014 Q1 Form 10-Q Financial Statement

#000006270914000013 Filed on May 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $3.264B $3.126B
YoY Change 4.41% 2.46%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.839B $1.803B
YoY Change 2.0% 0.39%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.00M $69.00M
YoY Change 8.7% 4.55%
% of Gross Profit
Operating Expenses $2.591B $2.519B
YoY Change 2.86% -0.2%
Operating Profit $673.0M $607.0M
YoY Change 10.87% 15.18%
Interest Expense $42.00M $44.00M
YoY Change -4.55% -4.35%
% of Operating Profit 6.24% 7.25%
Other Income/Expense, Net
YoY Change
Pretax Income $649.0M $588.0M
YoY Change 10.37% 15.98%
Income Tax $192.0M $176.0M
% Of Pretax Income 29.58% 29.93%
Net Earnings $443.0M $413.0M
YoY Change 7.26% 19.02%
Net Earnings / Revenue 13.57% 13.21%
Basic Earnings Per Share $0.81 $0.75
Diluted Earnings Per Share $0.80 $0.74
COMMON SHARES
Basic Shares Outstanding 548.0M shares 548.0M shares
Diluted Shares Outstanding 556.0M shares 557.0M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.380B $1.263B
YoY Change 9.26% -10.43%
Cash & Equivalents $1.380B $1.263B
Short-Term Investments
Other Short-Term Assets $237.0M $222.0M
YoY Change 6.76% -2.2%
Inventory
Prepaid Expenses
Receivables $3.462B $3.176B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.563B $5.097B
YoY Change 9.14% 1.23%
LONG-TERM ASSETS
Property, Plant & Equipment $825.0M $793.0M
YoY Change 4.04% -0.25%
Goodwill $7.159B $6.752B
YoY Change 6.03% 1.15%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $937.0M $739.0M
YoY Change 26.79% -12.13%
Total Long-Term Assets $11.01B $10.44B
YoY Change 5.5% 4.66%
TOTAL ASSETS
Total Short-Term Assets $5.563B $5.097B
Total Long-Term Assets $11.01B $10.44B
Total Assets $16.58B $15.54B
YoY Change 6.69% 3.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.895B $1.808B
YoY Change 4.81% -3.47%
Accrued Expenses $701.0M $746.0M
YoY Change -6.03% 6.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $10.00M
YoY Change -100.0% -96.14%
Long-Term Debt Due $332.0M $10.00M
YoY Change 3220.0% -96.14%
Total Short-Term Liabilities $3.343B $2.840B
YoY Change 17.71% -6.33%
LONG-TERM LIABILITIES
Long-Term Debt $2.619B $2.705B
YoY Change -3.18% 1.54%
Other Long-Term Liabilities $1.083B $853.0M
YoY Change 26.96% -12.15%
Total Long-Term Liabilities $1.083B $853.0M
YoY Change 26.96% -12.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.343B $2.840B
Total Long-Term Liabilities $1.083B $853.0M
Total Liabilities $4.426B $3.693B
YoY Change 19.85% -7.74%
SHAREHOLDERS EQUITY
Retained Earnings $9.620B $8.786B
YoY Change 9.49% 9.1%
Common Stock $1.470B $1.554B
YoY Change -5.41% -1.58%
Preferred Stock
YoY Change
Treasury Stock (at cost) $421.0M $321.0M
YoY Change 31.15% -21.9%
Treasury Stock Shares 11.36M shares 10.37M shares
Shareholders Equity $7.961B $6.640B
YoY Change
Total Liabilities & Shareholders Equity $16.58B $15.54B
YoY Change 6.69% 3.51%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $443.0M $413.0M
YoY Change 7.26% 19.02%
Depreciation, Depletion And Amortization $75.00M $69.00M
YoY Change 8.7% 4.55%
Cash From Operating Activities -$380.0M -$593.0M
YoY Change -35.92% 17.89%
INVESTING ACTIVITIES
Capital Expenditures $99.00M $88.00M
YoY Change 12.5% 72.55%
Acquisitions $319.0M $1.000M
YoY Change 31800.0% -98.33%
Other Investing Activities -$1.000M -$1.000M
YoY Change 0.0% -200.0%
Cash From Investing Activities -$416.0M $8.000M
YoY Change -5300.0% -106.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0M $100.0M
YoY Change 0.0%
Debt Paid & Issued, Net $3.000M $252.0M
YoY Change -98.81% 0.0%
Cash From Financing Activities -$118.0M -$364.0M
YoY Change -67.58% 151.03%
NET CHANGE
Cash From Operating Activities -$380.0M -$593.0M
Cash From Investing Activities -$416.0M $8.000M
Cash From Financing Activities -$118.0M -$364.0M
Net Change In Cash -$914.0M -$949.0M
YoY Change -3.69% 24.21%
FREE CASH FLOW
Cash From Operating Activities -$380.0M -$593.0M
Capital Expenditures $99.00M $88.00M
Free Cash Flow -$479.0M -$681.0M
YoY Change -29.66% 22.92%

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IncreaseDecreaseInOtherOperatingLiabilities
-85000000 USD
CY2013Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
120000000 USD
CY2014Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
150000000 USD
CY2014Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
7799000000 USD
CY2013Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
7365000000 USD
CY2014Q1 us-gaap Interest Expense
InterestExpense
42000000 USD
CY2013Q1 us-gaap Interest Expense
InterestExpense
44000000 USD
CY2014Q1 us-gaap Interest Paid
InterestPaid
44000000 USD
CY2013Q1 us-gaap Interest Paid
InterestPaid
59000000 USD
CY2011Q1 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
0 USD
CY2013Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
4000000 USD
CY2014Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
5000000 USD
CY2014Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
13000000 USD
CY2013Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
21000000 USD
CY2013Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1803000000 USD
CY2014Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1839000000 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16577000000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16980000000 USD
CY2014Q1 us-gaap Liabilities Current
LiabilitiesCurrent
3343000000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3809000000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2621000000 USD
CY2014Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2619000000 USD
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
334000000 USD
CY2014Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
332000000 USD
CY2014Q1 us-gaap Minority Interest
MinorityInterest
82000000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
70000000 USD
CY2013Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
-2000000 USD
CY2014Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
-1000000 USD
CY2014Q1 us-gaap Nature Of Operations
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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 activities 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 </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:Arial;font-size:10pt;"> main business groups. Mercer provides consulting expertise, advice, services and solutions in the areas of health, retirement, talent and investments. Oliver Wyman Group provides specialized management and economic and brand consulting services.</font></div><div style="line-height:120%;padding-bottom:16px;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>
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-118000000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-364000000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-416000000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8000000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-593000000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-380000000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
413000000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
443000000 USD
CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
11000000 USD
CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13000000 USD
CY2014Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
6 acquisition
CY2011Q1 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
2 interest_rate_swap
CY2011Q1 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
2 interest_rate_swap
CY2014Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2014Q1 us-gaap Operating Expenses
OperatingExpenses
2591000000 USD
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
2519000000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
673000000 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
607000000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
205000000 USD
CY2014Q1 us-gaap Other Assets Current
OtherAssetsCurrent
237000000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
882000000 USD
CY2014Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
937000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax
-13000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax
0 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-3000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-6000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-2000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-4000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
-1000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
-2000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-117000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-121000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-8000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-128000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax
-65000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax
0 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
0 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
-52000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
71000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-260000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
78000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-256000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-7000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-4000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-87000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-72000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
199000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-252000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-184000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
165000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-68000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
34000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
48000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
72000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-51000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-78000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-49000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-36000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-15000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-29000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
45000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
34000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
14000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
27000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-41000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
64000000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
0 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
0 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
CY2013Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
716000000 USD
CY2014Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
752000000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1052000000 USD
CY2014Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1083000000 USD
CY2013Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
282000000 USD
CY2014Q1 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
300000000 USD
CY2013Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
-92000000 USD
CY2014Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
0 USD
CY2013Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 USD
CY2014Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 USD
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100000000 USD
CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100000000 USD
CY2013 us-gaap Payments For Restructuring
PaymentsForRestructuring
65000000 USD
CY2014Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
15000000 USD
CY2014Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
137000000 USD
CY2013Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
127000000 USD
CY2014Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
49000000 USD
CY2013Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
65000000 USD
CY2014Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
331000000 USD
CY2013Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1000000 USD
CY2014Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
319000000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
88000000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
99000000 USD
CY2013Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1150000000 USD
CY2014Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1135000000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
6000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
6000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In the first quarter of 2014, the Company enhanced its operating cash flow presentation within the statement of cash flows to show on single lines the impact of pension and other benefit plan contributions in excess of the related expenses, and the non-cash impact of equity share awards. Previously, the cash flow impact of those items was presented as part of changes in other assets and other liabilities, and changes in other liabilities, respectively. The prior year&#8217;s presentation was conformed to the current presentation for the following line items within operating cash flows:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Share based compensation expense</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Changes in other assets</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Contributions to pension and other benefit plans in excess of current year expense/credit</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Changes in other liabilities</font></div></td></tr></table></div>
CY2013Q1 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
3000000 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
50000000 USD
CY2013Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
135000000 USD
CY2014Q1 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
0 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2014Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
92000000 USD
CY2013Q1 us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
0 USD
CY2014Q1 us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
100000000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000000 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
424000000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
456000000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
825000000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
828000000 USD
CY2013Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
3310000000 USD
CY2014Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
3462000000 USD
CY2013Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-45000000 USD
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-34000000 USD
CY2014Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3000000 USD
CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
252000000 USD
CY2014Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
190000000 USD
CY2014Q1 us-gaap Restructuring Charges
RestructuringCharges
2000000 USD
CY2013 us-gaap Restructuring Charges
RestructuringCharges
22000000 USD
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
124000000 USD
CY2012Q4 us-gaap Restructuring Reserve
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170000000 USD
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CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q1 mmc Business Combination Consideration Transferred Assets Acquired
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CY2013Q1 mmc Other Comprehensive Income Loss Adjustment From Mergerof Pension Plans Pensionand Other Postretirement Benefit Plans Tax
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41000000 USD
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CY2013Q1 mmc Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Re Measurement Adjustment Netof Tax
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CY2014Q1 mmc Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Re Measurement Adjustment Tax
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CY2013Q1 mmc Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Re Measurement Adjustment Tax
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0 USD
CY2013Q1 mmc Payments For Previous Acquisition Deferred Consideration
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CY2013Q1 mmc Paymentsto Acquire Businesses Netof Cash Acquired Before Paymentsfor Previous Acquisition
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CY2013Q1 mmc Pensionand Other Postretirement Benefit Contributions In Excessof Current Year Expense
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CY2014Q1 dei Amendment Flag
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CY2014Q1 dei Current Fiscal Year End Date
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CY2014Q1 dei Document Fiscal Period Focus
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CY2014Q1 dei Document Fiscal Year Focus
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CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
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CY2014Q1 dei Document Type
DocumentType
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CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
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CY2014Q2 dei Entity Common Stock Shares Outstanding
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549601256 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
MARSH & MCLENNAN COMPANIES, INC.
CY2014Q1 dei Trading Symbol
TradingSymbol
MMC

Files In Submission

Name View Source Status
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