10-Q
Quarterly Report
Marsh & McLennan Companies, Inc.
MRSH
NYSE
CIK: 62709
File #: 1-5998
Balance Sheet
59 line items · 2 periods
XBRL
| Item | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 1,611,000,000 | 2,687,000,000 |
Cash and cash equivalents held in a fiduciary capacity | 11,744,000,000 | 11,473,000,000 |
Receivables | ||
Commissions and fees | 7,777,000,000 | 7,015,000,000 |
Advanced premiums and claims | 60,000,000 | 67,000,000 |
Other | 749,000,000 | 750,000,000 |
Gross receivables | 8,586,000,000 | 7,832,000,000 |
Less-allowance for credit losses | 159,000,000 | 162,000,000 |
Net receivables | 8,427,000,000 | 7,670,000,000 |
Other current assets | 1,454,000,000 | 1,370,000,000 |
Total current assets | 23,236,000,000 | 23,200,000,000 |
Goodwill | 24,273,000,000 | 24,337,000,000 |
Current Fiscal Period Acquisitions | 26,000,000 | — |
Risk and Insurance Services | 19,500,000,000 | — |
Consulting | 4,700,000,000 | — |
Other intangible assets | 4,607,000,000 | 4,746,000,000 |
Fixed assets (net of accumulated depreciation and amortization of $1,695 at March 31, 2026 and $1,669 at December 31, 2025) | 814,000,000 | 829,000,000 |
Pension related assets | 2,168,000,000 | 2,140,000,000 |
Right of use assets | 1,460,000,000 | 1,460,000,000 |
Deferred tax assets | 193,000,000 | 212,000,000 |
Other assets | 1,801,000,000 | 1,786,000,000 |
Total assets | 58,552,000,000 | 58,710,000,000 |
LIABILITIES AND EQUITY | ||
Current liabilities: | ||
Short-term debt | 1,702,000,000 | 1,267,000,000 |
Accounts payable and accrued liabilities | 4,180,000,000 | 3,652,000,000 |
Accrued compensation and employee benefits | 1,945,000,000 | 3,962,000,000 |
Current lease liabilities | 326,000,000 | 333,000,000 |
Accrued income taxes | 572,000,000 | 373,000,000 |
Dividends payable | 436,000,000 | 0 |
Fiduciary liabilities | 11,744,000,000 | 11,473,000,000 |
Total current liabilities | 20,905,000,000 | 21,060,000,000 |
Long-term debt | 18,900,000,000 | 18,320,000,000 |
Pension, post-retirement and post-employment benefits | 752,000,000 | 786,000,000 |
Long-term lease liabilities | 1,523,000,000 | 1,529,000,000 |
Liabilities for errors and omissions | 286,000,000 | 288,000,000 |
Other liabilities | 1,380,000,000 | 1,412,000,000 |
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 March 31, 2026 and December 31, 2025 | 561,000,000 | 561,000,000 |
Additional paid-in capital | 1,474,000,000 | 1,547,000,000 |
Retained earnings | 28,037,000,000 | 27,767,000,000 |
Accumulated other comprehensive loss | (5,560,000,000) | (5,429,000,000) |
Non-controlling interests | 237,000,000 | 215,000,000 |
Stockholders' equity before treasury stock | 24,749,000,000 | 24,661,000,000 |
Less – treasury shares, at cost, 78,467,942 shares at March 31, 2026 and 75,783,063 shares at December 31, 2025 | 9,943,000,000 | 9,346,000,000 |
Total equity | 14,806,000,000 | 15,315,000,000 |
ADDITIONAL PAID-IN CAPITAL | 1,474,000,000 | 1,547,000,000 |
RETAINED EARNINGS | 28,037,000,000 | 27,767,000,000 |
Total | (5,560,000,000) | (5,429,000,000) |
TREASURY SHARES | (9,943,000,000) | (9,346,000,000) |
NON-CONTROLLING INTERESTS | 237,000,000 | 215,000,000 |
Pension/Post-Retirement Plans Gains (Losses) | (3,632,000,000) | (3,707,000,000) |
Foreign Currency Translation Adjustments | (1,928,000,000) | (1,722,000,000) |
Common Stock | — | 561,000,000 |
Total liabilities and stockholders' equity | 58,552,000,000 | 58,710,000,000 |