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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Selected information and details for MMC's operating segments | Selected information about the Company’s segments and geographic areas of operation are as follows:
For the Year Ended December 31, (In millions of dollars) | Revenue |  |  | Operating Income (Loss) |  | Total Assets |  | Depreciation and Amortization |  | Capital Expenditures
2018 – |  |  |  |  |  |  |  |  |
Risk and Insurance Services | $ | 8,228 |  | (a) | $ | 1,864 |  |  | $ | 15,868 |  |  | $ | 290 |  |  | $ | 158 |
Consulting | 6,779 |  | (b) | 1,099 |  |  | 8,003 |  |  | 130 |  |  | 97 |
Total Segments | 15,007 |  |  | 2,963 |  |  | 23,871 |  |  | 420 |  |  | 255 |
Corporate/Eliminations | (57 | ) |  | (202 | ) |  | (2,293 | ) | (c) | 74 |  |  | 59 |
Total Consolidated | $ | 14,950 |  |  | $ | 2,761 |  |  | $ | 21,578 |  |  | $ | 494 |  |  | $ | 314 |
2017 – |  |  |  |  |  |  |  |  |
Risk and Insurance Services | $ | 7,630 |  | (a) | $ | 1,731 |  |  | $ | 16,490 |  |  | $ | 282 |  |  | $ | 139 |
Consulting | 6,444 |  | (b) | 1,110 |  |  | 8,200 |  |  | 129 |  |  | 88 |
Total Segments | 14,074 |  |  | 2,841 |  |  | 24,690 |  |  | 411 |  |  | 227 |
Corporate/Eliminations | (50 | ) |  | (186 | ) |  | (4,261 | ) | (c) | 70 |  |  | 75 |
Total Consolidated | $ | 14,024 |  |  | $ | 2,655 |  |  | $ | 20,429 |  |  | $ | 481 |  |  | $ | 302 |
2016 – |  |  |  |  |  |  |  |  |
Risk and Insurance Services | $ | 7,143 |  | (a) | $ | 1,581 |  |  | $ | 14,728 |  |  | $ | 248 |  |  | $ | 128 |
Consulting | 6,112 |  | (b) | 1,038 |  |  | 6,770 |  |  | 121 |  |  | 68 |
Total Segments | 13,255 |  |  | 2,619 |  |  | 21,498 |  |  | 369 |  |  | 196 |
Corporate/Eliminations | (44 | ) |  | (188 | ) |  | (3,308 | ) | (c) | 69 |  |  | 57 |
Total Consolidated | $ | 13,211 |  |  | $ | 2,431 |  |  | $ | 18,190 |  |  | $ | 438 |  |  | $ | 253 |
(a) | Includes inter-segment revenue of $6 million, $5 million and $6 million in 2018, 2017 and 2016, respectively, interest income on fiduciary funds of $65 million, $39 million and $26 million in 2018, 2017 and 2016, respectively, and equity method income of $13 million, $14 million and $12 million in 2018, 2017 and 2016, respectively and $40 million related to the sale of business in 2018.
(b) | Includes inter-segment revenue of $51 million, $45 million and $38 million in 2018, 2017 and 2016, respectively, interest income on fiduciary funds of $3 million, $4 million and $3 million in 2018, 2017 and 2016, respectively, and equity method income of $8 million, $17 million and $19 million in 2018, 2017 and 2016, respectively.
(c) | Corporate assets primarily include insurance recoverables, pension related assets, the owned portion of the Company headquarters building and intercompany eliminations.
Details of operating segment revenue | Details of operating segment revenue are as follows:
For the Years Ended December 31,
(In millions of dollars) | 2018 |  |  | 2017 |  |  | 2016 |
Risk and Insurance Services |  |  |  |  |
Marsh | $ | 6,923 |  |  | $ | 6,433 |  |  | $ | 5,997 |
Guy Carpenter | 1,305 |  |  | 1,197 |  |  | 1,146 |
Total Risk and Insurance Services | 8,228 |  |  | 7,630 |  |  | 7,143 |
Consulting |  |  |  |  |
Mercer | 4,732 |  |  | 4,528 |  |  | 4,323 |
Oliver Wyman Group | 2,047 |  |  | 1,916 |  |  | 1,789 |
Total Consulting | 6,779 |  |  | 6,444 |  |  | 6,112 |
Total Segments | 15,007 |  |  | 14,074 |  |  | 13,255 |
Corporate/Eliminations | (57 | ) |  | (50 | ) |  | (44 | )
Total | $ | 14,950 |  |  | $ | 14,024 |  |  | $ | 13,211 |
Information by geographic area | Information by geographic area is as follows:
For the Years Ended December 31,
(In millions of dollars) | 2018 |  |  | 2017 |  |  | 2016 |
Revenue |  |  |  |  |
United States | $ | 7,219 |  |  | $ | 6,870 |  |  | $ | 6,573 |
United Kingdom | 2,243 |  |  | 2,112 |  |  | 2,019 |
Continental Europe | 2,694 |  |  | 2,197 |  |  | 2,022 |
Asia Pacific | 1,616 |  |  | 1,517 |  |  | 1,363 |
Other | 1,235 |  |  | 1,378 |  |  | 1,278 |
| 15,007 |  |  | 14,074 |  |  | 13,255 |
Corporate/Eliminations | (57 | ) |  | (50 | ) |  | (44 | )
Total | $ | 14,950 |  |  | $ | 14,024 |  |  | $ | 13,211 |
For the Years Ended December 31,
(In millions of dollars) | 2018 |  |  | 2017 |  |  | 2016 |
Fixed Assets, Net |  |  |  |  |
United States | $ | 403 |  |  | $ | 399 |  |  | $ | 412 |
United Kingdom | 91 |  |  | 91 |  |  | 94 |
Continental Europe | 59 |  |  | 57 |  |  | 53 |
Asia Pacific | 74 |  |  | 78 |  |  | 76 |
Other | 74 |  |  | 87 |  |  | 90 |
Total | $ | 701 |  |  | $ | 712 |  |  | $ | 725 |

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