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v3.22.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
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 Years Ended December 31, (In millions) | Revenue |  | Operating Income (Loss) |  | Total Assets |  | Depreciation and Amortization |  | Capital Expenditures
2022 – |  |  |  |  |  |  |  |  |
Risk and Insurance Services | $ | 12,645 |  | (a) | $ | 3,089 |  |  | $ | 22,776 |  | (c) | $ | 469 |  |  | $ | 283 |
Consulting | 8,139 |  | (b) | 1,553 |  |  | 10,032 |  | (d) | 158 |  |  | 109 |
Total Segments | 20,784 |  |  | 4,642 |  |  | 32,808 |  |  | 627 |  |  | 392 |
Corporate/Eliminations | (64) |  |  | (362) |  |  | 646 |  | (e) | 92 |  |  | 78 |
Total Consolidated | $ | 20,720 |  |  | $ | 4,280 |  |  | $ | 33,454 |  |  | $ | 719 |  |  | $ | 470 |
2021 – |  |  |  |  |  |  |  |  |
Risk and Insurance Services | $ | 12,085 |  | (a) | $ | 3,080 |  |  | $ | 21,996 |  | (c) | $ | 505 |  |  | $ | 214 |
Consulting | 7,789 |  | (b) | 1,504 |  |  | 10,346 |  | (d) | 171 |  |  | 109 |
Total Segments | 19,874 |  |  | 4,584 |  |  | 32,342 |  |  | 676 |  |  | 323 |
Corporate/Eliminations | (54) |  |  | (272) |  |  | 2,046 |  | (e) | 71 |  |  | 83 |
Total Consolidated | $ | 19,820 |  |  | $ | 4,312 |  |  | $ | 34,388 |  |  | $ | 747 |  |  | $ | 406 |
2020 – |  |  |  |  |  |  |  |  |
Risk and Insurance Services | $ | 10,337 |  | (a) | $ | 2,346 |  |  | $ | 20,612 |  | (c) | $ | 500 |  |  | $ | 170 |
Consulting | 6,976 |  | (b) | 994 |  |  | 9,571 |  | (d) | 174 |  |  | 107 |
Total Segments | 17,313 |  |  | 3,340 |  |  | 30,183 |  |  | 674 |  |  | 277 |
Corporate/Eliminations | (89) |  |  | (274) |  |  | 2,866 |  | (e) | 67 |  |  | 71 |
Total Consolidated | $ | 17,224 |  |  | $ | 3,066 |  |  | $ | 33,049 |  |  | $ | 741 |  |  | $ | 348 |
(a) Includes inter-segment revenue of $5 million in each of 2022, 2021 and 2020, interest income on fiduciary funds of $120 million, $15 million and $46 million in 2022, 2021 and 2020, respectively, and equity method income of $12 million, $31 million and $27 million in 2022, 2021 and 2020, respectively. Revenue in 2022 also includes the loss on deconsolidation of the Russian businesses of $27 million. Revenue in 2021 includes the gain on the consolidation of Marsh India of $267 million and a net gain on disposition of business of approximately $50 million. (b) Includes inter-segment revenue of $59 million, $49 million and $84 million in 2022, 2021 and 2020, respectively, a nd equity method income of $1 million in 2022 and $5 million in 2020, respectively. Revenue in 2022, also includes a net gain on the sale of the Mercer U.S. affinity business of $112 million, partially offset by the loss on deconsolidation of the Russian businesses of $12 million. (c) Includes equity method investments of $50 million, $53 million and $165 million at December 31, 2022, 2021 and 2020, respectively. (d) Includes equity method investments of $6 million at December 31, 2022 and $5 million at December 31, 2021 and 2020. (e) Corporate assets primarily include insuran ce recoverables, pension related assets, the owned portion of the Company headquarters building and intercompany eliminations.
Schedule of details of operating segment revenue | Details of operating segment revenue are as follows:
For the Years Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Risk and Insurance Services |  |  |  |  |
Marsh | $ | 10,585 |  |  | $ | 10,214 |  |  | $ | 8,628 |
Guy Carpenter | 2,060 |  |  | 1,871 |  |  | 1,709 |
Total Risk and Insurance Services | 12,645 |  |  | 12,085 |  |  | 10,337 |
Consulting |  |  |  |  |
Mercer | 5,345 |  |  | 5,254 |  |  | 4,928 |
Oliver Wyman Group | 2,794 |  |  | 2,535 |  |  | 2,048 |
Total Consulting | 8,139 |  |  | 7,789 |  |  | 6,976 |
Total Segments | 20,784 |  |  | 19,874 |  |  | 17,313 |
Corporate/Eliminations | (64) |  |  | (54) |  |  | (89) |
Total | $ | 20,720 |  |  | $ | 19,820 |  |  | $ | 17,224 |
Schedule of information by geographic area | Information by geographic area is as follows:
For the Years Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Revenue |  |  |  |  |
United States | $ | 10,215 |  | (a) | $ | 9,343 |  |  | $ | 8,168 |
United Kingdom | 3,114 |  |  | 3,130 |  | (c) | 2,818 |
Continental Europe | 3,223 |  | (b) | 3,219 |  |  | 2,881 |
Asia Pacific | 2,537 |  |  | 2,617 |  | (d) | 2,093 |
Other | 1,695 |  |  | 1,565 |  |  | 1,353 |
| 20,784 |  |  | 19,874 |  |  | 17,313 |
Corporate/Eliminations | (64) |  |  | (54) |  |  | (89) |
Total | $ | 20,720 |  |  | $ | 19,820 |  |  | $ | 17,224 |
(a) Revenue in 2022 includes a net gain from the sale of the Mercer U.S. affinity business of $112 million. (b) Revenue in 2022 includes the loss on deconsolidation of the Company's Russian businesses at Marsh and Oliver Wyman of $27 million and $12 million, respectively. (c) Revenue in 2021 includes a net gain on the disposition of businesses of approximately $50 million. (d) Revenue in 2021 includes gain on the consolidation of Marsh India of $267 million.
For the Years Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Fixed Assets, Net |  |  |  |  |
United States | $ | 473 |  |  | $ | 484 |  |  | $ | 492 |
United Kingdom | 166 |  |  | 116 |  |  | 115 |
Continental Europe | 68 |  |  | 68 |  |  | 74 |
Asia Pacific | 81 |  |  | 96 |  |  | 105 |
Other | 83 |  |  | 83 |  |  | 70 |
Total | $ | 871 |  |  | $ | 847 |  |  | $ | 856 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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