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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of disaggregation of revenue | The following table disaggregates various components of the Company's revenue:
For the Years Ended December 31, |  |
(In millions) |  | 2022 |  | 2021 |  | 2020
Marsh: |  |  |  |  |  |
EMEA (a) |  | $ | 2,879 |  |  | $ | 2,946 |  |  | $ | 2,575 |
Asia Pacific (b) |  | 1,333 |  |  | 1,462 |  |  | 1,059 |
Latin America |  | 502 |  |  | 453 |  |  | 424 |
Total International |  | 4,714 |  |  | 4,861 |  |  | 4,058 |
U.S./Canada |  | 5,791 |  |  | 5,342 |  |  | 4,537 |
Total Marsh |  | 10,505 |  |  | 10,203 |  |  | 8,595 |
Guy Carpenter |  | 2,020 |  |  | 1,867 |  |  | 1,696 |
Subtotal |  | 12,525 |  |  | 12,070 |  |  | 10,291 |
Fiduciary interest income |  | 120 |  |  | 15 |  |  | 46 |
Total Risk and Insurance Services |  | $ | 12,645 |  |  | $ | 12,085 |  |  | $ | 10,337 |
Mercer: |  |  |  |  |  |
Wealth |  | $ | 2,366 |  |  | $ | 2,509 |  |  | $ | 2,348 |
Health (c) |  | 2,017 |  |  | 1,855 |  |  | 1,793 |
Career |  | 962 |  |  | 890 |  |  | 787 |
Total Mercer |  | 5,345 |  |  | 5,254 |  |  | 4,928 |
Oliver Wyman Group (a) |  | 2,794 |  |  | 2,535 |  |  | 2,048 |
Total Consulting |  | $ | 8,139 |  |  | $ | 7,789 |  |  | $ | 6,976 |
(a) 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. Revenue in 2021 includes a net gain on the disposition of businesses of approximately $50 million. (b) Revenue in 2021 includes gain on consolidation of Marsh India of $267 million. (c) Revenue in 2022 includes a net gain from the sale of the Mercer U.S. affinity business of $112 million.
Schedule of contract assets and liabilities | The following table provides contract assets and contract liabilities information from contracts with customers:
December 31, (In millions) |  | 2022 |  | 2021 |  | 2020
Contract assets |  | $ | 335 |  |  | $ | 290 |  |  | $ | 236 |
Contract liabilities |  | $ | 837 |  |  | $ | 776 |  |  | $ | 676 |
Details of the change in Contract Assets and Contract Liabilities for 2022 and 2021 are as follows:
For the Years Ended December 31, |  |
(In millions) |  | 2022 |  | 2021
Contract Assets |  |  |  |
Balance beginning of the year |  | $ | 290 |  |  | $ | 236 |
Additions |  | 661 |  |  | 547 |
Transfers to accounts receivable (a) |  | (614) |  |  | (493) |
Effect of foreign exchange rate changes |  | (2) |  |  | — |
Balance at the end of the year |  | $ | 335 |  |  | $ | 290 |
Contract Liabilities |  |  |  |
Balance beginning of the year |  | $ | 776 |  |  | $ | 676 |
Cash received for performance obligations not yet fulfilled |  | 726 |  |  | 642 |
Revenue recognized |  | (640) |  |  | (539) |
Effect of foreign exchange rate changes |  | (25) |  |  | (3) |
Balance at the end of the year |  | $ | 837 |  |  | $ | 776 |
(a) Amounts transferred to accounts receivable as the rights to bill and collect became unconditional.

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