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Restructuring Costs | 9 Months Ended
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Sep. 30, 2023
Restructuring and Related Activities [Abstract] |
Restructuring Costs | Restructuring CostsIn the fourth quarter of 2022, the Company initiated activities focused on workforce actions, rationalization of technology and functional services, and reductions in real estate. The Company anticipates total charges related to these activities to be between $425 million and $475 million. The Company has incurred approximately $325 million of restructuring costs through September 30, 2023, primarily severance and lease exit charges, of which $37 million and $109 million were for the three and nine months ended September 30, 2023, respectively. The majority of the remaining costs are expected to be incurred by the end of 2023. The Company continues to refine its detailed plans for each business and location, which may change the expected timing, estimates of expected costs and related savings. Restructuring activities also include charges related to improving the Company's global information technology function and improving efficiencies and client services related to the Marsh operational excellence program. In 2022, costs also included charges related to the remaining JLT integration. The Company incurred costs related to these initiatives as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In millions) | 2023 | 2022 |  | 2023 | 2022
Risk and Insurance Services | $ | 26 |  | $ | 18 |  |  | $ | 89 |  | $ | 44 |
Consulting | 17 |  | 5 |  |  | 33 |  | 16 |
Corporate | 9 |  | 15 |  |  | 48 |  | 36 |
Total | $ | 52 |  | $ | 38 |  |  | $ | 170 |  | $ | 96 |
Details of the restructuring activity from January 1, 2022 through September 30, 2023, are as follows:
(In millions) | Severance |  | Real Estate Related Costs (a) |  | Information Technology |  | Consulting and Other Outside Services |  | Total
Liability at 1/1/22 | $ | 35 |  |  | $ | 34 |  |  | $ | — |  |  | $ | — |  |  | $ | 69 |
2022 charges | 111 |  |  | 195 |  |  | 15 |  |  | 106 |  |  | 427 |
Cash payments | (58) |  |  | (25) |  |  | (6) |  |  | (104) |  |  | (193) |
Non-cash charges | — |  |  | (148) |  |  | (9) |  |  | — |  |  | (157) |
Liability at 12/31/22 | $ | 88 |  |  | $ | 56 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 146 |
2023 charges | 62 |  |  | 63 |  |  | 7 |  |  | 38 |  |  | 170 |
Cash payments | (111) |  |  | (59) |  |  | (6) |  |  | (39) |  |  | (215) |
Non-cash charges | — |  |  | (27) |  |  | (1) |  |  | — |  |  | (28) |
Liability at 9/30/23 | $ | 39 |  |  | $ | 33 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 73 |
(a) Includes ROU and fixed asset impairments and other real estate related costs. The expenses associated with these initiatives are included in compensation and benefits and other operating expenses in the consolidated statements of income. The liabilities associated with these initiatives are classified on the consolidated balance sheets as accounts payable and accrued liabilities, other liabilities or accrued compensation and employee benefits, depending on the nature of the items.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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