v3.25.4

Revenue (Change in Contract Assets and Liabilities) (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024
Contract Assets |  |
Balance at January 1, | $ 473 | $ 357
Additions | 1,046 | 963
Transfers to accounts receivable | (984) | (844)
Effect of foreign exchange rate changes | 5 | (3)
Balance at December 31, | 540 | 473
Contract Liabilities |  |
Balance at January 1, | 866 | 869
Cash received for performance obligations not yet fulfilled | 884 | 847
Revenue recognized | (846) | (835)
Effect of foreign exchange rate changes | 23 | (15)
Balance at December 31, | $ 927 | 866
Mc Griff Insurance Services L L C |  |
Contract Assets |  |
Additions |  | $ 69

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