|
Segment Information (Tables)
|
12 Months Ended |
|
Dec. 31, 2011
|
| Segment Reporting Information |
|
| Schedule of total revenue by business segments |
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31
|
|
2011
|
|
2010
|
|
2009
|
|
| |
|
|
Risk Solutions |
|
$ |
6,817 |
|
$ |
6,423 |
|
$ |
6,305 |
|
|
HR Solutions |
|
|
4,501 |
|
|
2,111 |
|
|
1,267 |
|
|
Intersegment elimination |
|
|
(31 |
) |
|
(22 |
) |
|
(26 |
) |
| |
|
|
Total operating segments |
|
|
11,287 |
|
|
8,512 |
|
|
7,546 |
|
|
Unallocated |
|
|
— |
|
|
— |
|
|
49 |
|
| |
|
|
Total revenue |
|
$ |
11,287 |
|
$ |
8,512 |
|
$ |
7,595 |
|
| |
|
|
|
| Schedule of commissions, fees and other revenues by products |
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31
|
|
2011
|
|
2010
|
|
2009
|
|
| |
|
|
Retail brokerage |
|
$ |
5,303 |
|
$ |
4,925 |
|
$ |
4,747 |
|
|
Reinsurance brokerage |
|
|
1,463 |
|
|
1,444 |
|
|
1,485 |
|
| |
|
|
Total Risk Solutions Segment |
|
|
6,766 |
|
|
6,369 |
|
|
6,232 |
|
|
Consulting services |
|
|
2,251 |
|
|
1,387 |
|
|
1,075 |
|
|
Outsourcing |
|
|
2,272 |
|
|
731 |
|
|
191 |
|
|
Intrasegment |
|
|
(23 |
) |
|
(8 |
) |
|
— |
|
| |
|
|
Total HR Solutions Segment |
|
|
4,500 |
|
|
2,110 |
|
|
1,266 |
|
|
Intersegment |
|
|
(31 |
) |
|
(22 |
) |
|
(26 |
) |
|
Unallocated |
|
|
— |
|
|
— |
|
|
49 |
|
| |
|
|
Total commissions, fees and other revenues |
|
$ |
11,235 |
|
$ |
8,457 |
|
$ |
7,521 |
|
| |
|
|
|
| Schedule of fiduciary investment income by business segments |
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31
|
|
2011
|
|
2010
|
|
2009
|
|
| |
|
|
Risk Solutions |
|
$ |
51 |
|
$ |
54 |
|
$ |
73 |
|
|
HR Solutions |
|
|
1 |
|
|
1 |
|
|
1 |
|
| |
|
|
Total fiduciary investment income |
|
$ |
52 |
|
$ |
55 |
|
$ |
74 |
|
| |
|
|
|
| Schedule of reconciliation of segment income before tax to income from continuing operations before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31
|
|
2011
|
|
2010
|
|
2009
|
|
| |
|
|
Risk Solutions |
|
$ |
1,314 |
|
$ |
1,194 |
|
$ |
900 |
|
|
HR Solutions |
|
|
448 |
|
|
234 |
|
|
203 |
|
| |
|
|
Segment income from continuing operations before income taxes |
|
|
1,762 |
|
|
1,428 |
|
|
1,103 |
|
|
Unallocated revenue |
|
|
— |
|
|
— |
|
|
49 |
|
|
Unallocated expenses |
|
|
(156 |
) |
|
(202 |
) |
|
(131 |
) |
|
Interest income |
|
|
18 |
|
|
15 |
|
|
16 |
|
|
Interest expense |
|
|
(245 |
) |
|
(182 |
) |
|
(122 |
) |
|
Other income |
|
|
5 |
|
|
— |
|
|
34 |
|
| |
|
|
Income from continuing operations before income taxes |
|
$ |
1,384 |
|
$ |
1,059 |
|
$ |
949 |
|
| |
|
|
|
| Schedule of consolidated revenue and long-lived assets by geographic area |
|
Consolidated revenue by geographic area is as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31
|
|
Total
|
|
United
States
|
|
Americas
other than
U.S.
|
|
United
Kingdom
|
|
Europe,
Middle East,
& Africa
|
|
Asia
Pacific
|
|
| |
|
|
2011 |
|
$ |
11,287 |
|
$ |
5,134 |
|
$ |
1,176 |
|
$ |
1,519 |
|
$ |
2,377 |
|
$ |
1,081 |
|
|
2010 |
|
|
8,512 |
|
|
3,400 |
|
|
978 |
|
|
1,322 |
|
|
2,035 |
|
|
777 |
|
|
2009 |
|
|
7,595 |
|
|
2,789 |
|
|
905 |
|
|
1,289 |
|
|
1,965 |
|
|
647 |
|
| |
|
Consolidated non-current assets by geographic area are as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31
|
|
Total
|
|
United
States
|
|
Americas
other than
U.S.
|
|
United
Kingdom
|
|
Europe,
Middle East,
& Africa
|
|
Asia
Pacific
|
|
| |
|
|
2011 |
|
$ |
13,789 |
|
$ |
8,617 |
|
$ |
574 |
|
$ |
1,589 |
|
$ |
2,448 |
|
$ |
561 |
|
|
2010 |
|
|
14,158 |
|
|
9,135 |
|
|
503 |
|
|
1,532 |
|
|
2,426 |
|
|
562 |
|
| |
|
| |
|
|
Move of the Health and Benefits consulting business
|
|
| Segment Reporting Information |
|
| Schedule of total revenue by business segments |
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31
|
|
2011
|
|
2010
|
|
2009
|
|
| |
|
|
Risk Solutions |
|
$ |
7,537 |
|
$ |
6,989 |
|
$ |
6,835 |
|
|
HR Solutions |
|
|
3,781 |
|
|
1,545 |
|
|
737 |
|
|
Intersegment elimination |
|
|
(31 |
) |
|
(22 |
) |
|
(26 |
) |
| |
|
|
Total operating segments |
|
|
11,287 |
|
|
8,512 |
|
|
7,546 |
|
|
Unallocated |
|
|
— |
|
|
— |
|
|
49 |
|
| |
|
|
Total revenue |
|
$ |
11,287 |
|
$ |
8,512 |
|
$ |
7,595 |
|
| |
|
|
|
| Schedule of commissions, fees and other revenues by products |
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31
|
|
2011
|
|
2010
|
|
2009
|
|
| |
|
|
Retail brokerage |
|
$ |
6,022 |
|
$ |
5,491 |
|
$ |
5,277 |
|
|
Reinsurance brokerage |
|
|
1,463 |
|
|
1,444 |
|
|
1,485 |
|
| |
|
|
Total Risk Solutions Segment |
|
|
7,485 |
|
|
6,935 |
|
|
6,762 |
|
|
Consulting services |
|
|
1,532 |
|
|
821 |
|
|
545 |
|
|
Outsourcing |
|
|
2,272 |
|
|
731 |
|
|
191 |
|
|
Intrasegment |
|
|
(23 |
) |
|
(8 |
) |
|
— |
|
| |
|
|
Total HR Solutions Segment |
|
|
3,781 |
|
|
1,544 |
|
|
736 |
|
|
Intersegment |
|
|
(31 |
) |
|
(22 |
) |
|
(26 |
) |
|
Unallocated |
|
|
— |
|
|
— |
|
|
49 |
|
| |
|
|
Total commissions, fees and other revenue |
|
$ |
11,235 |
|
$ |
8,457 |
|
$ |
7,521 |
|
| |
|
|
|
| Schedule of fiduciary investment income by business segments |
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31
|
|
2011
|
|
2010
|
|
2009
|
|
| |
|
|
Risk Solutions |
|
$ |
52 |
|
$ |
54 |
|
$ |
73 |
|
|
HR Solutions |
|
|
— |
|
|
1 |
|
|
1 |
|
| |
|
|
Total fiduciary investment income |
|
$ |
52 |
|
$ |
55 |
|
$ |
74 |
|
| |
|
|
|
| Schedule of reconciliation of segment income before tax to income from continuing operations before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31
|
|
2011
|
|
2010
|
|
2009
|
|
| |
|
|
Risk Solutions |
|
$ |
1,414 |
|
$ |
1,307 |
|
$ |
1,003 |
|
|
HR Solutions |
|
|
348 |
|
|
121 |
|
|
100 |
|
| |
|
|
Segment income from continuing operations before income taxes |
|
|
1,762 |
|
|
1,428 |
|
|
1,103 |
|
|
Unallocated revenue |
|
|
— |
|
|
— |
|
|
49 |
|
|
Unallocated expenses |
|
|
(156 |
) |
|
(202 |
) |
|
(131 |
) |
|
Interest income |
|
|
18 |
|
|
15 |
|
|
16 |
|
|
Interest expense |
|
|
(245 |
) |
|
(182 |
) |
|
(122 |
) |
|
Other income |
|
|
5 |
|
|
— |
|
|
34 |
|
| |
|
|
Income from continuing operations before income taxes |
|
$ |
1,384 |
|
$ |
1,059 |
|
$ |
949 |
|
| |
|
|
|