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Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table summarizes revenue from contracts with customers by principal service line (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Commercial Risk Solutions |  | $ | 2,015 |  |  | $ | 1,774 |  |  | $ | 3,823 |  |  | $ | 3,552 |
Reinsurance Solutions |  | 635 |  |  | 607 |  |  | 1,802 |  |  | 1,684 |
Health Solutions |  | 662 |  |  | 447 |  |  | 1,395 |  |  | 1,118 |
Wealth Solutions |  | 463 |  |  | 352 |  |  | 833 |  |  | 702 |
Eliminations |  | (15) |  |  | (3) |  |  | (23) |  |  | (8) |
Total revenue |  | $ | 3,760 |  |  | $ | 3,177 |  |  | $ | 7,830 |  |  | $ | 7,048 |
Consolidated revenue from contracts with customers by geographic area, which is attributed on the basis of where the services are performed, is as follows (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
United States |  | $ | 1,837 |  |  | $ | 1,427 |  |  | $ | 3,349 |  |  | $ | 2,922 |
Americas other than United States |  | 362 |  |  | 308 |  |  | 685 |  |  | 609 |
United Kingdom |  | 548 |  |  | 506 |  |  | 1,131 |  |  | 1,060 |
Ireland |  | 35 |  |  | 28 |  |  | 68 |  |  | 58 |
Europe, Middle East, & Africa other than United Kingdom and Ireland |  | 566 |  |  | 512 |  |  | 1,775 |  |  | 1,614 |
Asia Pacific |  | 412 |  |  | 396 |  |  | 822 |  |  | 785 |
Total revenue |  | $ | 3,760 |  |  | $ | 3,177 |  |  | $ | 7,830 |  |  | $ | 7,048 |
Schedule of Capitalized Contract Cost | An analysis of the changes in the net carrying amount of costs to fulfill contracts with customers are as follows (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Balance at beginning of period |  | $ | 269 |  |  | $ | 257 |  |  | $ | 370 |  |  | $ | 355 |
Additions |  | 386 |  |  | 355 |  |  | 766 |  |  | 717 |
Amortization |  | (390) |  |  | (373) |  |  | (868) |  |  | (835) |
Impairment |  | — |  |  | — |  |  | — |  |  | — |
Foreign currency translation and other |  | (1) |  |  | 3 |  |  | (4) |  |  | 5 |
Balance at end of period |  | $ | 264 |  |  | $ | 242 |  |  | $ | 264 |  |  | $ | 242 |
An analysis of the changes in the net carrying amount of costs to obtain contracts with customers are as follows (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Balance at beginning of period |  | $ | 194 |  |  | $ | 183 |  |  | $ | 195 |  |  | $ | 185 |
Additions |  | 18 |  |  | 13 |  |  | 32 |  |  | 23 |
Amortization |  | (14) |  |  | (13) |  |  | (27) |  |  | (25) |
Impairment |  | — |  |  | — |  |  | — |  |  | — |
Foreign currency translation and other |  | (2) |  |  | 3 |  |  | (4) |  |  | 3 |
Balance at end of period |  | $ | 196 |  |  | $ | 186 |  |  | $ | 196 |  |  | $ | 186 |

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- Definition Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479483/340-40-50-3 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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