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Revenue from Contracts with Customers (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Commercial Risk Solutions |  | $ | 1,852 |  |  | $ | 1,585 |  |  | $ | 5,675 |  |  | $ | 5,137 |
Reinsurance Solutions |  | 503 |  |  | 465 |  |  | 2,305 |  |  | 2,149 |
Health Solutions |  | 870 |  |  | 552 |  |  | 2,265 |  |  | 1,670 |
Wealth Solutions |  | 499 |  |  | 352 |  |  | 1,332 |  |  | 1,054 |
Eliminations |  | (3) |  |  | (1) |  |  | (26) |  |  | (9) |
Total revenue |  | $ | 3,721 |  |  | $ | 2,953 |  |  | $ | 11,551 |  |  | $ | 10,001 |
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 September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
United States |  | $ | 2,083 |  |  | $ | 1,400 |  |  | $ | 5,432 |  |  | $ | 4,322 |
Americas other than United States |  | 263 |  |  | 281 |  |  | 948 |  |  | 890 |
United Kingdom |  | 437 |  |  | 396 |  |  | 1,568 |  |  | 1,456 |
Ireland |  | 38 |  |  | 24 |  |  | 106 |  |  | 82 |
Europe, Middle East, & Africa other than United Kingdom and Ireland |  | 492 |  |  | 479 |  |  | 2,267 |  |  | 2,093 |
Asia Pacific |  | 408 |  |  | 373 |  |  | 1,230 |  |  | 1,158 |
Total revenue |  | $ | 3,721 |  |  | $ | 2,953 |  |  | $ | 11,551 |  |  | $ | 10,001 |
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 September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Balance at beginning of period |  | $ | 264 |  |  | $ | 242 |  |  | $ | 370 |  |  | $ | 355 |
Additions |  | 400 |  |  | 357 |  |  | 1,166 |  |  | 1,074 |
Amortization |  | (367) |  |  | (321) |  |  | (1,235) |  |  | (1,156) |
Impairment |  | — |  |  | — |  |  | — |  |  | — |
Foreign currency translation and other |  | 5 |  |  | (5) |  |  | 1 |  |  | — |
Balance at end of period |  | $ | 302 |  |  | $ | 273 |  |  | $ | 302 |  |  | $ | 273 |
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 September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Balance at beginning of period |  | $ | 196 |  |  | $ | 186 |  |  | $ | 195 |  |  | $ | 185 |
Additions |  | 19 |  |  | 14 |  |  | 51 |  |  | 37 |
Amortization |  | (13) |  |  | (13) |  |  | (40) |  |  | (38) |
Impairment |  | — |  |  | — |  |  | — |  |  | — |
Foreign currency translation and other |  | — |  |  | (1) |  |  | (4) |  |  | 2 |
Balance at end of period |  | $ | 202 |  |  | $ | 186 |  |  | $ | 202 |  |  | $ | 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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