Marsh & Mclennan Companies Balance Sheet (2009-2025) | MRSH

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Balance Sheet	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Assets
Current Assets
Cash & Equivalents	1.29B	1.81B	1.78B	1.17B			1.89B				2.11B			2.04B	2.30B	1.26B	1.23B	2.17B	2.30B	1.38B	2.00B	2.65B	1.96B	1.10B	0.93B	1.33B	1.37B	0.92B	0.97B	1.39B	1.03B	0.93B	0.97B	1.08B	1.21B	1.17B	1.04B	0.95B	1.07B	1.12B	1.29B	1.21B	1.16B	1.48B	1.71B	2.39B	2.09B	1.12B	0.89B	1.40B	1.75B	0.77B	0.91B	0.80B	10.66B	1.01B	11.56B	11.83B	10.79B	11.46B	11.50B	11.92B	11.28B	11.58B	11.87B	12.00B	11.47B
Cash & Current Investments	1.29B	1.81B	1.78B	1.17B			1.89B				2.11B			2.04B	2.30B	1.26B	1.23B	2.17B	2.30B	1.38B	2.00B	2.65B	1.96B	1.10B	0.93B	1.33B	1.37B	0.92B	0.97B	1.39B	1.03B	0.93B	0.97B	1.08B	1.21B	1.17B	1.04B	0.95B	1.07B	1.12B	1.29B	1.21B	1.16B	1.48B	1.71B	2.39B	2.09B	1.12B	0.89B	1.40B	1.75B	0.77B	0.91B	0.80B	10.66B	1.01B	11.56B	11.83B	10.79B	11.46B	11.50B	11.92B	11.28B	11.58B	11.87B	12.00B	11.47B
Receivables - Net	2.85B	2.71B	2.72B	2.94B	3.21B	0.09B	3.04B	3.21B	3.11B	2.92B	2.91B	3.11B	3.21B	3.17B	3.16B	3.28B	3.44B	3.40B	3.41B	3.56B	3.81B	3.60B	3.47B	3.48B	3.75B	3.61B	3.56B	3.73B	3.81B	3.69B	3.74B	3.90B	4.09B	4.01B	4.24B	4.56B	4.60B	4.48B	4.43B	4.75B	5.70B	5.34B	5.38B	5.70B	5.79B	5.38B	5.47B	5.74B	5.99B	5.79B	5.75B	6.14B	6.45B	5.98B	6.01B	6.85B	7.14B	6.67B	6.57B	7.37B	7.90B	7.59B	7.32B	8.03B	8.63B	8.08B	7.83B
Receivables - Other	0.31B	0.30B	0.27B	0.45B	0.70B	0.19B	0.19B	0.22B	0.23B	0.23B	0.25B	0.23B	0.24B	0.23B	0.24B	0.21B	0.22B	0.22B	0.28B	0.30B	0.29B	0.26B	0.28B	0.28B	0.30B	0.29B	0.31B	0.32B	0.29B	0.32B	0.29B	0.28B	0.30B	0.31B	0.40B		0.37B	0.47B	0.11B	6.36B	0.55B	0.57B	0.21B	0.56B	0.64B	0.60B	0.68B	0.59B	0.52B	0.47B	0.52B	0.49B	0.56B	0.53B	0.62B	0.79B	0.64B	0.66B	0.66B	0.76B	0.75B	0.70B	0.71B	0.71B	0.77B	0.76B	0.75B
Receivables	3.16B	3.02B	3.00B	3.38B	3.91B	0.28B	3.22B	3.43B	3.34B	3.15B	3.15B	3.35B	3.45B	3.40B	3.41B	3.49B	3.66B	3.62B	3.69B	3.86B	4.10B	3.86B	3.75B	3.76B	4.05B	3.90B	3.87B	4.05B	4.09B	4.00B	4.03B	4.17B	4.38B	4.33B	4.64B	4.56B	4.97B	4.94B	4.54B	11.11B	6.24B	5.91B	5.58B	6.26B	6.43B	5.99B	6.14B	6.33B	6.50B	6.26B	6.28B	6.63B	7.01B	6.51B	6.63B	7.64B	7.78B	7.34B	7.23B	8.13B	8.65B	8.29B	8.03B	8.74B	9.40B	8.84B	8.58B
Current Deferred Tax Assets							0.18B				0.38B	0.39B	0.38B	0.33B	0.41B	0.44B	0.41B	0.46B	0.48B	0.48B	0.48B	0.48B	0.52B	0.47B	0.47B	0.47B
Prepaid Assets	0.34B	0.35B	0.28B	0.49B	0.28B	0.29B	0.17B	0.39B	0.42B	0.39B	0.25B	0.23B	0.21B	0.21B	0.19B	0.22B	0.23B	0.23B	0.20B	0.24B	0.22B	0.23B	0.20B	0.23B	0.23B	0.21B	0.20B	0.23B	0.23B	0.22B	0.21B	0.26B	0.23B	0.23B	0.22B	0.54B	0.54B	0.54B	0.55B	0.57B	0.68B	0.65B	0.68B	0.71B	0.74B	0.69B	0.74B	0.83B	0.85B	0.85B	0.93B	1.05B	0.97B	0.95B	1.00B	1.41B	1.08B	1.03B	1.18B	1.17B	1.13B	1.14B	1.29B	1.41B	1.33B	1.28B	1.37B
Current Assets	4.49B	4.88B	4.93B	4.59B	5.17B	5.04B	5.28B	4.94B	5.19B	5.03B	5.65B	5.04B	5.20B	5.65B	5.96B	5.10B	5.21B	6.16B	6.30B	5.56B	6.41B	6.85B	5.53B	5.18B	5.30B	5.53B	5.04B	4.80B	4.93B	5.21B	4.88B	4.98B	5.18B	5.21B	5.56B	6.27B	6.17B	5.97B	5.93B	12.68B	7.53B	7.06B	7.07B	7.75B	8.10B	8.31B	8.15B	7.55B	7.57B	7.88B	8.26B	7.79B	8.17B	7.57B	18.96B	9.11B	20.80B	22.28B	21.75B	21.30B	22.02B	22.29B	22.12B	22.46B	23.33B	23.70B	23.20B
Non-Current Assets
Land & Improvements			0.41B				0.40B
Property, Plant & Equipment (Net)	0.97B	0.96B	0.85B	0.92B	0.81B	0.82B	0.82B	0.83B	0.82B	0.80B	0.80B	0.80B	0.80B	0.81B	0.81B	0.79B	0.80B	0.82B	0.83B	0.82B	0.84B	0.82B	0.81B	0.79B	0.81B	0.79B	0.77B	0.76B	0.74B	0.72B	0.72B	0.72B	0.72B	0.73B	0.71B	0.71B	0.70B	0.71B	0.70B	0.72B	0.80B	0.82B	0.86B	0.85B	0.87B	0.86B	0.86B	0.83B	0.82B	0.82B	0.85B	0.86B	0.86B	0.86B	0.87B	0.87B	0.87B	0.86B	0.88B	0.88B	0.88B	0.88B	0.86B	0.84B	0.84B	0.82B	0.83B
Long-Term Investments							10.16B	12.00B	18.00B		10.72B				12.22B
Goodwill	5.85B		5.99B	6.08B	6.16B	6.29B	6.42B	6.56B	6.59B	6.54B	6.56B	6.67B	6.64B	6.68B	6.79B	6.75B	6.80B	6.87B	6.89B	7.16B	7.23B	7.18B	7.24B	7.16B	7.38B	7.51B	7.89B	7.95B	7.95B	7.97B	8.37B	8.77B	8.82B	9.10B	9.09B	9.19B	9.18B	9.44B	9.60B	9.74B	14.48B	14.29B	14.67B	14.41B	14.80B	15.03B	15.52B	15.46B	15.78B	15.65B	16.32B	16.25B	15.96B	15.58B	16.25B	16.30B	16.62B	16.66B	17.23B	17.31B	17.52B	18.23B	23.31B	23.54B	23.92B	23.95B	24.34B
Intangibles			0.40B		0.53B	0.56B	0.61B	0.66B	0.64B														0.69B				1.04B	1.03B	0.95B	0.91B	1.13B	1.29B	1.23B	1.32B	1.27B	1.26B	1.23B	1.33B	1.44B	1.46B	3.08B	2.87B	2.77B	2.66B	2.76B	2.71B	2.70B	2.60B	2.72B	2.59B	2.81B	2.72B	2.54B	2.40B	2.54B	2.45B	2.51B	2.50B	2.63B	2.63B	2.64B	2.72B	4.82B	4.74B	4.77B	4.67B	4.75B
Goodwill & Intangibles	6.98B	7.05B	6.22B	7.25B	6.50B	6.65B	6.82B	6.99B	7.00B	6.93B	6.96B	7.13B	7.09B	7.11B	7.26B	7.20B	7.28B	7.35B	7.37B	7.80B	7.87B	7.81B	7.24B	7.83B	8.15B	8.34B	7.89B	7.95B	7.95B	7.97B	8.37B	8.77B	8.82B	9.10B	9.09B	9.19B	10.41B	10.76B	11.04B	11.20B	17.56B	17.16B	17.45B	17.07B	17.56B	17.75B	18.22B	18.06B	18.49B	18.23B	19.13B	18.97B	18.50B	17.98B	18.79B	18.75B	19.13B	19.15B	19.86B	19.95B	20.15B	20.95B	28.13B	28.27B	28.69B	28.62B	29.08B
Long-Term Deferred Tax	1.18B	1.13B	1.23B	1.10B	1.14B	1.22B	1.78B	1.09B	1.11B	1.08B	1.89B	1.14B	1.15B	1.19B	1.22B	1.13B	1.13B	1.02B	0.63B	0.56B	0.55B	0.52B	1.36B	0.81B	0.79B	0.67B	1.14B	1.12B	1.09B	1.08B	1.10B	1.01B	0.97B	0.95B	0.67B	0.55B	0.53B	0.50B	0.68B	0.68B	0.63B	0.60B	0.68B	0.69B	0.62B	0.62B	0.70B	0.70B	0.67B	0.69B	0.55B	0.53B	0.54B	0.53B	0.36B	0.37B	0.36B	0.35B	0.36B	0.28B	0.28B	0.24B	0.24B	0.25B	0.28B	0.25B	0.21B
Other Non-Current Assets	0.90B	0.87B	0.92B	0.96B	0.82B	0.90B	0.92B	0.88B	0.91B	0.79B	0.80B	0.84B	0.83B	0.75B	0.77B	0.74B	0.74B	0.84B	0.98B	0.94B	0.98B	1.01B	1.19B	1.21B	1.22B	1.22B	1.18B	1.29B	1.22B	1.25B	1.21B	1.32B	1.53B	1.23B	1.69B	1.86B	1.81B	1.81B	1.69B	1.81B	1.82B	1.86B	1.76B	1.62B	1.67B	1.82B	1.77B	1.82B	1.91B	1.94B	2.27B	2.25B	2.16B	2.07B	2.13B	2.20B	2.33B	2.31B	2.05B	2.11B	2.19B	2.38B	1.91B	2.02B	2.20B	2.21B	2.14B
Non-Current Assets	10.43B	10.46B	10.41B	10.37B	10.45B	9.86B	10.03B	10.14B	10.27B	10.09B	9.81B	9.97B	10.01B	10.09B	10.32B	10.44B	10.62B	10.81B	10.66B	11.01B	11.17B	11.13B	12.26B	11.66B	12.11B	12.20B	13.17B	13.33B	13.15B	13.15B	13.31B	13.99B	14.26B	14.47B	14.87B	15.11B	14.98B	15.16B	15.64B	17.46B	24.59B	24.04B	24.29B	23.64B	24.07B	24.37B	24.89B	24.72B	25.38B	25.11B	35.75B	25.90B	25.27B	24.45B	25.16B	25.25B	25.76B	25.72B	26.28B	26.27B	26.57B	27.58B	34.36B	34.55B	35.22B	35.08B	35.51B
Assets	14.92B	15.34B	15.34B	14.96B	15.62B	14.90B	15.31B	15.07B	15.45B	15.12B	15.45B	15.01B	15.20B	15.74B	16.29B	15.54B	15.84B	16.98B	16.96B	16.58B	17.59B	17.99B	17.79B	16.83B	17.41B	17.72B	18.22B	18.13B	18.08B	18.36B	18.19B	18.97B	19.44B	19.69B	20.43B	21.38B	21.16B	21.13B	21.58B	30.14B	32.12B	31.10B	31.36B	31.39B	32.17B	32.68B	33.05B	32.27B	32.95B	32.98B	44.01B	33.69B	33.44B	32.02B	44.11B	34.36B	46.57B	48.00B	48.03B	47.57B	48.59B	49.86B	56.48B	57.02B	58.55B	58.78B	58.71B
Liabilities
Current Liabilities
Accounts Payables	1.71B	1.70B	1.75B	1.87B	2.27B	1.78B	1.74B	1.80B	1.88B	1.82B	2.02B	1.87B	1.76B	1.74B	1.72B	1.81B	1.79B	1.83B	1.86B	1.90B	1.85B	1.80B	1.88B	1.70B	1.75B	1.76B	1.89B	1.88B	1.87B	1.86B	1.97B	2.03B	2.03B	2.00B	2.08B	2.34B	2.25B	2.29B	2.23B	2.24B	2.60B	2.48B	2.75B	2.61B	2.67B	2.66B	3.05B	2.94B	2.83B	2.83B	3.17B	3.08B	3.03B	2.90B	3.28B	3.41B	3.14B	3.14B	3.40B	3.38B	3.21B	3.10B	3.40B	3.45B	3.43B	3.35B	3.65B
Notes Payables	0.01B	0.56B	0.56B	0.56B	0.56B	0.01B	0.01B	0.26B	0.26B	0.26B	0.26B	0.26B	0.26B	0.26B	0.26B	0.01B	0.01B																						0.31B				1.22B				0.52B				0.02B				0.27B
Dividends payables	0.10B	0.11B		0.11B	0.11B	0.12B		0.12B	0.12B	0.12B		0.12B	0.13B	0.13B		0.13B	0.14B	0.14B		0.14B	0.15B	0.15B		0.15B	0.17B	0.16B		0.16B	0.18B	0.18B		0.18B	0.19B	0.19B		0.19B	0.21B	0.21B		0.21B	0.23B	0.23B		0.23B		0.24B		0.24B		0.27B		0.27B		0.30B		0.29B		0.35B		0.35B		0.40B		0.40B		0.44B
Payables	1.83B	2.36B	2.31B	2.54B	2.94B	1.90B	1.75B	2.17B	2.26B	2.20B	2.28B	2.25B	2.14B	2.13B	1.98B	1.95B	1.94B	1.97B	1.86B	2.03B	2.00B	1.95B	1.88B	1.85B	1.91B	1.92B	1.89B	2.04B	2.05B	2.04B	1.97B	2.21B	2.22B	2.19B	2.08B	2.54B	2.46B	2.50B	2.55B	2.46B	2.83B	2.71B	3.96B	2.84B	2.67B	2.90B	3.57B	3.18B	2.83B	3.11B	3.18B	3.36B	3.03B	3.20B	3.55B	3.70B	3.14B	3.49B	3.40B	3.73B	3.21B	3.50B	3.40B	3.85B	3.43B	3.80B	3.65B
Accumulated Expenses	0.82B	1.04B	1.29B	0.64B	0.81B	1.04B	1.29B	0.67B	0.87B	1.11B	1.40B	0.70B	0.92B	1.23B	1.47B	0.75B	0.86B	1.19B	1.47B	0.70B	0.98B	1.34B	1.63B	0.71B	0.97B	1.31B	1.66B	0.72B	1.01B	1.31B	1.66B	0.77B	1.07B	1.38B	1.72B	0.81B	1.10B	1.41B	1.78B	0.89B	1.38B	1.76B	2.20B	1.02B	1.34B	1.76B	2.40B	1.22B	1.77B	2.37B	2.94B	1.40B	1.91B	2.40B	3.10B	1.44B	2.02B	2.63B	3.35B	1.54B	2.09B	2.79B	3.62B	1.80B	2.37B	3.09B	3.96B
Short term Debt	0.40B	0.56B	0.56B	0.56B	0.56B	0.55B	0.01B	0.26B	0.26B	0.26B	0.26B	0.26B	0.26B	0.26B	0.26B	0.01B	0.01B	0.58B	0.33B	0.43B	0.33B	0.64B	0.01B	0.06B	0.11B	0.06B	0.01B	0.27B	0.26B	0.26B	0.31B	0.41B	0.16B	0.01B	0.26B	0.51B	0.44B	0.64B	0.31B	1.56B	1.66B	1.14B	1.22B	2.41B	1.22B	1.22B	0.52B	1.01B	0.52B	0.52B	0.02B	1.19B	1.31B	0.97B	0.27B	2.11B	2.38B	1.87B	1.62B	1.17B	1.27B	0.52B	0.52B	1.67B	0.77B	1.26B	1.27B
Current Leases																																								0.29B	0.35B	0.34B	0.34B	0.33B	0.33B	0.34B	0.34B	0.34B	0.34B	0.34B	0.33B	0.33B	0.31B	0.30B	0.31B	0.31B	0.31B	0.30B	0.31B	0.31B	0.30B	0.31B	0.33B	0.33B	0.34B	0.33B	0.33B
Current Taxes	0.02B						0.06B	0.05B	0.11B	0.08B	0.06B	0.08B	0.11B	0.15B	0.11B	0.15B	0.17B	0.15B	0.15B	0.18B	0.21B	0.20B	0.15B	0.14B	0.21B	0.11B	0.15B	0.13B	0.18B	0.21B	0.15B	0.20B	0.19B	0.23B	0.20B	0.26B	0.22B	0.18B	0.16B	0.26B	0.17B	0.25B	0.18B	0.26B	0.37B	0.32B	0.25B	0.37B	0.35B	0.33B	0.20B	0.31B	0.45B	0.43B	0.22B	0.36B	0.41B	0.48B	0.32B	0.46B	0.51B	0.56B	0.38B	0.55B	0.62B	0.62B	0.37B
Total Current Liabilities	2.67B	3.40B	3.71B	3.17B	3.85B	2.95B	3.10B	2.89B	3.24B	3.38B	3.74B	3.03B	3.17B	3.51B	3.56B	2.84B	2.96B	3.89B	3.81B	3.34B	3.53B	4.13B	3.68B	2.75B	3.21B	3.40B	3.71B	3.16B	3.50B	3.83B	4.08B	3.59B	3.65B	3.81B	4.26B	4.12B	4.22B	4.73B	4.92B	5.74B	6.38B	6.20B	6.68B	6.86B	5.93B	6.53B	6.56B	6.12B	5.82B	6.66B	6.65B	6.59B	7.02B	7.29B	17.83B	7.91B	19.81B	20.61B	19.80B	18.66B	18.86B	19.60B	19.52B	19.77B	19.40B	21.10B	21.06B
Non-Current Liabilities
Non-Current Debt	3.59B	3.04B	3.03B	3.03B	3.03B	3.03B	3.03B	2.77B	2.77B	2.67B	2.67B	2.66B	2.66B	2.66B	2.66B	2.71B	2.70B	2.62B	2.62B	2.62B	3.21B	3.38B	3.37B	3.83B	3.83B	4.42B	4.40B	4.75B	4.50B	4.49B	4.50B	5.48B	5.48B	5.47B	5.22B	5.82B	5.81B	5.51B	5.51B	11.47B	11.46B	11.43B	10.74B	11.23B	11.98B	11.53B	10.80B	10.24B	10.26B	10.23B	10.93B	10.55B	10.49B	10.40B	11.23B	10.84B	10.25B	11.78B	11.84B	12.30B	12.28B	12.33B	19.43B	18.86B	18.96B	18.32B	18.32B
Pension	1.17B	1.18B	1.18B	1.16B	1.14B	0.94B	1.21B	1.22B	1.18B	1.15B	1.66B	1.61B	1.57B	1.59B	2.09B	1.99B	1.98B	1.98B	1.15B	1.14B	1.12B	1.09B	2.24B	2.07B	2.07B	2.11B	2.06B	2.04B	2.00B	1.97B	2.08B	2.02B	1.99B	1.95B	1.89B	1.84B	1.77B	1.73B	1.91B	1.87B	2.04B	2.00B	2.34B	2.25B	2.20B	2.16B	2.66B	2.59B	2.54B	2.39B	1.63B	1.51B	1.41B	1.31B	0.92B	0.90B	0.87B	0.84B	0.78B	0.75B	0.71B	0.70B	0.84B	0.83B	0.82B	0.79B	0.79B
Minority Interest	0.03B	0.04B	0.04B	0.04B	0.04B	0.04B	0.05B	0.06B	0.05B	0.06B	0.06B	0.07B	0.07B	0.07B	0.06B	0.07B	0.07B	0.08B	0.07B	0.08B	0.08B	0.08B	0.08B	0.09B	0.09B	0.10B	0.09B	0.09B	0.08B	0.08B	0.08B	0.09B	0.08B	0.09B	0.08B	0.08B	0.08B	0.09B	0.07B	0.08B	0.27B	0.18B	0.15B	0.16B	0.17B	0.16B	0.16B	0.16B	0.16B	0.15B	0.21B	0.22B	0.22B	0.23B	0.23B	0.24B	0.18B	0.18B	0.18B	0.20B	0.20B	0.19B	0.19B	0.20B	0.21B	0.21B	0.21B
Operating Leases																																								1.88B	2.33B	2.30B	1.93B	2.23B	2.23B	2.24B	1.92B	2.19B	2.33B	2.24B	1.88B	2.16B	2.07B	1.92B	1.67B	2.03B	2.01B	1.95B	1.66B	1.91B	1.89B	1.93B	1.59B	1.89B	1.88B	1.85B	1.86B
Other Non-Current Liabilities	1.22B	1.16B	1.02B	1.06B	1.08B	1.13B	1.12B	1.05B	1.03B	1.01B	0.98B	0.97B	0.98B	0.92B	0.91B	0.85B	0.91B	0.98B	1.05B	1.08B	1.13B	1.11B	1.03B	0.99B	1.08B	1.08B	1.13B	1.09B	1.04B	1.00B	0.96B	0.96B	0.95B	1.01B	1.31B	1.27B	1.26B	1.32B	1.36B	1.19B	1.59B	1.39B	1.40B	1.36B	1.42B	1.45B	1.49B	1.51B	1.72B	1.56B	1.71B	1.70B	1.52B	1.28B	1.36B	1.43B	1.44B	1.23B	1.27B	1.32B	1.26B	1.40B	1.26B	1.41B	1.58B	1.42B	1.41B
Total Non-Current Liabilities	7.94B	8.14B	8.45B	7.89B	8.50B	6.54B	6.75B	7.33B	7.64B	7.65B	6.52B	7.77B	7.87B	8.24B	6.75B	7.97B	8.09B	8.87B	6.46B	7.45B	8.23B	8.96B	6.43B	8.98B	9.46B	10.30B	5.79B	10.27B	10.33B	10.61B	10.96B	11.39B	11.42B	11.55B	11.68B	12.09B	12.10B	12.27B	12.63B	20.96B	22.18B	21.91B	22.02B	22.58B	22.36B	22.48B	22.30B	21.16B	20.97B	21.53B	31.08B	20.84B	21.00B	20.95B	32.00B	21.73B	32.99B	35.19B	34.39B	33.63B	33.77B	34.59B	41.68B	41.34B	41.00B	42.01B	41.98B
Total Liabilities	9.16B	9.30B	9.47B	8.95B	9.58B	7.67B	7.87B	8.39B	8.67B	8.66B	7.50B	8.74B	8.86B	9.16B	7.66B	8.82B	8.99B	9.86B	7.51B	8.53B	9.36B	10.07B	7.46B	9.97B	10.54B	11.38B	6.91B	11.36B	11.37B	11.60B	11.92B	12.35B	12.37B	12.56B	12.99B	13.36B	13.36B	13.59B	13.99B	22.15B	23.78B	23.30B	23.41B	23.94B	23.78B	23.93B	23.79B	22.68B	22.69B	23.09B	32.79B	22.53B	22.52B	22.23B	33.37B	23.16B	34.43B	36.41B	35.66B	34.95B	35.03B	35.98B	42.95B	42.75B	42.58B	43.42B	43.40B
Shareholder's Equity
Total Debt	3.99B	3.60B	3.59B	3.59B	3.59B	3.58B	3.03B	3.03B	3.03B	2.93B	2.93B	2.92B	2.92B	2.92B	2.92B	2.71B	2.71B	3.21B	2.96B	3.05B	3.54B	4.02B	3.38B	3.89B	3.94B	4.48B	4.41B	5.01B	4.76B	4.76B	4.81B	5.89B	5.64B	5.49B	5.49B	6.33B	6.25B	6.15B	5.82B	13.03B	13.12B	12.57B	11.96B	13.64B	13.20B	12.75B	11.31B	11.26B	10.77B	10.74B	10.95B	11.74B	11.80B	11.37B	11.49B	12.95B	12.62B	13.65B	13.46B	13.47B	13.54B	12.85B	19.95B	20.53B	19.73B	19.58B	19.59B
Common Equity	5.76B	6.04B	5.86B	6.01B	6.04B	7.24B	7.44B	6.69B	6.78B	6.46B	7.95B	6.26B	6.34B	6.58B	8.63B	6.71B	6.85B	7.12B	9.45B	8.04B	8.23B	7.92B	10.34B	6.86B	6.87B	6.34B	11.30B	6.77B	6.71B	6.75B	6.27B	6.62B	7.07B	7.13B	7.44B	8.02B	7.80B	7.54B	7.58B	7.99B	8.34B	7.80B	7.94B	7.45B	8.39B	8.75B	9.26B	9.60B	10.26B	9.89B	11.22B	11.16B	10.92B	9.79B	10.75B	11.20B	12.14B	11.59B	12.37B	12.62B	13.56B	13.88B	13.54B	14.27B	15.98B	15.36B	15.31B
Shareholder's Equity	5.76B	6.04B	5.86B	6.01B	6.04B	7.24B	7.44B	6.69B	6.78B	6.46B	7.95B	6.26B	6.34B	6.58B	8.63B	6.71B	6.85B	7.12B	9.45B	8.04B	8.23B	7.92B	10.34B	6.86B	6.87B	6.34B	11.30B	6.77B	6.71B	6.75B	6.27B	6.62B	7.07B	7.13B	7.44B	8.02B	7.80B	7.54B	7.58B	7.99B	8.34B	7.80B	7.94B	7.45B	8.39B	8.75B	9.26B	9.60B	10.26B	9.89B	11.22B	11.16B	10.92B	9.79B	10.75B	11.20B	12.14B	11.59B	12.37B	12.62B	13.56B	13.88B	13.54B	14.27B	15.98B	15.36B	15.31B
Liabilities and Shareholders Equity	14.92B	15.34B	15.34B	14.96B	15.62B	14.90B	15.31B	15.07B	15.45B	15.12B	15.45B	15.01B	15.20B	15.74B	16.29B	15.54B	15.84B	16.98B	16.96B	16.58B	17.59B	17.99B	17.79B	16.83B	17.41B	17.72B	18.22B	18.13B	18.08B	18.36B	18.19B	18.97B	19.44B	19.69B	20.43B	21.38B	21.16B	21.13B	21.58B	30.14B	32.12B	31.10B	31.36B	31.39B	32.17B	32.68B	33.05B	32.27B	32.95B	32.98B	44.01B	33.69B	33.44B	32.02B	44.11B	34.36B	46.57B	48.00B	48.03B	47.57B	48.59B	49.86B	56.48B	57.02B	58.55B	58.78B	58.71B
Treasury Shares	0.04B	0.04B		0.02B	0.02B	0.02B	0.02B	0.01B	0.02B	0.02B	0.02B	0.01B	0.02B	0.01B	0.02B	0.01B	0.01B	0.01B	0.01B	0.00B	0.01B	0.02B	0.02B	0.01B	0.03B	0.02B	0.04B	0.04B	0.01B	0.01B	0.05B	0.00B	0.01B	0.01B	0.05B	0.05B	0.06B	0.06B	0.06B		0.05B	0.00B	0.06B		0.05B	0.05B	0.05B	0.05B	0.05B	0.06B	0.06B	0.00B	0.06B	0.01B	0.07B	0.07B	0.07B	0.07B	0.07B	0.07B	0.00B	0.07B	0.07B	0.07B	0.07B	0.07B	0.08B
Retained Earnings	6.90B	7.01B	7.03B	7.06B	7.19B	7.24B	7.44B	7.53B	7.69B	7.70B	7.95B	8.05B	8.26B	8.37B	-3.31B	-3.38B	-3.44B	-3.21B	-2.62B	-2.71B	-2.61B	-2.90B	-3.85B	-4.09B	10.77B	10.93B	11.30B	11.46B	11.75B	11.95B	12.39B	12.61B	12.91B	13.11B	13.14B	13.81B	14.13B	14.20B	14.35B	14.64B	14.74B	14.81B	15.20B	15.49B	16.06B	15.90B	16.27B	16.78B	17.60B	17.59B	18.39B	18.92B	19.88B	19.84B	20.30B	20.95B	21.98B	22.01B	22.76B	23.46B	24.58B	24.52B	25.31B	25.88B	27.09B	26.95B	27.77B

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Marsh & Mclennan Companies Balance Sheet (2009-2025) | MRSH

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