Document and Entity Information - shares |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
May 02, 2017 |
|
Document and Entity Information [Abstract] | ||
Entity Registrant Name | Willis Towers Watson Plc. | |
Entity Central Index Key | 0001140536 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2017 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 135,192,486 |
X | ||||||||||
- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
|
X | ||||||||||
- Definition End date of current fiscal year in the format --MM-DD. No definition available.
|
X | ||||||||||
- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
|
X | ||||||||||
- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
|
X | ||||||||||
- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
|
X | ||||||||||
- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
|
X | ||||||||||
- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
|
X | ||||||||||
- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
|
X | ||||||||||
- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Document and Entity Information [Abstract] No definition available.
|
X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
|
X | ||||||||||
- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after sales adjustments, returns, allowances, and discounts, of revenue classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount for overfunded plans recognized in the balance sheet as a noncurrent asset associated with a defined benefit pension plan or other postretirement defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount of estimated litigation liability for known or estimated probable loss from litigation, which may include attorneys' fees and other litigation costs, which is expected to be paid after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Deferred Revenue and Accrued Liabilities, Current No definition available.
|
X | ||||||||||
- Definition Fiduciary Assets, Current No definition available.
|
X | ||||||||||
- Definition Fiduciary Liabilities, Current No definition available.
|
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) |
Mar. 31, 2017
$ / shares
shares
|
Mar. 31, 2017
€ / shares
shares
|
Dec. 31, 2016
$ / shares
shares
|
Dec. 31, 2016
€ / shares
shares
|
---|---|---|---|---|
Ordinary shares, $0.000304635 nominal value | ||||
Ordinary shares, nominal value (usd per share) | $ / shares | $ 0.000304635 | $ 0.000304635 | ||
Ordinary shares, shares authorized | 1,510,003,775 | 1,510,003,775 | 1,510,003,775 | 1,510,003,775 |
Ordinary shares, shares issued | 135,432,801 | 135,432,801 | 137,075,068 | 137,075,068 |
Ordinary shares, shares outstanding | 135,432,801 | 135,432,801 | 136,296,771 | 136,296,771 |
Preference shares, nominal value (usd per share) | $ / shares | $ 0.000115 | $ 0.000115 | ||
Preference shares, shares authorized | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 |
Preference shares, shares issued | 0 | 0 | 0 | 0 |
Treasury shares | 17,519 | 17,519 | 795,816 | 795,816 |
Ordinary shares, €1 nominal value | ||||
Ordinary shares, nominal value (usd per share) | € / shares | € 1 | € 1 | ||
Ordinary shares, shares authorized | 40,000 | 40,000 | 40,000 | 40,000 |
Ordinary shares, shares issued | 40,000 | 40,000 | 40,000 | 40,000 |
Treasury shares | 40,000 | 40,000 | 40,000 | 40,000 |
X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
CASH FLOWS FROM OPERATING ACTIVITIES | ||
NET INCOME | $ 352 | $ 245 |
Adjustments to reconcile net income to total net cash from operating activities: | ||
Depreciation | 52 | 43 |
Amortization | 151 | 161 |
Net periodic benefit of defined benefit pension plans | (31) | (23) |
Provision for doubtful receivables from clients | 9 | 13 |
Benefit from deferred income taxes | (74) | (70) |
Share-based compensation | 14 | 35 |
Non-cash foreign exchange (gain)/loss | (11) | 5 |
Other, net | 9 | 0 |
Changes in operating assets and liabilities, net of effects from purchase of subsidiaries: | ||
Accounts receivable | (253) | (161) |
Fiduciary assets | (1,657) | (1,379) |
Fiduciary liabilities | 1,657 | 1,379 |
Other assets | (62) | (118) |
Other liabilities | (109) | (80) |
Movement on provisions | 48 | 69 |
Net cash from operating activities | 95 | 119 |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | (62) | (48) |
Capitalized software costs | (15) | (18) |
Acquisitions of operations, net of cash acquired | (12) | 469 |
Other, net | 7 | 14 |
Net cash (used in)/from investing activities | (82) | 417 |
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 826 | (338) |
Senior notes issued | 0 | 997 |
Proceeds from issue of other debt | 32 | 400 |
Debt issuance costs | (3) | 0 |
Repayments of debt | (636) | (1,181) |
Repurchase of shares | (156) | 0 |
Proceeds from issuance of shares | 20 | 11 |
Cash paid for employee taxes on withholding shares | (3) | (1) |
Dividends paid | (65) | 0 |
Acquisitions of and dividends paid to noncontrolling interests | (1) | (4) |
Net cash provided by (used in) financing activities | 14 | (116) |
INCREASE IN CASH AND CASH EQUIVALENTS | 27 | 420 |
Effect of exchange rate changes on cash and cash equivalents | 4 | 2 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 870 | 532 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 901 | $ 954 |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) in operating assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) in operating liabilities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash (inflow) outflow from investing activities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the development or modification of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow from issuance of long-term debt classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from (to) a noncontrolling interest. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Depreciation, Not Including Integration Component No definition available.
|
X | ||||||||||
- Definition Increase (Decrease) in Fiduciary Assets No definition available.
|
X | ||||||||||
- Definition Increase (Decrease) in Fiduciary Liabilities No definition available.
|
X | ||||||||||
- Definition Increase (Decrease) in Litigation Liability No definition available.
|
X | ||||||||||
- Definition Amount of noncash expense (reversal of expense) for pension and other postretirement benefits. No definition available.
|
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) shares in Thousands, $ in Millions |
Total |
Shares outstanding |
Ordinary shares and APIC |
[2] | Retained earnings |
Treasury shares |
AOCL |
[3] | Total WTW shareholders’ equity |
Noncontrolling interests |
Redeemable Noncontrolling interests |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity, beginning balance (in shares) at Dec. 31, 2015 | [1] | 68,625 | |||||||||||||||||||
Equity, beginning balance at Dec. 31, 2015 | $ 2,360 | $ 1,672 | $ 1,597 | $ (3) | $ (1,037) | $ 2,229 | $ 131 | ||||||||||||||
Temporary equity, beginning balance at Dec. 31, 2015 | [4] | $ 53 | |||||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||
Net income | 244 | 238 | 238 | 6 | |||||||||||||||||
Net income | [4] | 1 | |||||||||||||||||||
Net income | 245 | ||||||||||||||||||||
Dividends | (64) | (64) | (64) | (3) | [4] | ||||||||||||||||
Other comprehensive income/(loss) | (16) | (16) | (16) | ||||||||||||||||||
Other comprehensive income/(loss) | [4] | 2 | |||||||||||||||||||
Other comprehensive income/(loss) | (14) | ||||||||||||||||||||
Issue of shares under employee stock compensation plans and related tax benefits (in shares) | [1] | 273 | |||||||||||||||||||
Issue of shares under employee stock compensation plans and related tax benefits | 10 | 10 | 10 | ||||||||||||||||||
Issue of shares for acquisitions (in shares) | [1] | 69,500 | |||||||||||||||||||
Issue of shares for acquisitions | 8,686 | 8,686 | 8,686 | ||||||||||||||||||
Replacement share-based compensation awards issued on acquisition | 37 | 37 | 37 | ||||||||||||||||||
Share-based compensation | 35 | 35 | 35 | ||||||||||||||||||
Additional noncontrolling interests | 15 | (1) | (1) | 16 | |||||||||||||||||
Foreign currency translation | (3) | (3) | (3) | ||||||||||||||||||
Equity, ending balance (in shares) at Mar. 31, 2016 | [1] | 138,398 | |||||||||||||||||||
Equity, ending balance at Mar. 31, 2016 | 11,304 | 10,436 | 1,771 | (3) | (1,053) | 11,151 | 153 | ||||||||||||||
Temporary equity, ending balance at Mar. 31, 2016 | [4] | 53 | |||||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||
Adoption of ASU 2016-16 (See Note 2) | Accounting Standards Update 2016-16 | (3) | (3) | (3) | ||||||||||||||||||
Equity, beginning balance (in shares) at Dec. 31, 2016 | [1] | 136,297 | |||||||||||||||||||
Equity, beginning balance at Dec. 31, 2016 | 10,183 | 10,596 | 1,452 | (99) | (1,884) | 10,065 | 118 | ||||||||||||||
Temporary equity, beginning balance at Dec. 31, 2016 | [4] | 51 | |||||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||
Shares repurchased (in shares) | [1] | (1,237) | |||||||||||||||||||
Shares repurchased | (156) | (156) | (156) | ||||||||||||||||||
Shares canceled | 96 | 96 | 96 | ||||||||||||||||||
Net income | 352 | 344 | 344 | 8 | |||||||||||||||||
Net income | [4] | 0 | |||||||||||||||||||
Net income | 352 | ||||||||||||||||||||
Dividends | (77) | (76) | (76) | (1) | 0 | [4] | |||||||||||||||
Other comprehensive income/(loss) | (23) | (24) | (24) | 1 | |||||||||||||||||
Other comprehensive income/(loss) | [4] | 2 | |||||||||||||||||||
Other comprehensive income/(loss) | (21) | ||||||||||||||||||||
Issue of shares under employee stock compensation plans and related tax benefits (in shares) | [1] | 373 | |||||||||||||||||||
Issue of shares under employee stock compensation plans and related tax benefits | 20 | 20 | 20 | ||||||||||||||||||
Share-based compensation | 14 | 14 | 14 | ||||||||||||||||||
Foreign currency translation | (2) | (2) | (2) | ||||||||||||||||||
Equity, ending balance (in shares) at Mar. 31, 2017 | [1] | 135,433 | |||||||||||||||||||
Equity, ending balance at Mar. 31, 2017 | $ 10,404 | $ 10,628 | $ 1,561 | $ (3) | $ (1,908) | $ 10,278 | $ 126 | ||||||||||||||
Temporary equity, ending balance at Mar. 31, 2017 | [4] | $ 53 | |||||||||||||||||||
|
X | ||||||||||
- Definition This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption. No definition available.
|
X | ||||||||||
- Definition Amount of paid and unpaid common stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after income tax of income (loss) including the portion attributable to nonredeemable noncontrolling interest. Excludes the portion attributable to redeemable noncontrolling interest recognized as temporary equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in noncontrolling interest from a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of shares issued which are neither cancelled nor held in the treasury. No definition available.
|
X | ||||||||||
- Definition Number of shares of stock issued during the period pursuant to acquisitions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Value of stock issued pursuant to acquisitions during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Value of forfeitures of stock or other type of equity issued of any equity-based compensation plan other than an employee stock ownership plan (ESOP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of shares that have been repurchased and retired during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount, attributable to parent and noncontrolling interests, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Adjustments to Additional Paid in Capital, Foreign Currency Translation Gain (Loss) No definition available.
|
X | ||||||||||
- Definition Adjustments to Additional Paid in Capital, Share-based Compensation, Acquisitions No definition available.
|
X | ||||||||||
- Definition Other Comprehensive Income (Loss), Net of Tax, Attributable to Redeemable Noncontrolling Interest No definition available.
|
X | ||||||||||
- Definition Other Comprehensive Income (Loss), Net of Tax Including Portion Attributable to Nonredeemable Noncontrolling Interest No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Nature of Operations |
3 Months Ended |
---|---|
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Operations | Nature of Operations Willis Towers Watson plc was formed upon completion of the Merger on January 4, 2016, between Willis and Towers Watson. See Note 3 — Merger for additional information pertaining to this transaction. Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. The Company has more than 41,000 employees and services clients in more than 140 countries and territories. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. We offer clients a broad range of services to help them to identify and control their risks, and to enhance business performance by improving their ability to attract, retain and engage a talented workforce. Our risk control services range from strategic risk consulting (including providing actuarial analysis), to a variety of due diligence services, to the provision of practical on-site risk control services (such as health and safety or property loss control consulting), as well as analytical and advisory services (such as hazard modeling and reinsurance optimization studies). We assist clients in planning how to manage incidents or crises when they occur. These services include contingency planning, security audits and product tampering plans. We help our clients enhance their business performance by delivering consulting services, technology and solutions that help organizations anticipate, identify and capitalize on emerging opportunities in human capital management as well as investment advice to help our clients develop disciplined and efficient strategies to meet their investment goals. As an insurance broker, we act as an intermediary between our clients and insurance carriers by advising our clients on their risk management requirements, helping clients determine the best means of managing risk and negotiating and placing insurance with insurance carriers through our global distribution network. We operate the largest private Medicare exchange in the United States (‘U.S.’). Through this exchange and those for active employees, we help our clients move to a more sustainable economic model by capping and controlling the costs associated with healthcare benefits. We are not an insurance company, and therefore we do not underwrite insurable risks for our own account. We believe our broad perspective allows us to see the critical intersections between talent, assets and ideas - the dynamic formula that drives business performance. |
X | ||||||||||
- Definition The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
Basis of Presentation and Recent Accounting Policies |
3 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||
Accounting Policies [Abstract] | |||||||||||||
Basis of Presentation and Recent Accounting Policies | Basis of Presentation and Recent Accounting Pronouncements Basis of Presentation The accompanying unaudited quarterly condensed consolidated financial statements of Willis Towers Watson and our subsidiaries are presented in accordance with the rules and regulations of the Securities and Exchange Commission (‘SEC’) for quarterly reports on Form 10-Q and therefore do not include all of the information and footnotes required by U.S. generally accepted accounting principles (‘GAAP’). We have reclassified certain prior period amounts to conform to current period presentation due to the adoption of certain updated accounting standards (see below for further discussion). In the opinion of management, these condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation of the condensed consolidated financial statements and results for the interim periods. All intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated financial statements should be read together with the Company’s Annual Report on Form 10-K filed with the SEC on March 1, 2017, and may be accessed via EDGAR on the SEC’s web site at www.sec.gov. The results of operations for the three months ended March 31, 2017 are not necessarily indicative of the results that can be expected for the entire year. The results reflect certain estimates and assumptions made by management, including those estimates used in calculating acquisition consideration and fair value of tangible and intangible assets and liabilities, professional liability claims, estimated bonuses, valuation of billed and unbilled receivables, and anticipated tax liabilities that affect the amounts reported in the condensed consolidated financial statements and related notes. Recent Accounting Pronouncements Not yet adopted In May 2014, the Financial Accounting Standards Board (‘FASB’) issued Accounting Standard Update (‘ASU’) No. 2014-09, Revenue From Contracts With Customers. The new standard supersedes most current revenue recognition guidance and eliminates industry-specific guidance. The ASU is based on the principle that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the new standard. Additional ASUs have since been issued which provide additional guidance, examples and technical corrections for the implementation of ASU No. 2014-09. The guidance is effective for the Company at the beginning of its 2018 fiscal year, with early adoption permitted. While we are still in the process of analyzing our various revenue streams to determine the full impact this standard will have on our revenue recognition, cost deferral, systems and processes, the Company has determined the following:
The Company continues to update its assessment of the impacts of the accounting standard, and related updates, to its condensed consolidated financial statements, and will note material impacts when known. In February 2016, the FASB issued ASU No. 2016-02, Leases, which requires a lessee to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The ASU becomes effective for the Company at the beginning of its 2019 fiscal year and early adoption is permitted. In transition, the Company is required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach, which includes a number of optional practical expedients. While the Company continues to assess the impact of the ASU to its condensed consolidated financial statements, the majority of its leases are currently considered operating leases and will be capitalized as a lease asset on its balance sheet with a related lease liability for the obligated lease payments. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments, which amends guidance on presentation and classification of eight specific cash flow issues with the objective of reducing diversity in practice. The ASU becomes effective for the Company on January 1, 2018. Early adoption is permitted and any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The Company is still assessing the impact of this ASU, but we believe the impact on our financial statements will be immaterial as we are currently largely in compliance with its requirements. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment, which simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, current U.S. GAAP requires the performance of procedures to determine the fair value at the impairment testing date of assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, the amendments under this ASU require the goodwill impairment test to be performed by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The ASU becomes effective for the Company on January 1, 2020. The amendments in this ASU should be applied on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect an immediate impact to its condensed consolidated financial statements upon adopting this ASU since the most recent Step 1 goodwill impairment test resulted in fair values in excess of carrying values for all reporting units at October 1, 2016. In March 2017, the FASB issued ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which requires entities to (1) disaggregate the current service-cost component from the other components of net benefit cost (the ‘other components’) and present it in the income statement with other current compensation costs for related employees and (2) present the other components elsewhere in the income statement and outside of income from operations if that subtotal is presented. In addition, the ASU requires entities to disclose the income statement lines that contain the other components if they are not presented or included in appropriately described separate lines. The ASU becomes effective for the Company on January 1, 2018, and should be applied retrospectively. Early adoption is permitted as of the beginning of a financial year. The Company is currently assessing the impact that this standard will have on its condensed consolidated financial statements. Adopted In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation, which simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The ASU became effective for the Company on January 1, 2017. In accordance with the prospective adoption of the recognition of excess tax benefits and deficiencies in the condensed consolidated statements of comprehensive income, we recognized a $1 million tax benefit in provision for income taxes during the three months ended March 31, 2017. In addition, we elected to prospectively adopt the amendment to present excess tax benefits on share-based compensation as an operating activity, resulting in the recognition of a $1 million excess tax benefit as an operating activity in the condensed consolidated statement of cash flows for the three months ended March 31, 2017. We elected to continue to estimate expected forfeitures. We also retrospectively adopted the amendment to present cash payments to tax authorities in connection with shares withheld to meet statutory tax withholding requirements as a financing activity. As a result, this $1 million use of cash was reclassified from net cash from operating activities to net cash used in financing activities in the condensed consolidated statement of cash flows for the three months ended March 31, 2016. In October 2016, the FASB issued ASU No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory, which amends guidance regarding the recognition of current and deferred income taxes for intra-entity asset transfers. Current U.S. GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. The ASU states that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The amendments in this ASU should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company elected to early adopt this standard on January 1, 2017, and recorded a cumulative reduction to retained earnings of $3 million. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity. No definition available.
|
Merger |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Combinations [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Merger | Merger On January 4, 2016, pursuant to the Agreement and Plan of Merger, dated June 29, 2015, as amended on November 19, 2015, between Willis, Towers Watson, and Citadel Merger Sub, Inc., a wholly-owned subsidiary of Willis formed for the purpose of facilitating this transaction (‘Merger Sub’), Merger Sub merged with and into Towers Watson, with Towers Watson continuing as the surviving corporation and as a wholly-owned subsidiary of Willis. At the effective time of the Merger (the ‘Effective Time’), each issued and outstanding share of Towers Watson common stock (the ‘Towers Watson shares’), was converted into the right to receive 2.6490 validly issued, fully paid and nonassessable ordinary shares of Willis (the ‘Willis ordinary shares’), $0.000115 nominal value per share, other than any Towers Watson shares owned by Towers Watson, Willis or Merger Sub at the Effective Time and the Towers Watson shares held by stockholders who are entitled to, and who properly exercised, dissenter’s rights under Delaware law. Immediately following the Merger, Willis effected (i) a consolidation (i.e., a reverse stock split under Irish law) of Willis ordinary shares whereby every 2.6490 Willis ordinary shares were consolidated into one Willis ordinary share ($0.000304635 nominal value per share) and (ii) an amendment to its Constitution and other organizational documents to change its name from Willis Group Holdings Public Limited Company to Willis Towers Watson Public Limited Company. On December 29, 2015, the third business day immediately prior to the closing date of the Merger, Towers Watson declared and paid a pre-merger special dividend of $10.00 per share of its common stock, and approximately $694 million in the aggregate based on approximately 69 million Towers Watson shares issued and outstanding at December 29, 2015. On December 30, 2015, all Towers Watson treasury stock was canceled. The Merger was accounted for using the acquisition method of accounting with Willis considered the accounting acquirer of Towers Watson. The table below presents the final calculation of aggregate Merger consideration.
A summary of the fair values of the identifiable assets acquired, and liabilities assumed, of Towers Watson at January 4, 2016 are summarized in the following table.
The purchase price allocation as of the date of acquisition was based on a valuation of the assets acquired and liabilities assumed in the acquisition. The purchase price allocation was complete as of December 31, 2016. Goodwill is calculated as the difference between aggregate Merger consideration and the acquisition date fair value of the net assets acquired, and represents the value of the Legacy Towers Watson assembled workforce and the future economic benefits that we expect to realize as a result of the Merger. None of the goodwill recognized on the transaction is tax deductible. The acquired intangible assets are attributable to the following categories:
Acquired Share-Based Compensation Plans In connection with the Merger, we assumed certain stock options and restricted stock units (‘RSUs’) issued under the Towers Watson & Co. 2009 Long Term Incentive Plan (‘LTIP’), the Liazon Corporation 2011 Equity Incentive Plan, and the Extend Health, Inc. 2007 Equity Incentive Plan. Stock Options. The outstanding unvested employee stock options were converted into 592,486 Willis Towers Watson stock options using the conversion ratios stated in the Merger agreement for the number of options. The fair value of the stock options was calculated using the Black-Scholes model with a volatility and risk-free interest rate over the expected term of each group of options and Willis Towers Watson’s closing share price on the date of acquisition. We determined the fair value of the portion of the outstanding options related to pre-acquisition employee service using the straight-line expense methodology from the date of grant to the acquisition date to be $7 million, which was added to the transaction consideration. The fair value of the remaining portion of options related to the post-acquisition employee services was $13 million, and will be recognized over the future vesting periods. Restricted Stock Units. The outstanding unvested RSUs were converted into 597,307 Willis Towers Watson RSUs using the conversion ratios as stated in the Merger agreement. The fair value of these RSUs was calculated using Willis Towers Watson’s closing share price on the date of acquisition. We determined the fair value of the portion of the outstanding RSUs related to pre-acquisition employee service using the straight-line expense methodology from the date of grant to the acquisition date to be $30 million, which was added to the transaction consideration. The fair value of the remaining portion of RSUs related to the post-acquisition employee services was $32 million, and will be recognized over the future vesting periods. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. No definition available.
|
Segment Information |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Information | Segment Information Willis Towers Watson has four reportable operating segments or business areas:
Willis Towers Watson’s chief operating decision maker is its chief executive officer. We determined that the operational data used by the chief operating decision maker is at the segment level. Management bases strategic goals and decisions on these segments and the data presented below is used to assess the adequacy of strategic decisions, the method of achieving these strategies and related financial results. The Company experiences seasonal fluctuations of its commissions and fees revenue. Revenue is typically higher during the Company’s first and fourth quarters due to timing of broking-related activities. Beginning in 2017, we made certain changes that affect our segment results. These changes, which are detailed in the Form 8-K filed with the SEC on April 7, 2017, include the following:
The prior period comparatives reflected in the tables below have been retrospectively adjusted to reflect our current segment presentation. The following table presents segment commissions and fees, segment interest and other income, segment revenues, and segment operating income for our reportable segments for the three months ended March 31, 2017 and 2016, respectively.
The following table presents a reconciliation of the information reported by segment to the Company’s consolidated amounts reported for the three months ended March 31, 2017 and 2016, respectively:
________________________
The Company does not currently provide asset information by reportable segment as it does not routinely evaluate the total asset position by segment. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Restructuring Costs |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Costs | Restructuring Costs The Company has two major elements of the restructuring costs included in the condensed consolidated financial statements, which are the Operational Improvement Program, continuing through 2017, and the Business Merger Restructure Program, which was fully accrued by the end of 2016. Operational Improvement Program - In April 2014, Legacy Willis announced a multi-year operational improvement program designed to strengthen its client service capabilities and to deliver future cost savings. The main elements of the program, which will be completed by the end of 2017, include: moving more than 3,500 support roles from higher cost locations to facilities in lower cost locations; net workforce reductions in support positions; lease consolidation in real estate; and information technology systems simplification and rationalization. The Company recognized restructuring costs of $27 million and $25 million in the three months ended March 31, 2017 and 2016, respectively, all of which were related to the Operational Improvement Program. The Company expects to incur $130 million of restructuring costs during fiscal year 2017, bringing the cumulative restructuring charges to approximately $440 million. An analysis of the total cumulative restructuring costs recognized for the Operational Improvement Program from commencement to March 31, 2017 by segment is as follows:
At March 31, 2017, the Company’s liability under the Operational Improvement Program was as follows:
Business Restructure Program - In the second quarter of 2016, we began planning targeted staffing reductions in certain portions of the business due to a reduction in business demand or change in business focus (hereinafter referred to as the Business Restructure Program). The main element of the program included workforce reductions, and was completed in 2016. The Company recognized no restructuring costs for the three months ended March 31, 2017 and 2016 related to the Business Restructure Program. At March 31, 2017, the Company’s liability under the Business Restructure Program was as follows:
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes |
3 Months Ended |
---|---|
Mar. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes Provision for income taxes for the three months ended March 31, 2017 was $46 million, compared to $18 million for the three months ended March 31, 2016. The effective tax rate was 11.6% for the three months ended March 31, 2017 and 6.9% for the three months ended March 31, 2016. Our effective tax rate is low as compared to the U.S. statutory rate of 35%. This is primarily due to our global mix of income which creates deductions in jurisdictions with high statutory income tax rates. The effective tax rate for the three months ended March 31, 2017 was higher than the rate for the three months ended March 31, 2016 primarily due to the U.S. tax expense resulting from an internal reorganization of certain legacy Towers Watson businesses. Historically, we have not provided deferred taxes on cumulative earnings of our subsidiaries that have been reinvested indefinitely. As a result of our plan to restructure or distribute accumulated earnings of certain acquired Towers Watson foreign operations, we continue to accrue deferred taxes on current year earnings of those subsidiaries. However, we assert that the historical cumulative earnings of our other subsidiaries are reinvested indefinitely, and therefore do not provide deferred tax liabilities on these amounts. The Company records valuation allowances against net deferred tax assets based on whether it is more likely than not that the deferred tax assets will be realized. We have liabilities for uncertain tax positions under Accounting Standards Codification (‘ASC’) 740, Income Taxes of $54 million, excluding interest and penalties. The Company believes the outcomes that are reasonably possible within the next 12 months may result in a reduction in the liability for uncertain tax positions in the range of approximately $1 million to $4 million, excluding interest and penalties. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Goodwill and Other Intangible Assets |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of businesses acquired over the fair market value of identifiable net assets at the dates of acquisition. Goodwill is not amortized but is subject to impairment testing annually and whenever facts or circumstances indicate that the carrying amounts may not be recoverable. Goodwill is allocated to our reporting units primarily based on the original purchase price allocation for acquisitions within the reporting units, or relative fair value when an acquisition covers multiple reporting units. When a business entity is sold, goodwill is allocated to the disposed entity based on the relative fair value of that entity compared with the fair value of the reporting unit in which it was included. The components of goodwill are outlined below for the three months ended March 31, 2017:
____________________
Other Intangible Assets The following table reflects changes in the net carrying amounts of the components of finite-lived intangible assets for the three months ended March 31, 2017:
We record amortization related to our finite-lived intangible assets. Exclusive of the amortization of our favorable lease agreements, for the three months ended March 31, 2017 and 2016, we recorded amortization of $151 million and $161 million, respectively. Our acquired unfavorable lease liabilities were $29 million as of both March 31, 2017 and December 31, 2016 and are recorded in other non-current liabilities in the condensed consolidated balance sheet. The following table reflects the carrying value of finite-lived intangible assets and liabilities as of March 31, 2017 and December 31, 2016:
The weighted average remaining life of amortizable intangible assets and liabilities at March 31, 2017 was 14.7 years. The table below reflects the future estimated amortization expense for amortizable intangible assets and the rent offset resulting from amortization of the net lease intangible assets and liabilities for the remainder of 2017 and for subsequent years:
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Financial Instruments |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Financial Instruments | Derivative Financial Instruments We are exposed to certain interest rate and foreign currency risks. Where possible, we identify exposures in our business that can be offset internally. Where no natural offset is identified, we may choose to enter into various derivative transactions. These instruments have the effect of reducing our exposure to unfavorable changes in interest and foreign currency rates. The Company’s board of directors reviews and approves policies for managing each of these risks as summarized below. Interest Rate Risk - Investment Income As a result of the Company’s operating activities, the Company holds fiduciary funds. The Company earns interest on these funds, which is included in the Company’s condensed consolidated financial statements as interest and other income. These funds are regulated in terms of access as are the instruments in which they may be invested, most of which are short-term in nature. During 2015, in order to manage interest rate risk arising from these financial assets, the Company entered into interest rate swaps to receive a fixed rate of interest and pay a variable rate of interest. These derivatives were designated as hedging instruments at March 31, 2017 and December 31, 2016 and had total notional amounts of $300 million at both dates presented and net fair value liabilities of $1 million and nil, respectively. Foreign Currency Risk Certain non-U.S. subsidiaries receive revenues and incur expenses in currencies other than their functional currency and as a result, the foreign subsidiary’s functional currency revenues will fluctuate as the currency rates change. Additionally, the forecast Pounds sterling expenses of our London brokerage market operations may exceed their Pounds sterling revenues, and they may also hold a significant net Pounds sterling asset or liability position in the consolidated balance sheet. To reduce such variability, we use foreign exchange forward contracts to hedge against this currency risk. These derivatives were designated as hedging instruments and as of March 31, 2017 and December 31, 2016 had total notional amounts of $787 million and $945 million, respectively, and net fair value liabilities of $85 million and $110 million, respectively. At March 31, 2017, the Company estimates, based on current interest and exchange rates, there will be $57 million of net derivative losses on forward exchange rates, interest rate swaps, and treasury locks reclassified from accumulated other comprehensive income/(loss) into earnings within the next twelve months as the forecast transactions affect earnings. At March 31, 2017, our longest outstanding maturity was 2.2 years. The effects of the material derivative instruments that are designated as hedging instruments on the condensed consolidated statements of comprehensive income for the three months ended March 31, 2017 and 2016 are as follows:
We also enter into foreign currency transactions, primarily to hedge certain intercompany loans. These derivatives are not generally designated as hedging instruments and at March 31, 2017 and December 31, 2016, we had notional amounts of $461 million and $630 million, respectively, and had nil and a net fair value liability of $8 million, respectively. The effects of derivatives that have not been designated as hedging instruments on the condensed consolidated statements of comprehensive income was a gain of $8 million and a loss of $10 million for the three months ended March 31, 2017 and 2016, respectively. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Debt |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt | Debt Short-term debt and current portion of long-term debt consists of the following:
Long-term debt consists of the following:
Revolving credit facility On March 7, 2017, the Company, together with its wholly-owned subsidiary, Trinity Acquisition plc (see Note 18 for further information), entered into a $1.25 billion amended and restated revolving credit facility (the ‘RCF’), that will mature on March 7, 2022. The RCF replaced the previous $800 million revolving credit facility. Amounts outstanding under the RCF shall bear interest at LIBOR plus a margin of 1.00% to 1.75%, or alternatively, the base rate plus a margin of 0.00% to 0.75%, based upon the Company’s guaranteed senior unsecured long-term debt rating. Borrowings of $409 million and €45 million against the RCF were used to repay all outstanding borrowings against the previous $800 million credit facility and the 7-year term loan due July 23, 2018. Additionally, on March 28, 2017, $407 million was used to repay the 6.200% senior notes due 2017, including accrued interest. At March 31, 2017 and December 31, 2016, we were in compliance with all financial covenants. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value Measurements |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements | Fair Value Measurements The Company has categorized its assets and liabilities that are measured at fair value on a recurring and non-recurring basis into a three-level fair value hierarchy, based on the reliability of the inputs used to determine fair value as follows:
The following methods and assumptions were used by the Company in estimating its fair value disclosure for financial instruments: Market values for our derivative instruments have been used to determine the fair value of interest rate swaps and forward foreign exchange contracts based on estimated amounts the Company would receive or have to pay to terminate the agreements, taking into account the current interest rate environment or current foreign currency forward rates. Such financial instruments are classified as Level 2 in the fair value hierarchy. Available-for-sale securities are classified as Level 1 because we use quoted market prices in determining the fair value of these securities. Contingent consideration payable is classified as Level 3, and we estimate fair value based on the likelihood and timing of achieving the relevant milestones of each arrangement, applying a probability assessment to each of the potential outcomes, and discounting the probability-weighted payout. Typically, milestones are based on revenue or EBITDA growth for the acquired business. The following tables present our assets and liabilities measured at fair value on a recurring basis at March 31, 2017 and December 31, 2016:
The following table summarizes the change in fair value of the Level 3 liabilities:
There were no significant transfers between Levels 1, 2 or 3 in the three months ended March 31, 2017 and 2016. The following presents our liabilities not measured at fair value on a recurring basis at March 31, 2017 and December 31, 2016:
The carrying values of our revolving lines of credit and term loans approximate their fair values. The fair values above are not necessarily indicative of the amounts that the Company would realize upon disposition nor do they indicate the Company’s intent or ability to dispose of the financial instrument. The fair value of our respective senior notes are considered level 2 financial instruments as they are corroborated by observable market data. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Retirement Benefits |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retirement Benefits | Retirement Benefits Defined Benefit Plans and Post-retirement Welfare Plan Willis Towers Watson sponsors both qualified and non-qualified defined benefit pension plans and other post-retirement welfare plans (‘PRW’) plans throughout the world. The majority of our plan assets and obligations are in the United States and the United Kingdom. We have also included disclosures related to defined benefit plans in certain other countries, including Canada, France, Germany, Ireland and the Netherlands. Together, these disclosed funded and unfunded plans represented 99% of Willis Towers Watson’s pension and PRW obligations and are disclosed herein. Components of Net Periodic Benefit Cost for Defined Benefit Pension and Post-retirement Welfare Plans The following table sets forth the components of net periodic benefit cost for the Company’s defined benefit pension and PRW plans for the three months ended March 31, 2017 and 2016, respectively:
Employer Contributions to Defined Benefit Pension Plans The Company made no contributions to its U.S. plans for the three months ended March 31, 2017 and anticipates making $50 million in contributions over the remainder of the fiscal year. The Company made contributions of $12 million to its U.K. plans for the three months ended March 31, 2017 and anticipates making additional contributions of $48 million for the remainder of the fiscal year. The Company made contributions of $5 million to its other plans for the three months ended March 31, 2017 and anticipates making additional contributions of $9 million for the remainder of the fiscal year. Defined Contribution Plans The Company made contributions of $42 million and $36 million to its various defined contribution plans during the three months ended March 31, 2017 and 2016, respectively. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments and Contingencies |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies | Commitments and Contingencies Indemnification Agreements Willis Towers Watson has various agreements which provide that it may be obligated to indemnify the other party to the agreement with respect to certain matters. Generally, these indemnification provisions are included in contracts arising in the normal course of business and in connection with the purchase and sale of certain businesses. Although it is not possible to predict the maximum potential amount of future payments that may become due under these indemnification agreements because of the conditional nature of Willis Towers Watson’s obligations and the unique facts of each particular agreement, the Company does not believe that any potential liability that might arise from such indemnity provisions is probable or material. There are no provisions for recourse to third parties, nor are any assets held by any third parties that any guarantor can liquidate to recover amounts paid under such indemnities. Legal Proceedings In the ordinary course of business, the Company is subject to various actual and potential claims, lawsuits and other proceedings. Some of the claims, lawsuits and other proceedings seek damages in amounts which could, if assessed, be significant. We do not expect the impact of claims or demands not described below to be material to the Company’s financial statements. The Company also receives subpoenas in the ordinary course of business and, from time to time, receives requests for information in connection with governmental investigations. Errors and omissions claims, lawsuits, and other proceedings arising in the ordinary course of business are covered in part by professional indemnity or other appropriate insurance. The terms of this insurance vary by policy year. Regarding self-insured risks, the Company has established provisions which are believed to be adequate in the light of current information and legal advice, or, in certain cases, where a range of loss exists, the Company accrues the minimum amount in the range if no amount within the range is a better estimate than any other amount. The Company adjusts such provisions from time to time according to developments. On the basis of current information, the Company does not expect that the actual claims, lawsuits and other proceedings to which the Company is subject, or potential claims, lawsuits, and other proceedings relating to matters of which it is aware, will ultimately have a material adverse effect on the Company’s financial condition, results of operations or liquidity. Nonetheless, given the large or indeterminate amounts sought in certain of these actions, and the inherent unpredictability of litigation and disputes with insurance companies, it is possible that an adverse outcome or settlement in certain matters could, from time to time, have a material adverse effect on the Company’s results of operations or cash flows in particular quarterly or annual periods. In addition, given the early stages of some litigation or regulatory proceedings described below, it is not possible to predict their outcome or resolution, and it is possible that these events may have a material adverse effect on the Company. The Company provides for contingent liabilities based on ASC 450, Contingencies, when it is determined that a liability, inclusive of defense costs, is probable and reasonably estimable. The contingent liabilities recorded are primarily developed actuarially. Litigation is subject to many factors which are difficult to predict so there can be no assurance that in the event of a material unfavorable result in one or more claims, we will not incur material costs. Merger-related Appraisal demands Between November 12, 2015 and December 10, 2015, in connection with the then-proposed Merger, Towers Watson received demands for appraisal under Section 262 of the Delaware General Corporation Law on behalf of ten purported beneficial owners of an aggregate of approximately 2.4% of the shares of Towers Watson common stock outstanding at the time of the Merger. Between March 3, 2016 and March 23, 2016, three appraisal petitions were filed in the Court of Chancery for the State of Delaware on behalf of three purported beneficial owners of an aggregate of 1,354,338 shares of Towers Watson common stock, captioned Rangeley Capital LLC v. Towers Watson & Co., C.A. No. 12063-CB, Merion Capital L.P. v. Towers Watson & Co., C.A. No. 12064-CB, and College Retirement Equities Fund v. Towers Watson & Co., C.A. No. 12126-CB. The appraisal petitions seek, among other things, a determination of the fair value of the appraisal petitioners’ shares at the time of the Merger; an order that Towers Watson pay that value to the appraisal petitioners, together with interest at the statutory rate; and an award of costs, attorneys’ fees, and other expenses. Towers Watson answered the appraisal petitions between March 24, 2016 and April 18, 2016. On May 9, 2016, the court consolidated the three pending appraisal proceedings under the caption In re Appraisal of Towers Watson & Co., Consolidated C.A. No. 12064-CB. Based on all of the information to date, the Company is currently unable to estimate what the court would determine, following trial, to be the fair value of the appraisal petitioners’ shares. It is possible that the court could determine that fair value was the same as, less than or greater than the value received by shareholders in the Merger. Therefore we are unable to provide an estimate of the reasonably possible loss or range of loss as to such value. The Company intends to vigorously defend against the appraisal proceedings. Stanford Financial Group The Company has been named as a defendant in 15 similar lawsuits relating to the collapse of The Stanford Financial Group (‘Stanford’), for which Willis of Colorado, Inc. acted as broker of record on certain lines of insurance. The complaints in these actions generally allege that the defendants actively and materially aided Stanford’s alleged fraud by providing Stanford with certain letters regarding coverage that they knew would be used to help retain or attract actual or prospective Stanford client investors. The complaints further allege that these letters, which contain statements about Stanford and the insurance policies that the defendants placed for Stanford, contained untruths and omitted material facts and were drafted in this manner to help Stanford promote and sell its allegedly fraudulent certificates of deposit. The 15 actions are as follows:
On May 10, 2011, the court presiding over the Stanford-related actions in the Northern District of Texas entered an order providing that it would consider the applicability of SLUSA to the Stanford-related actions based on the decision in a separate Stanford action not involving a Willis entity, Roland v. Green, Civil Action No. 3:10-CV-0224-N (‘Roland’). On August 31, 2011, the court issued its decision in Roland, dismissing that action with prejudice under SLUSA. On October 27, 2011, the court in Troice entered an order (i) dismissing with prejudice those claims asserted in the Third Amended Class Action Complaint on a class basis on the grounds set forth in the Roland decision discussed above and (ii) dismissing without prejudice those claims asserted in the Third Amended Class Action Complaint on an individual basis. Also on October 27, 2011, the court entered a final judgment in the action. On October 28, 2011, the plaintiffs in Troice filed a notice of appeal to the U.S. Court of Appeals for the Fifth Circuit. Subsequently, Troice, Roland and a third action captioned Troice, et al. v. Proskauer Rose LLP, Civil Action No. 3:09-CV-01600-N, which also was dismissed on the grounds set forth in the Roland decision discussed above and on appeal to the U.S. Court of Appeals for the Fifth Circuit, were consolidated for purposes of briefing and oral argument. Following the completion of briefing and oral argument, on March 19, 2012, the Fifth Circuit reversed and remanded the actions. On April 2, 2012, the defendants-appellees filed petitions for rehearing en banc. On April 19, 2012, the petitions for rehearing en banc were denied. On July 18, 2012, defendants-appellees filed a petition for writ of certiorari with the United States Supreme Court regarding the Fifth Circuit’s reversal in Troice. On January 18, 2013, the Supreme Court granted our petition. Opening briefs were filed on May 3, 2013 and the Supreme Court heard oral argument on October 7, 2013. On February 26, 2014, the Supreme Court affirmed the Fifth Circuit’s decision. On March 19, 2014, the plaintiffs in Troice filed a Motion to Defer Resolution of Motions to Dismiss, to Compel Rule 26(f) Conference and For Entry of Scheduling Order. On March 25, 2014, the parties in Troice and the Janvey, et al. v. Willis of Colorado, Inc., et al. action discussed below stipulated to the consolidation of the two actions for pre-trial purposes under Rule 42(a) of the Federal Rules of Civil Procedure. On March 28, 2014, the Court ‘so ordered’ that stipulation and, thus, consolidated Troice and Janvey for pre-trial purposes under Rule 42(a). On September 16, 2014, the court (a) denied the plaintiffs’ request to defer resolution of the defendants’ motions to dismiss, but granted the plaintiffs’ request to enter a scheduling order; (b) requested the submission of supplemental briefing by all parties on the defendants’ motions to dismiss, which the parties submitted on September 30, 2014; and (c) entered an order setting a schedule for briefing and discovery regarding plaintiffs’ motion for class certification, which schedule, among other things, provided for the submission of the plaintiffs’ motion for class certification (following the completion of briefing and discovery) on April 20, 2015. On December 15, 2014, the court granted in part and denied in part the defendants’ motions to dismiss. On January 30, 2015, the defendants except Willis Group Holdings plc answered the Third Amended Class Action Complaint. On April 20, 2015, the plaintiffs filed their motion for class certification, the defendants filed their opposition to plaintiffs’ motion, and the plaintiffs filed their reply in further support of the motion. Pursuant to an agreed stipulation also filed with the court on April 20, 2015, the defendants on June 4, 2015 filed sur-replies in further opposition to the motion. The Court has not yet scheduled a hearing on the motion. On June 19, 2015, Willis Group Holdings plc filed a motion to dismiss the complaint for lack of personal jurisdiction. On November 17, 2015, Willis Group Holdings plc withdrew the motion. On March 31, 2016, the parties in the Troice and Janvey actions entered into a settlement in principle that is described in more detail below.
On September 30, 2014, the court denied the plaintiffs’ motion to remand in Zacarias, and, on October 3, 2014, the court denied the plaintiffs’ motions to remand in Tisminesky and de Gadala Maria. On December 3, 2014 and March 3, 2015, the court granted the plaintiffs’ motions to remand in Barbar and Ranni, respectively, remanded both actions to Florida state court (Miami-Dade County) and stayed both actions until further order of the court. On January 2, 2015 and April 1, 2015, the plaintiffs in Barbar and Ranni, respectively, appealed the court’s December 3, 2014 and March 3, 2015 decisions to the Fifth Circuit. On April 22, 2015 and July 22, 2015, respectively, the Fifth Circuit dismissed the Barbar and Ranni appeals sua sponte for lack of jurisdiction. The defendants have not yet responded to the complaints in Ranni or Barbar. On April 1, 2015, the defendants except Willis Group Holdings plc filed motions to dismiss the complaints in Zacarias, Tisminesky and de Gadala-Maria. On June 19, 2015, Willis Group Holdings plc filed motions to dismiss the complaints in Zacarias, Tisminesky and de Gadala-Maria for lack of personal jurisdiction. On July 15, 2015, the court dismissed the complaint in Zacarias in its entirety with leave to replead within 21 days. On July 21, 2015, the court dismissed the complaints in Tisminesky and de Gadala-Maria in their entirety with leave to replead within 21 days. On August 6, 2015, the plaintiffs in Zacarias, Tisminesky and de Gadala-Maria filed amended complaints (in which, among other things, Willis Group Holdings plc was no longer named as a defendant). On September 11, 2015, the defendants filed motions to dismiss the amended complaints. The motions await disposition by the court.
On November 15, 2013, plaintiffs in Janvey filed the operative First Amended Complaint, which added certain defendants unaffiliated with Willis. On February 28, 2014, the defendants filed motions to dismiss the First Amended Complaint, which motions, other than with respect to Willis Group Holding plc’s motion to dismiss for lack of personal jurisdiction, were granted in part and denied in part by the court on December 5, 2014. On December 22, 2014, Willis filed a motion to amend the court’s December 5 order to certify an interlocutory appeal to the Fifth Circuit, and, on December 23, 2014, Willis filed a motion to amend and, to the extent necessary, reconsider the court’s December 5 order. On January 16, 2015, the defendants answered the First Amended Complaint. On January 28, 2015, the court denied Willis’s motion to amend the court’s December 5 order to certify an interlocutory appeal to the Fifth Circuit. On February 4, 2015, the court granted Willis’s motion to amend and, to the extent necessary, reconsider the December 5 order. As discussed above, on March 25, 2014, the parties in Troice and Janvey stipulated to the consolidation of the two actions for pre-trial purposes under Rule 42(a) of the Federal Rules of Civil Procedure. On March 28, 2014, the Court ‘so ordered’ that stipulation and, thus, consolidated Troice and Janvey for pre-trial purposes under Rule 42(a). On January 26, 2015, the court entered an order setting a schedule for briefing and discovery regarding the plaintiffs’ motion for class certification, which schedule, among other things, provided for the submission of the plaintiffs’ motion for class certification (following the completion of briefing and discovery) on July 20, 2015. By letter dated March 4, 2015, the parties requested that the court consolidate the scheduling orders entered in Troice and Janvey to provide for a class certification submission date of April 20, 2015 in both cases. On March 6, 2015, the court entered an order consolidating the scheduling orders in Troice and Janvey, providing for a class certification submission date of April 20, 2015 in both cases, and vacating the July 20, 2015 class certification submission date in the original Janvey scheduling order. On November 17, 2015, Willis Group Holdings plc withdrew its motion to dismiss for lack of personal jurisdiction. On March 31, 2016, the parties in the Troice and Janvey actions entered into a settlement in principle that is described in more detail below.
The plaintiffs in Janvey and Troice and the other actions above seek overlapping damages, representing either the entirety or a portion of the total alleged collective losses incurred by investors in Stanford certificates of deposit, notwithstanding the fact that Legacy Willis acted as broker of record for only a portion of time that Stanford issued certificates of deposit. In the fourth quarter of 2015, the Company recognized a $70 million litigation provision for loss contingencies relating to the Stanford matters based on its ongoing review of a variety of factors as required by accounting standards. On March 31, 2016, the Company entered into a settlement in principle for $120 million relating to this litigation, and we have therefore increased our provisions by $50 million. Further details on this settlement in principle are given below. The settlement is contingent on a number of conditions, including court approval of the settlement and a bar order prohibiting any continued or future litigation against Willis related to Stanford, which may not be given. Therefore, the ultimate resolution of these matters may differ from the amount provided for. The Company continues to dispute the allegations and, to the extent litigation proceeds, to defend the lawsuits vigorously. Settlement. On March 31, 2016, the Company entered into a settlement in principle, as reflected in a Settlement Term Sheet, relating to the Stanford litigation matter. The Company agreed to the Settlement Term Sheet to eliminate the distraction, burden, expense and uncertainty of further litigation. In particular, if the settlement and the related bar orders described below are approved by the Court and become effective, the Company (a newly-combined firm) would be able to conduct itself with the bar orders’ protection from the continued overhang of matters alleged to have occurred approximately a decade ago. Further, the Settlement Term Sheet provided that the parties understood and agreed that there is no admission of liability or wrongdoing by the Company. The Company expressly denies any liability or wrongdoing with respect to the matters alleged in the Stanford litigation. On or about August 31, 2016, the parties to the settlement signed a formal Settlement Agreement memorializing the terms of the settlement as originally set forth in the Settlement Term Sheet. The parties to the Settlement Agreement are Ralph S. Janvey (in his capacity as the Court-appointed receiver (the ‘Receiver’) for The Stanford Financial Group and its affiliated entities in receivership (collectively, ‘Stanford’)), the Official Stanford Investors Committee, Samuel Troice, Martha Diaz, Paula Gilly-Flores, Punga Punga Financial, Ltd., Manuel Canabal, Daniel Gomez Ferreiro and Promotora Villa Marina, C.A. (collectively, ‘Plaintiffs’), on the one hand, and Willis Towers Watson Public Limited Company (formerly Willis Group Holdings Public Limited Company), Willis Limited, Willis North America Inc., Willis of Colorado, Inc. and the Willis associate referenced above (collectively, ‘Defendants’), on the other hand. Under the terms of the Settlement Agreement, the parties agreed to settle and dismiss the Janvey and Troice actions (collectively, the ‘Actions’) and all current or future claims arising from or related to Stanford. If the settlement, including the bar orders described below, is approved by the Court and is not subject to further appeal, Willis North America Inc. will make a one-time cash payment of $120 million to the Receiver to be distributed to all Stanford investors who have claims recognized by the Receiver pursuant to the distribution plan in place at the time the payment is made. The Settlement Agreement also provides the parties’ agreement to seek the Court’s entry of bar orders prohibiting any continued or future litigation against the Defendants and their related parties of claims relating to Stanford, whether asserted to date or not. The terms of the bar orders therefore would prohibit all Stanford-related litigation described above, and not just the Actions, but including any pending matters and any actions that may be brought in the future. Final Court approval of these bar orders is a condition of the settlement. On September 7, 2016, Plaintiffs filed with the Court a motion to approve the settlement. On October 19, 2016, the Court preliminarily approved the settlement. Several of the plaintiffs in the other actions above have objected to the settlement. A hearing to consider final approval of the settlement was held on January 20, 2017, and the Court reserved decision. The Actions are stayed pending final approval of the settlement. The timing of any final decision is subject to the discretion of the Court and any appeal, and the Court may decide not to approve the settlement. City of Houston On August 1, 2014, the City of Houston (‘plaintiff’) filed suit against Legacy Towers Watson in the United States District Court for the Southern District of Texas, Houston Division. On March 8, 2016, plaintiff filed its First Amended Complaint. In the amended complaint, plaintiff alleges various deficiencies in pension actuarial work-product and advice stated to have been provided by Legacy Towers Watson’s predecessor firm, Towers Perrin, in its capacity as principal actuary to the Houston Firefighters’ Relief and Retirement Fund (the ‘Fund’). Towers Perrin is stated to have acted in this capacity between “the early 1980s until 2003.” In particular, the amended complaint alleges “misrepresentations and miscalculations” in valuation reports allegedly issued by Towers Perrin from 2000 through 2002 upon which plaintiff claims to have relied. Plaintiff asserts that Towers Perrin assigned a new team of actuaries to the Fund in 2002 “to correct Towers’ own earlier mistakes” and that the new team “altered” certain calculations which “increased the actuarial accrued liability by $163 million.” Plaintiff claims that the reports indicated that the City’s minimum contribution percentages to the Fund would remain in place through at least 2019; and that existing benefits under the Fund could be increased, and new benefits could be added, without increasing plaintiff’s financial burden, and without increasing plaintiff’s rate of annual contributions to the Fund. The amended complaint alleges that plaintiff relied on these reports when supporting a new benefits package for the Fund. These reports, and other advice, are alleged, among other things, to have been negligent, to have misrepresented the present and future financial condition of the Fund and the contributions required to be made by plaintiff to support those benefits. Plaintiff asserts that, but for Towers Perrin’s alleged negligence and misrepresentations, plaintiff would not have supported the benefits increase, and that such increased benefits would not and could not have been approved or enacted. It is further asserted that Towers Perrin’s alleged “negligence and misrepresentations damaged the City to the tune of tens of millions of dollars in annual contributions.” Plaintiff seeks the award of punitive damages, actual damages, exemplary damages, special damages, attorney’s fees and expenses, costs of suit, pre- and post- judgment interest at the maximum legal rate, and other unspecified legal and equitable relief. On May 8, 2017, the Company received the City’s expert’s damages report, which asserted the City has incurred actual damages of approximately $430 million through July 1, 2017, and will incur future damages that have a present value of approximately $400 million as of July 1, 2017 if the Fund pension benefits remain unchanged. The Company plans to serve expert reports in rebuttal with respect to the City’s expert’s assessment of potential damages, on or before June 30, 2017. On October 10, 2014, Legacy Towers Watson filed a motion to dismiss plaintiff’s entire complaint on the basis that the complaint fails to state a claim upon which relief can be granted. On November 21, 2014, the City filed its response in opposition to Legacy Towers Watson’s motion to dismiss. On September 23, 2015, Legacy Towers Watson’s motion to dismiss was denied by the United States District Court for the Southern District of Texas, Houston Division. The court entered a Scheduling Order setting trial for May 30, 2017. On June 20, 2016, the Court entered a Second Amended Scheduling Order setting trial for October 31, 2017. On March 27, 2017, the Court entered a Third Amended Scheduling Order setting trial for January 16, 2018. Given the stage of the proceedings, the Company is currently unable to provide an estimate of the reasonably possible loss or range of loss. The Company disputes the allegations, and intends to defend the lawsuit vigorously. Meriter Health Services On January 6, 2015, Meriter Health Services, Inc. (‘Meriter’), plan sponsor of the Meriter Health Services Employee Retirement Plan (the ‘Plan’) filed a complaint in Wisconsin state court against Towers Watson Delaware Inc. (‘TWDE’), a wholly-owned subsidiary of the Company, and against its former lawyers, individual actuaries, and insurers. In the Third Amended Complaint, served on April 12, 2016, Meriter alleges that Towers, Perrin, Forster & Crosby, Inc. (‘TPFC’) and Davis, Conder, Enderle & Sloan, Inc. (‘DCES’), and other entities and individuals, including Meriter’s former lawyers, acted negligently concerning the benefits consulting advice provided to Meriter; these allegations concern matters including TPFC and the lawyers’ involvement in the Plan design and drafting of the Plan document in 1987 by TPFC, and DCES and the lawyers’ Plan review, Plan redesign, Plan amendment, and drafting of ERISA section 204(h) notices in the early 2000s. Additionally, Meriter asserts that TPFC, DCES, and the individual actuary defendants breached alleged fiduciary duties to advise Meriter regarding the competency of Meriter’s then ERISA counsel. Meriter also has asserted causes of action for contribution, indemnity, and equitable subrogation related to amounts paid to settle a class action lawsuit related to the Plan that was filed by Plan participants against Meriter in 2010, alleging a number of ERISA violations and related claims. Meriter settled that lawsuit in 2015 for $82 million. Meriter seeks damages in the amount of approximately $135 million which includes amounts it claims to have paid to settle and defend the class action litigation, and amounts it claims to have incurred as a result of improper plan design. Meriter seeks to recover these alleged damages from TWDE and the other defendants. On January 12, 2016, TWDE and the other defendants filed a motion for partial summary judgment seeking dismissal of Meriter’s negligence and breach of fiduciary duty claims. On April 18, 2016, TWDE and the other defendants filed a motion to dismiss the contribution, indemnification, and equitable subrogation claims. On May 4, 2016, the parties appeared for oral argument on the motion for partial summary judgment, which the court granted in part and denied in part. The court dismissed the fiduciary duty claims, but not the negligence claims. Meriter subsequently moved for reconsideration of the dismissal of its breach of fiduciary duty claims, which motion was denied as to TWDE on August 16, 2016. On June 22, 2016, the court granted in part TWDE’s motion to dismiss, and dismissed the contribution and equitable subrogation claims, but denied the motion as to Meriter’s indemnification claim without prejudice to the right of any defendant to raise the issue again by later motion. On February 28, 2017, TWDE and the other defendants filed a motion to amend the scheduling order. The motion was granted on March 9, 2017, and the trial is now scheduled to begin on December 11, 2017. Based on all of the information to date, and given the stage of the matter, TWDE is currently unable to provide an estimate of the reasonably possible loss or range of loss in excess of amounts currently accrued. TWDE disputes the allegations, and intends to defend the matter vigorously. Elma Sanchez, et. al On August 6, 2013, three individual plaintiffs filed a putative class action suit against the California Public Employees’ Retirement System (‘CalPERS’) in Los Angeles County Superior Court. On January 10, 2014, plaintiffs filed an amended complaint, which added as defendants several members of CalPERS’ Board of Administration and three Legacy Towers Watson entities, Towers Watson & Co., Towers Perrin, and Tillinghast-Towers Perrin (‘Towers Perrin’). Plaintiffs’ claims all relate to a self-funded, non-profit Long Term Care Program that CalPERS established in 1995 (the ‘LTC Program’). Plaintiffs’ claims seek unspecified damages allegedly resulting from CalPERS’ 2012 decision to implement in 2015 and 2016 an 85 percent increase in the premium rates of certain of the long term care policies it issued between 1995 and 2004 (the ‘85% Increase’). The amended complaint alleges claims against CalPERS for breach of contract and breach of fiduciary duty. It also includes a single cause of action against Towers Perrin for professional negligence relating to actuarial services Towers Perrin provided to CalPERS relating to the LTC Program between 1995 and 2004. Plaintiffs principally allege that CalPERS mismanaged the LTC Program and its investment assets in multiple respects and breached its contractual and fiduciary duties to plaintiffs and other class members by impermissibly imposing the 85% Increase to make up for investment losses. Plaintiffs also allege that Towers Perrin recommended inadequate initial premium rates at the outset of the LTC Program and used unspecified inappropriate assumptions in its annual valuations for CalPERS. Plaintiffs claim that Towers Perrin’s allegedly negligent acts and omissions, prior to the end of its retainer in 2004, contributed to the need for the 85% Increase. In May 2014, the court denied the motions to dismiss filed by CalPERS and Towers Perrin addressed to the sufficiency of the complaint. On January 28, 2016, the court granted plaintiffs’ motion for class certification. The certified class as currently defined includes those long term care policy holders whose policies were “subject to” the 85% Increase. The court thereafter set an October 2, 2017 trial date. In May 2016, the case was reassigned to a different judge. The court agreed that Towers Perrin may file a motion for summary judgment which was initially scheduled to be heard on February 3, 2017. The motion was then fully briefed, and the hearing date was thereafter moved to March 8, 2017. On March 1, 2017, Towers Perrin and Plaintiffs participated in a mediation and reached a settlement in principle. Pursuant to the settlement in principle, in exchange for a dismissal of the claims of all class members and a release of Towers Perrin by all class members, Towers Perrin would pay a total of $9.75 million into an interest-bearing settlement fund, to be used to reimburse class counsel's costs, and for later distribution to class members as approved by the court when the case is fully resolved. The settlement in principle is currently being documented, and its effectiveness is conditioned on the parties obtaining court approval after notice to all class members. The settlement in principle is also subject to the court's separate good faith settlement determination. Based on the stage of the proceedings, in the event the settlement in principle is not approved, the Company is unable to provide an estimate of the reasonably possible loss or range of loss in respect of the plaintiffs’ complaint in excess of the proposed settlement. U.K. Regulatory Investigation On April 4, 2017, the Financial Conduct Authority (‘FCA’) informed Willis Limited, our U.K. brokerage subsidiary, that it has opened a formal investigation into possible agreements/concerted practices in the aviation broking sector, which represents less than $100 million of the Company’s revenues. The Company is cooperating with the FCA. Given the status of the investigation, the Company is currently unable to assess the terms on which this investigation will be resolved, and thus is unable to provide an estimate of the reasonably possible loss or range of loss. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Supplementary Information for Certain Balance Sheet Accounts |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Supplementary Information for Certain Balance Sheet Accounts | Supplementary Information for Certain Balance Sheet Accounts Additional details of specific balance sheet accounts are detailed below. Accounts receivable, net consists of the following:
Other current liabilities consist of the following:
Provision for liabilities consists of the following:
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. No definition available.
|
Accumulated Other Comprehensive Income/(Loss) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income/(Loss) | Accumulated Other Comprehensive Income/(Loss) Changes in accumulated other comprehensive income/(loss), net of noncontrolling interests, and net of tax are provided in the following table. The difference between the amounts presented in this table and the amounts presented in the condensed consolidated statements of comprehensive income are the corresponding components attributable to noncontrolling interests, which are not material for further disclosure. Amounts related to available-for-sale securities are immaterial.
________________________
|
X | ||||||||||
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
Earnings Per Share |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share | Earnings Per Share Basic and diluted earnings per share are calculated by dividing net income attributable to Willis Towers Watson by the average number of ordinary shares outstanding during each period. The computation of diluted earnings per share reflects the potential dilution that could occur if dilutive securities and other contracts to issue shares were exercised or converted into shares or resulted in the issuance of shares that then shared in the net income of the Company. At March 31, 2017 and 2016, there were 1.0 million and 1.5 million time-based share options; 1.1 million and 1.3 million performance-based options; 0.5 million and 1.2 million restricted time-based stock units; and 0.6 million and 0.7 million restricted performance-based stock units outstanding, respectively. Basic and diluted earnings per share are as follows:
Options to purchase 0.1 million shares and 0.7 million shares, for the three months ended March 31, 2017 and 2016, respectively, were not included in the computation of the dilutive effect of stock options because their effects were anti-dilutive. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Financial Information for Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Information for Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries | Financial Information for Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries Willis North America Inc. (‘Willis North America’) had $148 million of senior notes outstanding that were issued on July 1, 2005 and subsequently repaid on July 1, 2015, had $394 million of senior notes issued on March 28, 2007 and subsequently repaid on March 28, 2017, and had $187 million of senior notes issued on September 29, 2009. All direct obligations under the senior notes are jointly and severally, irrevocably and fully and unconditionally guaranteed by Willis Netherlands Holdings B.V., Willis Investment U.K. Holdings Limited, TA I Limited, Trinity Acquisition plc, Willis Group Limited, Willis Towers Watson Sub Holdings Unlimited Company and WTW Bermuda Holdings Ltd., collectively the ‘Other Guarantors’, and with Willis Towers Watson, the ‘Guarantor Companies’. The debt securities that were issued by Willis North America and guaranteed by the entities described above, and for which the disclosures set forth below relate and are required under applicable SEC rules, were issued under an effective registration statement. Presented below is condensed consolidating financial information for:
The equity method has been used for investments in subsidiaries in the condensed consolidating balance sheets of Willis Towers Watson, the Other Guarantors and the Issuer. Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Financial Information for Parent Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries On March 17, 2011, the Company issued senior notes totaling $800 million in a registered public offering. On March 15, 2016, $300 million of these senior notes was repaid, leaving $500 million outstanding. These debt securities were issued by Willis Towers Watson (‘WTW Debt Securities’) and are guaranteed by certain of the Company’s subsidiaries. Therefore, the Company is providing the condensed consolidating financial information below. The following wholly owned subsidiaries (directly or indirectly) fully and unconditionally guarantee the WTW Debt Securities on a joint and several basis: Willis Netherlands Holdings B.V., Willis Investment U.K. Holdings Limited, TA I Limited, Trinity Acquisition plc, Willis Group Limited, Willis North America Inc., Willis Towers Watson Sub Holdings Unlimited Company and WTW Bermuda Holdings Ltd. (the ‘Guarantors’). The guarantor structure described above differs from the guarantor structure associated with the senior notes issued by Willis North America (the ‘Willis North America Debt Securities’) (and for which condensed consolidating financial information is presented in Note 16) in that Willis Towers Watson is the Parent Issuer and Willis North America is a subsidiary guarantor. Presented below is condensed consolidating financial information for:
The equity method has been used for investments in subsidiaries in the condensed consolidating balance sheets of Willis Towers Watson and the Guarantors. Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Financial Information for Issuer, Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries Trinity Acquisition plc has $2.1 billion senior notes outstanding of which $525 million were issued on August 15, 2013, $1.0 billion were issued on March 22, 2016, €540 million ($609 million) were issued on May 26, 2016, and $1.1 billion outstanding under the $1.25 billion revolving credit facility issued March 7, 2017. All direct obligations under the senior notes are jointly and severally, irrevocably and fully and unconditionally guaranteed by Willis Netherlands Holdings B.V., Willis Investment U.K. Holdings Limited, TA I Limited, Willis Group Limited, Willis North America Inc., Willis Towers Watson Sub Holdings Unlimited Company and WTW Bermuda Holdings Ltd., collectively the ‘Other Guarantors’, and with Willis Towers Watson, the ‘Guarantor Companies’. The guarantor structure described above differs from the guarantor structure associated with the Willis North America Debt Securities (and for which condensed consolidating financial information is presented in Note 16) in that Trinity Acquisition plc is the issuer and not a subsidiary guarantor, and Willis North America Inc. is a subsidiary guarantor. Presented below is condensed consolidating financial information for:
The equity method has been used for investments in subsidiaries in the condensed consolidating balance sheets of Willis Towers Watson, the Other Guarantors and the Issuer. Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Financial Information for Parent Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Information for Parent Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries | Financial Information for Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries Willis North America Inc. (‘Willis North America’) had $148 million of senior notes outstanding that were issued on July 1, 2005 and subsequently repaid on July 1, 2015, had $394 million of senior notes issued on March 28, 2007 and subsequently repaid on March 28, 2017, and had $187 million of senior notes issued on September 29, 2009. All direct obligations under the senior notes are jointly and severally, irrevocably and fully and unconditionally guaranteed by Willis Netherlands Holdings B.V., Willis Investment U.K. Holdings Limited, TA I Limited, Trinity Acquisition plc, Willis Group Limited, Willis Towers Watson Sub Holdings Unlimited Company and WTW Bermuda Holdings Ltd., collectively the ‘Other Guarantors’, and with Willis Towers Watson, the ‘Guarantor Companies’. The debt securities that were issued by Willis North America and guaranteed by the entities described above, and for which the disclosures set forth below relate and are required under applicable SEC rules, were issued under an effective registration statement. Presented below is condensed consolidating financial information for:
The equity method has been used for investments in subsidiaries in the condensed consolidating balance sheets of Willis Towers Watson, the Other Guarantors and the Issuer. Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Financial Information for Parent Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries On March 17, 2011, the Company issued senior notes totaling $800 million in a registered public offering. On March 15, 2016, $300 million of these senior notes was repaid, leaving $500 million outstanding. These debt securities were issued by Willis Towers Watson (‘WTW Debt Securities’) and are guaranteed by certain of the Company’s subsidiaries. Therefore, the Company is providing the condensed consolidating financial information below. The following wholly owned subsidiaries (directly or indirectly) fully and unconditionally guarantee the WTW Debt Securities on a joint and several basis: Willis Netherlands Holdings B.V., Willis Investment U.K. Holdings Limited, TA I Limited, Trinity Acquisition plc, Willis Group Limited, Willis North America Inc., Willis Towers Watson Sub Holdings Unlimited Company and WTW Bermuda Holdings Ltd. (the ‘Guarantors’). The guarantor structure described above differs from the guarantor structure associated with the senior notes issued by Willis North America (the ‘Willis North America Debt Securities’) (and for which condensed consolidating financial information is presented in Note 16) in that Willis Towers Watson is the Parent Issuer and Willis North America is a subsidiary guarantor. Presented below is condensed consolidating financial information for:
The equity method has been used for investments in subsidiaries in the condensed consolidating balance sheets of Willis Towers Watson and the Guarantors. Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Financial Information for Issuer, Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries Trinity Acquisition plc has $2.1 billion senior notes outstanding of which $525 million were issued on August 15, 2013, $1.0 billion were issued on March 22, 2016, €540 million ($609 million) were issued on May 26, 2016, and $1.1 billion outstanding under the $1.25 billion revolving credit facility issued March 7, 2017. All direct obligations under the senior notes are jointly and severally, irrevocably and fully and unconditionally guaranteed by Willis Netherlands Holdings B.V., Willis Investment U.K. Holdings Limited, TA I Limited, Willis Group Limited, Willis North America Inc., Willis Towers Watson Sub Holdings Unlimited Company and WTW Bermuda Holdings Ltd., collectively the ‘Other Guarantors’, and with Willis Towers Watson, the ‘Guarantor Companies’. The guarantor structure described above differs from the guarantor structure associated with the Willis North America Debt Securities (and for which condensed consolidating financial information is presented in Note 16) in that Trinity Acquisition plc is the issuer and not a subsidiary guarantor, and Willis North America Inc. is a subsidiary guarantor. Presented below is condensed consolidating financial information for:
The equity method has been used for investments in subsidiaries in the condensed consolidating balance sheets of Willis Towers Watson, the Other Guarantors and the Issuer. Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Financial Information for Issuer, Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Information for Issuer, Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries | Financial Information for Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries Willis North America Inc. (‘Willis North America’) had $148 million of senior notes outstanding that were issued on July 1, 2005 and subsequently repaid on July 1, 2015, had $394 million of senior notes issued on March 28, 2007 and subsequently repaid on March 28, 2017, and had $187 million of senior notes issued on September 29, 2009. All direct obligations under the senior notes are jointly and severally, irrevocably and fully and unconditionally guaranteed by Willis Netherlands Holdings B.V., Willis Investment U.K. Holdings Limited, TA I Limited, Trinity Acquisition plc, Willis Group Limited, Willis Towers Watson Sub Holdings Unlimited Company and WTW Bermuda Holdings Ltd., collectively the ‘Other Guarantors’, and with Willis Towers Watson, the ‘Guarantor Companies’. The debt securities that were issued by Willis North America and guaranteed by the entities described above, and for which the disclosures set forth below relate and are required under applicable SEC rules, were issued under an effective registration statement. Presented below is condensed consolidating financial information for:
The equity method has been used for investments in subsidiaries in the condensed consolidating balance sheets of Willis Towers Watson, the Other Guarantors and the Issuer. Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Financial Information for Parent Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries On March 17, 2011, the Company issued senior notes totaling $800 million in a registered public offering. On March 15, 2016, $300 million of these senior notes was repaid, leaving $500 million outstanding. These debt securities were issued by Willis Towers Watson (‘WTW Debt Securities’) and are guaranteed by certain of the Company’s subsidiaries. Therefore, the Company is providing the condensed consolidating financial information below. The following wholly owned subsidiaries (directly or indirectly) fully and unconditionally guarantee the WTW Debt Securities on a joint and several basis: Willis Netherlands Holdings B.V., Willis Investment U.K. Holdings Limited, TA I Limited, Trinity Acquisition plc, Willis Group Limited, Willis North America Inc., Willis Towers Watson Sub Holdings Unlimited Company and WTW Bermuda Holdings Ltd. (the ‘Guarantors’). The guarantor structure described above differs from the guarantor structure associated with the senior notes issued by Willis North America (the ‘Willis North America Debt Securities’) (and for which condensed consolidating financial information is presented in Note 16) in that Willis Towers Watson is the Parent Issuer and Willis North America is a subsidiary guarantor. Presented below is condensed consolidating financial information for:
The equity method has been used for investments in subsidiaries in the condensed consolidating balance sheets of Willis Towers Watson and the Guarantors. Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Financial Information for Issuer, Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries Trinity Acquisition plc has $2.1 billion senior notes outstanding of which $525 million were issued on August 15, 2013, $1.0 billion were issued on March 22, 2016, €540 million ($609 million) were issued on May 26, 2016, and $1.1 billion outstanding under the $1.25 billion revolving credit facility issued March 7, 2017. All direct obligations under the senior notes are jointly and severally, irrevocably and fully and unconditionally guaranteed by Willis Netherlands Holdings B.V., Willis Investment U.K. Holdings Limited, TA I Limited, Willis Group Limited, Willis North America Inc., Willis Towers Watson Sub Holdings Unlimited Company and WTW Bermuda Holdings Ltd., collectively the ‘Other Guarantors’, and with Willis Towers Watson, the ‘Guarantor Companies’. The guarantor structure described above differs from the guarantor structure associated with the Willis North America Debt Securities (and for which condensed consolidating financial information is presented in Note 16) in that Trinity Acquisition plc is the issuer and not a subsidiary guarantor, and Willis North America Inc. is a subsidiary guarantor. Presented below is condensed consolidating financial information for:
The equity method has been used for investments in subsidiaries in the condensed consolidating balance sheets of Willis Towers Watson, the Other Guarantors and the Issuer. Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Basis of Presentation and Recent Accounting Policies (Policies) |
3 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||
Accounting Policies [Abstract] | |||||||||||||
Basis of Presentation | The accompanying unaudited quarterly condensed consolidated financial statements of Willis Towers Watson and our subsidiaries are presented in accordance with the rules and regulations of the Securities and Exchange Commission (‘SEC’) for quarterly reports on Form 10-Q and therefore do not include all of the information and footnotes required by U.S. generally accepted accounting principles (‘GAAP’). We have reclassified certain prior period amounts to conform to current period presentation due to the adoption of certain updated accounting standards (see below for further discussion). In the opinion of management, these condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation of the condensed consolidated financial statements and results for the interim periods. All intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated financial statements should be read together with the Company’s Annual Report on Form 10-K filed with the SEC on March 1, 2017, and may be accessed via EDGAR on the SEC’s web site at www.sec.gov. The results of operations for the three months ended March 31, 2017 are not necessarily indicative of the results that can be expected for the entire year. The results reflect certain estimates and assumptions made by management, including those estimates used in calculating acquisition consideration and fair value of tangible and intangible assets and liabilities, professional liability claims, estimated bonuses, valuation of billed and unbilled receivables, and anticipated tax liabilities that affect the amounts reported in the condensed consolidated financial statements and related notes. |
||||||||||||
Recent Accounting Pronouncements | Recent Accounting Pronouncements Not yet adopted In May 2014, the Financial Accounting Standards Board (‘FASB’) issued Accounting Standard Update (‘ASU’) No. 2014-09, Revenue From Contracts With Customers. The new standard supersedes most current revenue recognition guidance and eliminates industry-specific guidance. The ASU is based on the principle that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the new standard. Additional ASUs have since been issued which provide additional guidance, examples and technical corrections for the implementation of ASU No. 2014-09. The guidance is effective for the Company at the beginning of its 2018 fiscal year, with early adoption permitted. While we are still in the process of analyzing our various revenue streams to determine the full impact this standard will have on our revenue recognition, cost deferral, systems and processes, the Company has determined the following:
The Company continues to update its assessment of the impacts of the accounting standard, and related updates, to its condensed consolidated financial statements, and will note material impacts when known. In February 2016, the FASB issued ASU No. 2016-02, Leases, which requires a lessee to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The ASU becomes effective for the Company at the beginning of its 2019 fiscal year and early adoption is permitted. In transition, the Company is required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach, which includes a number of optional practical expedients. While the Company continues to assess the impact of the ASU to its condensed consolidated financial statements, the majority of its leases are currently considered operating leases and will be capitalized as a lease asset on its balance sheet with a related lease liability for the obligated lease payments. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments, which amends guidance on presentation and classification of eight specific cash flow issues with the objective of reducing diversity in practice. The ASU becomes effective for the Company on January 1, 2018. Early adoption is permitted and any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The Company is still assessing the impact of this ASU, but we believe the impact on our financial statements will be immaterial as we are currently largely in compliance with its requirements. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment, which simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, current U.S. GAAP requires the performance of procedures to determine the fair value at the impairment testing date of assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, the amendments under this ASU require the goodwill impairment test to be performed by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The ASU becomes effective for the Company on January 1, 2020. The amendments in this ASU should be applied on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect an immediate impact to its condensed consolidated financial statements upon adopting this ASU since the most recent Step 1 goodwill impairment test resulted in fair values in excess of carrying values for all reporting units at October 1, 2016. In March 2017, the FASB issued ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which requires entities to (1) disaggregate the current service-cost component from the other components of net benefit cost (the ‘other components’) and present it in the income statement with other current compensation costs for related employees and (2) present the other components elsewhere in the income statement and outside of income from operations if that subtotal is presented. In addition, the ASU requires entities to disclose the income statement lines that contain the other components if they are not presented or included in appropriately described separate lines. The ASU becomes effective for the Company on January 1, 2018, and should be applied retrospectively. Early adoption is permitted as of the beginning of a financial year. The Company is currently assessing the impact that this standard will have on its condensed consolidated financial statements. Adopted In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation, which simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The ASU became effective for the Company on January 1, 2017. In accordance with the prospective adoption of the recognition of excess tax benefits and deficiencies in the condensed consolidated statements of comprehensive income, we recognized a $1 million tax benefit in provision for income taxes during the three months ended March 31, 2017. In addition, we elected to prospectively adopt the amendment to present excess tax benefits on share-based compensation as an operating activity, resulting in the recognition of a $1 million excess tax benefit as an operating activity in the condensed consolidated statement of cash flows for the three months ended March 31, 2017. We elected to continue to estimate expected forfeitures. We also retrospectively adopted the amendment to present cash payments to tax authorities in connection with shares withheld to meet statutory tax withholding requirements as a financing activity. As a result, this $1 million use of cash was reclassified from net cash from operating activities to net cash used in financing activities in the condensed consolidated statement of cash flows for the three months ended March 31, 2016. In October 2016, the FASB issued ASU No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory, which amends guidance regarding the recognition of current and deferred income taxes for intra-entity asset transfers. Current U.S. GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. The ASU states that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The amendments in this ASU should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company elected to early adopt this standard on January 1, 2017, and recorded a cumulative reduction to retained earnings of $3 million. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
|
X | ||||||||||
- Definition Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
|
Merger (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Combinations [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preliminary Calculation of Aggregate Merger Consideration | The table below presents the final calculation of aggregate Merger consideration.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Fair Values of the Identifiable Assets Acquired and Liabilities Assumed | A summary of the fair values of the identifiable assets acquired, and liabilities assumed, of Towers Watson at January 4, 2016 are summarized in the following table.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Acquired Intangible Assets | The acquired intangible assets are attributable to the following categories:
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Segment Information (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue (Net of Reimbursable Expenses) of the Reported Segments | The following table presents segment commissions and fees, segment interest and other income, segment revenues, and segment operating income for our reportable segments for the three months ended March 31, 2017 and 2016, respectively.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Operating Income of the Reported Segments | The following table presents a reconciliation of the information reported by segment to the Company’s consolidated amounts reported for the three months ended March 31, 2017 and 2016, respectively:
________________________
|
X | ||||||||||
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
Restructuring Costs (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Analysis of the Cost for Restructuring | An analysis of the total cumulative restructuring costs recognized for the Operational Improvement Program from commencement to March 31, 2017 by segment is as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring Liability | At March 31, 2017, the Company’s liability under the Operational Improvement Program was as follows:
At March 31, 2017, the Company’s liability under the Business Restructure Program was as follows:
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Goodwill and Other Intangible Assets (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Goodwill | The components of goodwill are outlined below for the three months ended March 31, 2017:
____________________
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Changes in the Net Carrying Amount of the Components of Finite-Lived Intangible Assets | The following table reflects changes in the net carrying amounts of the components of finite-lived intangible assets for the three months ended March 31, 2017:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Carrying Values of Finite-Lived Intangible Assets and Liabilities | The following table reflects the carrying value of finite-lived intangible assets and liabilities as of March 31, 2017 and December 31, 2016:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Future Amortization Expense and Rent Offset | The table below reflects the future estimated amortization expense for amortizable intangible assets and the rent offset resulting from amortization of the net lease intangible assets and liabilities for the remainder of 2017 and for subsequent years:
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Schedule of Finite-Lived Intangible Assets and Liabilities, Future Amortization Expense No definition available.
|
X | ||||||||||
- Definition Schedule of Finite-Lived Intangible Assets and Liabilities [Table Text Block] No definition available.
|
Debt (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Debt | Short-term debt and current portion of long-term debt consists of the following:
Long-term debt consists of the following:
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. No definition available.
|
Fair Value Measurements (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables present our assets and liabilities measured at fair value on a recurring basis at March 31, 2017 and December 31, 2016:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Change in Fair Value of Level 3 Liabilities | The following table summarizes the change in fair value of the Level 3 liabilities:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Liabilities Whose Carrying Values Differ From the Fair Value and are Not Measured on a Recurring Basis | The following presents our liabilities not measured at fair value on a recurring basis at March 31, 2017 and December 31, 2016:
|
X | ||||||||||
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Retirement Benefits (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Periodic Benefit Cost | The following table sets forth the components of net periodic benefit cost for the Company’s defined benefit pension and PRW plans for the three months ended March 31, 2017 and 2016, respectively:
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Supplementary Information for Certain Balance Sheet Accounts (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accounts Receivable, Net | Accounts receivable, net consists of the following:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Other Current Liabilities | Other current liabilities consist of the following:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Analysis of Movements on Provisions for Liabilities | Provision for liabilities consists of the following:
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of other current liabilities. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Analysis of movements on provisions for liabilities. No definition available.
|
Accumulated Other Comprehensive Income/(Loss) (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) |
________________________
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Earnings Per Share (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Basic and Diluted Earnings Per Share | Basic and diluted earnings per share are as follows:
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Financial Information for Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Statement of Income | Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Statement of Comprehensive Income | Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Balance Sheet | Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Statement of Cash Flows | Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. No definition available.
|
Financial Information for Parent Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Statement of Income | Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Statement of Comprehensive Income | Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Balance Sheet | Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Statement of Cash Flows | Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. No definition available.
|
Financial Information for Issuer, Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Statement of Income | Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Statement of Comprehensive Income | Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
Unaudited Condensed Consolidating Statement of Comprehensive Income
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Balance Sheet | Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
Unaudited Condensed Consolidating Balance Sheet
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unaudited Condensed Consolidated Statement of Cash Flows | Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
Unaudited Condensed Consolidating Statement of Cash Flows
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. No definition available.
|
Nature of Operations (Details) employee in Thousands |
Mar. 31, 2017
employee
Country
|
---|---|
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Number of employees employed (more than 41,000) | employee | 41 |
Number of countries in which entity operates (more than 140) | Country | 140 |
X | ||||||||||
- Definition Number of persons employed by the Entity No definition available.
|
X | ||||||||||
- Definition The number of countries in which the entity operates as of balance sheet date. No definition available.
|
X | ||||||||||
- References No definition available.
|
Basis of Presentation and Recent Accounting Policies (Details) - USD ($) $ in Millions |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
Dec. 31, 2016 |
|
Deferred Revenue Arrangement [Line Items] | |||
Excess tax benefit, amount | $ 1 | ||
Net cash from operating activities | 95 | $ 119 | |
Net cash from financing activities | 14 | (116) | |
Accounting Standards Update 2016-09 | |||
Deferred Revenue Arrangement [Line Items] | |||
Net cash from operating activities | (1) | ||
Net cash from financing activities | $ 1 | ||
Accounting Standards Update 2016-16 | |||
Deferred Revenue Arrangement [Line Items] | |||
Cumulative-effect adjustment of new ASU adoption | $ 3 | ||
Accounting Standards Update 2016-16 | Retained earnings | |||
Deferred Revenue Arrangement [Line Items] | |||
Cumulative-effect adjustment of new ASU adoption | $ 3 | ||
Accounting Standards Update 2019-09, Excess Tax Benefit Component | |||
Deferred Revenue Arrangement [Line Items] | |||
Net cash from operating activities | $ 1 | ||
Minimum | |||
Deferred Revenue Arrangement [Line Items] | |||
Deferred costs, amortization period | 3 years | ||
Maximum | |||
Deferred Revenue Arrangement [Line Items] | |||
Deferred costs, amortization period | 5 years |
X | ||||||||||
- Definition Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Deferred Costs, Amortization Period No definition available.
|
X | ||||||||||
- Definition Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Amount No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Merger - Narrative (Details) $ / shares in Units, $ in Millions |
3 Months Ended | |||||
---|---|---|---|---|---|---|
Jan. 05, 2016 |
Jan. 04, 2016
USD ($)
$ / shares
shares
|
Dec. 29, 2015
USD ($)
$ / shares
shares
|
Mar. 31, 2016
USD ($)
|
Mar. 31, 2017
USD ($)
$ / shares
shares
|
Dec. 31, 2016
$ / shares
shares
|
|
Business Acquisition [Line Items] | ||||||
Stock split ratio | 0.3775 | |||||
Value of equity awards assumed | $ 37 | |||||
Towers Watson | ||||||
Business Acquisition [Line Items] | ||||||
Dividends paid per share (usd per share) | $ / shares | $ 10 | |||||
Dividends paid | $ 694 | |||||
Common shares outstanding | shares | 69,000,000 | 69,000,000 | ||||
Common shares issued | shares | 69,000,000 | |||||
Towers Watson | ||||||
Business Acquisition [Line Items] | ||||||
Conversion of Towers Watson stock to Willis stock, conversion ratio | 2.6490 | |||||
Value of equity awards assumed | $ 37 | |||||
Towers Watson | Stock options | ||||||
Business Acquisition [Line Items] | ||||||
Number of stock options resulting from conversion to acquirer | shares | 592,486 | |||||
Value of equity awards assumed | $ 7 | |||||
Fair value of outstanding options related to post-acquisition employee service | $ 13 | |||||
Towers Watson | Restricted Stock Units | ||||||
Business Acquisition [Line Items] | ||||||
Number of stock options resulting from conversion to acquirer | shares | 597,307 | |||||
Value of equity awards assumed | $ 30 | |||||
Fair value of outstanding units related to post-acquisition employee service | $ 32 | |||||
Ordinary shares, $0.000304635 nominal value | ||||||
Business Acquisition [Line Items] | ||||||
Ordinary shares, nominal value (usd per share) | $ / shares | $ 0.000304635000 | $ 0.000304635 | $ 0.000304635 | |||
Common shares outstanding | shares | 135,432,801 | 136,296,771 | ||||
Common shares issued | shares | 135,432,801 | 137,075,068 | ||||
Ordinary shares, $0.000304635 nominal value | Towers Watson | ||||||
Business Acquisition [Line Items] | ||||||
Conversion of Towers Watson stock to Willis stock, conversion ratio | 2.6490 | |||||
Ordinary shares, $0.000115 nominal value | Towers Watson | ||||||
Business Acquisition [Line Items] | ||||||
Ordinary shares, nominal value (usd per share) | $ / shares | $ 0.000115 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Intrinsic value of equity-based compensation awards not vested. Excludes stock and unit options. No definition available.
|
X | ||||||||||
- Definition Fair value of options vested. Excludes equity instruments other than options, for example, but not limited to, share units, stock appreciation rights, restricted stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Ratio applied to the conversion of stock split, for example but not limited to, one share converted to two or two shares converted to one. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Adjustments to Additional Paid in Capital, Share-based Compensation, Acquisitions No definition available.
|
X | ||||||||||
- Definition Business Combination, Conversion of Acquiree Common Shares to Acquirer Common Shares, Conversion Ratio No definition available.
|
X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Number of Awards Converted from Acquiree to Acquirer No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Merger - Preliminary Calculation of Aggregate Merger Consideration (Details) $ / shares in Units, shares in Millions, $ in Millions |
3 Months Ended | ||
---|---|---|---|
Jan. 04, 2016
USD ($)
$ / shares
shares
|
Mar. 31, 2016
USD ($)
|
Dec. 29, 2015
shares
|
|
Business Acquisition [Line Items] | |||
Value of equity awards assumed | $ 37 | ||
Towers Watson | |||
Business Acquisition [Line Items] | |||
Number of shares of Towers Watson common stock outstanding as of January 4, 2016 | shares | 69 | 69 | |
Towers Watson | |||
Business Acquisition [Line Items] | |||
Exchange ratio | 2.6490 | ||
Fair value of 184 million Willis ordinary shares | $ 8,686 | ||
Value of equity awards assumed | 37 | ||
Aggregate Merger consideration | $ 8,723 | ||
Towers Watson | Willis Group Holdings | |||
Business Acquisition [Line Items] | |||
Number of Willis Group Holdings shares issued (prior to reverse stock split) | shares | 184 | ||
Willis Group Holdings price per share on January 4, 2016 (usd per share) | $ / shares | $ 47.18 |
X | ||||||||||
- Definition Number of shares of equity interests issued or issuable to acquire entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Price of a single share of a number of saleable stocks paid or offered to be paid in a business combination. No definition available.
|
X | ||||||||||
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Adjustments to Additional Paid in Capital, Share-based Compensation, Acquisitions No definition available.
|
X | ||||||||||
- Definition Business Combination, Conversion of Acquiree Common Shares to Acquirer Common Shares, Conversion Ratio No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Merger - Schedule of Fair Values of the Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions |
Jan. 04, 2016 |
Dec. 29, 2015 |
Mar. 31, 2017 |
Dec. 31, 2016 |
---|---|---|---|---|
Business Acquisition [Line Items] | ||||
Goodwill | $ 10,442 | $ 10,413 | ||
Term loan due 2019 | Term Loan Facility | ||||
Business Acquisition [Line Items] | ||||
Term loan period | 1 year | |||
Towers Watson | ||||
Business Acquisition [Line Items] | ||||
Dividends paid | $ 694 | |||
Towers Watson | Towers Watson Debt, Due on Change of Control | ||||
Business Acquisition [Line Items] | ||||
Long-term debt | $ 400 | |||
Repayments of debt | 400 | |||
Towers Watson | Towers Watson Debt, Due on Change of Control | Term Loan | ||||
Business Acquisition [Line Items] | ||||
Face amount of note | 188 | |||
Towers Watson | Towers Watson Debt, Due on Change of Control | Line of Credit | Revolving Credit Facility | ||||
Business Acquisition [Line Items] | ||||
Maximum borrowing capacity | 212 | |||
Towers Watson | Towers Watson New Term Loan | Term Loan | ||||
Business Acquisition [Line Items] | ||||
Proceeds from issuance of debt | 340 | |||
Towers Watson | ||||
Business Acquisition [Line Items] | ||||
Cash and cash equivalents | 476 | |||
Accounts receivable, net | 825 | |||
Other current assets | 82 | |||
Fixed assets, net | 204 | |||
Goodwill | 6,783 | |||
Intangible assets | 3,991 | |||
Pension benefits assets | 67 | |||
Other non-current assets | 115 | |||
Deferred tax liabilities | (1,151) | |||
Liability for pension benefits | (923) | |||
Other current liabilities | (667) | |||
Other non-current liabilities | (331) | |||
Long term debt, including current portion | (740) | |||
Net assets acquired | 8,731 | |||
Noncontrolling interest acquired | (8) | |||
Preliminary purchase price allocation | 8,723 | |||
Towers Watson | Towers Watson Accounts Payable, Accrued Liabilities, and Deferred Compensation | ||||
Business Acquisition [Line Items] | ||||
Other current liabilities | (348) | |||
Towers Watson | Towers Watson Employee-related Liabilities | ||||
Business Acquisition [Line Items] | ||||
Other current liabilities | (308) | |||
Towers Watson | Towers Watson Other Current Liabilities | ||||
Business Acquisition [Line Items] | ||||
Other current liabilities | (11) | |||
Towers Watson | Towers Watson Acquired Contingent Liabilities | ||||
Business Acquisition [Line Items] | ||||
Other non-current liabilities | $ (242) |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition This element represents the fair value of the noncontrolling interest in the acquiree at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of other assets expected to be realized or consumed before one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of other liabilities due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of identifiable intangible assets recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of long-term debt due after one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of other liabilities due after one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of other assets expected to be realized or consumed after one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount recognized as of the acquisition date for the assets, including goodwill, in excess of (less than) the aggregate liabilities assumed, less the noncontrolling interest in the acquiree. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. No definition available.
|
X | ||||||||||
- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. No definition available.
|
X | ||||||||||
- Definition Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Pension and Postretirement Liabilities No definition available.
|
X | ||||||||||
- Definition Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets, Pension Benefit Assets No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Merger - Schedule of Acquired Intangible Assets (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Jan. 04, 2016 |
Mar. 31, 2017 |
|
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | $ 47 | |
Customer relationships | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | 11 | |
Software - income approach | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | 36 | |
Product | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | 0 | |
Favorable agreements | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | $ 0 | |
Towers Watson | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | $ 3,991 | |
Towers Watson | Customer relationships | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | $ 2,221 | |
Expected life (years) | 15 years | |
Towers Watson | Software - income approach | Income Approach | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | $ 567 | |
Expected life (years) | 6 years 4 months 24 days | |
Towers Watson | Software - income approach | Cost Approach | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | $ 108 | |
Expected life (years) | 4 years 10 months 24 days | |
Towers Watson | Product | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | $ 42 | |
Expected life (years) | 17 years 6 months | |
Towers Watson | IPR&D | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | $ 39 | |
Towers Watson | Trade name | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | $ 1,003 | |
Expected life (years) | 25 years | |
Towers Watson | Favorable agreements | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets acquired | $ 11 | |
Expected life (years) | 6 years 6 months |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, from an acquisition. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Segment Information - Narrative (Details) |
3 Months Ended |
---|---|
Mar. 31, 2017
segment
| |
Segment Reporting [Abstract] | |
Number of operating segments | 4 |
Number of reportable segments | 4 |
X | ||||||||||
- Definition Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues. No definition available.
|
X | ||||||||||
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
X | ||||||||||
- References No definition available.
|
Segment Information - Revenue (Net of Reimbursable Expenses) of the Reported Segments (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Segment Reporting Information [Line Items] | ||
Segment commissions and fees | $ 2,303 | $ 2,219 |
Segment interest and other income | 16 | 15 |
Segment operating income | 463 | 326 |
Operating Segments | ||
Segment Reporting Information [Line Items] | ||
Segment commissions and fees | 2,282 | 2,228 |
Segment interest and other income | 14 | 14 |
Segment revenues | 2,296 | 2,242 |
Segment operating income | 731 | 665 |
Operating Segments | HCB | ||
Segment Reporting Information [Line Items] | ||
Segment commissions and fees | 951 | 926 |
Segment interest and other income | 4 | 4 |
Segment revenues | 955 | 930 |
Segment operating income | 349 | 313 |
Operating Segments | CRB | ||
Segment Reporting Information [Line Items] | ||
Segment commissions and fees | 650 | 641 |
Segment interest and other income | 5 | 6 |
Segment revenues | 655 | 647 |
Segment operating income | 122 | 110 |
Operating Segments | IRR | ||
Segment Reporting Information [Line Items] | ||
Segment commissions and fees | 502 | 498 |
Segment interest and other income | 5 | 4 |
Segment revenues | 507 | 502 |
Segment operating income | 222 | 199 |
Operating Segments | ES | ||
Segment Reporting Information [Line Items] | ||
Segment commissions and fees | 179 | 163 |
Segment interest and other income | 0 | 0 |
Segment revenues | 179 | 163 |
Segment operating income | $ 38 | $ 43 |
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition Amount, after sales adjustments, returns, allowances, and discounts, of revenue classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Segment Information - Reconciliation of Information Reported by Segment to Consolidated Amounts (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Revenues: | ||
Fair value adjustment for deferred revenue | $ 0 | $ (32) |
Reimbursable expenses and other | 23 | 24 |
Total revenues | 2,319 | 2,234 |
Total segment operating income | 463 | 326 |
Amortization | (151) | (161) |
Restructuring costs | (27) | (25) |
Merger-related integration expenses | (40) | (52) |
Provision for the Stanford litigation | 0 | (50) |
Other, net | (50) | (19) |
Interest expense | 46 | 46 |
Other expense, net | 20 | 18 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 397 | 262 |
Operating Segments | ||
Revenues: | ||
Total segment revenue | 2,296 | 2,242 |
Total segment operating income | $ 731 | $ 665 |
X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount charged against operating income increasing loss contingency liability, after adjustments to reduce previously estimated charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
|
X | ||||||||||
- Definition Repayment received or receivable for expenses incurred on behalf of a client or customer, other than those reimbursements received by landlords from tenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Business Combination, Integration Related Transaction Costs No definition available.
|
X | ||||||||||
- Definition Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Revenue No definition available.
|
X | ||||||||||
- Details
|
Restructuring Costs - Narrative (Details) |
3 Months Ended | 12 Months Ended | 39 Months Ended | 45 Months Ended | |||
---|---|---|---|---|---|---|---|
Mar. 31, 2017
USD ($)
Position
|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2017
USD ($)
|
|
Restructuring Cost and Reserve [Line Items] | |||||||
Restructuring costs | $ 27,000,000 | $ 25,000,000 | |||||
Operational Improvement Program | |||||||
Restructuring Cost and Reserve [Line Items] | |||||||
Number of support roles moved from higher cost locations to lower cost locations (more than) | Position | 3,500 | ||||||
Restructuring costs | $ 27,000,000 | 25,000,000 | $ 145,000,000 | $ 126,000,000 | $ 36,000,000 | $ 334,000,000 | |
Expected cost | 130,000,000 | $ 130,000,000 | |||||
Operational Improvement Program | Scenario, Forecast | |||||||
Restructuring Cost and Reserve [Line Items] | |||||||
Restructuring costs | $ 440,000,000 | ||||||
Business Restructure Program | |||||||
Restructuring Cost and Reserve [Line Items] | |||||||
Restructuring costs | $ 0 | $ 0 | $ 48,000,000 |
X | ||||||||||
- Definition Amount expected to be recognized in earnings for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Restructuring and Related Cost, Expected Number of Positions Moved No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Restructuring Costs - Analysis of the Cost for Restructuring (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | 39 Months Ended | |||
---|---|---|---|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Mar. 31, 2017 |
|
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | $ 27 | $ 25 | ||||
Operational Improvement Program | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 27 | $ 25 | $ 145 | $ 126 | $ 36 | $ 334 |
Operational Improvement Program | Termination benefits | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 6 | 23 | 36 | 16 | 81 | |
Operational Improvement Program | Professional services and other | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 21 | 122 | 90 | 20 | 253 | |
Operational Improvement Program | Operating Segments | HCB | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 6 | |||||
Operational Improvement Program | Operating Segments | HCB | Termination benefits | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 0 | 1 | 2 | 0 | 3 | |
Operational Improvement Program | Operating Segments | HCB | Professional services and other | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 1 | 1 | 1 | 0 | 3 | |
Operational Improvement Program | Operating Segments | CRB | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 217 | |||||
Operational Improvement Program | Operating Segments | CRB | Termination benefits | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 4 | 18 | 24 | 15 | 61 | |
Operational Improvement Program | Operating Segments | CRB | Professional services and other | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 15 | 81 | 57 | 3 | 156 | |
Operational Improvement Program | Operating Segments | IRR | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 20 | |||||
Operational Improvement Program | Operating Segments | IRR | Termination benefits | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 2 | 3 | 7 | 1 | 13 | |
Operational Improvement Program | Operating Segments | IRR | Professional services and other | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 1 | 4 | 2 | 0 | 7 | |
Operational Improvement Program | Operating Segments | ES | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 0 | |||||
Operational Improvement Program | Operating Segments | ES | Termination benefits | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 0 | 0 | 0 | 0 | 0 | |
Operational Improvement Program | Operating Segments | ES | Professional services and other | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 0 | 0 | 0 | 0 | 0 | |
Operational Improvement Program | Legacy Willis Corporate & Other | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 91 | |||||
Operational Improvement Program | Legacy Willis Corporate & Other | Termination benefits | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | 0 | 1 | 3 | 0 | 4 | |
Operational Improvement Program | Legacy Willis Corporate & Other | Professional services and other | ||||||
Restructuring Cost and Reserve [Line Items] | ||||||
Restructuring costs | $ 4 | $ 36 | $ 30 | $ 17 | $ 87 |
X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Restructuring Costs - Restructuring Liability (Details) - USD ($) |
3 Months Ended | 12 Months Ended | 39 Months Ended | |||
---|---|---|---|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Mar. 31, 2017 |
|
Restructuring Reserve [Roll Forward] | ||||||
Charges incurred | $ 27,000,000 | $ 25,000,000 | ||||
Operational Improvement Program | ||||||
Restructuring Reserve [Roll Forward] | ||||||
Restructuring liability, beginning balance | 25,000,000 | 26,000,000 | $ 26,000,000 | $ 11,000,000 | $ 0 | $ 0 |
Charges incurred | 27,000,000 | 25,000,000 | 145,000,000 | 126,000,000 | 36,000,000 | 334,000,000 |
Cash payments | (37,000,000) | (146,000,000) | (111,000,000) | (25,000,000) | ||
Restructuring liability, ending balance | 15,000,000 | 25,000,000 | 26,000,000 | 11,000,000 | 15,000,000 | |
Business Restructure Program | ||||||
Restructuring Reserve [Roll Forward] | ||||||
Restructuring liability, beginning balance | 26,000,000 | 0 | 0 | |||
Charges incurred | 0 | 0 | 48,000,000 | |||
Cash payments | (18,000,000) | (22,000,000) | ||||
Restructuring liability, ending balance | 8,000,000 | 26,000,000 | 0 | 8,000,000 | ||
Termination benefits | Operational Improvement Program | ||||||
Restructuring Reserve [Roll Forward] | ||||||
Restructuring liability, beginning balance | 7,000,000 | 15,000,000 | 15,000,000 | 5,000,000 | 0 | 0 |
Charges incurred | 6,000,000 | 23,000,000 | 36,000,000 | 16,000,000 | 81,000,000 | |
Cash payments | (4,000,000) | (31,000,000) | (26,000,000) | (11,000,000) | ||
Restructuring liability, ending balance | 9,000,000 | 7,000,000 | 15,000,000 | 5,000,000 | 9,000,000 | |
Termination benefits | Business Restructure Program | ||||||
Restructuring Reserve [Roll Forward] | ||||||
Restructuring liability, beginning balance | 26,000,000 | 0 | 0 | |||
Charges incurred | 45,000,000 | |||||
Cash payments | (18,000,000) | (19,000,000) | ||||
Restructuring liability, ending balance | 8,000,000 | 26,000,000 | 0 | 8,000,000 | ||
Professional services and other | Operational Improvement Program | ||||||
Restructuring Reserve [Roll Forward] | ||||||
Restructuring liability, beginning balance | 18,000,000 | 11,000,000 | 11,000,000 | 6,000,000 | 0 | 0 |
Charges incurred | 21,000,000 | 122,000,000 | 90,000,000 | 20,000,000 | 253,000,000 | |
Cash payments | (33,000,000) | (115,000,000) | (85,000,000) | (14,000,000) | ||
Restructuring liability, ending balance | 6,000,000 | 18,000,000 | 11,000,000 | $ 6,000,000 | 6,000,000 | |
Professional services and other | Business Restructure Program | ||||||
Restructuring Reserve [Roll Forward] | ||||||
Restructuring liability, beginning balance | 0 | $ 0 | 0 | |||
Charges incurred | 3,000,000 | |||||
Cash payments | 0 | (3,000,000) | ||||
Restructuring liability, ending balance | $ 0 | $ 0 | $ 0 | $ 0 |
X | ||||||||||
- Definition Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Income Taxes (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Operating Loss Carryforwards [Line Items] | ||
Provision for income taxes | $ 46 | $ 18 |
Effective tax rate | 11.60% | 6.90% |
U.S. statutory tax rate | 35.00% | |
Liability for uncertain tax position | $ 54 | |
Minimum | ||
Operating Loss Carryforwards [Line Items] | ||
Expected decrease in liability for uncertain tax position | 1 | |
Maximum | ||
Operating Loss Carryforwards [Line Items] | ||
Expected decrease in liability for uncertain tax position | $ 4 |
X | ||||||||||
- Definition Amount of decrease reasonably possible in the next twelve months for the unrecognized tax benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of unrecognized tax benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Goodwill and Other Intangible Assets - Components of Goodwill (Details) $ in Millions |
3 Months Ended |
---|---|
Mar. 31, 2017
USD ($)
| |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning balance | $ 10,905 |
Accumulated impairment losses, beginning balance | (492) |
Goodwill, net, beginning balance | 10,413 |
Goodwill reassigned in segment realignment | 0 |
Goodwill acquired during the period | 8 |
Foreign exchange | 21 |
Goodwill, gross, ending balance | 10,934 |
Accumulated impairment losses, ending balance | (492) |
Goodwill, net, ending balance | 10,442 |
HCB | |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning balance | 4,412 |
Accumulated impairment losses, beginning balance | (130) |
Goodwill, net, beginning balance | 4,282 |
Goodwill reassigned in segment realignment | (113) |
Goodwill acquired during the period | 0 |
Foreign exchange | 9 |
Goodwill, gross, ending balance | 4,308 |
Accumulated impairment losses, ending balance | (130) |
Goodwill, net, ending balance | 4,178 |
CRB | |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning balance | 2,178 |
Accumulated impairment losses, beginning balance | (362) |
Goodwill, net, beginning balance | 1,816 |
Goodwill reassigned in segment realignment | 13 |
Goodwill acquired during the period | 8 |
Foreign exchange | 9 |
Goodwill, gross, ending balance | 2,208 |
Accumulated impairment losses, ending balance | (362) |
Goodwill, net, ending balance | 1,846 |
IRR | |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning balance | 1,758 |
Accumulated impairment losses, beginning balance | 0 |
Goodwill, net, beginning balance | 1,758 |
Goodwill reassigned in segment realignment | 100 |
Goodwill acquired during the period | 0 |
Foreign exchange | 3 |
Goodwill, gross, ending balance | 1,861 |
Accumulated impairment losses, ending balance | 0 |
Goodwill, net, ending balance | 1,861 |
ES | |
Goodwill [Roll Forward] | |
Goodwill, gross, beginning balance | 2,557 |
Accumulated impairment losses, beginning balance | 0 |
Goodwill, net, beginning balance | 2,557 |
Goodwill reassigned in segment realignment | 0 |
Goodwill acquired during the period | 0 |
Foreign exchange | 0 |
Goodwill, gross, ending balance | 2,557 |
Accumulated impairment losses, ending balance | 0 |
Goodwill, net, ending balance | $ 2,557 |
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of foreign currency translation gain (loss) which increases (decreases) an asset representing future economic benefits from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of accumulated impairment loss for an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) from adjustments after acquisition date under purchase accounting of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Goodwill and Other Intangible Assets - Finite-Lived Intangible Assets and Liabilities (Details) - USD ($) $ in Millions |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
Dec. 31, 2016 |
|
Finite-lived Intangible Assets [Roll Forward] | |||
Balance as of December 31, 2016 | $ 4,332 | ||
Intangible assets acquired | 47 | ||
Intangible assets disposed | 0 | ||
Amortization (ii) | (151) | $ (161) | |
Foreign Exchange | 17 | ||
Balance as of March 31, 2017 | 4,245 | ||
Finite-lived intangible assets, gross carrying amount | 5,325 | $ 5,275 | |
Finite-lived intangible assets, accumulated amortization | (1,080) | (943) | |
Finite-lived intangible liabilities, gross carrying amount | 35 | 34 | |
Finite-lived intangible liabilities, accumulated amortization | (6) | (5) | |
Client relationships | |||
Finite-lived Intangible Assets [Roll Forward] | |||
Balance as of December 31, 2016 | 2,655 | ||
Intangible assets acquired | 11 | ||
Intangible assets disposed | 0 | ||
Amortization (ii) | (98) | ||
Foreign Exchange | 13 | ||
Balance as of March 31, 2017 | 2,581 | ||
Finite-lived intangible assets, gross carrying amount | 3,413 | 3,396 | |
Finite-lived intangible assets, accumulated amortization | (832) | (741) | |
Management contracts | |||
Finite-lived Intangible Assets [Roll Forward] | |||
Balance as of December 31, 2016 | 54 | ||
Intangible assets acquired | 0 | ||
Intangible assets disposed | 0 | ||
Amortization (ii) | (1) | ||
Foreign Exchange | 1 | ||
Balance as of March 31, 2017 | 54 | ||
Finite-lived intangible assets, gross carrying amount | 63 | 62 | |
Finite-lived intangible assets, accumulated amortization | (9) | (8) | |
Software - income approach | |||
Finite-lived Intangible Assets [Roll Forward] | |||
Balance as of December 31, 2016 | 570 | ||
Intangible assets acquired | 36 | ||
Intangible assets disposed | 0 | ||
Amortization (ii) | (39) | ||
Foreign Exchange | 1 | ||
Balance as of March 31, 2017 | 568 | ||
Finite-lived intangible assets, gross carrying amount | 742 | 711 | |
Finite-lived intangible assets, accumulated amortization | (174) | (141) | |
Trademark and trade name | |||
Finite-lived Intangible Assets [Roll Forward] | |||
Balance as of December 31, 2016 | 1,006 | ||
Intangible assets acquired | 0 | ||
Intangible assets disposed | 0 | ||
Amortization (ii) | (12) | ||
Foreign Exchange | 2 | ||
Balance as of March 31, 2017 | 996 | ||
Finite-lived intangible assets, gross carrying amount | 1,052 | 1,051 | |
Finite-lived intangible assets, accumulated amortization | (56) | (45) | |
Product | |||
Finite-lived Intangible Assets [Roll Forward] | |||
Balance as of December 31, 2016 | 33 | ||
Intangible assets acquired | 0 | ||
Intangible assets disposed | 0 | ||
Amortization (ii) | (1) | ||
Foreign Exchange | 0 | ||
Balance as of March 31, 2017 | 32 | ||
Finite-lived intangible assets, gross carrying amount | 36 | 36 | |
Finite-lived intangible assets, accumulated amortization | (4) | (3) | |
Favorable agreements | |||
Finite-lived Intangible Assets [Roll Forward] | |||
Balance as of December 31, 2016 | 11 | ||
Intangible assets acquired | 0 | ||
Intangible assets disposed | 0 | ||
Amortization (ii) | 0 | ||
Foreign Exchange | 0 | ||
Balance as of March 31, 2017 | 11 | ||
Finite-lived intangible assets, gross carrying amount | 13 | 13 | |
Finite-lived intangible assets, accumulated amortization | (2) | (2) | |
Other | |||
Finite-lived Intangible Assets [Roll Forward] | |||
Balance as of December 31, 2016 | 3 | ||
Intangible assets acquired | 0 | ||
Intangible assets disposed | 0 | ||
Amortization (ii) | 0 | ||
Foreign Exchange | 0 | ||
Balance as of March 31, 2017 | 3 | ||
Finite-lived intangible assets, gross carrying amount | 6 | 6 | |
Finite-lived intangible assets, accumulated amortization | $ (3) | $ (3) |
X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of accumulated amortization of leases acquired as part of a real property acquisition at below market lease rate with a finite life. No definition available.
|
X | ||||||||||
- Definition Amount before amortization of leases acquired as part of a real property acquisition at below market lease rate with a finite life. No definition available.
|
X | ||||||||||
- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of foreign currency translation gain (loss) which increases (decreases) assets, excluding financial assets and goodwill, lacking physical substance with a finite life. No definition available.
|
X | ||||||||||
- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) to assets, excluding financial assets and goodwill, lacking physical substance with a finite life for purchase accounting adjustments. No definition available.
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, from an acquisition. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions |
3 Months Ended | |||
---|---|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
Dec. 31, 2016 |
Jan. 04, 2016 |
|
Finite-Lived Intangible Assets [Line Items] | ||||
Amortization of intangible assets, excluding above market leases | $ 151 | $ 161 | ||
Acquired unfavorable lease liabilities | $ 29 | $ 29 | ||
Weighted average remaining life of amortizable intangible assets | 14 years 8 months | |||
In Process Research and Development | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Intangible asset | $ 36 | $ 39 |
X | ||||||||||
- Definition Amount after amortization of leases acquired as part of a real property acquisition at below market lease rate with a finite life. No definition available.
|
X | ||||||||||
- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amortization of Intangible Assets, Excluding Above Market Leases No definition available.
|
X | ||||||||||
- Details
|
Goodwill and Other Intangible Assets - Schedule of Future Amortization Expense and Rent Offset (Details) $ in Millions |
Mar. 31, 2017
USD ($)
|
---|---|
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract] | |
Remainder of 2017 | $ 424 |
2018 | 524 |
2019 | 468 |
2020 | 416 |
2021 | 342 |
Thereafter | 2,060 |
Total | 4,234 |
Rent offset | |
Remainder of 2017 | (3) |
2018 | (3) |
2019 | (2) |
2020 | (2) |
2021 | (2) |
Thereafter | (6) |
Total | $ (18) |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Above (Below) Market Lease, Net No definition available.
|
X | ||||||||||
- Definition Amortization of Above and Below Market Leases, Remainder of Fiscal Year No definition available.
|
X | ||||||||||
- Definition Amortization of Above and Below Market Leases, Year Five No definition available.
|
X | ||||||||||
- Definition Amortization of Above and Below Market Leases, Year Four No definition available.
|
X | ||||||||||
- Definition Amortization of Above and Below Market Leases, Year Three No definition available.
|
X | ||||||||||
- Definition Amortization of Above and Below Market Leases, Year Two No definition available.
|
X | ||||||||||
- Definition Amortization of Above and Below Market Leases, after Year Five No definition available.
|
X | ||||||||||
- Definition Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year (Excluding Above and Below Market Leases) No definition available.
|
X | ||||||||||
- Definition Finite-Lived Intangible Assets, Amortization Expense, Year Five (Excluding Above and Below Market Leases) No definition available.
|
X | ||||||||||
- Definition Finite-Lived Intangible Assets, Amortization Expense, Year Four (Excluding Above and Below Market Leases) No definition available.
|
X | ||||||||||
- Definition Finite-Lived Intangible Assets, Amortization Expense, Year Three (Excluding Above and Below Market Leases) No definition available.
|
X | ||||||||||
- Definition Finite-Lived Intangible Assets, Amortization Expense, Year Two (Excluding Above and Below Market Leases) No definition available.
|
X | ||||||||||
- Definition Finite-Lived Intangible Assets, Amortization Expense, after Year Five (Excluding Above and Below Market Leases) No definition available.
|
X | ||||||||||
- Definition Finite-Lived Intangible Assets, Net (Excluding Above and Below Market Leases) No definition available.
|
Derivative Financial Instruments (Details) - USD ($) |
3 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2016 |
|
Derivative [Line Items] | ||||
Loss on derivatives to be reclassified within the next twelve months | $ 57,000,000 | |||
Gain (loss) in earnings for derivatives not designated as hedging instruments | $ 8,000,000 | $ (10,000,000) | ||
Maximum | ||||
Derivative [Line Items] | ||||
Longest outstanding maturity | 2 years 2 months | |||
Not Designated as Hedging Instrument | Forward exchange contracts | ||||
Derivative [Line Items] | ||||
Derivative, notional amount | $ 461,000,000 | $ 630,000,000 | ||
Derivative liability, fair value | 0 | 8,000,000 | ||
Cash Flow Hedges | Designated as Hedging Instrument | Interest rate swaps | ||||
Derivative [Line Items] | ||||
Derivative, notional amount | 300,000,000 | 300,000,000 | ||
Derivative asset, fair value | 1,000,000 | 0 | ||
Cash Flow Hedges | Designated as Hedging Instrument | Forward exchange contracts | ||||
Derivative [Line Items] | ||||
Derivative, notional amount | 787,000,000 | 945,000,000 | ||
Derivative liability, fair value | 85,000,000 | $ 110,000,000 | ||
Gain /(loss) recognized in OCI (effective portion) | 3,000,000 | $ (28,000,000) | ||
Loss reclassified from Accumulated OCI into income (effective element) | (23,000,000) | $ (4,000,000) | ||
Gain recognized in income (ineffective portion and amount excluded from effectiveness testing) | $ 1,000,000 | $ 0 |
X | ||||||||||
- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The estimated value of gains (losses), net anticipated to be transferred in the future from accumulated other comprehensive income into earnings. No definition available.
|
X | ||||||||||
- Definition The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments representing (a) the amount of the hedge ineffectiveness and (b) the amount, if any, excluded from the assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Period remaining until the derivative contract matures, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Debt - Schedule of Short-term Debt and Current Maturities of Long-Term Debt (Details) - USD ($) $ in Millions |
3 Months Ended | ||
---|---|---|---|
Jan. 04, 2016 |
Mar. 31, 2017 |
Dec. 31, 2016 |
|
Short-term Debt [Line Items] | |||
Short-term debt and current portion of the long-term debt | $ 120 | $ 508 | |
Senior Notes | 6.200% senior notes due 2017 | |||
Short-term Debt [Line Items] | |||
Short-term debt and current portion of the long-term debt | $ 0 | 394 | |
Stated interest rate (as a percent) | 6.20% | ||
Term Loan Facility | 7-year term loan facility (expiring 2018) | |||
Short-term Debt [Line Items] | |||
Short-term debt and current portion of the long-term debt | $ 0 | 22 | |
Term loan period | 7 years | ||
Term Loan Facility | Term loan due 2019 | |||
Short-term Debt [Line Items] | |||
Short-term debt and current portion of the long-term debt | $ 85 | 85 | |
Term loan period | 1 year | ||
Bank Overdrafts | |||
Short-term Debt [Line Items] | |||
Short-term debt and current portion of the long-term debt | 33 | 5 | |
Other debt | |||
Short-term Debt [Line Items] | |||
Short-term debt and current portion of the long-term debt | $ 2 | $ 2 |
X | ||||||||||
- Definition Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Debt - Schedule of Long-term Debt (Details) - USD ($) |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2017 |
Mar. 07, 2017 |
Dec. 31, 2016 |
|
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | $ 3,975,000,000 | $ 3,357,000,000 | |
Line of Credit | Revolving Credit Facility | Revolving $1.25 billion credit facility | |||
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | 1,064,000,000 | 0 | |
Maximum borrowing capacity | 1,250,000,000.00 | $ 1,250,000,000.00 | |
Line of Credit | Revolving Credit Facility | Revolving $800 million credit facility | |||
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | 0 | 238,000,000 | |
Maximum borrowing capacity | 800,000,000 | 800,000,000 | |
Term Loan | 7-year term loan facility (expiring 2018) | |||
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | $ 0 | 196,000,000 | |
Term loan period | 7 years | ||
Term Loan | Term loan due 2019 | |||
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | $ 148,000,000 | 169,000,000 | |
Senior Notes | 7.000% senior notes due 2019 | |||
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | $ 186,000,000 | 186,000,000 | |
Stated interest rate (as a percent) | 7.00% | ||
Senior Notes | 5.750% senior notes due 2021 | |||
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | $ 496,000,000 | 496,000,000 | |
Stated interest rate (as a percent) | 5.75% | ||
Senior Notes | 3.500% senior notes due 2021 | |||
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | $ 446,000,000 | 446,000,000 | |
Stated interest rate (as a percent) | 3.50% | ||
Senior Notes | 2.125% senior notes due 2022 | |||
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | $ 573,000,000 | 565,000,000 | |
Stated interest rate (as a percent) | 2.125% | ||
Senior Notes | 4.625% senior notes due 2023 | |||
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | $ 248,000,000 | 247,000,000 | |
Stated interest rate (as a percent) | 4.625% | ||
Senior Notes | 4.625% senior notes due 2023 | |||
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | $ 543,000,000 | 543,000,000 | |
Stated interest rate (as a percent) | 4.40% | ||
Senior Notes | 4.400% senior notes due 2026 | |||
Debt Instrument [Line Items] | |||
Long-term debt, excluding current maturities | $ 271,000,000 | $ 271,000,000 | |
Stated interest rate (as a percent) | 6.125% |
X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Debt - Narrative (Details) € in Millions |
3 Months Ended | ||||
---|---|---|---|---|---|
Mar. 28, 2017
USD ($)
|
Mar. 07, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
Mar. 31, 2017
EUR (€)
|
Dec. 31, 2016
USD ($)
|
|
Line of Credit | Revolving Credit Facility | Revolving $1.25 billion credit facility | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | $ 1,250,000,000.00 | $ 1,250,000,000.00 | |||
Long-term borrowings outstanding | 409,000,000 | € 45 | |||
Line of Credit | Revolving Credit Facility | Revolving $1.25 billion credit facility | LIBOR | Minimum | |||||
Debt Instrument [Line Items] | |||||
Interest rate spread (as a percent) | 1.00% | ||||
Line of Credit | Revolving Credit Facility | Revolving $1.25 billion credit facility | LIBOR | Maximum | |||||
Debt Instrument [Line Items] | |||||
Interest rate spread (as a percent) | 1.75% | ||||
Line of Credit | Revolving Credit Facility | Revolving $1.25 billion credit facility | Bank Base Rate | Minimum | |||||
Debt Instrument [Line Items] | |||||
Interest rate spread (as a percent) | 0.00% | ||||
Line of Credit | Revolving Credit Facility | Revolving $1.25 billion credit facility | Bank Base Rate | Maximum | |||||
Debt Instrument [Line Items] | |||||
Interest rate spread (as a percent) | 0.75% | ||||
Line of Credit | Revolving Credit Facility | Revolving $800 million Credit Facility | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | $ 800,000,000 | $ 800,000,000 | |||
Term Loan | 7-year term loan facility (expiring 2018) | |||||
Debt Instrument [Line Items] | |||||
Term loan period | 7 years | ||||
Senior Notes | 6.200% senior notes due 2017 | |||||
Debt Instrument [Line Items] | |||||
Repayments of debt | $ 407,000,000 | ||||
Stated interest rate (as a percent) | 6.20% | 6.20% |
X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended |
---|---|---|
Mar. 31, 2017 |
Dec. 31, 2016 |
|
Contingent consideration | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Inputs, Discount Rate | 10.02% | 10.76% |
Recurring | ||
Assets: | ||
Mutual funds / exchange traded funds | $ 38 | $ 37 |
Derivative financial instruments | 13 | 15 |
Liabilities: | ||
Contingent Consideration | 54 | 55 |
Derivative financial instruments | 99 | 133 |
Recurring | Level 1 | ||
Assets: | ||
Mutual funds / exchange traded funds | 38 | 37 |
Derivative financial instruments | 0 | 0 |
Liabilities: | ||
Contingent Consideration | 0 | 0 |
Derivative financial instruments | 0 | 0 |
Recurring | Level 2 | ||
Assets: | ||
Mutual funds / exchange traded funds | 0 | 0 |
Derivative financial instruments | 13 | 15 |
Liabilities: | ||
Contingent Consideration | 0 | 0 |
Derivative financial instruments | 99 | 133 |
Recurring | Level 3 | ||
Assets: | ||
Mutual funds / exchange traded funds | 0 | 0 |
Derivative financial instruments | 0 | 0 |
Liabilities: | ||
Contingent Consideration | 54 | 55 |
Derivative financial instruments | $ 0 | $ 0 |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value of obligations measured on a recurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Fair Value Measurements - Fair Value Liabilities Measured Using Significant Unobservable Inputs Level 3 (Details) $ in Millions |
3 Months Ended |
---|---|
Mar. 31, 2017
USD ($)
| |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |
Balance as of beginning of period | $ 55 |
Obligations assumed | 0 |
Payments | (2) |
Realized and unrealized losses | 0 |
Foreign exchange | 1 |
Balance as of end of period | $ 54 |
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Amount of gain (loss) recognized on the income statement for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of gain (loss) recognized in other comprehensive income (loss) for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of purchases of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value Measurements - Schedule of Liabilities Whose Carrying Values Differ From the Fair Value and are Not Measured on a Recurring Basis (Details) - Nonrecurring - USD ($) $ in Millions |
Mar. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Carrying Value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Current portion of long-term debt | $ 120 | $ 508 |
Long-term debt | 3,975 | 3,357 |
Fair Value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Current portion of long-term debt | 120 | 513 |
Long-term debt | $ 4,216 | $ 3,504 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Long-term Debt, Current Maturities, Fair Value No definition available.
|
X | ||||||||||
- Definition Long-term Debt, Excluding Current Maturities, Fair Value No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Retirement Benefits - Narrative (Details) - USD ($) |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Defined Benefit Plan Disclosure [Line Items] | ||
Portion of pension and OPEB obligation attributed to disclosed plans (as a percent) | 99.00% | |
Defined contribution plan, employer contribution | $ 42,000,000 | $ 36,000,000 |
U.S. | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Funding of defined benefit pension plans | 0 | |
Defined benefit plan, estimated future employer contributions, remainder of fiscal year | 50,000,000 | |
U.K. | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Funding of defined benefit pension plans | 12,000,000 | |
Defined benefit plan, estimated future employer contributions, remainder of fiscal year | 48,000,000 | |
Other | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Funding of defined benefit pension plans | 5,000,000 | |
Defined benefit plan, estimated future employer contributions, remainder of fiscal year | $ 9,000,000 |
X | ||||||||||
- Definition Amount of contributions made by the employer to defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of employer's best estimate of contributions expected to be paid to the plan in the current remaining fiscal period. No definition available.
|
X | ||||||||||
- Definition Amount of discretionary contributions made by an employer to a defined contribution plan. No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plans, Percentage of Obligation from Plans No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Retirement Benefits - Net Periodic Benefit Cost (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
U.S. | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | $ 16 | $ 15 |
Interest cost | 35 | 34 |
Expected return on plan assets | (61) | (59) |
Settlement | 0 | 0 |
Amortization of net loss | 3 | 3 |
Amortization of prior service (credit) | 0 | 0 |
Net periodic benefit (income) /cost | (7) | (7) |
U.K. | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 8 | 6 |
Interest cost | 22 | 28 |
Expected return on plan assets | (68) | (64) |
Settlement | 0 | 0 |
Amortization of net loss | 13 | 11 |
Amortization of prior service (credit) | (5) | (5) |
Net periodic benefit (income) /cost | (30) | (24) |
Other | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 5 | 5 |
Interest cost | 4 | 6 |
Expected return on plan assets | (7) | (8) |
Settlement | 0 | 2 |
Amortization of net loss | 0 | 0 |
Amortization of prior service (credit) | 0 | 0 |
Net periodic benefit (income) /cost | 2 | 5 |
PRW | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 0 | 0 |
Interest cost | 1 | 1 |
Expected return on plan assets | 0 | 0 |
Settlement | 0 | 0 |
Amortization of net loss | 0 | 0 |
Amortization of prior service (credit) | 0 | 0 |
Net periodic benefit (income) /cost | $ 1 | $ 1 |
X | ||||||||||
- Definition The amount of gains or losses recognized in net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of the prior service cost or credit recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of net gain (loss) recognized in net periodic benefit cost as a result of an irrevocable action that relieves the employer (or the plan) of primary responsibility for a benefit obligation and eliminates significant risks related to the obligation and the assets used to effect the settlement. Examples of transactions that constitute a settlement include, but are not limited to, lump-sum cash payments to plan participants in exchange for their rights to receive specified benefits and purchasing nonparticipating annuity contracts to cover vested benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Commitments and Contingencies (Details) |
1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 01, 2017
USD ($)
|
Sep. 12, 2016
USD ($)
plaintiff
|
Aug. 05, 2016
USD ($)
plaintiff
|
Mar. 31, 2016
USD ($)
|
Jul. 21, 2015 |
Jul. 15, 2015 |
Aug. 01, 2014
USD ($)
|
Jan. 10, 2014
plaintiff
|
Oct. 01, 2013
USD ($)
|
Aug. 06, 2013
plaintiff
|
Jun. 20, 2013
lawsuit
|
Jun. 11, 2013
lawsuit
|
Jun. 03, 2013
lawsuit
|
Feb. 14, 2013
USD ($)
lawsuit
plaintiff
|
Feb. 08, 2013
USD ($)
plaintiff
|
Mar. 11, 2011
USD ($)
plaintiff
|
Sep. 16, 2010
USD ($)
plaintiff
|
Sep. 14, 2009
USD ($)
plaintiff
|
Aug. 06, 2009
USD ($)
|
Jul. 02, 2009
USD ($)
|
Mar. 23, 2016
complaint
shareholder
shares
|
Dec. 10, 2015
plaintiff
|
Mar. 31, 2017
USD ($)
lawsuit
|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2015
USD ($)
|
May 08, 2017
USD ($)
|
May 09, 2016
complaint
|
Mar. 25, 2014
action
|
|
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Provision for litigation losses | $ 0 | $ 50,000,000 | |||||||||||||||||||||||||||
Aviation broking revenue (less than) | $ 100,000,000 | ||||||||||||||||||||||||||||
Stanford Financial Group | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of complaints filed | lawsuit | 15 | ||||||||||||||||||||||||||||
de Gadala-Maria, et al. v. Willis Group Holdings Public Limited Company, et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Period to replead dismissed claim | 21 days | ||||||||||||||||||||||||||||
Pending Litigation | Canabal, et al. v. Willis of Colorado, Inc., et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 1,000,000,000 | ||||||||||||||||||||||||||||
Pending Litigation | Rupert, et al. v. Winter, et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 97 | ||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 300,000,000 | ||||||||||||||||||||||||||||
Pending Litigation | Casanova, et al. v. Willis of Colorado, Inc., et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 7 | ||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 5,000,000 | ||||||||||||||||||||||||||||
Pending Litigation | Rishmague, et ano. v. Winter, et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 2 | ||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 37,000,000 | ||||||||||||||||||||||||||||
Pending Litigation | MacArthur v. Winter, et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 2 | ||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 4,000,000 | ||||||||||||||||||||||||||||
Pending Litigation | Stanford Financial Group, Florida Suits | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of complaints filed | lawsuit | 5 | ||||||||||||||||||||||||||||
Number of cases removed | lawsuit | 5 | ||||||||||||||||||||||||||||
Number of cases moved to stay | lawsuit | 4 | ||||||||||||||||||||||||||||
Number of cases transferred | lawsuit | 5 | ||||||||||||||||||||||||||||
Period that case is stayed | 7 days | ||||||||||||||||||||||||||||
Pending Litigation | Barbar, et al. v. Willis Group Holdings Public Limited Company, et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 35 | ||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 30,000,000 | ||||||||||||||||||||||||||||
Pending Litigation | de Gadala-Maria, et al. v. Willis Group Holdings Public Limited Company, et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 64 | ||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 83,500,000 | ||||||||||||||||||||||||||||
Pending Litigation | Ranni, et ano. v. Willis Group Holdings Public Limited Company, et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 2 | ||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 3,000,000 | ||||||||||||||||||||||||||||
Pending Litigation | Tisminesky, et al. v. Willis Group Holdings Public Limited Company, et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 11 | ||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 6,500,000 | ||||||||||||||||||||||||||||
Period to replead dismissed claim | 21 days | ||||||||||||||||||||||||||||
Pending Litigation | Zacarias, et al. v. Willis Group Holdings Public Limited Company, et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 10 | ||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 12,500,000 | ||||||||||||||||||||||||||||
Period to replead dismissed claim | 21 days | ||||||||||||||||||||||||||||
Pending Litigation | Martin v. Willis of Colorado, Inc., et. al. [Member] | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 5 | 1 | |||||||||||||||||||||||||||
Damages sought (in excess of) | $ 1,000,000 | $ 100,000 | |||||||||||||||||||||||||||
Pending Litigation | Abel, et al. v. Willis of Colorado, Inc., et al [Member] | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 300 | ||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 135,000,000 | ||||||||||||||||||||||||||||
Pending Litigation | City of Houston | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Increase to actuarial accrued liability alleged by plaintiff | $ 163,000,000 | ||||||||||||||||||||||||||||
Pending Litigation | Meriter | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 135,000,000 | ||||||||||||||||||||||||||||
Pending Litigation | Towers Watson | Towers Watson Merger, Demand for Appraisal | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | 3 | 10 | |||||||||||||||||||||||||||
Percentage of stock owned by plaintiffs | 2.40% | ||||||||||||||||||||||||||||
Number of complaints filed | complaint | 3 | ||||||||||||||||||||||||||||
Number of shares owned by plaintiffs | shares | 1,354,338 | ||||||||||||||||||||||||||||
Number of actions consolidated | complaint | 3 | ||||||||||||||||||||||||||||
Settled Litigation | Stanford Financial Group | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Provision for litigation losses | $ 70,000,000 | ||||||||||||||||||||||||||||
Settled Litigation | Troice and Janvey Cases | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Provision for litigation losses | $ 50,000,000 | ||||||||||||||||||||||||||||
Settlement amount against the Company | $ 120,000,000 | ||||||||||||||||||||||||||||
Settled Litigation | Troice, et al. v. Willis of Colorado, Inc., et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of actions consolidated | action | 2 | ||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 1,000,000,000 | ||||||||||||||||||||||||||||
Settled Litigation | Janvey, et al. v. Willis of Colorado, Inc., et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Damages sought (in excess of) | $ 1,000,000,000 | ||||||||||||||||||||||||||||
Total losses incurred by plaintiff | $ 4,600,000,000 | ||||||||||||||||||||||||||||
Settled Litigation | Elma Sanchez, et al. | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Number of plaintiffs | plaintiff | 3 | 3 | |||||||||||||||||||||||||||
Damages paid | $ 9,750,000 | ||||||||||||||||||||||||||||
Premium rate increase | 85.00% | ||||||||||||||||||||||||||||
Settled Litigation | Meriter | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Damages paid | $ 82,000,000 | ||||||||||||||||||||||||||||
Subsequent Event | Pending Litigation | City of Houston | |||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||||||||
Estimated damages incurred (through July 1, 2017) | $ 430,000,000 | ||||||||||||||||||||||||||||
Estimated future damages incurred (as of July 1, 2017) | $ 400,000,000 |
X | ||||||||||
- Definition Amount of judgment or settlement awarded to (against) the entity in respect of litigation. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount charged against operating income increasing loss contingency liability, after adjustments to reduce previously estimated charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of damages paid to the plaintiff in the legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The value (monetary amount) of the award the plaintiff seeks in the legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Reflects the estimated amount of loss from the specified contingency as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The total number of new claims filed pertaining to a loss contingency during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of plaintiffs that have filed claims pertaining to a loss contingency. No definition available.
|
X | ||||||||||
- Definition Aviation Broking Revenue No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Claims Moved to Stay, Number No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Claims Removed, Number No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Claims Stayed, Period No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Claims Transferred, Number No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Dismissed Claim, Period to Replead No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Estimated Damages Incurred No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Estimated Future Damages Incurred No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Increase to Actuarial Accrued Liability Alleged by Plaintiff No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Number of Actions Consolidated No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Number of Shares Owned by Plaintiffs No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Plaintiff's Ownership Percentage No definition available.
|
X | ||||||||||
- Definition Loss Contingency, Premium Rate Increase No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Supplementary Information for Certain Balance Sheet Accounts - Accounts Receivable, Net (Details) - USD ($) $ in Millions |
Mar. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, net | $ 2,307 | $ 2,080 |
Billed, net of allowance for doubtful debts of $46 million and $40 million | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, net | 1,956 | 1,789 |
Allowance for doubtful debts | 46 | 40 |
Accrued and unbilled, at estimated net realizable value | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, net | $ 351 | $ 291 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Supplementary Information for Certain Balance Sheet Accounts - Other Current Liabilities (Details) - USD ($) $ in Millions |
Mar. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||
Accounts payable | $ 135 | $ 117 |
Income and other taxes payable | 179 | 91 |
Contingent and deferred consideration on acquisition | 54 | 53 |
Payroll-related liabilities | 275 | 200 |
Derivatives | 66 | 80 |
Third-party commissions | 186 | 184 |
Other current liabilities | 101 | 151 |
Total other current liabilities | $ 996 | $ 876 |
X | ||||||||||
- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for sales commissions. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Business Combination, Contingent Consideration, Liability and Deferred Consideration, Current No definition available.
|
Supplementary Information for Certain Balance Sheet Accounts - Provision for Liabilities (Details) - USD ($) $ in Millions |
Mar. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||
Claims, lawsuits and other proceedings | $ 465 | $ 456 |
Other provisions | 153 | 119 |
Total provision for liabilities | $ 618 | $ 575 |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of expenses incurred but not yet paid classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Provision For Claims, Lawsuits And Other Proceedings No definition available.
|
X | ||||||||||
- Definition Provision For Liabilities No definition available.
|
Accumulated Other Comprehensive Income/(Loss) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions |
3 Months Ended | ||||
---|---|---|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||||
Beginning balance | [1] | $ 10,065 | |||
Ending Balance | [1] | 10,278 | |||
Amounts reclassified from accumulated other comprehensive income, tax | 3 | $ 6 | |||
Foreign currency translation | |||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||||
Beginning balance | (650) | (314) | |||
Other comprehensive income/(loss) before reclassifications | (74) | 4 | |||
Amounts reclassified from accumulated other comprehensive income/(loss) (net of income tax) | 0 | 0 | |||
Net current-period other comprehensive income/(loss) | (74) | 4 | |||
Ending Balance | (724) | (310) | |||
Gains and losses on cash flow hedges | |||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||||
Beginning balance | (82) | (10) | |||
Other comprehensive income/(loss) before reclassifications | 1 | (26) | |||
Amounts reclassified from accumulated other comprehensive income/(loss) (net of income tax) | 19 | 4 | |||
Net current-period other comprehensive income/(loss) | 20 | (22) | |||
Ending Balance | (62) | (32) | |||
Defined pension and post-retirement benefit costs | |||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||||
Beginning balance | (1,152) | (713) | |||
Other comprehensive income/(loss) before reclassifications | 20 | (6) | |||
Amounts reclassified from accumulated other comprehensive income/(loss) (net of income tax) | 10 | 8 | |||
Net current-period other comprehensive income/(loss) | 30 | 2 | |||
Ending Balance | (1,122) | (711) | |||
Total | |||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | |||||
Beginning balance | (1,884) | (1,037) | |||
Other comprehensive income/(loss) before reclassifications | (53) | (28) | |||
Amounts reclassified from accumulated other comprehensive income/(loss) (net of income tax) | 29 | 12 | |||
Net current-period other comprehensive income/(loss) | (24) | (16) | |||
Ending Balance | $ (1,908) | $ (1,053) | |||
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Amount after tax, before reclassification adjustments, of other comprehensive income (loss), attributable to parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Earnings Per Share - Narrative (Details) - shares shares in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Time-based shares | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Antidilutive securities excluded from computation of earnings per share | 0.1 | 0.7 |
Time-based shares | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock options outstanding | 1.0 | 1.5 |
Performance based | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock options outstanding | 1.1 | 1.3 |
Restricted share units outstanding | 0.6 | 0.7 |
Restricted share units | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Restricted share units outstanding | 0.5 | 1.2 |
X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Earnings Per Share [Abstract] | ||
Net income attributable to Willis Towers Watson | $ 344 | $ 238 |
Basic average number of shares outstanding (shares) | 137 | 135 |
Dilutive effect of potentially issuable shares (shares) | 1 | 1 |
Diluted average number of shares outstanding (shares) | 138 | 136 |
Basic earnings per share (usd per share) | $ 2.51 | $ 1.76 |
Dilutive effect of potentially issuable shares (usd per share) | (0.01) | (0.01) |
Diluted earnings per share (usd per share) | $ 2.50 | $ 1.75 |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Dilutive Securities, Effect on Basic Earnings Per Share, Per Share No definition available.
|
Financial Information for Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Narrative (Details) - USD ($) $ in Millions |
Mar. 31, 2017 |
Jul. 01, 2015 |
---|---|---|
Willis North America | Senior Notes | ||
Debt Instrument [Line Items] | ||
Long-term debt | $ 148 | |
The Other Guarantors | ||
Debt Instrument [Line Items] | ||
Subsidiary, ownership percentage by parent | 100.00% | |
6.200% senior notes due 2017 | Willis North America | Senior Notes | ||
Debt Instrument [Line Items] | ||
Long-term debt | $ 394 | |
7.000% senior notes due 2019 | Willis North America | Senior Notes | ||
Debt Instrument [Line Items] | ||
Long-term debt | $ 187 |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Financial Information for Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Unaudited Condensed Consolidated Statement of Comprehensive Income (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Revenues | ||
Commissions and fees | $ 2,303 | $ 2,219 |
Interest and other income | 16 | 15 |
Total revenues | 2,319 | 2,234 |
Costs of providing services | ||
Salaries and benefits | 1,191 | 1,196 |
Other operating expenses | 401 | 431 |
Depreciation | 46 | 43 |
Amortization | 151 | 161 |
Restructuring costs | 27 | 25 |
Integration expenses | 40 | 52 |
Total costs of providing services | 1,856 | 1,908 |
Income from operations | 463 | 326 |
Income from Group undertakings | 0 | 0 |
Expenses due to Group undertakings | 0 | 0 |
Interest expense | 46 | 46 |
Other expense, net | 20 | 18 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 397 | 262 |
Provision for income taxes | 46 | 18 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 351 | 244 |
Interest in earnings of associates, net of tax | 1 | 1 |
Equity account for subsidiaries | 0 | 0 |
NET INCOME | 352 | 245 |
Income attributable to noncontrolling interests | (8) | (7) |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 344 | 238 |
Comprehensive income before noncontrolling interests | 331 | 231 |
Comprehensive income attributable to noncontrolling interest | (11) | (9) |
Comprehensive income attributable to Willis Towers Watson | 320 | 222 |
Consolidating adjustments | Parent Guarantor | ||
Revenues | ||
Commissions and fees | 0 | 0 |
Interest and other income | 0 | 0 |
Total revenues | 0 | 0 |
Costs of providing services | ||
Salaries and benefits | 0 | 0 |
Other operating expenses | 0 | 0 |
Depreciation | 0 | 0 |
Amortization | 0 | 0 |
Restructuring costs | 0 | 0 |
Integration expenses | 0 | 0 |
Total costs of providing services | 0 | 0 |
Income from operations | 0 | 0 |
Income from Group undertakings | 259 | 205 |
Expenses due to Group undertakings | (259) | (205) |
Interest expense | 0 | 0 |
Other expense, net | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 0 | 0 |
Provision for income taxes | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 0 | 0 |
Interest in earnings of associates, net of tax | 0 | 0 |
Equity account for subsidiaries | (839) | (465) |
NET INCOME | (839) | (465) |
Income attributable to noncontrolling interests | 0 | 0 |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | (839) | (465) |
Comprehensive income before noncontrolling interests | (756) | (406) |
Comprehensive income attributable to noncontrolling interest | 0 | 0 |
Comprehensive income attributable to Willis Towers Watson | (756) | (406) |
Willis Towers Watson | Reportable Legal Entities | ||
Revenues | ||
Commissions and fees | 0 | 0 |
Interest and other income | 0 | 0 |
Total revenues | 0 | 0 |
Costs of providing services | ||
Salaries and benefits | 1 | 0 |
Other operating expenses | 1 | 1 |
Depreciation | 0 | 0 |
Amortization | 0 | 0 |
Restructuring costs | 0 | 0 |
Integration expenses | 0 | 1 |
Total costs of providing services | 2 | 2 |
Income from operations | (2) | (2) |
Income from Group undertakings | 0 | 0 |
Expenses due to Group undertakings | 0 | 0 |
Interest expense | 7 | 11 |
Other expense, net | 0 | 1 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | (9) | (14) |
Provision for income taxes | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | (9) | (14) |
Interest in earnings of associates, net of tax | 0 | 0 |
Equity account for subsidiaries | 353 | 252 |
NET INCOME | 344 | 238 |
Income attributable to noncontrolling interests | 0 | 0 |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 344 | 238 |
Comprehensive income before noncontrolling interests | 320 | 222 |
Comprehensive income attributable to noncontrolling interest | 0 | 0 |
Comprehensive income attributable to Willis Towers Watson | 320 | 222 |
The Other Guarantors | Reportable Legal Entities | ||
Revenues | ||
Commissions and fees | 0 | 0 |
Interest and other income | 0 | 0 |
Total revenues | 0 | 0 |
Costs of providing services | ||
Salaries and benefits | 0 | 0 |
Other operating expenses | 7 | 35 |
Depreciation | 1 | 1 |
Amortization | 0 | 0 |
Restructuring costs | 4 | 4 |
Integration expenses | 1 | 12 |
Total costs of providing services | 13 | 52 |
Income from operations | (13) | (52) |
Income from Group undertakings | (128) | (121) |
Expenses due to Group undertakings | 39 | 14 |
Interest expense | 24 | 17 |
Other expense, net | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 52 | 38 |
Provision for income taxes | 4 | (13) |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 48 | 51 |
Interest in earnings of associates, net of tax | 0 | 0 |
Equity account for subsidiaries | 311 | 199 |
NET INCOME | 359 | 250 |
Income attributable to noncontrolling interests | 0 | 0 |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 359 | 250 |
Comprehensive income before noncontrolling interests | 334 | 232 |
Comprehensive income attributable to noncontrolling interest | 0 | 0 |
Comprehensive income attributable to Willis Towers Watson | 334 | 232 |
The Issuer | Reportable Legal Entities | ||
Revenues | ||
Commissions and fees | 6 | 7 |
Interest and other income | 0 | 0 |
Total revenues | 6 | 7 |
Costs of providing services | ||
Salaries and benefits | 10 | 14 |
Other operating expenses | 10 | 58 |
Depreciation | 0 | 4 |
Amortization | 0 | 0 |
Restructuring costs | 3 | 9 |
Integration expenses | 3 | 6 |
Total costs of providing services | 26 | 91 |
Income from operations | (20) | (84) |
Income from Group undertakings | (73) | (54) |
Expenses due to Group undertakings | 46 | 43 |
Interest expense | 10 | 10 |
Other expense, net | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | (3) | (83) |
Provision for income taxes | (2) | (28) |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | (1) | (55) |
Interest in earnings of associates, net of tax | 0 | 0 |
Equity account for subsidiaries | 175 | 14 |
NET INCOME | 174 | (41) |
Income attributable to noncontrolling interests | 0 | 0 |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 174 | (41) |
Comprehensive income before noncontrolling interests | 147 | (58) |
Comprehensive income attributable to noncontrolling interest | 0 | 0 |
Comprehensive income attributable to Willis Towers Watson | 147 | (58) |
Other | Reportable Legal Entities | ||
Revenues | ||
Commissions and fees | 2,297 | 2,212 |
Interest and other income | 16 | 15 |
Total revenues | 2,313 | 2,227 |
Costs of providing services | ||
Salaries and benefits | 1,180 | 1,182 |
Other operating expenses | 383 | 337 |
Depreciation | 45 | 38 |
Amortization | 151 | 161 |
Restructuring costs | 20 | 12 |
Integration expenses | 36 | 33 |
Total costs of providing services | 1,815 | 1,763 |
Income from operations | 498 | 464 |
Income from Group undertakings | (58) | (30) |
Expenses due to Group undertakings | 174 | 148 |
Interest expense | 5 | 8 |
Other expense, net | 20 | 17 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 357 | 321 |
Provision for income taxes | 44 | 59 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 313 | 262 |
Interest in earnings of associates, net of tax | 1 | 1 |
Equity account for subsidiaries | 0 | 0 |
NET INCOME | 314 | 263 |
Income attributable to noncontrolling interests | (8) | (7) |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 306 | 256 |
Comprehensive income before noncontrolling interests | 286 | 241 |
Comprehensive income attributable to noncontrolling interest | (11) | (9) |
Comprehensive income attributable to Willis Towers Watson | $ 275 | $ 232 |
X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of income (loss) of subsidiary attributable to the parent entity. No definition available.
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after sales adjustments, returns, allowances, and discounts, of revenue classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs and Expenses, Group Undertakings No definition available.
|
X | ||||||||||
- Definition Revenue From Group Undertakings No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Financial Information for Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Unaudited Condensed Consolidated Balance Sheet (Details) - USD ($) $ in Millions |
Mar. 31, 2017 |
Dec. 31, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash and cash equivalents | $ 901 | $ 870 | $ 954 | $ 532 | ||
Fiduciary assets | 12,266 | 10,505 | ||||
Accounts receivable, net | 2,307 | 2,080 | ||||
Prepaid and other current assets | 321 | 337 | ||||
Amounts due from group undertakings | 0 | 0 | ||||
Total current assets | 15,795 | 13,792 | ||||
Investments in subsidiaries | 0 | 0 | ||||
Fixed assets, net | 863 | 839 | ||||
Goodwill | 10,442 | 10,413 | ||||
Other intangible assets, net | 4,245 | 4,368 | ||||
Pension benefits assets | 536 | 488 | ||||
Other non-current assets | 351 | 353 | ||||
Non-current amounts due from group undertakings | 0 | 0 | ||||
Total non-current assets | 16,437 | 16,461 | ||||
TOTAL ASSETS | 32,232 | 30,253 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 12,266 | 10,505 | ||||
Deferred revenue and accrued expenses | 1,203 | 1,481 | ||||
Short-term debt and current portion of long-term debt | 120 | 508 | ||||
Other current liabilities | 996 | 876 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total current liabilities | 14,585 | 13,370 | ||||
Long-term debt | 3,975 | 3,357 | ||||
Liability for pension benefits | 1,286 | 1,321 | ||||
Deferred tax liabilities | 799 | 864 | ||||
Provision for liabilities | 618 | 575 | ||||
Other non-current liabilities | 512 | 532 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total non-current liabilities | 7,190 | 6,649 | ||||
TOTAL LIABILITIES | 21,775 | 20,019 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 53 | 51 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | [1] | 10,278 | 10,065 | |||
Noncontrolling interests | 126 | 118 | ||||
Total equity | 10,404 | 10,183 | 11,304 | 2,360 | ||
TOTAL LIABILITIES AND EQUITY | 32,232 | 30,253 | ||||
Consolidating adjustments | Parent Guarantor | ||||||
ASSETS | ||||||
Cash and cash equivalents | 0 | 0 | 0 | 0 | ||
Fiduciary assets | 0 | 0 | ||||
Accounts receivable, net | 0 | 0 | ||||
Prepaid and other current assets | (40) | (59) | ||||
Amounts due from group undertakings | (12,387) | (12,495) | ||||
Total current assets | (12,427) | (12,554) | ||||
Investments in subsidiaries | (18,041) | (16,622) | ||||
Fixed assets, net | 0 | 0 | ||||
Goodwill | 0 | 0 | ||||
Other intangible assets, net | (64) | (64) | ||||
Pension benefits assets | 0 | 0 | ||||
Other non-current assets | (225) | (47) | ||||
Non-current amounts due from group undertakings | (5,948) | (5,491) | ||||
Total non-current assets | (24,278) | (22,224) | ||||
TOTAL ASSETS | (36,705) | (34,778) | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 0 | 0 | ||||
Deferred revenue and accrued expenses | (46) | (49) | ||||
Short-term debt and current portion of long-term debt | 0 | 0 | ||||
Other current liabilities | 17 | (2) | ||||
Amounts due to group undertakings | (12,387) | (12,495) | ||||
Total current liabilities | (12,416) | (12,546) | ||||
Long-term debt | 0 | 0 | ||||
Liability for pension benefits | 0 | 0 | ||||
Deferred tax liabilities | (219) | (149) | ||||
Provision for liabilities | 0 | 0 | ||||
Other non-current liabilities | (14) | (14) | ||||
Amounts due to group undertakings | (5,948) | (5,491) | ||||
Total non-current liabilities | (6,181) | (5,654) | ||||
TOTAL LIABILITIES | (18,597) | (18,200) | ||||
REDEEMABLE NONCONTROLLING INTEREST | 0 | 0 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | (18,108) | (16,578) | ||||
Noncontrolling interests | 0 | 0 | ||||
Total equity | (18,108) | (16,578) | ||||
TOTAL LIABILITIES AND EQUITY | (36,705) | (34,778) | ||||
Willis Towers Watson | Reportable Legal Entities | ||||||
ASSETS | ||||||
Cash and cash equivalents | 0 | 0 | 2 | 3 | ||
Fiduciary assets | 0 | 0 | ||||
Accounts receivable, net | 0 | 0 | ||||
Prepaid and other current assets | 1 | 0 | ||||
Amounts due from group undertakings | 6,098 | 7,229 | ||||
Total current assets | 6,099 | 7,229 | ||||
Investments in subsidiaries | 4,753 | 3,409 | ||||
Fixed assets, net | 0 | 0 | ||||
Goodwill | 1 | 0 | ||||
Other intangible assets, net | 0 | 0 | ||||
Pension benefits assets | 0 | 0 | ||||
Other non-current assets | 0 | 0 | ||||
Non-current amounts due from group undertakings | 0 | 0 | ||||
Total non-current assets | 4,754 | 3,409 | ||||
TOTAL ASSETS | 10,853 | 10,638 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 0 | 0 | ||||
Deferred revenue and accrued expenses | 0 | 0 | ||||
Short-term debt and current portion of long-term debt | 0 | 0 | ||||
Other current liabilities | 79 | 77 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total current liabilities | 79 | 77 | ||||
Long-term debt | 496 | 496 | ||||
Liability for pension benefits | 0 | 0 | ||||
Deferred tax liabilities | 0 | 0 | ||||
Provision for liabilities | 0 | 0 | ||||
Other non-current liabilities | 0 | 0 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total non-current liabilities | 496 | 496 | ||||
TOTAL LIABILITIES | 575 | 573 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 0 | 0 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | 10,278 | 10,065 | ||||
Noncontrolling interests | 0 | 0 | ||||
Total equity | 10,278 | 10,065 | ||||
TOTAL LIABILITIES AND EQUITY | 10,853 | 10,638 | ||||
The Other Guarantors | Reportable Legal Entities | ||||||
ASSETS | ||||||
Cash and cash equivalents | 1 | 0 | 0 | 2 | ||
Fiduciary assets | 0 | 0 | ||||
Accounts receivable, net | 0 | 0 | ||||
Prepaid and other current assets | 43 | 49 | ||||
Amounts due from group undertakings | 2,242 | 1,706 | ||||
Total current assets | 2,286 | 1,755 | ||||
Investments in subsidiaries | 7,992 | 7,733 | ||||
Fixed assets, net | 35 | 34 | ||||
Goodwill | 0 | 0 | ||||
Other intangible assets, net | 64 | 64 | ||||
Pension benefits assets | 0 | 0 | ||||
Other non-current assets | 12 | 10 | ||||
Non-current amounts due from group undertakings | 5,100 | 4,655 | ||||
Total non-current assets | 13,203 | 12,496 | ||||
TOTAL ASSETS | 15,489 | 14,251 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 0 | 0 | ||||
Deferred revenue and accrued expenses | 4 | 15 | ||||
Short-term debt and current portion of long-term debt | 0 | 22 | ||||
Other current liabilities | 70 | 94 | ||||
Amounts due to group undertakings | 7,721 | 8,323 | ||||
Total current liabilities | 7,795 | 8,454 | ||||
Long-term debt | 3,145 | 2,506 | ||||
Liability for pension benefits | 0 | 0 | ||||
Deferred tax liabilities | 0 | 0 | ||||
Provision for liabilities | 0 | 0 | ||||
Other non-current liabilities | 32 | 48 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total non-current liabilities | 3,177 | 2,554 | ||||
TOTAL LIABILITIES | 10,972 | 11,008 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 0 | 0 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | 4,517 | 3,243 | ||||
Noncontrolling interests | 0 | 0 | ||||
Total equity | 4,517 | 3,243 | ||||
TOTAL LIABILITIES AND EQUITY | 15,489 | 14,251 | ||||
The Issuer | Reportable Legal Entities | ||||||
ASSETS | ||||||
Cash and cash equivalents | 0 | 0 | 0 | 0 | ||
Fiduciary assets | 0 | 0 | ||||
Accounts receivable, net | 3 | 7 | ||||
Prepaid and other current assets | 82 | 23 | ||||
Amounts due from group undertakings | 1,231 | 1,190 | ||||
Total current assets | 1,316 | 1,220 | ||||
Investments in subsidiaries | 5,296 | 5,480 | ||||
Fixed assets, net | 0 | 0 | ||||
Goodwill | 0 | 0 | ||||
Other intangible assets, net | 0 | 0 | ||||
Pension benefits assets | 0 | 0 | ||||
Other non-current assets | 259 | 80 | ||||
Non-current amounts due from group undertakings | 848 | 836 | ||||
Total non-current assets | 6,403 | 6,396 | ||||
TOTAL ASSETS | 7,719 | 7,616 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 0 | 0 | ||||
Deferred revenue and accrued expenses | 17 | 27 | ||||
Short-term debt and current portion of long-term debt | 0 | 394 | ||||
Other current liabilities | 18 | 23 | ||||
Amounts due to group undertakings | 2,517 | 2,075 | ||||
Total current liabilities | 2,552 | 2,519 | ||||
Long-term debt | 186 | 186 | ||||
Liability for pension benefits | 0 | 0 | ||||
Deferred tax liabilities | 0 | 0 | ||||
Provision for liabilities | 120 | 120 | ||||
Other non-current liabilities | 15 | 15 | ||||
Amounts due to group undertakings | 518 | 518 | ||||
Total non-current liabilities | 839 | 839 | ||||
TOTAL LIABILITIES | 3,391 | 3,358 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 0 | 0 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | 4,328 | 4,258 | ||||
Noncontrolling interests | 0 | 0 | ||||
Total equity | 4,328 | 4,258 | ||||
TOTAL LIABILITIES AND EQUITY | 7,719 | 7,616 | ||||
Other | Reportable Legal Entities | ||||||
ASSETS | ||||||
Cash and cash equivalents | 900 | 870 | $ 952 | $ 527 | ||
Fiduciary assets | 12,266 | 10,505 | ||||
Accounts receivable, net | 2,304 | 2,073 | ||||
Prepaid and other current assets | 235 | 324 | ||||
Amounts due from group undertakings | 2,816 | 2,370 | ||||
Total current assets | 18,521 | 16,142 | ||||
Investments in subsidiaries | 0 | 0 | ||||
Fixed assets, net | 828 | 805 | ||||
Goodwill | 10,441 | 10,413 | ||||
Other intangible assets, net | 4,245 | 4,368 | ||||
Pension benefits assets | 536 | 488 | ||||
Other non-current assets | 305 | 310 | ||||
Non-current amounts due from group undertakings | 0 | 0 | ||||
Total non-current assets | 16,355 | 16,384 | ||||
TOTAL ASSETS | 34,876 | 32,526 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 12,266 | 10,505 | ||||
Deferred revenue and accrued expenses | 1,228 | 1,488 | ||||
Short-term debt and current portion of long-term debt | 120 | 92 | ||||
Other current liabilities | 812 | 684 | ||||
Amounts due to group undertakings | 2,149 | 2,097 | ||||
Total current liabilities | 16,575 | 14,866 | ||||
Long-term debt | 148 | 169 | ||||
Liability for pension benefits | 1,286 | 1,321 | ||||
Deferred tax liabilities | 1,018 | 1,013 | ||||
Provision for liabilities | 498 | 455 | ||||
Other non-current liabilities | 479 | 483 | ||||
Amounts due to group undertakings | 5,430 | 4,973 | ||||
Total non-current liabilities | 8,859 | 8,414 | ||||
TOTAL LIABILITIES | 25,434 | 23,280 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 53 | 51 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | 9,263 | 9,077 | ||||
Noncontrolling interests | 126 | 118 | ||||
Total equity | 9,389 | 9,195 | ||||
TOTAL LIABILITIES AND EQUITY | $ 34,876 | $ 32,526 | ||||
|
X | ||||||||||
- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount for overfunded plans recognized in the balance sheet as a noncurrent asset associated with a defined benefit pension plan or other postretirement defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount of estimated litigation liability for known or estimated probable loss from litigation, which may include attorneys' fees and other litigation costs, which is expected to be paid after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Deferred Revenue and Accrued Liabilities, Current No definition available.
|
X | ||||||||||
- Definition Due from Group Undertakings, Current No definition available.
|
X | ||||||||||
- Definition Due from Group Undertakings, Noncurrent No definition available.
|
X | ||||||||||
- Definition Due to Group Undertaking, Noncurrent No definition available.
|
X | ||||||||||
- Definition Due to Group Undertakings, Current No definition available.
|
X | ||||||||||
- Definition Fiduciary Assets, Current No definition available.
|
X | ||||||||||
- Definition Fiduciary Liabilities, Current No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Financial Information for Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Unaudited Condensed Consolidated Statement of Cash Flows (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | $ 95 | $ 119 |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | (62) | (48) |
Capitalized software costs | (15) | (18) |
Acquisitions of operations, net of cash acquired | (12) | 469 |
Other, net | 7 | 14 |
Proceeds from intercompany investing activities | 0 | 0 |
Repayments of intercompany investing activities | 0 | 0 |
Reduction in investment in subsidiaries | 0 | 0 |
Additional investment in subsidiaries | 0 | 0 |
Net cash (used in)/from investing activities | (82) | 417 |
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 826 | (338) |
Senior notes issued | 0 | 997 |
Proceeds from issue of other debt | 32 | 400 |
Debt issuance costs | (3) | 0 |
Repayments of debt | (636) | (1,181) |
Repurchase of shares | (156) | 0 |
Proceeds from issuance of shares | 20 | 11 |
Cash paid for employee taxes on withholding shares | (3) | (1) |
Dividends paid | (65) | 0 |
Acquisitions of and dividends paid to noncontrolling interests | (1) | (4) |
Proceeds from intercompany financing activities | 0 | 0 |
Repayments of intercompany financing activities | 0 | 0 |
Net cash provided by (used in) financing activities | 14 | (116) |
INCREASE IN CASH AND CASH EQUIVALENTS | 27 | 420 |
Effect of exchange rate changes on cash and cash equivalents | 4 | 2 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 870 | 532 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 901 | 954 |
Consolidating adjustments | Parent Guarantor | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | (117) | 0 |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | 0 | 0 |
Capitalized software costs | 0 | 0 |
Acquisitions of operations, net of cash acquired | 0 | 0 |
Other, net | 0 | 0 |
Proceeds from intercompany investing activities | (1,136) | (9) |
Repayments of intercompany investing activities | 2,486 | 9,095 |
Reduction in investment in subsidiaries | (1,059) | (8,200) |
Additional investment in subsidiaries | 1,059 | 8,200 |
Net cash (used in)/from investing activities | 1,350 | 9,086 |
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 0 | 0 |
Senior notes issued | 0 | |
Proceeds from issue of other debt | 0 | 0 |
Debt issuance costs | 0 | |
Repayments of debt | 0 | 0 |
Repurchase of shares | 0 | |
Proceeds from issuance of shares | 0 | 0 |
Cash paid for employee taxes on withholding shares | 0 | |
Dividends paid | 117 | |
Acquisitions of and dividends paid to noncontrolling interests | 0 | 0 |
Proceeds from intercompany financing activities | (2,486) | (9,095) |
Repayments of intercompany financing activities | 1,136 | 9 |
Net cash provided by (used in) financing activities | (1,233) | (9,086) |
INCREASE IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0 | 0 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 0 | 0 |
Willis Towers Watson | Reportable Legal Entities | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | 79 | (4) |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | 0 | 0 |
Capitalized software costs | 0 | 0 |
Acquisitions of operations, net of cash acquired | 0 | 0 |
Other, net | 0 | 0 |
Proceeds from intercompany investing activities | 1,122 | 0 |
Repayments of intercompany investing activities | 0 | (4,308) |
Reduction in investment in subsidiaries | 0 | 4,600 |
Additional investment in subsidiaries | (1,000) | 0 |
Net cash (used in)/from investing activities | 122 | 292 |
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 0 | 0 |
Senior notes issued | 0 | |
Proceeds from issue of other debt | 0 | 0 |
Debt issuance costs | 0 | |
Repayments of debt | 0 | (300) |
Repurchase of shares | (156) | |
Proceeds from issuance of shares | 20 | 11 |
Cash paid for employee taxes on withholding shares | 0 | |
Dividends paid | (65) | |
Acquisitions of and dividends paid to noncontrolling interests | 0 | 0 |
Proceeds from intercompany financing activities | 0 | 0 |
Repayments of intercompany financing activities | 0 | 0 |
Net cash provided by (used in) financing activities | (201) | (289) |
INCREASE IN CASH AND CASH EQUIVALENTS | 0 | (1) |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0 | 3 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 0 | 2 |
The Other Guarantors | Reportable Legal Entities | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | (158) | (47) |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | (2) | (5) |
Capitalized software costs | 0 | 0 |
Acquisitions of operations, net of cash acquired | 0 | 0 |
Other, net | 0 | 0 |
Proceeds from intercompany investing activities | 0 | 0 |
Repayments of intercompany investing activities | (1,379) | (4,227) |
Reduction in investment in subsidiaries | 1,000 | 3,600 |
Additional investment in subsidiaries | (59) | (4,600) |
Net cash (used in)/from investing activities | (440) | (5,232) |
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 826 | (338) |
Senior notes issued | 997 | |
Proceeds from issue of other debt | 0 | 400 |
Debt issuance costs | (3) | |
Repayments of debt | (219) | (406) |
Repurchase of shares | 0 | |
Proceeds from issuance of shares | 0 | 0 |
Cash paid for employee taxes on withholding shares | 0 | |
Dividends paid | 0 | |
Acquisitions of and dividends paid to noncontrolling interests | 0 | 0 |
Proceeds from intercompany financing activities | 1,018 | 4,633 |
Repayments of intercompany financing activities | (1,023) | (9) |
Net cash provided by (used in) financing activities | 599 | 5,277 |
INCREASE IN CASH AND CASH EQUIVALENTS | 1 | (2) |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0 | 2 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 1 | 0 |
The Issuer | Reportable Legal Entities | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | (31) | (191) |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | 0 | (4) |
Capitalized software costs | 0 | 0 |
Acquisitions of operations, net of cash acquired | 0 | 0 |
Other, net | 0 | 0 |
Proceeds from intercompany investing activities | 0 | 0 |
Repayments of intercompany investing activities | 0 | 0 |
Reduction in investment in subsidiaries | 0 | 0 |
Additional investment in subsidiaries | 0 | 0 |
Net cash (used in)/from investing activities | 0 | (4) |
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 0 | 0 |
Senior notes issued | 0 | |
Proceeds from issue of other debt | 0 | 0 |
Debt issuance costs | 0 | |
Repayments of debt | (394) | 0 |
Repurchase of shares | 0 | |
Proceeds from issuance of shares | 0 | 0 |
Cash paid for employee taxes on withholding shares | 0 | |
Dividends paid | (59) | |
Acquisitions of and dividends paid to noncontrolling interests | 0 | 0 |
Proceeds from intercompany financing activities | 484 | 195 |
Repayments of intercompany financing activities | 0 | 0 |
Net cash provided by (used in) financing activities | 31 | 195 |
INCREASE IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0 | 0 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 0 | 0 |
Other | Reportable Legal Entities | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | 322 | 361 |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | (60) | (39) |
Capitalized software costs | (15) | (18) |
Acquisitions of operations, net of cash acquired | (12) | 469 |
Other, net | 7 | 14 |
Proceeds from intercompany investing activities | 14 | 9 |
Repayments of intercompany investing activities | (1,107) | (560) |
Reduction in investment in subsidiaries | 59 | 0 |
Additional investment in subsidiaries | 0 | (3,600) |
Net cash (used in)/from investing activities | (1,114) | (3,725) |
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 0 | 0 |
Senior notes issued | 0 | |
Proceeds from issue of other debt | 32 | 0 |
Debt issuance costs | 0 | |
Repayments of debt | (23) | (475) |
Repurchase of shares | 0 | |
Proceeds from issuance of shares | 0 | 0 |
Cash paid for employee taxes on withholding shares | (3) | (1) |
Dividends paid | (58) | |
Acquisitions of and dividends paid to noncontrolling interests | (1) | (4) |
Proceeds from intercompany financing activities | 984 | 4,267 |
Repayments of intercompany financing activities | (113) | 0 |
Net cash provided by (used in) financing activities | 818 | 3,787 |
INCREASE IN CASH AND CASH EQUIVALENTS | 26 | 423 |
Effect of exchange rate changes on cash and cash equivalents | 4 | 2 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 870 | 527 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 900 | $ 952 |
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash (inflow) outflow from investing activities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the development or modification of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow from issuance of long-term debt classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from (to) a noncontrolling interest. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Decrease in Investment in Subsidiaries No definition available.
|
X | ||||||||||
- Definition Increase in Investment in Subsidiaries No definition available.
|
X | ||||||||||
- Definition Proceeds from Intercompany Financing Activities No definition available.
|
X | ||||||||||
- Definition Proceeds from Intercompany Investing Activities No definition available.
|
X | ||||||||||
- Definition Repayments of Intercompany Financing Activities No definition available.
|
X | ||||||||||
- Definition Repayments of Intercompany Investing Activities No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Financial Information for Parent Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Narrative (Details) - USD ($) |
Mar. 15, 2016 |
Mar. 31, 2017 |
Mar. 17, 2011 |
---|---|---|---|
Senior Notes | 5.750% senior notes due 2021 | |||
Debt Instrument [Line Items] | |||
Face amount of note | $ 800,000,000 | ||
Repayments of debt | $ 300,000,000 | ||
Long-term debt | $ 500,000,000 | ||
The Guarantors | |||
Debt Instrument [Line Items] | |||
Subsidiary, ownership percentage by parent | 100.00% |
X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
X | ||||||||||
- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Financial Information for Parent Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Unaudited Condensed Consolidated Statement of Comprehensive Income (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Revenues | ||
Commissions and fees | $ 2,303 | $ 2,219 |
Interest and other income | 16 | 15 |
Total revenues | 2,319 | 2,234 |
Costs of providing services | ||
Salaries and benefits | 1,191 | 1,196 |
Other operating expenses | 401 | 431 |
Depreciation | 46 | 43 |
Amortization | 151 | 161 |
Restructuring costs | 27 | 25 |
Integration expenses | 40 | 52 |
Total costs of providing services | 1,856 | 1,908 |
Income from operations | 463 | 326 |
Income from Group undertakings | 0 | 0 |
Expenses due to Group undertakings | 0 | 0 |
Interest expense | 46 | 46 |
Other expense, net | 20 | 18 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 397 | 262 |
Provision for income taxes | 46 | 18 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 351 | 244 |
Interest in earnings of associates, net of tax | 1 | 1 |
Equity account for subsidiaries | 0 | 0 |
NET INCOME | 352 | 245 |
Income attributable to noncontrolling interests | (8) | (7) |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 344 | 238 |
Comprehensive income before noncontrolling interests | 331 | 231 |
Comprehensive income attributable to noncontrolling interest | (11) | (9) |
Comprehensive income attributable to Willis Towers Watson | 320 | 222 |
Consolidating adjustments | Parent Issuer | ||
Revenues | ||
Commissions and fees | 0 | 0 |
Interest and other income | 0 | 0 |
Total revenues | 0 | 0 |
Costs of providing services | ||
Salaries and benefits | 0 | 0 |
Other operating expenses | 0 | 0 |
Depreciation | 0 | 0 |
Amortization | 0 | 0 |
Restructuring costs | 0 | 0 |
Integration expenses | 0 | 0 |
Total costs of providing services | 0 | 0 |
Income from operations | 0 | 0 |
Income from Group undertakings | 232 | 177 |
Expenses due to Group undertakings | (232) | (177) |
Interest expense | 0 | 0 |
Other expense, net | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 0 | 0 |
Provision for income taxes | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 0 | 0 |
Interest in earnings of associates, net of tax | 0 | 0 |
Equity account for subsidiaries | (665) | (506) |
NET INCOME | (665) | (506) |
Income attributable to noncontrolling interests | 0 | 0 |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | (665) | (506) |
Comprehensive income before noncontrolling interests | (609) | (464) |
Comprehensive income attributable to noncontrolling interest | 0 | 0 |
Comprehensive income attributable to Willis Towers Watson | (609) | (464) |
Willis Towers Watson — the Parent Issuer | Reportable Legal Entities | ||
Revenues | ||
Commissions and fees | 0 | 0 |
Interest and other income | 0 | 0 |
Total revenues | 0 | 0 |
Costs of providing services | ||
Salaries and benefits | 1 | 0 |
Other operating expenses | 1 | 1 |
Depreciation | 0 | 0 |
Amortization | 0 | 0 |
Restructuring costs | 0 | 0 |
Integration expenses | 0 | 1 |
Total costs of providing services | 2 | 2 |
Income from operations | (2) | (2) |
Income from Group undertakings | 0 | 0 |
Expenses due to Group undertakings | 0 | 0 |
Interest expense | 7 | 11 |
Other expense, net | 0 | 1 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | (9) | (14) |
Provision for income taxes | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | (9) | (14) |
Interest in earnings of associates, net of tax | 0 | 0 |
Equity account for subsidiaries | 353 | 252 |
NET INCOME | 344 | 238 |
Income attributable to noncontrolling interests | 0 | 0 |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 344 | 238 |
Comprehensive income before noncontrolling interests | 320 | 222 |
Comprehensive income attributable to noncontrolling interest | 0 | 0 |
Comprehensive income attributable to Willis Towers Watson | 320 | 222 |
The Guarantors | Reportable Legal Entities | ||
Revenues | ||
Commissions and fees | 6 | 7 |
Interest and other income | 0 | 0 |
Total revenues | 6 | 7 |
Costs of providing services | ||
Salaries and benefits | 10 | 14 |
Other operating expenses | 17 | 93 |
Depreciation | 1 | 5 |
Amortization | 0 | 0 |
Restructuring costs | 7 | 13 |
Integration expenses | 4 | 18 |
Total costs of providing services | 39 | 143 |
Income from operations | (33) | (136) |
Income from Group undertakings | (174) | (147) |
Expenses due to Group undertakings | 58 | 29 |
Interest expense | 34 | 27 |
Other expense, net | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 49 | (45) |
Provision for income taxes | 2 | (41) |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 47 | (4) |
Interest in earnings of associates, net of tax | 0 | 0 |
Equity account for subsidiaries | 312 | 254 |
NET INCOME | 359 | 250 |
Income attributable to noncontrolling interests | 0 | 0 |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 359 | 250 |
Comprehensive income before noncontrolling interests | 334 | 232 |
Comprehensive income attributable to noncontrolling interest | 0 | 0 |
Comprehensive income attributable to Willis Towers Watson | 334 | 232 |
Other | Reportable Legal Entities | ||
Revenues | ||
Commissions and fees | 2,297 | 2,212 |
Interest and other income | 16 | 15 |
Total revenues | 2,313 | 2,227 |
Costs of providing services | ||
Salaries and benefits | 1,180 | 1,182 |
Other operating expenses | 383 | 337 |
Depreciation | 45 | 38 |
Amortization | 151 | 161 |
Restructuring costs | 20 | 12 |
Integration expenses | 36 | 33 |
Total costs of providing services | 1,815 | 1,763 |
Income from operations | 498 | 464 |
Income from Group undertakings | (58) | (30) |
Expenses due to Group undertakings | 174 | 148 |
Interest expense | 5 | 8 |
Other expense, net | 20 | 17 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 357 | 321 |
Provision for income taxes | 44 | 59 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 313 | 262 |
Interest in earnings of associates, net of tax | 1 | 1 |
Equity account for subsidiaries | 0 | 0 |
NET INCOME | 314 | 263 |
Income attributable to noncontrolling interests | (8) | (7) |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 306 | 256 |
Comprehensive income before noncontrolling interests | 286 | 241 |
Comprehensive income attributable to noncontrolling interest | (11) | (9) |
Comprehensive income attributable to Willis Towers Watson | $ 275 | $ 232 |
X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of income (loss) of subsidiary attributable to the parent entity. No definition available.
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after sales adjustments, returns, allowances, and discounts, of revenue classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs and Expenses, Group Undertakings No definition available.
|
X | ||||||||||
- Definition Revenue From Group Undertakings No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Financial Information for Parent Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Unaudited Condensed Consolidated Balance Sheet (Details) - USD ($) $ in Millions |
Mar. 31, 2017 |
Dec. 31, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash and cash equivalents | $ 901 | $ 870 | $ 954 | $ 532 | ||
Fiduciary assets | 12,266 | 10,505 | ||||
Accounts receivable, net | 2,307 | 2,080 | ||||
Prepaid and other current assets | 321 | 337 | ||||
Amounts due from group undertakings | 0 | 0 | ||||
Total current assets | 15,795 | 13,792 | ||||
Investments in subsidiaries | 0 | 0 | ||||
Fixed assets, net | 863 | 839 | ||||
Goodwill | 10,442 | 10,413 | ||||
Other intangible assets, net | 4,245 | 4,368 | ||||
Pension benefits assets | 536 | 488 | ||||
Other non-current assets | 351 | 353 | ||||
Non-current amounts due from group undertakings | 0 | 0 | ||||
Total non-current assets | 16,437 | 16,461 | ||||
TOTAL ASSETS | 32,232 | 30,253 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 12,266 | 10,505 | ||||
Deferred revenue and accrued expenses | 1,203 | 1,481 | ||||
Short-term debt and current portion of long-term debt | 120 | 508 | ||||
Other current liabilities | 996 | 876 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total current liabilities | 14,585 | 13,370 | ||||
Long-term debt | 3,975 | 3,357 | ||||
Liability for pension benefits | 1,286 | 1,321 | ||||
Deferred tax liabilities | 799 | 864 | ||||
Provision for liabilities | 618 | 575 | ||||
Other non-current liabilities | 512 | 532 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total non-current liabilities | 7,190 | 6,649 | ||||
TOTAL LIABILITIES | 21,775 | 20,019 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 53 | 51 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | [1] | 10,278 | 10,065 | |||
Noncontrolling interests | 126 | 118 | ||||
Total equity | 10,404 | 10,183 | 11,304 | 2,360 | ||
TOTAL LIABILITIES AND EQUITY | 32,232 | 30,253 | ||||
Consolidating adjustments | Parent Issuer | ||||||
ASSETS | ||||||
Cash and cash equivalents | 0 | 0 | 0 | 0 | ||
Fiduciary assets | 0 | 0 | ||||
Accounts receivable, net | 0 | 0 | ||||
Prepaid and other current assets | (40) | (59) | ||||
Amounts due from group undertakings | (10,732) | (11,247) | ||||
Total current assets | (10,772) | (11,306) | ||||
Investments in subsidiaries | (13,713) | (12,364) | ||||
Fixed assets, net | 0 | 0 | ||||
Goodwill | 0 | 0 | ||||
Other intangible assets, net | (64) | (64) | ||||
Pension benefits assets | 0 | 0 | ||||
Other non-current assets | (225) | (47) | ||||
Non-current amounts due from group undertakings | (5,430) | (4,973) | ||||
Total non-current assets | (19,432) | (17,448) | ||||
TOTAL ASSETS | (30,204) | (28,754) | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 0 | 0 | ||||
Deferred revenue and accrued expenses | (46) | (49) | ||||
Short-term debt and current portion of long-term debt | 0 | 0 | ||||
Other current liabilities | 17 | (2) | ||||
Amounts due to group undertakings | (10,732) | (11,247) | ||||
Total current liabilities | (10,761) | (11,298) | ||||
Long-term debt | 0 | 0 | ||||
Liability for pension benefits | 0 | 0 | ||||
Deferred tax liabilities | (219) | (149) | ||||
Provision for liabilities | 0 | 0 | ||||
Other non-current liabilities | (14) | (14) | ||||
Amounts due to group undertakings | (5,430) | (4,973) | ||||
Total non-current liabilities | (5,663) | (5,136) | ||||
TOTAL LIABILITIES | (16,424) | (16,434) | ||||
REDEEMABLE NONCONTROLLING INTEREST | 0 | 0 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | (13,780) | (12,320) | ||||
Noncontrolling interests | 0 | 0 | ||||
Total equity | (13,780) | (12,320) | ||||
TOTAL LIABILITIES AND EQUITY | (30,204) | (28,754) | ||||
Willis Towers Watson — the Parent Issuer | Reportable Legal Entities | ||||||
ASSETS | ||||||
Cash and cash equivalents | 0 | 0 | 2 | 3 | ||
Fiduciary assets | 0 | 0 | ||||
Accounts receivable, net | 0 | 0 | ||||
Prepaid and other current assets | 1 | 0 | ||||
Amounts due from group undertakings | 6,098 | 7,229 | ||||
Total current assets | 6,099 | 7,229 | ||||
Investments in subsidiaries | 4,753 | 3,409 | ||||
Fixed assets, net | 0 | 0 | ||||
Goodwill | 1 | 0 | ||||
Other intangible assets, net | 0 | 0 | ||||
Pension benefits assets | 0 | 0 | ||||
Other non-current assets | 0 | 0 | ||||
Non-current amounts due from group undertakings | 0 | 0 | ||||
Total non-current assets | 4,754 | 3,409 | ||||
TOTAL ASSETS | 10,853 | 10,638 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 0 | 0 | ||||
Deferred revenue and accrued expenses | 0 | 0 | ||||
Short-term debt and current portion of long-term debt | 0 | 0 | ||||
Other current liabilities | 79 | 77 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total current liabilities | 79 | 77 | ||||
Long-term debt | 496 | 496 | ||||
Liability for pension benefits | 0 | 0 | ||||
Deferred tax liabilities | 0 | 0 | ||||
Provision for liabilities | 0 | 0 | ||||
Other non-current liabilities | 0 | 0 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total non-current liabilities | 496 | 496 | ||||
TOTAL LIABILITIES | 575 | 573 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 0 | 0 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | 10,278 | 10,065 | ||||
Noncontrolling interests | 0 | 0 | ||||
Total equity | 10,278 | 10,065 | ||||
TOTAL LIABILITIES AND EQUITY | 10,853 | 10,638 | ||||
The Guarantors | Reportable Legal Entities | ||||||
ASSETS | ||||||
Cash and cash equivalents | 1 | 0 | 0 | 2 | ||
Fiduciary assets | 0 | 0 | ||||
Accounts receivable, net | 3 | 7 | ||||
Prepaid and other current assets | 125 | 72 | ||||
Amounts due from group undertakings | 1,818 | 1,648 | ||||
Total current assets | 1,947 | 1,727 | ||||
Investments in subsidiaries | 8,960 | 8,955 | ||||
Fixed assets, net | 35 | 34 | ||||
Goodwill | 0 | 0 | ||||
Other intangible assets, net | 64 | 64 | ||||
Pension benefits assets | 0 | 0 | ||||
Other non-current assets | 271 | 90 | ||||
Non-current amounts due from group undertakings | 5,430 | 4,973 | ||||
Total non-current assets | 14,760 | 14,116 | ||||
TOTAL ASSETS | 16,707 | 15,843 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 0 | 0 | ||||
Deferred revenue and accrued expenses | 21 | 42 | ||||
Short-term debt and current portion of long-term debt | 0 | 416 | ||||
Other current liabilities | 88 | 117 | ||||
Amounts due to group undertakings | 8,583 | 9,150 | ||||
Total current liabilities | 8,692 | 9,725 | ||||
Long-term debt | 3,331 | 2,692 | ||||
Liability for pension benefits | 0 | 0 | ||||
Deferred tax liabilities | 0 | 0 | ||||
Provision for liabilities | 120 | 120 | ||||
Other non-current liabilities | 47 | 63 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total non-current liabilities | 3,498 | 2,875 | ||||
TOTAL LIABILITIES | 12,190 | 12,600 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 0 | 0 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | 4,517 | 3,243 | ||||
Noncontrolling interests | 0 | 0 | ||||
Total equity | 4,517 | 3,243 | ||||
TOTAL LIABILITIES AND EQUITY | 16,707 | 15,843 | ||||
Other | Reportable Legal Entities | ||||||
ASSETS | ||||||
Cash and cash equivalents | 900 | 870 | $ 952 | $ 527 | ||
Fiduciary assets | 12,266 | 10,505 | ||||
Accounts receivable, net | 2,304 | 2,073 | ||||
Prepaid and other current assets | 235 | 324 | ||||
Amounts due from group undertakings | 2,816 | 2,370 | ||||
Total current assets | 18,521 | 16,142 | ||||
Investments in subsidiaries | 0 | 0 | ||||
Fixed assets, net | 828 | 805 | ||||
Goodwill | 10,441 | 10,413 | ||||
Other intangible assets, net | 4,245 | 4,368 | ||||
Pension benefits assets | 536 | 488 | ||||
Other non-current assets | 305 | 310 | ||||
Non-current amounts due from group undertakings | 0 | 0 | ||||
Total non-current assets | 16,355 | 16,384 | ||||
TOTAL ASSETS | 34,876 | 32,526 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 12,266 | 10,505 | ||||
Deferred revenue and accrued expenses | 1,228 | 1,488 | ||||
Short-term debt and current portion of long-term debt | 120 | 92 | ||||
Other current liabilities | 812 | 684 | ||||
Amounts due to group undertakings | 2,149 | 2,097 | ||||
Total current liabilities | 16,575 | 14,866 | ||||
Long-term debt | 148 | 169 | ||||
Liability for pension benefits | 1,286 | 1,321 | ||||
Deferred tax liabilities | 1,018 | 1,013 | ||||
Provision for liabilities | 498 | 455 | ||||
Other non-current liabilities | 479 | 483 | ||||
Amounts due to group undertakings | 5,430 | 4,973 | ||||
Total non-current liabilities | 8,859 | 8,414 | ||||
TOTAL LIABILITIES | 25,434 | 23,280 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 53 | 51 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | 9,263 | 9,077 | ||||
Noncontrolling interests | 126 | 118 | ||||
Total equity | 9,389 | 9,195 | ||||
TOTAL LIABILITIES AND EQUITY | $ 34,876 | $ 32,526 | ||||
|
X | ||||||||||
- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount for overfunded plans recognized in the balance sheet as a noncurrent asset associated with a defined benefit pension plan or other postretirement defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount of estimated litigation liability for known or estimated probable loss from litigation, which may include attorneys' fees and other litigation costs, which is expected to be paid after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Deferred Revenue and Accrued Liabilities, Current No definition available.
|
X | ||||||||||
- Definition Due from Group Undertakings, Current No definition available.
|
X | ||||||||||
- Definition Due from Group Undertakings, Noncurrent No definition available.
|
X | ||||||||||
- Definition Due to Group Undertaking, Noncurrent No definition available.
|
X | ||||||||||
- Definition Due to Group Undertakings, Current No definition available.
|
X | ||||||||||
- Definition Fiduciary Assets, Current No definition available.
|
X | ||||||||||
- Definition Fiduciary Liabilities, Current No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Financial Information for Parent Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Unaudited Condensed Consolidated Statement of Cash Flows (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | $ 95 | $ 119 |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | (62) | (48) |
Capitalized software costs | (15) | (18) |
Acquisitions of operations, net of cash acquired | (12) | 469 |
Other, net | 7 | 14 |
Proceeds from intercompany investing activities | 0 | 0 |
Repayments of intercompany investing activities | 0 | 0 |
Reduction in investment in subsidiaries | 0 | 0 |
Additional investment in subsidiaries | 0 | 0 |
Net cash (used in)/from investing activities | (82) | 417 |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 826 | (338) |
Senior notes issued | 0 | 997 |
Proceeds from issue of other debt | 32 | 400 |
Debt issuance costs | (3) | 0 |
Repayments of debt | (636) | (1,181) |
Repurchase of shares | (156) | 0 |
Proceeds from issuance of shares | 20 | 11 |
Cash paid for employee taxes on withholding shares | (3) | (1) |
Dividends paid | (65) | 0 |
Acquisitions of and dividends paid to noncontrolling interests | (1) | (4) |
Proceeds from intercompany financing activities | 0 | 0 |
Repayments of intercompany financing activities | 0 | 0 |
Net cash provided by (used in) financing activities | 14 | (116) |
INCREASE IN CASH AND CASH EQUIVALENTS | 27 | 420 |
Effect of exchange rate changes on cash and cash equivalents | 4 | 2 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 870 | 532 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 901 | 954 |
Consolidating adjustments | Parent Issuer | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | (58) | 0 |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | 0 | 0 |
Capitalized software costs | 0 | 0 |
Acquisitions of operations, net of cash acquired | 0 | 0 |
Other, net | 0 | 0 |
Proceeds from intercompany investing activities | (1,136) | (9) |
Repayments of intercompany investing activities | 2,092 | 9,095 |
Reduction in investment in subsidiaries | (1,059) | (8,200) |
Additional investment in subsidiaries | 1,059 | 8,200 |
Net cash (used in)/from investing activities | 956 | 9,086 |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 0 | 0 |
Senior notes issued | 0 | |
Proceeds from issue of other debt | 0 | 0 |
Repayments of debt | 0 | 0 |
Proceeds from issuance of shares | 0 | 0 |
Dividends paid | 58 | |
Acquisitions of and dividends paid to noncontrolling interests | 0 | 0 |
Proceeds from intercompany financing activities | (2,092) | (9,095) |
Repayments of intercompany financing activities | 1,136 | 9 |
Net cash provided by (used in) financing activities | (898) | (9,086) |
INCREASE IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0 | 0 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 0 | 0 |
Willis Towers Watson — the Parent Issuer | Reportable Legal Entities | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | 79 | (4) |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | 0 | 0 |
Capitalized software costs | 0 | 0 |
Acquisitions of operations, net of cash acquired | 0 | 0 |
Other, net | 0 | 0 |
Proceeds from intercompany investing activities | 1,122 | 0 |
Repayments of intercompany investing activities | 0 | (4,308) |
Reduction in investment in subsidiaries | 0 | 4,600 |
Additional investment in subsidiaries | (1,000) | 0 |
Net cash (used in)/from investing activities | 122 | 292 |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 0 | 0 |
Senior notes issued | 0 | |
Proceeds from issue of other debt | 0 | 0 |
Debt issuance costs | 0 | |
Repayments of debt | 0 | (300) |
Repurchase of shares | (156) | |
Proceeds from issuance of shares | 20 | 11 |
Cash paid for employee taxes on withholding shares | 0 | |
Dividends paid | (65) | |
Acquisitions of and dividends paid to noncontrolling interests | 0 | 0 |
Proceeds from intercompany financing activities | 0 | 0 |
Repayments of intercompany financing activities | 0 | 0 |
Net cash provided by (used in) financing activities | (201) | (289) |
INCREASE IN CASH AND CASH EQUIVALENTS | 0 | (1) |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0 | 3 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 0 | 2 |
The Guarantors | Reportable Legal Entities | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | (248) | (238) |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | (2) | (9) |
Capitalized software costs | 0 | 0 |
Acquisitions of operations, net of cash acquired | 0 | 0 |
Other, net | 0 | 0 |
Proceeds from intercompany investing activities | 0 | 0 |
Repayments of intercompany investing activities | (985) | (4,227) |
Reduction in investment in subsidiaries | 1,000 | 3,600 |
Additional investment in subsidiaries | (59) | (4,600) |
Net cash (used in)/from investing activities | (46) | (5,236) |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 826 | (338) |
Senior notes issued | 997 | |
Proceeds from issue of other debt | 0 | 400 |
Debt issuance costs | (3) | |
Repayments of debt | (613) | (406) |
Proceeds from issuance of shares | 0 | 0 |
Dividends paid | 0 | |
Acquisitions of and dividends paid to noncontrolling interests | 0 | 0 |
Proceeds from intercompany financing activities | 1,108 | 4,828 |
Repayments of intercompany financing activities | (1,023) | (9) |
Net cash provided by (used in) financing activities | 295 | 5,472 |
INCREASE IN CASH AND CASH EQUIVALENTS | 1 | (2) |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0 | 2 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 1 | 0 |
Other | Reportable Legal Entities | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | 322 | 361 |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | (60) | (39) |
Capitalized software costs | (15) | (18) |
Acquisitions of operations, net of cash acquired | (12) | 469 |
Other, net | 7 | 14 |
Proceeds from intercompany investing activities | 14 | 9 |
Repayments of intercompany investing activities | (1,107) | (560) |
Reduction in investment in subsidiaries | 59 | 0 |
Additional investment in subsidiaries | 0 | (3,600) |
Net cash (used in)/from investing activities | (1,114) | (3,725) |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 0 | 0 |
Senior notes issued | 0 | |
Proceeds from issue of other debt | 32 | 0 |
Repayments of debt | (23) | (475) |
Proceeds from issuance of shares | 0 | 0 |
Cash paid for employee taxes on withholding shares | (3) | (1) |
Dividends paid | (58) | |
Acquisitions of and dividends paid to noncontrolling interests | (1) | (4) |
Proceeds from intercompany financing activities | 984 | 4,267 |
Repayments of intercompany financing activities | (113) | 0 |
Net cash provided by (used in) financing activities | 818 | 3,787 |
INCREASE IN CASH AND CASH EQUIVALENTS | 26 | 423 |
Effect of exchange rate changes on cash and cash equivalents | 4 | 2 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 870 | 527 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 900 | $ 952 |
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash (inflow) outflow from investing activities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the development or modification of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow from issuance of long-term debt classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from (to) a noncontrolling interest. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Decrease in Investment in Subsidiaries No definition available.
|
X | ||||||||||
- Definition Increase in Investment in Subsidiaries No definition available.
|
X | ||||||||||
- Definition Proceeds from Intercompany Financing Activities No definition available.
|
X | ||||||||||
- Definition Proceeds from Intercompany Investing Activities No definition available.
|
X | ||||||||||
- Definition Repayments of Intercompany Financing Activities No definition available.
|
X | ||||||||||
- Definition Repayments of Intercompany Investing Activities No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Financial Information for Issuer, Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Narrative (Details) € in Millions |
Mar. 31, 2017
USD ($)
|
Mar. 07, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
May 26, 2016
USD ($)
|
May 26, 2016
EUR (€)
|
Mar. 22, 2016
USD ($)
|
Aug. 15, 2013
USD ($)
|
---|---|---|---|---|---|---|---|
Debt Instrument [Line Items] | |||||||
Long-term debt | $ 3,975,000,000 | $ 3,357,000,000 | |||||
Line of Credit | Revolving $1.25 billion credit facility | Revolving Credit Facility | |||||||
Debt Instrument [Line Items] | |||||||
Long-term debt | 1,064,000,000 | $ 0 | |||||
Maximum borrowing capacity | 1,250,000,000.00 | $ 1,250,000,000.00 | |||||
Trinity Acquisition plc | Senior Notes | |||||||
Debt Instrument [Line Items] | |||||||
Face amount of note | $ 2,134,000,000 | $ 609,000,000 | € 540 | $ 1,000,000,000.0 | $ 525,000,000 | ||
The Other Guarantors | |||||||
Debt Instrument [Line Items] | |||||||
Subsidiary, ownership percentage by parent | 100.00% |
X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Financial Information for Issuer, Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Unaudited Condensed Consolidated Statement of Comprehensive Income (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Revenues | ||
Commissions and fees | $ 2,303 | $ 2,219 |
Interest and other income | 16 | 15 |
Total revenues | 2,319 | 2,234 |
Costs of providing services | ||
Salaries and benefits | 1,191 | 1,196 |
Other operating expenses | 401 | 431 |
Depreciation | 46 | 43 |
Amortization | 151 | 161 |
Restructuring costs | 27 | 25 |
Integration expenses | 40 | 52 |
Total costs of providing services | 1,856 | 1,908 |
Income from operations | 463 | 326 |
Income from Group undertakings | 0 | 0 |
Expenses due to Group undertakings | 0 | 0 |
Interest expense | 46 | 46 |
Other expense, net | 20 | 18 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 397 | 262 |
Provision for income taxes | 46 | 18 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 351 | 244 |
Interest in earnings of associates, net of tax | 1 | 1 |
Equity account for subsidiaries | 0 | 0 |
NET INCOME | 352 | 245 |
Income attributable to noncontrolling interests | (8) | (7) |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 344 | 238 |
Comprehensive income before noncontrolling interests | 331 | 231 |
Comprehensive income attributable to noncontrolling interest | (11) | (9) |
Comprehensive income attributable to Willis Towers Watson | 320 | 222 |
Consolidating adjustments | Issuer | ||
Revenues | ||
Commissions and fees | 0 | 0 |
Interest and other income | 0 | 0 |
Total revenues | 0 | 0 |
Costs of providing services | ||
Salaries and benefits | 0 | 0 |
Other operating expenses | 0 | 0 |
Depreciation | 0 | 0 |
Amortization | 0 | 0 |
Restructuring costs | 0 | 0 |
Integration expenses | 0 | 0 |
Total costs of providing services | 0 | 0 |
Income from operations | 0 | 0 |
Income from Group undertakings | 260 | 207 |
Expenses due to Group undertakings | (260) | (207) |
Interest expense | 0 | 0 |
Other expense, net | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 0 | 0 |
Provision for income taxes | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 0 | 0 |
Interest in earnings of associates, net of tax | 0 | 0 |
Equity account for subsidiaries | (1,008) | (685) |
NET INCOME | (1,008) | (685) |
Income attributable to noncontrolling interests | 0 | 0 |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | (1,008) | (685) |
Comprehensive income before noncontrolling interests | (928) | (625) |
Comprehensive income attributable to noncontrolling interest | 0 | 0 |
Comprehensive income attributable to Willis Towers Watson | (928) | (625) |
Willis Towers Watson | Reportable Legal Entities | ||
Revenues | ||
Commissions and fees | 0 | 0 |
Interest and other income | 0 | 0 |
Total revenues | 0 | 0 |
Costs of providing services | ||
Salaries and benefits | 1 | 0 |
Other operating expenses | 1 | 1 |
Depreciation | 0 | 0 |
Amortization | 0 | 0 |
Restructuring costs | 0 | 0 |
Integration expenses | 0 | 1 |
Total costs of providing services | 2 | 2 |
Income from operations | (2) | (2) |
Income from Group undertakings | 0 | 0 |
Expenses due to Group undertakings | 0 | 0 |
Interest expense | 7 | 11 |
Other expense, net | 0 | 1 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | (9) | (14) |
Provision for income taxes | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | (9) | (14) |
Interest in earnings of associates, net of tax | 0 | 0 |
Equity account for subsidiaries | 353 | 252 |
NET INCOME | 344 | 238 |
Income attributable to noncontrolling interests | 0 | 0 |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 344 | 238 |
Comprehensive income before noncontrolling interests | 320 | 222 |
Comprehensive income attributable to noncontrolling interest | 0 | 0 |
Comprehensive income attributable to Willis Towers Watson | 320 | 222 |
The Other Guarantors | Reportable Legal Entities | ||
Revenues | ||
Commissions and fees | 6 | 7 |
Interest and other income | 0 | 0 |
Total revenues | 6 | 7 |
Costs of providing services | ||
Salaries and benefits | 10 | 14 |
Other operating expenses | 17 | 93 |
Depreciation | 1 | 5 |
Amortization | 0 | 0 |
Restructuring costs | 7 | 13 |
Integration expenses | 4 | 18 |
Total costs of providing services | 39 | 143 |
Income from operations | (33) | (136) |
Income from Group undertakings | (168) | (146) |
Expenses due to Group undertakings | 80 | 52 |
Interest expense | 9 | 9 |
Other expense, net | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 46 | (51) |
Provision for income taxes | 2 | (42) |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 44 | (9) |
Interest in earnings of associates, net of tax | 0 | 0 |
Equity account for subsidiaries | 315 | 259 |
NET INCOME | 359 | 250 |
Income attributable to noncontrolling interests | 0 | 0 |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 359 | 250 |
Comprehensive income before noncontrolling interests | 334 | 232 |
Comprehensive income attributable to noncontrolling interest | 0 | 0 |
Comprehensive income attributable to Willis Towers Watson | 334 | 232 |
The Issuer | Reportable Legal Entities | ||
Revenues | ||
Commissions and fees | 0 | 0 |
Interest and other income | 0 | 0 |
Total revenues | 0 | 0 |
Costs of providing services | ||
Salaries and benefits | 0 | 0 |
Other operating expenses | 0 | 0 |
Depreciation | 0 | 0 |
Amortization | 0 | 0 |
Restructuring costs | 0 | 0 |
Integration expenses | 0 | 0 |
Total costs of providing services | 0 | 0 |
Income from operations | 0 | 0 |
Income from Group undertakings | (34) | (31) |
Expenses due to Group undertakings | 6 | 7 |
Interest expense | 25 | 18 |
Other expense, net | 0 | 0 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 3 | 6 |
Provision for income taxes | 0 | 1 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 3 | 5 |
Interest in earnings of associates, net of tax | 0 | 0 |
Equity account for subsidiaries | 340 | 174 |
NET INCOME | 343 | 179 |
Income attributable to noncontrolling interests | 0 | 0 |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 343 | 179 |
Comprehensive income before noncontrolling interests | 319 | 161 |
Comprehensive income attributable to noncontrolling interest | 0 | 0 |
Comprehensive income attributable to Willis Towers Watson | 319 | 161 |
Other | Reportable Legal Entities | ||
Revenues | ||
Commissions and fees | 2,297 | 2,212 |
Interest and other income | 16 | 15 |
Total revenues | 2,313 | 2,227 |
Costs of providing services | ||
Salaries and benefits | 1,180 | 1,182 |
Other operating expenses | 383 | 337 |
Depreciation | 45 | 38 |
Amortization | 151 | 161 |
Restructuring costs | 20 | 12 |
Integration expenses | 36 | 33 |
Total costs of providing services | 1,815 | 1,763 |
Income from operations | 498 | 464 |
Income from Group undertakings | (58) | (30) |
Expenses due to Group undertakings | 174 | 148 |
Interest expense | 5 | 8 |
Other expense, net | 20 | 17 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES | 357 | 321 |
Provision for income taxes | 44 | 59 |
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES | 313 | 262 |
Interest in earnings of associates, net of tax | 1 | 1 |
Equity account for subsidiaries | 0 | 0 |
NET INCOME | 314 | 263 |
Income attributable to noncontrolling interests | (8) | (7) |
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON | 306 | 256 |
Comprehensive income before noncontrolling interests | 286 | 241 |
Comprehensive income attributable to noncontrolling interest | (11) | (9) |
Comprehensive income attributable to Willis Towers Watson | $ 275 | $ 232 |
X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of income (loss) of subsidiary attributable to the parent entity. No definition available.
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after sales adjustments, returns, allowances, and discounts, of revenue classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs and Expenses, Group Undertakings No definition available.
|
X | ||||||||||
- Definition Revenue From Group Undertakings No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Financial Information for Issuer, Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Unaudited Condensed Consolidated Balance Sheet (Details) - USD ($) $ in Millions |
Mar. 31, 2017 |
Dec. 31, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash and cash equivalents | $ 901 | $ 870 | $ 954 | $ 532 | ||
Fiduciary assets | 12,266 | 10,505 | ||||
Accounts receivable, net | 2,307 | 2,080 | ||||
Prepaid and other current assets | 321 | 337 | ||||
Amounts due from group undertakings | 0 | 0 | ||||
Total current assets | 15,795 | 13,792 | ||||
Investments in subsidiaries | 0 | 0 | ||||
Fixed assets, net | 863 | 839 | ||||
Goodwill | 10,442 | 10,413 | ||||
Other intangible assets, net | 4,245 | 4,368 | ||||
Pension benefits assets | 536 | 488 | ||||
Other non-current assets | 351 | 353 | ||||
Non-current amounts due from group undertakings | 0 | 0 | ||||
Total non-current assets | 16,437 | 16,461 | ||||
TOTAL ASSETS | 32,232 | 30,253 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 12,266 | 10,505 | ||||
Deferred revenue and accrued expenses | 1,203 | 1,481 | ||||
Short-term debt and current portion of long-term debt | 120 | 508 | ||||
Other current liabilities | 996 | 876 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total current liabilities | 14,585 | 13,370 | ||||
Long-term debt | 3,975 | 3,357 | ||||
Liability for pension benefits | 1,286 | 1,321 | ||||
Deferred tax liabilities | 799 | 864 | ||||
Provision for liabilities | 618 | 575 | ||||
Other non-current liabilities | 512 | 532 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total non-current liabilities | 7,190 | 6,649 | ||||
TOTAL LIABILITIES | 21,775 | 20,019 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 53 | 51 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | [1] | 10,278 | 10,065 | |||
Noncontrolling interests | 126 | 118 | ||||
Total equity | 10,404 | 10,183 | 11,304 | 2,360 | ||
TOTAL LIABILITIES AND EQUITY | 32,232 | 30,253 | ||||
Consolidating adjustments | Issuer | ||||||
ASSETS | ||||||
Cash and cash equivalents | 0 | 0 | 0 | 0 | ||
Fiduciary assets | 0 | 0 | ||||
Accounts receivable, net | 0 | 0 | ||||
Prepaid and other current assets | (43) | (62) | ||||
Amounts due from group undertakings | (11,542) | (12,043) | ||||
Total current assets | (11,585) | (12,105) | ||||
Investments in subsidiaries | (21,076) | (19,339) | ||||
Fixed assets, net | 0 | 0 | ||||
Goodwill | 0 | 0 | ||||
Other intangible assets, net | (64) | (64) | ||||
Pension benefits assets | 0 | 0 | ||||
Other non-current assets | (225) | (47) | ||||
Non-current amounts due from group undertakings | (6,371) | (5,914) | ||||
Total non-current assets | (27,736) | (25,364) | ||||
TOTAL ASSETS | (39,321) | (37,469) | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 0 | 0 | ||||
Deferred revenue and accrued expenses | (46) | (49) | ||||
Short-term debt and current portion of long-term debt | 0 | 0 | ||||
Other current liabilities | 14 | (5) | ||||
Amounts due to group undertakings | (11,542) | (12,043) | ||||
Total current liabilities | (11,574) | (12,097) | ||||
Long-term debt | 0 | 0 | ||||
Liability for pension benefits | 0 | 0 | ||||
Deferred tax liabilities | (219) | (149) | ||||
Provision for liabilities | 0 | 0 | ||||
Other non-current liabilities | (14) | (14) | ||||
Amounts due to group undertakings | (6,371) | (5,914) | ||||
Total non-current liabilities | (6,604) | (6,077) | ||||
TOTAL LIABILITIES | (18,178) | (18,174) | ||||
REDEEMABLE NONCONTROLLING INTEREST | 0 | 0 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | (21,143) | (19,295) | ||||
Noncontrolling interests | 0 | 0 | ||||
Total equity | (21,143) | (19,295) | ||||
TOTAL LIABILITIES AND EQUITY | (39,321) | (37,469) | ||||
Willis Towers Watson | Reportable Legal Entities | ||||||
ASSETS | ||||||
Cash and cash equivalents | 0 | 0 | 2 | 3 | ||
Fiduciary assets | 0 | 0 | ||||
Accounts receivable, net | 0 | 0 | ||||
Prepaid and other current assets | 1 | 0 | ||||
Amounts due from group undertakings | 6,098 | 7,229 | ||||
Total current assets | 6,099 | 7,229 | ||||
Investments in subsidiaries | 4,753 | 3,409 | ||||
Fixed assets, net | 0 | 0 | ||||
Goodwill | 1 | 0 | ||||
Other intangible assets, net | 0 | 0 | ||||
Pension benefits assets | 0 | 0 | ||||
Other non-current assets | 0 | 0 | ||||
Non-current amounts due from group undertakings | 0 | 0 | ||||
Total non-current assets | 4,754 | 3,409 | ||||
TOTAL ASSETS | 10,853 | 10,638 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 0 | 0 | ||||
Deferred revenue and accrued expenses | 0 | 0 | ||||
Short-term debt and current portion of long-term debt | 0 | 0 | ||||
Other current liabilities | 79 | 77 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total current liabilities | 79 | 77 | ||||
Long-term debt | 496 | 496 | ||||
Liability for pension benefits | 0 | 0 | ||||
Deferred tax liabilities | 0 | 0 | ||||
Provision for liabilities | 0 | 0 | ||||
Other non-current liabilities | 0 | 0 | ||||
Amounts due to group undertakings | 0 | 0 | ||||
Total non-current liabilities | 496 | 496 | ||||
TOTAL LIABILITIES | 575 | 573 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 0 | 0 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | 10,278 | 10,065 | ||||
Noncontrolling interests | 0 | 0 | ||||
Total equity | 10,278 | 10,065 | ||||
TOTAL LIABILITIES AND EQUITY | 10,853 | 10,638 | ||||
The Other Guarantors | Reportable Legal Entities | ||||||
ASSETS | ||||||
Cash and cash equivalents | 1 | 0 | 0 | 2 | ||
Fiduciary assets | 0 | 0 | ||||
Accounts receivable, net | 3 | 7 | ||||
Prepaid and other current assets | 128 | 74 | ||||
Amounts due from group undertakings | 868 | 849 | ||||
Total current assets | 1,000 | 930 | ||||
Investments in subsidiaries | 8,630 | 8,621 | ||||
Fixed assets, net | 35 | 34 | ||||
Goodwill | 0 | 0 | ||||
Other intangible assets, net | 64 | 64 | ||||
Pension benefits assets | 0 | 0 | ||||
Other non-current assets | 268 | 90 | ||||
Non-current amounts due from group undertakings | 4,871 | 4,859 | ||||
Total non-current assets | 13,868 | 13,668 | ||||
TOTAL ASSETS | 14,868 | 14,598 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 0 | 0 | ||||
Deferred revenue and accrued expenses | 21 | 41 | ||||
Short-term debt and current portion of long-term debt | 0 | 394 | ||||
Other current liabilities | 72 | 87 | ||||
Amounts due to group undertakings | 9,387 | 9,946 | ||||
Total current liabilities | 9,480 | 10,468 | ||||
Long-term debt | 186 | 186 | ||||
Liability for pension benefits | 0 | 0 | ||||
Deferred tax liabilities | 0 | 0 | ||||
Provision for liabilities | 120 | 120 | ||||
Other non-current liabilities | 47 | 63 | ||||
Amounts due to group undertakings | 518 | 518 | ||||
Total non-current liabilities | 871 | 887 | ||||
TOTAL LIABILITIES | 10,351 | 11,355 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 0 | 0 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | 4,517 | 3,243 | ||||
Noncontrolling interests | 0 | 0 | ||||
Total equity | 4,517 | 3,243 | ||||
TOTAL LIABILITIES AND EQUITY | 14,868 | 14,598 | ||||
The Issuer | Reportable Legal Entities | ||||||
ASSETS | ||||||
Cash and cash equivalents | 0 | 0 | 0 | 0 | ||
Fiduciary assets | 0 | 0 | ||||
Accounts receivable, net | 0 | 0 | ||||
Prepaid and other current assets | 0 | 1 | ||||
Amounts due from group undertakings | 1,760 | 1,595 | ||||
Total current assets | 1,760 | 1,596 | ||||
Investments in subsidiaries | 7,693 | 7,309 | ||||
Fixed assets, net | 0 | 0 | ||||
Goodwill | 0 | 0 | ||||
Other intangible assets, net | 0 | 0 | ||||
Pension benefits assets | 0 | 0 | ||||
Other non-current assets | 3 | 0 | ||||
Non-current amounts due from group undertakings | 1,500 | 1,055 | ||||
Total non-current assets | 9,196 | 8,364 | ||||
TOTAL ASSETS | 10,956 | 9,960 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 0 | 0 | ||||
Deferred revenue and accrued expenses | 0 | 1 | ||||
Short-term debt and current portion of long-term debt | 0 | 22 | ||||
Other current liabilities | 19 | 33 | ||||
Amounts due to group undertakings | 6 | 0 | ||||
Total current liabilities | 25 | 56 | ||||
Long-term debt | 3,145 | 2,506 | ||||
Liability for pension benefits | 0 | 0 | ||||
Deferred tax liabilities | 0 | 0 | ||||
Provision for liabilities | 0 | 0 | ||||
Other non-current liabilities | 0 | 0 | ||||
Amounts due to group undertakings | 423 | 423 | ||||
Total non-current liabilities | 3,568 | 2,929 | ||||
TOTAL LIABILITIES | 3,593 | 2,985 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 0 | 0 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | 7,363 | 6,975 | ||||
Noncontrolling interests | 0 | 0 | ||||
Total equity | 7,363 | 6,975 | ||||
TOTAL LIABILITIES AND EQUITY | 10,956 | 9,960 | ||||
Other | Reportable Legal Entities | ||||||
ASSETS | ||||||
Cash and cash equivalents | 900 | 870 | $ 952 | $ 527 | ||
Fiduciary assets | 12,266 | 10,505 | ||||
Accounts receivable, net | 2,304 | 2,073 | ||||
Prepaid and other current assets | 235 | 324 | ||||
Amounts due from group undertakings | 2,816 | 2,370 | ||||
Total current assets | 18,521 | 16,142 | ||||
Investments in subsidiaries | 0 | 0 | ||||
Fixed assets, net | 828 | 805 | ||||
Goodwill | 10,441 | 10,413 | ||||
Other intangible assets, net | 4,245 | 4,368 | ||||
Pension benefits assets | 536 | 488 | ||||
Other non-current assets | 305 | 310 | ||||
Non-current amounts due from group undertakings | 0 | 0 | ||||
Total non-current assets | 16,355 | 16,384 | ||||
TOTAL ASSETS | 34,876 | 32,526 | ||||
LIABILITIES AND EQUITY | ||||||
Fiduciary liabilities | 12,266 | 10,505 | ||||
Deferred revenue and accrued expenses | 1,228 | 1,488 | ||||
Short-term debt and current portion of long-term debt | 120 | 92 | ||||
Other current liabilities | 812 | 684 | ||||
Amounts due to group undertakings | 2,149 | 2,097 | ||||
Total current liabilities | 16,575 | 14,866 | ||||
Long-term debt | 148 | 169 | ||||
Liability for pension benefits | 1,286 | 1,321 | ||||
Deferred tax liabilities | 1,018 | 1,013 | ||||
Provision for liabilities | 498 | 455 | ||||
Other non-current liabilities | 479 | 483 | ||||
Amounts due to group undertakings | 5,430 | 4,973 | ||||
Total non-current liabilities | 8,859 | 8,414 | ||||
TOTAL LIABILITIES | 25,434 | 23,280 | ||||
REDEEMABLE NONCONTROLLING INTEREST | 53 | 51 | ||||
EQUITY (i) | ||||||
Total Willis Towers Watson shareholders’ equity | 9,263 | 9,077 | ||||
Noncontrolling interests | 126 | 118 | ||||
Total equity | 9,389 | 9,195 | ||||
TOTAL LIABILITIES AND EQUITY | $ 34,876 | $ 32,526 | ||||
|
X | ||||||||||
- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount for overfunded plans recognized in the balance sheet as a noncurrent asset associated with a defined benefit pension plan or other postretirement defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying amount of estimated litigation liability for known or estimated probable loss from litigation, which may include attorneys' fees and other litigation costs, which is expected to be paid after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Deferred Revenue and Accrued Liabilities, Current No definition available.
|
X | ||||||||||
- Definition Due from Group Undertakings, Current No definition available.
|
X | ||||||||||
- Definition Due from Group Undertakings, Noncurrent No definition available.
|
X | ||||||||||
- Definition Due to Group Undertaking, Noncurrent No definition available.
|
X | ||||||||||
- Definition Due to Group Undertakings, Current No definition available.
|
X | ||||||||||
- Definition Fiduciary Assets, Current No definition available.
|
X | ||||||||||
- Definition Fiduciary Liabilities, Current No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Financial Information for Issuer, Parent Guarantor, Other Guarantor Subsidiaries and Non-Guarantor Subsidiaries - Unaudited Condensed Consolidated Statement of Cash Flows (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | $ 95 | $ 119 |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | (62) | (48) |
Capitalized software costs | (15) | (18) |
Acquisitions of operations, net of cash acquired | (12) | 469 |
Other, net | 7 | 14 |
Proceeds from intercompany investing activities | 0 | 0 |
Repayments of intercompany investing activities | 0 | 0 |
Reduction in investment in subsidiaries | 0 | 0 |
Additional investment in subsidiaries | 0 | 0 |
Net cash (used in)/from investing activities | (82) | 417 |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 826 | (338) |
Senior notes issued | 0 | 997 |
Proceeds from issue of other debt | 32 | 400 |
Debt issuance costs | (3) | 0 |
Repayments of debt | (636) | (1,181) |
Repurchase of shares | (156) | 0 |
Proceeds from issuance of shares | 20 | 11 |
Cash paid for employee taxes on withholding shares | (3) | (1) |
Dividends paid | (65) | 0 |
Acquisitions of and dividends paid to noncontrolling interests | (1) | (4) |
Proceeds from intercompany financing activities | 0 | 0 |
Repayments of intercompany financing activities | 0 | 0 |
Net cash provided by (used in) financing activities | 14 | (116) |
INCREASE IN CASH AND CASH EQUIVALENTS | 27 | 420 |
Effect of exchange rate changes on cash and cash equivalents | 4 | 2 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 870 | 532 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 901 | 954 |
Consolidating adjustments | Issuer | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | (58) | 0 |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | 0 | 0 |
Capitalized software costs | 0 | 0 |
Acquisitions of operations, net of cash acquired | 0 | 0 |
Other, net | 0 | 0 |
Proceeds from intercompany investing activities | (1,136) | (9) |
Repayments of intercompany investing activities | 2,092 | 9,095 |
Reduction in investment in subsidiaries | (1,059) | (8,200) |
Additional investment in subsidiaries | 1,059 | 8,200 |
Net cash (used in)/from investing activities | 956 | 9,086 |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 0 | 0 |
Senior notes issued | 0 | |
Proceeds from issue of other debt | 0 | 0 |
Repayments of debt | 0 | 0 |
Repurchase of shares | 0 | |
Proceeds from issuance of shares | 0 | 0 |
Cash paid for employee taxes on withholding shares | 0 | |
Dividends paid | 58 | |
Acquisitions of and dividends paid to noncontrolling interests | 0 | 0 |
Proceeds from intercompany financing activities | (2,092) | (9,095) |
Repayments of intercompany financing activities | 1,136 | 9 |
Net cash provided by (used in) financing activities | (898) | (9,086) |
INCREASE IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0 | 0 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 0 | 0 |
Willis Towers Watson | Reportable Legal Entities | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | 79 | (4) |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | 0 | 0 |
Capitalized software costs | 0 | 0 |
Acquisitions of operations, net of cash acquired | 0 | 0 |
Other, net | 0 | 0 |
Proceeds from intercompany investing activities | 1,122 | 0 |
Repayments of intercompany investing activities | 0 | (4,308) |
Reduction in investment in subsidiaries | 0 | 4,600 |
Additional investment in subsidiaries | (1,000) | 0 |
Net cash (used in)/from investing activities | 122 | 292 |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 0 | 0 |
Senior notes issued | 0 | |
Proceeds from issue of other debt | 0 | 0 |
Debt issuance costs | 0 | |
Repayments of debt | 0 | (300) |
Repurchase of shares | (156) | |
Proceeds from issuance of shares | 20 | 11 |
Cash paid for employee taxes on withholding shares | 0 | |
Dividends paid | (65) | |
Acquisitions of and dividends paid to noncontrolling interests | 0 | 0 |
Proceeds from intercompany financing activities | 0 | 0 |
Repayments of intercompany financing activities | 0 | 0 |
Net cash provided by (used in) financing activities | (201) | (289) |
INCREASE IN CASH AND CASH EQUIVALENTS | 0 | (1) |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0 | 3 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 0 | 2 |
The Other Guarantors | Reportable Legal Entities | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | (635) | (211) |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | (2) | (9) |
Capitalized software costs | 0 | 0 |
Acquisitions of operations, net of cash acquired | 0 | 0 |
Other, net | 0 | 0 |
Proceeds from intercompany investing activities | 0 | 0 |
Repayments of intercompany investing activities | 0 | (3,600) |
Reduction in investment in subsidiaries | 1,000 | 3,600 |
Additional investment in subsidiaries | (59) | (4,600) |
Net cash (used in)/from investing activities | 939 | (4,609) |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 0 | 0 |
Senior notes issued | 0 | |
Proceeds from issue of other debt | 0 | 0 |
Debt issuance costs | 0 | |
Repayments of debt | (394) | 0 |
Repurchase of shares | 0 | |
Proceeds from issuance of shares | 0 | 0 |
Cash paid for employee taxes on withholding shares | 0 | |
Dividends paid | 0 | |
Acquisitions of and dividends paid to noncontrolling interests | 0 | 0 |
Proceeds from intercompany financing activities | 1,108 | 4,827 |
Repayments of intercompany financing activities | (1,017) | (9) |
Net cash provided by (used in) financing activities | (303) | 4,818 |
INCREASE IN CASH AND CASH EQUIVALENTS | 1 | (2) |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0 | 2 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 1 | 0 |
The Issuer | Reportable Legal Entities | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | 387 | (27) |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | 0 | 0 |
Capitalized software costs | 0 | 0 |
Acquisitions of operations, net of cash acquired | 0 | 0 |
Other, net | 0 | 0 |
Proceeds from intercompany investing activities | 0 | 0 |
Repayments of intercompany investing activities | (985) | (627) |
Reduction in investment in subsidiaries | 0 | 0 |
Additional investment in subsidiaries | 0 | 0 |
Net cash (used in)/from investing activities | (985) | (627) |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 826 | (338) |
Senior notes issued | 997 | |
Proceeds from issue of other debt | 0 | 400 |
Debt issuance costs | (3) | |
Repayments of debt | (219) | (406) |
Repurchase of shares | 0 | |
Proceeds from issuance of shares | 0 | 0 |
Cash paid for employee taxes on withholding shares | 0 | |
Dividends paid | 0 | |
Acquisitions of and dividends paid to noncontrolling interests | 0 | 0 |
Proceeds from intercompany financing activities | 0 | 1 |
Repayments of intercompany financing activities | (6) | 0 |
Net cash provided by (used in) financing activities | 598 | 654 |
INCREASE IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0 | 0 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 0 | 0 |
Other | Reportable Legal Entities | ||
Condensed Financial Statements, Captions [Line Items] | ||
NET CASH FROM/(USED IN) OPERATING ACTIVITIES | 322 | 361 |
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES | ||
Additions to fixed assets and software for internal use | (60) | (39) |
Capitalized software costs | (15) | (18) |
Acquisitions of operations, net of cash acquired | (12) | 469 |
Other, net | 7 | 14 |
Proceeds from intercompany investing activities | 14 | 9 |
Repayments of intercompany investing activities | (1,107) | (560) |
Reduction in investment in subsidiaries | 59 | 0 |
Additional investment in subsidiaries | 0 | (3,600) |
Net cash (used in)/from investing activities | (1,114) | (3,725) |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | ||
Net borrowings/(payments) on revolving credit facility | 0 | 0 |
Senior notes issued | 0 | |
Proceeds from issue of other debt | 32 | 0 |
Repayments of debt | (23) | (475) |
Repurchase of shares | 0 | |
Proceeds from issuance of shares | 0 | 0 |
Cash paid for employee taxes on withholding shares | (3) | (1) |
Dividends paid | (58) | |
Acquisitions of and dividends paid to noncontrolling interests | (1) | (4) |
Proceeds from intercompany financing activities | 984 | 4,267 |
Repayments of intercompany financing activities | (113) | 0 |
Net cash provided by (used in) financing activities | 818 | 3,787 |
INCREASE IN CASH AND CASH EQUIVALENTS | 26 | 423 |
Effect of exchange rate changes on cash and cash equivalents | 4 | 2 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 870 | 527 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 900 | $ 952 |
X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash (inflow) outflow from investing activities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the development or modification of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow from issuance of long-term debt classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from (to) a noncontrolling interest. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Decrease in Investment in Subsidiaries No definition available.
|
X | ||||||||||
- Definition Increase in Investment in Subsidiaries No definition available.
|
X | ||||||||||
- Definition Proceeds from Intercompany Financing Activities No definition available.
|
X | ||||||||||
- Definition Proceeds from Intercompany Investing Activities No definition available.
|
X | ||||||||||
- Definition Repayments of Intercompany Financing Activities No definition available.
|
X | ||||||||||
- Definition Repayments of Intercompany Investing Activities No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|