v3.24.2
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Shares outstanding [Member]
Ordinary shares and APIC [Member]
Retained earnings [Member]
Treasury Stock Common [Member]
AOCL [Member]
Total WTW shareholders' equity [Member]
Non-controlling interests [Member]
Equity, beginning balance at Dec. 31, 2022 $ 10,093   $ 10,876 $ 1,764 $ (3) $ (2,621) [1] $ 10,016 $ 77
Equity, beginning balance (in shares) at Dec. 31, 2022   106,756            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Shares repurchased (in shares)   (432)            
Shares repurchased (104)   (3) (104) 3   (104)  
Net income 206     203     203 3
Dividends declared (89)     (89)     (89)  
Other comprehensive (loss)/income 53         53 [1] 53  
Issuance of shares under employee stock compensation plans (in shares)   59            
Share-based compensation and net settlements 18   18       18  
Foreign currency translation (1)   (1)       (1)  
Equity, ending balance at Mar. 31, 2023 10,176   10,890 1,774 0 (2,568) [1] 10,096 80
Equity, ending balance (in shares) at Mar. 31, 2023   106,383            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Shares repurchased (in shares)   (1,537)            
Shares repurchased (350)     (350)     (350)  
Net income 96     94     94 2
Dividends declared (89)     (89)     (89)  
Dividends attributable to non-controlling interests (4)             (4)
Other comprehensive (loss)/income 28         28 [1] 28  
Issuance of shares under employee stock compensation plans (in shares)   97            
Share-based compensation and net settlements 20   20       20  
Equity, ending balance at Jun. 30, 2023 9,877   10,910 1,429 $ 0 (2,540) [1] 9,799 78
Equity, ending balance (in shares) at Jun. 30, 2023   104,943            
Equity, beginning balance at Dec. 31, 2023 9,593   10,910 1,466   (2,856) [2] 9,520 73
Equity, beginning balance (in shares) at Dec. 31, 2023   102,538            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Shares repurchased (in shares)   (374)            
Shares repurchased (101)     (101)     (101)  
Net income 194     190     190 4
Dividends declared (91)     (91)     (91)  
Dividends attributable to non-controlling interests (1)             (1)
Other comprehensive (loss)/income (49)         (49) [2] (49)  
Issuance of shares under employee stock compensation plans (in shares)   49            
Share-based compensation and net settlements 16   16       16  
Additional non-controlling interests [3] 3             3
Foreign currency translation 4   4       4  
Equity, ending balance at Mar. 31, 2024 9,568   10,930 1,464   (2,905) [2] 9,489 79
Equity, ending balance (in shares) at Mar. 31, 2024   102,213            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Shares repurchased (in shares)   (775)            
Shares repurchased (200)     (200)     (200)  
Net income 142     141     141 1
Dividends declared (90)     (90)     (90)  
Dividends attributable to non-controlling interests (2)             (2)
Other comprehensive (loss)/income (16)         (16) [2] (16)  
Issuance of shares under employee stock compensation plans (in shares)   109            
Share-based compensation and net settlements 12   12       12  
Foreign currency translation 1   1       1  
Equity, ending balance at Jun. 30, 2024 $ 9,415   $ 10,943 $ 1,315   $ (2,921) [2] $ 9,337 $ 78
Equity, ending balance (in shares) at Jun. 30, 2024   101,547            
[1] Accumulated other comprehensive loss, net of tax (‘AOCL’).
[2] Accumulated other comprehensive loss, net of tax (‘AOCL’).
[3] Attributable to the divestiture of businesses that are less than wholly-owned or the acquisition of shares previously owned by minority interest holders. In an acquisition, additional paid-in capital is adjusted as well to the extent that the consideration transferred differs from the carrying value of non-controlling interests prior to the acquisition.