Willis Towers Watson Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	3,132	1,890	1,424	1,262	4,486
Cash & Short-Term Investments	3,132	1,890	1,424	1,262	4,486
Cash Growth	65.71%	32.73%	12.84%	-71.87%	120.01%
Accounts Receivable	2,702	2,494	2,572	2,387	2,370
Other Current Assets	11,040	10,721	9,437	12,186	11,632
Total Current Assets	16,874	15,105	13,433	15,835	18,488
Net Property, Plant & Equipment	1,182	1,146	1,285	1,304	1,571
Other Intangible Assets	1,141	1,295	2,016	2,273	2,555
Goodwill	8,938	8,799	10,195	10,173	10,183
Long-Term Investments	-	-	-	9	23
Other Long-Term Assets	1,395	1,336	2,161	2,175	2,150
Total Assets	29,530	27,681	29,090	31,769	34,970
Accrued Expenses	2,087	2,211	2,104	1,269	1,350
Short-Term Debt	550	-	650	250	613
Current Portion of Leases	125	118	125	126	150
Unearned Revenue	-	-	-	646	576
Other Current Liabilities	11,242	10,269	9,751	12,488	12,035
Total Current Liabilities	14,004	12,598	12,630	14,779	14,724
Long-Term Debt	5,756	5,309	4,567	4,471	3,974
Long-Term Leases	472	502	592	620	734
Other Long-Term Liabilities	1,246	1,255	1,708	1,806	2,230
Total Long-Term Liabilities	7,474	7,066	6,867	6,540	6,563
Total Liabilities	21,478	19,664	19,497	21,676	21,662
Additional Paid-in Capital	11,106	10,989	10,910	6	9,491
Accumulated Other Comprehensive Income	-2,834	-3,158	-2,856	-1,066	-696
Retained Earnings	-296	109	1,466	11,076	4,465
Total Common Shareholders' Equity	7,976	7,940	9,520	10,016	13,260
Minority Interest	76	77	73	77	48
Shareholders' Equity	8,052	8,017	9,593	10,093	13,308
Total Liabilities & Equity	29,530	27,681	29,090	31,769	34,970
Total Debt	6,903	5,929	5,934	5,467	5,471
Net Cash (Debt)	-3,771	-4,039	-4,510	-4,205	-985
Net Cash Per Share	-38.09	-39.60	-42.55	-37.55	-7.64
Book Value	7,976	7,940	9,520	10,016	13,260
Book Value Per Share	80.57	77.84	89.81	89.43	102.79
Tangible Book Value	-2,103	-2,154	-2,691	-2,430	522
Tangible Book Value Per Share	-21.24	-21.12	-25.39	-21.70	4.05

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.