%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream /GS0 gs q 265.00 0 0 45.00 63.00 702.00 cm /I1 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 18.00 Tf ET q 0 0 0 rg BT 63.00 665.40 Td (NEWS RELEASE) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 633.85 Td (Media Contact:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 623.05 Td (Edward L. Dandridge) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 612.30 Td (Marsh & McLennan Companies) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.25 601.45 Td (+1 212 345 9751) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 68.25 589.41455078125 m 168.9287109375 589.41455078125 l s q 0 0 1 rg BT 68.25 590.70 Td (ed.dandridge@mmc.com) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 428.25 633.85 Td (Investor Contact:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.25 623.05 Td (Keith W) Tj ET Q q 0 0 0 rg BT 459.42 623.05 Td (alsh) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.25 612.30 Td (Marsh & McLennan Companies) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.25 601.45 Td (+1 212 345 0057) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 428.25 589.41455078125 m 520.904296875 589.41455078125 l s q 0 0 1 rg BT 428.25 590.70 Td (keith.walsh@mmc.com) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 11.00 Tf ET q 0 0 0 rg BT 192.45 556.20 Td (MARSH & McLENNAN COMP) Tj ET Q q 0 0 0 rg BT 343.19 556.20 Td (ANIES REPORTS ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 174.60 543.05 Td (FOURTH QUARTER ) Tj ET Q q 0 0 0 rg BT 280.52 543.05 Td (AND FULL-YEAR 2015 RESUL) Tj ET Q q 0 0 0 rg BT 436.78 543.05 Td (TS) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 132.50 514.90 Td (Strong Underlying Revenue Growth ) Tj ET Q q 0 0 0 rg BT 321.55 514.90 Td (Across ) Tj ET Q q 0 0 0 rg BT 361.50 514.90 Td (All Operating Companies) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 194.45 495.75 Td (Operating Margins Expand in Both Segments) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 136.55 476.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 167.92 476.60 Td ( EPS Increases to $.71 in Fourth Quarter and to $2.98 for ) Tj ET Q q 0 0 0 rg BT 465.42 476.60 Td (Y) Tj ET Q q 0 0 0 rg BT 472.35 476.60 Td (ear) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 111.60 457.45 Td (Adjusted EPS Increases 8% to $.71 in Fourth Quarter and to $3.05 for 2015) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 426.35 Td (NEW ) Tj ET Q q 0 0 0 rg BT 100.52 426.35 Td (YORK) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 132.30 426.35 Td (, February 4, 2016 Marsh & McLennan Companies, Inc. \(NYSE: MMC\), a global ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 407.20 Td (professional services firm of) Tj ET Q q 0 0 0 rg BT 208.13 407.20 Td (fering clients advice and solutions in risk, strategy and people, today ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 388.05 Td (reported financial results for the fourth quarter and year ended December 31, 2015. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 362.90 Td (Marsh & McLennan Companies President and CEO Dan Glaser said: "W) Tj ET Q q 0 0 0 rg BT 426.03 362.90 Td (e capped of) Tj ET Q q 0 0 0 rg BT 483.32 362.90 Td (f a successful ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 343.75 Td (year with an outstanding fourth quarter) Tj ET Q q 0 0 0 rg BT 259.73 343.75 Td (, posting our highest underlying revenue growth of 2015 at ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 324.65 Td (5%. In 2015, we produced underlying revenue growth of 4% on a consolidated basis. Our adjusted ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 305.50 Td (operating margin expanded 100 basis points, with higher margins in both segments for the sixth ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 286.35 Td (consecutive year) Tj ET Q q 0 0 0 rg BT 153.94 286.35 Td (. ) Tj ET Q q 0 0 0 rg BT 159.44 286.35 Td (Adjusted EPS grew 8% despite FX headwinds of approximately $.18 per share. In ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 267.20 Td (addition to our solid operating performance, we continued to deliver on our commitments to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 248.05 Td (shareholders. W) Tj ET Q q 0 0 0 rg BT 151.89 248.05 Td (e deployed $3.2 billion of capital through double-digit growth in dividends, a record ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 228.95 Td (level of share repurchase and an active year for acquisitions. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 203.80 Td ("W) Tj ET Q q 0 0 0 rg BT 86.09 203.80 Td (e believe we are well positioned to deliver underlying revenue growth, margin expansion and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 184.65 Td (strong EPS growth in 2016," concluded Mr) Tj ET Q q 0 0 0 rg BT 278.30 184.65 Td (. Glaser) Tj ET Q q 0 0 0 rg BT 316.20 184.65 Td (.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 151.931640625 m 175.94677734375 151.931640625 l s q 0 0 0 rg BT 72.00 153.50 Td (Consolidated Results) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 134.35 Td (Consolidated revenue in the fourth quarter of 2015 was $3.3 billion, an increase of 3% from the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 115.25 Td (fourth quarter of 2014, or 5% on an underlying basis. Operating income rose 1) Tj ET Q q 0 0 0 rg BT 451.52 115.25 Td (1% to $594 million, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 96.10 Td (compared with $536 million in the prior year) Tj ET Q q 0 0 0 rg BT 284.16 96.10 Td (. ) Tj ET Q q 0 0 0 rg BT 289.67 96.10 Td (Adjusted operating income, which excludes noteworthy ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 76.95 Td (items as presented in the attached supplemental schedules, rose 5% to $582 million. Net income ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 57.80 Td (attributable to the Company was $375 million, or $.71 per share, compared with $294 million, or $.54 ) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (2) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 743.50 Td (per share, in the prior year) Tj ET Q q 0 0 0 rg BT 200.40 743.50 Td (. ) Tj ET Q q 0 0 0 rg BT 205.91 743.50 Td (Adjusted EPS increased 8% to $.71, compared with $.66 in the prior ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 724.40 Td (fourth quarter) Tj ET Q q 0 0 0 rg BT 137.43 724.40 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.25 Td (For the year 2015, consolidated revenue was $12.9 billion, a slight decrease from the prior year) Tj ET Q q 0 0 0 rg BT 535.49 699.25 Td (, but ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 680.10 Td (an increase of 4% on an underlying basis. Operating income was $2.4 billion, up 5% from the prior ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 660.95 Td (year) Tj ET Q q 0 0 0 rg BT 92.79 660.95 Td (. ) Tj ET Q q 0 0 0 rg BT 98.30 660.95 Td (Adjusted operating income of $2.5 billion also increased 5%. Net income attributable to the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 641.80 Td (Company was $2.98 per share, an increase of 12% from $2.65 per share in 2014. ) Tj ET Q q 0 0 0 rg BT 471.90 641.80 Td (Adjusted EPS ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 622.70 Td (rose 8% to $3.05.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 592.981640625 m 211.39599609375 592.981640625 l s q 0 0 0 rg BT 72.00 594.55 Td (Risk and Insurance Services) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 575.40 Td (Risk and Insurance Services revenue was $1.7 billion in the fourth quarter of 2015, an increase of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 556.25 Td (4% on an underlying basis. Operating income was $354 million, an increase of 4% compared with ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 537.10 Td ($339 million in the prior year) Tj ET Q q 0 0 0 rg BT 209.58 537.10 Td (. ) Tj ET Q q 0 0 0 rg BT 215.08 537.10 Td (Adjusted operating income was up 3% to $364 million. For the year ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 518.00 Td (2015, revenue was $6.9 billion, an increase of 3% on an underlying basis. Operating income rose to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 498.85 Td ($1.5 billion, and adjusted operating income increased to $1.6 billion. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 473.70 Td (Marsh's revenue in the fourth quarter of 2015 was $1.5 billion, an increase of 4% on an underlying ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 454.55 Td (basis. ) Tj ET Q q 0 0 0 rg BT 103.59 454.55 Td (The U.S./Canada division had underlying revenue growth of 3%. International operations ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 435.40 Td (produced underlying revenue growth of 5%, with EMEA) Tj ET Q q 0 0 0 rg BT 341.04 435.40 Td ( rising 3%, ) Tj ET Q q 0 0 0 rg BT 394.85 435.40 Td (Asia Pacific up 4% and Latin ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 416.30 Td (America growing 13%. Guy Carpenter's fourth quarter revenue was $217 million, an increase of 5% ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 397.15 Td (on an underlying basis.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 367.431640625 m 123.97607421875 367.431640625 l s q 0 0 0 rg BT 72.00 369.00 Td (Consulting) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 349.85 Td (Consulting revenue of $1.6 billion in the fourth quarter increased 5% on an underlying basis from the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 330.70 Td (fourth quarter of 2014. Operating income rose 18% to $294 million from $250 million in the prior ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 311.60 Td (period and adjusted operating income rose 5% to $265 million. For the year 2015, revenue of $6.1 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 292.45 Td (billion was up 5% on an underlying basis. Operating income grew 8% to $1.1 billion, and adjusted ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 273.30 Td (operating income increased 4% to $1 billion.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 248.15 Td (Mercer's revenue was $1.1 billion in the fourth quarter) Tj ET Q q 0 0 0 rg BT 333.35 248.15 Td (, an increase of 5% on an underlying basis. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 229.00 Td (Health, with revenue of $389 million, grew 8% on an underlying basis; Retirement, with revenue of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 209.90 Td ($372 million, rose 1%; Investments, with revenue of $204 million, increased 2%; and ) Tj ET Q q 0 0 0 rg BT 485.13 209.90 Td (T) Tj ET Q q 0 0 0 rg BT 490.63 209.90 Td (alent, with ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 190.75 Td (revenue of $175 million, was up 7%. Oliver W) Tj ET Q q 0 0 0 rg BT 293.84 190.75 Td (yman Group) Tj ET Q q 0 0 0 rg BT 356.61 190.75 Td (s revenue was $476 million in the fourth ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 171.60 Td (quarter) Tj ET Q q 0 0 0 rg BT 106.25 171.60 Td (, an increase of 7% on an underlying basis.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 138.88164062500005 m 132.51611328125 138.88164062500005 l s q 0 0 0 rg BT 72.00 140.45 Td (Other Items ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 121.30 Td (In the fourth quarter of 2015, the Company repurchased 1.4 million shares of its common stock for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 102.20 Td ($75 million. For the year) Tj ET Q q 0 0 0 rg BT 189.39 102.20 Td (, 24.8 million shares were repurchased for $1.4 billion. In 2015, the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 83.05 Td (Company completed 27 acquisitions and investments. Recent activity included Marsh) Tj ET Q q 0 0 0 rg BT 489.40 83.05 Td (s acquisition of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 63.90 Td (UK-based insurance broker Jelf Group and Mercer) Tj ET Q q 0 0 0 rg BT 318.80 63.90 Td () Tj ET Q q 0 0 0 rg BT 321.05 63.90 Td (s acquisition of CPSG Partners, a provider of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 44.75 Td (W) Tj ET Q q 0 0 0 rg BT 82.18 44.75 Td (orkday implementation services.) Tj ET Q endstream endobj 7 0 obj <>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (3) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 741.931640625 m 150.87451171875 741.931640625 l s q 0 0 0 rg BT 72.00 743.50 Td (Conference Call) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 724.40 Td (A) Tj ET Q q 0 0 0 rg BT 78.73 724.40 Td ( conference call to discuss fourth quarter and full-year 2015 results will be held today at 8:30 a.m. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 705.25 Td (Eastern time. ) Tj ET Q q 0 0 0 rg BT 139.66 705.25 Td (T) Tj ET Q q 0 0 0 rg BT 145.16 705.25 Td (o participate in the teleconference, please dial +1 888 427 9421. Callers from outside ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.10 Td (the United States should dial +1 719 325 2474) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 297.98 686.10 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 300.73 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.59 686.10 Td (The access code for both numbers is 3056490. ) Tj ET Q q 0 0 0 rg BT 535.75 686.10 Td (The ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 666.95 Td (live audio webcast may be accessed at ) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 265.82666015625 665.381640625 m 339.7705078125 665.381640625 l s q 0 0 1 rg BT 265.83 666.95 Td (www) Tj ET Q q 0 0 1 rg BT 289.05 666.95 Td (.mmc.com) Tj ET Q BT /F1 11.00 Tf ET q 0 0 1 rg BT 339.77 666.95 Td (.) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 342.52 666.95 Td ( ) Tj ET Q q 0 0 0 rg BT 344.97 666.95 Td (A) Tj ET Q q 0 0 0 rg BT 351.70 666.95 Td ( replay of the webcast will be available ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 647.80 Td (approximately two hours after the event.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 616.70 Td (About Marsh & McLennan Companies) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 597.55 Td (MARSH & McLENNAN COMP) Tj ET Q q 0 0 0 rg BT 219.70 597.55 Td (ANIES \(NYSE: MMC\) is a global professional services firm of) Tj ET Q q 0 0 0 rg BT 517.20 597.55 Td (fering ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 578.40 Td (clients advice and solutions in the areas of risk, strategy and people. ) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 407.693359375 576.831640625 m 438.2548828125 576.831640625 l s q 0 0 1 rg BT 407.69 578.40 Td (Marsh) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 438.25 578.40 Td ( is a leader in insurance ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 559.25 Td (broking and risk management; ) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 223.0244140625 557.681640625 m 295.1689453125 557.681640625 l s q 0 0 1 rg BT 223.02 559.25 Td (Guy Carpenter) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 295.17 559.25 Td ( is a leader in providing risk and reinsurance ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 540.10 Td (intermediary services; ) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 182.0322265625 538.531640625 m 216.2568359375 538.531640625 l s q 0 0 1 rg BT 182.03 540.10 Td (Mercer) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 216.26 540.10 Td ( is a leader in talent, health, retirement, and investment consulting; and) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 519.431640625 m 140.96484375 519.431640625 l s q 0 0 1 rg BT 72.00 521.00 Td (Oliver W) Tj ET Q q 0 0 1 rg BT 114.07 521.00 Td (yman) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 140.96 521.00 Td ( is a leader in management consulting. With annual revenue of $13 billion and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 501.85 Td (approximately 60,000 colleagues worldwide, Marsh & McLennan Companies provides analysis, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 482.70 Td (advice and transactional capabilities to clients in more than 130 countries. ) Tj ET Q q 0 0 0 rg BT 433.79 482.70 Td (The Company is ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 463.55 Td (committed to being a responsible corporate citizen and making a positive impact in the communities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 444.40 Td (in which it operates. V) Tj ET Q q 0 0 0 rg BT 179.41 444.40 Td (isit ) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 195.9111328125 442.831640625 m 269.85498046875 442.831640625 l s q 0 0 1 rg BT 195.91 444.40 Td (www) Tj ET Q q 0 0 1 rg BT 219.14 444.40 Td (.mmc.com) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 269.85 444.40 Td ( for more information and follow us on ) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 456.9462890625 442.831640625 m 498.53466796875 442.831640625 l s q 0 0 1 rg BT 456.95 444.40 Td (LinkedIn) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 498.53 444.40 Td ( and ) Tj ET Q q 0 0 0 rg BT 522.80 444.40 Td (T) Tj ET Q q 0 0 0 rg BT 528.91 444.40 Td (witter ) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 423.731640625 m 147.35107421875 423.731640625 l s q 0 0 1 rg BT 72.00 425.30 Td (@MMC_Global) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 147.35 425.30 Td (.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 744.25 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 108.92 744.25 Td (TION CONCERNING FOR) Tj ET Q q 0 0 0 rg BT 227.62 744.25 Td (W) Tj ET Q q 0 0 0 rg BT 236.51 744.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 322.99 744.25 Td (A) Tj ET Q q 0 0 0 rg BT 329.46 744.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 720.25 Td (This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 708.25 Td (Act of 1995. ) Tj ET Q q 0 0 0 rg BT 118.97 708.25 Td (These statements, which express management's current views concerning future events or results, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 696.25 Td (use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "intend," "plan," "project" and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 684.25 Td (similar terms, and future or conditional tense verbs like "could," "may) Tj ET Q q 0 0 0 rg BT 365.81 684.25 Td (," "might," "should," "will" and "would." ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 672.25 Td (Forward-looking statements are subject to inherent risks and uncertainties that could cause actual results to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 660.25 Td (dif) Tj ET Q q 0 0 0 rg BT 73.38 660.25 Td (fer materially from those expressed or implied in our forward-looking statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 636.25 Td (Factors that could materially af) Tj ET Q q 0 0 0 rg BT 198.99 636.25 Td (fect our future results include, among other things: our ability to maintain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 624.25 Td (adequate safeguards to protect the security of confidential, personal or proprietary information; our ability to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 612.25 Td (compete ef) Tj ET Q q 0 0 0 rg BT 112.29 612.25 Td (fectively and adapt to changes in the competitive environment, including to technological and other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 600.25 Td (types of innovation; the impact of economic, political and market conditions on us and our clients; our ability to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 588.25 Td (successfully recover should we experience a business continuity problem due to cyberattack, natural disaster or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 576.25 Td (otherwise; our exposure to potential civil remedies or criminal penalties if we fail to comply with U.S. and non-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 564.25 Td (U.S. laws and regulations applicable in the jurisdictions in which we operate; the financial and operational impact ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 552.25 Td (of complying with laws and regulations in the jurisdictions in which we operate; our exposure to potential losses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 540.25 Td (and liabilities, including reputational impact, arising from errors and omissions, breach of fiduciary duty and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 528.25 Td (similar claims against us; the impact of fluctuations in exchange and interest rates on our results; the impact of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 516.25 Td (our corporate tax rate relative to our competitors; the ef) Tj ET Q q 0 0 0 rg BT 306.83 516.25 Td (fect of our global pension obligations on our financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 504.25 Td (position, earnings and cash flows; our ability to make acquisitions and dispositions and successfully integrate the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 492.25 Td (businesses we acquire; our ability to incentivize and retain key employees; and the impact of changes in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 480.25 Td (accounting rules or in our accounting estimates or assumptions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 459.25 Td (The factors identified above are not exhaustive. Marsh & McLennan Companies and its subsidiaries operate in a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 447.25 Td (dynamic business environment in which new risks emerge frequently) Tj ET Q q 0 0 0 rg BT 366.29 447.25 Td (. ) Tj ET Q q 0 0 0 rg BT 371.29 447.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 422.24 447.25 Td (, we caution readers not to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 435.25 Td (place reliance on any forward-looking statements, which are based only on information currently available to us ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 423.25 Td (and speak only as of the dates on which they are made. ) Tj ET Q q 0 0 0 rg BT 312.98 423.25 Td (The Company undertakes no obligation to update or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 411.25 Td (revise any forward-looking statement to reflect events or circumstances arising after the date on which it is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 399.25 Td (made. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 378.25 Td (Further information concerning Marsh & McLennan Companies and its businesses, including information about ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 366.25 Td (factors that could materially af) Tj ET Q q 0 0 0 rg BT 195.66 366.25 Td (fect our results of operations and financial condition, is contained in the Company's ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 354.25 Td (filings with the Securities and Exchange Commission, including the "Risk Factors" section and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 342.25 Td ("Management) Tj ET Q q 0 0 0 rg BT 126.96 342.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 204.78 342.25 Td (Analysis of Financial Condition and Results of Operations" section of our most ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 330.25 Td (recently filed ) Tj ET Q q 0 0 0 rg BT 121.36 330.25 Td (Annual Report on Form 10-K.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.70 732.25 Td (Consolidated Statements of Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.75 720.25 Td (\(In millions, except per share figures\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.60 708.25 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 696.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 650.75 m 368.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 368.5 650.75 m 372.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 650.75 m 423.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 650.75 m 481.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 650.75 m 485.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 650.75 m 538.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 368.5 650.75 m 372.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 650.75 m 538.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 636.75 m 368.5 636.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 622.75 m 368.5 622.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 636.75 m 423.5 636.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 622.75 m 423.5 622.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 636.75 m 481.5 636.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 622.75 m 481.5 622.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 636.75 m 538.5 636.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 622.75 m 538.5 622.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 571.75 m 368.5 571.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 571.75 m 423.5 571.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 571.75 m 481.5 571.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 571.75 m 538.5 571.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 571.75 m 368.5 571.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 556.75 m 368.5 556.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 571.75 m 423.5 571.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 556.75 m 423.5 556.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 571.75 m 481.5 571.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 556.75 m 481.5 556.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 571.75 m 538.5 571.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 556.75 m 538.5 556.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 456.75 m 368.5 456.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 456.75 m 423.5 456.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 456.75 m 481.5 456.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 456.75 m 538.5 456.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 456.75 m 368.5 456.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 456.75 m 423.5 456.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 456.75 m 481.5 456.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 456.75 m 538.5 456.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 416.75 m 368.5 416.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 416.75 m 423.5 416.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 416.75 m 481.5 416.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 416.75 m 538.5 416.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 416.75 m 368.5 416.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 416.75 m 423.5 416.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 416.75 m 481.5 416.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 416.75 m 538.5 416.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 376.75 m 368.5 376.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 376.75 m 423.5 376.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 376.75 m 481.5 376.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 376.75 m 538.5 376.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 376.75 m 368.5 376.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 376.75 m 423.5 376.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 376.75 m 481.5 376.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 376.75 m 538.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 331.75 m 368.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 331.75 m 423.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 331.75 m 481.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 331.75 m 538.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 317.75 m 368.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 315.75 m 368.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 317.75 m 423.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 315.75 m 423.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 317.75 m 481.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 315.75 m 481.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 317.75 m 538.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 315.75 m 538.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 287.75 m 368.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 285.75 m 368.5 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 287.75 m 423.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 285.75 m 423.5 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 287.75 m 481.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 285.75 m 481.5 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 287.75 m 538.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 285.75 m 538.5 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 272.75 m 368.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 270.75 m 368.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 272.75 m 423.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 270.75 m 423.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 272.75 m 481.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 270.75 m 481.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 272.75 m 538.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 270.75 m 538.5 270.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 242.75 m 368.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 240.75 m 368.5 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 242.75 m 423.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 240.75 m 423.5 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 242.75 m 481.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 240.75 m 481.5 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 242.75 m 538.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 240.75 m 538.5 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 227.75 m 368.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 225.75 m 368.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 227.75 m 423.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 225.75 m 423.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 227.75 m 481.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 225.75 m 481.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 227.75 m 538.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 225.75 m 538.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 225.75 m 368.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 227.75 m 368.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 225.75 m 423.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 227.75 m 423.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 225.75 m 481.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 227.75 m 481.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 225.75 m 538.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 227.75 m 538.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 197.75 m 368.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 195.75 m 368.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 197.75 m 423.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 195.75 m 423.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 197.75 m 481.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 195.75 m 481.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 197.75 m 538.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 195.75 m 538.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 182.75 m 368.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 180.75 m 368.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 182.75 m 423.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 180.75 m 423.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 182.75 m 481.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 180.75 m 481.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 182.75 m 538.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 180.75 m 538.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 167.75 m 368.5 167.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 165.75 m 368.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 167.75 m 423.5 167.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 165.75 m 423.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 167.75 m 481.5 167.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 165.75 m 481.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 167.75 m 538.5 167.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 165.75 m 538.5 165.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 655.37 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 319.05 665.37 Td (Three Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 335.95 655.37 Td (December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.35 665.37 Td (Twelve Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.95 655.37 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 640.97 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.40 640.97 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.40 640.97 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.40 640.97 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.40 640.97 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 626.97 Td (Revenue) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.00 626.97 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 339.60 626.97 Td (3,338) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 626.97 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.60 626.97 Td (3,246) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.00 626.97 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.05 626.97 Td (12,893) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 626.97 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.05 626.97 Td (12,951) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 606.37 Td (Expense:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 591.37 Td (Compensation and Benefits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 339.60 591.37 Td (1,900) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.60 591.37 Td (1,896) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.60 591.37 Td (7,334) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.60 591.37 Td (7,515) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 576.37 Td (Other Operating Expenses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 576.37 Td (844) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.95 576.37 Td (814) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.60 576.37 Td (3,140) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.60 576.37 Td (3,135) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 561.37 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 79.89 561.37 Td (Operating Expenses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 339.60 561.37 Td (2,744) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.60 561.37 Td (2,710) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.05 561.37 Td (10,474) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.05 561.37 Td (10,650) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 541.37 Td (Operating Income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 541.37 Td (594) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.95 541.37 Td (536) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.60 541.37 Td (2,419) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.60 541.37 Td (2,301) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 521.37 Td (Interest Income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 359.05 521.37 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.05 521.37 Td (5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.50 521.37 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 521.37 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 501.37 Td (Interest Expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 350.15 501.37 Td (\(46) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.65 501.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 501.37 Td (\(36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.65 501.37 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.60 501.37 Td (\(163) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.65 501.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.60 501.37 Td (\(165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 501.37 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 481.37 Td (Cost of Extinguishment of Debt) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.65 481.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.60 481.37 Td (\(137) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.65 481.37 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.65 481.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.60 481.37 Td (\(137) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 481.37 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 461.37 Td (Investment \(Loss\) Income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 355.75 461.37 Td (\(1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.65 461.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 461.37 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.50 461.37 Td (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 461.37 Td (37) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 441.37 Td (Income Before Income Taxes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 441.37 Td (551) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.95 441.37 Td (368) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.60 441.37 Td (2,307) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.60 441.37 Td (2,057) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 421.37 Td (Income Tax Expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 421.37 Td (171) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.50 421.37 Td (99) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.95 421.37 Td (671) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.95 421.37 Td (586) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 401.37 Td (Income from Continuing Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 401.37 Td (380) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.95 401.37 Td (269) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.60 401.37 Td (1,636) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.60 401.37 Td (1,471) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 381.37 Td (Discontinued Operations, Net of Tax) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 359.05 381.37 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.50 381.37 Td (30) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.65 381.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 381.37 Td (26) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 361.37 Td (Net Income Before Non-Controlling Interests) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 361.37 Td (381) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.95 361.37 Td (299) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.60 361.37 Td (1,636) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.60 361.37 Td (1,497) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 346.37 Td (Less: Net Income Attributable to Non-Controlling) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 336.37 Td (Interests) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 359.05 336.37 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.05 336.37 Td (5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.50 336.37 Td (37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 336.37 Td (32) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 321.37 Td (Net Income Attributable to the Company) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.00 321.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 321.37 Td (375) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 321.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.95 321.37 Td (294) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.00 321.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.60 321.37 Td (1,599) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 321.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.60 321.37 Td (1,465) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 306.37 Td (Basic Net Income Per Share) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 291.37 Td (- Continuing Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.00 291.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.15 291.37 Td (0.72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 291.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 291.37 Td (0.49) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.00 291.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.15 291.37 Td (3.01) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 291.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.15 291.37 Td (2.64) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 276.37 Td (- Net Income Attributable to the Company) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.00 276.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.15 276.37 Td (0.72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 276.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 276.37 Td (0.54) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.00 276.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.15 276.37 Td (3.01) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 276.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.15 276.37 Td (2.69) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 261.37 Td (Diluted Net Income Per Share) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 246.37 Td (- Continuing Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.00 246.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.15 246.37 Td (0.71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 246.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 246.37 Td (0.48) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.00 246.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.15 246.37 Td (2.98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 246.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.15 246.37 Td (2.61) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 231.37 Td (- Net Income Attributable to the Company) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.00 231.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.15 231.37 Td (0.71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 231.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 231.37 Td (0.54) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.00 231.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.15 231.37 Td (2.98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 231.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.15 231.37 Td (2.65) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 216.37 Td (Average Number of Shares Outstanding) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.50 201.37 Td (- Basic) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 201.37 Td (522) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.95 201.37 Td (541) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.95 201.37 Td (531) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.95 201.37 Td (545) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.50 186.37 Td (- Diluted) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 186.37 Td (527) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.95 186.37 Td (548) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.95 186.37 Td (536) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.95 186.37 Td (553) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 171.37 Td (Shares Outstanding at 12/31) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 171.37 Td (522) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.95 171.37 Td (540) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.95 171.37 Td (522) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.95 171.37 Td (540) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 204.00 732.25 Td (Supplemental Information - Revenue ) Tj ET Q q 0 0 0 rg BT 380.32 732.25 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 216.85 720.25 Td (Three Months Ended December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 708.25 Td (\(Millions\) \(Unaudited\)) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 683.75 m 435.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 435.5 683.75 m 439.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 439.5 683.75 m 502.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.5 683.75 m 506.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 683.75 m 561.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 656.75 m 271.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 271.5 656.75 m 275.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 656.75 m 324.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 656.75 m 271.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 645.75 m 271.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 271.5 656.75 m 275.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 656.75 m 324.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 645.75 m 324.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 645.75 m 435.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 439.5 645.75 m 502.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 645.75 m 561.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 645.75 m 382.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 607.75 m 271.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 607.75 m 324.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 607.75 m 271.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 607.75 m 324.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 583.75 m 271.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 583.75 m 324.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 583.75 m 271.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 572.75 m 271.5 572.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 583.75 m 324.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 572.75 m 324.5 572.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 526.75 m 271.5 526.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 526.75 m 324.5 526.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 526.75 m 271.5 526.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 511.75 m 271.5 511.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 526.75 m 324.5 526.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 511.75 m 324.5 511.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 511.75 m 271.5 511.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 498.75 m 271.5 498.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 511.75 m 324.5 511.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 498.75 m 324.5 498.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 498.75 m 271.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 482.75 m 271.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 480.75 m 271.5 480.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 498.75 m 324.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 482.75 m 324.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 480.75 m 324.5 480.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 688.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.00 688.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.00 688.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.95 688.15 Td (Components of Revenue Change*) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 661.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 228.95 670.15 Td (Three Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.20 661.15 Td (December 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.20 668.15 Td (% Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.05 659.15 Td (GAAP) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.20 650.15 Td (Revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.70 659.15 Td (Currency) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 650.15 Td (Impact) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.20 668.15 Td (Acquisitions/) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 659.15 Td (Dispositions ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.95 650.15 Td (Impact) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.95 659.15 Td (Underlying) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.70 650.15 Td (Revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.95 647.75 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.95 647.75 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 636.15 Td (Risk and Insurance Services) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 622.70 Td (Marsh) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 622.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 622.70 Td (1,510) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 622.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 622.70 Td (1,473) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.90 622.70 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 622.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 622.70 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 622.70 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.90 622.70 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 622.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 622.70 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 622.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 610.70 Td (Guy Carpenter) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 610.70 Td (217) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 610.70 Td (212) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.90 610.70 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 610.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 610.70 Td (\(3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 610.70 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.90 610.70 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 610.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 610.70 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 610.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 598.70 Td ( Subtotal) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 598.70 Td (1,727) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 598.70 Td (1,685) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.90 598.70 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 598.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 598.70 Td (\(5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 598.70 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.90 598.70 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 598.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 598.70 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 598.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 586.70 Td (Fiduciary Interest Income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.95 586.70 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.95 586.70 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 574.75 Td ( Total Risk and Insurance Services) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 574.75 Td (1,732) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 574.75 Td (1,691) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.90 574.75 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 574.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 574.75 Td (\(5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 574.75 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.90 574.75 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 574.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 574.75 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 574.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 561.15 Td (Consulting) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.00 561.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 546.15 Td (Mercer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 546.15 Td (1,140) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 546.15 Td (1,106) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.90 546.15 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 546.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 546.15 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 546.15 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.90 546.15 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 546.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 546.15 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 546.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 531.15 Td (Oliver Wyman Group) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 531.15 Td (476) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 531.15 Td (460) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.90 531.15 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 531.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 531.15 Td (\(4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 531.15 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.90 531.15 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 531.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 531.15 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 531.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 516.15 Td ( Total Consulting) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 516.15 Td (1,616) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 516.15 Td (1,566) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.90 516.15 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 516.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 516.15 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 516.15 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.90 516.15 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 516.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 516.15 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 516.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 502.70 Td (Corporate / Eliminations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.95 502.70 Td (\(10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.00 502.70 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.95 502.70 Td (\(11) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.00 502.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 486.15 Td ( Total Revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 486.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 486.15 Td (3,338) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 486.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 486.15 Td (3,246) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.90 486.15 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 486.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 486.15 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 486.15 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.90 486.15 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 486.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 486.15 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 486.15 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.50 459.45 Td (Revenue Details) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 67.50 437.85 Td (The following table provides more detailed revenue information for certain of the components presented above:) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 413.35 m 435.5 413.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 435.5 413.35 m 440.5 413.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 413.35 m 503.5 413.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 413.35 m 507.5 413.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507.5 413.35 m 562.5 413.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 389.35 m 271.5 389.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 271.5 389.35 m 275.5 389.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 389.35 m 324.5 389.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 389.35 m 271.5 389.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 376.35 m 271.5 376.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 389.35 m 324.5 389.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 376.35 m 324.5 376.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 376.35 m 382.5 376.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 386.5 376.35 m 435.5 376.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 376.35 m 503.5 376.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507.5 376.35 m 562.5 376.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 326.35 m 271.5 326.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 326.35 m 324.5 326.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 302.35 m 271.5 302.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 302.35 m 271.5 302.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 291.35 m 271.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 289.35 m 271.5 289.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 302.35 m 324.5 302.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 291.35 m 324.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 289.35 m 324.5 289.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 221.35000000000002 m 271.5 221.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 206.35000000000002 m 271.5 206.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 204.35000000000002 m 271.5 204.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 221.35000000000002 m 324.5 221.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 206.35000000000002 m 324.5 206.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 204.35000000000002 m 324.5 204.35000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 417.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.00 417.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.00 417.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.45 417.75 Td (Components of Revenue Change*) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 393.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 228.95 402.75 Td (Three Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.20 393.75 Td (December 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.20 398.75 Td (% Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.05 389.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 367.89 389.75 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.20 380.75 Td (Revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.70 389.75 Td (Currency) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 380.75 Td (Impact) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.20 398.75 Td (Acquisitions/) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 389.75 Td (Dispositions ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.95 380.75 Td (Impact) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.95 389.75 Td (Underlying) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.70 380.75 Td (Revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 380.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.95 380.30 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.95 380.30 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 366.75 Td (Marsh:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.00 366.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 366.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.00 366.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.00 366.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.00 366.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 366.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 353.30 Td (EMEA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 353.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 353.30 Td (468) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 353.30 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 353.30 Td (471) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.95 353.30 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.00 353.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 353.30 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 353.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 353.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 353.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.90 353.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 353.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 341.30 Td (Asia Pacific) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 341.30 Td (156) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 341.30 Td (163) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.95 341.30 Td (\(5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.00 341.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 341.30 Td (\(9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 341.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 341.30 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 341.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.90 341.30 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 341.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 329.30 Td (Latin America) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 329.30 Td (118) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 329.30 Td (128) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.95 329.30 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.00 329.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.95 329.30 Td (\(20) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 329.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.00 329.30 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.90 329.30 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 329.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 317.30 Td ( Total International) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 317.30 Td (742) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 317.30 Td (762) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.95 317.30 Td (\(3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.00 317.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.95 317.30 Td (\(10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 317.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 317.30 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 317.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.90 317.30 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 317.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 305.30 Td (U.S. / Canada) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 305.30 Td (768) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 305.30 Td (711) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.95 305.30 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 305.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 305.30 Td (\(2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 305.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 305.30 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 305.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.90 305.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 305.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 293.30 Td ( Total Marsh) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 293.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 293.30 Td (1,510) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 293.30 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 293.30 Td (1,473) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.95 293.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 293.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 293.30 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 293.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 293.30 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 293.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.90 293.30 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 293.30 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 275.75 Td (Mercer:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.00 275.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 262.30 Td (Health) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 262.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 262.30 Td (389) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 262.30 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 262.30 Td (380) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.95 262.30 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 262.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 262.30 Td (\(3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 262.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.95 262.30 Td (\(2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.00 262.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.90 262.30 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 262.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 250.30 Td (Retirement) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 250.30 Td (372) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 250.30 Td (343) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.95 250.30 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 250.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 250.30 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 250.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.95 250.30 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 250.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.90 250.30 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 250.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 238.30 Td (Investments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 238.30 Td (204) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 238.30 Td (214) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.95 238.30 Td (\(5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.00 238.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.95 238.30 Td (\(10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 238.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 238.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 238.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.90 238.30 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 238.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 225.30 Td (Talent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 225.30 Td (175) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 225.30 Td (169) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.95 225.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 225.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 225.30 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 225.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 225.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 225.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.90 225.30 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 225.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 209.75 Td ( Total Mercer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 209.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 209.75 Td (1,140) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 209.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 209.75 Td (1,106) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.95 209.75 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.95 209.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 209.75 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 209.75 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 209.75 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 209.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.90 209.75 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 209.75 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.00 205.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 174.35 Td (Notes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 161.75 Td (Underlying revenue measures the change in revenue using consistent currency exchange rates, excluding the) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 152.75 Td (impact of certain items that affect comparability such as: acquisitions, dispositions and transfers among businesses.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 143.75 Td (The impact of the gain from the disposal of Mercer's U.S. defined contribution recordkeeping business is included in) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 134.75 Td (acquisitions/dispositions in Mercer's Retirement business.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 116.30 Td (* Components of revenue change may not add due to rounding.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 204.00 732.25 Td (Supplemental Information - Revenue ) Tj ET Q q 0 0 0 rg BT 380.32 732.25 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 214.15 720.25 Td (T) Tj ET Q q 0 0 0 rg BT 219.52 720.25 Td (welve Months Ended December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 708.25 Td (\(Millions\) \(Unaudited\)) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.5 683.75 m 432.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 683.75 m 436.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 683.75 m 502.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.5 683.75 m 506.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 683.75 m 561.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 656.75 m 271.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 271.5 656.75 m 275.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 656.75 m 324.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 656.75 m 271.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 645.75 m 271.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 271.5 656.75 m 275.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 656.75 m 324.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 645.75 m 324.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506.5 645.75 m 561.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 645.75 m 380.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.5 645.75 m 432.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 645.75 m 502.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 607.75 m 271.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 607.75 m 324.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 607.75 m 271.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 607.75 m 324.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 583.75 m 271.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 583.75 m 324.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 583.75 m 271.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 572.75 m 271.5 572.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 583.75 m 324.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 572.75 m 324.5 572.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 529.75 m 271.5 529.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 529.75 m 324.5 529.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 529.75 m 271.5 529.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 517.75 m 271.5 517.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 529.75 m 324.5 529.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 517.75 m 324.5 517.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 517.75 m 271.5 517.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 504.75 m 271.5 504.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 517.75 m 324.5 517.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 504.75 m 324.5 504.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 504.75 m 271.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 488.75 m 271.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 486.75 m 271.5 486.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 504.75 m 324.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 488.75 m 324.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 486.75 m 324.5 486.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 688.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.00 688.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.00 688.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.95 688.15 Td (Components of Revenue Change*) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 661.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.55 670.15 Td (Twelve Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.20 661.15 Td (December 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.20 668.15 Td (% Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.05 659.15 Td (GAAP) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.20 650.15 Td (Revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.20 659.15 Td (Currency) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.45 650.15 Td (Impact) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.70 668.15 Td (Acquisitions/) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.95 659.15 Td (Dispositions ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 650.15 Td (Impact) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.95 659.15 Td (Underlying) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.70 650.15 Td (Revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.95 647.75 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.95 647.75 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 636.15 Td (Risk and Insurance Services) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 636.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 622.70 Td (Marsh) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 622.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 622.70 Td (5,727) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 622.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 622.70 Td (5,753) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.00 622.70 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 622.70 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 622.70 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.95 622.70 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 622.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 622.70 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 622.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 610.70 Td (Guy Carpenter) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 610.70 Td (1,121) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 610.70 Td (1,154) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.95 610.70 Td (\(3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 610.70 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 610.70 Td (\(4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 610.70 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.95 610.70 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.00 610.70 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 610.70 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 610.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 598.70 Td ( Subtotal) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 598.70 Td (6,848) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 598.70 Td (6,907) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.95 598.70 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 598.70 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 598.70 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 598.70 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.95 598.70 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 598.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 598.70 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 598.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 586.70 Td (Fiduciary Interest Income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.95 586.70 Td (21) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.95 586.70 Td (24) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 574.75 Td ( Total Risk and Insurance Services) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 574.75 Td (6,869) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 574.75 Td (6,931) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.95 574.75 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 574.75 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 574.75 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 574.75 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.95 574.75 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 574.75 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 574.75 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 574.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 561.15 Td (Consulting) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.00 561.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 546.15 Td (Mercer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 546.15 Td (4,313) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 546.15 Td (4,350) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.95 546.15 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 546.15 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 546.15 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 546.15 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.95 546.15 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 546.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 546.15 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 546.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 532.70 Td (Oliver Wyman Group) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 532.70 Td (1,751) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 532.70 Td (1,709) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.95 532.70 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.95 532.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 532.70 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 532.70 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.95 532.70 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 532.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 532.70 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 532.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 520.70 Td ( Total Consulting) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 520.70 Td (6,064) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 520.70 Td (6,059) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.00 520.70 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 520.70 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 520.70 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.95 520.70 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 520.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 520.70 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 520.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 508.70 Td (Corporate / Eliminations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.95 508.70 Td (\(40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.00 508.70 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.95 508.70 Td (\(39) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.00 508.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 492.15 Td ( Total Revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 492.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.45 492.15 Td (12,893) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 492.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.45 492.15 Td (12,951) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.00 492.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 492.15 Td (\(6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 492.15 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.95 492.15 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.95 492.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 492.15 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 492.15 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.50 448.45 Td (Revenue Details) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 67.50 426.85 Td (The following table provides more detailed revenue information for certain of the components presented above:) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.5 402.35 m 432.5 402.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 402.35 m 437.5 402.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 402.35 m 503.5 402.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.5 402.35 m 507.5 402.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507.5 402.35 m 561.5 402.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 378.35 m 271.5 378.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 271.5 378.35 m 275.5 378.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 378.35 m 324.5 378.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 378.35 m 271.5 378.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 365.35 m 271.5 365.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 271.5 378.35 m 275.5 378.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 378.35 m 324.5 378.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 365.35 m 324.5 365.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328.5 365.35 m 380.5 365.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.5 365.35 m 432.5 365.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.5 365.35 m 503.5 365.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 507.5 365.35 m 561.5 365.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 315.35 m 271.5 315.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 315.35 m 324.5 315.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 291.35 m 271.5 291.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 291.35 m 324.5 291.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 280.35 m 271.5 280.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 278.35 m 271.5 278.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 280.35 m 324.5 280.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 278.35 m 324.5 278.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 209.35000000000002 m 271.5 209.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 197.35000000000002 m 271.5 197.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 195.35000000000002 m 271.5 195.35000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275.5 209.35000000000002 m 324.5 209.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 197.35000000000002 m 324.5 197.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 195.35000000000002 m 324.5 195.35000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 406.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.00 406.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.00 406.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.95 406.75 Td (Components of Revenue Change*) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 382.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.55 391.75 Td (Twelve Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.20 382.75 Td (December 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.20 387.75 Td (% Change) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.05 378.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 366.89 378.75 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.20 369.75 Td (Revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.20 378.75 Td (Currency) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.45 369.75 Td (Impact) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.70 387.75 Td (Acquisitions/) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.95 378.75 Td (Dispositions ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.45 369.75 Td (Impact) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 378.75 Td (Underlying) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.20 369.75 Td (Revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 369.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.95 369.30 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.95 369.30 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 355.75 Td (Marsh:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.00 355.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 355.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.00 355.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.00 355.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.00 355.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 355.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 342.30 Td (EMEA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 342.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 342.30 Td (1,848) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 342.30 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 342.30 Td (1,980) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.95 342.30 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 342.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.95 342.30 Td (\(10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 342.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 342.30 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 342.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 342.30 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 342.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 330.30 Td (Asia Pacific) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 330.30 Td (636) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 330.30 Td (683) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.95 330.30 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 330.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.95 330.30 Td (\(10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 330.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 330.30 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 330.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 330.30 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 330.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 318.30 Td (Latin America) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 318.30 Td (380) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 318.30 Td (413) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.95 318.30 Td (\(8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 318.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.95 318.30 Td (\(18) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 318.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 318.30 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 318.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 318.30 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 318.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 306.30 Td ( Total International) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 306.30 Td (2,864) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 306.30 Td (3,076) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.95 306.30 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 306.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.95 306.30 Td (\(11) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 306.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 306.30 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 306.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 306.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 306.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 294.30 Td (U.S. / Canada) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 294.30 Td (2,863) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 294.30 Td (2,677) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.95 294.30 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.95 294.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 294.30 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 294.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 294.30 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 294.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 294.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 294.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 282.30 Td ( Total Marsh) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 282.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 282.30 Td (5,727) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 282.30 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 282.30 Td (5,753) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.00 282.30 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 282.30 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 282.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 282.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 282.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 282.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 282.30 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 264.75 Td (Mercer:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.00 264.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 251.30 Td (Health) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 251.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 251.30 Td (1,558) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 251.30 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 251.30 Td (1,553) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.00 251.30 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 251.30 Td (\(3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 251.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.95 251.30 Td (\(2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.00 251.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 251.30 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 251.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 238.30 Td (Retirement) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 238.30 Td (1,345) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 238.30 Td (1,375) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.95 238.30 Td (\(2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 238.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 238.30 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 238.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 238.30 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 238.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 238.30 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 226.30 Td (Investments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 226.30 Td (818) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 226.30 Td (836) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.95 226.30 Td (\(2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 226.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.95 226.30 Td (\(12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 226.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 226.30 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 226.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 226.30 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 226.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 213.30 Td (Talent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.95 213.30 Td (592) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.95 213.30 Td (586) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.95 213.30 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.95 213.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 213.30 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 213.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 213.30 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 213.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 213.30 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 213.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 200.30 Td ( Total Mercer) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 200.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.45 200.30 Td (4,313) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.00 200.30 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.45 200.30 Td (4,350) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.95 200.30 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.00 200.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 200.30 Td (\(7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.00 200.30 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 200.30 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.95 200.30 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 547.90 200.30 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.95 200.30 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.00 179.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 148.30 Td (Notes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 132.75 Td (Underlying revenue measures the change in revenue using consistent currency exchange rates, excluding the) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 123.75 Td (impact of certain items that affect comparability such as: acquisitions, dispositions and transfers among businesses.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 114.75 Td (The impact of the gain from the disposal of Mercer's U.S. defined contribution recordkeeping business is included in) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 105.75 Td (acquisitions/dispositions in Mercer's Retirement business.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 86.75 Td (* Components of revenue change may not add due to rounding.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 262.55 732.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 314.03 732.25 Td ( Measures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.75 720.25 Td (Three Months Ended December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 708.25 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 677.43 Td (The Company presents below certain additional financial measures that are "non-GAAP) Tj ET Q q 0 0 0 rg BT 376.42 677.43 Td ( measures," within the meaning of Regulation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 669.43 Td (G under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 185.18 669.43 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 229.96 669.43 Td (These measures are: ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 307.77 669.43 Td (adjusted operating income \(loss\); adjusted operating margin; ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.78 669.43 Td (and) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 538.13 669.43 Td ( ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 66.00 661.43 Td (adjusted income, net of tax.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 645.98 Td (The Company presents these non-GAAP measures to provide investors with additional information to analyze the Company's) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 637.98 Td (performance from period to period.Management also uses these measures to assess performance for incentive compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 629.98 Td (purposes and to allocate resources in managing the Company's businesses.However, investors should not consider these non-GAAP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 621.98 Td (measures in isolation from, or as a substitute for, the financial information that the Company reports in accordance with GAAP.The) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 613.98 Td (Company's non-GAAP measures reflect subjective determinations by management, and may differ from similarly titled non-GAAP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 605.98 Td (measures presented by other companies.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 584.98 Td (Adjusted Operating Income \(Loss\) and Adjusted Operating Margin) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 66.00 567.73 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.50 567.73 Td ( is calculated by excluding the impact of certain noteworthy items from the Company's GAAP) Tj ET Q q 0 0 0 rg BT 510.26 567.73 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 559.73 Td (operating income or loss.) Tj ET Q q 0 0 0 rg BT 157.46 559.73 Td (The following tables identify these noteworthy items and reconcile adjusted operating income \(loss\) to GAAP) Tj ET Q q 0 0 0 rg BT 541.07 559.73 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 551.73 Td (operating income or loss, on a consolidated and segment basis, for the three months ended December 31, 2015 and 2014.) Tj ET Q q 0 0 0 rg BT 502.58 551.73 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 543.73 Td (following tables also present ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 168.73 543.73 Td (adjusted operating margin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.23 543.73 Td (, which is calculated by dividing adjusted operating income by consolidated or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 535.73 Td (segment GAAP) Tj ET Q q 0 0 0 rg BT 120.99 535.73 Td ( revenue less the gain on the disposal of Mercer's U.S. defined contribution recordkeeping business.) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 63.5 468.75 m 273.5 468.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 482.75 m 343.5 482.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 482.75 m 413.5 482.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 482.75 m 483.5 482.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 482.75 m 552.5 482.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 454.75 m 343.5 454.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 454.75 m 413.5 454.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 454.75 m 483.5 454.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 454.75 m 552.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 398.75 m 343.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 398.75 m 413.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 398.75 m 483.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 398.75 m 552.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 384.75 m 343.5 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 384.75 m 413.5 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 384.75 m 483.5 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 384.75 m 552.5 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 371.75 m 343.5 371.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 369.75 m 343.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 371.75 m 413.5 371.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 369.75 m 413.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 371.75 m 483.5 371.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 369.75 m 483.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 371.75 m 552.5 371.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 369.75 m 552.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 357.75 m 343.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 355.75 m 343.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 357.75 m 413.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 355.75 m 413.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 357.75 m 483.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 355.75 m 483.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 357.75 m 552.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 355.75 m 552.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 343.75 m 343.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 341.75 m 343.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 343.75 m 413.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 341.75 m 413.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 343.75 m 483.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 341.75 m 483.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 343.75 m 552.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 341.75 m 552.5 341.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 63.5 312.75 m 273.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 298.75 m 343.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 298.75 m 413.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 298.75 m 483.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 298.75 m 552.5 298.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 256.75 m 343.5 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 242.75 m 343.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 256.75 m 413.5 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 242.75 m 413.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 256.75 m 483.5 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 242.75 m 483.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 256.75 m 552.5 256.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 242.75 m 552.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 229.75 m 343.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 227.75 m 343.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 229.75 m 413.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 227.75 m 413.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 229.75 m 483.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 227.75 m 483.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 229.75 m 552.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 227.75 m 552.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 215.75 m 343.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 213.75 m 343.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 215.75 m 413.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 213.75 m 413.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 215.75 m 483.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 213.75 m 483.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 215.75 m 552.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 213.75 m 552.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 201.75 m 343.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 199.75 m 343.5 199.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 201.75 m 413.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 199.75 m 413.5 199.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 201.75 m 483.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 199.75 m 483.5 199.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 201.75 m 552.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 199.75 m 552.5 199.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 487.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.45 505.15 Td (Risk &) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.20 496.15 Td (Insurance) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.95 487.15 Td (Services) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.00 487.15 Td (Consulting) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.70 496.15 Td (Corporate/) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.70 487.15 Td (Eliminations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.55 487.15 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 473.15 Td (Three Months Ended December 31, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 473.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 473.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 473.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 473.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 459.15 Td (Operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 459.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.90 459.15 Td (354) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 459.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.90 459.15 Td (294) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.00 459.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.60 459.15 Td (\(54) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.65 459.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.00 459.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.90 459.15 Td (594) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 445.15 Td (Add \(Deduct\) impact of Noteworthy Items:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 431.15 Td (Restructuring charges \(a\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 329.90 431.15 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.90 431.15 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.60 431.15 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 431.15 Td (20) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 417.15 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 329.90 417.15 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 417.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.65 417.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.90 417.15 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 403.15 Td (Disposal of business \(c\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.95 403.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.90 403.15 Td (\(37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 403.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.65 403.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.90 403.15 Td (\(37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 403.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 389.15 Td ( Operating income adjustments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.90 389.15 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.90 389.15 Td (\(29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 389.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.60 389.15 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.90 389.15 Td (\(12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 389.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 375.15 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 375.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.90 375.15 Td (364) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 375.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.90 375.15 Td (265) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.00 375.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.60 375.15 Td (\(47) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.65 375.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.00 375.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.90 375.15 Td (582) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 361.15 Td (Operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.40 361.15 Td (20.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.95 361.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 361.15 Td (18.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 361.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.80 361.15 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.40 361.15 Td (17.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 361.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 347.15 Td (Adjusted operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.40 347.15 Td (21.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.95 347.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 347.15 Td (16.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 347.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.80 347.15 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.40 347.15 Td (17.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 347.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 317.15 Td (Three Months Ended December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 340.00 317.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.00 317.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.00 317.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 317.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 303.15 Td (Operating income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 303.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.90 303.15 Td (339) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 303.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.90 303.15 Td (250) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 303.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.60 303.15 Td (\(53) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 303.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 303.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.90 303.15 Td (536) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 289.15 Td (Add impact of Noteworthy Items:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 275.15 Td (Restructuring charges \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.90 275.15 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.90 275.15 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.65 275.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.90 275.15 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 261.15 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.90 261.15 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.95 261.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.65 261.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.90 261.15 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 247.15 Td ( Operating income adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.90 247.15 Td (16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.90 247.15 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.65 247.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.90 247.15 Td (17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 233.15 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 233.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.90 233.15 Td (355) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 233.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.90 233.15 Td (251) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 233.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.60 233.15 Td (\(53) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 233.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 233.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.90 233.15 Td (553) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 219.15 Td (Operating margin) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.40 219.15 Td (20.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.95 219.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.40 219.15 Td (16.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.95 219.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 219.15 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 219.15 Td (16.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 219.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 205.15 Td (Adjusted operating margin) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.40 205.15 Td (21.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.95 205.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.40 205.15 Td (16.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.95 205.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 205.15 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 205.15 Td (17.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 205.15 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 201.25 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 170.06 Td (\(a\) Primarily severance for center led initiatives, future rent under non-cancellable leases, and integration costs related to recent) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 161.56 Td (acquisitions.) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 145.06 Td (\(b\) Primarily includes the change in fair value as measured each quarter of contingent consideration related to acquisitions.) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 125.56 Td (\(c\) Relates to a gain on the disposal of Mercer's U.S. defined contribution recordkeeping business. ) Tj ET Q q 0 0 0 rg BT 437.91 125.56 Td (This $37 million gain is also ) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 117.06 Td (removed from GAAP) Tj ET Q q 0 0 0 rg BT 144.26 117.06 Td ( revenue in the calculation of adjusted operating margin.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 312.75 65.25 Td ( ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 262.55 732.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 314.03 732.25 Td ( Measures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 228.05 720.25 Td (T) Tj ET Q q 0 0 0 rg BT 233.42 720.25 Td (welve Months Ended December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 708.25 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 677.43 Td (The Company presents below certain additional financial measures that are "non-GAAP) Tj ET Q q 0 0 0 rg BT 376.42 677.43 Td ( measures," within the meaning of Regulation G ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 669.43 Td (under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 176.74 669.43 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 221.51 669.43 Td (These measures are: ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 299.32 669.43 Td (adjusted operating income \(loss\); adjusted operating margin; ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.34 669.43 Td (and) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 529.68 669.43 Td ( ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 66.00 661.43 Td (adjusted income, net of tax.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 645.98 Td (The Company presents these non-GAAP measures to provide investors with additional information to analyze the Company's) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 637.98 Td (performance from period to period.Management also uses these measures to assess performance for incentive compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 629.98 Td (purposes and to allocate resources in managing the Company's businesses.However, investors should not consider these non-GAAP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 621.98 Td (measures in isolation from, or as a substitute for, the financial information that the Company reports in accordance with GAAP.The) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 613.98 Td (Company's non-GAAP measures reflect subjective determinations by management, and may differ from similarly titled non-GAAP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 605.98 Td (measures presented by other companies.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 584.98 Td (Adjusted Operating Income \(Loss\) and Adjusted Operating Margin) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 66.00 572.43 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.50 572.43 Td ( is calculated by excluding the impact of certain noteworthy items from the Company's GAAP) Tj ET Q q 0 0 0 rg BT 510.26 572.43 Td ( operating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 564.43 Td (income or loss.) Tj ET Q q 0 0 0 rg BT 121.88 564.43 Td (The following tables identify these noteworthy items and reconcile adjusted operating income \(loss\) to GAAP) Tj ET Q q 0 0 0 rg BT 505.49 564.43 Td ( operating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 556.43 Td (income or loss, on a consolidated and segment basis, for the twelve months ended December 31, 2015 and 2014.) Tj ET Q q 0 0 0 rg BT 471.44 556.43 Td (The following tables ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 548.43 Td (also present ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 111.80 548.43 Td (adjusted operating margin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.31 548.43 Td (, which is calculated by dividing adjusted operating income by consolidated or segment GAAP) Tj ET Q q 0 0 0 rg BT 535.91 548.43 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 540.43 Td (revenue less the gain on the disposal of Mercer's U.S. defined contribution recordkeeping business.) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 63.5 478.75 m 273.5 478.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 492.75 m 343.5 492.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 492.75 m 413.5 492.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 492.75 m 483.5 492.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 492.75 m 552.5 492.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 464.75 m 343.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 464.75 m 413.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 464.75 m 483.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 464.75 m 552.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 394.75 m 343.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 394.75 m 413.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 394.75 m 483.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 394.75 m 552.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 394.75 m 343.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 380.75 m 343.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 394.75 m 413.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 380.75 m 413.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 394.75 m 483.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 380.75 m 483.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 394.75 m 552.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 380.75 m 552.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 367.75 m 343.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 365.75 m 343.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 367.75 m 413.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 365.75 m 413.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 367.75 m 483.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 365.75 m 483.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 367.75 m 552.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 365.75 m 552.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 353.75 m 343.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 351.75 m 343.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 353.75 m 413.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 351.75 m 413.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 353.75 m 483.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 351.75 m 483.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 353.75 m 552.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 351.75 m 552.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 339.75 m 343.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 337.75 m 343.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 339.75 m 413.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 337.75 m 413.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 339.75 m 483.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 337.75 m 483.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 339.75 m 552.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 337.75 m 552.5 337.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 63.5 308.75 m 273.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 294.75 m 343.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 294.75 m 413.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 294.75 m 483.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 294.75 m 552.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 238.75 m 343.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 238.75 m 413.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 238.75 m 483.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 238.75 m 552.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 238.75 m 343.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 224.75 m 343.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 238.75 m 413.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 224.75 m 413.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 238.75 m 483.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 224.75 m 483.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 238.75 m 552.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 224.75 m 552.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 211.75 m 343.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 209.75 m 343.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 211.75 m 413.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 209.75 m 413.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 211.75 m 483.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 209.75 m 483.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 211.75 m 552.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 209.75 m 552.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 197.75 m 343.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 195.75 m 343.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 197.75 m 413.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 195.75 m 413.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 197.75 m 483.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 195.75 m 483.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 197.75 m 552.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 195.75 m 552.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 183.75 m 343.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 181.75 m 343.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 183.75 m 413.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 181.75 m 413.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 183.75 m 483.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 181.75 m 483.5 181.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 183.75 m 552.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 181.75 m 552.5 181.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 497.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.45 515.15 Td (Risk &) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.20 506.15 Td (Insurance) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.95 497.15 Td (Services) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.00 497.15 Td (Consulting) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.70 506.15 Td (Corporate/) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.70 497.15 Td (Eliminations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.55 497.15 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 483.15 Td (Twelve Months Ended December 31, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 483.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 483.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 483.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 483.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 469.15 Td (Operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.40 469.15 Td (1,539) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.40 469.15 Td (1,075) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.60 469.15 Td (\(195) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.65 469.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.40 469.15 Td (2,419) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 455.15 Td (Add \(Deduct\) impact of Noteworthy Items:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 441.15 Td (Restructuring charges \(a\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 329.90 441.15 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.90 441.15 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.60 441.15 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 441.15 Td (28) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 427.15 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.90 427.15 Td (56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.90 427.15 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 427.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.65 427.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 427.15 Td (51) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 413.15 Td (Disposal of business \(c\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.95 413.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.90 413.15 Td (\(37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 413.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.65 413.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.90 413.15 Td (\(37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 413.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 399.15 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.95 399.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 399.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.60 399.15 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.65 399.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 399.15 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 399.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 385.15 Td ( Operating income adjustments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.90 385.15 Td (64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.90 385.15 Td (\(34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 385.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.60 385.15 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 385.15 Td (41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 371.15 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 371.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.40 371.15 Td (1,603) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 371.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.40 371.15 Td (1,041) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.00 371.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.60 371.15 Td (\(184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.65 371.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.00 371.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.40 371.15 Td (2,460) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 357.15 Td (Operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.40 357.15 Td (22.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.95 357.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 357.15 Td (17.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 357.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.80 357.15 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.40 357.15 Td (18.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 357.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 343.15 Td (Adjusted operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.40 343.15 Td (23.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.95 343.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 343.15 Td (17.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 343.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.80 343.15 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.40 343.15 Td (19.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 343.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 313.15 Td (Twelve Months Ended December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 340.00 313.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.00 313.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.00 313.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 313.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 299.15 Td (Operating income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 299.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.40 299.15 Td (1,509) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 299.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.90 299.15 Td (996) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 299.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.60 299.15 Td (\(204) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 299.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 299.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.40 299.15 Td (2,301) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 285.15 Td (Add impact of Noteworthy Items:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 271.15 Td (Restructuring charges \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.90 271.15 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.90 271.15 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.60 271.15 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.90 271.15 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 257.15 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.90 257.15 Td (37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.95 257.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.65 257.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.90 257.15 Td (37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 243.15 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.95 243.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.95 243.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.60 243.15 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 243.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.90 243.15 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 243.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 229.15 Td ( Operating income adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.90 229.15 Td (42) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.90 229.15 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.60 229.15 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.90 229.15 Td (48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 215.15 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 215.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.40 215.15 Td (1,551) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 215.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.90 215.15 Td (997) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 215.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.60 215.15 Td (\(199) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 215.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 215.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.40 215.15 Td (2,349) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 201.15 Td (Operating margin) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.40 201.15 Td (21.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.95 201.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.40 201.15 Td (16.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.95 201.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 201.15 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 201.15 Td (17.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 201.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 187.15 Td (Adjusted operating margin) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.40 187.15 Td (22.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.95 187.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.40 187.15 Td (16.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.95 187.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 187.15 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 187.15 Td (18.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 187.15 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 183.25 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 164.06 Td (\(a\) Primarily severance for center led initiatives, future rent under non-cancellable leases, and integration costs related to) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 155.56 Td (recent acquisitions.) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 135.06 Td (\(b\) Primarily includes the change in fair value as measured each quarter of contingent consideration related to acquisitions.) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 119.56 Td (\(c\) Relates to a gain on the disposal of Mercer's U.S. defined contribution recordkeeping business. This $37 million gain is) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 111.06 Td (also removed from GAAP revenue in the calculation of adjusted operating margin.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.75 59.25 Td () Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 28.75 Td (10) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 262.55 732.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 314.03 732.25 Td ( Measures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 202.80 720.25 Td (Three and T) Tj ET Q q 0 0 0 rg BT 258.73 720.25 Td (welve Months Ended December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 708.25 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 676.15 Td (Adjusted income, net of tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 662.70 Td (Adjusted income, net of tax is calculated as: the Company) Tj ET Q q 0 0 0 rg BT 298.96 662.70 Td (s GAAP) Tj ET Q q 0 0 0 rg BT 330.81 662.70 Td ( income from continuing operations, adjusted to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 653.70 Td (reflect \(i\) the after-tax impact of the operating income adjustments set forth in the preceding tables and \(ii\) for ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 644.70 Td (2014, due to its significance, the cost of extinguishment of debt of $137 million. ) Tj ET Q q 0 0 0 rg BT 381.69 644.70 Td (Adjusted diluted EPS is calculated ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 635.70 Td (as ) Tj ET Q q 0 0 0 rg BT 77.51 635.70 Td (Adjusted income, net of tax, divided by MMC's average number of shares outstanding-diluted for the relevant ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 626.70 Td (period. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 566.75 m 295.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 566.75 m 299.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 566.75 m 350.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 566.75 m 354.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 566.75 m 405.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 566.75 m 458.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 566.75 m 462.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 566.75 m 511.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 566.75 m 515.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 566.75 m 563.5 566.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 546.75 m 295.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 546.75 m 299.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 546.75 m 350.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 546.75 m 405.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 546.75 m 458.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 546.75 m 462.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 546.75 m 511.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 546.75 m 563.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 546.75 m 295.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 546.75 m 299.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 546.75 m 350.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 546.75 m 405.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 546.75 m 458.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 546.75 m 462.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 546.75 m 511.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 546.75 m 563.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 522.75 m 350.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 522.75 m 511.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 474.75 m 295.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 474.75 m 458.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 462.75 m 405.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 462.75 m 563.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 462.75 m 350.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 451.75 m 350.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 449.75 m 350.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 451.75 m 405.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 449.75 m 405.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 462.75 m 511.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 451.75 m 511.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 449.75 m 511.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 451.75 m 563.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 449.75 m 563.5 449.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 597.70 Td (Reconciliation of the Impact of Non-GAAP Measures on diluted earnings per share -) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.45 578.70 Td (Three Months Ended December 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.45 569.70 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.45 578.70 Td (Three Months Ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.95 569.70 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 280.00 551.15 Td (Amount) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.25 557.70 Td (Diluted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.45 548.75 Td (EPS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.45 551.15 Td (Amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.95 557.70 Td (Diluted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.95 548.75 Td (EPS) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 538.06 Td (Income from continuing operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.00 537.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.95 537.70 Td (380) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.00 537.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.95 537.70 Td (269) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 526.06 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.95 525.70 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.95 525.70 Td (5) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 514.06 Td ( Subtotal) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.00 513.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.95 513.70 Td (374) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.00 513.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.45 513.70 Td (0.71) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.00 513.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.95 513.70 Td (264) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 513.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.45 513.70 Td (0.48) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 502.06 Td (Operating income adjustments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.00 501.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 278.95 501.70 Td (\(12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.00 501.70 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.00 501.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.95 501.70 Td (17) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 490.06 Td (Adjustment for cost of extinguishment of debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 489.70 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.95 489.70 Td (137) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 478.06 Td (Impact of income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 477.70 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.95 477.70 Td (\(55) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 477.70 Td (\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 151.50 466.06 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.95 465.70 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.00 465.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.00 465.70 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.95 465.70 Td (99) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.45 465.70 Td (0.18) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 66.00 454.06 Td ( Adjusted income, net of tax) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.00 453.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.95 453.70 Td (372) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.00 453.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.45 453.70 Td (0.71) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.00 453.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.95 453.70 Td (363) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 453.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.45 453.70 Td (0.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.00 439.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.25 395.75 m 294.25 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.25 395.75 m 298.25 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.25 395.75 m 349.25 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.25 395.75 m 353.25 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.25 395.75 m 404.25 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 395.75 m 457.25 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.25 395.75 m 461.25 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 395.75 m 510.25 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.25 395.75 m 514.25 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 395.75 m 562.25 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.25 375.75 m 294.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.25 375.75 m 298.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.25 375.75 m 349.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.25 375.75 m 404.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 375.75 m 457.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.25 375.75 m 461.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 375.75 m 510.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 375.75 m 562.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.25 375.75 m 294.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.25 375.75 m 298.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.25 375.75 m 349.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.25 375.75 m 404.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 375.75 m 457.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.25 375.75 m 461.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 375.75 m 510.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 375.75 m 562.25 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.25 351.75 m 349.25 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 351.75 m 510.25 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.25 303.75 m 294.25 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.25 303.75 m 457.25 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.25 291.75 m 404.25 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 291.75 m 562.25 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.25 291.75 m 349.25 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.25 280.75 m 349.25 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.25 278.75 m 349.25 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.25 280.75 m 404.25 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.25 278.75 m 404.25 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 291.75 m 510.25 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 280.75 m 510.25 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 278.75 m 510.25 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 280.75 m 562.25 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 278.75 m 562.25 278.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.80 407.70 Td (Twelve Months Ended December 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.20 398.70 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.95 407.70 Td (Twelve Months Ended December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.70 398.70 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 278.75 380.15 Td (Amount) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 363.00 386.70 Td (Diluted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.20 377.75 Td (EPS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.20 380.15 Td (Amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 523.70 386.70 Td (Diluted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.70 377.75 Td (EPS) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 64.75 367.06 Td (Income from continuing operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.75 366.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.20 366.70 Td (1,636) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.75 366.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.20 366.70 Td (1,471) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 64.75 355.06 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.70 354.70 Td (37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.70 354.70 Td (32) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 64.75 343.06 Td ( Subtotal) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.75 342.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.20 342.70 Td (1,599) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.75 342.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.20 342.70 Td (2.98) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.75 342.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.20 342.70 Td (1,439) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.75 342.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.20 342.70 Td (2.61) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 64.75 331.06 Td (Operating income adjustments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.75 330.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 280.70 330.70 Td (41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.75 330.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.70 330.70 Td (48) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 64.75 319.06 Td (Adjustment for cost of extinguishment of debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.75 318.70 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 438.70 318.70 Td (137) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 64.75 307.06 Td (Impact of income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 282.70 306.70 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.75 306.70 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.70 306.70 Td (\(66) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.75 306.70 Td (\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 150.25 295.06 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.70 294.70 Td (36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.20 294.70 Td (0.07) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.70 294.70 Td (119) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.20 294.70 Td (0.21) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 64.75 283.06 Td ( Adjusted income, net of tax) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.75 282.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.20 282.70 Td (1,635) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.75 282.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.20 282.70 Td (3.05) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.75 282.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.20 282.70 Td (1,558) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.75 282.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.20 282.70 Td (2.82) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 220.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 251.05 208.25 Td (Supplemental Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.70 196.25 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.73 196.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.75 164.75 m 366.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.75 164.75 m 370.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.75 164.75 m 417.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.75 164.75 m 468.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.75 164.75 m 475.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.75 164.75 m 522.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.75 164.75 m 366.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.75 152.75 m 366.75 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.75 164.75 m 370.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.75 164.75 m 417.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.75 152.75 m 417.75 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.75 164.75 m 468.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.75 152.75 m 468.75 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.75 164.75 m 475.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.75 164.75 m 522.75 164.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.75 152.75 m 522.75 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.75 152.75 m 366.75 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.75 152.75 m 417.75 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.75 152.75 m 468.75 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.75 152.75 m 522.75 152.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 209.75 169.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.70 176.70 Td (Three Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.95 167.70 Td (December 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.80 176.70 Td (Twelve Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.45 167.70 Td (December 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.25 155.70 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.20 155.70 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 394.20 155.70 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.20 155.70 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 499.20 155.70 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.25 143.70 Td (Depreciation and amortization expense) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.25 143.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.20 143.70 Td (81) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.25 143.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.20 143.70 Td (77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.25 143.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.20 143.70 Td (314) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.25 143.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 504.20 143.70 Td (302) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.25 131.70 Td (Identified intangible amortization expense) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.25 131.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.20 131.70 Td (30) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.25 131.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.20 131.70 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.25 131.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.20 131.70 Td (109) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.25 131.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.20 131.70 Td (86) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.25 119.70 Td (Stock option expense) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.25 119.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.20 119.70 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.25 119.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.20 119.70 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.25 119.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.20 119.70 Td (20) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.25 119.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.20 119.70 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.25 107.70 Td (Capital expenditures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.25 107.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.20 107.70 Td (76) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.25 107.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.20 107.70 Td (83) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.25 107.70 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.20 107.70 Td (325) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.25 107.70 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 504.20 107.70 Td (368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.25 105.25 Td () Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.80 33.25 Td (1) Tj ET Q q 0 0 0 rg BT 305.62 33.25 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 228.65 739.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 242.70 727.75 Td (Consolidated Balance Sheets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 715.75 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 703.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 691.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 679.75 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 642.25 m 433.5 642.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 642.25 m 521.5 642.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 558.25 m 433.5 558.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 558.25 m 521.5 558.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 460.25 m 433.5 460.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 460.25 m 521.5 460.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 460.25 m 433.5 460.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 447.25 m 433.5 447.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 445.25 m 433.5 445.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 460.25 m 521.5 460.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 447.25 m 521.5 447.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 445.25 m 521.5 445.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 334.25 m 433.5 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 334.25 m 521.5 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 278.25 m 433.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 278.25 m 521.5 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 180.25 m 433.5 180.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 180.25 m 521.5 180.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 180.25 m 433.5 180.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 167.25 m 433.5 167.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 165.25 m 433.5 165.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 180.25 m 521.5 180.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 167.25 m 521.5 167.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 165.25 m 521.5 165.25 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 646.87 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 357.95 656.87 Td (December 31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.35 646.87 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.55 656.87 Td (December 31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.90 646.87 Td (2014*) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 632.47 Td (ASSETS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.00 632.47 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 632.47 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 604.47 Td (Current assets:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.00 604.47 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 604.47 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 590.47 Td (Cash and cash equivalents) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.00 590.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 590.47 Td (1,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 590.47 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 590.47 Td (1,958) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 576.47 Td (Net receivables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 576.47 Td (3,471) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 576.47 Td (3,377) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 562.47 Td (Other current assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.95 562.47 Td (199) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.95 562.47 Td (198) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 548.47 Td (Total current assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 548.47 Td (5,044) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 548.47 Td (5,533) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 520.47 Td (Goodwill and intangible assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 520.47 Td (8,925) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 520.47 Td (7,933) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 506.47 Td (Fixed assets, net) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.95 506.47 Td (773) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.95 506.47 Td (809) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 492.47 Td (Pension related assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 492.47 Td (1,159) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.95 492.47 Td (967) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 478.47 Td (Deferred tax assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 478.47 Td (1,138) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 478.47 Td (1,358) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 464.47 Td (Other assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 464.47 Td (1,177) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 464.47 Td (1,193) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 450.47 Td ( TOTAL ASSETS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.00 450.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.05 450.47 Td (18,216) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 450.47 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.05 450.47 Td (17,793) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 422.47 Td (LIABILITIES AND EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 394.47 Td (Current liabilities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 380.47 Td (Short-term debt) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.00 380.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.50 380.47 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 380.47 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.50 380.47 Td (11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 366.47 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 366.47 Td (1,886) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 366.47 Td (1,883) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 352.47 Td (Accrued compensation and employee benefits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 352.47 Td (1,656) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 352.47 Td (1,633) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 338.47 Td (Accrued income taxes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.95 338.47 Td (154) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.95 338.47 Td (150) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 324.47 Td (Total current liabilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 324.47 Td (3,708) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 324.47 Td (3,677) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 296.47 Td (Fiduciary liabilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 296.47 Td (4,146) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 296.47 Td (4,552) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 282.47 Td (Less - cash and investments held in a fiduciary capacity) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 401.25 282.47 Td (\(4,146) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.65 282.47 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.25 282.47 Td (\(4,552) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 282.47 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 268.47 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.65 268.47 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.65 268.47 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 254.47 Td (Long-term debt) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 254.47 Td (4,402) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 254.47 Td (3,368) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 240.47 Td (Pension, post-retirement and post-employment benefits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 240.47 Td (2,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 240.47 Td (2,244) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 226.47 Td (Liabilities for errors and omissions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.95 226.47 Td (318) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.95 226.47 Td (341) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 212.47 Td (Other liabilities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 212.47 Td (1,128) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 212.47 Td (1,030) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 184.47 Td (Total equity) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.60 184.47 Td (6,602) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 184.47 Td (7,133) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 170.47 Td ( TOTAL LIABILITIES AND EQUITY) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.00 170.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.05 170.47 Td (18,216) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 170.47 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.05 170.47 Td (17,793) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.25 135.93 Td (* ) Tj ET Q q 0 0 0 rg BT 70.14 135.93 Td (Amended to reflect the adoption in 2015 of new Financial ) Tj ET Q q 0 0 0 rg BT 273.84 135.93 Td (Accounting Standards Board guidance related to the presentation of deferred ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.25 127.93 Td (taxes and debt issuance costs.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 25 0 obj <> /View <>>>>> endobj 26 0 obj <> /View <>>>>> endobj 27 0 obj <> endobj 28 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>ȧ"ǢӦ/K&=!ɲԷ-az3¦h$7,ؑ2dzSFLұkFF>|;