Marsh & McLennan Companies, Inc. (NYSE:MMC) Files An 8-K Regulation FD Disclosure
Item 7.01Regulation FD Disclosure

Effective January 1, 2018, the Company adopted new accounting guidance, ASC Topic 606 ("ASC 606"), related to revenue from contracts with customers. As previously disclosed in the Company’s filings with the Securities and Exchange Commission (the "SEC"), the Company adopted ASC 606 using the modified retrospective method, which applies the new guidance prospectively, beginning with 2018, the year of adoption.Accordingly, the adoption of ASC 606 using the modified retrospective method does not impact prior years' financial statements.

The Company also adopted an amendment to ASC Topic 715 ("ASC 715") that changes the presentation of net periodic pension cost and net periodic postretirement cost (''net periodic benefit costs"). The new guidance requires employers to report the service cost component of net periodic benefit costs in the same line item as other compensation costs in the income statement. The other components of net periodic benefit costs are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations.

Since the 2017 annual and quarterly financial statements will not be restated to reflect ASC 606, the Company is providing the supplemental financial schedules attached hereto as Exhibit 99.1 and incorporated herein by reference to present 2017 financial information reflecting an estimate as if ASC 606 had been applied effective January 1, 2017, using the modified retrospective approach. This information is intended to provide investors with a basis for considering the potential directional impact the adoption of ASC 606 might have on the Company’s financial information that will be reported in 2018. The supplemental financial schedules attached also include the effect of reclassifying the components of net periodic benefit costs in the 2017 financial information to reflect the adoption of ASC 715 as amended. The information is provided only for illustrative purposes and does not constitute a restatement of the Company’s historical financial statements previously filed with the SEC, which should be considered by investors in their entirety as filed. For purposes of Section 18 of the Securities Exchange Act of 1934, this supplemental financial information is deemed furnished not filed.

Item 9.01Financial Statements and Exhibits

(d)Exhibits

MARSH & MCLENNAN COMPANIES, INC. Exhibit
EX-99.1 2 exhibit991proforma.htm SUPPLEMENTAL FINANCIAL SCHEDULES Exhibit Marsh & McLennan Companies,…
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About Marsh & McLennan Companies, Inc. (NYSE:MMC)

Marsh & McLennan Companies, Inc. is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy. The Company provides analysis, advice and transactional capabilities to clients in approximately 130 countries. The Company operates through two segments: Risk and Insurance Services and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services. The Company’s consulting segment includes health, retirement, talent and investments consulting services and products, and specialized management, economic and brand consulting services.