Guarantee of Registered Securities (Tables)

3 Months Ended

Mar. 31, 2013

Guarantee of Registered Securities [Abstract]

Condensed Consolidating Statements of Income

Condensed Consolidating Statement of Income

	Three months ended March 31, 2013
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	1		$	2		$	2,907		$	(2	)	$	2,908
Fiduciary investment income	—			—			7			—			7
Total revenue	1			2			2,914			(2		)	2,915
Expenses
Compensation and benefits	11			15			1,699			—			1,725
Other general expenses	7			8			767			(2		)	780
Total operating expenses	18			23			2,466			(2		)	2,505
Operating (loss) income	(17		)	(21		)	448			—			410
Interest income	—			1			—			—			1
Interest expense	(2		)	(34		)	(16		)	—			(52		)
Intercompany interest (expense) income	(7		)	43			(36		)	—			—
Other (expense) income	—			(1		)	10			—			9
(Loss) income before taxes	(26		)	(12		)	406			—			368
Income tax (benefit) expense	(5		)	(5		)	106			—			96
(Loss) income after taxes	(21		)	(7		)	300			—			272
Equity in earnings of subsidiaries, net of tax	282			262			255			(799		)	—
Net income	261			255			555			(799		)	272
Less: Net income attributable to noncontrolling interests	—			—			11			—			11
Net income attributable to Aon shareholders	$	261		$	255		$	544		$	(799	)	$	261

Condensed Consolidating Statement of Income

	Three months ended March 31, 2012
						Other
	Aon		Aon			Non-Guarantor			Consolidating
(millions)	plc		Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	—	$	—		$	2,829		$	—		$	2,829
Fiduciary investment income	—		1			11			—			12
Total revenue	—		1			2,840			—			2,841
Expenses
Compensation and benefits	—		69			1,592			—			1,661
Other general expenses	—		8			770			—			778
Total operating expenses	—		77			2,362			—			2,439
Operating (loss) income	—		(76		)	478			—			402
Interest income	—		—			3			—			3
Interest expense	—		(40		)	(19		)	—			(59		)
Intercompany interest income (expense)	—		46			(46		)	—			—
Other income (expense)	—		8			(8		)	—			—
(Loss) income before taxes	—		(62		)	408			—			346
Income tax (benefit) expense	—		(24		)	121			—			97
(Loss) income after taxes	—		(38		)	287			—			249
Equity in earnings of subsidiaries, net of tax	238		247			209			(694		)	—
Net income	238		209			496			(694		)	249
Less: Net income attributable to noncontrolling interests	—		—			11			—			11
Net income attributable to Aon shareholders	$	238	$	209		$	485		$	(694	)	$	238

Condensed Consolidating Statements of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

	Three months ended March 31, 2013
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	261		$	255		$	555		$	(799	)	$	272
Less: Net income attributable to noncontrolling interests	—			—			11			—			11
Net income attributable to Aon shareholders	$	261		$	255		$	544		$	(799	)	$	261
Other comprehensive loss, net of tax:
Change in fair value of derivatives	—			1			(15		)	—			(14		)
Foreign currency translation adjustments	—			(8		)	(166		)	—			(174		)
Post-retirement benefit obligation	—			7			16			—			23
Total other comprehensive loss	—			—			(165		)	—			(165		)
Equity in other comprehensive loss of subsidiaries, net of tax	(165		)	(169		)	(169		)	503			—
Less: Other comprehensive loss attributable to noncontrolling interests	—			—			—			—			—
Total other comprehensive loss attributable to Aon shareholders	(165		)	(169		)	(334		)	503			(165		)
Comprehensive income attributable to Aon shareholders	$	96		$	86		$	210		$	(296	)	$	96

Condensed Consolidating Statement of Comprehensive Income

	Three months ended March 31, 2012
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
Net income	$	238	$	209	$	496	$	(694	)	$	249
Less: Net income attributable to noncontrolling interests	—		—		11		—			11
Net income attributable to Aon shareholders	$	238	$	209	$	485	$	(694	)	$	238
Other comprehensive income, net of tax:
Change in fair value of derivatives	—		—		7		—			7
Foreign currency translation adjustments	—		4		100		—			104
Post-retirement benefit obligation	—		6		15		—			21
Total other comprehensive income	—		10		122		—			132
Equity in other comprehensive income of subsidiaries, net of tax	131		117		127		(375		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—		1		—			1
Total other comprehensive income attributable to Aon shareholders	131		127		248		(375		)	131
Comprehensive income attributable to Aon Shareholders	$	369	$	336	$	733	$	(1,069	)	$	369

Condensed Consolidating Statements of Financial Position

Condensed Consolidating Statement of Financial Position

	As of March 31, 2013
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	5	$	251	$	152	$	—		$	408
Short-term investments	—		128		224		—			352
Receivables, net	2		2		2,880		—			2,884
Fiduciary assets	—		—		12,224		—			12,224
Intercompany receivables	23		2,499		4,145		(6,667		)	—
Other current assets	11		41		340		(3		)	389
Total Current Assets	41		2,921		19,965		(6,670		)	16,257
Goodwill	—		—		8,786		—			8,786
Intangible assets, net	—		—		2,844		—			2,844
Fixed assets, net	—		—		816		—			816
Investments	—		52		100		—			152
Intercompany receivables	166		2,193		2,108		(4,467		)	—
Other non-current assets	118		731		430		(105		)	1,174
Investment in subsidiary	10,591		10,759		8,464		(29,814		)	—
TOTAL ASSETS	$	10,916	$	16,656	$	43,513	$	(41,056	)	$	30,029
LIABILITIES AND EQUITY
Fiduciary liabilities	$	—	$	—	$	12,224	$	—		$	12,224
Short-term debt and current portion of long-term debt	—		748		54		—			802
Accounts payable and accrued liabilities	15		76		1,349		—			1,440
Intercompany payables	32		3,123		2,531		(5,686		)	—
Other current liabilities	—		47		748		—			795
Total Current Liabilities	47		3,994		16,906		(5,686		)	15,261
Long-term debt	194		2,515		1,061		—			3,770
Pension, other post-retirement and other post-employment liabilities	—		1,262		765		—			2,027
Intercompany payables	3,090		166		2,195		(5,451		)	—
Other non-current liabilities	6		255		1,182		(105		)	1,338
TOTAL LIABILITIES	3,337		8,192		22,109		(11,242		)	22,396
TOTAL AON SHAREHOLDERS’ EQUITY	7,579		8,464		21,350		(29,814		)	7,579
Noncontrolling interests	—		—		54		—			54
TOTAL EQUITY	7,579		8,464		21,404		(29,814		)	7,633
TOTAL LIABILITIES AND EQUITY	$	10,916	$	16,656	$	43,513	$	(41,056	)	$	30,029

Condensed Consolidating Statement of Financial Position

	As of December 31, 2012
					Other
	Aon		Aon		Non-Guarantor			Consolidating
(millions)	plc		Corporation		Subsidiaries			Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	131	$	199	$	(39	)	$	—		$	291
Short-term investments	—		89		257			—			346
Receivables, net	5		1		3,095			—			3,101
Fiduciary assets	—		—		12,214			—			12,214
Intercompany receivables	—		2,092		3,545			(5,637		)	—
Other current assets	7		53		370			—			430
Total Current Assets	143		2,434		19,442			(5,637		)	16,382
Goodwill	—		—		8,943			—			8,943
Intangible assets, net	—		—		2,975			—			2,975
Fixed assets, net	—		—		820			—			820
Investments	—		49		116			—			165
Intercompany receivables	166		1,997		2,350			(4,513		)	—
Other non-current assets	117		735		1,174			(825		)	1,201
Investment in subsidiary	10,398		10,522		8,322			(29,242		)	—
TOTAL ASSETS	$	10,824	$	15,737	$	44,142		$	(40,217	)	$	30,486
LIABILITIES AND EQUITY
Fiduciary liabilities	$	—	$	—	$	12,214		$	—		$	12,214
Short-term debt and current portion of long-term debt	—		429		23			—			452
Accounts payable and accrued liabilities	10		71		1,772			—			1,853
Intercompany payables	51		2,637		2,162			(4,850		)	—
Other current liabilities	—		49		779			3			831
Total Current Liabilities	61		3,186		16,950			(4,847		)	15,350
Long-term debt	107		2,515		1,091			—			3,713
Pension, other post-retirement and other post-employment liabilities	—		1,294		982			—			2,276
Intercompany payables	2,890		166		2,247			(5,303		)	—
Other non-current liabilities	4		254		1,909			(825		)	1,342
TOTAL LIABILITIES	3,062		7,415		23,179			(10,975		)	22,681
TOTAL AON SHAREHOLDERS’ EQUITY	7,762		8,322		20,920			(29,242		)	7,762
Noncontrolling interests	—		—		43			—			43
TOTAL EQUITY	7,762		8,322		20,963			(29,242		)	7,805
TOTAL LIABILITIES AND EQUITY	$	10,824	$	15,737	$	44,142		$	(40,217	)	$	30,486

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statement of Cash Flows

	Three months ended March 31, 2013
	Aon			Aon			Other Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	$	5		$	(23	)	$	72		$	—	$	54
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—			1			17			—		18
Purchase of long-term investments	—			(3		)	—			—		(3		)
Net (purchases) sales of short-term investments - non-fiduciary	—			(39		)	23			—		(16		)
Acquisition of businesses, net of cash acquired	—			—			(2		)	—		(2		)
Proceeds from sale of businesses	—			—			1			—		1
Capital expenditures	—			—			(60		)	—		(60		)
CASH USED FOR INVESTING ACTIVITIES	—			(41		)	(21		)	—		(62		)
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(300		)	—			—			—		(300		)
Advances from (to) affiliates	96			(206		)	110			—		—
Issuance of shares for employee benefit plans	36			—			—			—		36
Issuance of debt	87			833			230			—		1,150
Repayment of debt	—			(511		)	(204		)	—		(715		)
Cash dividends to shareholders	(50		)	—			—			—		(50		)
Purchase of shares from noncontrolling interests	—			—			(1		)	—		(1		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(131		)	116			135			—		120
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			5			—		5
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(126		)	52			191			—		117
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	131			199			(39		)	—		291
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	5		$	251		$	152		$	—	$	408

Condensed Consolidating Statement of Cash Flows

	Three months ended March 31, 2012
						Other
	Aon		Aon			Non-Guarantor			Consolidating
(millions)	plc		Corporation			Subsidiaries			Adjustments		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES	$	—	$	(66	)	$	51		$	—	$	(15	)
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—		—			36			—		36
Purchase of long-term investments	—		(3		)	—			—		(3		)
Net sales of short-term investments - non-fiduciary	—		236			47			—		283
Acquisition of businesses, net of cash acquired	—		—			(23		)	—		(23		)
Capital expenditures	—		—			(71		)	—		(71		)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—		233			(11		)	—		222
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	—		(100		)	—			—		(100		)
Advances from (to) affiliates	17		(14		)	(3		)	—		—
Issuance of shares for employee benefit plans	—		49			—			—		49
Issuance of debt	—		75			—			—		75
Repayment of debt	—		(137		)	(3		)	—		(140		)
Cash dividends to shareholders	—		(49		)	—			—		(49		)
Dividends paid to noncontrolling interests	—		—			(1		)	—		(1		)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	17		(176		)	(7		)	—		(166		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—		—			10			—		10
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	17		(9		)	43			—		51
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—		(21		)	293			—		272
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	17	$	(30	)	$	336		$	—	$	323