Guarantee of Registered Securities (Tables)

9 Months Ended

Sep. 30, 2013

Guarantee of Registered Securities [Abstract]

Condensed Consolidating Statements of Income

Condensed Consolidating Statement of Income

	Three months ended September 30, 2013
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	1		$	—		$	2,785		$	—		$	2,786
Fiduciary investment income	—			—			8			—			8
Total revenue	1			—			2,793			—			2,794
Expenses
Compensation and benefits	11			14			1,641			—			1,666
Other general expenses	—			5			759			—			764
Total operating expenses	11			19			2,400			—			2,430
Operating (loss) income	(10		)	(19		)	393			—			364
Interest income	—			1			2			—			3
Interest expense	(6		)	(39		)	(8		)	—			(53		)
Intercompany interest income (expense)	25			11			(36		)	—			—
Other income	—			13			26			—			39
Income (loss) from continuing operations before taxes	9			(33		)	377			—			353
Income tax (benefit) expense	(2		)	(14		)	105			—			89
Income (loss) from continuing operations	11			(19		)	272			—			264
Loss from discontinued operations before taxes	—			—			—			—			—
Income taxes	—			—			—			—			—
Loss from discontinued operations	—			—			—			—			—
Equity in earnings of subsidiaries, net of tax	245			127			—			(372		)	—
Net income	256			108			272			(372		)	264
Less: Net income attributable to noncontrolling interests	—			—			8			—			8
Net income attributable to Aon shareholders	$	256		$	108		$	264		$	(372	)	$	256

Condensed Consolidating Statement of Income

	Three months ended September 30, 2012
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	—		$	—		$	2,726		$	—		$	2,726
Fiduciary investment income	—			—			11			—			11
Total revenue	—			—			2,737			—			2,737
Expenses
Compensation and benefits	4			(5		)	1,621			—			1,620
Other general expenses	19			6			753			—			778
Total operating expenses	23			1			2,374			—			2,398
Operating (loss) income	(23		)	(1		)	363			—			339
Interest income	—			—			1			—			1
Interest expense	—			(45		)	(12		)	—			(57		)
Intercompany interest (expense) income	(8		)	48			(40		)	—			—
Other income (expense)	—			10			(19		)	—			(9		)
(Loss) income from continuing operations before taxes	(31		)	12			293			—			274
Income tax (benefit) expense	(3		)	16			51			—			64
(Loss) income from continuing operations	(28		)	(4		)	242			—			210
Loss from discontinued operations before taxes	—			—			—			—			—
Income taxes	—			—			—			—			—
Loss from discontinued operations	—			—			—			—			—
Equity in earnings of subsidiaries, net of tax	232			186			—			(418		)	—
Net income	204			182			242			(418		)	210
Less: Net income attributable to noncontrolling interests	—			—			6			—			6
Net income attributable to Aon shareholders	$	204		$	182		$	236		$	(418	)	$	204

Condensed Consolidating Statement of Income

	Nine months ended September 30, 2013
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	2		$	—		$	8,583		$	—		$	8,585
Fiduciary investment income	—			—			21			—			21
Total revenue	2			—			8,604			—			8,606
Expenses
Compensation and benefits	27			34			5,042			—			5,103
Other general expenses	14			29			2,304			—			2,347
Total operating expenses	41			63			7,346			—			7,450
Operating (loss) income	(39		)	(63		)	1,258			—			1,156
Interest income	1			2			3			—			6
Interest expense	(12		)	(106		)	(35		)	—			(153		)
Intercompany interest income (expense)	11			96			(107		)	—			—
Other income	—			10			44			—			54
(Loss) income from continuing operations before taxes	(39		)	(61		)	1,163			—			1,063
Income tax (benefit) expense	(11		)	(24		)	310			—			275
(Loss) income from continuing operations	(28		)	(37		)	853			—			788
Loss from discontinued operations before taxes	—			—			—			—			—
Income taxes	—			—			—			—			—
Loss from discontinued operations	—			—			—			—			—
Equity in earnings of subsidiaries, net of tax	786			617			—			(1,403		)	—
Net income	758			580			853			(1,403		)	788
Less: Net income attributable to noncontrolling interests	—			—			30			—			30
Net income attributable to Aon shareholders	$	758		$	580		$	823		$	(1,403	)	$	758

Condensed Consolidating Statement of Income

	Nine months ended September 30, 2012
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	—		$	—		$	8,368		$	—		$	8,368
Fiduciary investment income	—			1			30			—			31
Total revenue	—			1			8,398			—			8,399
Expenses
Compensation and benefits	—			31			4,889			—			4,920
Other general expenses	20			27			2,297			—			2,344
Total operating expenses	20			58			7,186			—			7,264
Operating (loss) income	(20		)	(57		)	1,212			—			1,135
Interest income	—			1			5			—			6
Interest expense	—			(125		)	(48		)	—			(173		)
Intercompany interest (expense) income	(11		)	141			(130		)	—			—
Other income (expense)	—			13			(10		)	—			3
(Loss) income from continuing operations before taxes	(31		)	(27		)	1,029			—			971
Income tax (benefit) expense	(4		)	(11		)	272			—			257
(Loss) income from continuing operations	(27		)	(16		)	757			—			714
Loss from discontinued operations before taxes	—			—			(1		)	—			(1		)
Income taxes	—			—			—			—			—
Loss from discontinued operations	—			—			(1		)	—			(1		)
Equity in earnings of subsidiaries, net of tax	715			598			—			(1,313		)	—
Net income	688			582			756			(1,313		)	713
Less: Net income attributable to noncontrolling interests	—			—			25			—			25
Net income attributable to Aon shareholders	$	688		$	582		$	731		$	(1,313	)	$	688

Condensed Consolidating Statements of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

	Three months ended September 30, 2013
						Other
	Aon		Aon			Non-Guarantor			Consolidating
(millions)	plc		Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	256	$	108		$	272		$	(372	)	$	264
Less: Net income attributable to noncontrolling interests	—		—			8			—			8
Net income attributable to Aon shareholders	$	256	$	108		$	264		$	(372	)	$	256
Other comprehensive (loss) income, net of tax:
Change in fair value of investments	—		(4		)	(10		)	—			(14		)
Change in fair value of derivatives	—		2			7			—			9
Foreign currency translation adjustments	—		6			149			—			155
Post-retirement benefit obligation	—		7			17			—			24
Total other comprehensive income	—		11			163			—			174
Equity in other comprehensive loss of subsidiaries, net of tax	170		157			—			(327		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—			3			—			3
Total other comprehensive income attributable to Aon shareholders	170		168			160			(327		)	171
Comprehensive income attributable to Aon shareholders	$	426	$	276		$	424		$	(699	)	$	427

Condensed Consolidating Statement of Comprehensive Income

	Three months ended September 30, 2012
					Other
	Aon		Aon		Non-Guarantor			Consolidating
(millions)	plc		Corporation		Subsidiaries			Adjustments			Consolidated
Net income	$	204	$	182	$	242		$	(418	)	$	210
Less: Net income attributable to noncontrolling interests	—		—		6			—			6
Net income attributable to Aon shareholders	$	204	$	182	$	236		$	(418	)	$	204
Other comprehensive income (loss), net of tax:
Change in fair value of investments	—		—		—			—			—
Change in fair value of derivatives	—		1		14			—			15
Foreign currency translation adjustments	—		17		147			—			164
Post-retirement benefit obligation	—		9		(2		)	—			7
Total other comprehensive income	—		27		159			—			186
Equity in other comprehensive income of subsidiaries, net of tax	182		168		—			(350		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—		4			—			4
Total other comprehensive income attributable to Aon shareholders	182		195		155			(350		)	182
Comprehensive income attributable to Aon Shareholders	$	386	$	377	$	391		$	(768	)	$	386

Condensed Consolidating Statement of Comprehensive Income

	Nine months ended September 30, 2013
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	758		$	580		$	853		$	(1,403	)	$	788
Less: Net income attributable to noncontrolling interests	—			—			30			—			30
Net income attributable to Aon shareholders	$	758		$	580		$	823		$	(1,403	)	$	758
Other comprehensive (loss) income, net of tax:
Change in fair value of investments	—			—			(1		)	—			(1		)
Change in fair value of derivatives	—			5			(17		)	—			(12		)
Foreign currency translation adjustments	—			(14		)	(63		)	—			(77		)
Post-retirement benefit obligation	—			22			43			—			65
Total other comprehensive income (loss)	—			13			(38		)	—			(25		)
Equity in other comprehensive loss of subsidiaries, net of tax	(27		)	(38		)	—			65			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			1			—			1
Total other comprehensive loss attributable to Aon shareholders	(27		)	(25		)	(39		)	65			(26		)
Comprehensive income attributable to Aon shareholders	$	731		$	555		$	784		$	(1,338	)	$	732

Condensed Consolidating Statement of Comprehensive Income

	Nine months ended September 30, 2012
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
Net income	$	688	$	582	$	756	$	(1,313	)	$	713
Less: Net income attributable to noncontrolling interests	—		—		25		—			25
Net income attributable to Aon shareholders	$	688	$	582	$	731	$	(1,313	)	$	688
Other comprehensive income, net of tax:
Change in fair value of investments	—		—		—		—			—
Change in fair value of derivatives	—		1		4		—			5
Foreign currency translation adjustments	—		16		55		—			71
Post-retirement benefit obligation	—		24		22		—			46
Total other comprehensive income	—		41		81		—			122
Equity in other comprehensive income of subsidiaries, net of tax	120		92		—		(212		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—		2		—			2
Total other comprehensive income attributable to Aon shareholders	120		133		79		(212		)	120
Comprehensive income attributable to Aon Shareholders	$	808	$	715	$	810	$	(1,525	)	$	808

Condensed Consolidating Statements of Financial Position

Condensed Consolidating Statement of Financial Position

	As of September 30, 2013
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	118	$	291	$	—	$	(40	)	$	369
Short-term investments	—		124		233		—			357
Receivables, net	—		5		2,661		—			2,666
Fiduciary assets	—		—		11,698		—			11,698
Intercompany receivables	41		3,250		6,176		(9,467		)	—
Other current assets	19		59		406		—			484
Total Current Assets	178		3,729		21,174		(9,507		)	15,574
Goodwill	—		—		8,958		—			8,958
Intangible assets, net	—		—		2,657		—			2,657
Fixed assets, net	—		—		803		—			803
Investments	—		53		86		—			139
Intercompany receivables	7,166		2,181		2,195		(11,542		)	—
Other non-current assets	119		748		408		(101		)	1,174
Investment in subsidiary	4,306		11,187		—		(15,493		)	—
TOTAL ASSETS	$	11,769	$	17,898	$	36,281	$	(36,643	)	$	29,305
LIABILITIES AND EQUITY
Fiduciary liabilities	$	—	$	—	$	11,698	$	—		$	11,698
Short-term debt and current portion of long-term debt	361		148		697		—			1,206
Accounts payable and accrued liabilities	16		41		1,506		(40		)	1,523
Intercompany payables	1,308		4,727		3,430		(9,465		)	—
Other current liabilities	1		47		718		(2		)	764
Total Current Liabilities	1,686		4,963		18,049		(9,507		)	15,191
Long-term debt	443		2,516		393		—			3,352
Pension, other post-retirement and other post-employment liabilities	—		1,162		611		—			1,773
Intercompany payables	2,100		7,262		2,180		(11,542		)	—
Other non-current liabilities	6		260		1,234		(101		)	1,399
TOTAL LIABILITIES	4,235		16,163		22,467		(21,150		)	21,715
TOTAL AON SHAREHOLDERS’ EQUITY	7,534		1,735		13,758		(15,493		)	7,534
Noncontrolling interests	—		—		56		—			56
TOTAL EQUITY	7,534		1,735		13,814		(15,493		)	7,590
TOTAL LIABILITIES AND EQUITY	$	11,769	$	17,898	$	36,281	$	(36,643	)	$	29,305

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		19,481		(5,676		)	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		10,208		—		(20,606		)	—
TOTAL ASSETS	$	10,824	$	15,423	$	35,859	$	(31,620	)	$	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		1,811		(39		)	1,853
Intercompany payables	51		2,637		2,162		(4,850		)	—
Other current liabilities	—		49		779		3			831
Total Current Liabilities	61		3,186		16,989		(4,886		)	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		23,218		(11,014		)	22,681
TOTAL AON SHAREHOLDERS’ EQUITY	7,762		8,008		12,598		(20,606		)	7,762
Noncontrolling interests	—		—		43		—			43
TOTAL EQUITY	7,762		8,008		12,641		(20,606		)	7,805
TOTAL LIABILITIES AND EQUITY	$	10,824	$	15,423	$	35,859	$	(31,620	)	$	30,486

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statement of Cash Flows

	Nine months ended September 30, 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	$	(14	)	$	(195	)	$	1,193		$	—		$	984
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—			8			73			—			81
Purchase of long-term investments	—			(13		)	—			—			(13		)
Net (purchases) sales of short-term investments - non-fiduciary	—			(35		)	22			—			(13		)
Acquisition of businesses, net of cash acquired	—			—			(26		)	—			(26		)
Proceeds from sale of businesses	—			—			6			—			6
Capital expenditures	—			—			(174		)	—			(174		)
CASH USED FOR INVESTING ACTIVITIES	—			(40		)	(99		)	—			(139		)
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(1,025		)	—			—			—			(1,025		)
Advances from (to) affiliates	405			610			(1,014		)	(1		)	—
Issuance of shares for employee benefit plans	84			—			—			—			84
Issuance of debt	1,145			2,894			231			—			4,270
Repayment of debt	(449		)	(3,177		)	(244		)	—			(3,870		)
Cash dividends to shareholders	(159		)	—			—			—			(159		)
Purchase of shares from noncontrolling interests	—			—			(6		)	—			(6		)
Dividends paid to noncontrolling interests	—			—			(13		)	—			(13		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	1			327			(1,046		)	(1		)	(719		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(48		)	—			(48		)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(13		)	92			—			(1		)	78
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	131			199			—			(39		)	291
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	118		$	291		$	—		$	(40	)	$	369

Condensed Consolidating Statement of Cash Flows

	Nine months ended September 30, 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	$	(46	)	$	(189	)	$	1,102		$	—	$	867
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—			79			92			—		171
Purchase of long-term investments	—			(9		)	—			—		(9		)
Net (purchases) sales of short-term investments - non-fiduciary	(16		)	61			21			—		66
Acquisition of businesses, net of cash acquired	—			(55		)	(42		)	—		(97		)
Proceeds from sale of businesses	—			—			2			—		2
Capital expenditures	—			—			(201		)	—		(201		)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	(16		)	76			(128		)	—		(68		)
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(525		)	(100		)	—			—		(625		)
Advances from (to) affiliates	648			376			(1,024		)	—		—
Issuance of shares for employee benefit plans	44			49			—			—		93
Issuance of debt	—			332			1			—		333
Repayment of debt	—			(416		)	(11		)	—		(427		)
Cash dividends to shareholders	(104		)	(49		)	—			—		(153		)
Purchase of shares from noncontrolling interests	—			—			—			—		—
Dividends paid to noncontrolling interests	—			—			(17		)	—		(17		)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	63			192			(1,051		)	—		(796		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			15			—		15
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1			79			(62		)	—		18
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—			(21		)	293			—		272
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	1		$	58		$	231		$	—	$	290