Guarantee of Registered Securities (Tables)

3 Months Ended

Mar. 31, 2014

Guarantee of Registered Securities [Abstract]

Condensed Consolidating Statements of Income

Condensed Consolidating Statement of Income

	Three months ended March 31, 2014
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	1		$	—		$	2,940		$	—		$	2,941
Fiduciary investment income	—			—			6			—			6
Total revenue	1			—			2,946			—			2,947
Expenses
Compensation and benefits	12			8			1,731			—			1,751
Other general expenses	7			17			703			—			727
Total operating expenses	19			25			2,434			—			2,478
Operating (loss) income	(18		)	(25		)	512			—			469
Interest income	(2		)	—			4			—			2
Interest expense	(9		)	(31		)	(18		)	—			(58		)
Intercompany interest income (expense)	111			(74		)	(37		)	—			—
Other income	—			—			1			—			1
Income (loss) before taxes	82			(130		)	462			—			414
Income tax (benefit) expense	20			(50		)	108			—			78
Income (loss) before equity in earnings of subsidiaries	62			(80		)	354			—			336
Equity in earnings of subsidiaries, net of tax	263			280			—			(543		)	—
Net income	325			200			354			(543		)	336
Less: Net income attributable to noncontrolling interests	—			—			11			—			11
Net income attributable to Aon shareholders	$	325		$	200		$	343		$	(543	)	$	325

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		$	—		$	2,907		$	—		$	2,908
Fiduciary investment income	—			—			7			—			7
Total revenue	1			—			2,914			—			2,915
Expenses
Compensation and benefits	11			15			1,699			—			1,725
Other general expenses	7			6			767			—			780
Total operating expenses	18			21			2,466			—			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 before equity in earnings of subsidiaries	(21		)	(7		)	300			—			272
Equity in earnings of subsidiaries, net of tax	282			254			—			(536		)	—
Net income	261			247			300			(536		)	272
Less: Net income attributable to noncontrolling interests	—			—			11			—			11
Net income attributable to Aon shareholders	$	261		$	247		$	289		$	(536	)	$	261

Condensed Consolidating Statements of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

	Three months ended March 31, 2014
						Other
	Aon		Aon			Non-Guarantor			Consolidating
(millions)	plc		Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	325	$	200		$	354		$	(543	)	$	336
Less: Net income attributable to noncontrolling interests	—		—			11			—			11
Net income attributable to Aon shareholders	$	325	$	200		$	343		$	(543	)	$	325
Other comprehensive (loss) income, net of tax:
Change in fair value of investments	—		—			1			—			1
Change in fair value of derivatives	—		1			8			—			9
Foreign currency translation adjustments	—		(17		)	33			—			16
Post-retirement benefit obligation	—		6			20			—			26
Total other comprehensive income	—		(10		)	62			—			52
Equity in other comprehensive loss of subsidiaries, net of tax	54		69			—			(123		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—			(2		)	—			(2		)
Total other comprehensive income attributable to Aon shareholders	54		59			64			(123		)	54
Comprehensive income attributable to Aon shareholders	$	379	$	259		$	407		$	(666	)	$	379

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		$	247		$	300		$	(536	)	$	272
Less: Net income attributable to noncontrolling interests	—			—			11			—			11
Net income attributable to Aon shareholders	$	261		$	247		$	289		$	(536	)	$	261
Other comprehensive income (loss), net of tax:
Change in fair value of investments	—			—			—			—			—
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 income	—			—			(165		)	—			(165		)
Equity in other comprehensive income of subsidiaries, net of tax	(165		)	(164		)	—			329			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			—			—			—
Total other comprehensive income attributable to Aon shareholders	(165		)	(164		)	(165		)	329			(165		)
Comprehensive income attributable to Aon Shareholders	$	96		$	83		$	124		$	(207	)	$	96

Condensed Consolidating Statements of Financial Position

Condensed Consolidating Statement of Financial Position

	As of March 31, 2014
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	—	$	154	$	1,372	$	(1,188	)	$	338
Short-term investments	—		101		239		—			340
Receivables, net	—		1		2,879		—			2,880
Fiduciary assets	—		—		12,038		—			12,038
Intercompany receivables	116		3,982		5,878		(9,976		)	—
Other current assets	—		109		538		(70		)	577
Total Current Assets	116		4,347		22,944		(11,234		)	16,173
Goodwill	—		—		9,030		—			9,030
Intangible assets, net	—		—		2,500		—			2,500
Fixed assets, net	—		—		785		—			785
Investments	—		69		74		—			143
Intercompany receivables	7,166		2,163		2,201		(11,530		)	—
Other non-current assets	146		509		1,477		(686		)	1,446
Investment in subsidiary	4,979		12,165		—		(17,144		)	—
TOTAL ASSETS	$	12,407	$	19,253	$	39,011	$	(40,594	)	$	30,077
LIABILITIES AND EQUITY
Fiduciary liabilities	$	—	$	—	$	12,038	$	—		$	12,038
Short-term debt and current portion of long-term debt	227		140		710		—			1,077
Accounts payable and accrued liabilities	1,218		41		1,428		(1,188		)	1,499
Intercompany payables	87		5,834		4,055		(9,976		)	—
Other current liabilities	33		47		957		(70		)	967
Total Current Liabilities	1,565		6,062		19,188		(11,234		)	15,581
Long-term debt	792		2,516		361		—			3,669
Pension, other post-retirement and other post-employment liabilities	—		930		643		—			1,573
Intercompany payables	2,100		7,267		2,163		(11,530		)	—
Other non-current liabilities	4		112		1,818		(686		)	1,248
TOTAL LIABILITIES	4,461		16,887		24,173		(23,450		)	22,071
TOTAL AON SHAREHOLDERS’ EQUITY	7,946		2,366		14,778		(17,144		)	7,946
Noncontrolling interests	—		—		60		—			60
TOTAL EQUITY	7,946		2,366		14,838		(17,144		)	8,006
TOTAL LIABILITIES AND EQUITY	$	12,407	$	19,253	$	39,011	$	(40,594	)	$	30,077

Condensed Consolidating Statement of Financial Position

	As of December 31, 2013
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	—	$	247	$	1,246	$	(1,016	)	$	477
Short-term investments	—		163		360		—			523
Receivables, net	—		4		2,892		—			2,896
Fiduciary assets	—		—		11,871		—			11,871
Intercompany receivables	186		3,503		5,452		(9,141		)	—
Other current assets	—		69		513		(19		)	563
Total Current Assets	186		3,986		22,334		(10,176		)	16,330
Goodwill	—		—		8,997		—			8,997
Intangible assets, net	—		—		2,578		—			2,578
Fixed assets, net	—		—		791		—			791
Investments	—		57		75		—			132
Intercompany receivables	7,166		2,178		2,201		(11,545		)	—
Other non-current assets	146		560		1,421		(704		)	1,423
Investment in subsidiary	4,607		11,694		—		(16,301		)	—
TOTAL ASSETS	$	12,105	$	18,475	$	38,397	$	(38,726	)	$	30,251
LIABILITIES AND EQUITY
Fiduciary liabilities	$	—	$	—	$	11,871	$	—		$	11,871
Short-term debt and current portion of long-term debt	—		—		707		(4		)	703
Accounts payable and accrued liabilities	1,036		62		1,849		(1,016		)	1,931
Intercompany payables	15		5,449		3,677		(9,141		)	—
Other current liabilities	12		47		866		(19		)	906
Total Current Liabilities	1,063		5,558		18,970		(10,180		)	15,411
Long-term debt	792		2,512		378		4			3,686
Pension, other post-retirement and other post-employment liabilities	—		925		682		—			1,607
Intercompany payables	2,100		7,267		2,178		(11,545		)	—
Other non-current liabilities	5		159		1,892		(704		)	1,352
TOTAL LIABILITIES	3,960		16,421		24,100		(22,425		)	22,056
TOTAL AON SHAREHOLDERS’ EQUITY	8,145		2,054		14,247		(16,301		)	8,145
Noncontrolling interests	—		—		50		—			50
TOTAL EQUITY	8,145		2,054		14,297		(16,301		)	8,195
TOTAL LIABILITIES AND EQUITY	$	12,105	$	18,475	$	38,397	$	(38,726	)	$	30,251

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statement of Cash Flows

	Three months ended March 31, 2014
	Aon			Aon			Other Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	$	89		$	(123	)	$	23		$	—		$	(11	)
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—			37			5			—			42
Purchase of long-term investments	—			(10		)	—			—			(10		)
Net sales of short-term investments - non-fiduciary	—			62			121			—			183
Acquisition of businesses, net of cash acquired	—			—			(5		)	—			(5		)
Proceeds from sale of businesses	—			—			1			—			1
Capital expenditures	—			—			(55		)	—			(55		)
CASH PROVIDED BY INVESTING ACTIVITIES	—			89			67			—			156
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(600		)	—			—			—			(600		)
Advances from (to) affiliates	313			(206		)	65			(172		)	—
Issuance of shares for employee benefit plans	26			—			—			—			26
Issuance of debt	293			902			—			—			1,195
Repayment of debt	(68		)	(755		)	(6		)	—			(829		)
Cash dividends to shareholders	(53		)	—			—			—			(53		)
Purchase of shares from noncontrolling interests	—			—			1			—			1
Dividends paid to noncontrolling interests	—			—			—			—			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(89		)	(59		)	60			(172		)	(260		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(24		)	—			(24		)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	—			(93		)	126			(172		)	(139		)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—			247			1,246			(1,016		)	477
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	—		$	154		$	1,372		$	(1,188	)	$	338

Condensed Consolidating Statement of Cash Flows

	Three months ended March 31, 2013
							Other
	Aon			Aon			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		)	71			39			—
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			96			39			120
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			5			—			5
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(126		)	52			152			39			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