Guarantee of Registered Securities (Tables)

3 Months Ended

Mar. 31, 2015

Guarantee of Registered Securities [Abstract]

Condensed Consolidating Statements of Income

Condensed Consolidating Statement of Income

	Three months ended March 31, 2015
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	—		$	—		$	2,842		$	—		$	2,842
Fiduciary investment income	—			—			5			—			5
Total revenue	—			—			2,847			—			2,847
Expenses
Compensation and benefits	52			11			1,620			—			1,683
Other general expenses	13			2			708			—			723
Total operating expenses	65			13			2,328			—			2,406
Operating (loss) income	(65		)	(13		)	519			—			441
Interest income	(5		)	3			5			—			3
Interest expense	(25		)	(34		)	(6		)	—			(65		)
Intercompany interest income (expense)	119			(105		)	(14		)	—			—
Intercompany other (expense) income	(50		)	(8		)	58			—			—
Other income	2			8			32			—			42
(Loss) income before taxes	(24		)	(149		)	594			—			421
Income tax (benefit) expense	(5		)	(50		)	135			—			80
(Loss) income before equity in earnings of subsidiaries	(19		)	(99		)	459			—			341
Equity in earnings of subsidiaries, net of tax	347			403			304			(1,054		)	—
Net income	328			304			763			(1,054		)	341
Less: Net income attributable to noncontrolling interests	—			—			13			—			13
Net income attributable to Aon shareholders	$	328		$	304		$	750		$	(1,054	)	$	328

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	66			7			1,678			—			1,751
Other general expenses	4			3			720			—			727
Total operating expenses	70			10			2,398			—			2,478
Operating (loss) income	(69		)	(10		)	548			—			469
Interest income	(2		)	—			4			—			2
Interest expense	(9		)	(31		)	(18		)	—			(58		)
Intercompany interest income (expense)	111			(74		)	(37		)	—			—
Intercompany other (expense) income	(19		)	(15		)	34			—			—
Other income	—			—			1			—			1
Income (loss) before taxes	12			(130		)	532			—			414
Income tax expense (benefit)	3			(50		)	125			—			78
Income (loss) before equity in earnings of subsidiaries	9			(80		)	407			—			336
Equity in earnings of subsidiaries, net of tax	316			333			253			(902		)	—
Net income	325			253			660			(902		)	336
Less: Net income attributable to noncontrolling interests	—			—			11			—			11
Net income attributable to Aon shareholders	$	325		$	253		$	649		$	(902	)	$	325

Condensed Consolidating Statements of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

	Three months ended March 31, 2015
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	328		$	304		$	763		$	(1,054	)	$	341
Less: Net income attributable to noncontrolling interests	—			—			13			—			13
Net income attributable to Aon shareholders	$	328		$	304		$	750		$	(1,054	)	$	328
Other comprehensive (loss) income, net of tax:
Change in fair value of investments	—			—			(1		)	—			(1		)
Change in fair value of derivatives	—			(1		)	7			—			6
Foreign currency translation adjustments	—			(23		)	(299		)	—			(322		)
Post-retirement benefit obligation	—			8			15			—			23
Total other comprehensive loss	—			(16		)	(278		)	—			(294		)
Equity in other comprehensive loss of subsidiaries, net of tax	(293		)	(267		)	(283		)	843			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			(1		)	—			(1		)
Total other comprehensive loss attributable to Aon shareholders	(293		)	(283		)	(560		)	843			(293		)
Comprehensive income attributable to Aon shareholders	$	35		$	21		$	190		$	(211	)	$	35

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	$	253		$	660		$	(902	)	$	336
Less: Net income attributable to noncontrolling interests	—		—			11			—			11
Net income attributable to Aon shareholders	$	325	$	253		$	649		$	(902	)	$	325
Other comprehensive income (loss), 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 (loss) income	—		(10		)	62			—			52
Equity in other comprehensive income of subsidiaries, net of tax	54		69			59			(182		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—			(2		)	—			(2		)
Total other comprehensive income attributable to Aon shareholders	54		59			123			(182		)	54
Comprehensive income attributable to Aon Shareholders	$	379	$	312		$	772		$	(1,084	)	$	379

Condensed Consolidating Statements of Financial Position

Condensed Consolidating Statement of Financial Position

	As of March 31, 2015
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	—	$	2,230	$	650	$	(2,502	)	$	378
Short-term investments	—		166		177		—			343
Receivables, net	—		—		2,672		—			2,672
Fiduciary assets	—		—		10,894		—			10,894
Intercompany receivables	125		3,581		9,681		(13,387		)	—
Other current assets	2		207		536		(33		)	712
Total Current Assets	127		6,184		24,610		(15,922		)	14,999
Goodwill	—		—		8,548		—			8,548
Intangible assets, net	—		—		2,410		—			2,410
Fixed assets, net	—		—		754		—			754
Intercompany receivables	7,374		577		121		(8,072		)	—
Other non-current assets	181		701		1,589		(793		)	1,678
Investment in subsidiary	4,121		15,391		1,868		(21,380		)	—
TOTAL ASSETS	$	11,803	$	22,853	$	39,900	$	(46,167	)	$	28,389
LIABILITIES AND EQUITY
Fiduciary liabilities	$	—	$	—	$	10,894	$	—		$	10,894
Short-term debt and current portion of long-term debt	109		846		11		—			966
Accounts payable and accrued liabilities	2,597		31		1,265		(2,502		)	1,391
Intercompany payables	246		9,382		3,759		(13,387		)	—
Other current liabilities	—		49		849		(33		)	865
Total Current Liabilities	2,952		10,308		16,778		(15,922		)	14,116
Long-term debt	2,480		1,917		313		—			4,710
Pension, other post-retirement and other post-employment liabilities	—		1,366		635		—			2,001
Intercompany payables	—		7,287		785		(8,072		)	—
Other non-current liabilities	6		107		1,811		(793		)	1,131
TOTAL LIABILITIES	5,438		20,985		20,322		(24,787		)	21,958
TOTAL AON SHAREHOLDERS' EQUITY	6,365		1,868		19,512		(21,380		)	6,365
Noncontrolling interests	—		—		66		—			66
TOTAL EQUITY	6,365		1,868		19,578		(21,380		)	6,431
TOTAL LIABILITIES AND EQUITY	$	11,803	$	22,853	$	39,900	$	(46,167	)	$	28,389

Condensed Consolidating Statement of Financial Position

	As of December 31, 2014
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	—	$	2,727	$	1,361	$	(3,714	)	$	374
Short-term investments	—		165		229		—			394
Receivables, net	—		—		2,815		—			2,815
Fiduciary assets	—		—		11,638		—			11,638
Intercompany receivables	455		2,814		9,156		(12,425		)	—
Other current assets	2		226		407		(33		)	602
Total Current Assets	457		5,932		25,606		(16,172		)	15,823
Goodwill	—		—		8,860		—			8,860
Intangible assets, net	—		—		2,520		—			2,520
Fixed assets, net	—		—		765		—			765
Intercompany receivables	7,399		600		111		(8,110		)	—
Other non-current assets	179		697		1,718		(790		)	1,804
Investment in subsidiary	4,962		15,200		1,880		(22,042		)	—
TOTAL ASSETS	$	12,997	$	22,429	$	41,460	$	(47,114	)	$	29,772
LIABILITIES AND EQUITY
Fiduciary liabilities	$	—	$	—	$	11,638	$	—		$	11,638
Short-term debt and current portion of long-term debt	—		767		16		—			783
Accounts payable and accrued liabilities	3,755		58		1,706		(3,714		)	1,805
Intercompany payables	122		8,960		3,343		(12,425		)	—
Other current liabilities	—		49		772		(33		)	788
Total Current Liabilities	3,877		9,834		17,475		(16,172		)	15,014
Long-term debt	2,544		1,917		338		—			4,799
Pension, other post-retirement and other post-employment liabilities	—		1,396		745		—			2,141
Intercompany payables	—		7,277		833		(8,110		)	—
Other non-current liabilities	5		125		1,847		(790		)	1,187
TOTAL LIABILITIES	6,426		20,549		21,238		(25,072		)	23,141
TOTAL AON SHAREHOLDERS' EQUITY	6,571		1,880		20,162		(22,042		)	6,571
Noncontrolling interests	—		—		60		—			60
TOTAL EQUITY	6,571		1,880		20,222		(22,042		)	6,631
TOTAL LIABILITIES AND EQUITY	$	12,997	$	22,429	$	41,460	$	(47,114	)	$	29,772

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statement of Cash Flows

	Three months ended March 31, 2015
	Aon			Aon			Other Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	$	2		$	(188	)	$	322		$	—		$	136
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—			—			3			—			3
Purchase of long-term investments	—			(1		)	—			—			(1		)
Net sales of short-term investments - non-fiduciary	—			(1		)	43			—			42
Acquisition of businesses, net of cash acquired	—			—			(21		)	—			(21		)
Proceeds from sale of businesses	—			—			41			—			41
Capital expenditures	—			—			(62		)	—			(62		)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			(2		)	4			—			2
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(250		)	—			—			—			(250		)
Advances from (to) affiliates	157			(385		)	(984		)	1,212			—
Issuance of shares for employee benefit plans	48			—			—			—			48
Issuance of debt	114			756			—			—			870
Repayment of debt	—			(678		)	(8		)	—			(686		)
Cash dividends to shareholders	(71		)	—			—			—			(71		)
Purchase of shares from noncontrolling interests	—			—			(5		)	—			(5		)
Dividends paid to noncontrolling interests	—			—			(1		)	—			(1		)
Proceeds from sale-leaseback	—			—			—			—			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(2		)	(307		)	(998		)	1,212			(95		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(39		)	—			(39		)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	—			(497		)	(711		)	1,212			4
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—			2,727			1,361			(3,714		)	374
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	—		$	2,230		$	650		$	(2,502	)	$	378

Condensed Consolidating Statement of Cash Flows

	Three months ended March 31, 2014
							Other
	Aon			Aon			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
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