Guarantee of Registered Securities (Tables)

3 Months Ended

Mar. 31, 2016

Guarantee of Registered Securities [Abstract]

Condensed Consolidating Statements of Income

Condensed Consolidating Statement of Income

	Three months ended March 31, 2016
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	—		$	—		$	2,787		$	—		$	2,787
Fiduciary investment income	—			—			5			—			5
Total revenue	—			—			2,792			—			2,792
Expenses
Compensation and benefits	43			3			1,603			—			1,649
Other general expenses	7			2			684			—			693
Total operating expenses	50			5			2,287			—			2,342
Operating (loss) income	(50		)	(5		)	505			—			450
Interest income	(7		)	5			4			—			2
Interest expense	(38		)	(28		)	(3		)	—			(69		)
Intercompany interest income (expense)	4			(133		)	129			—			—
Intercompany other (expense) income	(54		)	1			53			—			—
Other income	—			(5		)	23			—			18
(Loss) income before taxes	(145		)	(165		)	711			—			401
Income tax (benefit) expense	(26		)	(62		)	162			—			74
(Loss) income before equity in earnings of subsidiaries	(119		)	(103		)	549			—			327
Equity in earnings of subsidiaries, net of tax	434			367			264			(1,065		)	—
Net income	315			264			813			(1,065		)	327
Less: Net income attributable to noncontrolling interests	—			—			12			—			12
Net income attributable to Aon shareholders	$	315		$	264		$	801		$	(1,065	)	$	315

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
Income (loss) before taxes	(24		)	(149		)	594			—			421
Income tax expense (benefit)	(5		)	(50		)	135			—			80
Income (loss) 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 Statements of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

	Three months ended March 31, 2016
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	315		$	264		$	813		$	(1,065	)	$	327
Less: Net income attributable to noncontrolling interests	—			—			12			—			12
Net income attributable to Aon shareholders	$	315		$	264		$	801		$	(1,065	)	$	315
Other comprehensive (loss) income, net of tax:
Change in fair value of financial instruments	—			(2		)	(5		)	—			(7		)
Foreign currency translation adjustments	—			11			(90		)	—			(79		)
Post-retirement benefit obligation	—			13			(214		)	—			(201		)
Total other comprehensive loss	—			22			(309		)	—			(287		)
Equity in other comprehensive loss of subsidiaries, net of tax	(287		)	(314		)	(292		)	893			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			—			—			—
Total other comprehensive loss attributable to Aon shareholders	(287		)	(292		)	(601		)	893			(287		)
Comprehensive income attributable to Aon shareholders	$	28		$	(28	)	$	200		$	(172	)	$	28

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 income (loss), net of tax:
Change in fair value of financial instruments	—			(1		)	6			—			5
Foreign currency translation adjustments	—			(23		)	(299		)	—			(322		)
Post-retirement benefit obligation	—			8			15			—			23
Total other comprehensive (loss) income	—			(16		)	(278		)	—			(294		)
Equity in other comprehensive income of subsidiaries, net of tax	(293		)	(267		)	(283		)	843			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			(1		)	—			(1		)
Total other comprehensive income attributable to Aon shareholders	(293		)	(283		)	(560		)	843			(293		)
Comprehensive income attributable to Aon Shareholders	$	35		$	21		$	190		$	(211	)	$	35

Condensed Consolidating Statements of Financial Position

Condensed Consolidating Statement of Financial Position

	As of March 31, 2016
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	—	$	1,537	$	1,457	$	(2,529	)	$	465
Short-term investments	—		453		134		—			587
Receivables, net	2		—		2,589		—			2,591
Fiduciary assets	—		—		9,776		—			9,776
Intercompany receivables	43		3,786		8,759		(12,588		)	—
Other current assets	—		206		418		(2		)	622
Total Current Assets	45		5,982		23,133		(15,119		)	14,041
Goodwill	—		—		8,411		—			8,411
Intangible assets, net	—		—		2,108		—			2,108
Fixed assets, net	—		—		766		—			766
Non-current deferred tax assets	154		556		137		(676		)	171
Intercompany receivables	379		537		8,716		(9,632		)	—
Prepaid pension	—		6		731		—			737
Other non-current assets	—		114		465		—			579
Investment in subsidiary	11,949		16,643		239		(28,831		)	—
TOTAL ASSETS	$	12,527	$	23,838	$	44,706	$	(54,258	)	$	26,813
LIABILITIES AND EQUITY
Accounts payable and accrued liabilities	$	2,624	$	22	$	1,303	$	(2,529	)	$	1,420
Short-term debt and current portion of long-term debt	184		500		11		—			695
Fiduciary liabilities	—		—		9,776		—			9,776
Intercompany payables	141		11,365		1,082		(12,588		)	—
Other current liabilities	85		60		759		(2		)	902
Total Current Liabilities	3,034		11,947		12,931		(15,119		)	12,793
Long-term debt	4,206		1,413		283		—			5,902
Non-current deferred tax liabilities	—		—		853		(676		)	177
Pension, other post-retirement and other post-employment liabilities	—		1,295		461		—			1,756
Intercompany payables	—		8,881		751		(9,632		)	—
Other non-current liabilities	6		63		769		—			838
TOTAL LIABILITIES	7,246		23,599		16,048		(25,427		)	21,466
TOTAL AON SHAREHOLDERS' EQUITY	5,281		239		28,592		(28,831		)	5,281
Noncontrolling interests	—		—		66		—			66
TOTAL EQUITY	5,281		239		28,658		(28,831		)	5,347
TOTAL LIABILITIES AND EQUITY	$	12,527	$	23,838	$	44,706	$	(54,258	)	$	26,813

Condensed Consolidating Statement of Financial Position

	As of December 31, 2015
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	—	$	2,083	$	1,242	$	(2,941	)	$	384
Short-term investments	—		209		147		—			356
Receivables, net	1		—		2,733		—			2,734
Fiduciary assets	—		—		9,932		—			9,932
Intercompany receivables	432		1,950		7,957		(10,339		)	—
Other current assets	—		217		347		(2		)	562
Total Current Assets	433		4,459		22,358		(13,282		)	13,968
Goodwill	—		—		8,448		—			8,448
Intangible assets, net	—		—		2,180		—			2,180
Fixed assets, net	—		—		765		—			765
Intercompany receivables	375		526		8,633		(9,534		)	—
Non-current deferred tax assets	154		558		107		(678		)	141
Prepaid pension	—		6		1,027		—			1,033
Other non-current assets	—		119		557		(84		)	592
Investment in subsidiary	11,804		16,534		369		(28,707		)	—
TOTAL ASSETS	$	12,766	$	22,202	$	44,444	$	(52,285	)	$	27,127
LIABILITIES AND EQUITY
Accounts payable and accrued liabilities	$	2,988	$	45	$	1,680	$	(2,941	)	$	1,772
Short-term debt and current portion of long-term debt	—		550		12		—			562
Fiduciary liabilities	—		—		9,932		—			9,932
Intercompany payables	167		9,518		654		(10,339		)	—
Other current liabilities	47		56		720		(3		)	820
Total Current Liabilities	3,202		10,169		12,998		(13,283		)	13,086
Long-term debt	3,451		1,412		275		—			5,138
Non-current deferred tax liabilities	—		—		854		(678		)	176
Pension, other post-retirement and other post-employment liabilities	—		1,313		482		—			1,795
Intercompany payables	—		8,799		735		(9,534		)	—
Other non-current liabilities	7		140		705		(83		)	769
TOTAL LIABILITIES	6,660		21,833		16,049		(23,578		)	20,964
TOTAL AON SHAREHOLDERS' EQUITY	6,106		369		28,338		(28,707		)	6,106
Noncontrolling interests	—		—		57		—			57
TOTAL EQUITY	6,106		369		28,395		(28,707		)	6,163
TOTAL LIABILITIES AND EQUITY	$	12,766	$	22,202	$	44,444	$	(52,285	)	$	27,127

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statement of Cash Flows

	Three months ended March 31, 2016
	Aon			Aon			Other Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	$	(47	)	$	(37	)	$	357		$	—		$	273
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from investments	—			9			4			—			13
Purchases of investments	—			(5		)	(9		)	—			(14		)
Net (purchases) sales of short-term investments - non-fiduciary	—			(244		)	17			—			(227		)
Acquisition of businesses, net of cash acquired	—			—			(16		)	—			(16		)
Proceeds from sale of businesses	—			—			97			—			97
Capital expenditures	—			—			(52		)	—			(52		)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			(240		)	41			—			(199		)
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(685		)	—			—			—			(685		)
Advances from (to) affiliates	(46		)	(219		)	(147		)	412			—
Issuance of shares for employee benefit plans	(64		)	—			(1		)	—			(65		)
Issuance of debt	996			50			(1		)	—			1,045
Repayment of debt	(72		)	(100		)	(3		)	—			(175		)
Cash dividends to shareholders	(82		)	—			—			—			(82		)
Noncontrolling interests and other financing activities	—			—			(42		)	—			(42		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	47			(269		)	(194		)	412			(4		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			11			—			11
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	—			(546		)	215			412			81
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—			2,083			1,242			(2,941		)	384
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	—		$	1,537		$	1,457		$	(2,529	)	$	465

Condensed Consolidating Statement of Cash Flows

	Three months ended March 31, 2015
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	$	164		$	(188	)	$	322		$	—		$	298
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from investments	—			—			3			—			3
Purchases of investments	—			(1		)	—			—			(1		)
Net (purchases) 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 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	(114		)	—			—			—			(114		)
Issuance of debt	114			756			—			—			870
Repayment of debt	—			(678		)	(8		)	—			(686		)
Cash dividends to shareholders	(71		)	—			—			—			(71		)
Noncontrolling interests and other financing activities	—			—			(6		)	—			(6		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(164		)	(307		)	(998		)	1,212			(257		)
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