Acquisitions and Dispositions of Businesses

9 Months Ended

Sep. 30, 2016

Acquisitions and Dispositions of Businesses

Acquisitions

The number of acquisitions completed within each reportable segment is as follows:



	Three months ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Risk Solutions	1	—	3	2
HR Solutions	—	1	2	3
Total	1	1	5	5

The following table includes the aggregate consideration transferred and the preliminary value of intangible assets recorded as a result of the Company's acquisitions (in millions):



	Nine months ended September 30,
	2016		2015
Consideration	$	207	$	26
Intangible assets:
Goodwill	$	117	$	18
Other intangible assets	93		1
Total	$	210	$	19

The results of operations of these acquisitions are included in the Condensed Consolidated Financial Statements as of the acquisition date. The results of operations of the Company would not have been materially different if these acquisitions had been reported from the beginning of the period in which they were acquired.

Dispositions

The number of dispositions completed within each reportable segment is as follows:



	Three months ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Risk Solutions	—	1	3	2
HR Solutions	—	—	1	1
Total	—	1	4	3

Total pretax gains, net of losses, recognized on the disposals was insignificant for both the three months ended September 30, 2016 and September 30, 2015. Total pretax gains, net of losses, recognized were $41 million and $20 million, respectively for the nine months ended September 30, 2016 and September 30, 2015. Gains and losses recognized as a result of a disposition are included in Other income in the Condensed Consolidated Statements of Income.