Guarantee of Registered Securities

9 Months Ended

Sep. 30, 2017

Guarantee of Registered Securities [Abstract]

Guarantee of Registered Securities

Guarantee of Registered Securities

As described in Note 16 “Commitments and Contingencies,” in connection with the Redomestication, Aon plc entered into various agreements pursuant to which it agreed to guarantee the obligations of Aon Corporation arising under issued and outstanding debt securities, including the 5.00% Notes due September 2020, the 8.205% Notes due January 2027, and the 6.25% Notes due September 2040 (collectively, the “Aon Corp Notes”). Aon Corporation is a 100% indirectly owned subsidiary of Aon plc. All guarantees of Aon plc are full and unconditional. There are no other subsidiaries of Aon plc that are guarantors of the Aon Corp Notes.

In addition, Aon Corporation entered into an agreement pursuant to which it agreed to guarantee the obligations of Aon plc arising under the 4.25% Notes due 2042 exchanged for Aon Corporation’s outstanding 8.205% Notes due January 2027, and also agreed to guarantee the obligations of Aon plc arising under the 4.45% Notes due 2043, the 4.00% Notes due November 2023, the 2.875% Notes due May 2026, the 3.50% Notes due June 2024, the 4.60% Notes due June 2044, the 4.75% Notes due May 2045, the 2.80% Notes due March 2021, and the 3.875% Notes due December 2025 (collectively, the “Aon plc Notes”). In each case, the guarantee of Aon Corporation is full and unconditional. There are no subsidiaries of Aon plc, other than Aon Corporation, that are guarantors of the Aon plc Notes. As a result of the existence of these guarantees, the Company has elected to present the financial information set forth in this footnote in accordance with Rule 3-10 of Regulation S-X.

The following tables set forth Condensed Consolidating Statements of Income for the three and nine months ended September 30, 2017 and 2016, Condensed Consolidating Statements of Comprehensive Income for the three and nine months ended September 30, 2017 and 2016, Condensed Consolidating Statements of Financial Position as of September 30, 2017 and December 31, 2016, and Condensed Consolidating Statements of Cash Flows for the nine months ended September 30, 2017 and 2016 in accordance with Rule 3-10 of Regulation S-X. The condensed consolidating financial information includes the accounts of Aon plc, the accounts of Aon Corporation, and the combined accounts of the non-guarantor subsidiaries. The condensed consolidating financial statements are presented in all periods as a merger under common control, with Aon plc presented as the parent company in all periods prior and subsequent to the Redomestication. The principal consolidating adjustments are to eliminate the investment in subsidiaries and intercompany balances and transactions.

As described in Note 1 “Basis of Presentation,” and consistent with the Company’s Condensed Consolidated Financial Statements, the following tables present the financial results of the Divested Business as discontinued operations for all periods presented within non-guarantor Subsidiaries. The impact of intercompany transactions have been reflected within continuing operations in the Condensed Consolidating Financial Statements.

Condensed Consolidating Statement of Income

	Three months ended September 30, 2017
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Total revenue	$	—		$	—		$	2,340		$	—		$	2,340
Expenses
Compensation and benefits	25			20			1,374			—			1,419
Information technology	—			—			109			—			109
Premises	—			—			89			—			89
Depreciation of fixed assets	—			—			40			—			40
Amortization and impairment of intangible assets	—			—			101			—			101
Other general expenses (income)	1			1			315			—			317
Total operating expenses	26			21			2,028			—			2,075
Operating income (loss)	(26		)	(21		)	312			—			265
Interest income	—			18			—			(8		)	10
Interest expense	(53		)	(24		)	(1		)	8			(70		)
Intercompany interest income (expense)	3			(135		)	132			—			—
Intercompany other income (expense)	291			(271		)	(20		)	—			—
Other income (expense)	(2		)	14			(17		)	—			(5		)
Income (loss) from continuing operations before income taxes	213			(419		)	406			—			200
Income tax benefit (expense)	(8		)	(81		)	93			—			4
Net income (loss) from continuing operations	221			(338		)	313			—			196
Income (loss) from discontinued operations, net of tax	—			—			(4		)	—			(4		)
Net income (loss) before equity in earnings of subsidiaries	221			(338		)	309			—			192
Equity in earnings of subsidiaries, net of tax	(36		)	122			(216		)	130			—
Net income	185			(216		)	93			130			192
Less: Net income attributable to noncontrolling interests	—			—			7			—			7
Net income (loss) attributable to Aon shareholders	$	185		$	(216	)	$	86		$	130		$	185

Condensed Consolidating Statement of Income

	Three months ended September 30, 2016
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Total revenue	$	—		$	—		$	2,201		$	—		$	2,201
Expenses
Compensation and benefits	25			4			1,271			—			1,300
Information technology	—			—			99			—			99
Premises	—			—			86			—			86
Depreciation of fixed assets	—			—			39			—			39
Amortization and impairment of intangible assets	—			—			42			—			42
Other general expenses (income)	(1		)	3			265			—			267
Total operating expenses	24			7			1,802			—			1,833
Operating income (loss)	(24		)	(7		)	399			—			368
Interest income	—			4			5			(8		)	1
Interest expense	(51		)	(24		)	(3		)	8			(70		)
Intercompany interest income (expense)	3			(135		)	132			—			—
Intercompany other income (expense)	328			(277		)	(51		)	—			—
Other income (expense)	(5		)	1			11			3			10
Income (loss) from continuing operations before income taxes	251			(438		)	493			3			309
Income tax benefit (expense)	13			(93		)	105			—			25
Net income (loss) from continuing operations	238			(345		)	388			3			284
Income (loss) from discontinued operations, net of tax	—			—			42			—			42
Net income (loss) before equity in earnings of subsidiaries	238			(345		)	430			3			326
Equity in earnings of subsidiaries, net of tax	78			225			(120		)	(183		)	—
Net income	316			(120		)	310			(180		)	326
Less: Net income attributable to noncontrolling interests	—			—			7			—			7
Net income (loss) attributable to Aon shareholders	$	316		$	(120	)	$	303		$	(180	)	$	319

Condensed Consolidating Statement of Income

	Nine months ended September 30, 2017
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Total revenue	$	—		$	—		$	7,089		$	—		$	7,089
Expenses
Compensation and benefits	85			31			4,221			—			4,337
Information technology	—			—			295			—			295
Premises	—			—			259			—			259
Depreciation of fixed assets	—			—			148			—			148
Amortization and impairment of intangible assets	—			—			604			—			604
Other general expenses (income)	10			(3		)	949			—			956
Total operating expenses	95			28			6,476			—			6,599
Operating income (loss)	(95		)	(28		)	613			—			490
Interest income	—			35			—			(15		)	20
Interest expense	(144		)	(71		)	(11		)	15			(211		)
Intercompany interest income (expense)	10			(407		)	397			—			—
Intercompany other income (expense)	189			(280		)	91			—			—
Other income (expense)	(25		)	22			(35		)	18			(20		)
Income (loss) from continuing operations before income taxes	(65		)	(729		)	1,055			18			279
Income tax benefit (expense)	(30		)	(198		)	89			—			(139		)
Net income (loss) from continuing operations	(35		)	(531		)	966			18			418
Income (loss) from discontinued operations, net of tax	—			—			857			—			857
Net income (loss) before equity in earnings of subsidiaries	(35		)	(531		)	1,823			18			1,275
Equity in earnings of subsidiaries, net of tax	1,262			1,028			497			(2,787		)	—
Net income	1,227			497			2,320			(2,769		)	1,275
Less: Net income attributable to noncontrolling interests	—			—			30			—			30
Net income (loss) attributable to Aon shareholders	$	1,227		$	497		$	2,290		$	(2,769	)	$	1,245

Condensed Consolidating Statement of Income

	Nine months ended September 30, 2016
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Total revenue	$	—		$	—		$	6,759		$	—		$	6,759
Expenses
Compensation and benefits	76			10			3,955			—			4,041
Information technology	—			—			281			—			281
Premises	—			—			257			—			257
Depreciation of fixed assets	—			—			118			—			118
Amortization and impairment of intangible assets	—			—			117			—			117
Other general expenses (income)	5			7			758			—			770
Total operating expenses	81			17			5,486			—			5,584
Operating income (loss)	(81		)	(17		)	1,273			—			1,175
Interest income	—			13			14			(21		)	6
Interest expense	(145		)	(78		)	(10		)	21			(212		)
Intercompany interest income (expense)	10			(405		)	395			—			—
Intercompany other income (expense)	217			(292		)	75			—			—
Other income (expense)	(3		)	(8		)	39			(1		)	27
Income (loss) from continuing operations before income taxes	(2		)	(787		)	1,786			(1		)	996
Income tax benefit (expense)	(33		)	(219		)	379			—			127
Net income (loss) from continuing operations	31			(568		)	1,407			(1		)	869
Income (loss) from discontinued operations, net of tax	—			—			102			—			102
Net income (loss) before equity in earnings of subsidiaries	31			(568		)	1,509			(1		)	971
Equity in earnings of subsidiaries, net of tax	914			836			268			(2,018		)	—
Net income	945			268			1,777			(2,019		)	971
Less: Net income attributable to noncontrolling interests	—			—			27			—			27
Net income (loss) attributable to Aon shareholders	$	945		$	268		$	1,750		$	(2,019	)	$	944

Condensed Consolidating Statement of Comprehensive Income

	Three months ended September 30, 2017
						Other
	Aon		Aon			Non-Guarantor		Consolidating
(millions)	plc		Corporation			Subsidiaries		Adjustments			Consolidated
Net income (loss)	$	185	$	(216	)	$	93	$	130		$	192
Less: Net income attributable to noncontrolling interests	—		—			7		—			7
Net income (loss) attributable to Aon shareholders	185		(216		)	86		130			185
Other comprehensive income (loss), net of tax:
Change in fair value of financial instruments	—		3			8		—			11
Foreign currency translation adjustments	—		—			243		—			243
Post-retirement benefit obligation	—		7			11		—			18
Total other comprehensive income (loss)	—		10			262		—			272
Equity in other comprehensive income (loss) of subsidiaries, net of tax	265		245			255		(765		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—			7		—			7
Total other comprehensive income (loss) attributable to Aon shareholders	265		255			510		(765		)	265
Comprehensive income (loss) attributable to Aon shareholders	$	450	$	39		$	596	$	(635	)	$	450

Condensed Consolidating Statement of Comprehensive Income

	Three months ended September 30, 2016
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Net income (loss)	$	316		$	(120	)	$	310		$	(180	)	$	326
Less: Net income attributable to noncontrolling interests	—			—			7			—			7
Net income (loss) attributable to Aon shareholders	316			(120		)	303			(180		)	319
Other comprehensive income (loss), net of tax:
Change in fair value of financial instruments	—			1			(1		)	—			—
Foreign currency translation adjustments	—			1			(87		)	(3		)	(89		)
Post-retirement benefit obligation	—			7			11			—			18
Total other comprehensive income (loss)	—			9			(77		)	(3		)	(71		)
Equity in other comprehensive income (loss) of subsidiaries, net of tax	(68		)	(83		)	(74		)	225			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			—			—			—
Total other comprehensive income (loss) attributable to Aon shareholders	(68		)	(74		)	(151		)	222			(71		)
Comprehensive income (loss) attributable to Aon shareholders	$	248		$	(194	)	$	152		$	42		$	248

Condensed Consolidating Statement of Comprehensive Income

	Nine months ended September 30, 2017
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
Net income (loss)	$	1,227	$	497	$	2,320	$	(2,769	)	$	1,275
Less: Net income attributable to noncontrolling interests	—		—		30		—			30
Net income (loss) attributable to Aon shareholders	1,227		497		2,290		(2,769		)	1,245
Other comprehensive income (loss), net of tax:
Change in fair value of financial instruments	—		3		10		—			13
Foreign currency translation adjustments	—		—		452		(18		)	434
Post-retirement benefit obligation	—		23		33		—			56
Total other comprehensive income (loss)	—		26		495		(18		)	503
Equity in other comprehensive income (loss) of subsidiaries, net of tax	518		480		506		(1,504		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—		3		—			3
Total other comprehensive income (loss) attributable to Aon shareholders	518		506		998		(1,522		)	500
Comprehensive income (loss) attributable to Aon shareholders	$	1,745	$	1,003	$	3,288	$	(4,291	)	$	1,745

Condensed Consolidating Statement of Comprehensive Income

	Nine months ended September 30, 2016
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Net income (loss)	$	945		$	268		$	1,777		$	(2,019	)	$	971
Less: Net income attributable to noncontrolling interests	—			—			27			—			27
Net income (loss) attributable to Aon shareholders	945			268			1,750			(2,019		)	944
Other comprehensive income (loss), net of tax:
Change in fair value of financial instruments	—			1			(12		)	—			(11		)
Foreign currency translation adjustments	(2		)	22			(248		)	1			(227		)
Post-retirement benefit obligation	—			23			(155		)	—			(132		)
Total other comprehensive income (loss)	(2		)	46			(415		)	1			(370		)
Equity in other comprehensive income (loss) of subsidiaries, net of tax	(369		)	(425		)	(379		)	1,173			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			—			—			—
Total other comprehensive income (loss) attributable to Aon shareholders	(371		)	(379		)	(794		)	1,174			(370		)
Comprehensive income (loss) attributable to Aon shareholders	$	574		$	(111	)	$	956		$	(845	)	$	574

Condensed Consolidating Statement of Financial Position

	As of September 30, 2017
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	3,110	$	802	$	(3,163	)	$	749
Short-term investments	—		1,467		173		—			1,640
Receivables, net	—		2		2,066		—			2,068
Fiduciary assets	—		—		9,292		—			9,292
Intercompany receivables	110		4,860		12,436		(17,406		)	—
Other current assets	—		37		481		—			518
Current assets of discontinued operations	—		—		—		—			—
Total Current Assets	110		9,476		25,250		(20,569		)	14,267
Goodwill	—		—		7,888		—			7,888
Intangible assets, net	—		—		1,341		—			1,341
Fixed assets, net	—		—		545		—			545
Deferred tax assets	135		664		173		(407		)	565
Intercompany receivables	391		261		8,728		(9,380		)	—
Prepaid pension	—		5		1,015		—			1,020
Other non-current assets	1		49		248		—			298
Investment in subsidiary	11,900		17,748		509		(30,157		)	—
Non-current assets of discontinued operations	—		—		—		—			—
TOTAL ASSETS	$	12,537	$	28,203	$	45,697	$	(60,513	)	$	25,924
LIABILITIES AND EQUITY
LIABILITIES
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	2,929	$	37	$	1,785	$	(3,163	)	$	1,588
Short-term debt and current portion of long-term debt	—		—		305		—			305
Fiduciary liabilities	—		—		9,292		—			9,292
Intercompany payables	147		15,951		1,308		(17,406		)	—
Other current liabilities	24		54		1,211		—			1,289
Current liabilities of discontinued operations	—		—		—		—			—
Total Current Liabilities	3,100		16,042		13,901		(20,569		)	12,474
Long-term debt	4,247		1,414		1		—			5,662
Deferred tax liabilities	—		—		490		(407		)	83
Pension, other post-retirement and other post-employment liabilities	—		1,234		378		—			1,612
Intercompany payables	—		8,894		486		(9,380		)	—
Other non-current liabilities	15		110		721		—			846
Non-current liabilities of discontinued operations	—		—		—		—			—
TOTAL LIABILITIES	7,362		27,694		15,977		(30,356		)	20,677
TOTAL AON SHAREHOLDERS’ EQUITY	5,175		509		29,648		(30,157		)	5,175
Noncontrolling interests	—		—		72		—			72
TOTAL EQUITY	5,175		509		29,720		(30,157		)	5,247
TOTAL LIABILITIES AND EQUITY	$	12,537	$	28,203	$	45,697	$	(60,513	)	$	25,924

Condensed Consolidating Statement of Financial Position

	As of December 31, 2016
						Other
	Aon		Aon			Non-Guarantor			Consolidating
(millions)	plc		Corporation			Subsidiaries			Adjustments			Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	1,633		$	655		$	(1,862	)	$	426
Short-term investments	—		140			150			—			290
Receivables, net	—		3			2,103			—			2,106
Fiduciary assets	—		—			8,959			—			8,959
Intercompany receivables	105		1,880			9,825			(11,810		)	—
Other current assets	—		25			222			—			247
Current assets of discontinued operations	—		—			1,118			—			1,118
Total Current Assets	105		3,681			23,032			(13,672		)	13,146
Goodwill	—		—			7,410			—			7,410
Intangible assets, net	—		—			1,890			—			1,890
Fixed assets, net	—		—			550			—			550
Deferred tax assets	134		726			171			(706		)	325
Intercompany receivables	366		261			8,711			(9,338		)	—
Prepaid pension	—		5			853			—			858
Other non-current assets	2		119			239			—			360
Investment in subsidiary	10,107		17,131			(356		)	(26,882		)	—
Non-current assets of discontinued operations	—		—			2,076			—			2,076
TOTAL ASSETS	$	10,714	$	21,923		$	44,576		$	(50,598	)	$	26,615
LIABILITIES AND EQUITY
LIABILITIES
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	585	$	44		$	2,837		$	(1,862	)	$	1,604
Short-term debt and current portion of long-term debt	279		50			7			—			336
Fiduciary liabilities	—		—			8,959			—			8,959
Intercompany payables	142		10,399			1,269			(11,810		)	—
Other current liabilities	—		63			593			—			656
Current liabilities of discontinued operations	—		—			940			—			940
Total Current Liabilities	1,006		10,556			14,605			(13,672		)	12,495
Long-term debt	4,177		1,413			279			—			5,869
Deferred tax liabilities	—		—			759			(658		)	101
Pension, other post-retirement and other post-employment liabilities	—		1,356			404			—			1,760
Intercompany payables	—		8,877			461			(9,338		)	—
Other non-current liabilities	8		77			634			—			719
Non-current liabilities of discontinued operations	—		—			139			—			139
TOTAL LIABILITIES	5,191		22,279			17,281			(23,668		)	21,083
TOTAL AON SHAREHOLDERS’ EQUITY	5,523		(356		)	27,238			(26,930		)	5,475
Noncontrolling interests	—		—			57			—			57
TOTAL EQUITY	5,523		(356		)	27,295			(26,930		)	5,532
TOTAL LIABILITIES AND EQUITY	$	10,714	$	21,923		$	44,576		$	(50,598	)	$	26,615

Condensed Consolidating Statement of Cash Flows

	Nine months ended September 30, 2017
	Aon			Aon			Other Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Cash provided by (used for) operating activities - continuing operations	$	(135	)	$	999		$	987		$	(1,562	)	$	289
Cash provided by operating activities - discontinued operations	—			—			64			—			64
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	(135		)	999			1,051			(1,562		)	353
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from investments	—			576			11			(544		)	43
Payments for investments	(16		)	(25		)	(571		)	557			(55		)
Net purchases of short-term investments - non-fiduciary	—			(1,328		)	(16		)	—			(1,344		)
Acquisition of businesses, net of cash acquired	—			1			(173		)	—			(172		)
Sale of businesses, net of cash sold	—			—			4,194			—			4,194
Capital expenditures	—			—			(125		)	—			(125		)
Cash provided by (used for) investing activities - continuing operations	(16		)	(776		)	3,320			13			2,541
Cash used for investing activities - discontinued operations	—			—			(19		)	—			(19		)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	(16		)	(776		)	3,301			13			2,522
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(1,888		)	—			—			—			(1,888		)
Advances from (to) affiliates	2,722			1,304			(4,274		)	248			—
Issuance of shares for employee benefit plans	(118		)	—			—			—			(118		)
Issuance of debt	544			1,100			7			—			1,651
Repayment of debt	(835		)	(1,150		)	(13		)	—			(1,998		)
Cash dividends to shareholders	(274		)	—			—			—			(274		)
Noncontrolling interests and other financing activities	—			—			(21		)	—			(21		)
Cash provided by (used for) financing activities - continuing operations	151			1,254			(4,301		)	248			(2,648		)
Cash used for financing activities - discontinued operations	—			—			—			—			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	151			1,254			(4,301		)	248			(2,648		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			91			—			91
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			1,477			142			(1,301		)	318
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR (1)	—			1,633			660			(1,862		)	431
CASH AND CASH EQUIVALENTS AT END OF PERIOD (2)	$	—		$	3,110		$	802		$	(3,163	)	$	749

(1) Includes $5 million of discontinued operations at December 31, 2016.

(2) There was no cash held by discontinued operations at September 30, 2017.

Condensed Consolidating Statement of Cash Flows

	Nine months ended September 30, 2016
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Cash provided by (used for) operating activities - continuing operations	$	219		$	(664	)	$	1,597		$	—		$	1,152
Cash provided by operating activities - discontinued operations	—			—			323			—			323
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	219			(664		)	1,920			—			1,475
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from investments	—			19			12			—			31
Payments for investments	—			(25		)	(22		)	—			(47		)
Net sales of short-term investments - non-fiduciary	—			(99		)	(9		)	—			(108		)
Acquisition of businesses, net of cash acquired	—			—			(198		)	—			(198		)
Sale of businesses, net of cash sold	—			—			104			—			104
Capital expenditures	—			—			(107		)	—			(107		)
Cash provided by (used for) investing activities - continuing operations	—			(105		)	(220		)	—			(325		)
Cash used for investing activities - discontinued operations	—			—			(46		)	—			(46		)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			(105		)	(266		)	—			(371		)
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(1,037		)	—			—			—			(1,037		)
Advances from (to) affiliates	166			356			(670		)	148			—
Issuance of shares for employee benefit plans	(70		)	—			—			—			(70		)
Issuance of debt	1,588			1,141			—			—			2,729
Repayment of debt	(608		)	(1,692		)	(8		)	—			(2,308		)
Cash dividends to shareholders	(258		)	—			—			—			(258		)
Noncontrolling interests and other financing activities	—			—			(71		)	—			(71		)
Cash provided by (used for) financing activities - continuing operations	(219		)	(195		)	(749		)	148			(1,015		)
Cash used for financing activities - discontinued operations	—			—			—			—			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	(219		)	(195		)	(749		)	148			(1,015		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			10			—			10
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			(964		)	915			148			99
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR(1)	—			2,083			1,242			(2,941		)	384
CASH AND CASH EQUIVALENTS AT END OF PERIOD(2)	$	—		$	1,119		$	2,157		$	(2,793	)	$	483

(1) Includes $2 million of discontinued operations at December 31, 2015.

(2) Includes $3 million of discontinued operations at September 30, 2016.