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Guarantee of Registered Securities (Tables)
 3 Months Ended
Mar. 31, 2018
Guarantee of Registered Securities [Abstract]  
Condensed Consolidating Statements of Income
Condensed Consolidating Statement of Income
 
 
Three months ended March 31, 2018
(millions)
 
Aon plc
 
Aon Corporation
 
Other Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Total revenue
 
$
—

 
$
—

 
$
3,090

 
$
—

 
$
3,090

Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
19

 
1

 
1,596

 
—

 
1,616

Information technology
 
—

 
—

 
115

 
—

 
115

Premises
 
—

 
—

 
93

 
—

 
93

Depreciation of fixed assets
 
—

 
—

 
39

 
—

 
39

Amortization and impairment of intangible assets
 
—

 
—

 
110

 
—

 
110

Other general expenses
 
1

 
—

 
317

 
—

 
318

Total operating expenses
 
20

 
1

 
2,270

 
—

 
2,291

Operating income (loss)
 
(20
)
 
(1
)
 
820

 
—

 
799

Interest income
 
—

 
14

 
—

 
(10
)
 
4

Interest expense
 
(49
)
 
(24
)
 
(7
)
 
10

 
(70
)
Intercompany interest income (expense)
 
4

 
(128
)
 
124

 
—

 
—

Intercompany other income (expense)
 
(71
)
 
(5
)
 
76

 
—

 
—

Other income (expense)
 
(7
)
 
(6
)
 
(5
)
 
3

 
(15
)
Income (loss) from continuing operations before income taxes
 
(143
)
 
(150
)
 
1,008

 
3

 
718

Income tax expense (benefit)
 
(16
)
 
(27
)
 
157

 
—

 
114

Net income (loss) from continuing operations
 
(127
)
 
(123
)
 
851

 
3

 
604

Income from discontinued operations, net of tax
 
—

 
—

 
6

 
—

 
6

Net income (loss) before equity in earnings of subsidiaries
 
(127
)
 
(123
)
 
857

 
3

 
610

Equity in earnings of subsidiaries, net of tax
 
718

 
704

 
581

 
(2,003
)
 
—

Net income
 
591

 
581

 
1,438

 
(2,000
)
 
610

Less: Net income attributable to noncontrolling interests
 
—

 
—

 
16

 
—

 
16

Net income attributable to Aon shareholders
 
$
591

 
$
581

 
$
1,422

 
$
(2,000
)
 
$
594


Condensed Consolidating Statement of Income
 
 
Three months ended March 31, 2017
(millions)
 
Aon plc
 
Aon Corporation
 
Other Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Total revenue
 
$
—

 
$
—

 
$
2,381

 
$
—

 
$
2,381

Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
52

 
3

 
1,414

 
—

 
1,469

Information technology
 
—

 
—

 
88

 
—

 
88

Premises
 
—

 
—

 
84

 
—

 
84

Depreciation of fixed assets
 
—

 
—

 
54

 
—

 
54

Amortization and impairment of intangible assets
 
—

 
—

 
43

 
—

 
43

Other general expenses
 
5

 
2

 
301

 
—

 
308

Total operating expenses
 
57

 
5

 
1,984

 
—

 
2,046

Operating income (loss)
 
(57
)
 
(5
)
 
397

 
—

 
335

Interest income
 
—

 
6

 
(2
)
 
(2
)
 
2

Interest expense
 
(45
)
 
(24
)
 
(3
)
 
2

 
(70
)
Intercompany interest income (expense)
 
3

 
(136
)
 
133

 
—

 
—

Intercompany other income (expense)
 
(50
)
 
7

 
43

 
—

 
—

Other income (expense)
 
(10
)
 
9

 
(9
)
 
8

 
(2
)
Income (loss) from continuing operations before income taxes
 
(159
)
 
(143
)
 
559

 
8

 
265

Income tax expense (benefit)
 
(14
)
 
(54
)
 
68

 
—

 
—

Net income (loss) from continuing operations
 
(145
)
 
(89
)
 
491

 
8

 
265

Income from discontinued operations, net of tax
 
—

 
—

 
40

 
—

 
40

Net income (loss) before equity in earnings of subsidiaries
 
(145
)
 
(89
)
 
531

 
8

 
305

Equity in earnings of subsidiaries, net of tax
 
428

 
271

 
182

 
(881
)
 
—

Net income
 
283

 
182

 
713

 
(873
)
 
305

Less: Net income attributable to noncontrolling interests
 
—

 
—

 
14

 
—

 
14

Net income attributable to Aon shareholders
 
$
283

 
$
182

 
$
699

 
$
(873
)
 
$
291
Condensed Consolidating Statements of Comprehensive Income
Condensed Consolidating Statement of Comprehensive Income
 
 
Three months ended March 31, 2018
(millions)
 
Aon plc
 
Aon Corporation
 
Other Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Net income
 
$
591

 
$
581

 
$
1,438

 
$
(2,000
)
 
$
610

Less: Net income attributable to noncontrolling interests
 
—

 
—

 
16

 
—

 
16

Net income attributable to Aon shareholders
 
591

 
581

 
1,422

 
(2,000
)
 
594

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
Change in fair value of financial instruments
 
—

 
3

 
11

 
—

 
14

Foreign currency translation adjustments
 
—

 
—

 
250

 
(3
)
 
247

Postretirement benefit obligation
 
—

 
11

 
37

 
—

 
48

Total other comprehensive income
 
—

 
14

 
298

 
(3
)
 
309

Equity in other comprehensive income of subsidiaries, net of tax
 
309

 
285

 
299

 
(893
)
 
—

Less: Other comprehensive income attributable to noncontrolling interests
 
—

 
—

 
3

 
—

 
3

Total other comprehensive income attributable to Aon shareholders
 
309

 
299

 
594

 
(896
)
 
306

Comprehensive income attributable to Aon shareholders
 
$
900

 
$
880

 
$
2,016

 
$
(2,896
)
 
$
900

Condensed Consolidating Statement of Comprehensive Income
 
 
Three months ended March 31, 2017
(millions)
 
Aon plc
 
Aon Corporation
 
Other Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Net income
 
$
283

 
$
182

 
$
713

 
$
(873
)
 
$
305

Less: Net income attributable to noncontrolling interests
 
—

 
—

 
14

 
—

 
14

Net income attributable to Aon shareholders
 
283

 
182

 
699

 
(873
)
 
291

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
Change in fair value of financial instruments
 
—

 
(2
)
 
—

 
—

 
(2
)
Foreign currency translation adjustments
 
—

 
—

 
155

 
(8
)
 
147

Postretirement benefit obligation
 
—

 
8

 
10

 
—

 
18

Total other comprehensive income
 
—

 
6

 
165

 
(8
)
 
163

Equity in other comprehensive income of subsidiaries, net of tax
 
170

 
164

 
170

 
(504
)
 
—

Less: Other comprehensive income attributable to noncontrolling interests
 
—

 
—

 
1

 
—

 
1

Total other comprehensive income attributable to Aon shareholders
 
170

 
170

 
334

 
(512
)
 
162

Comprehensive income attributable to Aon shareholders
 
$
453

 
$
352

 
$
1,033

 
$
(1,385
)
 
$
453
Condensed Consolidating Statements of Financial Position
Condensed Consolidating Statement of Financial Position
 
 
As of March 31, 2018
(millions)
 
Aon plc
 
Aon Corporation
 
Other Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
ASSETS
 
 

 
 

 
 

 
 

 
 

CURRENT ASSETS
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
—

 
$
2,603

 
$
640

 
$
(2,646
)
 
$
597

Short-term investments
 
—

 
1

 
117

 
—

 
118

Receivables, net
 
—

 
1

 
3,052

 
—

 
3,053

Fiduciary assets
 
—

 
—

 
10,738

 
—

 
10,738

Current intercompany receivables
 
186

 
2,355

 
10,953

 
(13,494
)
 
—

Other current assets
 
1

 
19

 
589

 
—

 
609

Total Current Assets
 
187

 
4,979

 
26,089

 
(16,140
)
 
15,115

Goodwill
 
—

 
—

 
8,550

 
—

 
8,550

Intangible assets, net
 
—

 
—

 
1,662

 
—

 
1,662

Fixed assets, net
 
—

 
—

 
578

 
—

 
578

Deferred tax assets
 
99

 
391

 
57

 
(251
)
 
296

Non-current intercompany receivables
 
426

 
261

 
8,247

 
(8,934
)
 
—

Prepaid pension
 
—

 
6

 
1,201

 
—

 
1,207

Other non-current assets
 
1

 
32

 
406

 
—

 
439

Investment in subsidiary
 
10,406

 
19,124

 
1,311

 
(30,841
)
 
—

TOTAL ASSETS
 
$
11,119

 
$
24,793

 
$
48,101

 
$
(56,166
)
 
$
27,847

 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 

 
 

 
 

 
 

 
 

LIABILITIES
 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
 
$
896

 
$
12

 
$
3,283

 
$
(2,646
)
 
$
1,545

Short-term debt and current portion of long-term debt
 
374

 
26

 
3

 
—

 
403

Fiduciary liabilities
 
—

 
—

 
10,738

 
—

 
10,738

Current intercompany payables
 
262

 
12,098

 
1,134

 
(13,494
)
 
—

Other current liabilities
 
—

 
65

 
907

 
—

 
972

Total Current Liabilities
 
1,532

 
12,201

 
16,065

 
(16,140
)
 
13,658

Long-term debt
 
4,282

 
1,414

 
1

 
—

 
5,697

Deferred tax liabilities
 
—

 
—

 
494

 
(251
)
 
243

Pension, other postretirement and other post-employment liabilities
 
—

 
1,365

 
394

 
—

 
1,759

Non-current intercompany payables
 
—

 
8,412

 
522

 
(8,934
)
 
—

Other non-current liabilities
 
4

 
90

 
1,011

 
—

 
1,105

TOTAL LIABILITIES
 
5,818

 
23,482

 
18,487

 
(25,325
)
 
22,462

 
 
 
 
 
 
 
 
 
 
 
TOTAL AON SHAREHOLDERS’ EQUITY
 
5,301

 
1,311

 
29,530

 
(30,841
)
 
5,301

Noncontrolling interests
 
—

 
—

 
84

 
—

 
84

TOTAL EQUITY
 
5,301

 
1,311

 
29,614

 
(30,841
)
 
5,385

TOTAL LIABILITIES AND EQUITY
 
$
11,119

 
$
24,793

 
$
48,101

 
$
(56,166
)
 
$
27,847

Condensed Consolidating Statement of Financial Position
 
 
As of December 31, 2017
(millions)
 
Aon plc
 
Aon Corporation
 
Other Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
ASSETS
 
 

 
 

 
 

 
 

 
 

CURRENT ASSETS
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
1

 
$
2,524

 
$
793

 
$
(2,562
)
 
$
756

Short-term investments
 
—

 
355

 
174

 
—

 
529

Receivables, net
 
—

 
2

 
2,476

 
—

 
2,478

Fiduciary assets
 
—

 
—

 
9,625

 
—

 
9,625

Current intercompany receivables
 
165

 
1,046

 
10,824

 
(12,035
)
 
—

Other current assets
 
1

 
29

 
259

 
—

 
289

Total Current Assets
 
167

 
3,956

 
24,151

 
(14,597
)
 
13,677

Goodwill
 
—

 
—

 
8,358

 
—

 
8,358

Intangible assets, net
 
—

 
—

 
1,733

 
—

 
1,733

Fixed assets, net
 
—

 
—

 
564

 
—

 
564

Deferred tax assets
 
99

 
396

 
143

 
(249
)
 
389

Non-current intercompany receivables
 
414

 
261

 
8,232

 
(8,907
)
 
—

Prepaid pension
 
—

 
6

 
1,054

 
—

 
1,060

Other non-current assets
 
1

 
35

 
271

 
—

 
307

Investment in subsidiary
 
8,884

 
17,910

 
20

 
(26,814
)
 
—

TOTAL ASSETS
 
$
9,565

 
$
22,564

 
$
44,526

 
$
(50,567
)
 
$
26,088

 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 

 
 

 
 

 
 

 
 

LIABILITIES
 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
 
$
574

 
$
36

 
$
3,913

 
$
(2,562
)
 
$
1,961

Short-term debt and current portion of long-term debt
 
—

 
—

 
299

 
—

 
299

Fiduciary liabilities
 
—

 
—

 
9,625

 
—

 
9,625

Current intercompany payables
 
130

 
11,149

 
756

 
(12,035
)
 
—

Other current liabilities
 
16

 
64

 
790

 
—

 
870

Total Current Liabilities
 
720

 
11,249

 
15,383

 
(14,597
)
 
12,755

Long-term debt
 
4,251

 
1,415

 
1

 
—

 
5,667

Deferred tax liabilities
 
—

 
—

 
376

 
(249
)
 
127

Pension, other postretirement and other post-employment liabilities
 
—

 
1,391

 
398

 
—

 
1,789

Non-current intercompany payables
 
—

 
8,398

 
509

 
(8,907
)
 
—

Other non-current liabilities
 
11

 
91

 
1,000

 
—

 
1,102

TOTAL LIABILITIES
 
4,982

 
22,544

 
17,667

 
(23,753
)
 
21,440

 
 
 
 
 
 
 
 
 
 
 
TOTAL AON SHAREHOLDERS’ EQUITY
 
4,583

 
20

 
26,794

 
(26,814
)
 
4,583

Noncontrolling interests
 
—

 
—

 
65

 
—

 
65

TOTAL EQUITY
 
4,583

 
20

 
26,859

 
(26,814
)
 
4,648

TOTAL LIABILITIES AND EQUITY
 
$
9,565

 
$
22,564

 
$
44,526

 
$
(50,567
)
 
$
26,088
Condensed Consolidating Statements of Cash Flows
Condensed Consolidating Statement of Cash Flows
 
 
Three months ended March 31, 2018
(millions)
 
Aon plc
 
Aon Corporation
 
Other Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
 
 

 
 

 
 

 
 

 
 

Cash provided by (used for) operating activities - continuing operations
 
$
(21
)
 
$
626

 
$
277

 
$
(742
)
 
$
140

Cash provided by operating activities - discontinued operations
 
—

 
—

 
—

 
—

 
—

CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES
 
(21
)
 
626

 
277

 
(742
)
 
140

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Proceeds from investments
 
—

 
10

 
7

 
—

 
17

Payments for investments
 
(1
)
 
(5
)
 
(6
)
 
1

 
(11
)
Net purchases of short-term investments - non-fiduciary
 
—

 
355

 
60

 
—

 
415

Acquisition of businesses, net of cash acquired
 
—

 
—

 
(29
)
 
—

 
(29
)
Sale of businesses, net of cash sold
 
—

 
—

 
(1
)
 
—

 
(1
)
Capital expenditures
 
—

 
—

 
(45
)
 
—

 
(45
)
Cash provided by (used for) investing activities - continuing operations
 
(1
)
 
360

 
(14
)
 
1

 
346

Cash used for investing activities - discontinued operations
 
—

 
—

 
—

 
—

 
—

CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES
 
(1
)
 
360

 
(14
)
 
1

 
346

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Share repurchase
 
(569
)
 
—

 
—

 
—

 
(569
)
Advances from (to) affiliates
 
418

 
(933
)
 
(142
)
 
657

 
—

Issuance of shares for employee benefit plans
 
(109
)
 
—

 
—

 
—

 
(109
)
Issuance of debt
 
431

 
375

 
2

 
—

 
808

Repayment of debt
 
(61
)
 
(349
)
 
(294
)
 
—

 
(704
)
Cash dividends to shareholders
 
(89
)
 
—

 
—

 
—

 
(89
)
Noncontrolling interests and other financing activities
 
—

 
—

 
—

 
—

 
—

Cash provided by (used for) financing activities - continuing operations
 
21

 
(907
)
 
(434
)
 
657

 
(663
)
Cash used for financing activities - discontinued operations
 
—

 
—

 
—

 
—

 
—

CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES
 
21

 
(907
)
 
(434
)
 
657

 
(663
)
 
 
 
 
 
 
 
 
 
 
 
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
 
—

 
—

 
18

 
—

 
18

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
 
(1
)
 
79

 
(153
)
 
(84
)
 
(159
)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
 
1

 
2,524

 
793

 
(2,562
)
 
756

CASH AND CASH EQUIVALENTS AT END OF PERIOD
 
$
—

 
$
2,603

 
$
640

 
$
(2,646
)
 
$
597




Condensed Consolidating Statement of Cash Flows
 
 
Three months ended March 31, 2017
(millions) 
 
Aon plc
 
Aon Corporation
 
Other Non-Guarantor Subsidiaries
 
Consolidating Adjustments
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
 
 

 
 

 
 

 
 

 
 

Cash provided by (used for) operating activities - continuing operations
 
$
(28
)
 
$
1,117

 
$
533

 
$
(1,440
)
 
$
182

Cash provided by operating activities - discontinued operations
 
—

 
—

 
58

 
—

 
58

CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES
 
(28
)
 
1,117

 
591

 
(1,440
)
 
240

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Proceeds from investments
 
—

 
565

 
4

 
(544
)
 
25

Payments for investments
 
—

 
(4
)
 
(546
)
 
541

 
(9
)
Net sales of short-term investments - non-fiduciary
 
—

 
94

 
—

 
—

 
94

Acquisition of businesses, net of cash acquired
 
—

 
—

 
(46
)
 
—

 
(46
)
Sale of businesses, net of cash sold
 
—

 
—

 
(2
)
 
—

 
(2
)
Capital expenditures
 
—

 
—

 
(34
)
 
—

 
(34
)
Cash provided by (used for) investing activities - continuing operations
 
—

 
655

 
(624
)
 
(3
)
 
28

Cash used for investing activities - discontinued operations
 
—

 
—

 
(15
)
 
—

 
(15
)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES
 
—

 
655

 
(639
)
 
(3
)
 
13

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Share repurchase
 
(126
)
 
—

 
—

 
—

 
(126
)
Advances from (to) affiliates
 
290

 
(1,990
)
 
(17
)
 
1,717

 
—

Issuance of shares for employee benefit plans
 
(85
)
 
—

 
—

 
—

 
(85
)
Issuance of debt
 
457

 
535

 
—

 
—

 
992

Repayment of debt
 
(421
)
 
(525
)
 
(4
)
 
—

 
(950
)
Cash dividends to shareholders
 
(87
)
 
—

 
—

 
—

 
(87
)
Noncontrolling interests and other financing activities
 
—

 
—

 
(2
)
 
—

 
(2
)
Cash provided by (used for) financing activities - continuing operations
 
28

 
(1,980
)
 
(23
)
 
1,717

 
(258
)
Cash used for financing activities - discontinued operations
 
—

 
—

 
—

 
—

 
—

CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES
 
28

 
(1,980
)
 
(23
)
 
1,717

 
(258
)
 
 
 
 
 
 
 
 
 
 
 
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
 
—

 
—

 
25

 
—

 
25

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
 
—

 
(208
)
 
(46
)
 
274

 
20

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR(1)
 
—

 
1,633

 
660

 
(1,862
)
 
431

CASH AND CASH EQUIVALENTS AT END OF PERIOD(2)
 
$
—

 
$
1,425

 
$
614

 
$
(1,588
)
 
$
451


(1)
Includes $5 million of discontinued operations at December 31, 2016.
(2)
Includes $18 million of discontinued operations at March 31, 2017.