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Guarantee of Registered Securities (Tables)
 12 Months Ended
Dec. 31, 2018
Guarantee of Registered Securities  
Condensed Consolidating Statement of Income
Condensed Consolidating Statement of Income
 
 
Year Ended December 31, 2018
(millions)
 
Aon plc
 
Aon Corporation
 
Other
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Total revenue
 
$
—

 
$
—

 
$
10,770

 
$
—

 
$
10,770

Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
74

 
(1
)
 
6,030

 
—

 
6,103

Information technology
 
—

 
—

 
484

 
—

 
484

Premises
 
—

 
—

 
370

 
—

 
370

Depreciation of fixed assets
 
—

 
—

 
176

 
—

 
176

Amortization and impairment of intangible assets
 
—

 
—

 
593

 
—

 
593

Other general expenses (income)
 
4

 
64

 
1,432

 
—

 
1,500

Total operating expenses
 
78

 
63

 
9,085

 
—

 
9,226

Operating income (loss)
 
(78
)
 
(63
)
 
1,685

 
—

 
1,544

Interest income
 
—

 
58

 
—

 
(53
)
 
5

Interest expense
 
(203
)
 
(101
)
 
(27
)
 
53

 
(278
)
Intercompany interest income (expense)
 
15

 
(514
)
 
499

 
—

 
—

Intercompany other income (expense)
 
97

 
(399
)
 
302

 
—

 
—

Other income (expense)
 
9

 
(48
)
 
35

 
(21
)
 
(25
)
Income (loss) from continuing operations before income taxes
 
(160
)
 
(1,067
)
 
2,494

 
(21
)
 
1,246

Income tax expense (benefit)
 
(60
)
 
(192
)
 
398

 
—

 
146

Net income (loss) from continuing operations
 
(100
)
 
(875
)
 
2,096

 
(21
)
 
1,100

Net Income from discontinued operations
 
—

 
—

 
74

 
—

 
74

Net income (loss) before equity in earnings of subsidiaries
 
(100
)
 
(875
)
 
2,170

 
(21
)
 
1,174

Equity in earnings of subsidiaries
 
1,255

 
1,004

 
129

 
(2,388
)
 
—

Net income
 
1,155

 
129

 
2,299

 
(2,409
)
 
1,174

Less: Net income attributable to noncontrolling interests
 
—

 
—

 
40

 
—

 
40

Net income attributable to Aon shareholders
 
$
1,155

 
$
129

 
$
2,259

 
$
(2,409
)
 
$
1,134

Condensed Consolidating Statement of Income
 
 
Year Ended December 31, 2017
(millions)
 
Aon plc
 
Aon Corporation
 
Other
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Total revenue
 
$
—

 
$
—

 
$
9,998

 
$
—

 
$
9,998

Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
150

 
26

 
5,827

 
—

 
6,003

Information technology
 
—

 
—

 
419

 
—

 
419

Premises
 
—

 
—

 
348

 
—

 
348

Depreciation of fixed assets
 
—

 
—

 
187

 
—

 
187

Amortization and impairment of intangible assets
 
—

 
—

 
704

 
—

 
704

Other general expenses (income)
 
12

 
(6
)
 
1,266

 
—

 
1,272

Total operating expenses
 
162

 
20

 
8,751

 
—

 
8,933

Operating income (loss)
 
(162
)
 
(20
)
 
1,247

 
—

 
1,065

Interest income
 
—

 
52

 
4

 
(29
)
 
27

Interest expense
 
(202
)
 
(94
)
 
(15
)
 
29

 
(282
)
Intercompany interest income (expense)
 
14

 
(543
)
 
529

 
—

 
—

Intercompany other income (expense)
 
247

 
(411
)
 
164

 
—

 
—

Other income (expense)
 
(27
)
 
12

 
(128
)
 
18

 
(125
)
Income (loss) from continuing operations before income taxes
 
(130
)
 
(1,004
)
 
1,801

 
18

 
685

Income tax expense (benefit)
 
(43
)
 
(110
)
 
403

 
—

 
250

Net income (loss) from continuing operations
 
(87
)
 
(894
)
 
1,398

 
18

 
435

Net Income from discontinued operations
 
—

 
—

 
828

 
—

 
828

Net income (loss) before equity in earnings of subsidiaries
 
(87
)
 
(894
)
 
2,226

 
18

 
1,263

Equity in earnings of subsidiaries
 
1,295

 
1,121

 
227

 
(2,643
)
 
—

Net income
 
1,208

 
227

 
2,453

 
(2,625
)
 
1,263

Less: Net income attributable to noncontrolling interests
 
—

 
—

 
37

 
—

 
37

Net income attributable to Aon shareholders
 
$
1,208

 
$
227

 
$
2,416

 
$
(2,625
)
 
$
1,226

Condensed Consolidating Statement of Income
 
 
Year Ended December 31, 2016
(millions)
 
Aon plc
 
Aon Corporation
 
Other
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Total revenue
 
$
—

 
$
—

 
$
9,409

 
$
—

 
$
9,409

Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
130

 
6

 
5,378

 
—

 
5,514

Information technology
 
—

 
—

 
386

 
—

 
386

Premises
 
—

 
—

 
343

 
—

 
343

Depreciation of fixed assets
 
—

 
—

 
162

 
—

 
162

Amortization and impairment of intangible assets
 
 
 
—

 
157

 
—

 
157

Other general expenses (income)
 
—

 
2

 
1,034

 
—

 
1,036

Total operating expenses
 
130

 
8

 
7,460

 
—

 
7,598

Operating income (loss)
 
(130
)
 
(8
)
 
1,949

 
—

 
1,811

Interest income
 
—

 
16

 
22

 
(29
)
 
9

Interest expense
 
(196
)
 
(101
)
 
(14
)
 
29

 
(282
)
Intercompany interest income (expense)
 
14

 
(541
)
 
527

 
—

 
—

Intercompany other income (expense)
 
274

 
(361
)
 
87

 
—

 
—

Other income (expense)
 
15

 
(170
)
 
36

 
(18
)
 
(137
)
Income (loss) from continuing operations before income taxes
 
(23
)
 
(1,165
)
 
2,607

 
(18
)
 
1,401

Income tax expense (benefit)
 
(55
)
 
(325
)
 
528

 
—

 
148

Net income (loss) from continuing operations
 
32

 
(840
)
 
2,079

 
(18
)
 
1,253

Net Income from discontinued operations
 
—

 
—

 
177

 
—

 
177

Net income (loss) before equity in earnings of subsidiaries
 
32

 
(840
)
 
2,256

 
(18
)
 
1,430

Equity in earnings of subsidiaries
 
1,382

 
1,249

 
409

 
(3,040
)
 
—

Net income
 
1,414

 
409

 
2,665

 
(3,058
)
 
1,430

Less: Net income attributable to noncontrolling interests
 
—

 
—

 
34

 
—

 
34

Net income attributable to Aon shareholders
 
$
1,414

 
$
409

 
$
2,631

 
$
(3,058
)
 
$
1,396
Condensed Consolidating Statement of Comprehensive Income
Condensed Consolidating Statement of Comprehensive Income
 
 
Year Ended December 31, 2018
(millions)
 
Aon plc
 
Aon Corporation
 
Other
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Net income
 
$
1,155

 
$
129

 
$
2,299

 
$
(2,409
)
 
$
1,174

Less: Net income attributable to noncontrolling interests
 
—

 
—

 
40

 
—

 
40

Net income attributable to Aon shareholders
 
1,155

 
129

 
2,259

 
(2,409
)
 
1,134

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

 
—

 
11

 
—

 
11

Foreign currency translation adjustments
 
—

 
—

 
(465
)
 
21

 
(444
)
Postretirement benefit obligation
 
—

 
(2
)
 
19

 
—

 
17

Total other comprehensive income (loss)
 
—

 
(2
)
 
(435
)
 
21

 
(416
)
Equity in other comprehensive income (loss) of subsidiaries, net of tax
 
(433
)
 
(415
)
 
(417
)
 
1,265

 
—

Less: Other comprehensive income (loss) attributable to noncontrolling interests
 
—

 
—

 
(4
)
 
—

 
(4
)
Total other comprehensive income (loss) attributable to Aon shareholders
 
(433
)
 
(417
)
 
(848
)
 
1,286

 
(412
)
Comprehensive income (loss) attributable to Aon shareholders
 
$
722

 
$
(288
)
 
$
1,411

 
$
(1,123
)
 
$
722


Condensed Consolidating Statement of Comprehensive Income
 
 
Year Ended December 31, 2017
(millions)
 
Aon plc
 
Aon Corporation
 
Other
Non-Guarantor
Subsidiaries
 
Consolidating Adjustments
 
Consolidated
Net income
 
$
1,208

 
$
227

 
$
2,453

 
$
(2,625
)
 
$
1,263

Less: Net income attributable to noncontrolling interests
 
—

 
—

 
37

 
—

 
37

Net income attributable to Aon shareholders
 
1,208

 
227

 
2,416

 
(2,625
)
 
1,226

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

 
3

 
9

 
—

 
12

Foreign currency translation adjustments
 
—

 
—

 
408

 
(18
)
 
390

Postretirement benefit obligation
 
—

 
(101
)
 
120

 
—

 
19

Total other comprehensive income (loss)
 
—

 
(98
)
 
537

 
(18
)
 
421

Equity in other comprehensive income (loss) of subsidiaries, net of tax
 
434

 
515

 
417

 
(1,366
)
 
—

Less: Other comprehensive income (loss) attributable to noncontrolling interests
 
—

 
—

 
5

 
—

 
5

Total other comprehensive income (loss) attributable to Aon shareholders
 
434

 
417

 
949

 
(1,384
)
 
416

Comprehensive income (loss) attributable to Aon shareholders
 
$
1,642

 
$
644

 
$
3,365

 
$
(4,009
)
 
$
1,642

Condensed Consolidating Statement of Comprehensive Income
 
 
Year Ended December 31, 2016
(millions)
 
Aon plc
 
Aon
Corporation
 
Other
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Net income
 
$
1,414

 
$
409

 
$
2,665

 
$
(3,058
)
 
$
1,430

Less: Net income attributable to noncontrolling interests
 
—

 
—

 
34

 
—

 
34

Net income attributable to Aon shareholders
 
1,414

 
409

 
2,631

 
(3,058
)
 
1,396

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

 
(1
)
 
(11
)
 
—

 
(12
)
Foreign currency translation adjustments
 
(2
)
 
21

 
(532
)
 
18

 
(495
)
Postretirement benefit obligation
 
—

 
68

 
(52
)
 
—

 
16

Total other comprehensive income (loss)
 
(2
)
 
88

 
(595
)
 
18

 
(491
)
Equity in other comprehensive income (loss) of subsidiaries, net of tax
 
(505
)
 
(547
)
 
(459
)
 
1,511

 
—

Less: Other comprehensive income (loss) attributable to noncontrolling interests
 
—

 
—

 
(2
)
 
—

 
(2
)
Total other comprehensive income (loss) attributable to Aon shareholders
 
(507
)
 
(459
)
 
(1,052
)
 
1,529

 
(489
)
Comprehensive income (loss) attributable to Aon shareholders
 
$
907

 
$
(50
)
 
$
1,579

 
$
(1,529
)
 
$
907
Condensed Consolidating Statement of Financial Position
Condensed Consolidating Statement of Financial Position
 
 
As of December 31, 2018
(millions)
 
Aon plc
 
Aon
Corporation
 
Other
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
—

 
$
862

 
$
575

 
$
(781
)
 
$
656

Short-term investments
 
—

 
56

 
116

 
—

 
172

Receivables, net
 
—

 
—

 
2,760

 
—

 
2,760

Fiduciary assets
 
—

 
—

 
10,166

 
—

 
10,166

Intercompany receivables
 
191

 
897

 
11,454

 
(12,542
)
 
—

Other current assets
 
—

 
16

 
602

 
—

 
618

Total current assets
 
191

 
1,831

 
25,673

 
(13,323
)
 
14,372

Goodwill
 
—

 
—

 
8,171

 
—

 
8,171

Intangible assets, net
 
—

 
—

 
1,149

 
—

 
1,149

Fixed assets, net
 
—

 
—

 
588

 
—

 
588

Deferred tax assets
 
94

 
467

 
144

 
(144
)
 
561

Intercompany receivables
 
403

 
261

 
7,405

 
(8,069
)
 
—

Prepaid pension
 
—

 
5

 
1,128

 
—

 
1,133

Other non-current assets
 
1

 
30

 
417

 
—

 
448

Investment in subsidiary
 
8,433

 
19,065

 
(897
)
 
(26,601
)
 
—

Total assets
 
$
9,122

 
$
21,659

 
$
43,778

 
$
(48,137
)
 
$
26,422

 
 
 
 
 
 
 
 
 
 
 
Liabilities and equity
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
 
$
274

 
$
70

 
$
2,380

 
$
(781
)
 
$
1,943

Short-term debt and current portion of long-term debt
 
250

 
—

 
1

 
—

 
251

Fiduciary liabilities
 
—

 
—

 
10,166

 
—

 
10,166

Intercompany payables
 
213

 
11,695

 
634

 
(12,542
)
 
—

Other current liabilities
 
—

 
69

 
867

 
—

 
936

Total current liabilities
 
737

 
11,834

 
14,048

 
(13,323
)
 
13,296

Long-term debt
 
4,231

 
1,762

 
—

 
—

 
5,993

Deferred tax liabilities
 
—

 
—

 
325

 
(144
)
 
181

Pension, other postretirement and other post-employment liabilities
 
—

 
1,275

 
361

 
—

 
1,636

Intercompany payables
 
—

 
7,570

 
499

 
(8,069
)
 
—

Other non-current liabilities
 
3

 
115

 
979

 
—

 
1,097

Total liabilities
 
4,971

 
22,556

 
16,212

 
(21,536
)
 
22,203

 
 
 
 
 
 
 
 
 
 
 
Total Aon shareholders' equity
 
4,151

 
(897
)
 
27,498

 
(26,601
)
 
4,151

Noncontrolling interests
 
—

 
—

 
68

 
—

 
68

Total equity
 
4,151

 
(897
)
 
27,566

 
(26,601
)
 
4,219

Total liabilities and equity
 
$
9,122

 
$
21,659

 
$
43,778

 
$
(48,137
)
 
$
26,422

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

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

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

 
17,799

 
(91
)
 
(26,592
)
 
—

Total assets
 
$
9,565

 
$
22,453

 
$
44,415

 
$
(50,345
)
 
$
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

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

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

 
(91
)
 
26,683

 
(26,592
)
 
4,583

Noncontrolling interests
 
—

 
—

 
65

 
—

 
65

Total equity
 
4,583

 
(91
)
 
26,748

 
(26,592
)
 
4,648

Total liabilities and equity
 
$
9,565

 
$
22,453

 
$
44,415

 
$
(50,345
)
 
$
26,088
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows
 
 
Year Ended December 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
 
$
1,575

 
$
3

 
$
3,608

 
$
(3,500
)
 
$
1,686

Cash provided by operating activities - discontinued operations
 
—

 
—

 
—

 
—

 
—

Cash provided by (used for) operating activities
 
1,575

 
3

 
3,608

 
(3,500
)
 
1,686

 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
Proceeds from investments
 
—

 
24

 
955

 
(908
)
 
71

Payments for investments
 
(13
)
 
(47
)
 
(33
)
 
13

 
(80
)
Net purchases (sales) of short-term investments - non-fiduciary
 
—

 
299

 
49

 
—

 
348

Acquisition of businesses, net of cash acquired
 
—

 
—

 
(58
)
 
—

 
(58
)
Sale of businesses, net of cash sold
 
—

 
—

 
(10
)
 
—

 
(10
)
Capital expenditures
 
—

 
—

 
(240
)
 
—

 
(240
)
Cash provided by (used for) investing activities - continuing operations
 
(13
)
 
276

 
663

 
(895
)
 
31

Cash used for investing activities - discontinued operations
 
—

 
—

 
—

 
—

 
—

Cash provided by (used for) investing activities
 
(13
)
 
276

 
663

 
(895
)
 
31

 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
Share repurchase
 
(1,470
)
 
—

 
—

 
—

 
(1,470
)
Advances from (to) affiliates
 
156

 
(2,291
)
 
(4,041
)
 
6,176

 
—

Issuance of shares for employee benefit plans
 
(149
)
 
—

 
—

 
—

 
(149
)
Issuance of debt
 
1,723

 
4,028

 
3

 
—

 
5,754

Repayment of debt
 
(1,441
)
 
(3,678
)
 
(298
)
 
—

 
(5,417
)
Cash dividends to shareholders
 
(382
)
 
—

 
—

 
—

 
(382
)
Noncontrolling interests and other financing activities
 


 
—

 
(35
)
 
—

 
(35
)
Cash provided by (used for) financing activities - continuing operations
 
(1,563
)
 
(1,941
)
 
(4,371
)
 
6,176

 
(1,699
)
Cash used for financing activities - discontinued operations
 
—

 
—

 
—

 
—

 
—

Cash provided by (used for) financing activities
 
(1,563
)
 
(1,941
)
 
(4,371
)
 
6,176

 
(1,699
)
 
 
 
 
 
 
 
 
 
 
 
Effect of exchange rate changes on cash and cash equivalents
 
—

 
—

 
(118
)
 
—

 
(118
)
Net increase (decrease) in cash and cash equivalents
 
(1
)
 
(1,662
)
 
(218
)
 
1,781

 
(100
)
Cash and cash equivalents at beginning of year
 
1

 
2,524

 
793

 
(2,562
)
 
756

Cash and cash equivalents at end of year
 
$
—

 
$
862

 
$
575

 
$
(781
)
 
$
656


Condensed Consolidating Statement of Cash Flows
 
 
Year Ended December 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
 
$
2,787

 
$
503

 
$
2,010

 
$
(4,631
)
 
$
669

Cash provided by operating activities - discontinued operations
 
—

 
—

 
65

 
—

 
65

Cash provided by (used for) operating activities
 
2,787

 
503

 
2,075

 
(4,631
)
 
734

 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
Proceeds from investments
 
224

 
587

 
582

 
(1,325
)
 
68

Payments for investments
 
(261
)
 
(29
)
 
(576
)
 
802

 
(64
)
Net purchases (sales) of short-term investments - non-fiduciary
 
—

 
(215
)
 
(17
)
 
—

 
(232
)
Acquisition of businesses, net of cash acquired
 
—

 
—

 
(1,029
)
 
—

 
(1,029
)
Sale of businesses, net of cash sold
 
—

 
—

 
4,246

 
—

 
4,246

Capital expenditures
 
—

 
—

 
(183
)
 
—

 
(183
)
Cash provided by (used for) investing activities - continuing operations
 
(37
)
 
343

 
3,023

 
(523
)
 
2,806

Cash used for investing activities - discontinued operations
 
—

 
—

 
(19
)
 
—

 
(19
)
Cash provided by (used for) investing activities
 
(37
)
 
343

 
3,004

 
(523
)
 
2,787

 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
Share repurchase
 
(2,399
)
 
—

 
—

 
—

 
(2,399
)
Advances from (to) affiliates
 
426

 
95

 
(4,975
)
 
4,454

 
—

Issuance of shares for employee benefit plans
 
(121
)
 
—

 
—

 
—

 
(121
)
Issuance of debt
 
544

 
1,100

 
10

 
—

 
1,654

Repayment of debt
 
(835
)
 
(1,150
)
 
(14
)
 
—

 
(1,999
)
Cash dividends to shareholders
 
(364
)
 
—

 
—

 
—

 
(364
)
Noncontrolling interests and other financing activities
 
—

 
—

 
(36
)
 
—

 
(36
)
Cash provided by (used for) financing activities - continuing operations
 
(2,749
)
 
45

 
(5,015
)
 
4,454

 
(3,265
)
Cash used for financing activities - discontinued operations
 
—

 
—

 
—

 
—

 
—

Cash provided by (used for) financing activities
 
(2,749
)
 
45

 
(5,015
)
 
4,454

 
(3,265
)
 
 
 
 
 
 
 
 
 
 
 
Effect of exchange rate changes on cash and cash equivalents
 
—

 
—

 
69

 
—

 
69

Net increase (decrease) in cash and cash equivalents
 
1

 
891

 
133

 
(700
)
 
325

Cash and cash equivalents at beginning of year (1)
 
—

 
1,633

 
660

 
(1,862
)
 
431

Cash and cash equivalents at end of year (2)
 
$
1

 
$
2,524

 
$
793

 
$
(2,562
)
 
$
756

(1)
Includes $5 million of discontinued operations at December 31, 2016.
(2)
Includes $0 million of discontinued operations at December 31, 2017
Condensed Consolidating Statement of Cash Flows
 
 
Year Ended December 31, 2016
(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
 
$
2,705

 
$
(536
)
 
$
2,768

 
$
(3,108
)
 
$
1,829

Cash provided by operating activities - discontinued operations
 
—

 
—

 
497

 
—

 
497

Cash provided by (used for) operating activities
 
2,705

 
(536
)
 
3,265

 
(3,108
)
 
2,326

 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
Proceeds from investments
 
—

 
316

 
15

 
(288
)
 
43

Payments for investments
 
—

 
(35
)
 
(29
)
 
—

 
(64
)
Net purchases (sales) of short-term investments - non-fiduciary
 
—

 
70

 
(9
)
 
—

 
61

Acquisition of businesses, net of cash acquired
 
—

 
(335
)
 
(608
)
 
64

 
(879
)
Sale of businesses, net of cash sold
 
—

 
—

 
171

 
(64
)
 
107

Capital expenditures
 
—

 
—

 
(156
)
 
—

 
(156
)
Cash provided by (used for) investing activities - continuing operations
 
—

 
16

 
(616
)
 
(288
)
 
(888
)
Cash used for investing activities - discontinued operations
 
—

 
—

 
(66
)
 
—

 
(66
)
Cash provided by (used for) investing activities
 
—

 
16

 
(682
)
 
(288
)
 
(954
)
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
Share repurchase
 
(1,257
)
 
—

 
—

 
—

 
(1,257
)
Advances from (to) affiliates
 
(2,008
)
 
570

 
(3,037
)
 
4,475

 
—

Issuance of shares for employee benefit plans
 
(129
)
 
—

 
—

 
—

 
(129
)
Issuance of debt
 
1,879

 
1,588

 
—

 
—

 
3,467

Repayment of debt
 
(845
)
 
(2,088
)
 
(12
)
 
—

 
(2,945
)
Cash dividends to shareholders
 
(345
)
 
—

 
—

 
—

 
(345
)
Noncontrolling interests and other financing activities
 
—

 
—

 
(77
)
 
—

 
(77
)
Cash provided by (used for) financing activities - continuing operations
 
(2,705
)
 
70

 
(3,126
)
 
4,475

 
(1,286
)
Cash used for financing activities - discontinued operations
 
—

 
—

 
—

 
—

 
—

Cash provided by (used for) financing activities
 
(2,705
)
 
70

 
(3,126
)
 
4,475

 
(1,286
)
 
 
 
 
 
 
 
 
 
 
 
Effect of exchange rate changes on cash and cash equivalents
 
—

 
—

 
(39
)
 
—

 
(39
)
Net increase (decrease) in cash and cash equivalents
 
—

 
(450
)
 
(582
)
 
1,079

 
47

Cash and cash equivalents at beginning of year (1)
 
—

 
2,083

 
1,242

 
(2,941
)
 
384

Cash and cash equivalents at end of year (2)
 
$
—

 
$
1,633

 
$
660

 
$
(1,862
)
 
$
431


(1)
Includes $2 million of discontinued operations at December 31, 2015.
(2)
Includes $5 million of discontinued operations at December 31, 2016