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Employee Benefits (Tables)
6 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
Components of net periodic benefit cost for the pension plans
The following table provides the components of the net periodic (benefit) cost recognized in the Condensed Consolidated Statements of Income for Aon’s significant U.K., U.S., and other international pension plans. Service cost is reported in Compensation and benefits and all other components are reported in Other income (expense) as follows (in millions):
 
Three Months Ended June 30
 
U.K.
 
U.S.
 
Other
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Service cost
$

 
$

 
$

 
$

 
$

 
$

Interest cost
27

 
29

 
27

 
25

 
7

 
7

Expected return on plan assets, net of administration expenses
(48
)
 
(50
)
 
(34
)
 
(36
)
 
(10
)
 
(11
)
Amortization of prior-service cost

 

 

 
1

 

 

Amortization of net actuarial loss
8

 
7

 
14

 
15

 
3

 
3

Net periodic (benefit) cost
(13
)
 
(14
)
 
7

 
5

 

 
(1
)
Loss on pension settlement

 
16

 

 

 

 

Total net periodic (benefit) cost
$
(13
)

$
2


$
7


$
5


$


$
(1
)

 
Six Months Ended June 30
 
U.K.
 
U.S.
 
Other
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Service cost
$

 
$

 
$

 
$

 
$

 
$

Interest cost
55

 
58

 
54

 
50

 
14

 
14

Expected return on plan assets, net of administration expenses
(97
)
 
(101
)
 
(68
)
 
(72
)
 
(20
)
 
(23
)
Amortization of prior-service cost
1

 

 
1

 
1

 

 

Amortization of net actuarial loss
15

 
15

 
27

 
30

 
6

 
6

Net periodic (benefit) cost
(26
)
 
(28
)
 
14

 
9

 

 
(3
)
Loss on pension settlement

 
23

 

 

 

 

Total net periodic (benefit) cost
$
(26
)
 
$
(5
)
 
$
14

 
$
9

 
$

 
$
(3
)