Restructuring

9 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

In 2017, Aon initiated a global restructuring plan (the “Restructuring Plan”) in connection with the sale of the benefits administration and business process outsourcing business (the “Divested Business”). The Restructuring Plan was intended to streamline operations across the organization and deliver greater efficiency, insight, and connectivity. The Company incurred all remaining costs for the Restructuring Plan, and the Restructuring Plan was closed in the fourth quarter of 2019. As such, for the three and nine months ended September 30, 2020, no charges were taken under the Restructuring Plan. For the three and nine months ended September 30, 2019, $63 million and $281 million of restructuring expenses were charged under the Restructuring Plan.

As of December 31, 2019, the remaining liabilities for the Restructuring Plan were $204 million. During the nine months ended September 30, 2020, the Company made cash payments of $112 million, and the effect of foreign currency translation and other non-cash activity was $28 million, resulting in restructuring liabilities of $64 million as of September 30, 2020.