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Guarantee of Registered Securities (Tables)
6 Months Ended
Jun. 30, 2013
Condensed Financial Statements, Captions [Line Items]  
Condensed Consolidating Statements of Income
Condensed Consolidating Statement of Income
 
 
 
Three months ended June 30, 2013
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Commissions, fees and other
 
$
1

 
$

 
$
2,890

 
$

 
$
2,891

Fiduciary investment income
 

 

 
6

 

 
6

Total revenue
 
1

 

 
2,896

 

 
2,897

 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
4

 
5

 
1,703

 

 
1,712

Other general expenses
 
9

 
17

 
777

 

 
803

Total operating expenses
 
13

 
22

 
2,480

 

 
2,515

Operating income
 
(12
)
 
(22
)
 
416

 

 
382

Interest income
 

 
1

 
1

 

 
2

Interest expense
 
(4
)
 
(33
)
 
(11
)
 

 
(48
)
Intercompany interest (expense) income
 
(7
)
 
43

 
(36
)
 

 

Other (expense) income
 

 
(2
)
 
8

 

 
6

(Loss) income from continuing operations before taxes
 
(23
)
 
(13
)
 
378

 

 
342

Income tax (benefit) expense
 
(3
)
 
(6
)
 
99

 

 
90

(Loss) income from continuing operations
 
(20
)
 
(7
)
 
279

 

 
252

 
 
 
 
 
 
 
 
 
 
 
Loss from discontinued operations before taxes
 

 

 

 

 

Income taxes
 

 

 

 

 

Loss from discontinued operations
 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries, net of tax
 
261

 
246

 
239

 
(746
)
 

 
 
 
 
 
 
 
 
 
 
 
Net income
 
241

 
239

 
518

 
(746
)
 
252

Less: Net income attributable to noncontrolling interests
 

 

 
11

 

 
11

Net income attributable to Aon shareholders
 
$
241

 
$
239

 
$
507

 
$
(746
)
 
$
241



Condensed Consolidating Statement of Income
 
 
 
Three months ended June 30, 2012
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Commissions, fees and other
 
$

 
$

 
$
2,813

 
$

 
$
2,813

Fiduciary investment income
 

 

 
8

 

 
8

Total revenue
 

 

 
2,821

 

 
2,821

 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
2

 

 
1,637

 

 
1,639

Other general expenses
 
10

 
7

 
771

 

 
788

Total operating expenses
 
12

 
7

 
2,408

 

 
2,427

Operating income
 
(12
)
 
(7
)
 
413

 

 
394

Interest income
 

 

 
2

 

 
2

Interest expense
 

 
(40
)
 
(17
)
 

 
(57
)
Intercompany interest (expense) income
 
(3
)
 
47

 
(44
)
 

 

Other (expense) income
 

 
(5
)
 
17

 

 
12

(Loss) income from continuing operations before taxes
 
(15
)
 
(5
)
 
371

 

 
351

Income tax (benefit) expense
 
(1
)
 
(2
)
 
99

 

 
96

(Loss) income from continuing operations
 
(14
)
 
(3
)
 
272

 

 
255

 
 
 
 
 
 
 
 
 
 
 
Loss from discontinued operations before taxes
 

 

 
(1
)
 

 
(1
)
Income taxes
 

 

 

 

 

Loss from discontinued operations
 

 

 
(1
)
 

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries, net of tax
 
260

 
234

 
231

 
(725
)
 

 
 
 
 
 
 
 
 
 
 
 
Net income
 
246

 
231

 
502

 
(725
)
 
254

Less: Net income attributable to noncontrolling interests
 

 

 
8

 

 
8

Net income attributable to Aon shareholders
 
$
246

 
$
231

 
$
494

 
$
(725
)
 
$
246






Condensed Consolidating Statement of Income
 
 
 
Six months ended June 30, 2013
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Commissions, fees and other
 
$
2

 
$

 
$
5,797

 
$

 
$
5,799

Fiduciary investment income
 

 

 
13

 

 
13

Total revenue
 
2

 

 
5,810

 

 
5,812

 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
15

 
21

 
3,401

 

 
3,437

Other general expenses
 
16

 
23

 
1,544

 

 
1,583

Total operating expenses
 
31

 
44

 
4,945

 

 
5,020

Operating income
 
(29
)
 
(44
)
 
865

 

 
792

Interest income
 

 
1

 
2

 

 
3

Interest expense
 
(6
)
 
(67
)
 
(27
)
 

 
(100
)
Intercompany interest (expense) income
 
(14
)
 
86

 
(72
)
 

 

Other (expense) income
 

 
(3
)
 
18

 

 
15

(Loss) income from continuing operations before taxes
 
(49
)
 
(27
)
 
786

 

 
710

Income tax (benefit) expense
 
(9
)
 
(11
)
 
206

 

 
186

(Loss) income from continuing operations
 
(40
)
 
(16
)
 
580

 

 
524

 
 
 
 
 
 
 
 
 
 
 
Loss from discontinued operations before taxes
 

 

 

 

 

Income taxes
 

 

 

 

 

Loss from discontinued operations
 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries, net of tax
 
542

 
509

 
493

 
(1,544
)
 

 
 
 
 
 
 
 
 
 
 
 
Net income
 
502

 
493

 
1,073

 
(1,544
)
 
524

Less: Net income attributable to noncontrolling interests
 

 

 
22

 

 
22

Net income attributable to Aon shareholders
 
$
502

 
$
493

 
$
1,051

 
$
(1,544
)
 
$
502

Condensed Consolidating Statement of Income
 
 
 
Six months ended June 30, 2012
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Commissions, fees and other
 
$

 
$

 
$
5,642

 
$

 
$
5,642

Fiduciary investment income
 

 
1

 
19

 

 
20

Total revenue
 

 
1

 
5,661

 

 
5,662

 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
2

 
67

 
3,231

 

 
3,300

Other general expenses
 
10

 
21

 
1,535

 

 
1,566

Total operating expenses
 
12

 
88

 
4,766

 

 
4,866

Operating income
 
(12
)
 
(87
)
 
895

 

 
796

Interest income
 

 

 
5

 

 
5

Interest expense
 

 
(80
)
 
(36
)
 

 
(116
)
Intercompany interest (expense) income
 
(3
)
 
93

 
(90
)
 

 

Other (expense) income
 

 
3

 
9

 

 
12

(Loss) income from continuing operations before taxes
 
(15
)
 
(71
)
 
783

 

 
697

Income tax (benefit) expense
 
(1
)
 
(27
)
 
221

 

 
193

(Loss) income from continuing operations
 
(14
)
 
(44
)
 
562

 

 
504

 
 
 
 
 
 
 
 
 
 
 
Loss from discontinued operations before taxes
 

 

 
(1
)
 

 
(1
)
Income taxes
 

 

 

 

 

Loss from discontinued operations
 

 

 
(1
)
 

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries, net of tax
 
498

 
484

 
440

 
(1,422
)
 

 
 
 
 
 
 
 
 
 
 
 
Net income
 
484

 
440

 
1,001

 
(1,422
)
 
503

Less: Net income attributable to noncontrolling interests
 

 

 
19

 

 
19

Net income attributable to Aon shareholders
 
$
484

 
$
440

 
$
982

 
$
(1,422
)
 
$
484


Condensed Consolidating Statements of Comprehensive Income
Condensed Consolidating Statement of Comprehensive Income
 
 
 
Three months ended June 30, 2013
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income
 
$
241

 
$
239

 
$
518

 
$
(746
)
 
$
252

Less: Net income attributable to noncontrolling interests
 

 

 
11

 

 
11

Net income attributable to Aon shareholders
 
$
241

 
$
239

 
$
507

 
$
(746
)
 
$
241

Other comprehensive loss, net of tax:
 
 
 
 
 
 
 
 
 
 
Change in fair value of investments
 

 
4

 
9

 

 
13

Change in fair value of derivatives
 

 
2

 
(9
)
 

 
(7
)
Foreign currency translation adjustments
 

 
(11
)
 
(47
)
 

 
(58
)
Post-retirement benefit obligation
 

 
7

 
11

 

 
18

Total other comprehensive loss
 

 
2

 
(36
)
 

 
(34
)
Equity in other comprehensive loss of subsidiaries, net of tax
 
(32
)
 
(34
)
 
(32
)
 
98

 

Less: Other comprehensive loss attributable to noncontrolling interests
 

 

 
(2
)
 

 
(2
)
Total other comprehensive loss attributable to Aon shareholders
 
(32
)
 
(32
)
 
(66
)
 
98

 
(32
)
Comprehensive income attributable to Aon shareholders
 
$
209

 
$
207

 
$
441

 
$
(648
)
 
$
209

 
Condensed Consolidating Statement of Comprehensive Income
 
 
 
Three months ended June 30, 2012
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income
 
$
246

 
$
231

 
$
502

 
$
(725
)
 
$
254

Less: Net income attributable to noncontrolling interests
 

 

 
8

 

 
8

Net income attributable to Aon shareholders
 
$
246

 
$
231

 
$
494

 
$
(725
)
 
$
246

Other comprehensive income, net of tax:
 
 
 
 
 
 
 
 
 
 
Change in fair value of investments
 

 

 

 

 

Change in fair value of derivatives
 

 

 
(17
)
 

 
(17
)
Foreign currency translation adjustments
 

 
(5
)
 
(192
)
 

 
(197
)
Post-retirement benefit obligation
 

 
9

 
9

 

 
18

Total other comprehensive income
 

 
4

 
(200
)
 

 
(196
)
Equity in other comprehensive income of subsidiaries, net of tax
 
(193
)
 
(193
)
 
(189
)
 
575

 

Less: Other comprehensive income attributable to noncontrolling interests
 

 

 
(3
)
 

 
(3
)
Total other comprehensive income attributable to Aon shareholders
 
(193
)
 
(189
)
 
(386
)
 
575

 
(193
)
Comprehensive income attributable to Aon Shareholders
 
$
53

 
$
42

 
$
108

 
$
(150
)
 
$
53



Condensed Consolidating Statement of Comprehensive Income
 
 
 
Six months ended June 30, 2013
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income
 
$
502

 
$
493

 
$
1,073

 
$
(1,544
)
 
$
524

Less: Net income attributable to noncontrolling interests
 

 

 
22

 

 
22

Net income attributable to Aon shareholders
 
$
502

 
$
493

 
$
1,051

 
$
(1,544
)
 
$
502

Other comprehensive loss, net of tax:
 
 
 
 
 
 
 
 
 
 
Change in fair value of investments
 

 
4

 
9

 

 
13

Change in fair value of derivatives
 

 
3

 
(24
)
 

 
(21
)
Foreign currency translation adjustments
 

 
(19
)
 
(213
)
 

 
(232
)
Post-retirement benefit obligation
 

 
15

 
26

 

 
41

Total other comprehensive loss
 

 
3

 
(202
)
 

 
(199
)
Equity in other comprehensive loss of subsidiaries, net of tax
 
(197
)
 
(200
)
 
(197
)
 
594

 

Less: Other comprehensive loss attributable to noncontrolling interests
 

 

 
(2
)
 

 
(2
)
Total other comprehensive loss attributable to Aon shareholders
 
(197
)
 
(197
)
 
(397
)
 
594

 
(197
)
Comprehensive income attributable to Aon shareholders
 
$
305

 
$
296

 
$
654

 
$
(950
)
 
$
305

 
Condensed Consolidating Statement of Comprehensive Income
 
 
 
Six months ended June 30, 2012
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income
 
$
484

 
$
440

 
$
1,001

 
$
(1,422
)
 
$
503

Less: Net income attributable to noncontrolling interests
 

 

 
19

 

 
19

Net income attributable to Aon shareholders
 
$
484

 
$
440

 
$
982

 
$
(1,422
)
 
$
484

Other comprehensive income, net of tax:
 
 
 
 
 
 
 
 
 
 
Change in fair value of investments
 

 

 

 

 

Change in fair value of derivatives
 

 

 
(10
)
 

 
(10
)
Foreign currency translation adjustments
 

 
(1
)
 
(92
)
 

 
(93
)
Post-retirement benefit obligation
 

 
15

 
24

 

 
39

Total other comprehensive income
 

 
14

 
(78
)
 

 
(64
)
Equity in other comprehensive income of subsidiaries, net of tax
 
(62
)
 
(77
)
 
(63
)
 
202

 

Less: Other comprehensive income attributable to noncontrolling interests
 

 

 
(2
)
 

 
(2
)
Total other comprehensive income attributable to Aon shareholders
 
(62
)
 
(63
)
 
(139
)
 
202

 
(62
)
Comprehensive income attributable to Aon Shareholders
 
$
422

 
$
377

 
$
843

 
$
(1,220
)
 
$
422

Condensed Consolidating Statements of Financial Position
Condensed Consolidating Statement of Financial Position
 
 
 
As of June 30, 2013
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
ASSETS
 
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
294

 
$
258

 
$

 
$
(286
)
 
$
266

Short-term investments
 

 
63

 
244

 

 
307

Receivables, net
 

 
(2
)
 
2,840

 

 
2,838

Fiduciary assets
 

 

 
12,576

 

 
12,576

Intercompany receivables
 
255

 
2,881

 
5,244

 
(8,380
)
 

Other current assets
 
17

 
50

 
339

 

 
406

Total Current Assets
 
566

 
3,250

 
21,243

 
(8,666
)
 
16,393

Goodwill
 

 

 
8,795

 

 
8,795

Intangible assets, net
 

 

 
2,736

 

 
2,736

Fixed assets, net
 

 

 
808

 

 
808

Investments
 

 
60

 
112

 

 
172

Intercompany receivables
 
166

 
2,093

 
2,196

 
(4,455
)
 

Other non-current assets
 
119

 
739

 
403

 
(103
)
 
1,158

Investment in subsidiary
 
10,879

 
11,057

 
8,716

 
(30,652
)
 

TOTAL ASSETS
 
$
11,730

 
$
17,199

 
$
45,009

 
$
(43,876
)
 
$
30,062

 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
Fiduciary liabilities
 
$

 
$

 
$
12,576

 
$

 
$
12,576

Short-term debt and current portion of long-term debt
 
297

 
107

 
23

 

 
427

Accounts payable and accrued liabilities
 
17

 
65

 
1,627

 
(286
)
 
1,423

Intercompany payables
 
14

 
4,112

 
2,961

 
(7,087
)
 

Other current liabilities
 
1

 
47

 
721

 

 
769

Total Current Liabilities
 
329

 
4,331

 
17,908

 
(7,373
)
 
15,195

Long-term debt
 
443

 
2,515

 
1,054

 

 
4,012

Pension, other post-retirement and other post-employment liabilities
 

 
1,220

 
677

 

 
1,897

Intercompany payables
 
3,393

 
166

 
2,189

 
(5,748
)
 

Other non-current liabilities
 
6

 
251

 
1,186

 
(103
)
 
1,340

TOTAL LIABILITIES
 
4,171

 
8,483

 
23,014

 
(13,224
)
 
22,444

 
 
 
 
 
 
 
 
 
 
 
TOTAL AON SHAREHOLDERS’ EQUITY
 
7,559

 
8,716

 
21,936

 
(30,652
)
 
7,559

Noncontrolling interests
 

 

 
59

 

 
59

TOTAL EQUITY
 
7,559

 
8,716

 
21,995

 
(30,652
)
 
7,618

 
 
 
 
 
 
 
 
 
 
 
TOTAL LIABILITIES AND EQUITY
 
$
11,730

 
$
17,199

 
$
45,009

 
$
(43,876
)
 
$
30,062


Condensed Consolidating Statement of Financial Position
 
 
 
As of December 31, 2012
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
ASSETS
 
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
131

 
$
199

 
$

 
$
(39
)
 
$
291

Short-term investments
 

 
89

 
257

 

 
346

Receivables, net
 
5

 
1

 
3,095

 

 
3,101

Fiduciary assets
 

 

 
12,214

 

 
12,214

Intercompany receivables
 

 
2,092

 
3,545

 
(5,637
)
 

Other current assets
 
7

 
53

 
370

 

 
430

Total Current Assets
 
143

 
2,434

 
19,481

 
(5,676
)
 
16,382

Goodwill
 

 

 
8,943

 

 
8,943

Intangible assets, net
 

 

 
2,975

 

 
2,975

Fixed assets, net
 

 

 
820

 

 
820

Investments
 

 
49

 
116

 

 
165

Intercompany receivables
 
166

 
1,997

 
2,350

 
(4,513
)
 

Other non-current assets
 
117

 
735

 
1,174

 
(825
)
 
1,201

Investment in subsidiary
 
10,398

 
10,522

 
8,322

 
(29,242
)
 

TOTAL ASSETS
 
$
10,824

 
$
15,737

 
$
44,181

 
$
(40,256
)
 
$
30,486

 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
Fiduciary liabilities
 
$

 
$

 
$
12,214

 
$

 
$
12,214

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

 
429

 
23

 

 
452

Accounts payable and accrued liabilities
 
10

 
71

 
1,811

 
(39
)
 
1,853

Intercompany payables
 
51

 
2,637

 
2,162

 
(4,850
)
 

Other current liabilities
 

 
49

 
779

 
3

 
831

Total Current Liabilities
 
61

 
3,186

 
16,989

 
(4,886
)
 
15,350

Long-term debt
 
107

 
2,515

 
1,091

 

 
3,713

Pension, other post-retirement and other post-employment liabilities
 

 
1,294

 
982

 

 
2,276

Intercompany payables
 
2,890

 
166

 
2,247

 
(5,303
)
 

Other non-current liabilities
 
4

 
254

 
1,909

 
(825
)
 
1,342

TOTAL LIABILITIES
 
3,062

 
7,415

 
23,218

 
(11,014
)
 
22,681

 
 
 
 
 
 
 
 
 
 
 
TOTAL AON SHAREHOLDERS’ EQUITY
 
7,762

 
8,322

 
20,920

 
(29,242
)
 
7,762

Noncontrolling interests
 

 

 
43

 

 
43

TOTAL EQUITY
 
7,762

 
8,322

 
20,963

 
(29,242
)
 
7,805

 
 
 
 
 
 
 
 
 
 
 
TOTAL LIABILITIES AND EQUITY
 
$
10,824

 
$
15,737

 
$
44,181

 
$
(40,256
)
 
$
30,486


Condensed Consolidating Statements of Cash Flows
Condensed Consolidating Statement of Cash Flows
 
 
 
Six months ended June 30, 2013
 
 
Aon
 
Aon
 
Other
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
 
 

 
 

 
 

 
 

 
 

CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES
 
$
(23
)
 
$
(89
)
 
$
499

 
$

 
$
387

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Sales of long-term investments
 

 
2

 
21

 

 
23

Purchase of long-term investments
 

 
(6
)
 

 

 
(6
)
Net (purchases) sales of short-term investments - non-fiduciary
 

 
26

 
3

 

 
29

Acquisition of businesses, net of cash acquired
 

 

 
(23
)
 

 
(23
)
Proceeds from sale of businesses
 

 

 
1

 

 
1

Capital expenditures
 

 

 
(122
)
 

 
(122
)
CASH USED FOR INVESTING ACTIVITIES
 

 
22

 
(120
)
 

 
(98
)
 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Share repurchase
 
(525
)
 

 

 

 
(525
)
Advances from (to) affiliates
 
126

 
444

 
(323
)
 
(247
)
 

Issuance of shares for employee benefit plans
 
57

 

 

 

 
57

Issuance of debt
 
639

 
2,044

 
231

 

 
2,914

Repayment of debt
 
(6
)
 
(2,362
)
 
(239
)
 

 
(2,607
)
Cash dividends to shareholders
 
(105
)
 

 

 

 
(105
)
Purchase of shares from noncontrolling interests
 

 

 

 

 

Dividends paid to noncontrolling interests
 

 

 
(6
)
 

 
(6
)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES
 
186

 
126

 
(337
)
 
(247
)
 
(272
)
 
 
 
 
 
 
 
 
 
 
 
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
 

 

 
(42
)
 

 
(42
)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
 
163

 
59

 

 
(247
)
 
(25
)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
 
131

 
199

 

 
(39
)
 
291

CASH AND CASH EQUIVALENTS AT END OF PERIOD
 
$
294

 
$
258

 
$

 
$
(286
)
 
$
266


Condensed Consolidating Statement of Cash Flows
 
 
 
Six months ended June 30, 2012
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions) 
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
 
 

 
 

 
 

 
 

 
 

CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES
 
$
(19
)
 
$
(99
)
 
$
387

 
$

 
$
269

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Sales of long-term investments
 

 

 
51

 

 
51

Purchase of long-term investments
 

 
(7
)
 

 

 
(7
)
Net (purchases) sales of short-term investments - non-fiduciary
 

 
211

 
48

 

 
259

Acquisition of businesses, net of cash acquired
 

 
(55
)
 
(27
)
 

 
(82
)
Proceeds from sale of businesses
 

 

 
1

 

 
1

Capital expenditures
 

 

 
(129
)
 

 
(129
)
CASH USED FOR INVESTING ACTIVITIES
 

 
149

 
(56
)
 

 
93

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Share repurchase
 
(250
)
 
(100
)
 

 

 
(350
)
Advances from (to) affiliates
 
325

 
118

 
(443
)
 

 

Issuance of shares for employee benefit plans
 
15

 
49

 

 

 
64

Issuance of debt
 

 
332

 

 

 
332

Repayment of debt
 

 
(298
)
 
(7
)
 

 
(305
)
Cash dividends to shareholders
 
(52
)
 
(50
)
 

 

 
(102
)
Purchase of shares from noncontrolling interests
 

 

 
1

 

 
1

Dividends paid to noncontrolling interests
 

 

 
(6
)
 

 
(6
)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES
 
38

 
51

 
(455
)
 

 
(366
)
 
 
 
 
 
 
 
 
 
 
 
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
 

 

 
18

 

 
18

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
 
19

 
101

 
(106
)
 

 
14

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
 

 
(21
)
 
293

 

 
272

CASH AND CASH EQUIVALENTS AT END OF PERIOD
 
$
19

 
$
80

 
$
187

 
$

 
$
286


 
Pro Forma [Member]
 
Condensed Financial Statements, Captions [Line Items]  
Condensed Consolidating Statements of Income
Condensed Consolidating Statement of Income
 
 
Three months ended June 30, 2013
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions) 
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
(Loss) income from continuing operations
 
$
(20
)
 
$
(7
)
 
$
279

 
$

 
$
252

Loss from discontinued operations
 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries, net of tax
 
261

 
246

 

 
(507
)
 

 
 
 
 
 
 
 
 
 
 
 
Net income
 
241

 
239

 
279

 
(507
)
 
252

Less: Net income attributable to noncontrolling interests
 

 

 
11

 

 
11

Net income attributable to Aon shareholders
 
$
241

 
$
239

 
$
268

 
$
(507
)
 
$
241


Condensed Consolidating Statement of Income
 
 
Three months ended June 30, 2012
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
(Loss) income from continuing operations
 
$
(14
)
 
$
(3
)
 
$
272

 
$

 
$
255

Loss from discontinued operations
 

 

 
(1
)
 

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries, net of tax
 
260

 
234

 

 
(494
)
 

 
 
 
 
 
 
 
 
 
 
 
Net income
 
246

 
231

 
271

 
(494
)
 
254

Less: Net income attributable to noncontrolling interests
 

 

 
8

 

 
8

Net income attributable to Aon shareholders
 
$
246

 
$
231

 
$
263

 
$
(494
)
 
$
246


Condensed Consolidating Statement of Income
 
 
Six months ended June 30, 2013
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
(Loss) income from continuing operations
 
$
(40
)
 
$
(16
)
 
$
580

 
$

 
$
524

Loss from discontinued operations
 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries, net of tax
 
542

 
509

 

 
(1,051
)
 

 
 
 
 
 
 
 
 
 
 
 
Net income
 
502

 
493

 
580

 
(1,051
)
 
524

Less: Net income attributable to noncontrolling interests
 

 

 
22

 

 
22

Net income attributable to Aon shareholders
 
$
502

 
$
493

 
$
558

 
$
(1,051
)
 
$
502


Condensed Consolidating Statement of Income
 
 
Six months ended June 30, 2012
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
(Loss) income from continuing operations
 
$
(14
)
 
$
(44
)
 
$
562

 
$

 
$
504

Loss from discontinued operations
 

 

 
(1
)
 

 
(1
)
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries, net of tax
 
498

 
484

 

 
(982
)
 

 
 
 
 
 
 
 
 
 
 
 
Net income
 
484

 
440

 
561

 
(982
)
 
503

Less: Net income attributable to noncontrolling interests
 

 

 
19

 

 
19

Net income attributable to Aon shareholders
 
$
484

 
$
440

 
$
542

 
$
(982
)
 
$
484

Condensed Consolidating Statements of Comprehensive Income
Condensed Consolidating Statement of Comprehensive Income
 
 
Three months ended June 30, 2013
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions) 
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income attributable to Aon shareholders
 
$
241

 
$
239

 
$
268

 
$
(507
)
 
$
241

Total other comprehensive loss
 

 
2

 
(36
)
 

 
(34
)
 
 
 
 
 
 
 
 
 
 
 
Equity in other comprehensive loss of subsidiaries, net of tax
 
(32
)
 
(34
)
 

 
66

 

Less: Other comprehensive loss attributable to noncontrolling interests
 

 

 
(2
)
 

 
(2
)
Total other comprehensive loss attributable to Aon shareholders
 
(32
)
 
(32
)
 
(34
)
 
66

 
(32
)
Comprehensive income attributable to Aon shareholders
 
$
209

 
$
207

 
$
234

 
$
(441
)
 
$
209


Condensed Consolidating Statement of Comprehensive Income
 
 
Three months ended June 30, 2012
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions) 
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income attributable to Aon shareholders
 
$
246

 
$
231

 
$
263

 
$
(494
)
 
$
246

Total other comprehensive income
 

 
4

 
(200
)
 

 
(196
)
 
 
 
 
 
 
 
 
 
 
 
Equity in other comprehensive loss of subsidiaries, net of tax
 
(193
)
 
(193
)
 

 
386

 

Less: Other comprehensive loss attributable to noncontrolling interests
 

 

 
(3
)
 

 
(3
)
Total other comprehensive loss attributable to Aon shareholders
 
(193
)
 
(189
)
 
(197
)
 
386

 
(193
)
Comprehensive income attributable to Aon shareholders
 
$
53

 
$
42

 
$
66

 
$
(108
)
 
$
53


Condensed Consolidating Statement of Comprehensive Income
 
 
Six months ended June 30, 2013
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions) 
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income attributable to Aon shareholders
 
$
502

 
$
493

 
$
558

 
$
(1,051
)
 
$
502

Total other comprehensive loss
 

 
3

 
(202
)
 

 
(199
)
 
 
 
 
 
 
 
 
 
 
 
Equity in other comprehensive loss of subsidiaries, net of tax
 
(197
)
 
(200
)
 

 
397

 

Less: Other comprehensive loss attributable to noncontrolling interests
 

 

 
(2
)
 

 
(2
)
Total other comprehensive loss attributable to Aon shareholders
 
(197
)
 
(197
)
 
(200
)
 
397

 
(197
)
Comprehensive income attributable to Aon shareholders
 
$
305

 
$
296

 
$
358

 
$
(654
)
 
$
305


Condensed Consolidating Statement of Comprehensive Income
 
 
Six months ended June 30, 2012
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions) 
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income attributable to Aon shareholders
 
$
484

 
$
440

 
$
542

 
$
(982
)
 
$
484

Total other comprehensive loss
 

 
14

 
(78
)
 

 
(64
)
 
 
 
 
 
 
 
 
 
 
 
Equity in other comprehensive loss of subsidiaries, net of tax
 
(62
)
 
(77
)
 

 
139

 

Less: Other comprehensive loss attributable to noncontrolling interests
 

 

 
(2
)
 

 
(2
)
Total other comprehensive loss attributable to Aon shareholders
 
(62
)
 
(63
)
 
(76
)
 
139

 
(62
)
Comprehensive income attributable to Aon shareholders
 
$
422

 
$
373

 
$
466

 
$
(843
)
 
$
418

Condensed Consolidating Statements of Financial Position
Condensed Consolidating Statement of Financial Position
 
 
As of June 30, 2013
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
Investment in subsidiary
 
$
10,879

 
$
11,057

 
$

 
$
(21,936
)
 
$

 
 
 
 
 
 
 
 
 
 
 
TOTAL AON SHAREHOLDERS’ EQUITY
 
7,559

 
8,716

 
13,220

 
(21,936
)
 
7,559


Condensed Consolidating Statement of Financial Position
 
 
December 31, 2012
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
Investment in subsidiary
 
$
10,398

 
$
10,522

 
$

 
$
(20,920
)
 
$

 
 
 
 
 
 
 
 
 
 
 
TOTAL AON SHAREHOLDERS’ EQUITY
 
7,762

 
8,322

 
12,598

 
(20,920
)
 
7,762