Guarantee of Registered Securities (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Consolidating Statement of Income



	Year Ended December 31, 2013
(millions)	Aon plc			Aon Corporation			Other Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Revenue
Commissions, fees and other	$	3		$	—		$	11,784		$	—		$	11,787
Fiduciary investment income	—			—			28			—			28
Total revenue	3			—			11,812			—			11,815
Expenses
Compensation and benefits	69			183			6,693			—			6,945
Other general expenses	4			35			3,160			—			3,199
Total operating expenses	73			218			9,853			—			10,144
Operating income	(70		)	(218		)	1,959			—			1,671
Interest income	—			3			6			—			9
Interest expense	(20		)	(138		)	(52		)	—			(210		)
Intercompany interest (expense) income	120			24			(144		)	—			—
Other Income	—			19			49			—			68
Income (loss) before taxes	30			(310		)	1,818			—			1,538
Income tax expense (benefit)	12			(64		)	442			—			390
(Income) loss before equity in earnings of subsidiaries	18			(246		)	1,376			—			1,148
Equity in earnings of subsidiaries, net of tax	1,095			1,061			—			(2,156		)	—
Net income	1,113			815			1,376			(2,156		)	1,148
Less: Net income attributable to noncontrolling interests	—			—			35			—			35
Net income attributable to Aon shareholders	$	1,113		$	815		$	1,341		$	(2,156	)	$	1,113

Condensed Consolidating Statement of Income



	Year Ended December 31, 2012
(millions)	Aon plc			Aon Corporation			Other Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Revenue
Commissions, fees and other	$	2		$	1		$	11,474		$	(1	)	$	11,476
Fiduciary investment income	—			1			37			—			38
Total revenue	2			2			11,511			(1		)	11,514
Expenses
Compensation and benefits	117			24			6,568			—			6,709
Other general expenses	18			47			3,145			(1		)	3,209
Total operating expenses	135			71			9,713			(1		)	9,918
Operating (loss) income	(133		)	(69		)	1,798			—			1,596
Interest income	—			1			9			—			10
Interest expense	—			(164		)	(64		)	—			(228		)
Intercompany interest (expense) income	(19		)	190			(171		)	—			—
Other income (expense)	—			57			(55		)	—			2
(Loss) income before taxes	(152		)	15			1,517			—			1,380
Income tax (benefit) expense	(37		)	8			389			—			360
(Loss) income before equity in earnings of subsidiaries	(115		)	7			1,128			—			1,020
Equity in earnings of subsidiaries, net of tax	1,108			932			—			(2,040		)	—
Net income	993			939			1,128			(2,040		)	1,020
Less: Net income attributable to noncontrolling interests	—			—			27			—			27
Net income attributable to Aon shareholders	$	993		$	939		$	1,101		$	(2,040	)	$	993

Condensed Consolidating Statement of Income



	Year Ended December 31, 2011
(millions)	Aon plc		Aon Corporation			Other Non-Guarantor Subsidiaries			Consolidating Adjustment			Consolidated
Revenue
Commissions, fees and other	$	—	$	—		$	11,236		$	(1	)	$	11,235
Fiduciary investment income	—		2			50			—			52
Total revenue	—		2			11,286			(1		)	11,287
Expenses
Compensation and benefits	—		118			6,449			—			6,567
Other general expenses	—		47			3,078			(1		)	3,124
Total operating expenses	—		165			9,527			(1		)	9,691
Operating income	—		(163		)	1,759			—			1,596
Interest income	—		4			14			—			18
Interest expense	—		(171		)	(74		)	—			(245		)
Intercompany interest income (expense)	—		180			(180		)	—			—
Other income (expense)	—		36			(17		)	—			19
(Loss) income before taxes	—		(114		)	1,502			—			1,388
Income tax (benefit) expense	—		(43		)	421			—			378
(Loss) income before equity in earnings of subsidiaries	—		(71		)	1,081			—			1,010
Equity in earnings of subsidiaries, net of tax	979		868			—			(1,847		)	—
Net income	979		797			1,081			(1,847		)	1,010
Less: Net income attributable to noncontrolling interests	—		—			31			—			31
Net income attributable to Aon shareholders	$	979	$	797		$	1,050		$	(1,847	)	$	979

Condensed Consolidating Statement of Comprehensive Income



	Year Ended December 31, 2013
(millions)	Aon plc		Aon Corporation			Other Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income	$	1,113	$	815		$	1,376		$	(2,156	)	$	1,148
Less: Net income attributable to noncontrolling interests	—		—			35			—			35
Net income attributable to Aon shareholders	$	1,113	$	815		$	1,341		$	(2,156	)	$	1,113
Other comprehensive income (loss), net of tax:
Change in fair value of investments	—		—			1			—			1
Change in fair value of derivatives	—		5			1			—			6
Foreign currency translation adjustments	—		(60		)	(5		)	—			(65		)
Post-retirement benefit obligation	—		223			70			—			293
Total other comprehensive income	—		168			67			—			235
Equity in other comprehensive income of subsidiaries, net of tax	236		69			—			(305		)	—
Less: Other comprehensive loss attributable to noncontrolling interests	—		—			(1		)	—			(1		)
Total other comprehensive income attributable to Aon shareholders	236		237			68			(305		)	236
Comprehensive income attributable to Aon shareholders	$	1,349	$	1,052		$	1,409		$	(2,461	)	$	1,349

Condensed Consolidating Statement of Comprehensive Income



	Year Ended December 31, 2012
(millions)	Aon plc			Aon Corporation			Other Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income	$	993		$	939		$	1,128		$	(2,040	)	$	1,020
Less: Net income attributable to noncontrolling interests	—			—			27			—			27
Net income attributable to Aon shareholders	$	993		$	939		$	1,101		$	(2,040	)	$	993
Other comprehensive loss, net of tax:
Change in fair value of derivatives	—			2			7			—			9
Foreign currency translation adjustments	—			24			85			—			109
Post-retirement benefit obligation	—			(68		)	(290		)	—			(358		)
Total other comprehensive loss	—			(42		)	(198		)	—			(240		)
Equity in other comprehensive loss of subsidiaries, net of tax	(240		)	(187		)	—			427			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			—			—			—
Total other comprehensive loss attributable to Aon shareholders	(240		)	(229		)	(198		)	427			(240		)
Comprehensive income attributable to Aon shareholders	$	753		$	710		$	903		$	(1,613	)	$	753

Condensed Consolidating Statement of Comprehensive Income



	Year Ended December 31, 2011
(millions)	Aon plc			Aon Corporation			Other Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income	$	979		$	797		$	1,081		$	(1,847	)	$	1,010
Less: Net income attributable to noncontrolling interests	—			—			31			—			31
Net income attributable to Aon shareholders	$	979		$	797		$	1,050		$	(1,847	)	$	979
Other comprehensive loss, net of tax:
Change in fair value of derivatives	—			—			(13		)	—			(13		)
Foreign currency translation adjustments	—			(6		)	(37		)	—			(43		)
Post-retirement benefit obligation	—			(173		)	(223		)	—			(396		)
Total other comprehensive loss	—			(179		)	(273		)	—			(452		)
Equity in other comprehensive loss of subsidiaries, net of tax	(453		)	(277		)	—			730			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			1			—			1
Total other comprehensive loss attributable to Aon shareholders	(453		)	(456		)	(274		)	730			(453		)
Comprehensive income attributable to Aon shareholders	$	526		$	341		$	776		$	(1,117	)	$	526

Condensed Consolidating Statement of Financial Position



	As of December 31, 2013
(millions)	Aon plc		Aon Corporation		Other Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	—	$	247	$	1,246	$	(1,016	)	$	477
Short-term investments	—		163		360		—			523
Receivables, net	—		4		2,892		—			2,896
Fiduciary assets	—		—		11,871		—			11,871
Intercompany receivables	186		3,503		5,452		(9,141		)	—
Other current assets	—		69		513		(19		)	563
Total Current Assets	186		3,986		22,334		(10,176		)	16,330
Goodwill	—		—		8,997		—			8,997
Intangible assets, net	—		—		2,578		—			2,578
Fixed assets, net	—		—		791		—			791
Investments	—		57		75		—			132
Deferred tax assets	140		465		193		(605		)	193
Intercompany receivables	7,166		2,178		2,201		(11,545		)	—
Other non-current assets	6		95		1,228		(99		)	1,230
Investment in subsidiary	4,607		11,694		—		(16,301		)	—
TOTAL ASSETS	$	12,105	$	18,475	$	38,397	$	(38,726	)	$	30,251
LIABILITIES AND EQUITY
Fiduciary liabilities	$	—	$	—	$	11,871	$	—		$	11,871
Short-term debt and current portion of long-term debt	—		—		707		(4		)	703
Accounts payable and accrued liabilities	1,036		62		1,849		(1,016		)	1,931
Intercompany payables	15		5,449		3,677		(9,141		)	—
Other current liabilities	12		47		866		(19		)	906
Total Current Liabilities	1,063		5,558		18,970		(10,180		)	15,411
Long-term debt	792		2,512		378		4			3,686
Deferred tax liabilities	—		—		1,025		(605		)	420
Pension, other post-retirement and other post-employment liabilities	—		925		682		—			1,607
Intercompany payables	2,100		7,267		2,178		(11,545		)	—
Other non-current liabilities	5		159		867		(99		)	932
TOTAL LIABILITIES	3,960		16,421		24,100		(22,425		)	22,056
TOTAL AON SHAREHOLDERS’ EQUITY	8,145		2,054		14,247		(16,301		)	8,145
Noncontrolling interests	—		—		50		—			50
TOTAL EQUITY	8,145		2,054		14,297		(16,301		)	8,195
TOTAL LIABILITIES AND EQUITY	$	12,105	$	18,475	$	38,397	$	(38,726	)	$	30,251

Condensed Consolidating Statement of Financial Position



	As of December 31, 2012
(millions)	Aon plc		Aon Corporation		Other Non-Guarantor Subsidiaries		Consolidating 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
Deferred tax assets	117		620		266		(718		)	285
Intercompany receivables	166		1,997		2,350		(4,513		)	—
Other non-current assets	—		115		908		(107		)	916
Investment in subsidiary	10,398		10,208		—		(20,606		)	—
TOTAL ASSETS	$	10,824	$	15,423	$	35,859	$	(31,620	)	$	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
Deferred tax liabilities	—		—		1,024		(718		)	306
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		885		(107		)	1,036
TOTAL LIABILITIES	3,062		7,415		23,218		(11,014		)	22,681
TOTAL AON SHAREHOLDERS’ EQUITY	7,762		8,008		12,598		(20,606		)	7,762
Noncontrolling interests	—		—		43		—			43
TOTAL EQUITY	7,762		8,008		12,641		(20,606		)	7,805
TOTAL LIABILITIES AND EQUITY	$	10,824	$	15,423	$	35,859	$	(31,620	)	$	30,486

Condensed Consolidating Statement of Cash Flows



	Year Ended December 31, 2013
(millions)	Aon plc			Aon Corporation			Other Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	$	(50	)	$	(441	)	$	2,124		$	—		$	1,633
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—			8			85			—			93
Purchase of long-term investments	—			(15		)	—			—			(15		)
Net (purchases) sales of short-term investments - non-fiduciary	—			(74		)	(100		)	—			(174		)
Acquisition of businesses, net of cash acquired	—			—			(54		)	—			(54		)
Proceeds from sale of businesses	—			7			33			—			40
Capital expenditures	—						(229		)	—			(229		)
CASH USED FOR INVESTING ACTIVITIES	—			(74		)	(265		)	—			(339		)
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(1,102		)	—			—			—			(1,102		)
Advances from (to) affiliates	460			996			(479		)	(977		)	—
Issuance of shares for employee benefit plans	98			—			—			—			98
Issuance of debt	1,730			2,944			232			—			4,906
Repayment of debt	(1,055		)	(3,377		)	(247		)	—			(4,679		)
Cash dividends to shareholders	(212		)	—			—			—			(212		)
Purchase of shares from noncontrolling interests	—			—			(8		)	—			(8		)
Dividends paid to noncontrolling interests	—			—			(19		)	—			(19		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(81		)	563			(521		)	(977		)	(1,016		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(92		)	—			(92		)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(131		)	48			1,246			(977		)	186
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	131			199			—			(39		)	291
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	—		$	247		$	1,246		$	(1,016	)	$	477

Condensed Consolidating Statement of Cash Flows



	Year Ended December 31, 2012
(millions)	Aon plc			Aon Corporation			Other Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	$	(87	)	$	(105	)	$	1,611		$	—		$	1,419
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—			79			99			—			178
Purchase of long-term investments	—			(12		)	—			—			(12		)
Net (purchases) sales of short-term investments - non-fiduciary	—			232			208			—			440
Acquisition of businesses, net of cash acquired	(50		)	(55		)	(57		)	—			(162		)
Proceeds from sale of businesses	—			—			2			—			2
Capital expenditures	—			—			(269		)	—			(269		)
CASH USED FOR INVESTING ACTIVITIES	(50		)	244			(17		)	—			177
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(1,025		)	(100		)	—			—			(1,125		)
Advances from (to) affiliates	1,379			489			(1,850		)	(18		)	—
Issuance of shares for employee benefit plans	69			49			—			—			118
Issuance of debt	—			732			1			—			733
Repayment of debt	—			(1,061		)	(16		)	—			(1,077		)
Cash dividends to shareholders	(155		)	(49		)	—			—			(204		)
Purchase of shares from noncontrolling interests	—			—			(4		)	—			(4		)
Dividends paid to noncontrolling interests	—			—			(27		)	—			(27		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	268			60			(1,896		)	(18		)	(1,586		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			9			—			9
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	131			199			(293		)	(18		)	19
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—			—			293			(21		)	272
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	131		$	199		$	—		$	(39	)	$	291

Condensed Consolidating Statement of Cash Flows



	Year Ended December 31, 2011
(millions)	Aon plc		Aon Corporation			Other Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	$	—	$	(201	)	$	1,219		$	—		$	1,018
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—		133			57			—			190
Purchase of long-term investments	—		(20		)	(10		)	—			(30		)
Net (purchases) sales of short-term investments - non-fiduciary	—		115			(123		)	—			(8		)
Acquisition of businesses, net of cash acquired	—		(10		)	(96		)	—			(106		)
Proceeds from sale of businesses	—		5			4			—			9
Capital expenditures	—		—			(241		)	—			(241		)
CASH USED FOR INVESTING ACTIVITIES	—		223			(409		)	—			(186		)
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	—		(828		)	—			—			(828		)
Advances from (to) affiliates	—		789			(768		)	(21		)	—
Issuance of shares for employee benefit plans	—		201			—			—			201
Issuance of debt	—		1,290			383			—			1,673
Repayment of debt	—		(1,288		)	(400		)	—			(1,688		)
Cash dividends to shareholders	—		(200		)	—			—			(200		)
Purchase of shares from noncontrolling interests	—		—			(24		)	—			(24		)
Dividends paid to noncontrolling interests	—		—			(30		)	—			(30		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	—		(36		)	(839		)	(21		)	(896		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—		—			(10		)	—			(10		)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	—		(14		)	(39		)	(21		)	(74		)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—		14			332			—			346
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	—	$	—		$	293		$	(21	)	$	272