Guarantee of Registered Securities (Tables)

6 Months Ended

Jun. 30, 2014

Guarantee of Registered Securities [Abstract]

Condensed Consolidating Statements of Income

Condensed Consolidating Statement of Income

	Three months ended June 30, 2014
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	—		$	—		$	2,913		$	—		$	2,913
Fiduciary investment income	—			—			6			—			6
Total revenue	—			—			2,919			—			2,919
Expenses
Compensation and benefits	34			6			1,668			—			1,708
Other general expenses	5			7			754			—			766
Total operating expenses	39			13			2,422			—			2,474
Operating (loss) income	(39		)	(13		)	497			—			445
Interest income	(2		)	—			4			—			2
Interest expense	(15		)	(32		)	(18		)	—			(65		)
Intercompany interest income (expense)	111			(73		)	(38		)	—			—
Other (expense) income	(1		)	8			(9		)	—			(2		)
Income (loss) before taxes	54			(110		)	436			—			380
Income tax expense (benefit)	7			(42		)	102			—			67
Income (loss) before equity in earnings of subsidiaries	47			(68		)	334			—			313
Equity in earnings of subsidiaries, net of tax	257			267			—			(524		)	—
Net income	304			199			334			(524		)	313
Less: Net income attributable to noncontrolling interests	—			—			9			—			9
Net income attributable to Aon shareholders	$	304		$	199		$	325		$	(524	)	$	304

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			6			1,702			—			1,712
Other general expenses	9			16			778			—			803
Total operating expenses	13			22			2,480			—			2,515
Operating (loss) 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 before taxes	(23		)	(13		)	378			—			342
Income tax (benefit) expense	(3		)	(6		)	99			—			90
(Loss) income before equity in earnings of subsidiaries	(20		)	(7		)	279			—			252
Equity in earnings of subsidiaries, net of tax	261			234			—			(495		)	—
Net income	241			227			279			(495		)	252
Less: Net income attributable to noncontrolling interests	—			—			11			—			11
Net income attributable to Aon shareholders	$	241		$	227		$	268		$	(495	)	$	241

Condensed Consolidating Statement of Income

	Six months ended June 30, 2014
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	—		$	—		$	5,854		$	—		$	5,854
Fiduciary investment income	—			—			12			—			12
Total revenue	—			—			5,866			—			5,866
Expenses
Compensation and benefits	45			15			3,399			—			3,459
Other general expenses	13			22			1,458			—			1,493
Total operating expenses	58			37			4,857			—			4,952
Operating (loss) income	(58		)	(37		)	1,009			—			914
Interest income	(4		)	1			7			—			4
Interest expense	(25		)	(63		)	(35		)	—			(123		)
Intercompany interest income (expense)	222			(147		)	(75		)	—			—
Other (expense) income	(1		)	8			(8		)	—			(1		)
Income (loss) before taxes	134			(238		)	898			—			794
Income tax expense (benefit)	28			(92		)	209			—			145
Income (loss) before equity in earnings of subsidiaries	106			(146		)	689			—			649
Equity in earnings of subsidiaries, net of tax	523			549			—			(1,072		)	—
Net income	629			403			689			(1,072		)	649
Less: Net income attributable to noncontrolling interests	—			—			20			—			20
Net income attributable to Aon shareholders	$	629		$	403		$	669		$	(1,072	)	$	629

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 (loss) 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 before taxes	(49		)	(27		)	786			—			710
Income tax (benefit) expense	(9		)	(11		)	206			—			186
(Loss) income before equity in earnings of subsidiaries	(40		)	(16		)	580			—			524
Equity in earnings of subsidiaries, net of tax	542			489			—			(1,031		)	—
Net income	502			473			580			(1,031		)	524
Less: Net income attributable to noncontrolling interests	—			—			22			—			22
Net income attributable to Aon shareholders	$	502		$	473		$	558		$	(1,031	)	$	502

Condensed Consolidating Statements of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

	Three months ended June 30, 2014
						Other
	Aon		Aon			Non-Guarantor			Consolidating
(millions)	plc		Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	304	$	199		$	334		$	(524	)	$	313
Less: Net income attributable to noncontrolling interests	—		—			9			—			9
Net income attributable to Aon shareholders	$	304	$	199		$	325		$	(524	)	$	304
Other comprehensive (loss) income, net of tax:
Change in fair value of investments	—		—			(2		)	—			(2		)
Change in fair value of derivatives	—		(1		)	13			—			12
Foreign currency translation adjustments	—		15			59			—			74
Post-retirement benefit obligation	—		5			13			—			18
Total other comprehensive income	—		19			83			—			102
Equity in other comprehensive loss of subsidiaries, net of tax	102		73			—			(175		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—			—			—			—
Total other comprehensive income attributable to Aon shareholders	102		92			83			(175		)	102
Comprehensive income attributable to Aon shareholders	$	406	$	291		$	408		$	(699	)	$	406

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		$	227		$	279		$	(495	)	$	252
Less: Net income attributable to noncontrolling interests	—			—			11			—			11
Net income attributable to Aon shareholders	$	241		$	227		$	268		$	(495	)	$	241
Other comprehensive income (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 income	—			2			(36		)	—			(34		)
Equity in other comprehensive income of subsidiaries, net of tax	(32		)	(34		)	—			66			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			(2		)	—			(2		)
Total other comprehensive income attributable to Aon shareholders	(32		)	(32		)	(34		)	66			(32		)
Comprehensive income attributable to Aon Shareholders	$	209		$	195		$	234		$	(429	)	$	209

Condensed Consolidating Statement of Comprehensive Income

	Six months ended June 30, 2014
						Other
	Aon		Aon			Non-Guarantor			Consolidating
(millions)	plc		Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	629	$	403		$	689		$	(1,072	)	$	649
Less: Net income attributable to noncontrolling interests	—		—			20			—			20
Net income attributable to Aon shareholders	$	629	$	403		$	669		$	(1,072	)	$	629
Other comprehensive (loss) income, net of tax:
Change in fair value of investments	—		—			(1		)	—			(1		)
Change in fair value of derivatives	—		—			21			—			21
Foreign currency translation adjustments	—		(2		)	92			—			90
Post-retirement benefit obligation	—		11			33			—			44
Total other comprehensive income	—		9			145			—			154
Equity in other comprehensive loss of subsidiaries, net of tax	156		142			—			(298		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—			(2		)	—			(2		)
Total other comprehensive income attributable to Aon shareholders	156		151			147			(298		)	156
Comprehensive income attributable to Aon shareholders	$	785	$	554		$	816		$	(1,370	)	$	785

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		$	473		$	580		$	(1,031	)	$	524
Less: Net income attributable to noncontrolling interests	—			—			22			—			22
Net income attributable to Aon shareholders	$	502		$	473		$	558		$	(1,031	)	$	502
Other comprehensive income (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 income	—			3			(202		)	—			(199		)
Equity in other comprehensive income of subsidiaries, net of tax	(197		)	(195		)	—			392			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			(2		)	—			(2		)
Total other comprehensive income attributable to Aon shareholders	(197		)	(192		)	(200		)	392			(197		)
Comprehensive income attributable to Aon Shareholders	$	305		$	281		$	358		$	(639	)	$	305

Condensed Consolidating Statements of Financial Position

Condensed Consolidating Statement of Financial Position

	As of June 30, 2014
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	—	$	181	$	1,416	$	(1,179	)	$	418
Short-term investments	—		136		172		—			308
Receivables, net	—		1		2,802		—			2,803
Fiduciary assets	—		—		12,786		—			12,786
Intercompany receivables	224		4,261		6,668		(11,153		)	—
Other current assets	1		165		1,342		(112		)	1,396
Total Current Assets	225		4,744		25,186		(12,444		)	17,711
Goodwill	—		—		9,099		—			9,099
Intangible assets, net	—		—		2,468		—			2,468
Fixed assets, net	—		—		787		—			787
Investments	—		73		65		—			138
Intercompany receivables	7,426		2,177		2,211		(11,814		)	—
Other non-current assets	151		501		1,607		(686		)	1,573
Investment in subsidiary	5,634		12,673		—		(18,307		)	—
TOTAL ASSETS	$	13,436	$	20,168	$	41,423	$	(43,251	)	$	31,776
LIABILITIES AND EQUITY
Fiduciary liabilities	$	—	$	—	$	12,786	$	—		$	12,786
Short-term debt and current portion of long-term debt	107		—		701		(9		)	799
Accounts payable and accrued liabilities	1,214		54		1,409		(1,179		)	1,498
Intercompany payables	2		6,586		4,565		(11,153		)	—
Other current liabilities	42		52		975		(112		)	957
Total Current Liabilities	1,365		6,692		20,436		(12,453		)	16,040
Long-term debt	2,267		2,508		371		9			5,155
Pension, other post-retirement and other post-employment liabilities	—		895		638		—			1,533
Intercompany payables	2,100		7,277		2,437		(11,814		)	—
Other non-current liabilities	4		108		1,863		(686		)	1,289
TOTAL LIABILITIES	5,736		17,480		25,745		(24,944		)	24,017
TOTAL AON SHAREHOLDERS’ EQUITY	7,700		2,688		15,619		(18,307		)	7,700
Noncontrolling interests	—		—		59		—			59
TOTAL EQUITY	7,700		2,688		15,678		(18,307		)	7,759
TOTAL LIABILITIES AND EQUITY	$	13,436	$	20,168	$	41,423	$	(43,251	)	$	31,776

Condensed Consolidating Statement of Financial Position

	As of December 31, 2013
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		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
Intercompany receivables	7,166		2,178		2,201		(11,545		)	—
Other non-current assets	146		560		1,421		(704		)	1,423
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
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		1,892		(704		)	1,352
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 Statements of Cash Flows

Condensed Consolidating Statement of Cash Flows

	Six months ended June 30, 2014
	Aon			Aon			Other Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	$	265		$	(215	)	$	283		$	—		$	333
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—			37			11			—			48
Purchase of long-term investments	—			(14		)	—			—			(14		)
Net sales of short-term investments - non-fiduciary	—			27			190			—			217
Acquisition of businesses, net of cash acquired	—			—			(83		)	—			(83		)
Proceeds from sale of businesses	—			—			1			—			1
Capital expenditures	—			—			(115		)	—			(115		)
CASH PROVIDED BY INVESTING ACTIVITIES	—			50			4			—			54
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(1,250		)	—			—			—			(1,250		)
Advances (to) from affiliates	(522		)	99			586			(163		)	—
Issuance of shares for employee benefit plans	40			—			—			—			40
Issuance of debt	2,169			1,161			(6		)	—			3,324
Repayment of debt	(574		)	(1,161		)	(10		)	—			(1,745		)
Deposit with trustee	—			—			(681		)	—			(681		)
Cash dividends to shareholders	(128		)	—			—			—			(128		)
Purchase of shares from noncontrolling interests	—			—			1			—			1
Dividends paid to noncontrolling interests	—			—			(10		)	—			(10		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(265		)	99			(120		)	(163		)	(449		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			3			—			3
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	—			(66		)	170			(163		)	(59		)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—			247			1,246			(1,016		)	477
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	—		$	181		$	1,416		$	(1,179	)	$	418

Condensed Consolidating Statement of Cash Flows

	Six months ended June 30, 2013
							Other
	Aon			Aon			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 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 PROVIDED BY (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 PROVIDED BY (USED FOR) FINANCING ACTIVITIES	186			126			(337		)	(247		)	(272		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(42		)	—			(42		)
NET INCREASE (DECREASE) 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