Guarantee of Registered Securities (Tables)

9 Months Ended

Sep. 30, 2014

Guarantee of Registered Securities [Abstract]

Condensed Consolidating Statements of Income

Condensed Consolidating Statement of Income

	Three months ended September 30, 2014
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	—		$	—		$	2,873		$	—		$	2,873
Fiduciary investment income	—			—			7			—			7
Total revenue	—			—			2,880			—			2,880
Expenses
Compensation and benefits	4			5			1,698			—			1,707
Other general expenses	6			14			736			—			756
Total operating expenses	10			19			2,434			—			2,463
Operating (loss) income	(10		)	(19		)	446			—			417
Interest income	(2		)	1			4			—			3
Interest expense	(25		)	(42		)	2			—			(65		)
Intercompany interest income (expense)	113			(73		)	(40		)	—			—
Other income	2			2			31			—			35
Income (loss) before taxes	78			(131		)	443			—			390
Income tax expense (benefit)	16			(52		)	111			—			75
Income (loss) before equity in earnings of subsidiaries	62			(79		)	332			—			315
Equity in earnings of subsidiaries, net of tax	247			202			—			(449		)	—
Net income	309			123			332			(449		)	315
Less: Net income attributable to noncontrolling interests	—			—			6			—			6
Net income attributable to Aon shareholders	$	309		$	123		$	326		$	(449	)	$	309

Condensed Consolidating Statement of Income

	Three months ended September 30, 2013
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	1		$	—		$	2,785		$	—		$	2,786
Fiduciary investment income	—			—			8			—			8
Total revenue	1			—			2,793			—			2,794
Expenses
Compensation and benefits	11			14			1,641			—			1,666
Other general expenses	—			5			759			—			764
Total operating expenses	11			19			2,400			—			2,430
Operating (loss) income	(10		)	(19		)	393			—			364
Interest income	—			1			2			—			3
Interest expense	(6		)	(39		)	(8		)	—			(53		)
Intercompany interest income (expense)	25			11			(36		)	—			—
Other income	—			13			26			—			39
Income (loss) before taxes	9			(33		)	377			—			353
Income tax (benefit) expense	(2		)	(14		)	105			—			89
Income (loss) before equity in earnings of subsidiaries	11			(19		)	272			—			264
Equity in earnings of subsidiaries, net of tax	245			127			—			(372		)	—
Net income	256			108			272			(372		)	264
Less: Net income attributable to noncontrolling interests	—			—			8			—			8
Net income attributable to Aon shareholders	$	256		$	108		$	264		$	(372	)	$	256

Condensed Consolidating Statement of Income

	Nine months ended September 30, 2014
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	—		$	—		$	8,727		$	—		$	8,727
Fiduciary investment income	—			—			19			—			19
Total revenue	—			—			8,746			—			8,746
Expenses
Compensation and benefits	29			19			5,118			—			5,166
Other general expenses	18			37			2,194			—			2,249
Total operating expenses	47			56			7,312			—			7,415
Operating (loss) income	(47		)	(56		)	1,434			—			1,331
Interest income	(6		)	1			12			—			7
Interest expense	(49		)	(105		)	(34		)	—			(188		)
Intercompany interest income (expense)	335			(220		)	(115		)	—			—
Other income	1			10			23			—			34
Income (loss) before taxes	234			(370		)	1,320			—			1,184
Income tax expense (benefit)	49			(144		)	315			—			220
Income (loss) before equity in earnings of subsidiaries	185			(226		)	1,005			—			964
Equity in earnings of subsidiaries, net of tax	753			734			—			(1,487		)	—
Net income	938			508			1,005			(1,487		)	964
Less: Net income attributable to noncontrolling interests	—			—			26			—			26
Net income attributable to Aon shareholders	$	938		$	508		$	979		$	(1,487	)	$	938

Condensed Consolidating Statement of Income

	Nine months ended September 30, 2013
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Commissions, fees and other	$	2		$	—		$	8,583		$	—		$	8,585
Fiduciary investment income	—			—			21			—			21
Total revenue	2			—			8,604			—			8,606
Expenses
Compensation and benefits	27			34			5,042			—			5,103
Other general expenses	14			29			2,304			—			2,347
Total operating expenses	41			63			7,346			—			7,450
Operating (loss) income	(39		)	(63		)	1,258			—			1,156
Interest income	1			2			3			—			6
Interest expense	(12		)	(106		)	(35		)	—			(153		)
Intercompany interest (expense) income	11			96			(107		)	—			—
Other income	—			10			44			—			54
(Loss) income before taxes	(39		)	(61		)	1,163			—			1,063
Income tax (benefit) expense	(11		)	(24		)	310			—			275
(Loss) income before equity in earnings of subsidiaries	(28		)	(37		)	853			—			788
Equity in earnings of subsidiaries, net of tax	786			617			—			(1,403		)	—
Net income	758			580			853			(1,403		)	788
Less: Net income attributable to noncontrolling interests	—			—			30			—			30
Net income attributable to Aon shareholders	$	758		$	580		$	823		$	(1,403	)	$	758

Condensed Consolidating Statements of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

	Three months ended September 30, 2014
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	309		$	123		$	332		$	(449	)	$	315
Less: Net income attributable to noncontrolling interests	—			—			6			—			6
Net income attributable to Aon shareholders	$	309		$	123		$	326		$	(449	)	$	309
Other comprehensive (loss) income, net of tax:
Change in fair value of investments	—			—			—			—			—
Change in fair value of derivatives	—			(1		)	(7		)	—			(8		)
Foreign currency translation adjustments	—			(17		)	(301		)	—			(318		)
Post-retirement benefit obligation	—			6			20			—			26
Total other comprehensive income	—			(12		)	(288		)	—			(300		)
Equity in other comprehensive loss of subsidiaries, net of tax	(300		)	(285		)	—			585			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			—			—			—
Total other comprehensive income attributable to Aon shareholders	(300		)	(297		)	(288		)	585			(300		)
Comprehensive income attributable to Aon shareholders	$	9		$	(174	)	$	38		$	136		$	9

Condensed Consolidating Statement of Comprehensive Income

	Three months ended September 30, 2013
						Other
	Aon		Aon			Non-Guarantor			Consolidating
(millions)	plc		Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	256	$	108		$	272		$	(372	)	$	264
Less: Net income attributable to noncontrolling interests	—		—			8			—			8
Net income attributable to Aon shareholders	$	256	$	108		$	264		$	(372	)	$	256
Other comprehensive income (loss), net of tax:
Change in fair value of investments	—		(4		)	(10		)	—			(14		)
Change in fair value of derivatives	—		2			7			—			9
Foreign currency translation adjustments	—		6			149			—			155
Post-retirement benefit obligation	—		7			17			—			24
Total other comprehensive income	—		11			163			—			174
Equity in other comprehensive income of subsidiaries, net of tax	170		157			—			(327		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—			3			—			3
Total other comprehensive income attributable to Aon shareholders	170		168			160			(327		)	171
Comprehensive income attributable to Aon Shareholders	$	426	$	276		$	424		$	(699	)	$	427

Condensed Consolidating Statement of Comprehensive Income

	Nine months ended September 30, 2014
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	938		$	508		$	1,005		$	(1,487	)	$	964
Less: Net income attributable to noncontrolling interests	—			—			26			—			26
Net income attributable to Aon shareholders	$	938		$	508		$	979		$	(1,487	)	$	938
Other comprehensive (loss) income, net of tax:
Change in fair value of investments	—			—			(1		)	—			(1		)
Change in fair value of derivatives	—			(1		)	14			—			13
Foreign currency translation adjustments	—			(19		)	(209		)	—			(228		)
Post-retirement benefit obligation	—			17			53			—			70
Total other comprehensive income	—			(3		)	(143		)	—			(146		)
Equity in other comprehensive loss of subsidiaries, net of tax	(144		)	(142		)	—			286			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			(2		)	—			(2		)
Total other comprehensive income attributable to Aon shareholders	(144		)	(145		)	(141		)	286			(144		)
Comprehensive income attributable to Aon shareholders	$	794		$	363		$	838		$	(1,201	)	$	794

Condensed Consolidating Statement of Comprehensive Income

	Nine months ended September 30, 2013
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	758		$	580		$	853		$	(1,403	)	$	788
Less: Net income attributable to noncontrolling interests	—			—			30			—			30
Net income attributable to Aon shareholders	$	758		$	580		$	823		$	(1,403	)	$	758
Other comprehensive income (loss), net of tax:
Change in fair value of investments	—			—			(1		)	—			(1		)
Change in fair value of derivatives	—			5			(17		)	—			(12		)
Foreign currency translation adjustments	—			(14		)	(63		)	—			(77		)
Post-retirement benefit obligation	—			22			43			—			65
Total other comprehensive income	—			13			(38		)	—			(25		)
Equity in other comprehensive income of subsidiaries, net of tax	(27		)	(38		)	—			65			—
Less: Other comprehensive income attributable to noncontrolling interests	—			—			1			—			1
Total other comprehensive income attributable to Aon shareholders	(27		)	(25		)	(39		)	65			(26		)
Comprehensive income attributable to Aon Shareholders	$	731		$	555		$	784		$	(1,338	)	$	732

Condensed Consolidating Statements of Financial Position

Condensed Consolidating Statement of Financial Position

	As of September 30, 2014
					Other
	Aon		Aon		Non-Guarantor		Consolidating
(millions)	plc		Corporation		Subsidiaries		Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	—	$	568	$	1,444	$	(1,630	)	$	382
Short-term investments	—		59		158		—			217
Receivables, net	—		—		2,633		(3		)	2,630
Fiduciary assets	—		—		10,815		—			10,815
Intercompany receivables	321		2,696		9,419		(12,436		)	—
Other current assets	1		205		669		(164		)	711
Total Current Assets	322		3,528		25,138		(14,233		)	14,755
Goodwill	—		—		9,026		—			9,026
Intangible assets, net	—		—		2,612		—			2,612
Fixed assets, net	—		—		760		—			760
Investments	—		79		64		—			143
Intercompany receivables	7,408		2,162		2,211		(11,781		)	—
Other non-current assets	169		498		1,550		(686		)	1,531
Investment in subsidiary	5,752		16,469		—		(22,221		)	—
TOTAL ASSETS	$	13,651	$	22,736	$	41,361	$	(48,921	)	$	28,827
LIABILITIES AND EQUITY
Fiduciary liabilities	$	—	$	—	$	10,815	$	—		$	10,815
Short-term debt and current portion of long-term debt	—		649		11		—			660
Accounts payable and accrued liabilities	1,683		34		1,444		(1,633		)	1,528
Intercompany payables	8		9,258		3,170		(12,436		)	—
Other current liabilities	72		47		898		(164		)	853
Total Current Liabilities	1,763		9,988		16,338		(14,233		)	13,856
Long-term debt	2,568		1,917		355		—			4,840
Pension, other post-retirement and other post-employment liabilities	—		854		583		—			1,437
Intercompany payables	2,100		7,277		2,404		(11,781		)	—
Other non-current liabilities	5		108		1,995		(686		)	1,422
TOTAL LIABILITIES	6,436		20,144		21,675		(26,700		)	21,555
TOTAL AON SHAREHOLDERS' EQUITY	7,215		2,592		19,629		(22,221		)	7,215
Noncontrolling interests	—		—		57		—			57
TOTAL EQUITY	7,215		2,592		19,686		(22,221		)	7,272
TOTAL LIABILITIES AND EQUITY	$	13,651	$	22,736	$	41,361	$	(48,921	)	$	28,827

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

	Nine months ended September 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	$	309		$	(348	)	$	922		$	—		$	883
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—			39			12			—			51
Purchase of long-term investments	—			(19		)	—			—			(19		)
Net sales of short-term investments - non-fiduciary	—			103			198			—			301
Acquisition of businesses, net of cash acquired	—			—			(464		)	—			(464		)
Proceeds from sale of businesses	—			—			48			—			48
Capital expenditures	—			—			(179		)	—			(179		)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			123			(385		)	—			(262		)
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(1,750		)	—			—			—			(1,750		)
Advances (to) from affiliates	(253		)	496			371			(614		)	—
Issuance of shares for employee benefit plans	58			—			—			—			58
Issuance of debt	2,714			1,541			—			—			4,255
Repayment of debt	(877		)	(1,491		)	(705		)	—			(3,073		)
Cash dividends to shareholders	(201		)	—			—			—			(201		)
Purchase of shares from noncontrolling interests	—			—			1			—			1
Dividends paid to noncontrolling interests	—			—			(18		)	—			(18		)
Proceeds from sale-leaseback	—			—			25			—			25
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(309		)	546			(326		)	(614		)	(703		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(13		)	—			(13		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			321			198			(614		)	(95		)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—			247			1,246			(1,016		)	477
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	—		$	568		$	1,444		$	(1,630	)	$	382

Condensed Consolidating Statement of Cash Flows

	Nine months ended September 30, 2013
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES	$	(14	)	$	(195	)	$	1,193		$	—		$	984
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of long-term investments	—			8			73			—			81
Purchase of long-term investments	—			(13		)	—			—			(13		)
Net sales of short-term investments - non-fiduciary	—			(35		)	22			—			(13		)
Acquisition of businesses, net of cash acquired	—			—			(26		)	—			(26		)
Proceeds from sale of businesses	—			—			6			—			6
Capital expenditures	—			—			(174		)	—			(174		)
CASH USED FOR INVESTING ACTIVITIES	—			(40		)	(99		)	—			(139		)
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(1,025		)	—			—			—			(1,025		)
Advances from (to) affiliates	405			610			(1,014		)	(1		)	—
Issuance of shares for employee benefit plans	84			—			—			—			84
Issuance of debt	1,145			2,894			231			—			4,270
Repayment of debt	(449		)	(3,177		)	(244		)	—			(3,870		)
Cash dividends to shareholders	(159		)	—			—			—			(159		)
Purchase of shares from noncontrolling interests	—			—			(6		)	—			(6		)
Dividends paid to noncontrolling interests	—			—			(13		)	—			(13		)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	1			327			(1,046		)	(1		)	(719		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(48		)	—			(48		)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(13		)	92			—			(1		)	78
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	131			199			—			(39		)	291
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	118		$	291		$	—		$	(40	)	$	369