Guarantee of Registered Securities (Tables)

3 Months Ended

Mar. 31, 2017

Guarantee of Registered Securities [Abstract]

Condensed Consolidating Statements of Income

Condensed Consolidating Statement of Income

	Three months ended March 31, 2017
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Total revenue	$	—		$	—		$	2,381		$	—		$	2,381
Expenses
Compensation and benefits	52			6			1,403			—			1,461
Information technology	—			—			88			—			88
Premises	—			—			84			—			84
Depreciation of fixed assets	—			—			54			—			54
Amortization of intangible assets	—			—			43			—			43
Other general expenses	5			2			301			—			308
Total operating expenses	57			8			1,973			—			2,038
Operating (loss) income	(57		)	(8		)	408			—			343
Interest income	—			6			(2		)	(2		)	2
Interest expense	(45		)	(24		)	(3		)	2			(70		)
Intercompany interest income (expense)	3			(136		)	133			—			—
Intercompany other (expense) income	(50		)	7			43			—			—
Other income (expense)	(10		)	12			(20		)	8			(10		)
Income from continuing operations before income taxes	(159		)	(143		)	559			8			265
Income tax (benefit) expense	(14		)	(54		)	68			—			—
(Loss) income from continuing operations	(145		)	(89		)	491			8			265
Income from discontinued operations, net of tax	—			—			40			—			40
(Loss) income before equity in earnings of subsidiaries	(145		)	(89		)	531			8			305
Equity in earnings of subsidiaries, net of tax	428			271			182			(881		)	—
Net income	283			182			713			(873		)	305
Less: Net income attributable to noncontrolling interests	—			—			14			—			14
Net income attributable to Aon shareholders	$	283		$	182		$	699		$	(873	)	$	291

Condensed Consolidating Statement of Income

	Three months ended March 31, 2016
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Revenue
Total revenue	$	—		$	—		$	2,276		$	—		$	2,276
Expenses
Compensation and benefits	43			3			1,299			—			1,345
Information technology	—			—			83			—			83
Premises	—			—			82			—			82
Depreciation of fixed assets	—			—			38			—			38
Amortization of intangible assets	—			—			37			—			37
Other general expenses	7			2			262			—			271
Total operating expenses	50			5			1,801			—			1,856
Operating (loss) income	(50		)	(5		)	475			—			420
Interest income	—			5			4			(7		)	2
Interest expense	(45		)	(28		)	(3		)	7			(69		)
Intercompany interest income (expense)	4			(133		)	129			—			—
Intercompany other (expense) income	(54		)	1			53			—			—
Other income (expense)	—			(5		)	23			—			18
Income from continuing operations before income taxes	(145		)	(165		)	681			—			371
Income tax (benefit) expense	(26		)	(62		)	147			—			59
(Loss) income from continuing operations	(119		)	(103		)	534			—			312
Income from discontinued operations, net of tax	—			—			25			—			25
(Loss) income before equity in earnings of subsidiaries	(119		)	(103		)	559			—			337
Equity in earnings of subsidiaries, net of tax	444			356			253			(1,053		)	—
Net income	325			253			812			(1,053		)	337
Less: Net income attributable to noncontrolling interests	—			—			12			—			12
Net income attributable to Aon shareholders	$	325		$	253		$	800		$	(1,053	)	$	325

Condensed Consolidating Statements of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income

	Three months ended March 31, 2017
						Other
	Aon		Aon			Non-Guarantor		Consolidating
(millions)	plc		Corporation			Subsidiaries		Adjustments			Consolidated
Net income (loss)	$	283	$	182		$	713	$	(873	)	$	305
Less: Net income attributable to noncontrolling interests	—		—			14		—			14
Net income (loss) attributable to Aon shareholders	283		182			699		(873		)	291
Other comprehensive (loss) income, net of tax:
Change in fair value of financial instruments	—		(2		)	—		—			(2		)
Foreign currency translation adjustments	—		—			155		(8		)	147
Post-retirement benefit obligation	—		8			10		—			18
Total other comprehensive income (loss)	—		6			165		(8		)	163
Equity in other comprehensive loss of subsidiaries, net of tax	170		164			170		(504		)	—
Less: Other comprehensive income attributable to noncontrolling interests	—		—			1		—			1
Total other comprehensive loss attributable to Aon shareholders	170		170			334		(512		)	162
Comprehensive income (loss) attributable to Aon shareholders	$	453	$	352		$	1,033	$	(1,385	)	$	453

Condensed Consolidating Statement of Comprehensive Income

	Three months ended March 31, 2016
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
Net income	$	325		$	253		$	812		$	(1,053	)	$	337
Less: Net income attributable to noncontrolling interests	—			—			12			—			12
Net income attributable to Aon shareholders	325			253			800			(1,053		)	325
Other comprehensive income (loss), net of tax:
Change in fair value of financial instruments	—			(2		)	(5		)	—			(7		)
Foreign currency translation adjustments	—			11			(90		)	—			(79		)
Post-retirement benefit obligation	—			13			(214		)	—			(201		)
Total other comprehensive loss	—			22			(309		)	—			(287		)
Equity in other comprehensive loss of subsidiaries, net of tax	(287		)	(314		)	(292		)	893			—
Less: Other comprehensive loss attributable to noncontrolling interests	—			—			—			—			—
Total other comprehensive loss attributable to Aon shareholders	(287		)	(292		)	(601		)	893			(287		)
Comprehensive income (loss) attributable to Aon Shareholders	$	38		$	(39	)	$	199		$	(160	)	$	38

Condensed Consolidating Statements of Financial Position

Condensed Consolidating Statement of Financial Position

	As of March 31, 2017
						Other
	Aon		Aon			Non-Guarantor			Consolidating
(millions)	plc		Corporation			Subsidiaries			Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	—	$	1,425		$	596		$	(1,588	)	$	433
Short-term investments	—		46			154			—			200
Receivables, net	—		—			2,103			—			2,103
Fiduciary assets	—		—			9,162			—			9,162
Intercompany receivables	73		3,215			8,345			(11,633		)	—
Current assets of discontinued operations	—		—			3,186			—			3,186
Other current assets	6		12			291			—			309
Total Current Assets	79		4,698			23,837			(13,221		)	15,393
Goodwill	—		—			7,544			—			7,544
Intangible assets, net	—		—			1,886			—			1,886
Fixed assets, net	—		—			536			—			536
Non-current deferred tax assets	134		723			172			(678		)	351
Intercompany receivables	372		261			8,716			(9,349		)	—
Prepaid pension	—		5			888			—			893
Other non-current assets	2		120			257			—			379
Investment in subsidiary	10,707		15,836			(10		)	(26,533		)	—
TOTAL ASSETS	$	11,294	$	21,643		$	43,826		$	(49,781	)	$	26,982
LIABILITIES AND EQUITY
Accounts payable and accrued liabilities	$	837	$	18		$	2,065		$	(1,588	)	$	1,332
Short-term debt and current portion of long-term debt	324		60			283			—			667
Fiduciary liabilities	—		—			9,162			—			9,162
Intercompany payables	167		9,799			1,667			(11,633		)	—
Current liabilities of discontinued operations	—		—			1,036			—			1,036
Other current liabilities	—		62			711			—			773
Total Current Liabilities	1,328		9,939			14,924			(13,221		)	12,970
Long-term debt	4,196		1,413			1			—			5,610
Non-current deferred tax liabilities	—		—			790			(678		)	112
Pension, other post-retirement and other post-employment liabilities	—		1,340			391			—			1,731
Intercompany payables	—		8,881			468			(9,349		)	—
Other non-current liabilities	16		80			637			—			733
TOTAL LIABILITIES	5,540		21,653			17,211			(23,248		)	21,156
TOTAL AON SHAREHOLDERS’ EQUITY	5,754		(10		)	26,543			(26,533		)	5,754
Noncontrolling interests	—		—			72			—			72
TOTAL EQUITY	5,754		(10		)	26,615			(26,533		)	5,826
TOTAL LIABILITIES AND EQUITY	$	11,294	$	21,643		$	43,826		$	(49,781	)	$	26,982

Condensed Consolidating Statement of Financial Position

	As of December 31, 2016
						Other
	Aon		Aon			Non-Guarantor			Consolidating
(millions)	plc		Corporation			Subsidiaries			Adjustments			Consolidated
ASSETS
Cash and cash equivalents	$	—	$	1,633		$	655		$	(1,862	)	$	426
Short-term investments	—		140			150			—			290
Receivables, net	—		3			2,103			—			2,106
Fiduciary assets	—		—			8,959			—			8,959
Intercompany receivables	105		1,880			9,825			(11,810		)	—
Current assets of discontinued operations	—		—			1,118			—			1,118
Other current assets	—		25			222			—			247
Total Current Assets	105		3,681			23,032			(13,672		)	13,146
Goodwill	—		—			7,410			—			7,410
Intangible assets, net	—		—			1,890			—			1,890
Fixed assets, net	—		—			550			—			550
Non-current deferred tax assets	134		726			171			(706		)	325
Intercompany receivables	366		261			8,711			(9,338		)	—
Prepaid pension	—		5			853			—			858
Non-current assets of discontinued operations	—		—			2,076			—			2,076
Other non-current assets	2		119			239			—			360
Investment in subsidiary	10,107		17,137			(350		)	(26,894		)	—
TOTAL ASSETS	$	10,714	$	21,929		$	44,582		$	(50,610	)	$	26,615
LIABILITIES AND EQUITY
Accounts payable and accrued liabilities	$	585	$	44		$	2,837		$	(1,862	)	$	1,604
Short-term debt and current portion of long-term debt	279		50			7			—			336
Fiduciary liabilities	—		—			8,959			—			8,959
Intercompany payables	142		10,399			1,269			(11,810		)	—
Current liabilities of discontinued operations	—		—			940			—			940
Other current liabilities	—		63			593			—			656
Total Current Liabilities	1,006		10,556			14,605			(13,672		)	12,495
Long-term debt	4,177		1,413			279			—			5,869
Non-current deferred tax liabilities	—		—			759			(658		)	101
Pension, other post-retirement and other post-employment liabilities	—		1,356			404			—			1,760
Intercompany payables	—		8,877			461			(9,338		)	—
Non-current liabilities of discontinued operations	—		—			139			—			139
Other non-current liabilities	8		77			634			—			719
TOTAL LIABILITIES	5,191		22,279			17,281			(23,668		)	21,083
TOTAL AON SHAREHOLDERS’ EQUITY	5,523		(350		)	27,244			(26,942		)	5,475
Noncontrolling interests	—		—			57			—			57
TOTAL EQUITY	5,523		(350		)	27,301			(26,942		)	5,532
TOTAL LIABILITIES AND EQUITY	$	10,714	$	21,929		$	44,582		$	(50,610	)	$	26,615

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statement of Cash Flows

	Three months ended March 31, 2017
	Aon			Aon			Other Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Cash provided by operating activities - continuing operations	$	(28	)	$	1,117		$	533		$	(1,440	)	$	182
Cash provided by operating activities - discontinued operations	—			—			58			—			58
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	(28		)	1,117			591			(1,440		)	240
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from investments	—			565			4			(544		)	25
Purchases of investments	—			(4		)	(546		)	541			(9		)
Net purchases of short-term investments - non-fiduciary	—			94			—			—			94
Acquisition of businesses, net of cash acquired	—			—			(46		)	—			(46		)
Sale of businesses, net of cash sold	—			—			(2		)	—			(2		)
Capital expenditures	—			—			(34		)	—			(34		)
Cash provided by investing activities - continuing operations	—			655			(624		)	(3		)	28
Cash provided by investing activities - discontinued operations	—			—			(15		)	—			(15		)
CASH USED FOR INVESTING ACTIVITIES	—			655			(639		)	(3		)	13
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(126		)	—			—			—			(126		)
Advances from (to) affiliates	290			(1,990		)	(17		)	1,717			—
Issuance of shares for employee benefit plans	(85		)	—			—			—			(85		)
Issuance of debt	457			535			—			—			992
Repayment of debt	(421		)	(525		)	(4		)	—			(950		)
Cash dividends to shareholders	(87		)	—			—			—			(87		)
Noncontrolling interests and other financing activities	—			—			(2		)	—			(2		)
Cash used for financing activities - continuing operations	28			(1,980		)	(23		)	1,717			(258		)
Cash used for financing activities - discontinued operations	—			—			—			—			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	28			(1,980		)	(23		)	1,717			(258		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			25			—			25
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	—			(208		)	(46		)	274			20
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—			1,633			660			(1,862		)	431
CASH AND CASH EQUIVALENTS AT END OF PERIOD (1)	$	—		$	1,425		$	614		$	(1,588	)	$	451

(1) Includes 18 million of discontinued operations at March 31, 2017.

Condensed Consolidating Statement of Cash Flows

	Three months ended March 31, 2016
							Other
	Aon			Aon			Non-Guarantor			Consolidating
(millions)	plc			Corporation			Subsidiaries			Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Cash provided by operating activities - continuing operations	$	(47	)	$	(37	)	$	228		$	—		$	144
Cash provided by operating activities - discontinued operations	—			—			129			—			129
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	(47		)	(37		)	357			—			273
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from investments	—			9			4			—			13
Purchases of investments	—			(5		)	(9		)	—			(14		)
Net (purchases) sales of short-term investments - non-fiduciary	—			(244		)	17			—			(227		)
Acquisition of businesses, net of cash acquired	—			—			(16		)	—			(16		)
Sale of businesses, net of cash sold	—			—			97			—			97
Capital expenditures	—			—			(37		)	—			(37		)
Cash provided by investing activities - continuing operations	—			(240		)	56			—			(184		)
Cash provided by investing activities - discontinued operations	—			—			(15		)	—			(15		)
CASH USED FOR INVESTING ACTIVITIES	—			(240		)	41			—			(199		)
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(685		)	—			—			—			(685		)
Advances from (to) affiliates	(46		)	(219		)	(147		)	412			—
Issuance of shares for employee benefit plans	(64		)	—			(1		)	—			(65		)
Issuance of debt	996			50			(1		)	—			1,045
Repayment of debt	(72		)	(100		)	(3		)	—			(175		)
Cash dividends to shareholders	(82		)	—			—			—			(82		)
Noncontrolling interests and other financing activities	—			—			(42		)	—			(42		)
Cash used for financing activities - continuing operations	47			(269		)	(194		)	412			(4		)
Cash used for financing activities - discontinued operations	—			—			—			—			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	47			(269		)	(194		)	412			(4		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			11			—			11
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	—			(546		)	215			412			81
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—			2,083			1,242			(2,941		)	384
CASH AND CASH EQUIVALENTS AT END OF PERIOD (1)	$	—		$	1,537		$	1,457		$	(2,529	)	$	465

(1) Includes $3 million of discontinued operations at March 31, 2016.