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Employee Benefits (Tables)
6 Months Ended
Jun. 30, 2017
Retirement Benefits [Abstract]  
Components of net periodic benefit cost for the pension plans
The following table provides the components of the net periodic (benefit) cost recognized in the Condensed Consolidated Statements of Income in Compensation and benefits for Aon’s material U.K., U.S., and other significant international pension plans located in the Netherlands and Canada (in millions):
 
Three months ended June 30
 
U.K.
 
U.S.
 
Other
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Service cost
$

 
$

 
$

 
$

 
$

 
$

Interest cost
30

 
43

 
24

 
28

 
6

 
7

Expected return on plan assets, net of administration expenses
(49
)
 
(65
)
 
(35
)
 
(39
)
 
(11
)
 
(12
)
Amortization of prior-service cost

 
1

 
1

 
1

 

 

Amortization of net actuarial loss
8

 
9

 
12

 
12

 
3

 
3

Net periodic cost (benefit)
$
(11
)
 
$
(12
)
 
$
2

 
$
2

 
$
(2
)
 
$
(2
)
Loss on pension settlement

 
61

 

 

 

 

Total net periodic cost (benefit)
$
(11
)

$
49


$
2


$
2


$
(2
)

$
(2
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30
 
U.K.
 
U.S.
 
Other
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Service cost
$

 
$

 
$

 
$

 
$

 
$

Interest cost
60

 
86

 
48

 
55

 
12

 
14

Expected return on plan assets, net of administration expenses
(97
)
 
(129
)
 
(70
)
 
(78
)
 
(22
)
 
(24
)
Amortization of prior-service cost

 
1

 
1

 
1

 

 

Amortization of net actuarial loss
15

 
17

 
25

 
25

 
6

 
5

Net periodic cost (benefit)
$
(22
)
 
$
(25
)
 
$
4

 
$
3

 
$
(4
)
 
$
(5
)
Loss on pension settlement

 
61

 

 

 

 

Total net periodic cost (benefit)
$
(22
)
 
$
36

 
$
4

 
$
3

 
$
(4
)
 
$
(5
)