XML 53 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
Guarantee of Registered Securities (Tables)
6 Months Ended
Jun. 30, 2017
Guarantee of Registered Securities [Abstract]  
Condensed Consolidating Statements of Income
Condensed Consolidating Statement of Income
 
 
Three months ended June 30, 2017
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Total revenue
 
$

 
$

 
$
2,368

 
$

 
$
2,368

Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
8

 
5

 
1,444

 

 
1,457

Information technology
 

 

 
98

 

 
98

Premises
 

 

 
86

 

 
86

Depreciation of fixed assets
 

 

 
54

 

 
54

Amortization and impairment of intangible assets
 

 

 
460

 

 
460

Other general expenses (income)
 
4

 
(6
)
 
333

 

 
331

Total operating expenses (income)
 
12

 
(1
)
 
2,475

 

 
2,486

Operating income (loss)
 
(12
)
 
1

 
(107
)
 

 
(118
)
Interest income
 

 
11

 
2

 
(5
)
 
8

Interest expense
 
(46
)
 
(23
)
 
(7
)
 
5

 
(71
)
Intercompany interest income (expense)
 
4

 
(136
)
 
132

 

 

Intercompany other income (expense)
 
(53
)
 
(16
)
 
69

 

 

Other income (expense)
 
(12
)
 
(4
)
 
1

 
10

 
(5
)
Income from continuing operations before income taxes
 
(119
)
 
(167
)
 
90

 
10

 
(186
)
Income tax benefit
 
(8
)
 
(63
)
 
(72
)
 

 
(143
)
Net income (loss) from continuing operations
 
(111
)
 
(104
)
 
162

 
10

 
(43
)
Income from discontinued operations, net of tax
 

 

 
821

 

 
821

net income (loss) before equity in earnings of subsidiaries
 
(111
)
 
(104
)
 
983

 
10

 
778

Equity in earnings of subsidiaries, net of tax
 
870

 
635

 
531

 
(2,036
)
 

Net income
 
759

 
531

 
1,514

 
(2,026
)
 
778

Less: Net income attributable to noncontrolling interests
 

 

 
9

 

 
9

Net income attributable to Aon shareholders
 
$
759

 
$
531

 
$
1,505

 
$
(2,026
)
 
$
769

Condensed Consolidating Statement of Income
 
 
Three months ended June 30, 2016
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Total revenue
 
$

 
$

 
$
2,282

 
$

 
$
2,282

Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
8

 
3

 
1,385

 

 
1,396

Information technology
 

 

 
99

 

 
99

Premises
 

 

 
89

 

 
89

Depreciation of fixed assets
 

 

 
41

 

 
41

Amortization and impairment of intangible assets
 

 

 
38

 

 
38

Other general expenses (income)
 
(1
)
 
2

 
231

 

 
232

Total operating expenses
 
7

 
5

 
1,883

 

 
1,895

Operating income (loss)
 
(7
)
 
(5
)
 
399

 

 
387

Interest income
 

 
4

 
5

 
(6
)
 
3

Interest expense
 
(49
)
 
(26
)
 
(4
)
 
6

 
(73
)
Intercompany interest income (expense)
 
3

 
(137
)
 
134

 

 

Intercompany other income (expense)
 
(57
)
 
(16
)
 
73

 

 

Other income (expense)
 
2

 
(4
)
 
5

 
(4
)
 
(1
)
Income (loss) from continuing operations before income taxes
 
(108
)
 
(184
)
 
612

 
(4
)
 
316

Income tax expense (benefit)
 
(20
)
 
(64
)
 
127

 

 
43

Net income (loss) from continuing operations
 
(88
)
 
(120
)
 
485

 
(4
)
 
273

Income from discontinued operations, net of tax
 

 

 
35

 

 
35

Net income (loss) before equity in earnings of subsidiaries
 
(88
)
 
(120
)
 
520

 
(4
)
 
308

Equity in earnings of subsidiaries, net of tax
 
392

 
255

 
135

 
(782
)
 

Net income
 
304

 
135

 
655

 
(786
)
 
308

Less: Net income attributable to noncontrolling interests
 

 

 
8

 

 
8

Net income attributable to Aon shareholders
 
$
304

 
$
135

 
$
647

 
$
(786
)
 
$
300

 
Condensed Consolidating Statement of Income
 
 
Six months ended June 30, 2017
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Total revenue
 
$

 
$

 
$
4,749

 
$

 
$
4,749

Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
60

 
11

 
2,847

 

 
2,918

Information technology
 

 

 
186

 

 
186

Premises
 

 

 
170

 

 
170

Depreciation of fixed assets
 

 

 
108

 

 
108

Amortization and impairment of intangible assets
 

 

 
503

 

 
503

Other general expenses (income)
 
9

 
(4
)
 
634

 

 
639

Total operating expenses
 
69

 
7

 
4,448

 

 
4,524

Operating income (loss)
 
(69
)
 
(7
)
 
301

 

 
225

Interest income
 

 
17

 

 
(7
)
 
10

Interest expense
 
(91
)
 
(47
)
 
(10
)
 
7

 
(141
)
Intercompany interest income (expense)
 
7

 
(272
)
 
265

 

 

Intercompany other income (expense)
 
(102
)
 
(9
)
 
111

 

 

Other income (expense)
 
(23
)
 
8

 
(18
)
 
18

 
(15
)
Income (loss) from continuing operations before income taxes
 
(278
)
 
(310
)
 
649

 
18

 
79

Income tax benefit
 
(22
)
 
(117
)
 
(4
)
 

 
(143
)
Net income (loss) from continuing operations
 
(256
)
 
(193
)
 
653

 
18

 
222

Income from discontinued operations, net of tax
 

 

 
861

 

 
861

Net income (loss) before equity in earnings of subsidiaries
 
(256
)
 
(193
)
 
1,514

 
18

 
1,083

Equity in earnings of subsidiaries, net of tax
 
1,298

 
906

 
713

 
(2,917
)
 

Net income
 
1,042

 
713

 
2,227

 
(2,899
)
 
1,083

Less: Net income attributable to noncontrolling interests
 

 

 
23

 

 
23

Net income attributable to Aon shareholders
 
$
1,042

 
$
713

 
$
2,204

 
$
(2,899
)
 
$
1,060

Condensed Consolidating Statement of Income
 
 
Six months ended June 30, 2016
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Revenue
 
 
 
 
 
 
 
 
 
 
Total revenue
 
$

 
$

 
$
4,558

 
$

 
$
4,558

Expenses
 
 
 
 
 
 
 
 
 
 
Compensation and benefits
 
51

 
6

 
2,684

 

 
2,741

Information technology
 

 

 
182

 

 
182

Premises
 

 

 
171

 

 
171

Depreciation of fixed assets
 

 

 
79

 

 
79

Amortization and impairment of intangible assets
 

 

 
75

 

 
75

Other general expenses
 
6

 
4

 
493

 

 
503

Total operating expenses
 
57

 
10

 
3,684

 

 
3,751

Operating income (loss)
 
(57
)
 
(10
)
 
874

 

 
807

Interest income
 

 
9

 
9

 
(13
)
 
5

Interest expense
 
(94
)
 
(54
)
 
(7
)
 
13

 
(142
)
Intercompany interest income (expense)
 
7

 
(270
)
 
263

 

 

Intercompany other income (expense)
 
(111
)
 
(15
)
 
126

 

 

Other income (expense)
 
2

 
(9
)
 
28

 
(4
)
 
17

Income (loss) from continuing operations before income taxes
 
(253
)
 
(349
)
 
1,293

 
(4
)
 
687

Income tax expense (benefit)
 
(46
)
 
(126
)
 
274

 

 
102

Net income (loss) from continuing operations
 
(207
)
 
(223
)
 
1,019

 
(4
)
 
585

Income from discontinued operations, net of tax
 

 

 
60

 

 
60

Net income (loss) before equity in earnings of subsidiaries
 
(207
)
 
(223
)
 
1,079

 
(4
)
 
645

Equity in earnings of subsidiaries, net of tax
 
836

 
611

 
388

 
(1,835
)
 

Net income
 
629

 
388

 
1,467

 
(1,839
)
 
645

Less: Net income attributable to noncontrolling interests
 

 

 
20

 

 
20

Net income attributable to Aon shareholders
 
$
629

 
$
388

 
$
1,447

 
$
(1,839
)
 
$
625


Condensed Consolidating Statements of Comprehensive Income
Condensed Consolidating Statement of Comprehensive Income
 
 
Three months ended June 30, 2017
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income
 
$
759

 
$
531

 
$
1,514

 
$
(2,026
)
 
$
778

Less: Net income attributable to noncontrolling interests
 

 

 
9

 

 
9

Net income attributable to Aon shareholders
 
759

 
531

 
1,505

 
(2,026
)
 
769

Other comprehensive income, net of tax:
 
 
 
 
 
 
 
 
 
 
Change in fair value of financial instruments
 

 
2

 
2

 

 
4

Foreign currency translation adjustments
 

 

 
54

 
(10
)
 
44

Post-retirement benefit obligation
 

 
8

 
12

 

 
20

Total other comprehensive income
 

 
10

 
68

 
(10
)
 
68

Equity in other comprehensive income of subsidiaries, net of tax
 
83

 
71

 
81

 
(235
)
 

Less: Other comprehensive loss attributable to noncontrolling interests
 

 

 
(5
)
 

 
(5
)
Total other comprehensive income attributable to Aon shareholders
 
83

 
81

 
154

 
(245
)
 
73

Comprehensive income attributable to Aon shareholders
 
$
842

 
$
612

 
$
1,659

 
$
(2,271
)
 
$
842

Condensed Consolidating Statement of Comprehensive Income
 
 
Three months ended June 30, 2016
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income
 
$
304

 
$
135

 
$
655

 
$
(786
)
 
$
308

Less: Net income attributable to noncontrolling interests
 

 

 
8

 

 
8

Net income attributable to Aon shareholders
 
304

 
135

 
647

 
(786
)
 
300

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
Change in fair value of financial instruments
 

 
2

 
(6
)
 

 
(4
)
Foreign currency translation adjustments
 
(2
)
 
10

 
(71
)
 
4

 
(59
)
Post-retirement benefit obligation
 

 
3

 
48

 

 
51

Total other comprehensive income (loss)
 
(2
)
 
15

 
(29
)
 
4

 
(12
)
Equity in other comprehensive loss of subsidiaries, net of tax
 
(14
)
 
(28
)
 
(13
)
 
55

 

Less: Other comprehensive loss attributable to noncontrolling interests
 

 

 

 

 

Total other comprehensive loss attributable to Aon shareholders
 
(16
)
 
(13
)
 
(42
)
 
59

 
(12
)
Comprehensive income attributable to Aon Shareholders
 
$
288

 
$
122

 
$
605

 
$
(727
)
 
$
288


Condensed Consolidating Statement of Comprehensive Income
 
 
Six months ended June 30, 2017
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income
 
$
1,042

 
$
713

 
$
2,227

 
$
(2,899
)
 
$
1,083

Less: Net income attributable to noncontrolling interests
 

 

 
23

 

 
23

Net income attributable to Aon shareholders
 
1,042

 
713

 
2,204

 
(2,899
)
 
1,060

Other comprehensive income, net of tax:
 
 
 
 
 
 
 
 
 
 
Change in fair value of financial instruments
 

 

 
2

 

 
2

Foreign currency translation adjustments
 

 

 
209

 
(18
)
 
191

Post-retirement benefit obligation
 

 
16

 
22

 

 
38

Total other comprehensive income
 

 
16

 
233

 
(18
)
 
231

Equity in other comprehensive income of subsidiaries, net of tax
 
253

 
235

 
251

 
(739
)
 

Less: Other comprehensive loss attributable to noncontrolling interests
 

 

 
(4
)
 

 
(4
)
Total other comprehensive income attributable to Aon shareholders
 
253

 
251

 
488

 
(757
)
 
235

Comprehensive income attributable to Aon shareholders
 
$
1,295

 
$
964

 
$
2,692

 
$
(3,656
)
 
$
1,295

Condensed Consolidating Statement of Comprehensive Income
 
 
Six months ended June 30, 2016
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
Net income
 
$
629

 
$
388

 
$
1,467

 
$
(1,839
)
 
$
645

Less: Net income attributable to noncontrolling interests
 

 

 
20

 

 
20

Net income attributable to Aon shareholders
 
629

 
388

 
1,447

 
(1,839
)
 
625

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
Change in fair value of financial instruments
 

 

 
(11
)
 

 
(11
)
Foreign currency translation adjustments
 
(2
)
 
21

 
(161
)
 
4

 
(138
)
Post-retirement benefit obligation
 

 
16

 
(166
)
 

 
(150
)
Total other comprehensive income (loss)
 
(2
)
 
37

 
(338
)
 
4

 
(299
)
Equity in other comprehensive loss of subsidiaries, net of tax
 
(301
)
 
(342
)
 
(305
)
 
948

 

Less: Other comprehensive loss attributable to noncontrolling interests
 

 

 

 

 

Total other comprehensive loss attributable to Aon shareholders
 
(303
)
 
(305
)
 
(643
)
 
952

 
(299
)
Comprehensive income (loss) attributable to Aon Shareholders
 
$
326

 
$
83

 
$
804

 
$
(887
)
 
$
326

Condensed Consolidating Statements of Financial Position
Condensed Consolidating Statement of Financial Position
 
 
As of June 30, 2017
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
ASSETS
 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
 
$

 
$
2,675

 
$
801

 
$
(2,792
)
 
$
684

Short-term investments
 

 
2,580

 
166

 

 
2,746

Receivables, net
 

 
4

 
2,187

 

 
2,191

Fiduciary assets
 

 

 
9,582

 

 
9,582

Intercompany receivables
 
106

 
4,176

 
12,476

 
(16,758
)
 

Other current assets
 

 
37

 
362

 

 
399

Current assets of discontinued operations
 

 

 

 

 

Total Current Assets
 
106

 
9,472

 
25,574

 
(19,550
)
 
15,602

Goodwill
 

 

 
7,745

 

 
7,745

Intangible assets, net
 

 

 
1,402

 

 
1,402

Fixed assets, net
 

 

 
556

 

 
556

Deferred tax assets
 
134

 
676

 
169

 
(404
)
 
575

Intercompany receivables
 
380

 
261

 
8,729

 
(9,370
)
 

Prepaid pension
 

 
5

 
936

 

 
941

Other non-current assets
 
2

 
121

 
245

 

 
368

Investment in subsidiary
 
11,677

 
16,596

 
532

 
(28,805
)
 

Non-current assets of discontinued operations
 

 

 

 

 

TOTAL ASSETS
 
$
12,299

 
$
27,131

 
$
45,888

 
$
(58,129
)
 
$
27,189

 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 

 
 

 
 

 
 

 
 

Accounts payable and accrued liabilities
 
$
2,336

 
$
38

 
$
1,841

 
$
(2,792
)
 
$
1,423

Short-term debt and current portion of long-term debt
 

 
2

 
290

 

 
292

Fiduciary liabilities
 

 

 
9,582

 

 
9,582

Intercompany payables
 
186

 
14,770

 
1,802

 
(16,758
)
 

Other current liabilities
 
60

 
54

 
1,964

 

 
2,078

Current liabilities of discontinued operations
 

 

 

 

 

Total Current Liabilities
 
2,582

 
14,864

 
15,479

 
(19,550
)
 
13,375

Long-term debt
 
4,216

 
1,414

 
1

 

 
5,631

Deferred tax liabilities
 

 

 
488

 
(404
)
 
84

Pension, other post-retirement and other post-employment liabilities
 

 
1,307

 
381

 

 
1,688

Intercompany payables
 

 
8,895

 
475

 
(9,370
)
 

Other non-current liabilities
 
14

 
119

 
725

 

 
858

Non-current liabilities of discontinued operations
 

 

 

 

 

TOTAL LIABILITIES
 
6,812

 
26,599

 
17,549

 
(29,324
)
 
21,636

 
 
 
 
 
 
 
 
 
 
 
TOTAL AON SHAREHOLDERS’ EQUITY
 
5,487

 
532

 
28,273

 
(28,805
)
 
5,487

Noncontrolling interests
 

 

 
66

 

 
66

TOTAL EQUITY
 
5,487

 
532

 
28,339

 
(28,805
)
 
5,553

TOTAL LIABILITIES AND EQUITY
 
$
12,299

 
$
27,131

 
$
45,888

 
$
(58,129
)
 
$
27,189

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
)
 

Other current assets
 

 
25

 
222

 

 
247

Current assets of discontinued operations
 

 

 
1,118

 

 
1,118

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

Deferred tax assets
 
134

 
726

 
171

 
(706
)
 
325

Intercompany receivables
 
366

 
261

 
8,711

 
(9,338
)
 

Prepaid pension
 

 
5

 
853

 

 
858

Other non-current assets
 
2

 
119

 
239

 

 
360

Investment in subsidiary
 
10,107

 
17,131

 
(356
)
 
(26,882
)
 

Non-current assets of discontinued operations
 

 

 
2,076

 

 
2,076

TOTAL ASSETS
 
$
10,714

 
$
21,923

 
$
44,576

 
$
(50,598
)
 
$
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
)
 

Other current liabilities
 

 
63

 
593

 

 
656

Current liabilities of discontinued operations
 

 

 
940

 

 
940

Total Current Liabilities
 
1,006

 
10,556

 
14,605

 
(13,672
)
 
12,495

Long-term debt
 
4,177

 
1,413

 
279

 

 
5,869

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
)
 

Other non-current liabilities
 
8

 
77

 
634

 

 
719

Non-current liabilities of discontinued operations
 

 

 
139

 

 
139

TOTAL LIABILITIES
 
5,191

 
22,279

 
17,281

 
(23,668
)
 
21,083

 
 
 
 
 
 
 
 
 
 
 
TOTAL AON SHAREHOLDERS’ EQUITY
 
5,523

 
(356
)
 
27,238

 
(26,930
)
 
5,475

Noncontrolling interests
 

 

 
57

 

 
57

TOTAL EQUITY
 
5,523

 
(356
)
 
27,295

 
(26,930
)
 
5,532

TOTAL LIABILITIES AND EQUITY
 
$
10,714

 
$
21,923

 
$
44,576

 
$
(50,598
)
 
$
26,615

Condensed Consolidating Statements of Cash Flows
Condensed Consolidating Statement of Cash Flows
 
 
Six months ended June 30, 2017
 
 
Aon
 
Aon
 
Other
Non-Guarantor
 
Consolidating
 
 
(millions)
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
 
 

 
 

 
 

 
 

 
 

Cash provided by (used for) operating activities - continuing operations
 
$
(118
)
 
$
999

 
$
1,056

 
$
(1,501
)
 
$
436

Cash provided by operating activities - discontinued operations
 

 

 
64

 

 
64

CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES
 
(118
)
 
999

 
1,120

 
(1,501
)
 
500

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Proceeds from investments
 

 
567

 
6

 
(544
)
 
29

Payments for investments
 
(16
)
 
(15
)
 
(558
)
 
557

 
(32
)
Net purchases of short-term investments - non-fiduciary
 

 
(2,440
)
 
(11
)
 

 
(2,451
)
Acquisition of businesses, net of cash acquired
 

 
2

 
(151
)
 

 
(149
)
Sale of businesses, net of cash sold
 

 

 
4,193

 

 
4,193

Capital expenditures
 

 

 
(82
)
 

 
(82
)
Cash provided by (used for) investing activities - continuing operations
 
(16
)
 
(1,886
)
 
3,397

 
13

 
1,508

Cash used for investing activities - discontinued operations
 

 

 
(19
)
 

 
(19
)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES
 
(16
)
 
(1,886
)
 
3,378

 
13

 
1,489

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Share repurchase
 
(1,100
)
 

 

 

 
(1,100
)
Advances from (to) affiliates
 
1,846

 
1,977

 
(4,381
)
 
558

 

Issuance of shares for employee benefit plans
 
(139
)
 

 

 

 
(139
)
Issuance of debt
 
544

 
1,102

 
5

 

 
1,651

Repayment of debt
 
(835
)
 
(1,150
)
 
(5
)
 

 
(1,990
)
Cash dividends to shareholders
 
(182
)
 

 

 

 
(182
)
Noncontrolling interests and other financing activities
 

 

 
(10
)
 

 
(10
)
Cash provided by (used for) financing activities - continuing operations
 
134

 
1,929

 
(4,391
)
 
558

 
(1,770
)
Cash used for financing activities - discontinued operations
 

 

 

 

 

CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES
 
134

 
1,929

 
(4,391
)
 
558

 
(1,770
)
 
 
 
 
 
 
 
 
 
 
 
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
 

 

 
34

 

 
34

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
 

 
1,042

 
141

 
(930
)
 
253

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR(1)
 

 
1,633

 
660

 
(1,862
)
 
431

CASH AND CASH EQUIVALENTS AT END OF PERIOD
 
$

 
$
2,675

 
$
801

 
$
(2,792
)
 
$
684

(1)
Includes $5 million of discontinued operations at December 31, 2016.

Condensed Consolidating Statement of Cash Flows
 
 
Six months ended June 30, 2016
 
 
 
 
 
 
Other
 
 
 
 
 
 
Aon
 
Aon
 
Non-Guarantor
 
Consolidating
 
 
(millions) 
 
plc
 
Corporation
 
Subsidiaries
 
Adjustments
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
 
 

 
 

 
 

 
 

 
 

Cash provided by (used for) operating activities - continuing operations
 
$
237

 
$
(625
)
 
$
949

 
$
(4
)
 
$
557

Cash provided by operating activities - discontinued operations
 

 

 
207

 

 
207

CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES
 
237

 
(625
)
 
1,156

 
(4
)
 
764

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Proceeds from investments
 

 
14

 
9

 

 
23

Payments for investments
 

 
(13
)
 
(16
)
 

 
(29
)
Net sales of short-term investments - non-fiduciary
 

 
92

 
14

 

 
106

Acquisition of businesses, net of cash acquired
 

 

 
(183
)
 

 
(183
)
Sale of businesses, net of cash sold
 

 

 
103

 

 
103

Capital expenditures
 

 

 
(68
)
 

 
(68
)
Cash provided by (used for) investing activities - continuing operations
 

 
93

 
(141
)
 

 
(48
)
Cash used for investing activities - discontinued operations
 

 

 
(36
)
 

 
(36
)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES
 

 
93

 
(177
)
 

 
(84
)
 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Share repurchase
 
(750
)
 

 

 

 
(750
)
Advances from (to) affiliates
 
(211
)
 
348

 
(321
)
 
184

 

Issuance of shares for employee benefit plans
 
(87
)
 

 

 

 
(87
)
Issuance of debt
 
1,239

 
817

 

 

 
2,056

Repayment of debt
 
(259
)
 
(1,367
)
 
(6
)
 

 
(1,632
)
Cash dividends to shareholders
 
(169
)
 

 

 

 
(169
)
Noncontrolling interests and other financing activities
 

 

 
(62
)
 

 
(62
)
Cash used for financing activities - continuing operations
 
(237
)
 
(202
)
 
(389
)
 
184

 
(644
)
Cash used for financing activities - discontinued operations
 

 

 

 

 

CASH USED FOR FINANCING ACTIVITIES
 
(237
)
 
(202
)
 
(389
)
 
184

 
(644
)
 
 
 
 
 
 
 
 
 
 
 
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
 

 

 
18

 

 
18

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
 

 
(734
)
 
608

 
180

 
54

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR(1)
 

 
2,083

 
1,242

 
(2,941
)
 
384

CASH AND CASH EQUIVALENTS AT END OF PERIOD(2)
 
$

 
$
1,349

 
$
1,850

 
$
(2,761
)
 
$
438


(1)
Includes $2 million of discontinued operations at December 31, 2015.
(2)
Includes $4 million of discontinued operations at June 30, 2016.