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Employee Benefits (Tables)
9 Months Ended
Sep. 30, 2018
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 for Aon’s material U.K., U.S., and other significant international pension plans located in the Netherlands and Canada. Service cost is reported in Compensation and benefits and all other components are reported in Other income (expense) as follows (in millions):
 
Three months ended September 30
 
U.K.
 
U.S.
 
Other
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Service cost
$

 
$

 
$

 
$

 
$

 
$

Interest cost
26

 
31

 
24

 
24

 
6

 
7

Expected return on plan assets, net of administration expenses
(46
)
 
(50
)
 
(36
)
 
(34
)
 
(11
)
 
(13
)
Amortization of prior-service cost
1

 

 

 

 

 

Amortization of net actuarial loss
6

 
8

 
15

 
13

 
3

 
3

Net periodic (benefit) cost
(13
)
 
(11
)
 
3

 
3

 
(2
)
 
(3
)
Loss on pension settlement
9

 

 

 

 

 

Total net periodic (benefit) cost
$
(4
)

$
(11
)

$
3


$
3


$
(2
)

$
(3
)

 
Nine months ended September 30
 
U.K.
 
U.S.
 
Other
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Service cost
$

 
$

 
$

 
$

 
$

 
$

Interest cost
84

 
91

 
74

 
72

 
20

 
19

Expected return on plan assets, net of administration expenses
(147
)
 
(147
)
 
(108
)
 
(104
)
 
(34
)
 
(35
)
Amortization of prior-service cost
1

 

 
1

 
1

 

 

Amortization of net actuarial loss
21

 
23

 
45

 
38

 
9

 
9

Net periodic (benefit) cost
(41
)
 
(33
)
 
12

 
7

 
(5
)
 
(7
)
Loss on pension settlement
32

 

 

 

 

 

Total net periodic (benefit) cost
$
(9
)
 
$
(33
)
 
$
12

 
$
7

 
$
(5
)
 
$
(7
)