Acquisitions and Dispositions of Businesses (Tables)

6 Months Ended

Jun. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Consideration Transferred and Preliminary Value of Intangible Assets

The preliminary fair values of consideration transferred, assets acquired, liabilities assumed, and redeemable and nonredeemable noncontrolling interests are subject to adjustment when purchase accounting is finalized. The following table includes these amounts recognized as a result of the Company’s acquisitions (in millions):

	Six months ended June 30, 2024
	NFP Acquisition		Other Acquisitions		Total
Consideration transferred:
Cash	$	3,247	$	109	$	3,356
Deferred and contingent consideration	—		7		7
Class A ordinary shares issued	5,882		—		5,882
Aggregate consideration transferred	$	9,129	$	116	$	9,245
Assets acquired:
Cash and cash equivalents	$	293	$	3	$	296
Receivables	321		3		324
Fiduciary assets (1)	411		6		417
Goodwill	6,953		69		7,022
Other intangible assets:
Customer-related and contract-based	5,825		50		5,875
Tradenames	800		—		800
Technology and other	25		1		26
Operating lease right-of-use assets	143		2		145
Current assets	110		3		113
Non-current assets	169		1		170
Total assets acquired	15,050		138		15,188
Liabilities assumed:
Accounts payable and accrued liabilities	$	283	$	8	$	291
Fiduciary liabilities	411		6		417
Current liabilities	227		—		227
Long-term debt	3,422		—		3,422
Non-current operating lease liabilities	125		2		127
Deferred tax liabilities	1,123		6		1,129
Non-current liabilities	142		—		142
Total liabilities assumed	5,733		22		5,755
Less: Fair value of redeemable noncontrolling interests	(103)		—		(103)
Less: Fair value of nonredeemable noncontrolling interests	(85)		—		(85)
Net assets acquired	$	9,129	$	116	$	9,245

(1)Includes $283 million of funds held on behalf of clients.

Schedule of Pro Forma Information

The following table presents the NFP revenue and earnings as reported in the Company’s Condensed Consolidated Statements of Income (in millions):

	Three Months Ended June 30, 2024
Revenue	$	442
Net loss attributable to Aon shareholders	$	(19)

The unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the NFP Transaction had taken place on the date indicated or of results that may occur in the future (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Revenue	$	3,910	$	3,729	$	8,528	$	8,099
Net income attributable to Aon shareholders	465		424		1,396		1,266