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Acquisitions and Dispositions of Businesses (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Consideration Transferred and Preliminary Value of Intangible Assets The following table includes the preliminary fair values of consideration transferred, assets acquired, and liabilities assumed as a result of the Company’s acquisitions (in millions):
Six Months Ended
June 30, 2025
Consideration transferred:
Cash (1)
$631 
Deferred and contingent consideration38 
Aggregate consideration transferred$669 
Assets acquired:
Goodwill362 
Intangible assets322 
Other assets (2)
126 
Total assets acquired810 
Liabilities assumed:
Total liabilities assumed141 
Net assets acquired$669 
(1)Includes $416 million as of December 31, 2024 of consideration paid into an escrow account related to the acquisition of Griffiths & Armour, which closed on January 1, 2025.
(2)Includes Cash and cash equivalents of $33 million and $42 million in funds held on behalf of clients.
The following table includes these amounts recognized as of June 30, 2025 as a result of the Company’s acquisition of NFP (in millions):
NFP Acquisition
Consideration transferred:
Cash$3,247 
Class A ordinary shares issued5,882 
Aggregate consideration transferred$9,129 
Assets acquired:
Cash and cash equivalents$294 
Receivables329 
Fiduciary assets (1)
411 
Goodwill6,838 
Other intangible assets:
Customer-related and contract-based5,950 
Tradenames800 
Technology and other25 
Operating lease right-of-use assets138 
Current assets 82 
Non-current assets108 
Total assets acquired14,975 
Liabilities assumed:
Accounts payable and accrued liabilities$283 
Fiduciary liabilities411 
Current liabilities241 
Long-term debt3,422 
Non-current operating lease liabilities125 
Deferred tax liabilities (2)
1,013 
Non-current liabilities158 
Total liabilities assumed5,653 
Less: Fair value of redeemable noncontrolling interests (3)
(108)
Less: Fair value of nonredeemable noncontrolling interests (85)
Net assets acquired$9,129 
(1)Includes $277 million of funds held on behalf of clients.
(2)As of June 30, 2025, the NFP deferred tax liability related to the U.S. has been netted with the Aon deferred tax asset related to the U.S. and presented as a net deferred tax asset on the Consolidated Statements of Financial Position.
(3)The fair value of the noncontrolling interests acquired was estimated using a DCF model under the income approach and used estimated financial projections developed by management applying market participant assumptions.
Since the acquisition date, the Company made measurement period adjustments related to the NFP Transaction which primarily included the following:
Schedule of Pro Forma Information 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,
2024202320242023
Revenue$3,910 $3,729 $8,528 $8,099 
Net income attributable to Aon shareholders465 427 1,401 1,269