|
Restructuring (Tables)
|
12 Months Ended |
|
Dec. 31, 2011
|
| Restructuring and Related Cost |
|
| Schedule of changes in company's liabilities for its restructuring plans |
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Aon
Hewitt
Plan
|
|
Aon
Benfield
Plan
|
|
2007
Plan
|
|
Other
|
|
Total
|
|
| |
|
|
Balance at January 1, 2009 |
|
$ |
— |
|
$ |
104 |
|
$ |
101 |
|
$ |
28 |
|
$ |
233 |
|
|
Expensed |
|
|
— |
|
|
53 |
|
|
342 |
|
|
(1 |
) |
|
394 |
|
|
Cash payments |
|
|
— |
|
|
(67 |
) |
|
(248 |
) |
|
(12 |
) |
|
(327 |
) |
|
Purchase accounting adjustment |
|
|
— |
|
|
(49 |
) |
|
— |
|
|
— |
|
|
(49 |
) |
|
Foreign exchange translation and other |
|
|
— |
|
|
4 |
|
|
7 |
|
|
1 |
|
|
12 |
|
| |
|
|
|
|
Balance at December 31, 2009 |
|
$ |
— |
|
$ |
45 |
|
$ |
202 |
|
$ |
16 |
|
$ |
263 |
|
| |
|
|
|
|
Assumed Hewitt restructuring liability (1) |
|
|
43 |
|
|
— |
|
|
— |
|
|
— |
|
|
43 |
|
|
Expensed |
|
|
52 |
|
|
24 |
|
|
92 |
|
|
— |
|
|
168 |
|
|
Cash payments |
|
|
(8 |
) |
|
(38 |
) |
|
(178 |
) |
|
(8 |
) |
|
(232 |
) |
|
Foreign exchange translation and other |
|
|
1 |
|
|
(5 |
) |
|
(3 |
) |
|
2 |
|
|
(5 |
) |
| |
|
|
|
|
Balance at December 31, 2010 |
|
$ |
88 |
|
$ |
26 |
|
$ |
113 |
|
$ |
10 |
|
$ |
237 |
|
| |
|
|
|
|
Expensed |
|
|
98 |
|
|
19 |
|
|
(11 |
) |
|
— |
|
|
106 |
|
|
Cash payments |
|
|
(93 |
) |
|
(24 |
) |
|
(59 |
) |
|
(2 |
) |
|
(178 |
) |
|
Foreign exchange translation and other |
|
|
2 |
|
|
(1 |
) |
|
7 |
|
|
— |
|
|
8 |
|
| |
|
|
Balance at December 31, 2011 |
|
$ |
95 |
|
$ |
20 |
|
$ |
50 |
|
$ |
8 |
|
$ |
173 |
|
|
|
|
- (1)
- The Company assumed a $43 million net real estate related restructuring liability in connection with the Hewitt acquisition.
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|
Aon Hewitt Restructuring Plan
|
|
| Restructuring and Related Cost |
|
| Schedule of restructuring and related expenses by type |
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|
2011
|
|
2010
|
|
Estimated
Total Cost for
Restructuring
Plan (1)
|
|
| |
|
|
Workforce reduction |
|
$ |
64 |
|
$ |
49 |
|
$ |
180 |
|
|
Lease consolidation |
|
|
32 |
|
|
3 |
|
|
95 |
|
|
Asset impairments |
|
|
7 |
|
|
— |
|
|
47 |
|
|
Other costs associated with restructuring (2) |
|
|
2 |
|
|
— |
|
|
3 |
|
| |
|
|
Total restructuring and related expenses |
|
$ |
105 |
|
$ |
52 |
|
$ |
325 |
|
|
|
|
- (1)
- Actual costs, when incurred, may vary due to changes in the assumptions built into this plan. Significant assumptions that may change when plans are finalized and implemented include, but are not limited to, changes in severance calculations, changes in the assumptions underlying sublease loss calculations due to changing market conditions, and changes in the overall analysis that might cause the Company to add or cancel component initiatives.
- (2)
- Other costs associated with restructuring initiatives, including moving costs and consulting and legal fees, are recognized when incurred.
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|
Aon Hewitt Restructuring Plan | Total operating segments
|
|
| Restructuring and Related Cost |
|
| Schedule of restructuring and related expenses by type |
|
|
|
|
|
|
|
|
|
|
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|
2011
|
|
2010
|
|
Estimated
Total Cost for
Restructuring
Plan
|
|
| |
|
|
HR Solutions |
|
$ |
90 |
|
$ |
52 |
|
$ |
297 |
|
|
Risk Solutions |
|
|
15 |
|
|
— |
|
|
28 |
|
| |
|
|
Total restructuring and related expenses |
|
$ |
105 |
|
$ |
52 |
|
$ |
325 |
|
|
|
|
|
|
|
Aon Benfield Restructuring Plan
|
|
| Restructuring and Related Cost |
|
| Schedule of restructuring and related expenses by type |
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|
|
|
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|
|
|
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|
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Purchase
Price
Allocation
|
|
2009
|
|
2010
|
|
2011
|
|
Total to
Date
|
|
Estimated
Total Cost for
Restructuring
Period (1)
|
|
| |
|
|
Workforce reduction |
|
$ |
32 |
|
$ |
38 |
|
$ |
15 |
|
$ |
33 |
|
$ |
118 |
|
$ |
125 |
|
|
Lease consolidation |
|
|
20 |
|
|
14 |
|
|
7 |
|
|
(15 |
) |
|
26 |
|
|
26 |
|
|
Asset impairments |
|
|
— |
|
|
2 |
|
|
2 |
|
|
— |
|
|
4 |
|
|
4 |
|
|
Other costs associated with restructuring (2) |
|
|
1 |
|
|
1 |
|
|
2 |
|
|
1 |
|
|
5 |
|
|
5 |
|
| |
|
|
Total restructuring and related expenses |
|
$ |
53 |
|
$ |
55 |
|
$ |
26 |
|
$ |
19 |
|
$ |
153 |
|
$ |
160 |
|
|
|
|
- (1)
- Actual costs, when incurred, may vary due to changes in the assumptions built into this plan. Significant assumptions that may change when plans are finalized and implemented include, but are not limited to, changes in severance calculations, changes in the assumptions underlying sublease loss calculations due to changing market conditions, and changes in the overall analysis that might cause the Company to add or cancel component initiatives.
- (2)
- Other costs associated with restructuring initiatives, including moving costs and consulting and legal fees, are recognized when incurred.
|
|
|
2007 Restructuring Plan
|
|
| Restructuring and Related Cost |
|
| Schedule of restructuring and related expenses by type |
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
2007
|
|
2008
|
|
2009
|
|
2010
|
|
2011
|
|
Total 2007
Plan
|
|
| |
|
|
Workforce reduction |
|
$ |
17 |
|
$ |
166 |
|
$ |
251 |
|
$ |
72 |
|
$ |
(2 |
) |
$ |
504 |
|
|
Lease consolidation |
|
|
22 |
|
|
38 |
|
|
78 |
|
|
15 |
|
|
(9 |
) |
$ |
144 |
|
|
Asset impairments |
|
|
4 |
|
|
18 |
|
|
15 |
|
|
2 |
|
|
— |
|
$ |
39 |
|
|
Other costs associated with restructuring (1) |
|
|
3 |
|
|
29 |
|
|
13 |
|
|
5 |
|
|
— |
|
$ |
50 |
|
| |
|
|
Total restructuring and related expenses |
|
$ |
46 |
|
$ |
251 |
|
$ |
357 |
|
$ |
94 |
|
$ |
(11 |
) |
$ |
737 |
|
|
|
|
|
|
|
2007 Restructuring Plan | Total operating segments
|
|
| Restructuring and Related Cost |
|
| Schedule of restructuring and related expenses by type |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2007
|
|
2008
|
|
2009
|
|
2010
|
|
2011
|
|
Total 2007
Plan
|
|
| |
|
|
Risk Solutions |
|
$ |
41 |
|
$ |
234 |
|
$ |
322 |
|
$ |
84 |
|
$ |
(10 |
) |
$ |
671 |
|
|
HR Solutions |
|
|
5 |
|
|
17 |
|
|
35 |
|
|
10 |
|
|
(1 |
) |
$ |
66 |
|
| |
|
|
Total restructuring and related expenses |
|
$ |
46 |
|
$ |
251 |
|
$ |
357 |
|
$ |
94 |
|
$ |
(11 |
) |
$ |
737 |
|
|
|
|
|
|