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Guarantee of Registered Securities (Tables) | 12 Months Ended
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Dec. 31, 2015
Guarantee of Registered Securities |
Condensed Consolidating Statement of Income | Consolidating Statement of Income
| Year Ended December 31, 2015
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |
Commissions, fees and other | $ | — |  |  | $ | — |  |  | $ | 11,661 |  |  | $ | — |  |  | $ | 11,661 |
Fiduciary investment income | — |  |  | — |  |  | 21 |  |  | — |  |  | 21 |
Total revenue | — |  |  | — |  |  | 11,682 |  |  | — |  |  | 11,682 |
Expenses |  |  |  |  |  |  |  |  |
Compensation and benefits | 136 |  |  | 32 |  |  | 6,669 |  |  | — |  |  | 6,837 |
Other general expenses | 8 |  |  | 7 |  |  | 2,982 |  |  | — |  |  | 2,997 |
Total operating expenses | 144 |  |  | 39 |  |  | 9,651 |  |  | — |  |  | 9,834 |
Operating (loss) income | (144 | ) |  | (39 | ) |  | 2,031 |  |  | — |  |  | 1,848 |
Interest income | (19 | ) |  | 14 |  |  | 19 |  |  | — |  |  | 14 |
Interest expense | (121 | ) |  | (130 | ) |  | (22 | ) |  | — |  |  | (273 | )
Intercompany interest income (expense) | 429 |  |  | (479 | ) |  | 50 |  |  | — |  |  | — |
Intercompany other income (expense) | 302 |  |  | (422 | ) |  | 120 |  |  | — |  |  | — |
Other Income | (1 | ) |  | — |  |  | 101 |  |  | — |  |  | 100 |
Income (loss) before taxes | 446 |  |  | (1,056 | ) |  | 2,299 |  |  | — |  |  | 1,689 |
Income tax expense (benefit) | 45 |  |  | (262 | ) |  | 484 |  |  | — |  |  | 267 |
Income (loss) before equity in earnings of subsidiaries | 401 |  |  | (794 | ) |  | 1,815 |  |  | — |  |  | 1,422 |
Equity in earnings of subsidiaries, net of tax | 984 |  |  | 1,319 |  |  | 525 |  |  | (2,828 | ) |  | — |
Net income | 1,385 |  |  | 525 |  |  | 2,340 |  |  | (2,828 | ) |  | 1,422 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 37 |  |  | — |  |  | 37 |
Net income attributable to Aon shareholders | $ | 1,385 |  |  | $ | 525 |  |  | $ | 2,303 |  |  | $ | (2,828 | ) |  | $ | 1,385 |
Condensed Consolidating Statement of Income
| Year Ended December 31, 2014
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |
Commissions, fees and other | $ | — |  |  | $ | — |  |  | $ | 12,019 |  |  | $ | — |  |  | $ | 12,019 |
Fiduciary investment income | — |  |  | — |  |  | 26 |  |  | — |  |  | 26 |
Total revenue | — |  |  | — |  |  | 12,045 |  |  | — |  |  | 12,045 |
Expenses |  |  |  |  |  |  |  |  |
Compensation and benefits | 140 |  |  | 16 |  |  | 6,858 |  |  | — |  |  | 7,014 |
Other general expenses | 3 |  |  | 5 |  |  | 3,057 |  |  | — |  |  | 3,065 |
Total operating expenses | 143 |  |  | 21 |  |  | 9,915 |  |  | — |  |  | 10,079 |
Operating (loss) income | (143 | ) |  | (21 | ) |  | 2,130 |  |  | — |  |  | 1,966 |
Interest income | (9 | ) |  | 2 |  |  | 17 |  |  | — |  |  | 10 |
Interest expense | (75 | ) |  | (139 | ) |  | (41 | ) |  | — |  |  | (255 | )
Intercompany interest income (expense) | 449 |  |  | (298 | ) |  | (151 | ) |  | — |  |  | — |
Intercompany other income (expense) | 342 |  |  | (390 | ) |  | 48 |  |  | — |  |  | — |
Other income | 2 |  |  | 5 |  |  | 37 |  |  | — |  |  | 44 |
Income (loss) before taxes | 566 |  |  | (841 | ) |  | 2,040 |  |  | — |  |  | 1,765 |
Income tax expense (benefit) | 74 |  |  | (192 | ) |  | 452 |  |  | — |  |  | 334 |
Income (loss) before equity in earnings of subsidiaries | 492 |  |  | (649 | ) |  | 1,588 |  |  | — |  |  | 1,431 |
Equity in earnings of subsidiaries, net of tax | 905 |  |  | 1,214 |  |  | 565 |  |  | (2,684 | ) |  | — |
Net income | 1,397 |  |  | 565 |  |  | 2,153 |  |  | (2,684 | ) |  | 1,431 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Net income attributable to Aon shareholders | $ | 1,397 |  |  | $ | 565 |  |  | $ | 2,119 |  |  | $ | (2,684 | ) |  | $ | 1,397 |
Condensed Consolidating Statement of Income
| Year Ended December 31, 2013
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustment |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |
Commissions, fees and other | $ | 3 |  |  | $ | — |  |  | $ | 11,784 |  |  | $ | — |  |  | $ | 11,787 |
Fiduciary investment income | — |  |  | — |  |  | 28 |  |  | — |  |  | 28 |
Total revenue | 3 |  |  | — |  |  | 11,812 |  |  | — |  |  | 11,815 |
Expenses |  |  |  |  |  |  |  |  |
Compensation and benefits | 111 |  |  | 50 |  |  | 6,784 |  |  | — |  |  | 6,945 |
Other general expenses | — |  |  | — |  |  | 3,199 |  |  | — |  |  | 3,199 |
Total operating expenses | 111 |  |  | 50 |  |  | 9,983 |  |  | — |  |  | 10,144 |
Operating (loss) income | (108 | ) |  | (50 | ) |  | 1,829 |  |  | — |  |  | 1,671 |
Interest income | — |  |  | 3 |  |  | 6 |  |  | — |  |  | 9 |
Interest expense | (20 | ) |  | (138 | ) |  | (52 | ) |  | — |  |  | (210 | )
Intercompany interest (expense) income | 120 |  |  | 24 |  |  | (144 | ) |  | — |  |  | — |
Intercompany other (expense) income | 38 |  |  | (168 | ) |  | 130 |  |  | — |  |  | — |
Other income (expense) | — |  |  | 19 |  |  | 49 |  |  | — |  |  | 68 |
(Loss) income before taxes | 30 |  |  | (310 | ) |  | 1,818 |  |  | — |  |  | 1,538 |
Income tax (benefit) expense | 12 |  |  | (64 | ) |  | 442 |  |  | — |  |  | 390 |
(Loss) income before equity in earnings of subsidiaries | 18 |  |  | (246 | ) |  | 1,376 |  |  | — |  |  | 1,148 |
Equity in earnings of subsidiaries, net of tax | 1,095 |  |  | 1,061 |  |  | 815 |  |  | (2,971 | ) |  | — |
Net income | 1,113 |  |  | 815 |  |  | 2,191 |  |  | (2,971 | ) |  | 1,148 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 35 |  |  | — |  |  | 35 |
Net income attributable to Aon shareholders | $ | 1,113 |  |  | $ | 815 |  |  | $ | 2,156 |  |  | $ | (2,971 | ) |  | $ | 1,113 |
Condensed Consolidating Statement of Comprehensive Income | Consolidating Statement of Comprehensive Income
| Year Ended December 31, 2015
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income | $ | 1,385 |  |  | $ | 525 |  |  | $ | 2,340 |  |  | $ | (2,828 | ) |  | $ | 1,422 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 37 |  |  | — |  |  | 37 |
Net income attributable to Aon shareholders | $ | 1,385 |  |  | $ | 525 |  |  | $ | 2,303 |  |  | $ | (2,828 | ) |  | $ | 1,385 |
Other comprehensive (loss) income, net of tax: |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments | — |  |  | — |  |  | (8 | ) |  | — |  |  | (8 | )
Foreign currency translation adjustments | — |  |  | (47 | ) |  | (395 | ) |  | — |  |  | (442 | )
Post-retirement benefit obligation | — |  |  | 12 |  |  | 143 |  |  | — |  |  | 155 |
Total other comprehensive loss | — |  |  | (35 | ) |  | (260 | ) |  | — |  |  | (295 | )
Equity in other comprehensive loss of subsidiaries, net of tax | (289 | ) |  | (268 | ) |  | (303 | ) |  | 860 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Total other comprehensive loss attributable to Aon shareholders | (289 | ) |  | (303 | ) |  | (557 | ) |  | 860 |  |  | (289 | )
Comprehensive income attributable to Aon shareholders | $ | 1,096 |  |  | $ | 222 |  |  | $ | 1,746 |  |  | $ | (1,968 | ) |  | $ | 1,096 |
Condensed Consolidating Statement of Comprehensive Income
| Year Ended December 31, 2014
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income | $ | 1,397 |  |  | $ | 565 |  |  | $ | 2,153 |  |  | $ | (2,684 | ) |  | $ | 1,431 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Net income attributable to Aon shareholders | $ | 1,397 |  |  | $ | 565 |  |  | $ | 2,119 |  |  | $ | (2,684 | ) |  | $ | 1,397 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments | — |  |  | (3 | ) |  | 7 |  |  | — |  |  | 4 |
Foreign currency translation adjustments | — |  |  | (31 | ) |  | (476 | ) |  | — |  |  | (507 | )
Post-retirement benefit obligation | — |  |  | (315 | ) |  | 55 |  |  | — |  |  | (260 | )
Total other comprehensive loss | — |  |  | (349 | ) |  | (414 | ) |  | — |  |  | (763 | )
Equity in other comprehensive income of subsidiaries, net of tax | (760 | ) |  | (411 | ) |  | (760 | ) |  | 1,931 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Total other comprehensive income attributable to Aon shareholders | (760 | ) |  | (760 | ) |  | (1,171 | ) |  | 1,931 |  |  | (760 | )
Comprehensive income attributable to Aon shareholders | $ | 637 |  |  | $ | (195 | ) |  | $ | 948 |  |  | $ | (753 | ) |  | $ | 637 |
Condensed Consolidating Statement of Comprehensive Income
| Year Ended December 31, 2013
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income | $ | 1,113 |  |  | $ | 815 |  |  | $ | 2,191 |  |  | $ | (2,971 | ) |  | $ | 1,148 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 35 |  |  | — |  |  | 35 |
Net income attributable to Aon shareholders | $ | 1,113 |  |  | $ | 815 |  |  | $ | 2,156 |  |  | $ | (2,971 | ) |  | $ | 1,113 |
Other comprehensive loss, net of tax: |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments | — |  |  | 5 |  |  | 2 |  |  | — |  |  | 7 |
Foreign currency translation adjustments | — |  |  | (60 | ) |  | (5 | ) |  | — |  |  | (65 | )
Post-retirement benefit obligation | — |  |  | 223 |  |  | 70 |  |  | — |  |  | 293 |
Total other comprehensive loss | — |  |  | 168 |  |  | 67 |  |  | — |  |  | 235 |
Equity in other comprehensive loss of subsidiaries, net of tax | 236 |  |  | 69 |  |  | 237 |  |  | (542 | ) |  | — |
Less: Other comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Total other comprehensive loss attributable to Aon shareholders | 236 |  |  | 237 |  |  | 305 |  |  | (542 | ) |  | 236 |
Comprehensive income attributable to Aon shareholders | $ | 1,349 |  |  | $ | 1,052 |  |  | $ | 2,461 |  |  | $ | (3,513 | ) |  | $ | 1,349 |
Condensed Consolidating Statement of Financial Position | Consolidating Statement of Financial Position
| As of December 31, 2015
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 2,083 |  |  | $ | 1,242 |  |  | $ | (2,941 | ) |  | $ | 384 |
Short-term investments | — |  |  | 209 |  |  | 147 |  |  | — |  |  | 356 |
Receivables, net | 1 |  |  | — |  |  | 2,733 |  |  | — |  |  | 2,734 |
Fiduciary assets | — |  |  | — |  |  | 9,932 |  |  | — |  |  | 9,932 |
Intercompany receivables | 432 |  |  | 1,950 |  |  | 7,957 |  |  | (10,339 | ) |  | — |
Other current assets | 3 |  |  | 218 |  |  | 347 |  |  | (2 | ) |  | 566 |
Total Current Assets | 436 |  |  | 4,460 |  |  | 22,358 |  |  | (13,282 | ) |  | 13,972 |
Goodwill | — |  |  | — |  |  | 8,448 |  |  | — |  |  | 8,448 |
Intangible assets, net | — |  |  | — |  |  | 2,180 |  |  | — |  |  | 2,180 |
Fixed assets, net | — |  |  | — |  |  | 765 |  |  | — |  |  | 765 |
Deferred tax assets | 154 |  |  | 558 |  |  | 107 |  |  | (678 | ) |  | 141 |
Intercompany receivables | 375 |  |  | 526 |  |  | 8,633 |  |  | (9,534 | ) |  | — |
Prepaid Pension | — |  |  | 6 |  |  | 1,027 |  |  | — |  |  | 1,033 |
Other non-current assets | 28 |  |  | 124 |  |  | 557 |  |  | (84 | ) |  | 625 |
Investment in subsidiary | 11,804 |  |  | 16,534 |  |  | 369 |  |  | (28,707 | ) |  | — |
TOTAL ASSETS | $ | 12,797 |  |  | $ | 22,208 |  |  | $ | 44,444 |  |  | $ | (52,285 | ) |  | $ | 27,164 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Fiduciary liabilities | $ | — |  |  | $ | — |  |  | $ | 9,932 |  |  | $ | — |  |  | $ | 9,932 |
Short-term debt and current portion of long-term debt | — |  |  | 550 |  |  | 12 |  |  | — |  |  | 562 |
Accounts payable and accrued liabilities | 2,988 |  |  | 45 |  |  | 1,680 |  |  | (2,941 | ) |  | 1,772 |
Intercompany payables | 167 |  |  | 9,518 |  |  | 654 |  |  | (10,339 | ) |  | — |
Other current liabilities | 47 |  |  | 56 |  |  | 720 |  |  | (3 | ) |  | 820 |
Total Current Liabilities | 3,202 |  |  | 10,169 |  |  | 12,998 |  |  | (13,283 | ) |  | 13,086 |
Long-term debt | 3,482 |  |  | 1,418 |  |  | 275 |  |  | — |  |  | 5,175 |
Deferred tax liabilities | — |  |  | — |  |  | 854 |  |  | (678 | ) |  | 176 |
Pension, other post-retirement and other post-employment liabilities | — |  |  | 1,313 |  |  | 482 |  |  | — |  |  | 1,795 |
Intercompany payables | — |  |  | 8,799 |  |  | 735 |  |  | (9,534 | ) |  | — |
Other non-current liabilities | 7 |  |  | 140 |  |  | 705 |  |  | (83 | ) |  | 769 |
TOTAL LIABILITIES | 6,691 |  |  | 21,839 |  |  | 16,049 |  |  | (23,578 | ) |  | 21,001 |
TOTAL AON SHAREHOLDERS’ EQUITY | 6,106 |  |  | 369 |  |  | 28,338 |  |  | (28,707 | ) |  | 6,106 |
Noncontrolling interests | — |  |  | — |  |  | 57 |  |  | — |  |  | 57 |
TOTAL EQUITY | 6,106 |  |  | 369 |  |  | 28,395 |  |  | (28,707 | ) |  | 6,163 |
TOTAL LIABILITIES AND EQUITY | $ | 12,797 |  |  | $ | 22,208 |  |  | $ | 44,444 |  |  | $ | (52,285 | ) |  | $ | 27,164 |
Condensed Consolidating Statement of Financial Position
| As of December 31, 2014
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 2,727 |  |  | $ | 1,361 |  |  | $ | (3,714 | ) |  | $ | 374 |
Short-term investments | — |  |  | 165 |  |  | 229 |  |  | — |  |  | 394 |
Receivables, net | — |  |  | — |  |  | 2,815 |  |  | — |  |  | 2,815 |
Fiduciary assets | — |  |  | — |  |  | 11,638 |  |  | — |  |  | 11,638 |
Intercompany receivables | 455 |  |  | 2,814 |  |  | 9,156 |  |  | (12,425 | ) |  | — |
Other current assets | 2 |  |  | 226 |  |  | 407 |  |  | (33 | ) |  | 602 |
Total Current Assets | 457 |  |  | 5,932 |  |  | 25,606 |  |  | (16,172 | ) |  | 15,823 |
Goodwill | — |  |  | — |  |  | 8,860 |  |  | — |  |  | 8,860 |
Intangible assets, net | — |  |  | — |  |  | 2,520 |  |  | — |  |  | 2,520 |
Fixed assets, net | — |  |  | — |  |  | 765 |  |  | — |  |  | 765 |
Deferred tax assets | 159 |  |  | 570 |  |  | 113 |  |  | (698 | ) |  | 144 |
Intercompany receivables | 7,399 |  |  | 600 |  |  | 111 |  |  | (8,110 | ) |  | — |
Prepaid Pension | — |  |  | 6 |  |  | 927 |  |  | — |  |  | 933 |
Other non-current assets | 20 |  |  | 121 |  |  | 678 |  |  | (92 | ) |  | 727 |
Investment in subsidiary | 4,962 |  |  | 15,200 |  |  | 1,880 |  |  | (22,042 | ) |  | — |
TOTAL ASSETS | $ | 12,997 |  |  | $ | 22,429 |  |  | $ | 41,460 |  |  | $ | (47,114 | ) |  | $ | 29,772 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Fiduciary liabilities | $ | — |  |  | $ | — |  |  | $ | 11,638 |  |  | $ | — |  |  | $ | 11,638 |
Short-term debt and current portion of long-term debt | — |  |  | 767 |  |  | 16 |  |  | — |  |  | 783 |
Accounts payable and accrued liabilities | 3,755 |  |  | 58 |  |  | 1,706 |  |  | (3,714 | ) |  | 1,805 |
Intercompany payables | 122 |  |  | 8,960 |  |  | 3,343 |  |  | (12,425 | ) |  | — |
Other current liabilities | — |  |  | 49 |  |  | 772 |  |  | (33 | ) |  | 788 |
Total Current Liabilities | 3,877 |  |  | 9,834 |  |  | 17,475 |  |  | (16,172 | ) |  | 15,014 |
Long-term debt | 2,544 |  |  | 1,917 |  |  | 338 |  |  | — |  |  | 4,799 |
Deferred tax liabilities | — |  |  | — |  |  | 1,011 |  |  | (698 | ) |  | 313 |
Pension, other post-retirement and other post-employment liabilities | — |  |  | 1,396 |  |  | 745 |  |  | — |  |  | 2,141 |
Intercompany payables | — |  |  | 7,277 |  |  | 833 |  |  | (8,110 | ) |  | — |
Other non-current liabilities | 5 |  |  | 125 |  |  | 836 |  |  | (92 | ) |  | 874 |
TOTAL LIABILITIES | 6,426 |  |  | 20,549 |  |  | 21,238 |  |  | (25,072 | ) |  | 23,141 |
TOTAL AON SHAREHOLDERS’ EQUITY | 6,571 |  |  | 1,880 |  |  | 20,162 |  |  | (22,042 | ) |  | 6,571 |
Noncontrolling interests | — |  |  | — |  |  | 60 |  |  | — |  |  | 60 |
TOTAL EQUITY | 6,571 |  |  | 1,880 |  |  | 20,222 |  |  | (22,042 | ) |  | 6,631 |
TOTAL LIABILITIES AND EQUITY | $ | 12,997 |  |  | $ | 22,429 |  |  | $ | 41,460 |  |  | $ | (47,114 | ) |  | $ | 29,772 |
Condensed Consolidating Statement of Cash Flows | Consolidating Statement of Cash Flows
| Year Ended December 31, 2015
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES | $ | 695 |  |  | $ | 464 |  |  | $ | 2,523 |  |  | $ | (1,673 | ) |  | $ | 2,009 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from investments | — |  |  | 27 |  |  | 193 |  |  | — |  |  | 220 |
Payments for investments | (13 | ) |  | (47 | ) |  | (219 | ) |  | 13 |  |  | (266 | )
Net (purchases) sales of short-term investments - non-fiduciary | — |  |  | (42 | ) |  | 51 |  |  | — |  |  | 9 |
Acquisition of businesses, net of cash acquired | — |  |  | — |  |  | (16 | ) |  | — |  |  | (16 | )
Proceeds from sale of businesses | — |  |  | — |  |  | 205 |  |  | — |  |  | 205 |
Capital expenditures | — |  |  | — |  |  | (290 | ) |  | — |  |  | (290 | )
CASH USED FOR (PROVIDED BY) INVESTING ACTIVITIES | (13 | ) |  | (62 | ) |  | (76 | ) |  | 13 |  |  | (138 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Share repurchase | (1,550 | ) |  | — |  |  | — |  |  | — |  |  | (1,550 | )
Advances from (to) affiliates and other (1) | 232 |  |  | (326 | ) |  | (2,339 | ) |  | 2,433 |  |  | — |
Issuance of shares for employee benefit plans | (29 | ) |  | — |  |  | (1 | ) |  | — |  |  | (30 | )
Issuance of debt | 1,318 |  |  | 4,026 |  |  | 7 |  |  | — |  |  | 5,351 |
Repayment of debt | (330 | ) |  | (4,746 | ) |  | (22 | ) |  | — |  |  | (5,098 | )
Cash dividends to shareholders | (323 | ) |  | — |  |  | — |  |  | — |  |  | (323 | )
Noncontrolling interests and other financing activities | — |  |  | — |  |  | (39 | ) |  | — |  |  | (39 | )
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES | (682 | ) |  | (1,046 | ) |  | (2,394 | ) |  | 2,433 |  |  | (1,689 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (172 | ) |  | — |  |  | (172 | )
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | — |  |  | (644 | ) |  | (119 | ) |  | 773 |  |  | 10 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | — |  |  | 2,727 |  |  | 1,361 |  |  | (3,714 | ) |  | 374 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ | — |  |  | $ | 2,083 |  |  | $ | 1,242 |  |  | $ | (2,941 | ) |  | $ | 384 |
(1) Advances from (to) affiliates and other includes activity related to the Company's intercompany and cash pooling arrangements. Condensed Consolidating Statement of Cash Flows
| Year Ended December 31, 2014
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES | $ | 769 |  |  | $ | (927 | ) |  | $ | 1,970 |  |  | $ | — |  |  | $ | 1,812 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from investments | — |  |  | 39 |  |  | 13 |  |  | — |  |  | 52 |
Payments for investments | — |  |  | (20 | ) |  | — |  |  | — |  |  | (20 | )
Net purchases of short-term investments - non-fiduciary | — |  |  | (3 | ) |  | 113 |  |  | — |  |  | 110 |
Acquisition of businesses, net of cash acquired | — |  |  | — |  |  | (479 | ) |  | — |  |  | (479 | )
Proceeds from sale of businesses | — |  |  | — |  |  | 48 |  |  | — |  |  | 48 |
Capital expenditures | — |  |  | — |  |  | (256 | ) |  | — |  |  | (256 | )
CASH USED FOR INVESTING ACTIVITIES | — |  |  | 16 |  |  | (561 | ) |  | — |  |  | (545 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Share repurchase | (2,250 | ) |  | — |  |  | — |  |  | — |  |  | (2,250 | )
Advances from (to) affiliates and other (1) | 19 |  |  | 3,215 |  |  | (536 | ) |  | (2,698 | ) |  | — |
Issuance of shares for employee benefit plans | (105 | ) |  | — |  |  | — |  |  | — |  |  | (105 | )
Issuance of debt | 2,908 |  |  | 2,326 |  |  | 5 |  |  | — |  |  | 5,239 |
Repayment of debt | (1,068 | ) |  | (2,150 | ) |  | (700 | ) |  | — |  |  | (3,918 | )
Cash dividends to shareholders | (273 | ) |  | — |  |  | — |  |  | — |  |  | (273 | )
Noncontrolling interests and other financing activities | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES | (769 | ) |  | 3,391 |  |  | (1,227 | ) |  | (2,698 | ) |  | (1,303 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (67 | ) |  | — |  |  | (67 | )
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | — |  |  | 2,480 |  |  | 115 |  |  | (2,698 | ) |  | (103 | )
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | — |  |  | 247 |  |  | 1,246 |  |  | (1,016 | ) |  | 477 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ | — |  |  | $ | 2,727 |  |  | $ | 1,361 |  |  | $ | (3,714 | ) |  | $ | 374 |
(1) Advances from (to) affiliates and other includes activity related to the Company's intercompany and cash pooling arrangements. Condensed Consolidating Statement of Cash Flows
| Year Ended December 31, 2013
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES | $ | 70 |  |  | $ | (441 | ) |  | $ | 2,124 |  |  | $ | — |  |  | $ | 1,753 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from investments | — |  |  | 8 |  |  | 85 |  |  | — |  |  | 93 |
Payments for investments | — |  |  | (15 | ) |  | — |  |  | — |  |  | (15 | )
Net sales of short-term investments - non-fiduciary | — |  |  | (74 | ) |  | (100 | ) |  | — |  |  | (174 | )
Acquisition of businesses, net of cash acquired | — |  |  | — |  |  | (54 | ) |  | — |  |  | (54 | )
Proceeds from sale of businesses | — |  |  | 7 |  |  | 33 |  |  | — |  |  | 40 |
Capital expenditures | — |  |  | — |  |  | (229 | ) |  | — |  |  | (229 | )
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES | — |  |  | (74 | ) |  | (265 | ) |  | — |  |  | (339 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Share repurchase | (1,102 | ) |  | — |  |  | — |  |  | — |  |  | (1,102 | )
Advances from (to) affiliates | 460 |  |  | 996 |  |  | (479 | ) |  | (977 | ) |  | — |
Issuance of shares for employee benefit plans | (22 | ) |  | — |  |  | — |  |  | — |  |  | (22 | )
Issuance of debt | 1,730 |  |  | 2,944 |  |  | 232 |  |  | — |  |  | 4,906 |
Repayment of debt | (1,055 | ) |  | (3,377 | ) |  | (247 | ) |  | — |  |  | (4,679 | )
Cash dividends to shareholders | (212 | ) |  | — |  |  | — |  |  | — |  |  | (212 | )
Noncontrolling interests and other financing activities |  |  |  | — |  |  | (27 | ) |  | — |  |  | (27 | )
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES | (201 | ) |  | 563 |  |  | (521 | ) |  | (977 | ) |  | (1,136 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (92 | ) |  | — |  |  | (92 | )
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (131 | ) |  | 48 |  |  | 1,246 |  |  | (977 | ) |  | 186 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 131 |  |  | 199 |  |  | — |  |  | (39 | ) |  | 291 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ | — |  |  | $ | 247 |  |  | $ | 1,246 |  |  | $ | (1,016 | ) |  | $ | 477 |

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