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Guarantee of Registered Securities (Tables) | 12 Months Ended
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Dec. 31, 2016
Guarantee of Registered Securities |
Condensed Consolidating Statement of Income | Condensed Consolidating Statement of Income
| Year Ended December 31, 2016
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |
Commissions, fees and other | $ | — |  |  | $ | — |  |  | $ | 11,605 |  |  | $ | — |  |  | $ | 11,605 |
Fiduciary investment income | — |  |  | — |  |  | 22 |  |  | — |  |  | 22 |
Total revenue | — |  |  | — |  |  | 11,627 |  |  | — |  |  | 11,627 |
Expenses |  |  |  |  |  |  |  |  |
Compensation and benefits | 130 |  |  | 171 |  |  | 6,613 |  |  | — |  |  | 6,914 |
Other general expenses | — |  |  | 2 |  |  | 2,805 |  |  | — |  |  | 2,807 |
Total operating expenses | 130 |  |  | 173 |  |  | 9,418 |  |  | — |  |  | 9,721 |
Operating (loss) income | (130 | ) |  | (173 | ) |  | 2,209 |  |  | — |  |  | 1,906 |
Interest income | — |  |  | 16 |  |  | 22 |  |  | (29 | ) |  | 9 |
Interest expense | (196 | ) |  | (101 | ) |  | (14 | ) |  | 29 |  |  | (282 | )
Intercompany interest income (expense) | 14 |  |  | (541 | ) |  | 527 |  |  | — |  |  | — |
Intercompany other income (expense) | 274 |  |  | (361 | ) |  | 87 |  |  | — |  |  | — |
Other income (expense) | 15 |  |  | (5 | ) |  | 44 |  |  | (18 | ) |  | 36 |
Income (loss) before taxes | (23 | ) |  | (1,165 | ) |  | 2,875 |  |  | (18 | ) |  | 1,669 |
Income tax expense (benefit) | (55 | ) |  | (325 | ) |  | 619 |  |  | — |  |  | 239 |
Income (loss) before equity in earnings of subsidiaries | 32 |  |  | (840 | ) |  | 2,256 |  |  | (18 | ) |  | 1,430 |
Equity in earnings of subsidiaries, net of tax | 1,382 |  |  | 1,219 |  |  | 379 |  |  | (2,980 | ) |  | — |
Net income | 1,414 |  |  | 379 |  |  | 2,635 |  |  | (2,998 | ) |  | 1,430 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Net income attributable to Aon shareholders | $ | 1,414 |  |  | $ | 379 |  |  | $ | 2,601 |  |  | $ | (2,998 | ) |  | $ | 1,396 |
Condensed 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 | — |  |  | 14 |  |  | 19 |  |  | (19 | ) |  | 14 |
Interest expense | (140 | ) |  | (130 | ) |  | (22 | ) |  | 19 |  |  | (273 | )
Intercompany interest income (expense) | 429 |  |  | (479 | ) |  | 50 |  |  | — |  |  | — |
Intercompany other income (expense) | 302 |  |  | (422 | ) |  | 120 |  |  | — |  |  | — |
Other income (expense) | (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 |  |  | 1,290 |  |  | 496 |  |  | (2,770 | ) |  | — |
Net income | 1,385 |  |  | 496 |  |  | 2,311 |  |  | (2,770 | ) |  | 1,422 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 37 |  |  | — |  |  | 37 |
Net income attributable to Aon shareholders | $ | 1,385 |  |  | $ | 496 |  |  | $ | 2,274 |  |  | $ | (2,770 | ) |  | $ | 1,385 |
Condensed Consolidating Statement of Income
| Year Ended December 31, 2014
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustment |  | 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 | — |  |  | 2 |  |  | 17 |  |  | (9 | ) |  | 10 |
Interest expense | (84 | ) |  | (139 | ) |  | (41 | ) |  | 9 |  |  | (255 | )
Intercompany interest (expense) income | 449 |  |  | (298 | ) |  | (151 | ) |  | — |  |  | — |
Intercompany other (expense) income | 342 |  |  | (390 | ) |  | 48 |  |  | — |  |  | — |
Other income | 2 |  |  | 5 |  |  | 37 |  |  | — |  |  | 44 |
Income (loss) before taxes | 566 |  |  | (841 | ) |  | 2,040 |  |  | — |  |  | 1,765 |
Income tax (benefit) expense | 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 |  |  | 1,195 |  |  | 546 |  |  | (2,646 | ) |  | — |
Net income | 1,397 |  |  | 546 |  |  | 2,134 |  |  | (2,646 | ) |  | 1,431 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Net income attributable to Aon shareholders | $ | 1,397 |  |  | $ | 546 |  |  | $ | 2,100 |  |  | $ | (2,646 | ) |  | $ | 1,397 |
Condensed Consolidating Statement of Comprehensive Income | Condensed Consolidating Statement of Comprehensive Income
| Year Ended December 31, 2016
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income | $ | 1,414 |  |  | $ | 379 |  |  | $ | 2,635 |  |  | $ | (2,998 | ) |  | $ | 1,430 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Net income attributable to Aon shareholders | $ | 1,414 |  |  | $ | 379 |  |  | $ | 2,601 |  |  | $ | (2,998 | ) |  | $ | 1,396 |
Other comprehensive (loss) income, net of tax: |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments | — |  |  | (1 | ) |  | (11 | ) |  | — |  |  | (12 | )
Foreign currency translation adjustments | (2 | ) |  | 21 |  |  | (532 | ) |  | 18 |  |  | (495 | )
Post-retirement benefit obligation | — |  |  | 68 |  |  | (52 | ) |  | — |  |  | 16 |
Total other comprehensive income (loss) | (2 | ) |  | 88 |  |  | (595 | ) |  | 18 |  |  | (491 | )
Equity in other comprehensive loss of subsidiaries, net of tax | (505 | ) |  | (547 | ) |  | (459 | ) |  | 1,511 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Total other comprehensive loss attributable to Aon shareholders | (507 | ) |  | (459 | ) |  | (1,052 | ) |  | 1,529 |  |  | (489 | )
Comprehensive income (loss) attributable to Aon shareholders | $ | 907 |  |  | $ | (80 | ) |  | $ | 1,549 |  |  | $ | (1,469 | ) |  | $ | 907 |
Condensed 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 |  |  | $ | 496 |  |  | $ | 2,311 |  |  | $ | (2,770 | ) |  | $ | 1,422 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 37 |  |  | — |  |  | 37 |
Net income attributable to Aon shareholders | $ | 1,385 |  |  | $ | 496 |  |  | $ | 2,274 |  |  | $ | (2,770 | ) |  | $ | 1,385 |
Other comprehensive income (loss), 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 | ) |  | (259 | ) |  | (294 | ) |  | 842 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Total other comprehensive loss attributable to Aon shareholders | (289 | ) |  | (294 | ) |  | (548 | ) |  | 842 |  |  | (289 | )
Comprehensive income attributable to Aon shareholders | $ | 1,096 |  |  | $ | 202 |  |  | $ | 1,726 |  |  | $ | (1,928 | ) |  | $ | 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 |  |  | $ | 546 |  |  | $ | 2,134 |  |  | $ | (2,646 | ) |  | $ | 1,431 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Net income attributable to Aon shareholders | $ | 1,397 |  |  | $ | 546 |  |  | $ | 2,100 |  |  | $ | (2,646 | ) |  | $ | 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 loss of subsidiaries, net of tax | (760 | ) |  | (409 | ) |  | (758 | ) |  | 1,927 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Total other comprehensive loss attributable to Aon shareholders | (760 | ) |  | (758 | ) |  | (1,169 | ) |  | 1,927 |  |  | (760 | )
Comprehensive income (loss) attributable to Aon shareholders | $ | 637 |  |  | $ | (212 | ) |  | $ | 931 |  |  | $ | (719 | ) |  | $ | 637 |
Condensed Consolidating Statement of Financial Position | Condensed Consolidating Statement of Financial Position
| As of December 31, 2016
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 1,633 |  |  | $ | 660 |  |  | $ | (1,862 | ) |  | $ | 431 |
Short-term investments | — |  |  | 140 |  |  | 150 |  |  | — |  |  | 290 |
Receivables, net | — |  |  | 3 |  |  | 2,586 |  |  | — |  |  | 2,589 |
Fiduciary assets | — |  |  | — |  |  | 9,485 |  |  | — |  |  | 9,485 |
Intercompany receivables | 105 |  |  | 1,880 |  |  | 9,825 |  |  | (11,810 | ) |  | — |
Other current assets | — |  |  | 25 |  |  | 326 |  |  | — |  |  | 351 |
Total Current Assets | 105 |  |  | 3,681 |  |  | 23,032 |  |  | (13,672 | ) |  | 13,146 |
Goodwill | — |  |  | — |  |  | 8,747 |  |  | — |  |  | 8,747 |
Intangible assets, net | — |  |  | — |  |  | 2,223 |  |  | — |  |  | 2,223 |
Fixed assets, net | — |  |  | — |  |  | 765 |  |  | — |  |  | 765 |
Deferred tax assets | 134 |  |  | 726 |  |  | 168 |  |  | (706 | ) |  | 322 |
Intercompany receivables | 366 |  |  | 261 |  |  | 8,711 |  |  | (9,338 | ) |  | — |
Prepaid Pension | — |  |  | 5 |  |  | 853 |  |  | — |  |  | 858 |
Other non-current assets | 2 |  |  | 119 |  |  | 433 |  |  | — |  |  | 554 |
Investment in subsidiary | 10,107 |  |  | 17,137 |  |  | (350 | ) |  | (26,894 | ) |  | — |
TOTAL ASSETS | $ | 10,714 |  |  | $ | 21,929 |  |  | $ | 44,582 |  |  | $ | (50,610 | ) |  | $ | 26,615 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 585 |  |  | $ | 44 |  |  | $ | 3,034 |  |  | $ | (1,862 | ) |  | $ | 1,801 |
Short-term debt and current portion of long-term debt | 279 |  |  | 50 |  |  | 7 |  |  | — |  |  | 336 |
Fiduciary Liabilities | — |  |  | — |  |  | 9,485 |  |  | — |  |  | 9,485 |
Intercompany payables | 142 |  |  | 10,399 |  |  | 1,269 |  |  | (11,810 | ) |  | — |
Other current liabilities | — |  |  | 63 |  |  | 810 |  |  | — |  |  | 873 |
Total Current Liabilities | 1,006 |  |  | 10,556 |  |  | 14,605 |  |  | (13,672 | ) |  | 12,495 |
Long-term debt | 4,177 |  |  | 1,413 |  |  | 279 |  |  | — |  |  | 5,869 |
Deferred tax liabilities | — |  |  | — |  |  | 759 |  |  | (658 | ) |  | 101 |
Pension, other post-retirement and other post-employment liabilities | — |  |  | 1,356 |  |  | 418 |  |  | — |  |  | 1,774 |
Intercompany payables | — |  |  | 8,877 |  |  | 461 |  |  | (9,338 | ) |  | — |
Other non-current liabilities | 8 |  |  | 77 |  |  | 759 |  |  | — |  |  | 844 |
TOTAL LIABILITIES | 5,191 |  |  | 22,279 |  |  | 17,281 |  |  | (23,668 | ) |  | 21,083 |
TOTAL AON SHAREHOLDERS’ EQUITY | 5,523 |  |  | (350 | ) |  | 27,244 |  |  | (26,942 | ) |  | 5,475 |
Noncontrolling interests | — |  |  | — |  |  | 57 |  |  | — |  |  | 57 |
TOTAL EQUITY | 5,523 |  |  | (350 | ) |  | 27,301 |  |  | (26,942 | ) |  | 5,532 |
TOTAL LIABILITIES AND EQUITY | $ | 10,714 |  |  | $ | 21,929 |  |  | $ | 44,582 |  |  | $ | (50,610 | ) |  | $ | 26,615 |
Condensed 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 |  |  | — |  |  | 2,563 |  |  | — |  |  | 2,564 |
Fiduciary assets | — |  |  | — |  |  | 9,932 |  |  | — |  |  | 9,932 |
Intercompany receivables | 432 |  |  | 1,950 |  |  | 7,957 |  |  | (10,339 | ) |  | — |
Other current assets | — |  |  | 19 |  |  | 310 |  |  | — |  |  | 329 |
Total Current Assets | 433 |  |  | 4,261 |  |  | 22,151 |  |  | (13,280 | ) |  | 13,565 |
Goodwill | — |  |  | — |  |  | 8,448 |  |  | — |  |  | 8,448 |
Intangible assets, net | — |  |  | — |  |  | 2,180 |  |  | — |  |  | 2,180 |
Fixed assets, net | — |  |  | — |  |  | 765 |  |  | — |  |  | 765 |
Deferred tax assets | 154 |  |  | 756 |  |  | 207 |  |  | (817 | ) |  | 300 |
Intercompany receivables | 375 |  |  | 526 |  |  | 8,633 |  |  | (9,534 | ) |  | — |
Prepaid Pension | — |  |  | 6 |  |  | 1,027 |  |  | — |  |  | 1,033 |
Other non-current assets | — |  |  | 119 |  |  | 557 |  |  | (84 | ) |  | 592 |
Investment in subsidiary | 11,700 |  |  | 16,042 |  |  | (123 | ) |  | (27,619 | ) |  | — |
TOTAL ASSETS | $ | 12,662 |  |  | $ | 21,710 |  |  | $ | 43,845 |  |  | $ | (51,334 | ) |  | $ | 26,883 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 2,988 |  |  | $ | 45 |  |  | $ | 1,680 |  |  | $ | (2,941 | ) |  | $ | 1,772 |
Short-term debt and current portion of long-term debt | — |  |  | 550 |  |  | 12 |  |  | — |  |  | 562 |
Fiduciary Liabilities | — |  |  | — |  |  | 9,932 |  |  | — |  |  | 9,932 |
Intercompany payables | 167 |  |  | 9,518 |  |  | 654 |  |  | (10,339 | ) |  | — |
Other current liabilities | 47 |  |  | 56 |  |  | 716 |  |  | — |  |  | 819 |
Total Current Liabilities | 3,202 |  |  | 10,169 |  |  | 12,994 |  |  | (13,280 | ) |  | 13,085 |
Long-term debt | 3,451 |  |  | 1,412 |  |  | 275 |  |  | — |  |  | 5,138 |
Deferred tax liabilities | — |  |  | — |  |  | 855 |  |  | (818 | ) |  | 37 |
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 | 6,660 |  |  | 21,833 |  |  | 16,046 |  |  | (23,715 | ) |  | 20,824 |
TOTAL AON SHAREHOLDERS’ EQUITY | 6,002 |  |  | (123 | ) |  | 27,742 |  |  | (27,619 | ) |  | 6,002 |
Noncontrolling interests | — |  |  | — |  |  | 57 |  |  | — |  |  | 57 |
TOTAL EQUITY | 6,002 |  |  | (123 | ) |  | 27,799 |  |  | (27,619 | ) |  | 6,059 |
TOTAL LIABILITIES AND EQUITY | $ | 12,662 |  |  | $ | 21,710 |  |  | $ | 43,845 |  |  | $ | (51,334 | ) |  | $ | 26,883 |
Condensed Consolidating Statement of Cash Flows | Condensed Consolidating Statement of Cash Flows
| Year Ended December 31, 2016
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES | $ | 2,705 |  |  | $ | (536 | ) |  | $ | 3,265 |  |  | $ | (3,108 | ) |  | $ | 2,326 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from investments | — |  |  | 316 |  |  | 15 |  |  | (288 | ) |  | 43 |
Payments for investments | — |  |  | (35 | ) |  | (29 | ) |  | — |  |  | (64 | )
Net (purchases) sales of short-term investments - non-fiduciary | — |  |  | 70 |  |  | (9 | ) |  | — |  |  | 61 |
Acquisition of businesses, net of cash acquired | — |  |  | (335 | ) |  | (608 | ) |  | 64 |  |  | (879 | )
Proceeds from sale of businesses | — |  |  | — |  |  | 171 |  |  | (64 | ) |  | 107 |
Capital expenditures | — |  |  | — |  |  | (222 | ) |  | — |  |  | (222 | )
CASH USED FOR INVESTING ACTIVITIES | — |  |  | 16 |  |  | (682 | ) |  | (288 | ) |  | (954 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Share repurchase | (1,257 | ) |  | — |  |  | — |  |  | — |  |  | (1,257 | )
Advances from (to) affiliates and other (1) | (2,008 | ) |  | 570 |  |  | (3,037 | ) |  | 4,475 |  |  | — |
Issuance of shares for employee benefit plans | (129 | ) |  | — |  |  | — |  |  | — |  |  | (129 | )
Issuance of debt | 1,879 |  |  | 1,588 |  |  | — |  |  | — |  |  | 3,467 |
Repayment of debt | (845 | ) |  | (2,088 | ) |  | (12 | ) |  | — |  |  | (2,945 | )
Cash dividends to shareholders | (345 | ) |  | — |  |  | — |  |  | — |  |  | (345 | )
Noncontrolling interests and other financing activities |  |  |  | — |  |  | (77 | ) |  | — |  |  | (77 | )
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES | (2,705 | ) |  | 70 |  |  | (3,126 | ) |  | 4,475 |  |  | (1,286 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (39 | ) |  | — |  |  | (39 | )
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | — |  |  | (450 | ) |  | (582 | ) |  | 1,079 |  |  | 47 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | — |  |  | 2,083 |  |  | 1,242 |  |  | (2,941 | ) |  | 384 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ | — |  |  | $ | 1,633 |  |  | $ | 660 |  |  | $ | (1,862 | ) |  | $ | 431 |
(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, 2015
(millions) | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
CASH PROVIDED BY 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 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 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 FINANCING ACTIVITIES | (682 | ) |  | (1,046 | ) |  | (2,394 | ) |  | 2,433 |  |  | (1,689 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (172 | ) |  | — |  |  | (172 | )
NET (DECREASE) INCREASE 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 sales 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 PROVIDED BY (USED FOR) INVESTING ACTIVITIES | — |  |  | 16 |  |  | (561 | ) |  | — |  |  | (545 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Share repurchase | (2,250 | ) |  | — |  |  | — |  |  | — |  |  | (2,250 | )
Advances from (to) affiliates | 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 PROVIDED BY (USED FOR) FINANCING ACTIVITIES | (769 | ) |  | 3,391 |  |  | (1,227 | ) |  | (2,698 | ) |  | (1,303 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (67 | ) |  | — |  |  | (67 | )
NET INCREASE (DECREASE) 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 |

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