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Acquisitions and Dispositions of Businesses | 3 Months Ended
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Mar. 31, 2017
Business Combinations [Abstract] |
Acquisitions and Dispositions of Businesses | Acquisitions and Dispositions of Businesses Acquisitions The Company completed two acquisitions during the three months ended March 31, 2017 and eight acquisitions during the twelve months ended December 31, 2016. 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):
|  | March 31, 2017 |  | December 31, 2016
Cash |  | $ | 47 |  |  | $ | 891 |
Deferred and contingent consideration |  | 5 |  |  | 43 |
Aggregate consideration transferred |  | 52 |  |  | 934 |
Assets acquired: |  |  |  |
Cash and cash equivalents |  | 1 |  |  | 12 |
Receivables, net |  | 2 |  |  | 52 |
Goodwill |  | 33 |  |  | 642 |
Intangible assets, net |  | 23 |  |  | 366 |
Fixed assets, net |  | 1 |  |  | 30 |
Other assets |  | 1 |  |  | 2 |
Total assets acquired |  | 61 |  |  | 1,104 |
Liabilities assumed: |  |  |  |
Current liabilities |  | 3 |  |  | 163 |
Other liabilities |  | 6 |  |  | 7 |
Total liabilities assumed |  | 9 |  |  | 170 |
Net assets acquired |  | $ | 52 |  |  | $ | 934 |
The results of operations of these acquisitions are included in the Condensed Consolidated Financial Statements as of the respective acquisition dates. The results of operations of the Company would not have been materially different if these acquisitions had been reported from the beginning of the period in which they were acquired. 2017 Acquisitions On March 3, 2017, the Company completed the transaction to acquire Finaccord Limited, a market research, publishing and consulting company based in the United Kingdom. On January 19, 2017, the Company completed the transaction to acquire VERO Management AG, an insurance broker and risk advisor based in Austria. 2016 Acquisitions On December 26, 2016, the Company completed the transaction to acquire Admix, a leading health and benefits brokerage and solutions firm based in Brazil. On November 11, 2016 the Company completed the transaction to acquire CoCubes, a leading hiring assessment company based in India. On October 31, 2016, the Company completed the transaction to acquire Stroz, Friedberg, Inc., a leading global cyber risk management firm based in New York City, with offices across the U.S. and in London, Zurich, Dubai and Hong Kong. On August 19, 2016, the Company completed the transaction to acquire Cammack Health LLC, a leading health and benefits consulting firm that serves large health care organizations in the Eastern region of the U.S., including health plans, health systems and employers. On June 1, 2016, the Company completed the transaction to acquire Univers Workplace Solutions, a leading elective benefit enrollment and communication services firm based in New Jersey. On April 11, 2016, the Company completed the transaction to acquire Nexus Insurance Brokers Limited and Bayfair Insurance Centre Limited, insurance brokerage firms located in New Zealand. On February 1, 2016, the Company completed the transaction to acquire Modern Survey, an employee survey and talent analytics solutions provider based in Minneapolis. On January 1, 2016, the Company completed the transaction to acquire Globe Events Management, an insurance, retirement, and investment consulting business company based in Australia. Dispositions The Company completed three dispositions during the three months ended March 31, 2017 and two dispositions during the three months ended March 31, 2016. Total pretax losses recognized, net of gains, were $2 million and total pretax gains recognized, net of losses, were $35 million, respectively, for the three months ended March 31, 2017 and 2016. Gains and losses recognized as a result of a disposition are included in Other income (expense) in the Condensed Consolidated Statements of Income. Subsequent Events On May 1, 2017, Aon completed its sale of its benefits administration and business process outsourcing business. Refer to Note 3 “Discontinued Operations” for further information.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References No definition available. + Details
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