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Guarantee of Registered Securities (Tables) | 6 Months Ended
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Jun. 30, 2017
Guarantee of Registered Securities [Abstract] |
Condensed Consolidating Statements of Income | Condensed Consolidating Statement of Income
|  | Three months ended June 30, 2017
|  |  |  |  |  | Other |  |  |  |
|  | Aon |  | Aon |  | Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 2,368 |  |  | $ | — |  |  | $ | 2,368 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 8 |  |  | 5 |  |  | 1,444 |  |  | — |  |  | 1,457 |
Information technology |  | — |  |  | — |  |  | 98 |  |  | — |  |  | 98 |
Premises |  | — |  |  | — |  |  | 86 |  |  | — |  |  | 86 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 54 |  |  | — |  |  | 54 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 460 |  |  | — |  |  | 460 |
Other general expenses (income) |  | 4 |  |  | (6 | ) |  | 333 |  |  | — |  |  | 331 |
Total operating expenses (income) |  | 12 |  |  | (1 | ) |  | 2,475 |  |  | — |  |  | 2,486 |
Operating income (loss) |  | (12 | ) |  | 1 |  |  | (107 | ) |  | — |  |  | (118 | )
Interest income |  | — |  |  | 11 |  |  | 2 |  |  | (5 | ) |  | 8 |
Interest expense |  | (46 | ) |  | (23 | ) |  | (7 | ) |  | 5 |  |  | (71 | )
Intercompany interest income (expense) |  | 4 |  |  | (136 | ) |  | 132 |  |  | — |  |  | — |
Intercompany other income (expense) |  | (53 | ) |  | (16 | ) |  | 69 |  |  | — |  |  | — |
Other income (expense) |  | (12 | ) |  | (4 | ) |  | 1 |  |  | 10 |  |  | (5 | )
Income from continuing operations before income taxes |  | (119 | ) |  | (167 | ) |  | 90 |  |  | 10 |  |  | (186 | )
Income tax benefit |  | (8 | ) |  | (63 | ) |  | (72 | ) |  | — |  |  | (143 | )
Net income (loss) from continuing operations |  | (111 | ) |  | (104 | ) |  | 162 |  |  | 10 |  |  | (43 | )
Income from discontinued operations, net of tax |  | — |  |  | — |  |  | 821 |  |  | — |  |  | 821 |
net income (loss) before equity in earnings of subsidiaries |  | (111 | ) |  | (104 | ) |  | 983 |  |  | 10 |  |  | 778 |
Equity in earnings of subsidiaries, net of tax |  | 870 |  |  | 635 |  |  | 531 |  |  | (2,036 | ) |  | — |
Net income |  | 759 |  |  | 531 |  |  | 1,514 |  |  | (2,026 | ) |  | 778 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Net income attributable to Aon shareholders |  | $ | 759 |  |  | $ | 531 |  |  | $ | 1,505 |  |  | $ | (2,026 | ) |  | $ | 769 |
Condensed Consolidating Statement of Income
|  | Three months ended June 30, 2016
|  |  |  |  |  | Other |  |  |  |
|  | Aon |  | Aon |  | Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 2,282 |  |  | $ | — |  |  | $ | 2,282 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 8 |  |  | 3 |  |  | 1,385 |  |  | — |  |  | 1,396 |
Information technology |  | — |  |  | — |  |  | 99 |  |  | — |  |  | 99 |
Premises |  | — |  |  | — |  |  | 89 |  |  | — |  |  | 89 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 41 |  |  | — |  |  | 41 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 38 |  |  | — |  |  | 38 |
Other general expenses (income) |  | (1 | ) |  | 2 |  |  | 231 |  |  | — |  |  | 232 |
Total operating expenses |  | 7 |  |  | 5 |  |  | 1,883 |  |  | — |  |  | 1,895 |
Operating income (loss) |  | (7 | ) |  | (5 | ) |  | 399 |  |  | — |  |  | 387 |
Interest income |  | — |  |  | 4 |  |  | 5 |  |  | (6 | ) |  | 3 |
Interest expense |  | (49 | ) |  | (26 | ) |  | (4 | ) |  | 6 |  |  | (73 | )
Intercompany interest income (expense) |  | 3 |  |  | (137 | ) |  | 134 |  |  | — |  |  | — |
Intercompany other income (expense) |  | (57 | ) |  | (16 | ) |  | 73 |  |  | — |  |  | — |
Other income (expense) |  | 2 |  |  | (4 | ) |  | 5 |  |  | (4 | ) |  | (1 | )
Income (loss) from continuing operations before income taxes |  | (108 | ) |  | (184 | ) |  | 612 |  |  | (4 | ) |  | 316 |
Income tax expense (benefit) |  | (20 | ) |  | (64 | ) |  | 127 |  |  | — |  |  | 43 |
Net income (loss) from continuing operations |  | (88 | ) |  | (120 | ) |  | 485 |  |  | (4 | ) |  | 273 |
Income from discontinued operations, net of tax |  | — |  |  | — |  |  | 35 |  |  | — |  |  | 35 |
Net income (loss) before equity in earnings of subsidiaries |  | (88 | ) |  | (120 | ) |  | 520 |  |  | (4 | ) |  | 308 |
Equity in earnings of subsidiaries, net of tax |  | 392 |  |  | 255 |  |  | 135 |  |  | (782 | ) |  | — |
Net income |  | 304 |  |  | 135 |  |  | 655 |  |  | (786 | ) |  | 308 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Net income attributable to Aon shareholders |  | $ | 304 |  |  | $ | 135 |  |  | $ | 647 |  |  | $ | (786 | ) |  | $ | 300 |
Condensed Consolidating Statement of Income
|  | Six months ended June 30, 2017
|  |  |  |  |  | Other |  |  |  |
|  | Aon |  | Aon |  | Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 4,749 |  |  | $ | — |  |  | $ | 4,749 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 60 |  |  | 11 |  |  | 2,847 |  |  | — |  |  | 2,918 |
Information technology |  | — |  |  | — |  |  | 186 |  |  | — |  |  | 186 |
Premises |  | — |  |  | — |  |  | 170 |  |  | — |  |  | 170 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 108 |  |  | — |  |  | 108 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 503 |  |  | — |  |  | 503 |
Other general expenses (income) |  | 9 |  |  | (4 | ) |  | 634 |  |  | — |  |  | 639 |
Total operating expenses |  | 69 |  |  | 7 |  |  | 4,448 |  |  | — |  |  | 4,524 |
Operating income (loss) |  | (69 | ) |  | (7 | ) |  | 301 |  |  | — |  |  | 225 |
Interest income |  | — |  |  | 17 |  |  | — |  |  | (7 | ) |  | 10 |
Interest expense |  | (91 | ) |  | (47 | ) |  | (10 | ) |  | 7 |  |  | (141 | )
Intercompany interest income (expense) |  | 7 |  |  | (272 | ) |  | 265 |  |  | — |  |  | — |
Intercompany other income (expense) |  | (102 | ) |  | (9 | ) |  | 111 |  |  | — |  |  | — |
Other income (expense) |  | (23 | ) |  | 8 |  |  | (18 | ) |  | 18 |  |  | (15 | )
Income (loss) from continuing operations before income taxes |  | (278 | ) |  | (310 | ) |  | 649 |  |  | 18 |  |  | 79 |
Income tax benefit |  | (22 | ) |  | (117 | ) |  | (4 | ) |  | — |  |  | (143 | )
Net income (loss) from continuing operations |  | (256 | ) |  | (193 | ) |  | 653 |  |  | 18 |  |  | 222 |
Income from discontinued operations, net of tax |  | — |  |  | — |  |  | 861 |  |  | — |  |  | 861 |
Net income (loss) before equity in earnings of subsidiaries |  | (256 | ) |  | (193 | ) |  | 1,514 |  |  | 18 |  |  | 1,083 |
Equity in earnings of subsidiaries, net of tax |  | 1,298 |  |  | 906 |  |  | 713 |  |  | (2,917 | ) |  | — |
Net income |  | 1,042 |  |  | 713 |  |  | 2,227 |  |  | (2,899 | ) |  | 1,083 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 23 |  |  | — |  |  | 23 |
Net income attributable to Aon shareholders |  | $ | 1,042 |  |  | $ | 713 |  |  | $ | 2,204 |  |  | $ | (2,899 | ) |  | $ | 1,060 |
Condensed Consolidating Statement of Income
|  | Six months ended June 30, 2016
|  |  |  |  |  | Other |  |  |  |
|  | Aon |  | Aon |  | Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 4,558 |  |  | $ | — |  |  | $ | 4,558 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 51 |  |  | 6 |  |  | 2,684 |  |  | — |  |  | 2,741 |
Information technology |  | — |  |  | — |  |  | 182 |  |  | — |  |  | 182 |
Premises |  | — |  |  | — |  |  | 171 |  |  | — |  |  | 171 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 79 |  |  | — |  |  | 79 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 75 |  |  | — |  |  | 75 |
Other general expenses |  | 6 |  |  | 4 |  |  | 493 |  |  | — |  |  | 503 |
Total operating expenses |  | 57 |  |  | 10 |  |  | 3,684 |  |  | — |  |  | 3,751 |
Operating income (loss) |  | (57 | ) |  | (10 | ) |  | 874 |  |  | — |  |  | 807 |
Interest income |  | — |  |  | 9 |  |  | 9 |  |  | (13 | ) |  | 5 |
Interest expense |  | (94 | ) |  | (54 | ) |  | (7 | ) |  | 13 |  |  | (142 | )
Intercompany interest income (expense) |  | 7 |  |  | (270 | ) |  | 263 |  |  | — |  |  | — |
Intercompany other income (expense) |  | (111 | ) |  | (15 | ) |  | 126 |  |  | — |  |  | — |
Other income (expense) |  | 2 |  |  | (9 | ) |  | 28 |  |  | (4 | ) |  | 17 |
Income (loss) from continuing operations before income taxes |  | (253 | ) |  | (349 | ) |  | 1,293 |  |  | (4 | ) |  | 687 |
Income tax expense (benefit) |  | (46 | ) |  | (126 | ) |  | 274 |  |  | — |  |  | 102 |
Net income (loss) from continuing operations |  | (207 | ) |  | (223 | ) |  | 1,019 |  |  | (4 | ) |  | 585 |
Income from discontinued operations, net of tax |  | — |  |  | — |  |  | 60 |  |  | — |  |  | 60 |
Net income (loss) before equity in earnings of subsidiaries |  | (207 | ) |  | (223 | ) |  | 1,079 |  |  | (4 | ) |  | 645 |
Equity in earnings of subsidiaries, net of tax |  | 836 |  |  | 611 |  |  | 388 |  |  | (1,835 | ) |  | — |
Net income |  | 629 |  |  | 388 |  |  | 1,467 |  |  | (1,839 | ) |  | 645 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Net income attributable to Aon shareholders |  | $ | 629 |  |  | $ | 388 |  |  | $ | 1,447 |  |  | $ | (1,839 | ) |  | $ | 625 |
Condensed Consolidating Statements of Comprehensive Income | Condensed Consolidating Statement of Comprehensive Income
|  | Three months ended June 30, 2017
|  |  |  |  |  | Other |  |  |  |
|  | Aon |  | Aon |  | Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
Net income |  | $ | 759 |  |  | $ | 531 |  |  | $ | 1,514 |  |  | $ | (2,026 | ) |  | $ | 778 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Net income attributable to Aon shareholders |  | 759 |  |  | 531 |  |  | 1,505 |  |  | (2,026 | ) |  | 769 |
Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | 2 |  |  | 2 |  |  | — |  |  | 4 |
Foreign currency translation adjustments |  | — |  |  | — |  |  | 54 |  |  | (10 | ) |  | 44 |
Post-retirement benefit obligation |  | — |  |  | 8 |  |  | 12 |  |  | — |  |  | 20 |
Total other comprehensive income |  | — |  |  | 10 |  |  | 68 |  |  | (10 | ) |  | 68 |
Equity in other comprehensive income of subsidiaries, net of tax |  | 83 |  |  | 71 |  |  | 81 |  |  | (235 | ) |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Total other comprehensive income attributable to Aon shareholders |  | 83 |  |  | 81 |  |  | 154 |  |  | (245 | ) |  | 73 |
Comprehensive income attributable to Aon shareholders |  | $ | 842 |  |  | $ | 612 |  |  | $ | 1,659 |  |  | $ | (2,271 | ) |  | $ | 842 |
Condensed Consolidating Statement of Comprehensive Income
|  | Three months ended June 30, 2016
|  |  |  |  |  | Other |  |  |  |
|  | Aon |  | Aon |  | Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
Net income |  | $ | 304 |  |  | $ | 135 |  |  | $ | 655 |  |  | $ | (786 | ) |  | $ | 308 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Net income attributable to Aon shareholders |  | 304 |  |  | 135 |  |  | 647 |  |  | (786 | ) |  | 300 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | 2 |  |  | (6 | ) |  | — |  |  | (4 | )
Foreign currency translation adjustments |  | (2 | ) |  | 10 |  |  | (71 | ) |  | 4 |  |  | (59 | )
Post-retirement benefit obligation |  | — |  |  | 3 |  |  | 48 |  |  | — |  |  | 51 |
Total other comprehensive income (loss) |  | (2 | ) |  | 15 |  |  | (29 | ) |  | 4 |  |  | (12 | )
Equity in other comprehensive loss of subsidiaries, net of tax |  | (14 | ) |  | (28 | ) |  | (13 | ) |  | 55 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total other comprehensive loss attributable to Aon shareholders |  | (16 | ) |  | (13 | ) |  | (42 | ) |  | 59 |  |  | (12 | )
Comprehensive income attributable to Aon Shareholders |  | $ | 288 |  |  | $ | 122 |  |  | $ | 605 |  |  | $ | (727 | ) |  | $ | 288 |
Condensed Consolidating Statement of Comprehensive Income
|  | Six months ended June 30, 2017
|  |  |  |  |  | Other |  |  |  |
|  | Aon |  | Aon |  | Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
Net income |  | $ | 1,042 |  |  | $ | 713 |  |  | $ | 2,227 |  |  | $ | (2,899 | ) |  | $ | 1,083 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 23 |  |  | — |  |  | 23 |
Net income attributable to Aon shareholders |  | 1,042 |  |  | 713 |  |  | 2,204 |  |  | (2,899 | ) |  | 1,060 |
Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Foreign currency translation adjustments |  | — |  |  | — |  |  | 209 |  |  | (18 | ) |  | 191 |
Post-retirement benefit obligation |  | — |  |  | 16 |  |  | 22 |  |  | — |  |  | 38 |
Total other comprehensive income |  | — |  |  | 16 |  |  | 233 |  |  | (18 | ) |  | 231 |
Equity in other comprehensive income of subsidiaries, net of tax |  | 253 |  |  | 235 |  |  | 251 |  |  | (739 | ) |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Total other comprehensive income attributable to Aon shareholders |  | 253 |  |  | 251 |  |  | 488 |  |  | (757 | ) |  | 235 |
Comprehensive income attributable to Aon shareholders |  | $ | 1,295 |  |  | $ | 964 |  |  | $ | 2,692 |  |  | $ | (3,656 | ) |  | $ | 1,295 |
Condensed Consolidating Statement of Comprehensive Income
|  | Six months ended June 30, 2016
|  |  |  |  |  | Other |  |  |  |
|  | Aon |  | Aon |  | Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
Net income |  | $ | 629 |  |  | $ | 388 |  |  | $ | 1,467 |  |  | $ | (1,839 | ) |  | $ | 645 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Net income attributable to Aon shareholders |  | 629 |  |  | 388 |  |  | 1,447 |  |  | (1,839 | ) |  | 625 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | — |  |  | (11 | ) |  | — |  |  | (11 | )
Foreign currency translation adjustments |  | (2 | ) |  | 21 |  |  | (161 | ) |  | 4 |  |  | (138 | )
Post-retirement benefit obligation |  | — |  |  | 16 |  |  | (166 | ) |  | — |  |  | (150 | )
Total other comprehensive income (loss) |  | (2 | ) |  | 37 |  |  | (338 | ) |  | 4 |  |  | (299 | )
Equity in other comprehensive loss of subsidiaries, net of tax |  | (301 | ) |  | (342 | ) |  | (305 | ) |  | 948 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total other comprehensive loss attributable to Aon shareholders |  | (303 | ) |  | (305 | ) |  | (643 | ) |  | 952 |  |  | (299 | )
Comprehensive income (loss) attributable to Aon Shareholders |  | $ | 326 |  |  | $ | 83 |  |  | $ | 804 |  |  | $ | (887 | ) |  | $ | 326 |
Condensed Consolidating Statements of Financial Position | Condensed Consolidating Statement of Financial Position
|  | As of June 30, 2017
|  |  |  |  |  | Other |  |  |  |
|  | Aon |  | Aon |  | Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 2,675 |  |  | $ | 801 |  |  | $ | (2,792 | ) |  | $ | 684 |
Short-term investments |  | — |  |  | 2,580 |  |  | 166 |  |  | — |  |  | 2,746 |
Receivables, net |  | — |  |  | 4 |  |  | 2,187 |  |  | — |  |  | 2,191 |
Fiduciary assets |  | — |  |  | — |  |  | 9,582 |  |  | — |  |  | 9,582 |
Intercompany receivables |  | 106 |  |  | 4,176 |  |  | 12,476 |  |  | (16,758 | ) |  | — |
Other current assets |  | — |  |  | 37 |  |  | 362 |  |  | — |  |  | 399 |
Current assets of discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Current Assets |  | 106 |  |  | 9,472 |  |  | 25,574 |  |  | (19,550 | ) |  | 15,602 |
Goodwill |  | — |  |  | — |  |  | 7,745 |  |  | — |  |  | 7,745 |
Intangible assets, net |  | — |  |  | — |  |  | 1,402 |  |  | — |  |  | 1,402 |
Fixed assets, net |  | — |  |  | — |  |  | 556 |  |  | — |  |  | 556 |
Deferred tax assets |  | 134 |  |  | 676 |  |  | 169 |  |  | (404 | ) |  | 575 |
Intercompany receivables |  | 380 |  |  | 261 |  |  | 8,729 |  |  | (9,370 | ) |  | — |
Prepaid pension |  | — |  |  | 5 |  |  | 936 |  |  | — |  |  | 941 |
Other non-current assets |  | 2 |  |  | 121 |  |  | 245 |  |  | — |  |  | 368 |
Investment in subsidiary |  | 11,677 |  |  | 16,596 |  |  | 532 |  |  | (28,805 | ) |  | — |
Non-current assets of discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
TOTAL ASSETS |  | $ | 12,299 |  |  | $ | 27,131 |  |  | $ | 45,888 |  |  | $ | (58,129 | ) |  | $ | 27,189 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 2,336 |  |  | $ | 38 |  |  | $ | 1,841 |  |  | $ | (2,792 | ) |  | $ | 1,423 |
Short-term debt and current portion of long-term debt |  | — |  |  | 2 |  |  | 290 |  |  | — |  |  | 292 |
Fiduciary liabilities |  | — |  |  | — |  |  | 9,582 |  |  | — |  |  | 9,582 |
Intercompany payables |  | 186 |  |  | 14,770 |  |  | 1,802 |  |  | (16,758 | ) |  | — |
Other current liabilities |  | 60 |  |  | 54 |  |  | 1,964 |  |  | — |  |  | 2,078 |
Current liabilities of discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Current Liabilities |  | 2,582 |  |  | 14,864 |  |  | 15,479 |  |  | (19,550 | ) |  | 13,375 |
Long-term debt |  | 4,216 |  |  | 1,414 |  |  | 1 |  |  | — |  |  | 5,631 |
Deferred tax liabilities |  | — |  |  | — |  |  | 488 |  |  | (404 | ) |  | 84 |
Pension, other post-retirement and other post-employment liabilities |  | — |  |  | 1,307 |  |  | 381 |  |  | — |  |  | 1,688 |
Intercompany payables |  | — |  |  | 8,895 |  |  | 475 |  |  | (9,370 | ) |  | — |
Other non-current liabilities |  | 14 |  |  | 119 |  |  | 725 |  |  | — |  |  | 858 |
Non-current liabilities of discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
TOTAL LIABILITIES |  | 6,812 |  |  | 26,599 |  |  | 17,549 |  |  | (29,324 | ) |  | 21,636 |
TOTAL AON SHAREHOLDERS’ EQUITY |  | 5,487 |  |  | 532 |  |  | 28,273 |  |  | (28,805 | ) |  | 5,487 |
Noncontrolling interests |  | — |  |  | — |  |  | 66 |  |  | — |  |  | 66 |
TOTAL EQUITY |  | 5,487 |  |  | 532 |  |  | 28,339 |  |  | (28,805 | ) |  | 5,553 |
TOTAL LIABILITIES AND EQUITY |  | $ | 12,299 |  |  | $ | 27,131 |  |  | $ | 45,888 |  |  | $ | (58,129 | ) |  | $ | 27,189 |
Condensed Consolidating Statement of Financial Position
|  | As of December 31, 2016
|  |  |  |  |  | Other |  |  |  |
|  | Aon |  | Aon |  | Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 1,633 |  |  | $ | 655 |  |  | $ | (1,862 | ) |  | $ | 426 |
Short-term investments |  | — |  |  | 140 |  |  | 150 |  |  | — |  |  | 290 |
Receivables, net |  | — |  |  | 3 |  |  | 2,103 |  |  | — |  |  | 2,106 |
Fiduciary assets |  | — |  |  | — |  |  | 8,959 |  |  | — |  |  | 8,959 |
Intercompany receivables |  | 105 |  |  | 1,880 |  |  | 9,825 |  |  | (11,810 | ) |  | — |
Other current assets |  | — |  |  | 25 |  |  | 222 |  |  | — |  |  | 247 |
Current assets of discontinued operations |  | — |  |  | — |  |  | 1,118 |  |  | — |  |  | 1,118 |
Total Current Assets |  | 105 |  |  | 3,681 |  |  | 23,032 |  |  | (13,672 | ) |  | 13,146 |
Goodwill |  | — |  |  | — |  |  | 7,410 |  |  | — |  |  | 7,410 |
Intangible assets, net |  | — |  |  | — |  |  | 1,890 |  |  | — |  |  | 1,890 |
Fixed assets, net |  | — |  |  | — |  |  | 550 |  |  | — |  |  | 550 |
Deferred tax assets |  | 134 |  |  | 726 |  |  | 171 |  |  | (706 | ) |  | 325 |
Intercompany receivables |  | 366 |  |  | 261 |  |  | 8,711 |  |  | (9,338 | ) |  | — |
Prepaid pension |  | — |  |  | 5 |  |  | 853 |  |  | — |  |  | 858 |
Other non-current assets |  | 2 |  |  | 119 |  |  | 239 |  |  | — |  |  | 360 |
Investment in subsidiary |  | 10,107 |  |  | 17,131 |  |  | (356 | ) |  | (26,882 | ) |  | — |
Non-current assets of discontinued operations |  | — |  |  | — |  |  | 2,076 |  |  | — |  |  | 2,076 |
TOTAL ASSETS |  | $ | 10,714 |  |  | $ | 21,923 |  |  | $ | 44,576 |  |  | $ | (50,598 | ) |  | $ | 26,615 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 585 |  |  | $ | 44 |  |  | $ | 2,837 |  |  | $ | (1,862 | ) |  | $ | 1,604 |
Short-term debt and current portion of long-term debt |  | 279 |  |  | 50 |  |  | 7 |  |  | — |  |  | 336 |
Fiduciary liabilities |  | — |  |  | — |  |  | 8,959 |  |  | — |  |  | 8,959 |
Intercompany payables |  | 142 |  |  | 10,399 |  |  | 1,269 |  |  | (11,810 | ) |  | — |
Other current liabilities |  | — |  |  | 63 |  |  | 593 |  |  | — |  |  | 656 |
Current liabilities of discontinued operations |  | — |  |  | — |  |  | 940 |  |  | — |  |  | 940 |
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 |  |  | 404 |  |  | — |  |  | 1,760 |
Intercompany payables |  | — |  |  | 8,877 |  |  | 461 |  |  | (9,338 | ) |  | — |
Other non-current liabilities |  | 8 |  |  | 77 |  |  | 634 |  |  | — |  |  | 719 |
Non-current liabilities of discontinued operations |  | — |  |  | — |  |  | 139 |  |  | — |  |  | 139 |
TOTAL LIABILITIES |  | 5,191 |  |  | 22,279 |  |  | 17,281 |  |  | (23,668 | ) |  | 21,083 |
TOTAL AON SHAREHOLDERS’ EQUITY |  | 5,523 |  |  | (356 | ) |  | 27,238 |  |  | (26,930 | ) |  | 5,475 |
Noncontrolling interests |  | — |  |  | — |  |  | 57 |  |  | — |  |  | 57 |
TOTAL EQUITY |  | 5,523 |  |  | (356 | ) |  | 27,295 |  |  | (26,930 | ) |  | 5,532 |
TOTAL LIABILITIES AND EQUITY |  | $ | 10,714 |  |  | $ | 21,923 |  |  | $ | 44,576 |  |  | $ | (50,598 | ) |  | $ | 26,615 |
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statement of Cash Flows
|  | Six months ended June 30, 2017
|  | Aon |  | Aon |  | Other Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash provided by (used for) operating activities - continuing operations |  | $ | (118 | ) |  | $ | 999 |  |  | $ | 1,056 |  |  | $ | (1,501 | ) |  | $ | 436 |
Cash provided by operating activities - discontinued operations |  | — |  |  | — |  |  | 64 |  |  | — |  |  | 64 |
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES |  | (118 | ) |  | 999 |  |  | 1,120 |  |  | (1,501 | ) |  | 500 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |
Proceeds from investments |  | — |  |  | 567 |  |  | 6 |  |  | (544 | ) |  | 29 |
Payments for investments |  | (16 | ) |  | (15 | ) |  | (558 | ) |  | 557 |  |  | (32 | )
Net purchases of short-term investments - non-fiduciary |  | — |  |  | (2,440 | ) |  | (11 | ) |  | — |  |  | (2,451 | )
Acquisition of businesses, net of cash acquired |  | — |  |  | 2 |  |  | (151 | ) |  | — |  |  | (149 | )
Sale of businesses, net of cash sold |  | — |  |  | — |  |  | 4,193 |  |  | — |  |  | 4,193 |
Capital expenditures |  | — |  |  | — |  |  | (82 | ) |  | — |  |  | (82 | )
Cash provided by (used for) investing activities - continuing operations |  | (16 | ) |  | (1,886 | ) |  | 3,397 |  |  | 13 |  |  | 1,508 |
Cash used for investing activities - discontinued operations |  | — |  |  | — |  |  | (19 | ) |  | — |  |  | (19 | )
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES |  | (16 | ) |  | (1,886 | ) |  | 3,378 |  |  | 13 |  |  | 1,489 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |
Share repurchase |  | (1,100 | ) |  | — |  |  | — |  |  | — |  |  | (1,100 | )
Advances from (to) affiliates |  | 1,846 |  |  | 1,977 |  |  | (4,381 | ) |  | 558 |  |  | — |
Issuance of shares for employee benefit plans |  | (139 | ) |  | — |  |  | — |  |  | — |  |  | (139 | )
Issuance of debt |  | 544 |  |  | 1,102 |  |  | 5 |  |  | — |  |  | 1,651 |
Repayment of debt |  | (835 | ) |  | (1,150 | ) |  | (5 | ) |  | — |  |  | (1,990 | )
Cash dividends to shareholders |  | (182 | ) |  | — |  |  | — |  |  | — |  |  | (182 | )
Noncontrolling interests and other financing activities |  | — |  |  | — |  |  | (10 | ) |  | — |  |  | (10 | )
Cash provided by (used for) financing activities - continuing operations |  | 134 |  |  | 1,929 |  |  | (4,391 | ) |  | 558 |  |  | (1,770 | )
Cash used for financing activities - discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES |  | 134 |  |  | 1,929 |  |  | (4,391 | ) |  | 558 |  |  | (1,770 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS |  | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |  | — |  |  | 1,042 |  |  | 141 |  |  | (930 | ) |  | 253 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR(1) |  | — |  |  | 1,633 |  |  | 660 |  |  | (1,862 | ) |  | 431 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD |  | $ | — |  |  | $ | 2,675 |  |  | $ | 801 |  |  | $ | (2,792 | ) |  | $ | 684 |
(1) | Includes $5 million of discontinued operations at December 31, 2016.
Condensed Consolidating Statement of Cash Flows
|  | Six months ended June 30, 2016
|  |  |  |  |  | Other |  |  |  |
|  | Aon |  | Aon |  | Non-Guarantor |  | Consolidating |  |
(millions) |  | plc |  | Corporation |  | Subsidiaries |  | Adjustments |  | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash provided by (used for) operating activities - continuing operations |  | $ | 237 |  |  | $ | (625 | ) |  | $ | 949 |  |  | $ | (4 | ) |  | $ | 557 |
Cash provided by operating activities - discontinued operations |  | — |  |  | — |  |  | 207 |  |  | — |  |  | 207 |
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES |  | 237 |  |  | (625 | ) |  | 1,156 |  |  | (4 | ) |  | 764 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |
Proceeds from investments |  | — |  |  | 14 |  |  | 9 |  |  | — |  |  | 23 |
Payments for investments |  | — |  |  | (13 | ) |  | (16 | ) |  | — |  |  | (29 | )
Net sales of short-term investments - non-fiduciary |  | — |  |  | 92 |  |  | 14 |  |  | — |  |  | 106 |
Acquisition of businesses, net of cash acquired |  | — |  |  | — |  |  | (183 | ) |  | — |  |  | (183 | )
Sale of businesses, net of cash sold |  | — |  |  | — |  |  | 103 |  |  | — |  |  | 103 |
Capital expenditures |  | — |  |  | — |  |  | (68 | ) |  | — |  |  | (68 | )
Cash provided by (used for) investing activities - continuing operations |  | — |  |  | 93 |  |  | (141 | ) |  | — |  |  | (48 | )
Cash used for investing activities - discontinued operations |  | — |  |  | — |  |  | (36 | ) |  | — |  |  | (36 | )
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES |  | — |  |  | 93 |  |  | (177 | ) |  | — |  |  | (84 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |
Share repurchase |  | (750 | ) |  | — |  |  | — |  |  | — |  |  | (750 | )
Advances from (to) affiliates |  | (211 | ) |  | 348 |  |  | (321 | ) |  | 184 |  |  | — |
Issuance of shares for employee benefit plans |  | (87 | ) |  | — |  |  | — |  |  | — |  |  | (87 | )
Issuance of debt |  | 1,239 |  |  | 817 |  |  | — |  |  | — |  |  | 2,056 |
Repayment of debt |  | (259 | ) |  | (1,367 | ) |  | (6 | ) |  | — |  |  | (1,632 | )
Cash dividends to shareholders |  | (169 | ) |  | — |  |  | — |  |  | — |  |  | (169 | )
Noncontrolling interests and other financing activities |  | — |  |  | — |  |  | (62 | ) |  | — |  |  | (62 | )
Cash used for financing activities - continuing operations |  | (237 | ) |  | (202 | ) |  | (389 | ) |  | 184 |  |  | (644 | )
Cash used for financing activities - discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
CASH USED FOR FINANCING ACTIVITIES |  | (237 | ) |  | (202 | ) |  | (389 | ) |  | 184 |  |  | (644 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS |  | — |  |  | — |  |  | 18 |  |  | — |  |  | 18 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |  | — |  |  | (734 | ) |  | 608 |  |  | 180 |  |  | 54 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR(1) |  | — |  |  | 2,083 |  |  | 1,242 |  |  | (2,941 | ) |  | 384 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD(2) |  | $ | — |  |  | $ | 1,349 |  |  | $ | 1,850 |  |  | $ | (2,761 | ) |  | $ | 438 |
(1) | Includes $2 million of discontinued operations at December 31, 2015.
(2) | Includes $4 million of discontinued operations at June 30, 2016.

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