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Guarantee of Registered Securities (Tables) | 6 Months Ended
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Jun. 30, 2018
Guarantee of Registered Securities [Abstract] |
Condensed Consolidating Statements of Income | Condensed Consolidating Statement of Income
|  | Three months ended June 30, 2018
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 2,561 |  |  | $ | — |  |  | $ | 2,561 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 15 |  |  | 1 |  |  | 1,478 |  |  | — |  |  | 1,494 |
Information technology |  | — |  |  | — |  |  | 123 |  |  | — |  |  | 123 |
Premises |  | — |  |  | — |  |  | 96 |  |  | — |  |  | 96 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 47 |  |  | — |  |  | 47 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 282 |  |  | — |  |  | 282 |
Other general expenses |  | 2 |  |  | 78 |  |  | 455 |  |  | — |  |  | 535 |
Total operating expenses |  | 17 |  |  | 79 |  |  | 2,481 |  |  | — |  |  | 2,577 |
Operating income (loss) |  | (17 | ) |  | (79 | ) |  | 80 |  |  | — |  |  | (16 | )
Interest income |  | — |  |  | 15 |  |  | — |  |  | (14 | ) |  | 1 |
Interest expense |  | (48 | ) |  | (25 | ) |  | (10 | ) |  | 14 |  |  | (69 | )
Intercompany interest income (expense) |  | 3 |  |  | (129 | ) |  | 126 |  |  | — |  |  | — |
Intercompany other income (expense) |  | (61 | ) |  | (3 | ) |  | 64 |  |  | — |  |  | — |
Other income (expense) |  | 16 |  |  | (20 | ) |  | 19 |  |  | (18 | ) |  | (3 | )
Income (loss) from continuing operations before income taxes |  | (107 | ) |  | (241 | ) |  | 279 |  |  | (18 | ) |  | (87 | )
Income tax expense (benefit) |  | (3 | ) |  | (50 | ) |  | (91 | ) |  | — |  |  | (144 | )
Net income (loss) from continuing operations |  | (104 | ) |  | (191 | ) |  | 370 |  |  | (18 | ) |  | 57 |
Net Income from discontinued operations |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Net income (loss) before equity in earnings of subsidiaries |  | (104 | ) |  | (191 | ) |  | 371 |  |  | (18 | ) |  | 58 |
Equity in earnings of subsidiaries, net of tax |  | 170 |  |  | 206 |  |  | 15 |  |  | (391 | ) |  | — |
Net income |  | 66 |  |  | 15 |  |  | 386 |  |  | (409 | ) |  | 58 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Net income attributable to Aon shareholders |  | $ | 66 |  |  | $ | 15 |  |  | $ | 376 |  |  | $ | (409 | ) |  | $ | 48 |
Condensed Consolidating Statement of Income
|  | Three months ended June 30, 2017
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 2,368 |  |  | $ | — |  |  | $ | 2,368 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 8 |  |  | 3 |  |  | 1,455 |  |  | — |  |  | 1,466 |
Information technology |  | — |  |  | — |  |  | 98 |  |  | — |  |  | 98 |
Premises |  | — |  |  | — |  |  | 86 |  |  | — |  |  | 86 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 54 |  |  | — |  |  | 54 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 460 |  |  | — |  |  | 460 |
Other general expenses |  | 4 |  |  | (6 | ) |  | 333 |  |  | — |  |  | 331 |
Total operating expenses |  | 12 |  |  | (3 | ) |  | 2,486 |  |  | — |  |  | 2,495 |
Operating income (loss) |  | (12 | ) |  | 3 |  |  | (118 | ) |  | — |  |  | (127 | )
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 | ) |  | (6 | ) |  | 12 |  |  | 10 |  |  | 4 |
Income (loss) from continuing operations before income taxes |  | (119 | ) |  | (167 | ) |  | 90 |  |  | 10 |  |  | (186 | )
Income tax expense (benefit) |  | (8 | ) |  | (63 | ) |  | (72 | ) |  | — |  |  | (143 | )
Net income (loss) from continuing operations |  | (111 | ) |  | (104 | ) |  | 162 |  |  | 10 |  |  | (43 | )
Net Income from discontinued operations |  | — |  |  | — |  |  | 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
|  | Six months ended June 30, 2018
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 5,651 |  |  | $ | — |  |  | $ | 5,651 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 34 |  |  | 2 |  |  | 3,074 |  |  | — |  |  | 3,110 |
Information technology |  | — |  |  | — |  |  | 238 |  |  | — |  |  | 238 |
Premises |  | — |  |  | — |  |  | 189 |  |  | — |  |  | 189 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 86 |  |  | — |  |  | 86 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 392 |  |  | — |  |  | 392 |
Other general expenses |  | 3 |  |  | 78 |  |  | 772 |  |  | — |  |  | 853 |
Total operating expenses |  | 37 |  |  | 80 |  |  | 4,751 |  |  | — |  |  | 4,868 |
Operating income (loss) |  | (37 | ) |  | (80 | ) |  | 900 |  |  | — |  |  | 783 |
Interest income |  | — |  |  | 29 |  |  | — |  |  | (24 | ) |  | 5 |
Interest expense |  | (97 | ) |  | (49 | ) |  | (17 | ) |  | 24 |  |  | (139 | )
Intercompany interest income (expense) |  | 7 |  |  | (257 | ) |  | 250 |  |  | — |  |  | — |
Intercompany other income (expense) |  | (132 | ) |  | (8 | ) |  | 140 |  |  | — |  |  | — |
Other income (expense) |  | 9 |  |  | (26 | ) |  | 14 |  |  | (15 | ) |  | (18 | )
Income (loss) from continuing operations before income taxes |  | (250 | ) |  | (391 | ) |  | 1,287 |  |  | (15 | ) |  | 631 |
Income tax expense (benefit) |  | (19 | ) |  | (77 | ) |  | 66 |  |  | — |  |  | (30 | )
Net income (loss) from continuing operations |  | (231 | ) |  | (314 | ) |  | 1,221 |  |  | (15 | ) |  | 661 |
Net Income from discontinued operations |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Net income (loss) before equity in earnings of subsidiaries |  | (231 | ) |  | (314 | ) |  | 1,228 |  |  | (15 | ) |  | 668 |
Equity in earnings of subsidiaries, net of tax |  | 888 |  |  | 910 |  |  | 596 |  |  | (2,394 | ) |  | — |
Net income |  | 657 |  |  | 596 |  |  | 1,824 |  |  | (2,409 | ) |  | 668 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 26 |  |  | — |  |  | 26 |
Net income attributable to Aon shareholders |  | $ | 657 |  |  | $ | 596 |  |  | $ | 1,798 |  |  | $ | (2,409 | ) |  | $ | 642 |
Condensed Consolidating Statement of Income
|  | Six months ended June 30, 2017
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 4,749 |  |  | $ | — |  |  | $ | 4,749 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 60 |  |  | 6 |  |  | 2,869 |  |  | — |  |  | 2,935 |
Information technology |  | — |  |  | — |  |  | 186 |  |  | — |  |  | 186 |
Premises |  | — |  |  | — |  |  | 170 |  |  | — |  |  | 170 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 108 |  |  | — |  |  | 108 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 503 |  |  | — |  |  | 503 |
Other general expenses |  | 9 |  |  | (4 | ) |  | 634 |  |  | — |  |  | 639 |
Total operating expenses |  | 69 |  |  | 2 |  |  | 4,470 |  |  | — |  |  | 4,541 |
Operating income (loss) |  | (69 | ) |  | (2 | ) |  | 279 |  |  | — |  |  | 208 |
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 | ) |  | 3 |  |  | 4 |  |  | 18 |  |  | 2 |
Income (loss) from continuing operations before income taxes |  | (278 | ) |  | (310 | ) |  | 649 |  |  | 18 |  |  | 79 |
Income tax expense (benefit) |  | (22 | ) |  | (117 | ) |  | (4 | ) |  | — |  |  | (143 | )
Net income (loss) from continuing operations |  | (256 | ) |  | (193 | ) |  | 653 |  |  | 18 |  |  | 222 |
Net Income from discontinued operations |  | — |  |  | — |  |  | 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 Statements of Comprehensive Income | Condensed Consolidating Statement of Comprehensive Income
|  | Three months ended June 30, 2018
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income |  | $ | 66 |  |  | $ | 15 |  |  | $ | 386 |  |  | $ | (409 | ) |  | $ | 58 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Net income attributable to Aon shareholders |  | 66 |  |  | 15 |  |  | 376 |  |  | (409 | ) |  | 48 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | (4 | ) |  | 3 |  |  | — |  |  | (1 | )
Foreign currency translation adjustments |  | — |  |  | — |  |  | (478 | ) |  | 18 |  |  | (460 | )
Postretirement benefit obligation |  | — |  |  | 11 |  |  | 111 |  |  | — |  |  | 122 |
Total other comprehensive income (loss) |  | — |  |  | 7 |  |  | (364 | ) |  | 18 |  |  | (339 | )
Equity in other comprehensive income (loss) of subsidiaries, net of tax |  | (351 | ) |  | (345 | ) |  | (338 | ) |  | 1,034 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Total other comprehensive income (loss) attributable to Aon shareholders |  | (351 | ) |  | (338 | ) |  | (696 | ) |  | 1,052 |  |  | (333 | )
Comprehensive income (loss) attributable to Aon shareholders |  | $ | (285 | ) |  | $ | (323 | ) |  | $ | (320 | ) |  | $ | 643 |  |  | $ | (285 | )
Condensed Consolidating Statement of Comprehensive Income
|  | Three months ended June 30, 2017
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating 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 (loss), net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | 2 |  |  | 2 |  |  | — |  |  | 4 |
Foreign currency translation adjustments |  | — |  |  | — |  |  | 54 |  |  | (10 | ) |  | 44 |
Postretirement benefit obligation |  | — |  |  | 8 |  |  | 12 |  |  | — |  |  | 20 |
Total other comprehensive income (loss) |  | — |  |  | 10 |  |  | 68 |  |  | (10 | ) |  | 68 |
Equity in other comprehensive income (loss) of subsidiaries, net of tax |  | 83 |  |  | 71 |  |  | 81 |  |  | (235 | ) |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Total other comprehensive income (loss) attributable to Aon shareholders |  | 83 |  |  | 81 |  |  | 154 |  |  | (245 | ) |  | 73 |
Comprehensive income (loss) attributable to Aon shareholders |  | $ | 842 |  |  | $ | 612 |  |  | $ | 1,659 |  |  | $ | (2,271 | ) |  | $ | 842 |
Condensed Consolidating Statement of Comprehensive Income
|  | Six months ended June 30, 2018
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income |  | $ | 657 |  |  | $ | 596 |  |  | $ | 1,824 |  |  | $ | (2,409 | ) |  | $ | 668 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 26 |  |  | — |  |  | 26 |
Net income attributable to Aon shareholders |  | 657 |  |  | 596 |  |  | 1,798 |  |  | (2,409 | ) |  | 642 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | (1 | ) |  | 14 |  |  | — |  |  | 13 |
Foreign currency translation adjustments |  | — |  |  | — |  |  | (228 | ) |  | 15 |  |  | (213 | )
Postretirement benefit obligation |  | — |  |  | 22 |  |  | 148 |  |  | — |  |  | 170 |
Total other comprehensive income (loss) |  | — |  |  | 21 |  |  | (66 | ) |  | 15 |  |  | (30 | )
Equity in other comprehensive income (loss) of subsidiaries, net of tax |  | (42 | ) |  | (60 | ) |  | (39 | ) |  | 141 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Total other comprehensive income (loss) attributable to Aon shareholders |  | (42 | ) |  | (39 | ) |  | (102 | ) |  | 156 |  |  | (27 | )
Comprehensive income (loss) attributable to Aon shareholders |  | $ | 615 |  |  | $ | 557 |  |  | $ | 1,696 |  |  | $ | (2,253 | ) |  | $ | 615 |
Condensed Consolidating Statement of Comprehensive Income
|  | Six months ended June 30, 2017
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating 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 (loss), net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Foreign currency translation adjustments |  | — |  |  | — |  |  | 209 |  |  | (18 | ) |  | 191 |
Postretirement benefit obligation |  | — |  |  | 16 |  |  | 22 |  |  | — |  |  | 38 |
Total other comprehensive income (loss) |  | — |  |  | 16 |  |  | 233 |  |  | (18 | ) |  | 231 |
Equity in other comprehensive income (loss) of subsidiaries, net of tax |  | 253 |  |  | 235 |  |  | 251 |  |  | (739 | ) |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Total other comprehensive income (loss) attributable to Aon shareholders |  | 253 |  |  | 251 |  |  | 488 |  |  | (757 | ) |  | 235 |
Comprehensive income (loss) attributable to Aon shareholders |  | $ | 1,295 |  |  | $ | 964 |  |  | $ | 2,692 |  |  | $ | (3,656 | ) |  | $ | 1,295 |
Condensed Consolidating Statements of Financial Position | Condensed Consolidating Statement of Financial Position
|  | As of June 30, 2018
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 2,927 |  |  | $ | 672 |  |  | $ | (3,112 | ) |  | $ | 487 |
Short-term investments |  | — |  |  | 59 |  |  | 114 |  |  | — |  |  | 173 |
Receivables, net |  | — |  |  | — |  |  | 2,992 |  |  | — |  |  | 2,992 |
Fiduciary assets |  | — |  |  | — |  |  | 10,476 |  |  | — |  |  | 10,476 |
Current intercompany receivables |  | 171 |  |  | 3,343 |  |  | 11,424 |  |  | (14,938 | ) |  | — |
Other current assets |  | — |  |  | 3 |  |  | 729 |  |  | — |  |  | 732 |
Total current assets |  | 171 |  |  | 6,332 |  |  | 26,407 |  |  | (18,050 | ) |  | 14,860 |
Goodwill |  | — |  |  | — |  |  | 8,291 |  |  | — |  |  | 8,291 |
Intangible assets, net |  | — |  |  | — |  |  | 1,363 |  |  | — |  |  | 1,363 |
Fixed assets, net |  | — |  |  | — |  |  | 575 |  |  | — |  |  | 575 |
Deferred tax assets |  | 99 |  |  | 410 |  |  | 135 |  |  | (192 | ) |  | 452 |
Non-current intercompany receivables |  | 409 |  |  | 261 |  |  | 8,254 |  |  | (8,924 | ) |  | — |
Prepaid pension |  | — |  |  | 6 |  |  | 1,266 |  |  | — |  |  | 1,272 |
Other non-current assets |  | 1 |  |  | 28 |  |  | 375 |  |  | — |  |  | 404 |
Investment in subsidiary |  | 10,235 |  |  | 19,008 |  |  | 926 |  |  | (30,169 | ) |  | — |
Total assets |  | $ | 10,915 |  |  | $ | 26,045 |  |  | $ | 47,592 |  |  | $ | (57,335 | ) |  | $ | 27,217 |
Liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 1,452 |  |  | $ | 67 |  |  | $ | 3,040 |  |  | $ | (3,112 | ) |  | $ | 1,447 |
Short-term debt and current portion of long-term debt |  | 459 |  |  | 339 |  |  | 1 |  |  | — |  |  | 799 |
Fiduciary liabilities |  | — |  |  | — |  |  | 10,476 |  |  | — |  |  | 10,476 |
Current intercompany payables |  | 214 |  |  | 13,364 |  |  | 1,360 |  |  | (14,938 | ) |  | — |
Other current liabilities |  | — |  |  | 62 |  |  | 1,059 |  |  | — |  |  | 1,121 |
Total current liabilities |  | 2,125 |  |  | 13,832 |  |  | 15,936 |  |  | (18,050 | ) |  | 13,843 |
Long-term debt |  | 4,243 |  |  | 1,415 |  |  | 1 |  |  | — |  |  | 5,659 |
Deferred tax liabilities |  | — |  |  | — |  |  | 486 |  |  | (192 | ) |  | 294 |
Pension, other postretirement and postemployment liabilities |  | — |  |  | 1,349 |  |  | 366 |  |  | — |  |  | 1,715 |
Non-current intercompany payables |  | — |  |  | 8,419 |  |  | 505 |  |  | (8,924 | ) |  | — |
Other non-current liabilities |  | 2 |  |  | 104 |  |  | 982 |  |  | — |  |  | 1,088 |
Total liabilities |  | 6,370 |  |  | 25,119 |  |  | 18,276 |  |  | (27,166 | ) |  | 22,599 |
Total Aon shareholders’ equity |  | 4,545 |  |  | 926 |  |  | 29,243 |  |  | (30,169 | ) |  | 4,545 |
Noncontrolling interests |  | — |  |  | — |  |  | 73 |  |  | — |  |  | 73 |
Total equity |  | 4,545 |  |  | 926 |  |  | 29,316 |  |  | (30,169 | ) |  | 4,618 |
Total liabilities and equity |  | $ | 10,915 |  |  | $ | 26,045 |  |  | $ | 47,592 |  |  | $ | (57,335 | ) |  | $ | 27,217 |
Condensed Consolidating Statement of Financial Position
|  | As of December 31, 2017
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1 |  |  | $ | 2,524 |  |  | $ | 793 |  |  | $ | (2,562 | ) |  | $ | 756 |
Short-term investments |  | — |  |  | 355 |  |  | 174 |  |  | — |  |  | 529 |
Receivables, net |  | — |  |  | 2 |  |  | 2,476 |  |  | — |  |  | 2,478 |
Fiduciary assets |  | — |  |  | — |  |  | 9,625 |  |  | — |  |  | 9,625 |
Current intercompany receivables |  | 165 |  |  | 1,046 |  |  | 10,824 |  |  | (12,035 | ) |  | — |
Other current assets |  | 1 |  |  | 29 |  |  | 259 |  |  | — |  |  | 289 |
Total current assets |  | 167 |  |  | 3,956 |  |  | 24,151 |  |  | (14,597 | ) |  | 13,677 |
Goodwill |  | — |  |  | — |  |  | 8,358 |  |  | — |  |  | 8,358 |
Intangible assets, net |  | — |  |  | — |  |  | 1,733 |  |  | — |  |  | 1,733 |
Fixed assets, net |  | — |  |  | — |  |  | 564 |  |  | — |  |  | 564 |
Deferred tax assets |  | 99 |  |  | 396 |  |  | 143 |  |  | (249 | ) |  | 389 |
Non-current intercompany receivables |  | 414 |  |  | 261 |  |  | 8,232 |  |  | (8,907 | ) |  | — |
Prepaid pension |  | — |  |  | 6 |  |  | 1,054 |  |  | — |  |  | 1,060 |
Other non-current assets |  | 1 |  |  | 35 |  |  | 271 |  |  | — |  |  | 307 |
Investment in subsidiary |  | 8,884 |  |  | 17,909 |  |  | 19 |  |  | (26,812 | ) |  | — |
Total assets |  | $ | 9,565 |  |  | $ | 22,563 |  |  | $ | 44,525 |  |  | $ | (50,565 | ) |  | $ | 26,088 |
Liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 574 |  |  | $ | 36 |  |  | $ | 3,913 |  |  | $ | (2,562 | ) |  | $ | 1,961 |
Short-term debt and current portion of long-term debt |  | — |  |  | — |  |  | 299 |  |  | — |  |  | 299 |
Fiduciary liabilities |  | — |  |  | — |  |  | 9,625 |  |  | — |  |  | 9,625 |
Current intercompany payables |  | 130 |  |  | 11,149 |  |  | 756 |  |  | (12,035 | ) |  | — |
Other current liabilities |  | 16 |  |  | 64 |  |  | 790 |  |  | — |  |  | 870 |
Total current liabilities |  | 720 |  |  | 11,249 |  |  | 15,383 |  |  | (14,597 | ) |  | 12,755 |
Long-term debt |  | 4,251 |  |  | 1,415 |  |  | 1 |  |  | — |  |  | 5,667 |
Deferred tax liabilities |  | — |  |  | — |  |  | 376 |  |  | (249 | ) |  | 127 |
Pension, other postretirement and postemployment liabilities |  | — |  |  | 1,391 |  |  | 398 |  |  | — |  |  | 1,789 |
Non-current intercompany payables |  | — |  |  | 8,398 |  |  | 509 |  |  | (8,907 | ) |  | — |
Other non-current liabilities |  | 11 |  |  | 91 |  |  | 1,000 |  |  | — |  |  | 1,102 |
Total liabilities |  | 4,982 |  |  | 22,544 |  |  | 17,667 |  |  | (23,753 | ) |  | 21,440 |
Total Aon shareholders’ equity |  | 4,583 |  |  | 19 |  |  | 26,793 |  |  | (26,812 | ) |  | 4,583 |
Noncontrolling interests |  | — |  |  | — |  |  | 65 |  |  | — |  |  | 65 |
Total equity |  | 4,583 |  |  | 19 |  |  | 26,858 |  |  | (26,812 | ) |  | 4,648 |
Total liabilities and equity |  | $ | 9,565 |  |  | $ | 22,563 |  |  | $ | 44,525 |  |  | $ | (50,565 | ) |  | $ | 26,088 |
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statement of Cash Flows
|  | Six months ended June 30, 2018
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash provided by (used for) operating activities - continuing operations |  | $ | (126 | ) |  | $ | 582 |  |  | $ | 759 |  |  | $ | (802 | ) |  | $ | 413 |
Cash provided by operating activities - discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Cash provided by (used for) operating activities |  | (126 | ) |  | 582 |  |  | 759 |  |  | (802 | ) |  | 413 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |
Proceeds from investments |  | — |  |  | 13 |  |  | 10 |  |  | — |  |  | 23 |
Payments for investments |  | (12 | ) |  | (17 | ) |  | (19 | ) |  | 12 |  |  | (36 | )
Net sales (purchases) of short-term investments - non-fiduciary |  | — |  |  | 296 |  |  | 56 |  |  | — |  |  | 352 |
Acquisition of businesses, net of cash acquired |  | — |  |  | — |  |  | (50 | ) |  |  |  |  | (50 | )
Sale of businesses, net of cash sold |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Capital expenditures |  | — |  |  | — |  |  | (111 | ) |  | — |  |  | (111 | )
Cash provided by (used for) investing activities - continuing operations |  | (12 | ) |  | 292 |  |  | (113 | ) |  | 12 |  |  | 179 |
Cash used for investing activities - discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Cash provided by (used for) investing activities |  | (12 | ) |  | 292 |  |  | (113 | ) |  | 12 |  |  | 179 |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |
Share repurchase |  | (971 | ) |  | — |  |  | — |  |  | — |  |  | (971 | )
Advances from (to) affiliates |  | 965 |  |  | (810 | ) |  | (395 | ) |  | 240 |  |  | — |
Issuance of shares for employee benefit plans |  | (150 | ) |  | — |  |  | — |  |  | — |  |  | (150 | )
Issuance of debt |  | 752 |  |  | 1,800 |  |  | — |  |  | — |  |  | 2,552 |
Repayment of debt |  | (272 | ) |  | (1,461 | ) |  | (294 | ) |  | — |  |  | (2,027 | )
Cash dividends to shareholders |  | (187 | ) |  | — |  |  | — |  |  | — |  |  | (187 | )
Noncontrolling interests and other financing activities |  | — |  |  | — |  |  | (15 | ) |  | — |  |  | (15 | )
Cash provided by (used for) financing activities - continuing operations |  | 137 |  |  | (471 | ) |  | (704 | ) |  | 240 |  |  | (798 | )
Cash used for financing activities - discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Cash provided by (used for) financing activities |  | 137 |  |  | (471 | ) |  | (704 | ) |  | 240 |  |  | (798 | )
Effect of exchange rates on cash and cash equivalents |  | — |  |  | — |  |  | (63 | ) |  | — |  |  | (63 | )
Net increase (decrease) in cash and cash equivalents |  | (1 | ) |  | 403 |  |  | (121 | ) |  | (550 | ) |  | (269 | )
Cash and cash equivalents at beginning of period |  | 1 |  |  | 2,524 |  |  | 793 |  |  | (2,562 | ) |  | 756 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 2,927 |  |  | $ | 672 |  |  | $ | (3,112 | ) |  | $ | 487 |
Condensed Consolidating Statement of Cash Flows
|  | Six months ended June 30, 2017
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating 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 sales (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 rates 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 period |  | — |  |  | 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.

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