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Guarantee of Registered Securities (Tables) | 9 Months Ended
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Sep. 30, 2019
Guarantee of Registered Securities [Abstract] |
Condensed Consolidating Statements of Income | Condensed Consolidating Statement of Income
|  | Three Months Ended September 30, 2019
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 2,379 |  |  | $ | — |  |  | $ | 2,379 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 12 |  |  | 2 |  |  | 1,354 |  |  | — |  |  | 1,368 |
Information technology |  | — |  |  | — |  |  | 120 |  |  | — |  |  | 120 |
Premises |  | — |  |  | 4 |  |  | 72 |  |  | — |  |  | 76 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 44 |  |  | — |  |  | 44 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 101 |  |  | — |  |  | 101 |
Other general expense (income) |  | 2 |  |  | 1 |  |  | 307 |  |  | — |  |  | 310 |
Total operating expenses |  | 14 |  |  | 7 |  |  | 1,998 |  |  | — |  |  | 2,019 |
Operating income (loss) |  | (14 | ) |  | (7 | ) |  | 381 |  |  | — |  |  | 360 |
Interest income |  | — |  |  | 11 |  |  | — |  |  | (10 | ) |  | 1 |
Interest expense |  | (47 | ) |  | (35 | ) |  | (6 | ) |  | 10 |  |  | (78 | )
Intercompany interest income (expense) |  | 4 |  |  | (116 | ) |  | 112 |  |  | — |  |  | — |
Intercompany other income (expense) |  | (70 | ) |  | (9 | ) |  | 79 |  |  | — |  |  | — |
Other income (expense) |  | 39 |  |  | (22 | ) |  | 7 |  |  | (22 | ) |  | 2 |
Income (loss) from continuing operations before income taxes |  | (88 | ) |  | (178 | ) |  | 573 |  |  | (22 | ) |  | 285 |
Income tax expense (benefit) |  | (2 | ) |  | (35 | ) |  | 93 |  |  | — |  |  | 56 |
Net income (loss) from continuing operations |  | (86 | ) |  | (143 | ) |  | 480 |  |  | (22 | ) |  | 229 |
Net income (loss) from discontinued operations |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net income (loss) before equity in earnings of subsidiaries |  | (86 | ) |  | (143 | ) |  | 479 |  |  | (22 | ) |  | 228 |
Equity in earnings of subsidiaries |  | 330 |  |  | 107 |  |  | (36 | ) |  | (401 | ) |  | — |
Net income (loss) |  | 244 |  |  | (36 | ) |  | 443 |  |  | (423 | ) |  | 228 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Net income (loss) attributable to Aon shareholders |  | $ | 244 |  |  | $ | (36 | ) |  | $ | 437 |  |  | $ | (423 | ) |  | $ | 222 |
Condensed Consolidating Statement of Income
|  | Three Months Ended September 30, 2018
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 2,349 |  |  | $ | — |  |  | $ | 2,349 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 13 |  |  | 3 |  |  | 1,376 |  |  | — |  |  | 1,392 |
Information technology |  | — |  |  | — |  |  | 125 |  |  | — |  |  | 125 |
Premises |  | — |  |  | — |  |  | 94 |  |  | — |  |  | 94 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 40 |  |  | — |  |  | 40 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 100 |  |  | — |  |  | 100 |
Other general expense (income) |  | — |  |  | (1 | ) |  | 337 |  |  | — |  |  | 336 |
Total operating expenses |  | 13 |  |  | 2 |  |  | 2,072 |  |  | — |  |  | 2,087 |
Operating income (loss) |  | (13 | ) |  | (2 | ) |  | 277 |  |  | — |  |  | 262 |
Interest income |  | — |  |  | 15 |  |  | — |  |  | (15 | ) |  | — |
Interest expense |  | (52 | ) |  | (26 | ) |  | (6 | ) |  | 15 |  |  | (69 | )
Intercompany interest income (expense) |  | 4 |  |  | (128 | ) |  | 124 |  |  | — |  |  | — |
Intercompany other income (expense) |  | 245 |  |  | (245 | ) |  | — |  |  | — |  |  | — |
Other income (expense) |  | (5 | ) |  | (3 | ) |  | 7 |  |  | 2 |  |  | 1 |
Income (loss) from continuing operations before income taxes |  | 179 |  |  | (389 | ) |  | 402 |  |  | 2 |  |  | 194 |
Income tax expense (benefit) |  | (8 | ) |  | (67 | ) |  | 114 |  |  | — |  |  | 39 |
Net income (loss) from continuing operations |  | 187 |  |  | (322 | ) |  | 288 |  |  | 2 |  |  | 155 |
Net income (loss) from discontinued operations |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Net income (loss) before equity in earnings of subsidiaries |  | 187 |  |  | (322 | ) |  | 286 |  |  | 2 |  |  | 153 |
Equity in earnings of subsidiaries |  | (42 | ) |  | (42 | ) |  | (364 | ) |  | 448 |  |  | — |
Net income (loss) |  | 145 |  |  | (364 | ) |  | (78 | ) |  | 450 |  |  | 153 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Net income (loss) attributable to Aon shareholders |  | $ | 145 |  |  | $ | (364 | ) |  | $ | (84 | ) |  | $ | 450 |  |  | $ | 147 |
Condensed Consolidating Statement of Income
|  | Nine Months Ended September 30, 2019
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 8,128 |  |  | $ | — |  |  | $ | 8,128 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 54 |  |  | 14 |  |  | 4,385 |  |  | — |  |  | 4,453 |
Information technology |  | — |  |  | — |  |  | 363 |  |  | — |  |  | 363 |
Premises |  | — |  |  | 17 |  |  | 231 |  |  | — |  |  | 248 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 124 |  |  | — |  |  | 124 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 295 |  |  | — |  |  | 295 |
Other general expense (income) |  | 5 |  |  | 3 |  |  | 992 |  |  | — |  |  | 1,000 |
Total operating expenses |  | 59 |  |  | 34 |  |  | 6,390 |  |  | — |  |  | 6,483 |
Operating income (loss) |  | (59 | ) |  | (34 | ) |  | 1,738 |  |  | — |  |  | 1,645 |
Interest income |  | — |  |  | 29 |  |  | — |  |  | (25 | ) |  | 4 |
Interest expense |  | (138 | ) |  | (97 | ) |  | (17 | ) |  | 25 |  |  | (227 | )
Intercompany interest income (expense) |  | 11 |  |  | (348 | ) |  | 337 |  |  | — |  |  | — |
Intercompany other income (expense) |  | 98 |  |  | (272 | ) |  | 174 |  |  | — |  |  | — |
Other income (expense) |  | 33 |  |  | (47 | ) |  | 39 |  |  | (17 | ) |  | 8 |
Income (loss) from continuing operations before income taxes |  | (55 | ) |  | (769 | ) |  | 2,271 |  |  | (17 | ) |  | 1,430 |
Income tax expense (benefit) |  | (7 | ) |  | (141 | ) |  | 386 |  |  | — |  |  | 238 |
Net income (loss) from continuing operations |  | (48 | ) |  | (628 | ) |  | 1,885 |  |  | (17 | ) |  | 1,192 |
Net income (loss) from discontinued operations |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net income (loss) before equity in earnings of subsidiaries |  | (48 | ) |  | (628 | ) |  | 1,884 |  |  | (17 | ) |  | 1,191 |
Equity in earnings of subsidiaries |  | 1,223 |  |  | 1,132 |  |  | 504 |  |  | (2,859 | ) |  | — |
Net income (loss) |  | 1,175 |  |  | 504 |  |  | 2,388 |  |  | (2,876 | ) |  | 1,191 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 33 |  |  | — |  |  | 33 |
Net income (loss) attributable to Aon shareholders |  | $ | 1,175 |  |  | $ | 504 |  |  | $ | 2,355 |  |  | $ | (2,876 | ) |  | $ | 1,158 |
Condensed Consolidating Statement of Income
|  | Nine Months Ended September 30, 2018
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | 8,000 |  |  | $ | — |  |  | $ | 8,000 |
Expenses |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 47 |  |  | 5 |  |  | 4,450 |  |  | — |  |  | 4,502 |
Information technology |  | — |  |  | — |  |  | 363 |  |  | — |  |  | 363 |
Premises |  | — |  |  | — |  |  | 283 |  |  | — |  |  | 283 |
Depreciation of fixed assets |  | — |  |  | — |  |  | 126 |  |  | — |  |  | 126 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | 492 |  |  | — |  |  | 492 |
Other general expense (income) |  | 3 |  |  | 90 |  |  | 1,096 |  |  | — |  |  | 1,189 |
Total operating expenses |  | 50 |  |  | 95 |  |  | 6,810 |  |  | — |  |  | 6,955 |
Operating income (loss) |  | (50 | ) |  | (95 | ) |  | 1,190 |  |  | — |  |  | 1,045 |
Interest income |  | — |  |  | 44 |  |  | — |  |  | (39 | ) |  | 5 |
Interest expense |  | (149 | ) |  | (75 | ) |  | (23 | ) |  | 39 |  |  | (208 | )
Intercompany interest income (expense) |  | 11 |  |  | (385 | ) |  | 374 |  |  | — |  |  | — |
Intercompany other income (expense) |  | 99 |  |  | (240 | ) |  | 141 |  |  | — |  |  | — |
Other income (expense) |  | 18 |  |  | (29 | ) |  | 7 |  |  | (13 | ) |  | (17 | )
Income (loss) from continuing operations before income taxes |  | (71 | ) |  | (780 | ) |  | 1,689 |  |  | (13 | ) |  | 825 |
Income tax expense (benefit) |  | (27 | ) |  | (144 | ) |  | 180 |  |  | — |  |  | 9 |
Net income (loss) from continuing operations |  | (44 | ) |  | (636 | ) |  | 1,509 |  |  | (13 | ) |  | 816 |
Net income (loss) from discontinued operations |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Net income (loss) before equity in earnings of subsidiaries |  | (44 | ) |  | (636 | ) |  | 1,514 |  |  | (13 | ) |  | 821 |
Equity in earnings of subsidiaries |  | 846 |  |  | 870 |  |  | 234 |  |  | (1,950 | ) |  | — |
Net income (loss) |  | 802 |  |  | 234 |  |  | 1,748 |  |  | (1,963 | ) |  | 821 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 32 |  |  | — |  |  | 32 |
Net income (loss) attributable to Aon shareholders |  | $ | 802 |  |  | $ | 234 |  |  | $ | 1,716 |  |  | $ | (1,963 | ) |  | $ | 789 |
Condensed Consolidating Statements of Comprehensive Income | Condensed Consolidating Statement of Comprehensive Income
|  | Three Months Ended September 30, 2019
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income (loss) |  | $ | 244 |  |  | $ | (36 | ) |  | $ | 443 |  |  | $ | (423 | ) |  | $ | 228 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Net income (loss) attributable to Aon shareholders |  | 244 |  |  | (36 | ) |  | 437 |  |  | (423 | ) |  | 222 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Foreign currency translation adjustments |  | — |  |  | — |  |  | (234 | ) |  | 22 |  |  | (212 | )
Postretirement benefit obligation |  | — |  |  | 10 |  |  | 7 |  |  | — |  |  | 17 |
Total other comprehensive income (loss) |  | — |  |  | 10 |  |  | (229 | ) |  | 22 |  |  | (197 | )
Equity in other comprehensive income (loss) of subsidiaries, net of tax |  | (215 | ) |  | (220 | ) |  | (210 | ) |  | 645 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Total other comprehensive income (loss) attributable to Aon shareholders |  | (215 | ) |  | (210 | ) |  | (435 | ) |  | 667 |  |  | (193 | )
Comprehensive income (loss) attributable to Aon shareholders |  | $ | 29 |  |  | $ | (246 | ) |  | $ | 2 |  |  | $ | 244 |  |  | $ | 29 |
Condensed Consolidating Statement of Comprehensive Income
|  | Three Months Ended September 30, 2018
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income (loss) |  | $ | 145 |  |  | $ | (364 | ) |  | $ | (78 | ) |  | $ | 450 |  |  | $ | 153 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Net income (loss) attributable to Aon shareholders |  | 145 |  |  | (364 | ) |  | (84 | ) |  | 450 |  |  | 147 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | (2 | ) |  | 3 |  |  | — |  |  | 1 |
Foreign currency translation adjustments |  | — |  |  | — |  |  | (48 | ) |  | (2 | ) |  | (50 | )
Postretirement benefit obligation |  | — |  |  | 12 |  |  | (74 | ) |  | — |  |  | (62 | )
Total other comprehensive income (loss) |  | — |  |  | 10 |  |  | (119 | ) |  | (2 | ) |  | (111 | )
Equity in other comprehensive income (loss) of subsidiaries, net of tax |  | (106 | ) |  | (134 | ) |  | (124 | ) |  | 364 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Total other comprehensive income (loss) attributable to Aon shareholders |  | (106 | ) |  | (124 | ) |  | (240 | ) |  | 362 |  |  | (108 | )
Comprehensive income (loss) attributable to Aon shareholders |  | $ | 39 |  |  | $ | (488 | ) |  | $ | (324 | ) |  | $ | 812 |  |  | $ | 39 |
Condensed Consolidating Statement of Comprehensive Income
|  | Nine Months Ended September 30, 2019
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income (loss) |  | $ | 1,175 |  |  | $ | 504 |  |  | $ | 2,388 |  |  | $ | (2,876 | ) |  | $ | 1,191 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 33 |  |  | — |  |  | 33 |
Net income (loss) attributable to Aon shareholders |  | 1,175 |  |  | 504 |  |  | 2,355 |  |  | (2,876 | ) |  | 1,158 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | 2 |  |  | (5 | ) |  | — |  |  | (3 | )
Foreign currency translation adjustments |  | — |  |  | — |  |  | (199 | ) |  | 17 |  |  | (182 | )
Postretirement benefit obligation |  | — |  |  | 42 |  |  | 20 |  |  | — |  |  | 62 |
Total other comprehensive income (loss) |  | — |  |  | 44 |  |  | (184 | ) |  | 17 |  |  | (123 | )
Equity in other comprehensive income (loss) of subsidiaries, net of tax |  | (138 | ) |  | (223 | ) |  | (179 | ) |  | 540 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Total other comprehensive income (loss) attributable to Aon shareholders |  | (138 | ) |  | (179 | ) |  | (361 | ) |  | 557 |  |  | (121 | )
Comprehensive income (loss) attributable to Aon shareholders |  | $ | 1,037 |  |  | $ | 325 |  |  | $ | 1,994 |  |  | $ | (2,319 | ) |  | $ | 1,037 |
Condensed Consolidating Statement of Comprehensive Income
|  | Nine Months Ended September 30, 2018
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income (loss) |  | $ | 802 |  |  | $ | 234 |  |  | $ | 1,748 |  |  | $ | (1,963 | ) |  | $ | 821 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | 32 |  |  | — |  |  | 32 |
Net income (loss) attributable to Aon shareholders |  | 802 |  |  | 234 |  |  | 1,716 |  |  | (1,963 | ) |  | 789 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | (3 | ) |  | 17 |  |  | — |  |  | 14 |
Foreign currency translation adjustments |  | — |  |  | — |  |  | (276 | ) |  | 13 |  |  | (263 | )
Postretirement benefit obligation |  | — |  |  | 34 |  |  | 74 |  |  | — |  |  | 108 |
Total other comprehensive income (loss) |  | — |  |  | 31 |  |  | (185 | ) |  | 13 |  |  | (141 | )
Equity in other comprehensive income (loss) of subsidiaries, net of tax |  | (148 | ) |  | (194 | ) |  | (163 | ) |  | 505 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Total other comprehensive income (loss) attributable to Aon shareholders |  | (148 | ) |  | (163 | ) |  | (342 | ) |  | 518 |  |  | (135 | )
Comprehensive income (loss) attributable to Aon shareholders |  | $ | 654 |  |  | $ | 71 |  |  | $ | 1,374 |  |  | $ | (1,445 | ) |  | $ | 654 |
Condensed Consolidating Statements of Financial Position | Condensed Consolidating Statement of Financial Position
|  | As of September 30, 2019
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 1,530 |  |  | $ | 491 |  |  | $ | (1,419 | ) |  | $ | 602 |
Short-term investments |  | — |  |  | 63 |  |  | 114 |  |  | — |  |  | 177 |
Receivables, net |  | — |  |  | — |  |  | 2,866 |  |  | — |  |  | 2,866 |
Fiduciary assets |  | — |  |  | — |  |  | 11,041 |  |  | — |  |  | 11,041 |
Current intercompany receivables |  | 153 |  |  | 4,090 |  |  | 13,669 |  |  | (17,912 | ) |  | — |
Other current assets |  | — |  |  | 6 |  |  | 625 |  |  | — |  |  | 631 |
Total current assets |  | 153 |  |  | 5,689 |  |  | 28,806 |  |  | (19,331 | ) |  | 15,317 |
Goodwill |  | — |  |  | — |  |  | 8,071 |  |  | — |  |  | 8,071 |
Intangible assets, net |  | — |  |  | — |  |  | 874 |  |  | — |  |  | 874 |
Fixed assets, net |  | — |  |  | — |  |  | 606 |  |  | — |  |  | 606 |
Operating lease right-of-use assets |  | — |  |  | 109 |  |  | 804 |  |  | — |  |  | 913 |
Deferred tax assets |  | 93 |  |  | 513 |  |  | 150 |  |  | (145 | ) |  | 611 |
Prepaid pension |  | — |  |  | 5 |  |  | 1,208 |  |  | — |  |  | 1,213 |
Non-current intercompany receivables |  | 394 |  |  | 261 |  |  | 7,198 |  |  | (7,853 | ) |  | — |
Other non-current assets |  | 2 |  |  | 35 |  |  | 525 |  |  | — |  |  | 562 |
Investment in subsidiary |  | 9,052 |  |  | 20,085 |  |  | (725 | ) |  | (28,412 | ) |  | — |
Total assets |  | $ | 9,694 |  |  | $ | 26,697 |  |  | $ | 47,517 |  |  | $ | (55,741 | ) |  | $ | 28,167 |
Liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 1,171 |  |  | $ | 42 |  |  | $ | 1,705 |  |  | $ | (1,419 | ) |  | $ | 1,499 |
Short-term debt and current portion of long-term debt |  | 546 |  |  | 599 |  |  | 3 |  |  | — |  |  | 1,148 |
Fiduciary liabilities |  | — |  |  | — |  |  | 11,041 |  |  | — |  |  | 11,041 |
Current intercompany payables |  | 268 |  |  | 15,956 |  |  | 1,688 |  |  | (17,912 | ) |  | — |
Other current liabilities |  | — |  |  | 79 |  |  | 1,084 |  |  | — |  |  | 1,163 |
Total current liabilities |  | 1,985 |  |  | 16,676 |  |  | 15,521 |  |  | (19,331 | ) |  | 14,851 |
Long-term debt |  | 4,213 |  |  | 1,907 |  |  | — |  |  | — |  |  | 6,120 |
Non-current operating lease liabilities |  | — |  |  | 146 |  |  | 776 |  |  | — |  |  | 922 |
Deferred tax liabilities |  | 1 |  |  | — |  |  | 353 |  |  | (145 | ) |  | 209 |
Pension, other postretirement, and postemployment liabilities |  | — |  |  | 1,222 |  |  | 329 |  |  | — |  |  | 1,551 |
Non-current intercompany payables |  | — |  |  | 7,364 |  |  | 489 |  |  | (7,853 | ) |  | — |
Other non-current liabilities |  | 3 |  |  | 107 |  |  | 843 |  |  | — |  |  | 953 |
Total liabilities |  | 6,202 |  |  | 27,422 |  |  | 18,311 |  |  | (27,329 | ) |  | 24,606 |
Equity |  |  |  |  |  |  |  |  |  |
Total Aon shareholders’ equity |  | 3,492 |  |  | (725 | ) |  | 29,137 |  |  | (28,412 | ) |  | 3,492 |
Noncontrolling interests |  | — |  |  | — |  |  | 69 |  |  | — |  |  | 69 |
Total equity |  | 3,492 |  |  | (725 | ) |  | 29,206 |  |  | (28,412 | ) |  | 3,561 |
Total liabilities and equity |  | $ | 9,694 |  |  | $ | 26,697 |  |  | $ | 47,517 |  |  | $ | (55,741 | ) |  | $ | 28,167 |
Condensed Consolidating Statement of Financial Position
|  | As of December 31, 2018
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 862 |  |  | $ | 575 |  |  | $ | (781 | ) |  | $ | 656 |
Short-term investments |  | — |  |  | 56 |  |  | 116 |  |  | — |  |  | 172 |
Receivables, net |  | — |  |  | — |  |  | 2,760 |  |  | — |  |  | 2,760 |
Fiduciary assets |  | — |  |  | — |  |  | 10,166 |  |  | — |  |  | 10,166 |
Current intercompany receivables |  | 191 |  |  | 897 |  |  | 11,634 |  |  | (12,722 | ) |  | — |
Other current assets |  | — |  |  | 16 |  |  | 602 |  |  | — |  |  | 618 |
Total current assets |  | 191 |  |  | 1,831 |  |  | 25,853 |  |  | (13,503 | ) |  | 14,372 |
Goodwill |  | — |  |  | — |  |  | 8,171 |  |  | — |  |  | 8,171 |
Intangible assets, net |  | — |  |  | — |  |  | 1,149 |  |  | — |  |  | 1,149 |
Fixed assets, net |  | — |  |  | — |  |  | 588 |  |  | — |  |  | 588 |
Operating lease right-of-use assets |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Deferred tax assets |  | 94 |  |  | 467 |  |  | 144 |  |  | (144 | ) |  | 561 |
Prepaid pension |  | — |  |  | 5 |  |  | 1,128 |  |  | — |  |  | 1,133 |
Non-current intercompany receivables |  | 403 |  |  | 261 |  |  | 7,225 |  |  | (7,889 | ) |  | — |
Other non-current assets |  | 1 |  |  | 30 |  |  | 417 |  |  | — |  |  | 448 |
Investment in subsidiary |  | 8,433 |  |  | 19,132 |  |  | (882 | ) |  | (26,683 | ) |  | — |
Total assets |  | $ | 9,122 |  |  | $ | 21,726 |  |  | $ | 43,793 |  |  | $ | (48,219 | ) |  | $ | 26,422 |
Liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 274 |  |  | $ | 70 |  |  | $ | 2,380 |  |  | $ | (781 | ) |  | $ | 1,943 |
Short-term debt and current portion of long-term debt |  | 250 |  |  | — |  |  | 1 |  |  | — |  |  | 251 |
Fiduciary liabilities |  | — |  |  | — |  |  | 10,166 |  |  | — |  |  | 10,166 |
Current intercompany payables |  | 213 |  |  | 11,875 |  |  | 634 |  |  | (12,722 | ) |  | — |
Other current liabilities |  | — |  |  | 69 |  |  | 867 |  |  | — |  |  | 936 |
Total current liabilities |  | 737 |  |  | 12,014 |  |  | 14,048 |  |  | (13,503 | ) |  | 13,296 |
Long-term debt |  | 4,231 |  |  | 1,762 |  |  | — |  |  | — |  |  | 5,993 |
Non-current operating lease liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Deferred tax liabilities |  | — |  |  | — |  |  | 325 |  |  | (144 | ) |  | 181 |
Pension, other postretirement, and postemployment liabilities |  | — |  |  | 1,275 |  |  | 361 |  |  | — |  |  | 1,636 |
Non-current intercompany payables |  | — |  |  | 7,390 |  |  | 499 |  |  | (7,889 | ) |  | — |
Other non-current liabilities |  | 3 |  |  | 167 |  |  | 927 |  |  | — |  |  | 1,097 |
Total liabilities |  | 4,971 |  |  | 22,608 |  |  | 16,160 |  |  | (21,536 | ) |  | 22,203 |
Equity |  |  |  |  |  |  |  |  |  |
Total Aon shareholders’ equity |  | 4,151 |  |  | (882 | ) |  | 27,565 |  |  | (26,683 | ) |  | 4,151 |
Noncontrolling interests |  | — |  |  | — |  |  | 68 |  |  | — |  |  | 68 |
Total equity |  | 4,151 |  |  | (882 | ) |  | 27,633 |  |  | (26,683 | ) |  | 4,219 |
Total liabilities and equity |  | $ | 9,122 |  |  | $ | 21,726 |  |  | $ | 43,793 |  |  | $ | (48,219 | ) |  | $ | 26,422 |
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statement of Cash Flows
|  | Nine Months Ended September 30, 2019
(millions) |  | Aon plc |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |
Cash provided by (used for) operating activities |  | $ | 356 |  |  | $ | (118 | ) |  | $ | 1,578 |  |  | $ | (653 | ) |  | $ | 1,163 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |
Proceeds from investments |  |  |  |  | 17 |  |  | 16 |  |  |  |  |  | 33 |
Payments for investments |  | — |  |  | (46 | ) |  | (49 | ) |  | 1 |  |  | (94 | )
Net sales (purchases) of short-term investments - non-fiduciary |  | — |  |  | (7 | ) |  | — |  |  | — |  |  | (7 | )
Acquisition of businesses, net of cash acquired |  | — |  |  | — |  |  | (39 | ) |  | — |  |  | (39 | )
Sale of businesses, net of cash sold |  | — |  |  | — |  |  | 43 |  |  | — |  |  | 43 |
Capital expenditures |  | — |  |  | — |  |  | (167 | ) |  | — |  |  | (167 | )
Cash provided by (used for) investing activities |  | — |  |  | (36 | ) |  | (196 | ) |  | 1 |  |  | (231 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |
Share repurchase |  | (1,507 | ) |  | — |  |  | — |  |  | — |  |  | (1,507 | )
Advances from (to) affiliates |  | 1,277 |  |  | 79 |  |  | (1,370 | ) |  | 14 |  |  | — |
Issuance of shares for employee benefit plans |  | (133 | ) |  | — |  |  | — |  |  | — |  |  | (133 | )
Issuance of debt |  | 2,099 |  |  | 2,816 |  |  | 3 |  |  |  |  |  | 4,918 |
Repayment of debt |  | (1,785 | ) |  | (2,073 | ) |  | — |  |  | — |  |  | (3,858 | )
Cash dividends to shareholders |  | (307 | ) |  | — |  |  | — |  |  | — |  |  | (307 | )
Noncontrolling interests and other financing activities |  | — |  |  | — |  |  | (81 | ) |  | — |  |  | (81 | )
Cash provided by (used for) financing activities |  | (356 | ) |  | 822 |  |  | (1,448 | ) |  | 14 |  |  | (968 | )
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | (18 | ) |  | — |  |  | (18 | )
Net increase (decrease) in cash and cash equivalents |  | — |  |  | 668 |  |  | (84 | ) |  | (638 | ) |  | (54 | )
Cash and cash equivalents at beginning of period |  | — |  |  | 862 |  |  | 575 |  |  | (781 | ) |  | 656 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 1,530 |  |  | $ | 491 |  |  | $ | (1,419 | ) |  | $ | 602 |
Condensed Consolidating Statement of Cash Flows
|  | Nine Months Ended September 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 |  | $ | (143 | ) |  | $ | 479 |  |  | $ | 2,258 |  |  | $ | (1,619 | ) |  | $ | 975 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |
Proceeds from investments |  | — |  |  | 16 |  |  | 14 |  |  | — |  |  | 30 |
Payments for investments |  | (12 | ) |  | (36 | ) |  | (29 | ) |  | 12 |  |  | (65 | )
Net sales (purchases) of short-term investments - non-fiduciary |  | — |  |  | 308 |  |  | 48 |  |  | — |  |  | 356 |
Acquisition of businesses, net of cash acquired |  | — |  |  | — |  |  | (50 | ) |  | — |  |  | (50 | )
Sale of businesses, net of cash sold |  | — |  |  | — |  |  | (8 | ) |  | — |  |  | (8 | )
Capital expenditures |  |  |  |  | — |  |  | (179 | ) |  | — |  |  | (179 | )
Cash provided by (used for) investing activities |  | (12 | ) |  | 288 |  |  | (204 | ) |  | 12 |  |  | 84 |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |
Share repurchase |  | (1,272 | ) |  | — |  |  | — |  |  | — |  |  | (1,272 | )
Advances from (to) affiliates |  | 1,292 |  |  | (1,564 | ) |  | (2,054 | ) |  | 2,326 |  |  | — |
Issuance of shares for employee benefit plans |  | (139 | ) |  | — |  |  | — |  |  | — |  |  | (139 | )
Issuance of debt |  | 1,258 |  |  | 2,701 |  |  | 1 |  |  | — |  |  | 3,960 |
Repayment of debt |  | (700 | ) |  | (2,501 | ) |  | (297 | ) |  | — |  |  | (3,498 | )
Cash dividends to shareholders |  | (285 | ) |  | — |  |  | — |  |  | — |  |  | (285 | )
Noncontrolling interests and other financing activities |  | — |  |  | — |  |  | (21 | ) |  | — |  |  | (21 | )
Cash provided by (used for) financing activities |  | 154 |  |  | (1,364 | ) |  | (2,371 | ) |  | 2,326 |  |  | (1,255 | )
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | (76 | ) |  | — |  |  | (76 | )
Net increase (decrease) in cash and cash equivalents |  | (1 | ) |  | (597 | ) |  | (393 | ) |  | 719 |  |  | (272 | )
Cash and cash equivalents at beginning of period |  | 1 |  |  | 2,524 |  |  | 793 |  |  | (2,562 | ) |  | 756 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 1,927 |  |  | $ | 400 |  |  | $ | (1,843 | ) |  | $ | 484 |

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