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Guarantee of Registered Securities (Tables) | 3 Months Ended
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Mar. 31, 2020
Guarantee of Registered Securities [Abstract] |
Condensed Consolidating Statements of Income | Condensed Consolidating Statement of Income
|  | Three Months Ended March 31, 2020
(millions) |  | Aon Ireland |  | Aon UK |  | Aon Global Holdings Limited |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,219 |  |  | $ | — |  |  | $ | 3,219 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | — |  |  | 12 |  |  | — |  |  | (12 | ) |  | 1,522 |  |  | — |  |  | 1,522 |
Information technology |  | — |  |  | — |  |  | — |  |  | — |  |  | 111 |  |  | — |  |  | 111 |
Premises |  | — |  |  | — |  |  | — |  |  | 5 |  |  | 68 |  |  | — |  |  | 73 |
Depreciation of fixed assets |  | — |  |  | — |  |  | — |  |  | — |  |  | 41 |  |  | — |  |  | 41 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | — |  |  | — |  |  | 97 |  |  | — |  |  | 97 |
Other general expense |  | — |  |  | 26 |  |  | — |  |  | 1 |  |  | 315 |  |  | — |  |  | 342 |
Total operating expenses |  | — |  |  | 38 |  |  | — |  |  | (6 | ) |  | 2,154 |  |  | — |  |  | 2,186 |
Operating income (loss) |  | — |  |  | (38 | ) |  | — |  |  | 6 |  |  | 1,065 |  |  | — |  |  | 1,033 |
Interest income |  | — |  |  | — |  |  | — |  |  | 10 |  |  | 14 |  |  | (22 | ) |  | 2 |
Interest expense |  | — |  |  | (54 | ) |  | (11 | ) |  | (39 | ) |  | (1 | ) |  | 22 |  |  | (83 | )
Intercompany interest income (expense) |  | — |  |  | 8 |  |  | — |  |  | (113 | ) |  | 105 |  |  | — |  |  | — |
Intercompany other income (expense) |  | — |  |  | 81 |  |  | — |  |  | (128 | ) |  | 47 |  |  | — |  |  | — |
Other income (expense) |  | — |  |  | — |  |  | — |  |  | (42 | ) |  | 72 |  |  | (1 | ) |  | 29 |
Income (loss) from continuing operations before income taxes |  | — |  |  | (3 | ) |  | (11 | ) |  | (306 | ) |  | 1,302 |  |  | (1 | ) |  | 981 |
Income tax expense (benefit) |  | — |  |  | (17 | ) |  | (2 | ) |  | (48 | ) |  | 256 |  |  | — |  |  | 189 |
Net income (loss) from continuing operations |  | — |  |  | 14 |  |  | (9 | ) |  | (258 | ) |  | 1,046 |  |  | (1 | ) |  | 792 |
Net income (loss) from discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net income (loss) before equity in earnings of subsidiaries |  | — |  |  | 14 |  |  | (9 | ) |  | (258 | ) |  | 1,045 |  |  | (1 | ) |  | 791 |
Equity in earnings of subsidiaries |  | 773 |  |  | 759 |  |  | 614 |  |  | 862 |  |  | — |  |  | (3,008 | ) |  | — |
Net income |  | 773 |  |  | 773 |  |  | 605 |  |  | 604 |  |  | 1,045 |  |  | (3,009 | ) |  | 791 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | 19 |  |  | — |  |  | 19 |
Net income attributable to Aon shareholders |  | $ | 773 |  |  | $ | 773 |  |  | $ | 605 |  |  | $ | 604 |  |  | $ | 1,026 |  |  | $ | (3,009 | ) |  | $ | 772 |
Condensed Consolidating Statement of Income
|  | Three Months Ended March 31, 2019
(millions) |  | Aon Ireland |  | Aon UK |  | Aon Global Holdings Limited |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,143 |  |  | $ | — |  |  | $ | 3,143 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | — |  |  | 20 |  |  | — |  |  | 8 |  |  | 1,556 |  |  | — |  |  | 1,584 |
Information technology |  | — |  |  | — |  |  | — |  |  | — |  |  | 117 |  |  | — |  |  | 117 |
Premises |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 83 |  |  | — |  |  | 87 |
Depreciation of fixed assets |  | — |  |  | — |  |  | — |  |  | — |  |  | 40 |  |  | — |  |  | 40 |
Amortization and impairment of intangible assets |  | — |  |  | — |  |  | — |  |  | — |  |  | 97 |  |  | — |  |  | 97 |
Other general expense |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 345 |  |  | — |  |  | 346 |
Total operating expenses |  | — |  |  | 20 |  |  | — |  |  | 13 |  |  | 2,238 |  |  | — |  |  | 2,271 |
Operating income (loss) |  | — |  |  | (20 | ) |  | — |  |  | (13 | ) |  | 905 |  |  | — |  |  | 872 |
Interest income |  | — |  |  | — |  |  | — |  |  | 9 |  |  | 20 |  |  | (27 | ) |  | 2 |
Interest expense |  | — |  |  | (46 | ) |  | (24 | ) |  | (28 | ) |  | (1 | ) |  | 27 |  |  | (72 | )
Intercompany interest income (expense) |  | — |  |  | 4 |  |  | — |  |  | (116 | ) |  | 112 |  |  | — |  |  | — |
Intercompany other income (expense) |  | — |  |  | 31 |  |  | — |  |  | (94 | ) |  | 63 |  |  | — |  |  | — |
Other income (expense) |  | — |  |  | 5 |  |  | — |  |  | (11 | ) |  | 8 |  |  | (2 | ) |  | — |
Income (loss) from continuing operations before income taxes |  | — |  |  | (26 | ) |  | (24 | ) |  | (253 | ) |  | 1,107 |  |  | (2 | ) |  | 802 |
Income tax expense (benefit) |  | — |  |  | (5 | ) |  | (5 | ) |  | (42 | ) |  | 178 |  |  | — |  |  | 126 |
Net income (loss) from continuing operations |  | — |  |  | (21 | ) |  | (19 | ) |  | (211 | ) |  | 929 |  |  | (2 | ) |  | 676 |
Net income (loss) from discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) before equity in earnings of subsidiaries |  | — |  |  | (21 | ) |  | (19 | ) |  | (211 | ) |  | 929 |  |  | (2 | ) |  | 676 |
Equity in earnings of subsidiaries |  | — |  |  | 682 |  |  | 619 |  |  | 724 |  |  | — |  |  | (2,025 | ) |  | — |
Net income |  | — |  |  | 661 |  |  | 600 |  |  | 513 |  |  | 929 |  |  | (2,027 | ) |  | 676 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | 17 |  |  | — |  |  | 17 |
Net income attributable to Aon shareholders |  | $ | — |  |  | $ | 661 |  |  | $ | 600 |  |  | $ | 513 |  |  | $ | 912 |  |  | $ | (2,027 | ) |  | $ | 659 |
Condensed Consolidating Statements of Comprehensive Income | Condensed Consolidating Statement of Comprehensive Income
|  | Three Months Ended March 31, 2020
(millions) |  | Aon Ireland |  | Aon UK |  | Aon Global Holdings Limited |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income |  | $ | 773 |  |  | $ | 773 |  |  | $ | 605 |  |  | $ | 604 |  |  | $ | 1,045 |  |  | $ | (3,009 | ) |  | $ | 791 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | 19 |  |  | — |  |  | 19 |
Net income attributable to Aon shareholders |  | 773 |  |  | 773 |  |  | 605 |  |  | 604 |  |  | 1,026 |  |  | (3,009 | ) |  | 772 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | — |  |  | — |  |  | (2 | ) |  | (3 | ) |  | — |  |  | (5 | )
Foreign currency translation adjustments |  | — |  |  | — |  |  | — |  |  | — |  |  | (398 | ) |  | 1 |  |  | (397 | )
Postretirement benefit obligation |  | — |  |  | — |  |  | — |  |  | 13 |  |  | 11 |  |  | — |  |  | 24 |
Total other comprehensive income (loss) |  | — |  |  | — |  |  | — |  |  | 11 |  |  | (390 | ) |  | 1 |  |  | (378 | )
Equity in other comprehensive income (loss) of subsidiaries, net of tax |  | (377 | ) |  | (377 | ) |  | (370 | ) |  | (381 | ) |  | — |  |  | 1,505 |  |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Total other comprehensive income (loss) attributable to Aon shareholders |  | (377 | ) |  | (377 | ) |  | (370 | ) |  | (370 | ) |  | (388 | ) |  | 1,506 |  |  | (376 | )
Comprehensive income attributable to Aon shareholders |  | $ | 396 |  |  | $ | 396 |  |  | $ | 235 |  |  | $ | 234 |  |  | $ | 638 |  |  | $ | (1,503 | ) |  | $ | 396 |
Condensed Consolidating Statement of Comprehensive Income
|  | Three Months Ended March 31, 2019
(millions) |  | Aon Ireland |  | Aon UK |  | Aon Global Holdings Limited |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net income |  | $ | — |  |  | $ | 661 |  |  | $ | 600 |  |  | $ | 513 |  |  | $ | 929 |  |  | $ | (2,027 | ) |  | $ | 676 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | 17 |  |  | — |  |  | 17 |
Net income attributable to Aon shareholders |  | — |  |  | 661 |  |  | 600 |  |  | 513 |  |  | 912 |  |  | (2,027 | ) |  | 659 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of financial instruments |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 5 |  |  | — |  |  | 7 |
Foreign currency translation adjustments |  | — |  |  | — |  |  | — |  |  | — |  |  | 131 |  |  | 2 |  |  | 133 |
Postretirement benefit obligation |  | — |  |  | — |  |  | — |  |  | 22 |  |  | 9 |  |  | — |  |  | 31 |
Total other comprehensive income (loss) |  | — |  |  | — |  |  | — |  |  | 24 |  |  | 145 |  |  | 2 |  |  | 171 |
Equity in other comprehensive income (loss) of subsidiaries, net of tax |  | — |  |  | 167 |  |  | 139 |  |  | 115 |  |  | — |  |  | (421 | ) |  | — |
Less: Other comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Total other comprehensive income (loss) attributable to Aon shareholders |  | — |  |  | 167 |  |  | 139 |  |  | 139 |  |  | 143 |  |  | (419 | ) |  | 169 |
Comprehensive income attributable to Aon shareholders |  | $ | — |  |  | $ | 828 |  |  | $ | 739 |  |  | $ | 652 |  |  | $ | 1,055 |  |  | $ | (2,446 | ) |  | $ | 828 |
Condensed Consolidating Statements of Financial Position | Condensed Consolidating Statement of Financial Position
|  | As of March 31, 2020
(millions) |  | Aon Ireland |  | Aon UK |  | Aon Global Holdings Limited |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | — |  |  | $ | 36 |  |  | $ | 194 |  |  | $ | 1,698 |  |  | $ | (1,238 | ) |  | $ | 690 |
Short-term investments |  | — |  |  | — |  |  | — |  |  | 57 |  |  | 113 |  |  | — |  |  | 170 |
Receivables, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,554 |  |  | — |  |  | 3,554 |
Fiduciary assets |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,401 |  |  | — |  |  | 12,401 |
Current intercompany receivables |  | — |  |  | 208 |  |  | 90 |  |  | 2,710 |  |  | 14,875 |  |  | (17,883 | ) |  | — |
Other current assets |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 526 |  |  | — |  |  | 530 |
Total current assets |  | — |  |  | 208 |  |  | 126 |  |  | 2,965 |  |  | 33,167 |  |  | (19,121 | ) |  | 17,345 |
Goodwill |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,293 |  |  | — |  |  | 8,293 |
Intangible assets, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 746 |  |  | — |  |  | 746 |
Fixed assets, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 666 |  |  | — |  |  | 666 |
Operating lease right-of-use assets |  | — |  |  | — |  |  | — |  |  | 103 |  |  | 794 |  |  | — |  |  | 897 |
Deferred tax assets |  | — |  |  | 89 |  |  | 4 |  |  | 589 |  |  | 150 |  |  | (194 | ) |  | 638 |
Prepaid pension |  | — |  |  | — |  |  | — |  |  | 7 |  |  | 1,157 |  |  | — |  |  | 1,164 |
Non-current intercompany receivables |  | — |  |  | 397 |  |  | — |  |  | 261 |  |  | 7,044 |  |  | (7,702 | ) |  | — |
Other non-current assets |  | — |  |  | — |  |  | — |  |  | 25 |  |  | 508 |  |  | — |  |  | 533 |
Investment in subsidiary |  | 3,169 |  |  | 8,650 |  |  | 8,871 |  |  | 19,973 |  |  | — |  |  | (40,663 | ) |  | — |
Total assets |  | $ | 3,169 |  |  | $ | 9,344 |  |  | $ | 9,001 |  |  | $ | 23,923 |  |  | $ | 52,525 |  |  | $ | (67,680 | ) |  | $ | 30,282 |
Liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | — |  |  | $ | 1,345 |  |  | $ | — |  |  | $ | 49 |  |  | $ | 1,393 |  |  | $ | (1,238 | ) |  | $ | 1,549 |
Short-term debt and current portion of long-term debt |  | — |  |  | 696 |  |  | — |  |  | 1,136 |  |  | 52 |  |  | — |  |  | 1,884 |
Fiduciary liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,401 |  |  | — |  |  | 12,401 |
Current intercompany payables |  | — |  |  | 310 |  |  | 61 |  |  | 16,321 |  |  | 1,191 |  |  | (17,883 | ) |  | — |
Other current liabilities |  | — |  |  | — |  |  | — |  |  | 82 |  |  | 1,195 |  |  | — |  |  | 1,277 |
Total current liabilities |  | — |  |  | 2,351 |  |  | 61 |  |  | 17,588 |  |  | 16,232 |  |  | (19,121 | ) |  | 17,111 |
Long-term debt |  | — |  |  | 3,822 |  |  | — |  |  | 2,405 |  |  | — |  |  | — |  |  | 6,227 |
Non-current operating lease liabilities |  | — |  |  | — |  |  | — |  |  | 136 |  |  | 774 |  |  | — |  |  | 910 |
Deferred tax liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  | 383 |  |  | (194 | ) |  | 189 |
Pension, other postretirement, and postemployment liabilities |  | — |  |  | — |  |  | — |  |  | 1,287 |  |  | 368 |  |  | — |  |  | 1,655 |
Non-current intercompany payables |  | — |  |  | — |  |  | — |  |  | 7,210 |  |  | 492 |  |  | (7,702 | ) |  | — |
Other non-current liabilities |  | — |  |  | 2 |  |  | — |  |  | 115 |  |  | 813 |  |  | — |  |  | 930 |
Total liabilities |  | — |  |  | 6,175 |  |  | 61 |  |  | 28,741 |  |  | 19,062 |  |  | (27,017 | ) |  | 27,022 |
Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Aon shareholders’ equity |  | 3,169 |  |  | 3,169 |  |  | 8,940 |  |  | (4,818 | ) |  | 33,372 |  |  | (40,663 | ) |  | 3,169 |
Noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | 91 |  |  | — |  |  | 91 |
Total equity |  | 3,169 |  |  | 3,169 |  |  | 8,940 |  |  | (4,818 | ) |  | 33,463 |  |  | (40,663 | ) |  | 3,260 |
Total liabilities and equity |  | $ | 3,169 |  |  | $ | 9,344 |  |  | $ | 9,001 |  |  | $ | 23,923 |  |  | $ | 52,525 |  |  | $ | (67,680 | ) |  | $ | 30,282 |
Condensed Consolidating Statement of Financial Position
|  | As of December 31, 2019
(millions) |  | Aon Ireland |  | Aon UK |  | Aon Global Holdings Limited |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,271 |  |  | $ | 2,619 |  |  | $ | (4,100 | ) |  | $ | 790 |
Short-term investments |  | — |  |  | — |  |  | — |  |  | 28 |  |  | 110 |  |  | — |  |  | 138 |
Receivables, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,112 |  |  | — |  |  | 3,112 |
Fiduciary assets |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,834 |  |  | — |  |  | 11,834 |
Current intercompany receivables |  | — |  |  | 246 |  |  | 89 |  |  | 1,214 |  |  | 12,710 |  |  | (14,259 | ) |  | — |
Other current assets |  | — |  |  | — |  |  | — |  |  | 7 |  |  | 595 |  |  | — |  |  | 602 |
Total current assets |  | — |  |  | 246 |  |  | 89 |  |  | 3,520 |  |  | 30,980 |  |  | (18,359 | ) |  | 16,476 |
Goodwill |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,165 |  |  | — |  |  | 8,165 |
Intangible assets, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 783 |  |  | — |  |  | 783 |
Fixed assets, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 621 |  |  | — |  |  | 621 |
Operating lease right-of-use assets |  | — |  |  | — |  |  | — |  |  | 110 |  |  | 819 |  |  | — |  |  | 929 |
Deferred tax assets |  | — |  |  | 89 |  |  | 4 |  |  | 577 |  |  | 165 |  |  | (190 | ) |  | 645 |
Prepaid pension |  | — |  |  | — |  |  | — |  |  | 7 |  |  | 1,209 |  |  | — |  |  | 1,216 |
Non-current intercompany receivables |  | — |  |  | 868 |  |  | — |  |  | 261 |  |  | 7,046 |  |  | (8,175 | ) |  | — |
Other non-current assets |  | — |  |  | — |  |  | — |  |  | 32 |  |  | 538 |  |  | — |  |  | 570 |
Investment in subsidiary |  | 3,375 |  |  | 8,899 |  |  | 12,211 |  |  | 19,470 |  |  | — |  |  | (43,955 | ) |  | — |
Total assets |  | $ | 3,375 |  |  | $ | 10,102 |  |  | $ | 12,304 |  |  | $ | 23,977 |  |  | $ | 50,326 |  |  | $ | (70,679 | ) |  | $ | 29,405 |
Liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | — |  |  | $ | 2,157 |  |  | $ | 1,994 |  |  | $ | 56 |  |  | $ | 1,832 |  |  | $ | (4,100 | ) |  | $ | 1,939 |
Short-term debt and current portion of long-term debt |  | — |  |  | 112 |  |  | — |  |  | 600 |  |  | — |  |  | — |  |  | 712 |
Fiduciary liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,834 |  |  | — |  |  | 11,834 |
Current intercompany payables |  | — |  |  | 234 |  |  | 61 |  |  | 12,978 |  |  | 986 |  |  | (14,259 | ) |  | — |
Other current liabilities |  | — |  |  | — |  |  | — |  |  | 80 |  |  | 1,006 |  |  | — |  |  | 1,086 |
Total current liabilities |  | — |  |  | 2,503 |  |  | 2,055 |  |  | 13,714 |  |  | 15,658 |  |  | (18,359 | ) |  | 15,571 |
Long-term debt |  | — |  |  | 4,223 |  |  | — |  |  | 2,404 |  |  | — |  |  | — |  |  | 6,627 |
Non-current operating lease liabilities |  | — |  |  | — |  |  | — |  |  | 143 |  |  | 801 |  |  | — |  |  | 944 |
Deferred tax liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  | 389 |  |  | (190 | ) |  | 199 |
Pension, other postretirement, and postemployment liabilities |  | — |  |  | — |  |  | — |  |  | 1,348 |  |  | 390 |  |  | — |  |  | 1,738 |
Non-current intercompany payables |  | — |  |  | — |  |  | — |  |  | 7,212 |  |  | 963 |  |  | (8,175 | ) |  | — |
Other non-current liabilities |  | — |  |  | 1 |  |  | — |  |  | 113 |  |  | 763 |  |  | — |  |  | 877 |
Total liabilities |  | — |  |  | 6,727 |  |  | 2,055 |  |  | 24,934 |  |  | 18,964 |  |  | (26,724 | ) |  | 25,956 |
Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Aon shareholders’ equity |  | 3,375 |  |  | 3,375 |  |  | 10,249 |  |  | (957 | ) |  | 31,288 |  |  | (43,955 | ) |  | 3,375 |
Noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | 74 |  |  | — |  |  | 74 |
Total equity |  | 3,375 |  |  | 3,375 |  |  | 10,249 |  |  | (957 | ) |  | 31,362 |  |  | (43,955 | ) |  | 3,449 |
Total liabilities and equity |  | $ | 3,375 |  |  | $ | 10,102 |  |  | $ | 12,304 |  |  | $ | 23,977 |  |  | $ | 50,326 |  |  | $ | (70,679 | ) |  | $ | 29,405 |
Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statement of Cash Flows
|  | Three Months Ended March 31, 2020
(millions) |  | Aon Ireland |  | Aon UK |  | Aon Global Holdings Limited |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash provided by (used for) operating activities |  | $ | — |  |  | $ | 1,561 |  |  | $ | 3,648 |  |  | $ | (512 | ) |  | $ | 852 |  |  | $ | (5,211 | ) |  | $ | 338 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from investments |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 4 |  |  | — |  |  | 6 |
Payments for investments |  | — |  |  | (450 | ) |  | (518 | ) |  | (30 | ) |  | (13 | ) |  | 968 |  |  | (43 | )
Net sales (purchases) of short-term investments - non-fiduciary |  | — |  |  | — |  |  | — |  |  | (28 | ) |  | (10 | ) |  | — |  |  | (38 | )
Acquisition of businesses, net of cash acquired |  | — |  |  | — |  |  | — |  |  | — |  |  | (334 | ) |  | — |  |  | (334 | )
Sale of businesses, net of cash sold |  | — |  |  | — |  |  | — |  |  | — |  |  | 30 |  |  | — |  |  | 30 |
Capital expenditures |  | — |  |  | — |  |  | — |  |  | — |  |  | (59 | ) |  | — |  |  | (59 | )
Cash provided by (used for) investing activities |  | — |  |  | (450 | ) |  | (518 | ) |  | (56 | ) |  | (382 | ) |  | 968 |  |  | (438 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share repurchase |  | — |  |  | (463 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (463 | )
Advances from (to) affiliates |  | — |  |  | (618 | ) |  | (3,094 | ) |  | (2,044 | ) |  | (1,349 | ) |  | 7,105 |  |  | — |
Issuance of shares for employee benefit plans |  | — |  |  | (112 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (112 | )
Issuance of debt |  | — |  |  | 457 |  |  | — |  |  | 1,603 |  |  | — |  |  |  |  | 2,060 |
Repayment of debt |  | — |  |  | (273 | ) |  | — |  |  | (1,068 | ) |  | — |  |  | — |  |  | (1,341 | )
Cash dividends to shareholders |  | — |  |  | (102 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (102 | )
Noncontrolling interests and other financing activities |  | — |  |  | — |  |  | — |  |  | — |  |  | 40 |  |  | — |  |  | 40 |
Cash provided by (used for) financing activities |  | — |  |  | (1,111 | ) |  | (3,094 | ) |  | (1,509 | ) |  | (1,309 | ) |  | 7,105 |  |  | 82 |
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | — |  |  | — |  |  | (82 | ) |  | — |  |  | (82 | )
Net increase (decrease) in cash and cash equivalents |  | — |  |  | — |  |  | 36 |  |  | (2,077 | ) |  | (921 | ) |  | 2,862 |  |  | (100 | )
Cash and cash equivalents at beginning of period |  | — |  |  | — |  |  | — |  |  | 2,271 |  |  | 2,619 |  |  | (4,100 | ) |  | 790 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | — |  |  | $ | 36 |  |  | $ | 194 |  |  | $ | 1,698 |  |  | $ | (1,238 | ) |  | $ | 690 |
Condensed Consolidating Statement of Cash Flows
|  | Three Months Ended March 31, 2019
(millions) |  | Aon Ireland |  | Aon UK |  | Aon Global Holdings Limited |  | Aon Corporation |  | Other Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash provided by (used for) operating activities |  | $ | — |  |  | $ | (11 | ) |  | $ | 529 |  |  | $ | (34 | ) |  | $ | 143 |  |  | $ | (553 | ) |  | $ | 74 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from investments |  | — |  |  | — |  |  | 72 |  |  | 8 |  |  | 4 |  |  | (72 | ) |  | 12 |
Payments for investments |  | — |  |  | — |  |  | — |  |  | (9 | ) |  | (77 | ) |  | 72 |  |  | (14 | )
Net sales (purchases) of short-term investments - non-fiduciary |  | — |  |  | — |  |  | — |  |  | 9 |  |  | 32 |  |  | — |  |  | 41 |
Acquisition of businesses, net of cash acquired |  | — |  |  | — |  |  | — |  |  | — |  |  | (15 | ) |  | — |  |  | (15 | )
Sale of businesses, net of cash sold |  | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Capital expenditures |  |  |  |  |  |  |  | — |  |  | (57 | ) |  | — |  |  | (57 | )
Cash provided by (used for) investing activities |  | — |  |  | — |  |  | 72 |  |  | 8 |  |  | (107 | ) |  | — |  |  | (27 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share repurchase |  | — |  |  | (100 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (100 | )
Advances from (to) affiliates |  | — |  |  | 305 |  |  | (601 | ) |  | (265 | ) |  | (550 | ) |  | 1,111 |  |  | — |
Issuance of shares for employee benefit plans |  | — |  |  | (98 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (98 | )
Issuance of debt |  | — |  |  | 384 |  |  | — |  |  | 485 |  |  | 2 |  |  | — |  |  | 871 |
Repayment of debt |  | — |  |  | (384 | ) |  | — |  |  | (310 | ) |  | — |  |  | — |  |  | (694 | )
Cash dividends to shareholders |  | — |  |  | (96 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (96 | )
Noncontrolling interests and other financing activities |  | — |  |  | — |  |  | — |  |  | — |  |  | (23 | ) |  | — |  |  | (23 | )
Cash provided by (used for) financing activities |  | — |  |  | 11 |  |  | (601 | ) |  | (90 | ) |  | (571 | ) |  | 1,111 |  |  | (140 | )
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | — |  |  | — |  |  | 37 |  |  | — |  |  | 37 |
Net increase (decrease) in cash and cash equivalents |  | — |  |  | — |  |  | — |  |  | (116 | ) |  | (498 | ) |  | 558 |  |  | (56 | )
Cash and cash equivalents at beginning of period |  | — |  |  | — |  |  | — |  |  | 862 |  |  | 3,473 |  |  | (3,679 | ) |  | 656 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 746 |  |  | $ | 2,975 |  |  | $ | (3,121 | ) |  | $ | 600 |

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