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Acquisitions and Dispositions of Businesses | 9 Months Ended
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Sep. 30, 2020
Business Combinations [Abstract] |
Acquisitions and Dispositions of Businesses | Acquisitions and Dispositions of Businesses Completed Acquisitions The Company completed six acquisitions during the nine months ended September 30, 2020 and three acquisitions during the nine months ended September 30, 2019. The following table includes the preliminary fair values of consideration transferred, assets acquired, and liabilities assumed, as a result of the Company’s acquisitions (in millions):
|  | Nine Months Ended September 30, 2020
Consideration transferred |  |
Cash |  | $ | 385 |
Deferred, contingent, and other consideration |  | 34 |
Aggregate consideration transferred |  | $ | 419 |
Assets acquired |  |
Cash and cash equivalents |  | $ | 17 |
Receivables |  | 21 |
Goodwill |  | 315 |
Intangible assets |  | 83 |
Current assets |  | 16 |
Non-current assets |  | 5 |
Total assets acquired |  | 457 |
Liabilities assumed |  |
Current liabilities |  | 27 |
Non-current liabilities |  | 11 |
Total liabilities assumed |  | 38 |
Net assets acquired |  | $ | 419 |
The results of operations of these acquisitions are included in the Financial Statements as of the respective acquisition dates. The Company’s results of operations would not have been materially different if these acquisitions had been reported from the beginning of the period in which they were acquired. 2020 Acquisitions On April 6, 2020, the Company completed the acquisition of 100% share capital of Farmington Administrative Services LLC, a U.S.-based national provider of enrollment solutions and voluntary benefits, and certain assets of other Farmington companies. On January 31, 2020, the Company completed the acquisition of 100% share capital of Cytelligence Inc., a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, security consulting services, and cyber security training for employees to help organizations respond to cyber security threats and strengthen their security position. On January 3, 2020, the Company completed the acquisition of 100% share capital of CoverWallet, Inc., a U.S.-based digital insurance platform for small- and medium-sized businesses. On January 1, 2020, the Company completed the acquisition of 100% share capital of TRIUM GmbH Insurance Broker, an insurance broker based in Germany. On January 1, 2020, the Company completed the acquisition of 100% share capital of Assimedia SA, an insurance broker based in Switzerland. On January 1, 2020, the Company completed the acquisition of 100% share capital of Apollo Conseil et Courtage, an insurance broker based in France. 2019 Acquisitions On July 31, 2019, the Company completed the acquisition of 100% share capital of Ovatio Courtage SAS, an insurance broker based in France. On July 31, 2019, the Company completed the acquisition of 100% share capital of Zalba-Caldu Correduria de Seguros, S.A., a Spanish insurance broker. On January 1, 2019, the Company completed the acquisition of 100% share capital of Chapka Assurances SAS, based in France. Completed Dispositions The Company completed no dispositions during the three months ended September 30, 2020 and one disposition during the nine months ended September 30, 2020. The Company completed two dispositions during the three months ended September 30, 2019 and six dispositions during the nine months ended September 30, 2019. Total pretax gains recognized for the three and nine months ended September 30, 2020 were $0 million and $25 million, respectively. Total pretax gains recognized for the three and nine months ended September 30, 2019 were $1 million and $8 million, respectively. Gains and losses recognized as a result of a disposition are included in Other income (expense) in the Condensed Consolidated Statements of Income. Other Significant Activity On March 9, 2020, Aon and Willis Towers Watson Public Limited Company, an Irish public limited company (“WTW”), entered into a business combination agreement (the “Business Combination Agreement”) with respect to a combination of the parties (the “Combination”). Refer to “Business Combination Agreement” within Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations for further information.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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