| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 1,239 | 1,704 | 470 | 594 |
| Gain from sales of businesses | 20 | 1,200 | 1 | 0 |
| Depreciation of fixed assets | 46 | 48 | 47 | 47 |
| Amortization and impairment of intangible assets | 152 | 185 | 193 | 201 |
| Share-based compensation expense | 82 | 60 | 106 | 119 |
| Deferred income taxes | -49 | 95 | 6 | -125 |
| Other, net | -1 | 17 | 5 | 94 |
| Receivables, net | 905 | -85 | -560 | 160 |
| Accounts payable and accrued liabilities | -656 | 388 | 195 | 108 |
| Accelerating aon united program liabilities | 14 | 56 | -44 | 21 |
| Current income taxes | 243 | 255 | -68 | -225 |
| Pension, other postretirement and postemployment liabilities | -14 | 1 | -5 | -4 |
| Other assets and liabilities | -297 | 263 | 306 | -314 |
| Cash provided by operating activities | 430 | 1,397 | 1,148 | 796 |
| Proceeds from investments | 17 | 31 | 43 | 51 |
| Purchases of investments | 19 | 33 | 97 | 23 |
| Net sale (purchases) of short-term investments - non fiduciary | -1,363 | 1,395 | -169 | 8 |
| Acquisition of businesses, net of cash and funds held on behalf of clients | 296 | 118 | 133 | 27 |
| Sale of businesses, net of cash and funds held on behalf of clients | 1 | 2,237 | -7 | 95 |
| Capital expenditures | 67 | 74 | 69 | 64 |
| Cash provided by (used for) investing activities | 999 | 648 | -94 | 24 |
| Share repurchase | 500 | 250 | 250 | 250 |
| Proceeds from issuance of shares | 25 | 10 | 27 | 3 |
| Cash paid for employee taxes on withholding shares | 93 | 7 | 7 | 53 |
| Commercial paper issuances, net of repayments | 0 | -400 | -104 | -114 |
| Issuance of debt | NaN | 0 | 0 | 0 |
| Repayment of debt | 593 | 1,150 | 400 | 300 |
| Increase (decrease) in fiduciary liabilities, net of fiduciary receivables | 955 | -1,072 | 137 | 924 |
| Cash dividends to shareholders | 162 | 161 | 160 | 161 |
| Redeemable and nonredeemable noncontrolling interests, and other financing activities | -73 | -34 | -11 | -73 |
| Cash used for financing activities | -441 | -3,064 | -768 | -24 |
| Effect of exchange rates on cash and cash equivalents and funds held on behalf of clients | -97 | 72 | -90 | 500 |
| Net increase (decrease) in cash and cash equivalents and funds held on behalf of clients | 891 | -947 | 196 | 1,296 |
| Cash, cash equivalents and funds held on behalf of clients at beginning of period | 8,573 | 9,520 | 9,324 | 8,028 |
| Cash, cash equivalents and funds held on behalf of clients at end of period | 9,464 | 8,573 | 9,520 | 9,324 |
Aon plc (AON)
Aon plc (AON)