| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 2,046 | 1,576 | 982 | 1,986 |
| Gain from sales of businesses | 1 | 0 | - | 333 |
| Depreciation of fixed assets | 140 | 93 | 46 | 136 |
| Amortization and impairment of intangible assets | 593 | 400 | 199 | 318 |
| Share-based compensation expense | 372 | 266 | 147 | 361 |
| Deferred income taxes | -236 | -242 | -117 | -146 |
| Other, net | 116 | 111 | 17 | 126 |
| Receivables, net | 342 | 902 | 742 | 384 |
| Accounts payable and accrued liabilities | -543 | -738 | -846 | -36 |
| Accelerating aon united program liabilities | -29 | 15 | -6 | 43 |
| Current income taxes | -141 | -73 | 152 | -119 |
| Pension, other postretirement and postemployment liabilities | -17 | -12 | -8 | -25 |
| Other assets and liabilities | -358 | -664 | -350 | -160 |
| Cash provided by operating activities | 2,084 | 936 | 140 | 1,835 |
| Proceeds from investments | 114 | 71 | 20 | 186 |
| Purchases of investments | 139 | 42 | 19 | 136 |
| Net purchases of short-term investments - non fiduciary | -16 | 153 | 145 | -182 |
| Acquisition of businesses, net of cash and funds held on behalf of clients | 276 | 143 | 116 | 3,011 |
| Sale of businesses, net of cash and funds held on behalf of clients | 112 | 119 | 24 | 686 |
| Capital expenditures | 189 | 120 | 56 | 163 |
| Cash used for investing activities | -362 | -268 | -292 | -2,256 |
| Share repurchase | 750 | 500 | 250 | 800 |
| Proceeds from issuance of shares | 60 | 33 | 30 | 61 |
| Cash paid for employee taxes on withholding shares | 201 | 194 | 141 | 190 |
| Commercial paper issuances, net of repayments | 376 | 480 | 594 | -591 |
| Issuance of debt | 0 | 0 | 0 | 7,926 |
| Repayment of debt | 700 | 300 | - | 4,878 |
| Increase in fiduciary liabilities, net of fiduciary receivables | 706 | 569 | -355 | 609 |
| Cash dividends to shareholders | 468 | 308 | 147 | 416 |
| Redeemable and nonredeemable noncontrolling interests, and other financing activities | -164 | -153 | -80 | -156 |
| Cash provided by (used for) financing activities | -1,141 | -373 | -349 | 1,565 |
| Effect of exchange rates on cash and cash equivalents and funds held on behalf of clients | 606 | 696 | 196 | 177 |
| Net increase in cash and cash equivalents and funds held on behalf of clients | 1,187 | 991 | -305 | 1,321 |
| Cash and cash equivalents at beginning of period | 8,333 | 8,333 | 8,333 | 7,722 |
| Cash and cash equivalents at end of period | 9,520 | 9,324 | 8,028 | 9,043 |
Aon plc (AON)
Aon plc (AON)