v3.25.1
Other Financial Data
 3 Months Ended
Mar. 31, 2025
Other Financial Data [Abstract]  
Other Financial Data Other Financial Data
Condensed Consolidated Statements of Income Information
Other Income (Expense)
Other income (expense) consists of the following (in millions):
Three Months Ended March 31,
20252024
Equity earnings (loss)$(2)$2 
Pension and other postretirement(23)(10)
Foreign currency remeasurement(16)4 
Financial instruments and other (1)
31 79 
Total
$(10)$75 
(1)During the three months ended March 31, 2025 and 2024, a $20 million and $82 million gain was recognized, respectively, related to deferred consideration from the affiliates of The Blackstone Group L.P. and the other designated purchasers related to a divestiture completed in a prior year period. Refer to Note 7 “Acquisitions and Dispositions of Businesses” for additional information.
Condensed Consolidated Statements of Financial Position Information
Allowance for Doubtful Accounts
Changes in the net carrying amount of allowance for doubtful accounts are as follows (in millions):
Three Months Ended March 31,
20252024
Balance at beginning of period$75 $79 
Provision3 5 
Accounts written off, net of recoveries(5)(2)
Foreign currency translation and other1 (1)
Balance at end of period$74 $81 
Other Current Assets
The components of Other current assets are as follows (in millions):
As ofMarch 31,
2025		December 31,
2024
Costs to fulfill contracts with customers (1)
$302 $424 
Prepaid expenses168 135 
Taxes receivable61 43 
Other (2)
167 157 
Total$698 $759 
(1)Refer to Note 3 “Revenue from Contracts with Customers” for further information.
(2)Includes $1 million as of December 31, 2024 that was previously classified as “Assets held for sale” within Aon’s Annual Report on Form 10-K filed February 18, 2025. The prior year balance has been reclassified to conform to current year presentation.
Other Non-Current Assets
The components of Other non-current assets are as follows (in millions):
As of March 31,
2025		December 31,
2024
Costs to obtain contracts with customers (1)
$208 $207 
Investments97 90 
Taxes receivable87 90 
Other (2) (3)
207 611 
Total$599 $998 
(1)Refer to Note 3 “Revenue from Contracts with Customers” for further information.
(2)Includes $9 million as of December 31, 2024 that was previously classified as “Leases” within Aon’s Annual Report on Form 10-K filed February 18, 2025. The prior year balance has been reclassified to conform to current year presentation.
(3)Includes $416 million as of December 31, 2024 of consideration paid into an escrow account related to the acquisition of Griffiths & Armour, which closed on January 1, 2025. Refer to Note 7 “Acquisitions and Dispositions of Businesses” for additional information.
Other Current Liabilities
The components of Other current liabilities are as follows (in millions):
As ofMarch 31,
2025		December 31,
2024
Taxes payable$405 $260 
Deferred revenue (1)
361 280 
Leases189 191 
Contingent consideration62 93 
Other1,114 949 
Total
$2,131 $1,773 
(1)During the three months ended March 31, 2025, revenue of $230 million was recognized in the Condensed Consolidated Statements of Income. During the three months ended March 31, 2024, revenue of $179 million was recognized in the Condensed Consolidated Statements of Income.
Other Non-Current Liabilities
The components of Other non-current liabilities are as follows (in millions):
As ofMarch 31,
2025		December 31,
2024
Taxes payable $914 $885 
Contingent consideration140 104 
Compensation and benefits57 61 
Deferred revenue32 30 
Other96 64 
Total
$1,239 $1,144