United states securities and exchange commission

(1) Advances from (to) affiliates and other includes activity related to the Company’s intercompany and cash pooling arrangements.

108

Condensed Consolidating Statement of Cash Flows

	Year Ended December 31, 2014
(millions)	Aon plc				Aon Corporation				Other Non-Guarantor Subsidiaries				Consolidating Adjustments				Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	$	769			$	(927	)		$	1,970			$	—			$	1,812
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from investments	—				39				13				—				52
Payments for investments	—				(20		)		—				—				(20		)
Net sales of short-term investments - non-fiduciary	—				(3		)		113				—				110
Acquisition of businesses, net of cash acquired	—				—				(479		)		—				(479		)
Proceeds from sale of businesses	—				—				48				—				48
Capital expenditures	—				—				(256		)		—				(256		)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—				16				(561		)		—				(545		)
CASH FLOWS FROM FINANCING ACTIVITIES
Share repurchase	(2,250		)		—				—				—				(2,250		)
Advances from (to) affiliates	19				3,215				(536		)		(2,698		)		—
Issuance of shares for employee benefit plans	(105		)		—				—				—				(105		)
Issuance of debt	2,908				2,326				5				—				5,239
Repayment of debt	(1,068		)		(2,150		)		(700		)		—				(3,918		)
Cash dividends to shareholders	(273		)		—				—				—				(273		)
Noncontrolling interests and other financing activities	—				—				4				—				4
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	(769		)		3,391				(1,227		)		(2,698		)		(1,303		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—				—				(67		)		—				(67		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—				2,480				115				(2,698		)		(103		)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	—				247				1,246				(1,016		)		477
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	—			$	2,727			$	1,361			$	(3,714	)		$	374