Investor Presentaiton
AON
Appendix D: Other Income (Expense) Under Pension Accounting
Standard Effective 1/1/2018 (ASU No. 2017-07)
With the exception of service cost, all financial components of net periodic pension cost and net periodic
postretirement benefit cost shifted from above the line in compensation and benefits expense to below the line
in other income / expense.
Based on current assumptions, our best estimate is approximately $66 million of non-cash pension expense in
2023 spread evenly throughout each quarter as part of other income / expense, excluding all other items we do
not forecast that could be favorable or unfavorable in any given period.
(millions)
Q1'23
Q2'23
Other income (expense) - Pension - Non-GAAP
$(17)
$(16)
Other income (expense) – Other
-
$(8)
$(16)
Total Other income (expense) - Non-GAAP
$(25)
$(32)
Pension Settlements
(27)
Gain on Sale of Business
Total Other income (expense) - U.S. GAAP
$(25)
$(59)
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