Item 5. Other Information

In the third quarter of 2023, the Company initiated a three-year restructuring program, the Accelerating Aon United Program. The Program will include technology-related costs to facilitate streamlining and simplifying operations, headcount reduction costs, and costs associated with asset impairments, including real estate consolidation costs. The Program is currently expected to result in cumulative costs of approximately $1,000 million, consisting of $900 million of cash charges and $100 million of non-cash charges. The Company expects to continue to review the implementation of elements of the Program throughout the course of the Program and, therefore, there may be changes to expected timing, estimates of expected costs, and related savings. Refer to Note 4 “Accelerating Aon United Program” in Notes to Condensed Consolidated Financial Statements under Part I, Item 1 for further information.