Attached files
file | filename |
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EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - MARSH & MCLENNAN COMPANIES, INC. | mmc12312015ex_312.htm |
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MARSH & MCLENNAN COMPANIES, INC. | mmc12312015ex_311.htm |
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - MARSH & MCLENNAN COMPANIES, INC. | mmc12312015ex_231.htm |
EX-21.1 - LIST OF SUBSIDIARIES OF MMC - MARSH & MCLENNAN COMPANIES, INC. | mmc12312015ex_211.htm |
EX-32.1 - SECTION 1350 CERTIFICATIONS - MARSH & MCLENNAN COMPANIES, INC. | mmc12312015ex_321.htm |
10-K - FORM 10-K - MARSH & MCLENNAN COMPANIES, INC. | mmc1231201510k.htm |
Exhibit 12.1
Marsh & McLennan Companies, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(In millions, except ratios)
Years Ended December 31, | ||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Income before income taxes | $ | 2,307 | $ | 2,057 | $ | 1,973 | $ | 1,696 | $ | 1,404 | ||||||||||
Interest expense | 163 | 165 | 167 | 181 | 199 | |||||||||||||||
Portion of rents representative of the interest factor | 127 | 131 | 134 | 139 | 143 | |||||||||||||||
$ | 2,597 | $ | 2,353 | $ | 2,274 | $ | 2,016 | $ | 1,746 | |||||||||||
Fixed Charges | ||||||||||||||||||||
Interest expense | $ | 163 | $ | 165 | $ | 167 | $ | 181 | $ | 199 | ||||||||||
Portion of rents representative of the interest factor | 127 | 131 | 134 | 139 | 143 | |||||||||||||||
$ | 290 | $ | 296 | $ | 301 | $ | 320 | $ | 342 | |||||||||||
Ratio of Earnings to Fixed Charges | 9.0 | 7.9 | 7.6 | 6.3 | 5.1 |