Aon plc - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - April 29, 2016

Attached files

file filename
EX-10.10 - EXHIBIT 10.10 - Aon plca1010firstamendment-eccomb.htm
EX-32.1 - EXHIBIT 32.1 - Aon plca321certificationofceoq120.htm
EX-10.1 - EXHIBIT 10.1 - Aon plca101lenderconsentforextens.htm
EX-10.6 - EXHIBIT 10.6 - Aon plca106internationalassignmen.htm
EX-10.9 - EXHIBIT 10.9 - Aon plca109firstamendment-2011inc.htm
EX-10.11 - EXHIBIT 10.11 - Aon plca1011amendment-gregcasetie.htm
EX-32.2 - EXHIBIT 32.2 - Aon plca322certificationofcfoq120.htm
EX-10.4 - EXHIBIT 10.4 - Aon plca104internationalassignmen.htm
EX-31.1 - EXHIBIT 31.1 - Aon plca311certificationofceoq120.htm
EX-10.8 - EXHIBIT 10.8 - Aon plca108firstamendment-executi.htm
EX-10.7 - EXHIBIT 10.7 - Aon plca107internationalassignmen.htm
EX-10.5 - EXHIBIT 10.5 - Aon plca105internationalassignmen.htm
EX-10.3 - EXHIBIT 10.3 - Aon plca103executivecommitteeince.htm
EX-31.2 - EXHIBIT 31.2 - Aon plca312certificationofcfoq120.htm
EX-10.2 - EXHIBIT 10.2 - Aon plca102leadershipperformancep.htm
10-Q - 10-Q - Aon plcq12016aonplc10-q.htm


Exhibit 12.1
Aon plc and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges

 
 
Three Months Ended March 31,
 
Years Ended December 31,
(millions except ratio)
 
2016
 
2015
 
2015
 
2014
 
2013
 
2012
Income from continuing operations before income taxes and noncontrolling interests (1)
 
$
401

 
$
421

 
$
1,689

 
$
1,765

 
$
1,538

 
$
1,380

Less: Equity in earnings on less than 50% owned entities
 
2

 
2

 
13

 
12

 
20

 
13

Add back fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on indebtedness
 
69

 
65

 
273

 
255

 
210

 
228

     Interest on uncertain tax positions
 
—

 
(5
)
 
—

 
4

 
5

 
5

     Portion of rents representative of interest factor
 
10

 
10

 
45

 
50

 
52

 
42

          Income as adjusted
 
$
478

 
$
489

 
$
1,994

 
$
2,062

 
$
1,785

 
$
1,642

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on indebtedness
 
$
69

 
$
65

 
$
273

 
$
255

 
$
210

 
$
228

     Interest on uncertain tax positions
 
—

 
(5
)
 
—

 
4

 
5

 
5

     Portion of rents representative of interest factor
 
10

 
10

 
45

 
50

 
52

 
42

          Total fixed charges
 
$
79

 
$
70

 
$
318

 
$
309

 
$
267

 
$
275

Ratio of earnings to fixed charges
 
6.1

 
7.0

 
6.3

 
6.7

 
6.7


6.0


(1) For the year ended December 31, 2012, amounts related to discontinued operations have been included in Other income to conform to amounts included in the Consolidated Financial Statements. This amount in the year ended December 31, 2012 , which was historically included in Income (loss) from discontinued operations, has been reclassified to conform with current presentation. The amount reclassified was a $1 million loss for the year ended December 31, 2012 , from Income (loss) from discontinued operations to Other income.



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