Attached files
| file | filename |
|---|---|
| EX-32.1 - SECTION 1350 CERTIFICATIONS - MARSH & MCLENNAN COMPANIES, INC. | mmc0630201710qex_321.htm |
| EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - MARSH & MCLENNAN COMPANIES, INC. | mmc0630201710qex_312.htm |
| EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MARSH & MCLENNAN COMPANIES, INC. | mmc0630201710qex_311.htm |
| 10-Q - FORM 10-Q - MARSH & MCLENNAN COMPANIES, INC. | mmc0630201710q.htm |
Exhibit 12.1
Marsh & McLennan Companies, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(In millions, except ratios)
Six Months Ended June 30, 2017 | Years Ended December 31, | ||||||||||||||||||||||
(Unaudited) | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||
Earnings | |||||||||||||||||||||||
Income before income taxes | $ | 1,464 | $ | 2,480 | $ | 2,307 | $ | 2,057 | $ | 1,973 | $ | 1,696 | |||||||||||
Interest expense | 118 | 189 | 163 | 165 | 167 | 181 | |||||||||||||||||
Portion of rents representative of the interest factor | 56 | 122 | 127 | 131 | 134 | 139 | |||||||||||||||||
$ | 1,638 | $ | 2,791 | $ | 2,597 | $ | 2,353 | $ | 2,274 | $ | 2,016 | ||||||||||||
Fixed Charges | |||||||||||||||||||||||
Interest expense | $ | 118 | $ | 189 | $ | 163 | $ | 165 | $ | 167 | $ | 181 | |||||||||||
Portion of rents representative of the interest factor | 56 | 122 | 127 | 131 | 134 | 139 | |||||||||||||||||
$ | 174 | $ | 311 | $ | 290 | $ | 296 | $ | 301 | $ | 320 | ||||||||||||
Ratio of Earnings to Fixed Charges | 9.4 | 9.0 | 9.0 | 7.9 | 7.6 | 6.3 | |||||||||||||||||