Attached files
file | filename |
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EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - MARSH & MCLENNAN COMPANIES, INC. | mmc12312017ex_231.htm |
EX-32.1 - SECTION 1350 CERTIFICATIONS - MARSH & MCLENNAN COMPANIES, INC. | mmc12312017ex_321.htm |
EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - MARSH & MCLENNAN COMPANIES, INC. | mmc12312017ex_312.htm |
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MARSH & MCLENNAN COMPANIES, INC. | mmc12312017ex_311.htm |
EX-21.1 - LIST OF SUBSIDIARIES OF MMC - MARSH & MCLENNAN COMPANIES, INC. | mmc12312017ex_211.htm |
EX-10.56 - MCGIVNEY LETTER AGREEMENT - MARSH & MCLENNAN COMPANIES, INC. | mmc12312017ex_1056.htm |
EX-10.39 - SECOND AMENDMENT TO THE MMC SUPPLEMENTAL SAVINGS & INVESTMENT PLAN - MARSH & MCLENNAN COMPANIES, INC. | mmc12312017ex_1039.htm |
10-K - FORM 10-K - MARSH & MCLENNAN COMPANIES, INC. | mmc1231201710k.htm |
Exhibit 12.1
Marsh & McLennan Companies, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(In millions, except ratios)
Years Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings | |||||||||||||||||||
Income before income taxes | $ | 2,643 | $ | 2,480 | $ | 2,307 | $ | 2,057 | $ | 1,973 | |||||||||
Interest expense | 237 | 189 | 163 | 165 | 167 | ||||||||||||||
Portion of rents representative of the interest factor | 118 | 122 | 127 | 131 | 134 | ||||||||||||||
$ | 2,998 | $ | 2,791 | $ | 2,597 | $ | 2,353 | $ | 2,274 | ||||||||||
Fixed Charges | |||||||||||||||||||
Interest expense | $ | 237 | $ | 189 | $ | 163 | $ | 165 | $ | 167 | |||||||||
Portion of rents representative of the interest factor | 118 | 122 | 127 | 131 | 134 | ||||||||||||||
$ | 355 | $ | 311 | $ | 290 | $ | 296 | $ | 301 | ||||||||||
Ratio of Earnings to Fixed Charges | 8.4 | 9.0 | 9.0 | 7.9 | 7.6 |