EX-12.1 6 exhibit1212016.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
Aon plc and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
 
 
Years Ended December 31,
(millions except ratio)
 
2016
 
2015
 
2014
 
2013
 
2012
Income from continuing operations before income taxes and noncontrolling interests
 
$
1,669

 
$
1,689

 
$
1,765

 
$
1,538

 
$
1,380

Less: Equity in earnings on less than 50% owned entities
 
13

 
13

 
12

 
20

 
13

Add back fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on indebtedness
 
282

 
273

 
255

 
210

 
228

Interest on uncertain tax positions
 

 

 
4

 
5

 
5

Portion of rents representative of interest factor
 
32

 
45

 
50

 
52

 
42

Income as adjusted
 
$
1,970

 
$
1,994

 
$
2,062

 
$
1,785

 
$
1,642

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on indebtedness
 
$
282

 
$
273

 
$
255

 
$
210

 
$
228

Interest on uncertain tax positions
 

 

 
4

 
5

 
5

Portion of rents representative of interest factor
 
32

 
45

 
50

 
52

 
42

Total fixed charges
 
$
314

 
$
318

 
$
309

 
$
267

 
$
275

Ratio of earnings to fixed charges
 
6.3

 
6.3

 
6.7

 
6.7

 
6.0