Attached files

file filename
EX-10.6 - EXHIBIT 10.6 - Aon plca106lpp2015.htm
EX-10.7 - EXHIBIT 10.7 - Aon plca107executivecommitteeince.htm
EX-10.8 - EXHIBIT 10.8 - Aon plca108firstamendmenttoaondef.htm
EXCEL - IDEA: XBRL DOCUMENT - Aon plcFinancial_Report.xls
EX-31.2 - EXHIBIT 31.2 - Aon plca312certificationofcfoq120.htm
EX-32.2 - EXHIBIT 32.2 - Aon plca322certificationofcfoq120.htm
EX-32.1 - EXHIBIT 32.1 - Aon plca321certificationofceoq120.htm
10-Q - 10-Q - Aon plcq12015aonplc10-q.htm
EX-31.1 - EXHIBIT 31.1 - Aon plca311certificationofceoq120.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)
 
2015
 
2014
 
2014
 
2013
 
2012
 
2011
Income from continuing operations before income taxes and noncontrolling interests (1)
 
$
421

 
$
414

 
1,765

 
$
1,538

 
$
1,380

 
$
1,388

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

 
5

 
12

 
20

 
13

 
7

Add back fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on indebtedness
 
65

 
58

 
255

 
210

 
228

 
245

     Interest on uncertain tax positions
 
(5
)
 
(2
)
 
4

 
5

 
5

 

     Portion of rents representative of interest factor
 
10

 
13

 
50

 
52

 
42

 
55

          Income as adjusted
 
$
489

 
$
478

 
$
2,062

 
$
1,785

 
$
1,642

 
$
1,681

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on indebtedness
 
$
65

 
$
58

 
$
255

 
$
210

 
$
228

 
$
245

     Interest on uncertain tax positions
 
(5
)
 
(2
)
 
4

 
5

 
5

 

     Portion of rents representative of interest factor
 
10

 
13

 
50

 
52

 
42

 
55

          Total fixed charges
 
$
70

 
$
69

 
$
309

 
$
267

 
$
275

 
$
300

Ratio of earnings to fixed charges
 
7.0

 
6.9

 
6.7

 
6.7

 
6.0


5.6


(1) For the years ended December 31, 2012, and 2011 amounts related to discontinued operations have been included in Other income to conform to amounts included in the Consolidated Financial Statements. These amounts in the years ended December 31, 2012 and 2011, which were historically included in Income (loss) from discontinued operations, have been reclassified to conform with current presentation. The amounts reclassified were $1 million loss and $4 million income for the years ended December 31, 2012 and 2011, respectively, from Income (loss) from discontinued operations to Other income.