EX-12.1 2 a2212713zex-12_1.htm EX-12.1
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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)
   2012   2011   2010   2009   2008  

Income from continuing operations before income taxes and noncontrolling interests

  
$
1,381		  
$
1,384		  
$
1,059		  
$
949		  
$
879		  

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

    
13		    
7		    
10		    
11		    
5		  

Add back fixed charges:

                                

Interest on indebtedness

    
228		    
245		    
182		    
122		    
126		  

Interest on uncertain tax positions

    
5		    
—		    
(1
)		  
2		    
—		  

Portion of rents representative of interest factor

    
42		    
55		    
48		    
48		    
47		  
                       

Income as adjusted

  
$
1,643		  
$
1,677		  
$
1,278		  
$
1,110		  
$
1,047		  
                       

Fixed charges:

                                

Interest on indebtedness

  
$
228		  
$
245		  
$
182		  
$
122		  
$
126		  

Interest on uncertain tax positions

    
5		    
—		    
(1
)		  
2		    
—		  

Portion of rents representative of interest factor

    
42		    
55		    
48		    
48		    
47		  
                       

Total fixed charges

  
$
275		  
$
300		  
$
229		  
$
172		  
$
173		  
                       

Ratio of earnings to fixed charges

    
6.0		    
5.6		    
5.6		    
6.5		    
6.1		  
                       



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