EX-12.1 2 exhibit121q32017.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

 
 
Nine Months Ended September 30
 
Years Ended December 31
(millions except ratio)
 
2017
 
2016
 
2016
 
2015
 
2014
 
2013
Income from continuing operations before income taxes and noncontrolling interests
 
$
279

 
$
996

 
$
1,401

 
$
1,428

 
$
1,559

 
$
1,347

Less: Equity in earnings on less than 50% owned entities
 
11

 
7

 
13

 
13

 
12

 
20

Add back fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on indebtedness
 
211

 
212

 
282

 
273

 
255

 
210

     Interest on uncertain tax positions
 
—

 
—

 
—

 
—

 
4

 
5

     Portion of rents representative of interest factor
 
24

 
24

 
28

 
33

 
40

 
40

          Income as adjusted
 
$
503

 
$
1,225

 
$
1,698

 
$
1,721

 
$
1,846

 
$
1,582

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on indebtedness
 
$
211

 
$
212

 
$
282

 
$
273

 
$
255

 
$
210

     Interest on uncertain tax positions
 
—

 
—

 
—

 
—

 
4

 
5

     Portion of rents representative of interest factor
 
24

 
24

 
28

 
33

 
40

 
40

          Total fixed charges
 
$
235

 
$
236

 
$
310

 
$
306

 
$
299

 
$
255

Ratio of earnings to fixed charges
 
2.1

 
5.2

 
5.5

 
5.6

 
6.2


6.2