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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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Exhibit 12.1
Aon Corporation and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
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| Three Months Ended |
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| Mar. 31, |
| Years Ended December 31, |
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(millions except ratios) |
| 2009 |
| 2008 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
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Income from continuing operations before income taxes and non-controlling interest |
| $ | 343 |
| $ | 258 |
| $ | 879 |
| $ | 1,025 |
| $ | 738 |
| $ | 567 |
| $ | 519 |
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Less: Earnings from unconsolidated entities under the equity method of accounting |
| — |
| — |
| 5 |
| 6 |
| 5 |
| 7 |
| 3 |
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Add back fixed charges: |
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Interest on indebtedness |
| 29 |
| 33 |
| 126 |
| 138 |
| 129 |
| 125 |
| 136 |
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Interest on FIN 48 liabilities |
| — |
| — |
| — |
| (2 | ) | — |
| — |
| — |
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Portion of rents representative of interest factor |
| 9 |
| 12 |
| 47 |
| 75 |
| 79 |
| 71 |
| 73 |
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Income as adjusted |
| $ | 381 |
| $ | 303 |
| $ | 1,047 |
| $ | 1,230 |
| $ | 941 |
| $ | 756 |
| $ | 725 |
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Fixed charges: |
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Interest on indebtedness |
| $ | 29 |
| $ | 33 |
| $ | 126 |
| $ | 138 |
| $ | 129 |
| $ | 125 |
| $ | 136 |
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Portion of rents representative of interest factor |
| 9 |
| 12 |
| 47 |
| 75 |
| 79 |
| 71 |
| 73 |
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Total fixed charges |
| $ | 38 |
| $ | 45 |
| $ | 173 |
| $ | 213 |
| $ | 208 |
| $ | 196 |
| $ | 209 |
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Ratio of earnings to fixed charges |
| 10.0 |
| 6.7 |
| 6.1 |
| 5.8 |
| 4.5 |
| 3.9 |
| 3.5 |
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1