Aon Corporation and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
| |
Years Ended December 31, | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (millions except ratio) |
2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||
Income from continuing operations before income taxes and noncontrolling interests |
$ | 1,384 | $ | 1,059 | $ | 949 | $ | 879 | $ | 1,023 | ||||||
Less: Equity in earnings on less than 50% owned entities |
7 |
10 |
11 |
5 |
6 |
|||||||||||
Add back fixed charges: |
||||||||||||||||
Interest on indebtedness |
245 |
182 |
122 |
126 |
138 |
|||||||||||
Interest on uncertain tax positions |
— |
(1 |
) |
2 |
— |
2 |
||||||||||
Portion of rents representative of interest factor |
55 |
48 |
48 |
47 |
75 |
|||||||||||
Income as adjusted |
$ |
1,677 |
$ |
1,278 |
$ |
1,110 |
$ |
1,047 |
$ |
1,232 |
||||||
Fixed charges: |
||||||||||||||||
Interest on indebtedness |
$ |
245 |
$ |
182 |
$ |
122 |
$ |
126 |
$ |
138 |
||||||
Interest on uncertain tax positions |
— |
(1 |
) |
2 |
— |
2 |
||||||||||
Portion of rents representative of interest factor |
55 |
48 |
48 |
47 |
75 |
|||||||||||
Total fixed charges |
$ |
300 |
$ |
229 |
$ |
172 |
$ |
173 |
$ |
215 |
||||||
Ratio of earnings to fixed charges |
5.6 |
5.6 |
6.5 |
6.1 |
5.7 |
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