Attached files
file | filename |
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EX-3.A - EX-3.A - EATON CORP | l42210exv3wa.htm |
EX-3.B - EX-3.B - EATON CORP | l42210exv3wb.htm |
EX-31.2 - EX-31.2 - EATON CORP | l42210exv31w2.htm |
EX-32.2 - EX-32.2 - EATON CORP | l42210exv32w2.htm |
EX-31.1 - EX-31.1 - EATON CORP | l42210exv31w1.htm |
EX-32.1 - EX-32.1 - EATON CORP | l42210exv32w1.htm |
EXCEL - IDEA: XBRL DOCUMENT - EATON CORP | Financial_Report.xls |
10-Q - FORM 10-Q - EATON CORP | l42210e10vq.htm |
Eaton Corporation
First Quarter 2011 Report on Form 10-Q
Item 6
Exhibit 12
Ratio of Earnings to Fixed Charges
First Quarter 2011 Report on Form 10-Q
Item 6
Exhibit 12
Ratio of Earnings to Fixed Charges
Three | ||||||||||||||||||||||||
months | ||||||||||||||||||||||||
ended | ||||||||||||||||||||||||
March 31 | Year ended December 31 | |||||||||||||||||||||||
(Millions of dollars) | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Income from continuing operations
before income taxes and
noncontrolling interests in
consolidated subsidiaries |
$ | 335 | $ | 1,036 | $ | 303 | $ | 1,140 | $ | 1,055 | $ | 979 | ||||||||||||
Adjustments |
||||||||||||||||||||||||
(Income) losses of equity investees |
(2 | ) | (14 | ) | (6 | ) | (11 | ) | (6 | ) | 1 | |||||||||||||
Distributed income of equity
investees |
1 | 15 | 9 | 1 | 1 | 1 | ||||||||||||||||||
Interest expensed |
39 | 162 | 170 | 192 | 193 | 139 | ||||||||||||||||||
Amortization of debt issue costs |
1 | 4 | 5 | 2 | 1 | 1 | ||||||||||||||||||
Estimated portion of rent expense
representing interest |
14 | 57 | 59 | 58 | 44 | 41 | ||||||||||||||||||
Amortization of capitalized interest |
3 | 10 | 13 | 13 | 12 | 12 | ||||||||||||||||||
Adjusted income from continuing
operations before income taxes |
$ | 391 | $ | 1,270 | $ | 553 | $ | 1,395 | $ | 1,300 | $ | 1,174 | ||||||||||||
Fixed charges |
||||||||||||||||||||||||
Interest expensed |
$ | 39 | $ | 162 | $ | 170 | $ | 192 | $ | 193 | $ | 139 | ||||||||||||
Interest capitalized |
4 | 8 | 7 | 13 | 14 | 14 | ||||||||||||||||||
Amortization of debt issue costs |
1 | 4 | 5 | 2 | 1 | 1 | ||||||||||||||||||
Estimated portion of rent expense
representing interest |
14 | 57 | 59 | 58 | 44 | 41 | ||||||||||||||||||
Total fixed charges |
$ | 58 | $ | 231 | $ | 241 | $ | 265 | $ | 252 | $ | 195 | ||||||||||||
Ratio of earnings to fixed charges |
6.74 | 5.50 | 2.29 | 5.26 | 5.16 | 6.02 |