Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Eaton Corp plc | Financial_Report.xls |
| EX-31.1 - EXHIBIT 31.1 - Eaton Corp plc | etn09302014ex311.htm |
| EX-32.1 - EXHIBIT 32.1 - Eaton Corp plc | etn09302014ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - Eaton Corp plc | etn09302014ex312.htm |
| EX-32.2 - EXHIBIT 32.2 - Eaton Corp plc | etn09302014ex322.htm |
| 10-Q - FORM 10-Q - Eaton Corp plc | etn0930201410-q.htm |
Eaton Corporation plc
Third Quarter 2014 Report on Form 10-Q
Item 6
Exhibit 12
Ratio of Earnings to Fixed Charges
Nine months ended September 30 | Year ended December 31 | |||||||||||||||||||||||
(Millions of dollars) | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests in consolidated subsidiaries | $ | 1,152 | $ | 1,884 | $ | 1,251 | $ | 1,553 | $ | 1,036 | $ | 303 | ||||||||||||
Adjustments | ||||||||||||||||||||||||
(Income) losses of equity investees | (5 | ) | 2 | (2 | ) | (2 | ) | (14 | ) | (6 | ) | |||||||||||||
Distributed income of equity investees | 3 | 77 | 19 | 3 | 15 | 9 | ||||||||||||||||||
Interest expensed | 191 | 290 | 165 | 154 | 162 | 170 | ||||||||||||||||||
Amortization of premiums, discounts and capitalized expenses related to indebtedness | 7 | 10 | 74 | 4 | 4 | 5 | ||||||||||||||||||
Estimated portion of rent expense representing interest | 62 | 80 | 66 | 65 | 57 | 59 | ||||||||||||||||||
Amortization of capitalized interest | 11 | 13 | 12 | 10 | 10 | 13 | ||||||||||||||||||
Adjusted income from continuing operations before income taxes | $ | 1,421 | $ | 2,356 | $ | 1,585 | $ | 1,787 | $ | 1,270 | $ | 553 | ||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest expensed | $ | 191 | $ | 290 | $ | 165 | $ | 154 | $ | 162 | $ | 170 | ||||||||||||
Interest capitalized | 10 | 11 | 23 | 18 | 8 | 7 | ||||||||||||||||||
Amortization of premiums, discounts and capitalized expenses related to indebtedness | 7 | 10 | 74 | 4 | 4 | 5 | ||||||||||||||||||
Estimated portion of rent expense representing interest | 62 | 80 | 66 | 65 | 57 | 59 | ||||||||||||||||||
Total fixed charges | $ | 270 | $ | 391 | $ | 328 | $ | 241 | $ | 231 | $ | 241 | ||||||||||||
Ratio of earnings to fixed charges | 5.26 | 6.03 | 4.83 | 7.41 | 5.50 | 2.29 | ||||||||||||||||||