Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Snap-on Inc | d829867d10k.htm |
| EX-23 - EX-23 - Snap-on Inc | d829867dex23.htm |
| EX-31.2 - EX-31.2 - Snap-on Inc | d829867dex312.htm |
| EX-21 - EX-21 - Snap-on Inc | d829867dex21.htm |
| EX-32.1 - EX-32.1 - Snap-on Inc | d829867dex321.htm |
| EX-31.1 - EX-31.1 - Snap-on Inc | d829867dex311.htm |
| EX-32.2 - EX-32.2 - Snap-on Inc | d829867dex322.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Snap-on Inc | Financial_Report.xls |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Earnings before income taxes |
$ | 630.9 | $ | 526.2 | $ | 460.2 | $ | 412.9 | $ | 277.4 | ||||||||||
| Distributed income of equity investees |
– | – | – | 5.0 | 2.0 | |||||||||||||||
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| Earnings before income taxes |
$ | 630.9 | $ | 526.2 | $ | 460.2 | $ | 417.9 | $ | 279.4 | ||||||||||
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| Fixed charges: |
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| Interest on debt |
$ | 51.8 | $ | 55.3 | $ | 55.2 | $ | 60.4 | $ | 54.1 | ||||||||||
| Interest element of rentals |
2.9 | 2.7 | 2.4 | 2.7 | 2.7 | |||||||||||||||
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| Total fixed charges |
$ | 54.7 | $ | 58.0 | $ | 57.6 | $ | 63.1 | $ | 56.8 | ||||||||||
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| Total adjusted earnings available for |
$ | 685.6 | $ | 584.2 | $ | 517.8 | $ | 481.0 | $ | 336.2 | ||||||||||
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| Ratio of earnings to fixed charges |
12.5 | 10.1 | 9.0 | 7.6 | 5.9 | |||||||||||||||
| 112 | SNAP-ON INCORPORATED |