Attached files
file | filename |
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10-K - 10-K - Snap-on Inc | d58704d10k.htm |
EX-21 - EX-21 - Snap-on Inc | d58704dex21.htm |
EX-23 - EX-23 - Snap-on Inc | d58704dex23.htm |
EX-31.1 - EX-31.1 - Snap-on Inc | d58704dex311.htm |
EX-32.2 - EX-32.2 - Snap-on Inc | d58704dex322.htm |
EX-31.2 - EX-31.2 - Snap-on Inc | d58704dex312.htm |
EX-32.1 - EX-32.1 - Snap-on Inc | d58704dex321.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
Earnings before income taxes |
$ | 710.5 | $ | 630.9 | $ | 526.2 | $ | 460.2 | $ | 412.9 | ||||||||||
Distributed income of equity investees |
| | | | 5.0 | |||||||||||||||
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Earnings before income taxes |
$ | 710.5 | $ | 630.9 | $ | 526.2 | $ | 460.2 | $ | 417.9 | ||||||||||
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Fixed charges: |
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Interest on debt |
$ | 51.0 | $ | 51.8 | $ | 55.3 | $ | 55.2 | $ | 60.4 | ||||||||||
Interest element of rentals |
2.7 | 2.9 | 2.7 | 2.4 | 2.7 | |||||||||||||||
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Total fixed charges |
$ | 53.7 | $ | 54.7 | $ | 58.0 | $ | 57.6 | $ | 63.1 | ||||||||||
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Total adjusted earnings available for |
$ | 764.2 | $ | 685.6 | $ | 584.2 | $ | 517.8 | $ | 481.0 | ||||||||||
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Ratio of earnings to fixed charges |
14.2 | 12.5 | 10.1 | 9.0 | 7.6 |
2015 ANNUAL REPORT | 113 |